Forgivable loan
Homebuyer Assistance Program (City of Waterloo)
First-time homebuyers · New construction · Income limits · Single-family (1-unit) · Condominium · Manufactured home on permanent foundation on owned land
Down payment assistance · Black Hawk County
Buying a home in Waterloo, IA
2 Waterloo programs and 9 statewide.Waterloo has 2 programs of its own, and 9 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Waterloo addresses
Waterloo’s own programs
Forgivable loan
Waterloo Housing Authority Down Payment Program
First-time homebuyers · Income limits · Single-family residence
Neighboring cities
1 program for homes in nearby cities
1 more program is for homes in Cedar Falls. See them 1 program in neighboring cities — for homes inside those cities, not Waterloo
- Cedar Falls — Cedar Falls Housing Trust Fund Homebuyer Assistance
The Waterloo marketThe Waterloo housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Waterloo
- 68.9% single-familysingle-family
- 4.5% townhousetownhouse
- 5.9% 2–4 units2–4 units
- 17.4% 5+ unitscondo & apartment buildings (5+ units)
- 3.4% mobile & othermobile home & other
Condos count. 1 of Waterloo’s 2 local and county programs accept condos. Waterloo Housing Authority Down Payment Program lists single-family residence.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Waterloo’s homes were built
pre-19401970s2020+
76.3%
of Waterloo homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$91,000
County area median income, 4 people (HUD)HUD area median income, Black Hawk County, 4-person household (2026)
$57,480
Waterloo median household incomeMedian household income in Waterloo (Census, 2024)
12 of the 73 programs here set their income limit as a share of Black Hawk County’s area median income, adjusted for household size. See the published limits for Black Hawk County
Free help nearbyFree help near Waterloo
2 HUD-approved counseling agencies within 15 miles2 HUD-approved housing counseling agencies within 15 miles
2 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 2 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Iowa and nationwide
71 statewide & federal programs9 statewide programs, plus federal options
Waterloo questions
Does Waterloo have its own down payment program?
Yes, 2: Homebuyer Assistance Program (City of Waterloo) and Waterloo Housing Authority Down Payment Program. Each is for homes inside Waterloo.
Can I use assistance on a condo in Waterloo?
1 of Waterloo’s 2 local and county programs accept condos. Waterloo Housing Authority Down Payment Program lists single-family residence. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Black Hawk County?
Each program sets its own. 12 of the programs here set theirs as a share of HUD’s area median income for Black Hawk County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Waterloo?
HUD-approved housing counseling agencies teach homebuyer classes, and 2 agencies are within 15 miles of Waterloo. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
50701 · 50702 · 50703 · 50704 · 50706 · 50799
Nearby in Black Hawk
Sources
Sources: agency sites (June–September 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–September 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.