Program Open - 3/6/2023
The First Time Home Buyer program opened for new applications on Monday, March 6, 2023, at 8am. The application is available through an online portal site, click here to go to the application portal and select "First Time Home Buyer Program". Paper applications will be available upon request; however, applicants are encouraged to use the online portal to avoid delays.
Funds are available on a first come, first served basis, and applications will be reviewed in order. Additional details can be found in the Document Section below, including the brochure, presentation, and frequently asked questions documents.
The FTHB program provides $1,000-$14,999 in down payment and closing cost assistance to eligible buyers. The assistance is forgivable after 5 years.
- Be a first-time buyer
- Meet the income requirements
- Purchase an eligible property
- Meet debt and mortgage criteria
Income Limit Chart (Updated 6/15/22)
Frequently Asked Questions
Income and Asset Document Checklist
Funding Status - N/A
Applications Received: -
Applicants are required to complete a HUD-approved home buyer education course before applying. Locally, Horizons offers an on-line homebuyer education course that is HUD-approved, but applicants are able to go through any agency they choose. However, it must specifically state the homebuyer education course is offered by a "HUD-approved" counseling agency in order for it to meet the requirements of the First Time Home Buyer program. Please note: the Fannie Mae Homeview Course does not meet the program requirements.
- For more information about the funding source: HUD Website
- For a local HUD-approved homebuyer education provider: Horizons Website
- For more information about the mortgage lending regulations: Consumer Financial Protection Bureau Website
Homeownership Program Coordinator
Phone: (319) 286-5874
Fax: (319) 286-5870