Military Homeownership Assistance Program

Military Homeownership Assistance Program This Iowa down payment program eligible service members and veterans can receive a $5,000 grant to assist with a Iowa down payment or closing costs. The grant can be used with a qualifying mortgage or cash purchase. To be eligible, Iowa borrowers must have had an honorable discharge or be the surviving spouse of such an individual. Service members can purchase a single family residence which includes stick built homes, modular or manufactured homes attached to a permanent foundation, condominiums, town homes and properties containing up to four units where one unit will be used as the service member’s primary residence.