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Updated about 8 years ago, 10/27/2016

User Stats

40
Posts
8
Votes
Jared Stroebele
Pro Member
  • Des Moines, IA
8
Votes |
40
Posts

First Time Home Buyer Incentives in Iowa

Jared Stroebele
Pro Member
  • Des Moines, IA
Posted

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. 

  • Jared Stroebele
  • Loading replies...