Coming Soon
Their First Home in Iowa Starts with You
A first home is more than a place to live—it’s a place to put down roots. FirstHome Iowa is a new savings and investment program being developed to help you save for a down payment on your own first home in Iowa—or help your child or grandchild prepare for theirs.
Just as families use 529 plans to save for education, FirstHome Iowa will offer a way to plan ahead for another important milestone. By helping families start saving early, the program aims to make homeownership more attainable and help the next generation build their futures right here in Iowa.
Be the First to Know When Enrollment Opens
Join our interest list to receive:
- Program announcements
- Launch updates
- Eligibility information
- Educational resources for future homeowners
- Important enrollment news
Helping Iowa’s Next Generation Build a Future Here
For young Iowans entering adulthood, the cost of a first home can make it harder to settle where their roots are. FirstHome Iowa is being developed to help make staying in Iowa—and building a life here—more attainable.
By giving parents, grandparents, and future homebuyers a way to save and invest toward a down payment, FirstHome Iowa turns planning today into opportunities for tomorrow. The goal is to help more young Iowans put down roots, raise families, and strengthen communities right here at home.
Program details are currently being finalized, and we look forward to sharing more information with you in the coming months.
A New Way to Save for a Future in Iowa
FirstHome Iowa is being designed to help individuals and families save and invest today for a first home tomorrow. While program details are being finalized, the planned features below support one shared goal: making it easier for the next generation to put down roots in Iowa.
Save for Their Future. Reduce Your Iowa Taxes Now.
Contributions to FirstHome Iowa may qualify for an Iowa income tax deduction—giving parents, grandparents, and individuals another reason to start saving for a future first home in Iowa. The deduction limit at launch will be $5,500 per account holder.
Invest Today for a Home Tomorrow
FirstHome Iowa is being designed to offer investment options that give savings the potential to grow over time—helping you prepare for your own first home or give your child or grandchild a head start.
Help Their Savings Go Further
Earnings on FirstHome Iowa investments will grow tax-deferred for Iowa income tax purposes—helping families build savings for a future first home in Iowa. Details on tax treatment and qualified withdrawals will be available as the program launches.
Administered by Iowa Treasurer Roby Smith
FirstHome Iowa will be administered by the Iowa Treasurer’s Office, building on its experience overseeing Iowa’s 529 education savings programs to help families save for another milestone: a first home in Iowa.
Built for Iowa. Invested in Their Future.
FirstHome Iowa savings are intended for a down payment on a first home in Iowa—helping the next generation put down roots and build their lives right here at home.
A Family Effort. A Future in Iowa.
Parents and grandparents can help lay the foundation for a loved one’s first home long before the house hunting begins. FirstHome Iowa is being designed to turn that support into savings for the next generation.
Who Should Join the Interest List?
Whether you’re saving for yourself or helping someone you love, join the FirstHome Iowa interest list if you’re:
- A parent planning ahead for your child’s first home in Iowa.
- A grandparent hoping to help your grandchild put down roots here.
- An individual looking to save for your own first home in Iowa.
- A family member interested in helping a loved one build a future in Iowa.
Be among the first to receive program details, eligibility information, and updates on when you can open an account.
Important note
FirstHome Iowa is intended only for the initial payment on a home in Iowa. Additional eligibility rules and qualified uses will be shared when final program details are available.
Program Timeline
Current stage: Today
Interest list opens.
Program Development
Program development and implementation continue.
Official Program Announcement
Program details, eligibility requirements, and enrollment information will be announced.
Launch
Eligible participants can begin opening FirstHome Iowa accounts.