In honor of their service, Iowa offers the Military Homeownership Assistance Program to veterans and service members. Assistance is offered in the form of a $5,000 grant. This can be used to help with the costs of the down payment and closing.
In order to be eligible, an individual has to have served a minimum of 90 days in active duty, or be federally recognized as an injured service person, or be a surviving spouse of an eligible service person with any discharge other than dishonorable.
All applicants must receive approval for the property. Properties must be in Iowa, occupied within 60 days of closing, be a single family residence, condominium, or townhouse, or a property containing up to 4 units.
Other programs in Iowa:
- Home$tart and Home$tart Plus Programs
- Waterloo Down Payment Assistance Program
- Dubuque First-Time Homebuyer Loan Program
- Cedar Rapids First Time Home Buyer Program