The Iowa Finance Authority (IFA) is pleased to announce that eligible home buyers using conventional financing may now benefit from $1,500 in closing cost assistance.
The grant will be rolled-out on Monday, June 26 as part of the
as yet another incentive for Iowans to purchase homes this summer.
The program will be available to lenders beginning at 8:00 a.m. on Monday. If your borrower meets the closing cost assistance income eligibility, just check the box on the pre-close transmittal form.
The closing cost assistance may be coupled with IFA's other down payment assistance programs - which could translate to
a total of $9,000 in assistance if buyers are eligible for all programs!
The closing cost assistance is available for a limited time only and is expected to assist approximately 230 home buyers.