Down payment assistance for conventional loans in Iowa
22 down payment assistance programs in Iowa name conventional loans among the loan types they can be paired with.
The loan type is one eligibility rule among several — income limits, purchase price caps and occupancy requirements still apply to each program below.
The programs
- Homebuyer Assistance Program (City of Waterloo)City of Waterloo Community Development · Waterloo
- FirstHome 2nd LoanStatewide
- Down Payment Assistance ProgramIowa City
- Journey to HomeownershipDes Moines
- Military Homeownership AssistanceStatewide
- FirstHome GrantStatewide
- Dupaco / Fannie Mae HomeReady Down Payment AssistanceDupaco Community Credit Union (in partnership with Fannie Mae) · Dubuque
- First Time Home Buyer ProgramCedar Rapids
- Muscatine Down Payment Assistance - $2,500 GrantCity of Muscatine Housing Counseling · Muscatine
- Homes for Iowans 2nd LoanStatewide
- Homeownership Assistance Program
- MyPad Down Payment Assistance ProgramSioux City
- Neighborhood Reinvest Down Payment AssistanceDes Moines
- Down Payment AssistanceCouncil Bluffs
- Polk County Down Payment Assistance ProgramNeighborhood Finance Corporation (NFC) on behalf of Polk County
- Homebuyer Down Payment Grant ProgramDavenport
- IFA Homebuyer Down Payment Assistance Program (ECICOG)East Central Iowa Council of Governments (ECICOG), with IFA and local housing trust funds
- Waterloo Housing Authority Down Payment ProgramWaterloo Housing Authority · Waterloo
- Muscatine Down Payment Assistance - Thrive Don't DriveCity of Muscatine Housing Counseling · Muscatine
- NFC Advantage Loan - Forgivable Renovation Loan & Down Payment AssistanceNeighborhood Finance Corporation (NFC) · Des Moines
- Region XII COG Homebuyer Down Payment Assistance ProgramRegion XII Council of Governments (on behalf of Council of Governments Housing, Inc.) · Carroll
- NFC Closing Cost AssistanceDes Moines
Questions, answered
Can down payment assistance be used with conventional loans in Iowa?
22 down payment assistance programs in Iowa name conventional loans among the loan types they can be paired with. The assistance program and the first-mortgage lender underwrite separately, so a lender must also be willing to accept the assistance as a source of funds.
Does naming conventional loans mean a program is available to everyone using one?
No. The loan type is one eligibility rule among several — income limits, purchase price caps, credit requirements and occupancy rules all still apply, and each program sets its own.
Is Hey Prescott a lender?
No. Hey Prescott is an educational directory of down payment assistance programs. We list programs and link to official sources; we do not make loans or give individualized lending advice.
How conventional loans work with down payment assistance, nationally →
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