Posts from October 21st, 2011
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21
$3,500 in Down Payment Assistance is now available for Qualified Iowa Home Buyers
Homes in our areas are now eligible for a greater amount of assistance towards making a down payment. Homebuyers, who use the Iowa Finance Authority's FirstHome and FirstHome Plus program to purchase a home through the end of the year, may qualify for up to $3,500 in down payment assistance. This is an increase of $1,000 above the normal amount of $2,500. "One of the biggest barriers facing Iowa homebuyers is coming up with the cash for the down payment," said Lt. Gov. Kim Reynolds in a press release. "The Iowa Finance Authority has recognized that need and has implemented this $1,000 bonus for a limited time to help home buyers realize their dream of homeownership." The FirstHome Plus Program provides targeted assistance in certain neighborhoods in the communities we serve, such as Davenport, Dubuque and Iowa City. The homebuyer may be a first-time or repeat homebuyer and must meet federal i...
