IA — Iowa
Iowa Mortgage Guide
Some of the most affordable home prices in the entire Midwest.
2024 Conforming Limit
$766,550
Avg 30yr Fixed Rate
6.80%
VA Friendly
No
First-Time Buyer Program
IFA FirstHome Program
Iowa offers down payment assistance (DPA) for qualifying buyers. Contact a participating lender or your state housing finance authority for current income limits and program availability.
Understanding Your Conforming Limit
The 2024 FHFA conforming loan limit for Iowa is $766,550. Loans at or below this amount qualify as conforming loans, which typically carry lower interest rates and require less documentation than jumbo loans.
Loans above $766,550 require jumbo financing, which typically requires a 10–20% down payment and a credit score of 700+.
Popular Loan Types in Iowa
Find a Iowa Lender
Compare rates from lenders licensed in Iowa — no commitment required.