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Compliance manual 2017 edition - Iowa Finance Authority

Compliance manual 2017 edition - Iowa Finance Authority-2026

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The document outlines the parameters of homeownership programs offered by the Iowa Finance Authority (IFA), detailing eligibility requirements, income and purchase price limits, property types, and available mortgage products. It specifies conditions for first-time homebuyers, including income verification and documentation needed for funding approval. The document also includes information on grant funding options to assist with down payment and closing costs, as well as guidelines for lenders regarding fund reservations and rate locks.

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Click ‘Get Form’ to open the compliance manual in the editor.
Review the income limits and purchase price limits for the FirstHome/FirstHome Plus programs. Ensure you understand the eligibility criteria based on your financial situation.
Fill in your personal information in the designated fields, including income details and property address. Make sure to provide accurate data as it will determine your eligibility.
Refer to the required verification documentation section and gather necessary documents such as pay stubs, tax returns, and any other relevant financial information.
Once all fields are completed, review your entries for accuracy. Use our platform's editing tools to make any necessary adjustments before finalizing.
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What does the Iowa Finance Authority do?

The General Assembly created the Iowa Finance Authority in 1975 as a public instrumentality and agency to undertake programs that help working-class Iowans attain and maintain safe, decent, and affordable housing.

Who is the executive director of the Iowa Finance Authority?

Debi Durham. Ms. Durham serves as the Director of both the Iowa Finance Authority and the Economic Development Authority. She was named to the position by Governor Kim Reynolds in January 2019.