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Down Payment Assistance

Your Dream of Owning a Home May Be Closer Than You Think

For many homebuyers, the biggest hurdle isn’t the monthly payment – it’s getting started. There are programs that can help with your down payment and closing costs and we’ll help you find them. 

Talk to a lender about your options

Let’s Figure Out What’s Possible

Down payment assistance programs can look a little different depending on where you live, your income, and homebuying goals. That’s why we start with a conversation. 

Where You’re Buying 
Some programs are specific to certain cities or counties. 

Your Financial Picture 
Income limits and eligibility requirements vary – but there may be more options than you expect. 

Your Homeownership Goals 
First-time buyer? Moving to your next home? There are programs designed for both. 

Lender talking customer through process

We’ll Help You Understand What You Qualify For – and What Makes the Most Sense for You

  • We help identify programs you may qualify for 
  • We explain how each option works – clearly and simply 
  • We help you combine programs when possible 
  • We guide you through applications and next steps 

What Kind of Help is Available?

Assistance programs aren't always one-size-fits-all. Depending on your situation, support may be available through grants, forgivable loans, deferred loans, and other programs designed to make homeownership more accessible. Working with a local lender who understands the programs available in Eastern Iowa can help you uncover opportunities and navigate the process with confidence.

Here are some of the programs our lenders frequently help customers explore. Each has unique eligibility requirements and benefits.
 

City of Iowa City

Down payment assistance for eligible buyers purchasing in select areas of Iowa City.

Iowa City Assistance

City of Cedar Rapids

Down payment and closing cost assistance for first-time homebuyers, forgivable after 5 years.

Cedar Rapids Assistance

Iowa Finance Authority (IFA)

Offers statewide programs including down payment assistance, grants, and affordable loan options.

Finance Authority Assistance

Journey to Homeownership (J2H)

Provides deferred down payment assistance for eligible homebuyers in Polk and Linn Counties.

J2H Assistance

Fannie Mae HomeReady

Income-qualified buyers may receive assistance with down payment or closing costs.

Fannie Mae Assistance

Home$tart Program

Eligible first-time homebuyers may receive up to $15,000 toward down payment and closing costs.

Home$tart Assistance

Military Homeownership Assistance

Grants for eligible service members and veterans to help with down payments and closing costs.

Veteran Assistance

Habitat for Humanity (Local Chapters)

Affordable homeownership opportunities and home repair programs for qualifying households.

Habitat Assistance

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Let’s Explore Your Options Together

A short conversation can help you understand what programs are available – and what your next step could look like.

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