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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 get started include: Find a real estate agent and lender; Understand your finances; 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
$180,000
3%
$5,400
Yes
$71,000
$3,600
720
$45,000
$600/month
$5,000
The Iowa Finance Authority provides mortgage, down payment and closing costs assistance programs to first-time and repeat homebuyers that can make buying a home affordable and easy. The Iowa Finance Authority offers mortgage programs that have lower minimum down payment requirements, as well as two down payment and closing costs assistance programs: Grant for $2,500 OR 2nd Loan of up to $5,000, to help homebuyers.
$180,000
3%
$5,400
$2,500
$2,900 (does not include closing costs)
While the amount of financial assistance provided by IFA varies for each first-time homebuyer, there are mortgage and down payment programs available to help you take life-changing actions each day — just like Nate and Jen were able to do.
Learn how the Iowa Finance Authority may be able to assist you with your home purchase.
Learn About...
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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