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How First-Time Home Buyers Can Benefit from the MCC

If you bought your first home this year – or are thinking of buying your first home – you need to know about the Mortgage Credit Certificate program! The Mortgage Credit Certificate (MCC) Program provides first-time home buyers with a tax credit based upon the interest paid each year. Here’s everything you need to know…

What to Expect at Your Closing

Once you’ve submitted a bid on a home – and had it accepted! – the hardest part of buying your new home is done. The process will take just a few weeks and we will help! But what does that mean? Your home closing is a meeting that takes place once all negotiations, paperwork, and…

Buying a Rural Home? Consider a USDA Rural Development Loan!

The USDA Rural Development program is one of our most asked-about loan programs. With eligible towns in all 99 counties in Iowa, it’s not hard to see why! Learn more about the many benefits of a Rural Development loan. USDA Rural Development Requirements USDA Rural Development loans are available to buyers looking to purchase a home in…

All About the $5000 Military Homeownership Assistance Program

Did you know there’s a $5,000 grant for down payment and closing cost assistance available to eligible service members and veterans? The $5000 Military Homeownership Assistance Program comes with no strings attached, and any eligible homebuyer should take advantage of it regardless of circumstance. The key is finding a participating lender who offers and encourages…

Discover the Home Ready Program

Did you know there is a conventional fixed rate loan that requires only 3% down? Learn more about this loan program that can be used for condos, single family homes and zero lot lines. Interested in learning more about the home loan programs available? Work with us to get the best home loan program for…

6 Great Benefits of the VA Loan Program

Have you been discouraged from pursuing the VA loan program? Unfortunately, many lenders don’t encourage the VA loan program for eligible veterans and active-duty military, even though it is almost always the best loan option. Discover why lenders discourage VA loans, the benefits of the VA loan program, and why we always encourage them! Why…

Who Is Residential Mortgage Network?

Learn more about the Corridor’s only independent mortgage bank! Mortgage Banks like RMN are the primary outlet for loan programs like rural development and VA, which can save borrowers thousands of dollars. Interested in working with an independent mortgage bank for your home loan? Work with us to get the best home loan program for…

Working with a Realtor vs FSBO

In the DIY world we live in, more and more people are opting for FSBO (For Sale By Owner). Many people believe that they can save money by not using a Realtor, however that may not be the case! Discover the benefits of working with a Realtor vs FSBO when selling and buying a home.…

Benefits of an Independent Mortgage Bank

The following article from National Mortgage News illustrates how Independent Mortgage Banks, like RMN, are the primary outlet for loan programs like rural development and VA loans, which can save credit worthy borrowers thousands of dollars compared to the alternative of an adjustable rate mortgage offered by a traditional bank. Read on to see why it’s important…

Financing a Condo with RMN

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 purchases. Fixed…