|
Contact
local realtors....
USDA Rural
Development
(712) 243-2107
rurdev.usda.gov/ia/rhs
Direct 502 Loan:
Obtained directly from Rural
Development, not a bank. 100% financing with
subsidized interest for very low and
low-income families. May involve some
closing costs.
Guaranteed 502 Loan:
No down payment. Paperwork
done through local lender and forwarded to
USDA for guarantee, which is equivalent to
having the USDA co-sign for the loan.
May involve some closing costs.
Iowa
Finance Authority
(515) 242-4990
ifahome.com
Available first time home
buyer programs, competitive interest rate
with First Home Plus Grant for down payment
and closing costs.
|
