Blog

The Average Cost to Buy a Home in Cedar Rapids

Are you moving to the Cedar Rapids area and entering the market to find your dream home? Here at Residential Mortgage Network, we have been offering residents of Cedar Rapids home loans since 1987, and are ready to lend some guidance! A Little Background on Cedar Rapids Living Cedar Rapids is the second-largest community in…

Understanding the $5000 Military Homeownership Assistance Program

Every November, we take time to honor the many servicemen and women who’ve worn the uniform of our armed forces. As veterans, they’ve earned our gratitude and respect. Their service has also earned them access to various veterans’ benefits, which includes home loan guarantees from the Department of Veterans Affairs (VA). This $5,000 grant for…

Refinancing Your Home: The Pros and Cons

Interest rates are at a historic low and buyers are taking advantage. It’s also the perfect time to refinance! Can’t decide whether or not you should refinance? Take a look at the pros and cons: Pros: Lower Monthly Payment or Loan Term Those who are refinancing now are cutting their monthly mortgage payments by hundreds…

Tips for First Time Home Buyers During A Pandemic

Buying your first home is one of the most exciting and rewarding journeys in life, but can also be a little scary and overwhelming, especially during a pandemic. Because the housing market has seen enormous growth due to historically low-interest rates, many individuals are looking to buy, sell, or refinance their homes this year during…

Tiny Treasures: The Tiny Home Movement

Ever heard of something called the tiny home movement or tiny homes in general and wondering what this entails? We’re going to give you the rundown on all things pros and cons about tiny homes. It’s The Little Things The first thing to know about the tiny home movement is that it follows a social…

Cedar Rapids Home Loans

Residential Mortgage Network has been offering the residents of Cedar Rapids home loans since 1987. We can finance properties anywhere in Iowa and have offices located in Iowa City and Cedar Rapids. Our owner, Rick House, started the company to offer all loan options to buyers in the Cedar Rapids market. We are currently building…

Iowa City Home Loans

Residential Mortgage Network has been offering Iowa City home loans since 1987. We can finance properties anywhere in Iowa and have offices located in Iowa City and Cedar Rapids. Our owner, Rick House, started the company to offer all loan options to buyers in the Iowa City market. We are currently building a new office out…

4 Reasons to Work with RMN for Your VA Loan

After 75 years, VA loans continue to be an amazing home financing option for veterans and current military members who qualify. We are proud to provide VA loans in the state of Iowa and encourage any who qualify to talk to us – even if you’ve been pre-approved with a different lender. You may be…

Get Fixed Rate Financing for Your Condo

Financing for a condo is different than financing for a single family home or a zero lot line. For example, some lenders will only offer an adjustable rate mortgage if you’re purchasing a condominium – which could cost you more in the long run! Discover why RMN believes in offering fixed rate mortgage for condo…

Working with the Right Lender for Your RD Loan

The Rural Development loan program is an important part of the Iowa housing market. RD loans are a great option for anyone moving into a community of 20,000 or less and the program is near and dear to our hearts. Because of this we have many, many years of experience processing and underwriting Rural Development…