Iowa Finance Authority (IFA)
Government Institution
The Iowa Finance Authority (IFA), established in 1975, is dedicated to providing Iowans with access to affordable homeownership options. By issuing taxable and tax-exempt bonds, the IFA offers low-rate housing loans to eligible borrowers. These loans can be complemented by down payment and closing cost assistance programs. Beyond individual home loans, the IFA also supports community development through various initiatives, such as funding for water quality projects and more.
First Mortgage Programs Offered by Iowa Finance Authority (IFA)
Homes for Iowans FHA Program
Best For: Flexible Terms, First Time Homebuyers, Rate Reduction, Low Credit Scores, Lowest Rates, Easy Process
Affordable FHA loans with down payment assistance for Iowa homebuyers.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$472,030
OHFA FHA First Time Homebuyer Program
Best For: First Time Homebuyers, Low Down Payments, Lowest Rates
Flexible first mortgage option with competitive rates, designed to help Ohio first time homebuyers achieve affordable homeownership.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$548,250
IFA FirstHome FHA
Best For: First Time Homebuyers, Zero Down
The IFA FirstHome FHA program offers affordable fixed-rate mortgages and down payment assistance to eligible first-time homebuyers in Iowa.
Min. Credit Score
640
Min. Down Payment
3.5%
Max. Loan Amount
$524,225
IFA FirstHome VA
Best For: First Time Homebuyers, Zero Down
The IFA FirstHome VA program offers affordable fixed-rate mortgages and down payment assistance to eligible first-time homebuyers in Iowa.
Min. Credit Score
640
Min. Down Payment
0%
Max. Loan Amount
$806,500
See If You Qualify for Iowa Finance Authority (IFA) Loans
* ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by The Iowa Finance Authority (IFA) or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
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