Consumers rely on real estate professionals and lenders to provide information and assist them during the home purchase process. IFA Participating Lenders are expected to answer borrower questions about available programs, complete the required loan and bond documents and keep the borrower apprised of the loan status. Specific lender responsibilities include:

• Completing applications for FirstHome and FirstHome Plus loans
• Registering FirstHome and FirstHome Plus loans to lock in the interest rate and reserve funds
• Providing timely completion of required loan and bond documents
• Submitting the loan to the master servicer for purchase

Current Interest Rates

Programs

FirstHome

FirstHome Plus

RuralHome Subsidy

Military Service Member Homeownership Assistance Program

Required IFA Documents

Mortgage Revenue Bond (MRB) Documents

Title Guaranty Documents

Resources

FirstHome and FirstHome Plus Brochure
FirstHome Lender Handbook
Iowa Subsidy Programs Approved for Use with FirstHome and FirstHome Plus

2008 Purchase Price Limits
2008 Income Limits
Cooperative Advertising Program

Presentations

Countrywide Home Loans
IBMC
USDA

More information
For more information about the Iowa Finance Authority's single-family programs or to learn how to become an IFA Participating Lender, please contact Irene Hardisty at 800.432.7230.