IFA Homebuyer Down Payment Assistance Program (ECICOG)

IFA Homebuyer Down Payment Assistance Program (ECICOG) es un préstamo condonable para compradores de vivienda en Condado de Benton, Iowa, Johnson, Jones, Linn, Washington, Iowa, a cargo de East Central Iowa Council of Governments (ECICOG), with IFA and local housing trust funds. ECICOG, in partnership with the Iowa Finance Authority and three local housing trust funds, offers the IFA Homebuyer Down Payment Assistance Program providing up to $35,000 in forgivable down payment assistance plus minor rehabilitation to low-to-moderate-income first-time homebuyers in Benton, Iowa, Johnson, Jones, Linn, and Washington Counties. The forgivable loan is fully forgiven after a 5-year (under $25,000) or 10-year ($25,000+) owner-occupancy retention period. As of 2026, several counties are waitlisted while Linn County is still accepting applications. Up to $35,000 forgivable down payment assistance. Minor rehabilitation included. 0% interest, no payments. Fully forgiven after 5-10 year retention. Multi-county coverage. Los fondos provienen de IFA HOME funds plus local housing trust funds (East Central Iowa HTF, Johnson County HTF, Housing Fund for Linn County).

IFA Homebuyer Down Payment Assistance Program (ECICOG) ofrece hasta $35,000 de ayuda. Niveles de ayuda: Retention period 5 years (<$25,000) or 10 years ($25,000+). El programa se puede combinar con Other down payment assistance sources (disclosure required). Los montos son los máximos publicados por el programa, no una oferta: East Central Iowa Council of Governments (ECICOG), with IFA and local housing trust funds determina cualquier ayuda individual.

IFA Homebuyer Down Payment Assistance Program (ECICOG) es un préstamo condonable, así que el saldo se perdona una vez que se cumplen las condiciones del programa. El reembolso se activa por Must own and occupy as primary residence for 5 years (<$25,000) or 10 years ($25,000+); repayment triggered by failure to occupy during the retention period. La ayuda se registra con un gravamen en posición Second. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

IFA Homebuyer Down Payment Assistance Program (ECICOG) está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: First-time = no ownership interest in any property in the last 3 years; includes single parents/displaced homemakers and prior owners of non-affixed mobile homes. Sobre el crédito, el programa indica: Determined by mortgage lender; no program minimum published. Requisito de residencia: Home in an eligible targeted community; cannot be in Iowa City, Hills, Cedar Rapids, Marion, or Fairfax. Forgivable; fully forgiven after 5 years (<$25,000) or 10 years ($25,000+). Buyer must obtain a fixed-rate conventional first mortgage, term at least 15 years, no balloon. Several counties currently on waitlist (Linn open).

IFA Homebuyer Down Payment Assistance Program (ECICOG) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. At/below 80% AMI for household size, varies by county; effective 5/1/2026 (e.g., Benton/Iowa/Jones/Linn/Washington 4-person $75,300; higher in Johnson County). El límite se aplica al ingreso total del hogar, no solo al del prestatario. El programa indica un tamaño máximo de hogar de 8. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

IFA Homebuyer Down Payment Assistance Program (ECICOG) limita el precio de compra a $324,000. Los tipos de propiedad elegibles incluyen Single-family residence (primary residence). Las viviendas prefabricadas no son elegibles.

IFA Homebuyer Down Payment Assistance Program (ECICOG) atiende a compradores de vivienda que compran en Condado de Benton, Iowa, Johnson, Jones, Linn, Washington, Iowa. El programa se dirige a áreas específicas: Eligible targeted communities across Benton, Iowa, Johnson, Jones, Linn, and Washington Counties; excludes Iowa City, Hills, Cedar Rapids, Marion, Fairfax.

Las solicitudes de IFA Homebuyer Down Payment Assistance Program (ECICOG) se tramitan a través de East Central Iowa Council of Governments (ECICOG), with IFA and local housing trust funds, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Application with income documentation; Benton/Iowa/Johnson/Jones counties on waitlist; Linn County still accepting. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.