Homebuyer Assistance Program
The Waterloo Community Development has designed the Homebuyer Assistance Program to help low to moderate-income eligible households with homebuyer and closing cost assistance to purchase their first home. Waterloo Community Development will provide up to a maximum of $10,000 in Homebuyer Assistance after seller concessions and lender credits. Funds are available on a first come, first served basis. The assistance is in the form of a 0% interest deferred forgivable loan. To participate , the borrower is required to provide a minimum contribution of $1,000 towards the purchase price of the home. Escrow funds, professional inspections, and other items paid outside of closing by borrower may count towards the borrowers minimum contribution.
To learn more, please click here to view the application.
View the income guidelines below:
What are the Home Buyer Education Classes?
Each session is a series of 4 classes and the fee is $20.00 per household. Participants learn important facts on how to buy a house. Completion of these classes is required in order to receive down payment assistance.
Covid-19 Rental Assistant Program
- Please contact the Jesse Cosby Center for rental assistance. You may be eligible if you can show that COVD-19 affects your ability to pay. https://www.needhelppayingbills.com/html/black_hawk_county_assistance_p.html
- Please contact Family Management for mortgage assistance. You may be eligible if you can show that COVD-19 affects your ability to pay. https://family-finance.org/
- Please contact Operation Threshold for utility assistance. You may be eligible if you can show that COVD-19 affects your ability to pay. http://www.operationthreshold.org/programs/black-hawk/liheap/
- Please contact Iowa Legal Aid for assistance with legal issues related to housing. . You may be eligible if you can show that COVD-19 affects your ability to pay. https://www.iowalegalaid.org/organization/iowa-legal-aid-waterloo-regional-office?ref=3bOpQ
620 Mulberry Street
Waterloo, IA 50703
Phone: (319) 291-4429
Fax: (319) 291-4431
Office Hours: Monday-Friday, 8:00am-5:00pm