Iowa Military Homeownership Assistance Program
Iowa Finance Authority (Opportunity Iowa)
Program Overview
Iowa recognizes the service and sacrifice of military members and veterans. Provides additional grant funds up to $5,000 for down payment and closing cost assistance. Military members can use FirstHome even if they've owned before, removing the first-time buyer requirement. Priority access through dedicated funding pool. As of January 1, 2026, $795,000 in funds remain available for fiscal year 2026.
Eligibility Requirements
• Must be active duty military, veteran, or National Guard member\n• Discharge must be other than dishonorable\n• Can be combined with FirstHome or Homes for Iowans programs\n• Subject to income and purchase price limits\n• No first-time homebuyer requirement for military members
Additional Requirements
• Proof of military service\n• Honorable or general discharge documentation\n• Must be combined with IFA mortgage program
How to Apply
1. Contact an IFA participating lender\n2. Provide documentation of military service\n3. Apply for FirstHome or Homes for Iowans program\n4. Request Military Homeownership Assistance add-on\n5. Lender processes combined application\n6. Receive up to $5,000 additional assistance at closing