Iowa SF505 codifies the firsthome program to assist first-time homebuyers with down payments and closing costs.

Iowa SF505 establishes the firsthome program, administered by the Iowa finance authority, to provide assistance to eligible first-time homebuyers. This includes down payment and closing cost grants, second loans, and free Iowa title guaranty owner’s certificates. To qualify, individuals must be first-time homebuyers, meet income and credit requirements, and occupy the home as a primary residence.

Iowa SF505 codifies the firsthome program to assist first-time homebuyers with down payments and closing costs.

Iowa SF505 establishes the firsthome program, administered by the Iowa finance authority, to provide assistance to eligible first-time homebuyers. This includes down payment and closing cost grants, second loans, and free Iowa title guaranty owner’s certificates. To qualify, individuals must be first-time homebuyers, meet income and credit requirements, and occupy the home as a primary residence.