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21
$3,500 in Down Payment Assistance is now available for Qualified Iowa Home Buyers
Homes in our areas are now eligible for a greater amount of assistance towards making a down payment. Homebuyers, who use the Iowa Finance Authority's FirstHome and FirstHome Plus program to purchase a home through the end of the year, may qualify for up to $3,500 in down payment assistance. This is an increase of $1,000 above the normal amount of $2,500. "One of the biggest barriers facing Iowa homebuyers is coming up with the cash for the down payment," said Lt. Gov. Kim Reynolds in a press release. "The Iowa Finance Authority has recognized that need and has implemented this $1,000 bonus for a limited time to help home buyers realize their dream of homeownership." The FirstHome Plus Program provides targeted assistance in certain neighborhoods in the communities we serve, such as Davenport, Dubuque and Iowa City. The homebuyer may be a first-time or repeat homebuyer and must meet federal income limits by county. In addition the home purchase price must fall below $289,000. In all other parts of the state, eligible home buyers must meet the federal income limits for the county, the purchase price of the home may be no more than $247,000 and the buyer must be a first-time home buyer or a Veteran within 25 years of active duty and have not used a mortgage revenue bond program to purchase a home in the past to be eligible. For more information and to see if you qualify, visit www.IowaFinanceAuthority.gov. Today, Ruhl&Ruhl REALTORS, the residential company, annually sells nearly 3,800 homes in eastern Iowa, western Illinois and southwestern Wisconsin and is the largest privately-owned real estate company in Iowa. Headquartered in Davenport, Iowa, the company has 275 sales associates and 50 employees based in sales offices located in Bettendorf, Burlington, Cedar Rapids, Clinton, Coralville, Davenport, DeWitt, Dubuque, Maquoketa, and Muscatine, in Iowa, and in Moline, Illinois. In addition to residential sales, Ruhl&Ruhl offers services in relocation, new home sales, farm and land sales, senior services, real estate investment, mortgage services through 1862 Mortgage and insurance services through the Nelson Ruhl Agency. For more information on Ruhl&Ruhl, visit their website at www.RuhlHomes.com.
