Iowa Mortgage Rates
The Hawkeye state is truly America's heartland, with rolling hills, deep valleys, verdant forests, and of course, thousands of acres of farmland and agricultural lands.

Amid the scenic beauty of Iowa you can also find several hot spots like its capitol City, Des Moines, Iowa City and Cedar Rapids, Davenport, and Sioux City.

The State of Iowa offers homeowners and potential buyers a large selection of housing choices.  The lenders in the state also offer many programs for those who wish to attain a mortgage at the attractively low mortgage interest rates.

Homeownership Education and Current Mortgage Rates in Iowa
The Iowa Home Ownership Education Project (IHOEP) is a non-profit group which has been educating potential homeowners for over 10 years.  IHOEP offers programs to teach buyers everything from the process of buying a home, how mortgage rates can affect your payments, and how you can tap into government programs to get assistance with down payments and closing costs.

IHOEP also provides assistance to those who may be have fallen behind in their mortgage payments, by offering financial counseling and education on how to refinance or get a loan modification.

Special Iowa Mortgage Loans and Down Payment Assistance
The Iowa Finance Authority is a government agency which assists homebuyers throughout the state.  Their goal is to help Iowans to achieve the American dream of homeownership through lending partners with programs like:

• The First Home Program –offers qualified first-time home low IA mortgage rates with no origination fees or discount points
• The First Home Plus Program – provides cash assistance to help with closing costs, down payment, or minor repairs for first-time home buyers.  There are qualifying guidelines, but those who are eligible receive great IA mortgage rates.

Even though both programs were developed for first-time homebuyers there are situations where even those who have owned a home previously can apply.
Iowa Finance Authority extends the same benefits to members of the military with Military Service Member Homeownership Assistance Program.  With this program, Military members have access to attractive mortgage rates, down payment assistance, and closing costs for Iowans that have served 90 days active duty since September 11, 2001, or is a federal status injured service person having served in active duty since September 11, 2001; or is a surviving spouse of an eligible service person, all who have served honorably.

The federal home tax credit can be used in conjunction with either the First Home or First Home Plus program, allowing more Iowans to take advantage of this attractive home financing offer.