HOME BUYERS ASSISTANCE PROGRAMS
The IFA Homebuyer Down Payment Assistance Program is to provide down payment assistance and minor rehabilitation to low-to-moderate income first-time homebuyers in Benton, Iowa, Johnson, Jones & Washington Counties.
Eligibility
The home purchased must be buyer’s primary residence.
​​
​Buyer must continue to own and occupy the home as their primary residence for 5-10 years dependent on amount of assistance.
​​
Buyer must obtain a fixed-rate mortgage with a term of at least 15 years.
​​
Income limits apply: Must be at or below 80% Area Median Income for family size. Documentation for verification must be complete and will remain good for 12 months.
Targeted Communties
Anamosa, Belle Plaine, Coralville, Kalona, Lone Tree, Marengo, Monticello, North Liberty, Solon, Tiffin, Vinton, University Heights, Washington and Williamsburg​.​
Ready to Start Looking for a Home?
How to Apply:
-
Return a complete and accurate application with the required income documentation.
-
Obtain mortgage preapproval from a qualified lender.
-
Begin searching for a qualified home.
-
Homes will be subject to inspection, lead/radon testing, and environmental review.​​