June 6, 2023
New Income and Purchase Price Limits
The Iowa Finance Authority's updated income and purchase price limits are effective for new reservations on and after Thursday, June 8, 2023.

The purchases prices for both FirstHome and Homes for Iowans have increased.
Purchase Price: $481,000
Income: Varies by County
Purchase Price: $588,000
Income Limit: $161,560
The income limits will be updated on the MRB 01 buyer affidavit in Lender Online and on IFA's website on June 8. Please be sure to update your records accordingly.
Please note: Fannie Mae and Freddie Mac have also updated their 80% AMI income limits, the new limits are available below.
Please contact the Homeownership Team with questions.