Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance is a forgivable loan for homebuyers in Iowa, administered by Upper Explorerland Regional Planning Commission (UERPC). UERPC uses Iowa Finance Authority funds to assist first-time homebuyers and qualified veterans with up to $24,999 in combined down payment and rehabilitation assistance in the cities of Decorah, Oelwein, Elkader, and Marquette. Up to $24,999 in down payment plus rehabilitation assistance. Qualified veterans eligible. Serves NE Iowa communities. Funding comes from Iowa Finance Authority (IFA) funds administered by UERPC.

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance offers up to $24,999 in assistance. Amounts are the program's published maximums, not an offer — Upper Explorerland Regional Planning Commission (UERPC) determines any individual award.

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance is a forgivable loan, so the balance is forgiven once the program's conditions are met. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time homebuyer = has not owned a home in the 3 years prior to purchase; qualified veterans also eligible. Down payment assistance is bundled with minor rehabilitation; available only in Decorah, Oelwein, Elkader, and Marquette. Contact Sarah Snitker (ext. 101) or Michaela Collins (ext. 102). Confirm current funding availability via UERPC Fund Alerts.

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance sets its income limit as follows: Income eligible based on household size and annual gross household income (IFA/HUD limits). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance can be used for Single Family.

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance names veterans among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance serves homebuyers purchasing anywhere in Iowa. The program targets specific areas: Cities of Decorah, Oelwein, Elkader, and Marquette (NE Iowa / Allamakee, Clayton, Fayette, Howard, Winneshiek counties service region).

Applications for Upper Explorerland RPC First-Time Homebuyer Down Payment Assistance go through Upper Explorerland Regional Planning Commission (UERPC), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.