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
- Up to $5,000
- Kind of help
- Grant
- First-time buyers only
- No
- Homebuyer course
- Required
How is Iowa Military Homeownership Assistance Program paid back?
Grant.
A grant is money you never pay back, as long as you keep to the program's rules.
Who qualifies for Iowa Military Homeownership Assistance Program?
- Only for service members, veterans and surviving spouses who served active duty Aug 2, 1990 to Apr 6, 1991 or Sept 11, 2001 to present.
- You don't have to be a first-time buyer.
- A homebuyer education course before you buy.
- It comes with this first mortgage: Optional; may use FirstHome or Homes for Iowans.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Iowa Military Homeownership Assistance Program
- Iowa Finance Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications 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.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Iowa
- Iowa FirstHome Down Payment and Closing Costs Assistance Grant: up to $2,500, grant.
- Iowa FirstHome 2nd Loan Program: up to 5% of the price or value, deferred loan.
- Homes for Iowans 2nd Loan Program: up to 5% of the price or value, deferred loan.
All Iowa first-time home buyer programs · Down payment assistance in every state