Housing Partnership/Homebuyer Assistance


First Time Buyer smallThe City of 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 $25,000 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, print an application here. 

View the income guidelines below:
CD income 

What are the Home Buyer Education Classes?
Home Buyer Education classes can be completed at https://family-finance.org/ at your own pace for a fee of $100.  Participants will then need to contact Family Management to complete a one on one counseling session.  Certificate of completion of these classes is required in order to receive down payment assistance.  

Contact Information
Community Development
620 Mulberry Street
Waterloo, IA 50703
Phone: (319) 291-4429
Fax: (319) 291-4431
Office Hours: Monday-Friday, 8:00am-5:00pm