10/06/2026
🏡 Changes are coming to IFA’s down payment assistance options.
Beginning November 2, 2026, new loan reservations will have two second mortgage assistance options:
🔑 NEW: 3% Second Mortgage — up to 3% of the purchase price, up to $10,000
🔑 UPDATED: 5% Second Mortgage — up to 5% of the purchase price, up to $15,000
Both options can be used toward eligible down payment and closing costs, with no monthly payments required. The Plus grant will also be discontinued for new reservations beginning November 2.
Whether you're preparing to buy your first home or helping an Iowan get there, make sure you know what’s changing.
Learn more about the upcoming updates: https://bit.ly/4zhz82s