Homes for Iowans (Formerly "Expanded Market")

Information for Lenders & Real Estate Agents

The Homes for Iowans program may assist both repeat and first-time Iowa home buyers who are not eligible for IFA's FirstHome program. The program provides the benefit of a safe, affordable, fixed interest rate mortgage, paired with the convenience of working with a local lender.

Benefits

• An affordable, 30 year fixed interest rate
• The interest rate does not change based on the qualified borrower’s credit rating
• Borrowers may request a free Title Guaranty Owner’s Certificate. This Certificate protects the borrower’s interest in the property’s title, even after the home is sold. What’s more, if a title defect is identified, Title Guaranty becomes the borrower’s free legal defense.

Eligibility    

• Program income limits vary by county. Use this eligibility tool to determine if the borrower may be eligible. A full listing of income limits is also available here.
• The home must cost no more than $301,000 and must be located in Iowa.
• The buyer must occupy the home as their primary residence within 60 days of closing.
• The buyer must demonstrate an ability to repay the loan.
• The buyer must have an acceptable credit history.

Resources

• Homeownership program flyer
• Participating lender listing
• Get instant notifications about IFA homeownership programs! We'll send you rate changes and much more right to your phone! Sign up for the notifications now! Text HOMEINFO to 30644.

Contact us
Email us
800.432-7230