fbpx

Waterloo Down Payment Assistance Program

Iowa

Available Assistance

The Waterloo Down Payment Assistance Program provides applicants with assistance funds via a forgivable, second mortgage. If an applicant chooses to sell the home in under five years, the loan amount is recaptured and used to replenish the loan fund.

Eligibility Requirements

To be considered eligible for the Waterloo Down Payment Assistance Program, all applicants must meet certain requirements. They must have established residency in Waterloo for at least one year, and their annual household income may not exceed 80 percent of the area median income (limits shown below). Applicants must be first-time homebuyers (those who have no ownership in a home or title to a mortgage within the last three years) and they may not own any other residential property.

Property Guidelines

Household income is defined as all income received by household members (18 years or older) who will be living in the home, even if they are not on the mortgage. 1 person household - $39,1502 person household - $44,7503 person household - $50,3504 person household - $55,9005 person household - $60,4006 person household - $64,8507 person household - $69,3508 person household - $73,800

5000150002500035000550006500075000850009500105001150012500135001450020500215002250023500255002650027500285002950031500325003350034500355003650037500385003950040500415004250043500445004650047500485004950050500515005250054500555005650057500585005950060500615006250063500645006550066500675006850069500705007150072500735007450075500765007850099501015010250103501045010550106501075010850109501105011150112501155011650117501185011950120501225012350124501255012650127501285012950130501315013250133501345013550136501375013850139501405014150142501435014450145501465014750148501495015050151501525015350154501555015650157501585016050161501625016350164501655016650167501685016950170501715017350174502015020650207502085021050211502125021350214502165021750218502195022050222502235022550226502275022850229502305023150232502335023450235502365023750238502395024050241502425024350244502465024750248502495025050251502525025450255502565025750258502595026150262502635026450265502665026850269502715027250273502745027550276502775027850301503025030350304503055030650307503085030950310503115031250313503145031550316503175031850319503205032150322503235032450325503275032850329503305033150332503335033450335503365033950340503595036050361503625036350364503675036850369503805038150391503925039350394503955039650398504015040250420504215042350424504265042750428504305043150432504335043450435504365043850439504405044150444504465044750448504495045050451504525045350454504555045650457504585045950460504615046450465504665046750468504695047050471504725047350475504765047750478504795048050481504825048350484505015051050511505145051550516505175051850519505205052150522505235052450525505265052750528505295053050531505325053350535505365053850539505405054150542505435054450545505465054850551505525055450556505575055850559505605056150562505635056550566505675056850569505705057150573505745057550576505775057850579505815058250583505855058650588505905059150592505935059450595505975059850599506015060250603506045060550606506075060850609506115061250613506145061650619506205062150622506235062450625506265062750628506295063050631506325063350634506355063650638506415064250643506445064550647506485064950650506515065250653506545065550657506585065950660506615066250664506655066650667506685066950670506715067250673506745067550676506775068050681506825070150702507035070450707508015083050831508335083550836508375083950840508415084250843508455084650847508485084950851508535085450857508585085950860508615086250863508645093650940509475095050980509815098250983510015100251003510045100551006510075100851009510105101151012510145101551016510185101951020510225102351024510255102651027510285102951030510315103351034510355103651037510385103951040510415104451045510465104751048510495105051051510525105351054510555105651058510605106151062510635110151102511035110451105511065110851109511115120151230512315123251234512355123751238512395124051241512425124351244512455124651247512485124951250513015133151333513345133851340513415134251343513455134651347513505135151354513555135751358513605136351364513655136651401514305143151432514335143651439514405144151442514435144451445514465144751448514495145051451514525145351454514555145851459514605146151462514635146551466514675150151502515035151051520515215152351525515265152751528515295153051531515325153351534515355153651537515405154151542515435154451545515465154851549515505155151552515535155451555515565155751558515595156051561515625156351564515655156651570515715157251573515755157651577515785157951591515935160151603516305163151632516365163751638516395164051645516465164751648516495165051651516525165351654516565200152002520035200452030520315203252033520355203652037520385203952040520415204252043520445204552046520475204852049520505205252053520545205652057520605206452065520665206852069520705207152072520735207452075520765207752078520795209952101521325213352134521355213652140521415214252144521465214752149521515215452155521565215752158521595216052161521625216352164521655216652168521695217052171521725217552201522025220352204522055220652207522085220952210522115221252213522145221552216522175221852219522205222152222522235222452225522275222852229522315223252233522355223652237522405224152242522435224452245522465224752248522495225152252522535225452255522575230152302523055230652307523085230952310523125231352314523155231652317523185232052321523225232352324523255232652327523285232952330523325233352334523355233652337523385233952340523415234252344523455234652347523485234952351523525235352354523555235652358523595236152362524015240252403524045240552406524075240852409524105241152497524985249952501525305253152533525345253552536525375254052542525435254452548525495255052551525525255352554525555255652557525605256152562525635256552566525675256852569525705257152572525735257452576525775258052581525835258452585525865258852590525915259352594525955260152619526205262152623526245262552626526275263052631526325263552637526385263952640526415264252644526455264652647526485264952650526515265252653526545265552656526575265852659526605270152720527215272252726527275272852729527305273152732527335273452736527375273852739527425274552746527475274852749527505275152752527535275452755527565275752758527595276052761527655276652767527685276952771527725277352774527765277752778528015280252803528045280552806528075280852809

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Get Pre-Approved Today With A Lender That will WORK FOR YOU!

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Get Your FREE Credit Score!

Confirm your credit scores to get your grant results, absolutely free and no effect on your credit.

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Get financial support for you and your family!

Be sure to take advantage of exclusive resources and benefits for you and your family below!

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

See your state housing grant programs!

There is plenty of money available to help pay for rent, bills, and utilities.

0%
You Are Almost There! Thanks For The Support ๐Ÿ˜„

Find Business and Education Grants!

There are plenty of govt grants to pay for a new business or education.

0%
You Are Done! Thanks For The Support ๐Ÿ˜„

Here are your Results!

Learn more about your state’s grant programs or go back to take advantage of today’s offers and benefits! Also be sure to check your email daily for our exclusive money hacks and newsletter updates.