The interest rate for the state’s first-time homebuyer program has hit an all-time low of five-point-one-two-five (5.125) percent. In addition, the “FirstHome” program this month is offering an extra five-hundred dollars to help with downpayment and closing costs — for a total of 15-hundred dollars for those upfront costs. Mike Tramontina runs the Iowa Finance Authority which administers the program through about 300 Iowa banks and savings and loans.About two-thousand Iowa families will get a loan this year through the “FirstHome” program according to Tramontina. He says the average income of the families who participate is 36-thousand dollars; the average mortage is about 70-thousand dollars. Tramontina says there are no points and no fees on the loans. Tramontina says with the additional five-hundred dollars for a downpayment and closing costs this month, low and moderate income Iowans have an outstanding opportunity to buy a home,