Mortgage Grants

The Home$tart Program is available to qualifying homebuyers earning up to 80% of the median income for their area based on Iowa HUD Income Limits which are adjusted based on household size.

Home$tart Recipients must also:

• Complete a homebuyer education class

• Qualify for a mortgage loan with FSB¹

• Become an FSB Customer

For specific grant availability and more detailed information on eligibility, visit FHLB Home$tart grant website or the FHLB Des Moines website.

Ready to Start the Mortgage Process?

Apply online¹ today or contact a lender to see how you can benefit from these programs.

The Iowa Finance Authority offers two programs designed to assist homebuyers with down payment and closing costs when used alongside the FirstHome or Homes for Iowans mortgage programs.

FirstHome Plus Program

The FirstHome Plus Program is available to eligible first-time homebuyers who are purchasing a primary residence in Iowa.

Homes For Iowans Plus Program

Available to both first-time and repeat homebuyers, the Homes for Iowans Program supports the purchase of a primary residence in Iowa.

Ready to Take the Next Step?

For more information on eligibility and program details, visit the Iowa Finance Authority's website.

Apply online¹ today or contact a lender to see how you can benefit from these programs.

The Military Homeownership Assistance Program is available annually to support service members, veterans, and their families for down payment and closing costs on a qualifying home purchase.

Eligibility Requirements

• Have served 90 days active duty between August 2, 1990 and April 6, 1991 or September 11, 2001 to present. Active duty needs not be consecutive; it may be cumulative; or

• Is a federal status injured service person having served in active duty between August 2, 1990 and April 6, 1991 or September 11, 2001 to present; or

• Is a surviving spouse of said eligible service person, all who have had a discharge other than dishonorable

Please contact FSB's Mortgage Department directly to check if funds are currently available for this year.

For detailed program guidelines and additional information, please visit the IFA website.

Ready to Get Started?

Start your application online¹ today or contact a lender for more information on how this program could help you.

The City of Cedar Rapids offers the First-Time Homebuyer (FTHB) Program, providing forgivable loans to assist with down payment costs for eligible households.

Eligible Homeowners Will Meet the Following Requirements:

• Be a first-time homebuyer

• Be income eligible — including income, assets, debt ratio calculations

• Purchase an eligible property

• Secure acceptable mortgage financing