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Have you been searching online and visiting neighborhoods to find the perfect home? In today’s market, houses do not stay available long, so it is important to plan and be ready to move fast when it comes to buying a home. A few steps to getting started include: 1. Find a real estate agent and lender 2. Understand your finances 3. And learn about existing programs that may help you get into a new home!
Homeownership may be closer than you think
Find real-life examples below and see if this sounds like your situation.
$160,000
3%
$4,800
Yes
$66,000
730
$42,000
$500/mo.
$267/ mo.
The Iowa Finance Authority offers mortgage, down payment and closing costs assistance programs for first-time and repeat homebuyers: Grant for $2,500 OR 2nd Loan of up to 5% of the home’s sale price with no maximum and is repayable at time of sale, refinance or first mortgage is paid in full. No monthly payments required!
$160,000
3%
$4,800
$5,000
$0 (not including closing costs)
IFA connects many people with affordable financing resources to help them turn their dreams into untold realities. And for Edwardo, IFA is bringing more light to his reality, giving Iowans the confidence, courage and inspiration they need to begin a new adventure.
Learn how the Iowa Finance Authority may be able to assist you with your home purchase.
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It’s important to us that the Iowa Finance Authority is available to you to answer your questions, lead you to the right program and address your concerns.
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