Finance
In Iowa, the Iowa Finance Authority (IFA) offers which type of assistance to eligible homebuyers?
AFree property tax exemptions for 10 years
BBelow-market interest rate mortgages and down payment assistance programs✓ Correct
CGrants that do not need to be repaid for any Iowa homebuyer
DGuaranteed loan approvals regardless of credit history
Explanation
The Iowa Finance Authority (IFA) administers programs that provide below-market interest rate mortgages and down payment assistance to eligible Iowa first-time homebuyers and other qualified purchasers, making homeownership more affordable.
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