Iowa Military Homeownership Assistance Program
Iowa Finance Authority offers Military Homeownership Assistance Program to home buyers in Iowa: up to $5,000, as a grant.
- Amount
- $5,000 at most
- What kind of help
- Grant
- Only first-time buyers
- No
- Homebuyer class
- Required
How is Iowa Military Homeownership Assistance Program paid back?
Grant.
Grant funds don't have to be repaid when you follow all program conditions.
Who qualifies for Iowa Military Homeownership Assistance Program?
- Only veterans, service members and surviving spouses who served on active duty between Aug 2, 1990 and Apr 6, 1991, or from Sept 11, 2001 until now can get this help.
- Being a first-time buyer isn't required.
- You take a homebuyer education course first, before you buy.
- Pairing it with a first mortgage is optional; if you do, you may use FirstHome or Homes for Iowans.
Your county and household size set most limits. See where your household sits and your area's median income with our HUD income limits lookup.
How to apply for Iowa Military Homeownership Assistance Program
- You apply through an approved lender with your home loan, because Iowa Finance Authority sends this help through those lenders.
- Your lender checks the home, your income and your credit under the program's rules, then sets the money aside for you.
- At closing, the money goes to your down payment and closing costs.
See the full rules and current application status on Iowa Finance Authority's page for Military Homeownership Assistance Program.
Ask a lender about Iowa Military Homeownership Assistance Program
Tell us where you're buying and a lender that works with Iowa's programs can tell you whether Iowa Military Homeownership Assistance Program fits you, and what you could combine with it.
Prefer not to call? Send us your details and the lender will contact you.
More Iowa first-time buyer programs
- Iowa FirstHome Down Payment and Closing Costs Assistance Grant:
A grant of up to $2,500.
- Iowa FirstHome 2nd Loan Program:
A deferred loan worth up to 5% of the home's price or value.
- Homes for Iowans 2nd Loan Program:
It comes as a deferred loan of up to 5% of the home's price or value.
Every Iowa first-time buyer program · Down payment help nationwide