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Updated about 8 years ago, 10/27/2016
First Time Home Buyer Incentives in Iowa
I am looking at purchasing a multi family to house hack and have enough for a 3.5% FHA down payment, but I have read a few references to down payment assistance grants by the state of Iowa. An extra free $1000+ from the state sounds amazing. I was on the Iowa Finance Authority website but all I got from them was that it exists and has some restrictions not how to apply or what needs to be done in order to take advantage of the programs. So i guess my questions:
Is this something my mortgage broker should be telling me about?
How do I take advantage of these benefits?
Can someone explain the process?
Where should I start?
The government is a real-estate investor's friend and if it is offering better financing or free money I do not want to turn it down because I lack the knowledge. Thank you all in advance for your help.