Northwest Iowa — A new state program offers help with the downpayment for folks looking to buy a home.
The new “Hashtag Own It Iowa” (#OwnItIowa) program is sponsored by the Iowa Finance Authority and the Iowa Association of REALTORS®. The program offers $1,500 in closing cost assistance with conventional loans. Iowa Finance Authority Executive Director Dave Jamison says it also offers $5,000 in assistance for eligible service members and veterans, and the chance for anyone to win $2,500 in cash.
Jamison says in designing the program, they worked to meet the needs of both low, and middle, income Iowans, many of whom might be surprised that they’re eligible for assistance.
Lieutenant Governor Adam Gregg explains the contest for the $2,500.
Gregg says the contest is designed to make everyone aware of the assistance program.
The contest runs through August 31st. Iowa Association of REALTORS® C-E-O Gavin Blair says the competition for homes has heated up with number of days a home is on the market in Iowa near a record low. He says that means potential home buyers need to be armed with information when they go out to look for a home.
For more information about these programs, visit IowaHouseHunt.com.
