FirstHome 2nd Loan

FirstHome 2nd Loan是面向Statewide，Iowa购房者的延期第二贷款。 FirstHome 2nd Loan is IFA's flagship FTHB down-payment assistance — a $5,000 deferred-payment, non-forgivable, 0% interest second mortgage paired with the FirstHome 30-year fixed first mortgage (FHA/VA/USDA-RD/Conventional). Designed for first-time homebuyers. 640 FICO; county-specific income and acquisition caps. FirstHome 2nd Loan provides up to $5,000 in down payment and closing cost assistance, structured as a 0% interest, non-forgivable second mortgage with NO monthly payments. The principal balance is deferred until the home is sold, refinanced, paid off, or no longer the primary residence (or until the first mortgage matures). Paired with the IFA FirstHome first mortgage (30-year fixed-rate FHA, VA, USDA-RD, or Conventional HFA Preferred/Advantage). Buyer cannot combine FirstHome 2nd Loan with the FirstHome Grant — must choose one. 资金来自State、HFA和Bond。

FirstHome 2nd Loan为延期还款，在房屋出售、再融资或第一抵押贷款还清之前无需付款。 触发还款的情形：Deferred for life of first mortgage和balance due on sale, refinance, payoff, transfer of title, or end of mortgage term。 该援助以2nd Lien顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

FirstHome 2nd Loan面向首次购房者和将房屋作为主要住所自住的购房者。 此处的“首次”有例外情况：First-time-homebuyer rule waived in IFA-designated federally targeted census tracts and for qualifying veterans (per federal MRB rules)。 关于信用，该项目说明：640 minimum FICO across all eligible loan products。 须参加购房者教育课程，由IFA-approved homebuyer education through Framework, Money Smart, or HUD-approved housing counseling agency; required for all FirstHome borrowers prior to closing.提供。 居住要求：Property must be located in Iowa and used as borrower's primary residence。 公民身份或移民身份：U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product overlays。 First-time homebuyer required (no homeownership interest in past 3 years); waived in IFA-designated federal targeted areas and for qualifying veterans. Minimum 640 FICO. Maximum 50% DTI. Property must be primary residence. Household income at or below IFA county-by-county published 2025/2026 limits (top tier ~$173,460 in targeted areas). Purchase price at or below IFA acquisition limit (top tier ~$665,000 targeted, ~$544,000 non-targeted). Must use IFA-approved Participating Lender. Homebuyer education required.

FirstHome 2nd Loan将家庭收入限制在$173,460。 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

FirstHome 2nd Loan将房价上限设为$665,000。 符合条件的房屋类型包括Single-family detached, condominium, townhouse, PUD, manufactured home (per first-mortgage overlays), 1-2 unit。 新建房屋符合条件。 预制房屋符合条件。

FirstHome 2nd Loan在其服务群体中提到了退伍军人、现役军人、预备役人员和国民警卫队成员和遗属配偶。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

FirstHome 2nd Loan服务于在Statewide，Iowa购房的购房者。 该项目针对特定区域：IFA designates federally qualified target areas (typically lower-income census tracts) where the first-time-homebuyer requirement is waived and income/acquisition limits are higher.

FirstHome 2nd Loan的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过IFA-approved lender reserves funds via IFA's Online Lender Portal at time of loan reservation; subject to bond/program funding availability.预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。