Summary List PlacementTable of Contents: Masthead Sticky Buying a home in Iowa
According to Zillow , the typical home value in Iowa is much lower than the typical value of $269,039 across the US. The typical home value in Iowa is $158,930, and home values have increased 3.6% over the past year.
Iowa first-time homebuyer programs
The Iowa Finance Authority has several financial assistance programs for first-time homebuyers who borrow from participating lenders:
FirstHome grant : Depending on your income, you may qualify for a $2,500 grant to put toward a down payment or closing costs. You don't have to repay the grant.
FirstHome loan : If you qualify, you can borrow up to 5% of your home purchase price or $5,000, whichever is less. You'll repay the IFA when you sell the home, refinance your mortgage, or completely pay off your mortgage.
Homes for Iowans grant : If you don't qualify for the FirstHome program, you might be eligible for Homes for Iowans. The IFA will give you $2,500, and you don't have to pay it...
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