For Lenders & Realtors

Consumers rely on real estate professionals and lenders to provide information and assist them during the home purchase process. IFA Participating Lenders are expected to answer borrower questions about available programs, complete the required loan and bond documents and keep the borrower apprised of the loan status. Specific lender responsibilities include:

• Completing applications for FirstHome and FirstHome Plus loans
• Registering FirstHome and FirstHome Plus loans to lock in the interest rate and reserve funds
• Providing timely completion of required loan and bond documents
• Submitting the loan to the master servicer for purchase

Current Interest Rates

Programs
FirstHome & FirstHome Plus
Homes for Iowans (formerly known as "Expanded Market")
Military Homeownership Program

Become an IFA Participating Lender
We welcome you to become a part of our network of hundreds of lenders across the state that provide affordable financing to Iowa home buyers. Becoming an IFA participating lender is easy. Please review and complete the IFA Participating Lender Criteria and Mortgage Origination Agreement. The forms may be submitted to:
Irene Hardisty, Iowa Finance Authority
2015 Grand Ave.
Des Moines, Iowa 50312

Resources
QUICK CHECK: Eligibility Tool
IFA Homeownership Programs Flyer   Customizable version
Recapture Tax Brochure    Customizable version
Single-Family News Updates
Cooperative Advertising Program
FirstHome & FirstHome Plus Loans Purchased, CY 2008 
FirstHome & FirstHome Plus Loans Purchased, CY 2009
Guide to Accessing FirstHome information from USBHM MRBP Manual
IFA Mortgage Program Forms 
Title Guaranty Documents
USBHM – MRBP Manual

Presentations
DO/DU Underwriting Execution
FHA 203ks in FirstHome Program 
IFA Program Compliance
Lender Online
IFA Program Closing Guide
IFA Homeownership Programs
Title Issues & TG Guidance
USBHM Underwriting & Delivery
USBHM Quick Reference
USDA

More information
For more information about the Iowa Finance Authority's single-family programs please contact  Irene Hardisty, 800.432.7230.