Category: Why Choose RMN

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…

Read More

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…

Read More

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…

Read More

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…

Read More

We are a Banker NOT a Broker – So, What’s the Difference?

Residential Mortgage Network is a mortgage banker, not a broker. There are very distinct “operational” differences which impact the time it takes to obtain a loan approval, making it an important consideration to our customers and business partners. A mortgage banking company “makes the loan decision” and is burdened with the risk. A mortgage broker assigns the loan…

Read More

Santa Brings Coal to Lenders Who Don’t Underwrite In-House

Why is it such an advantage to work with a lender that underwrites VA, Rural Development and FHA home loans at their office? Simply put, RMN’s in-house underwriting allows us to close loans quicker and more smoothly than our competition. RMN’s entire lending staff is highly trained on the specific requirements of the VA, RD, and FHA loan programs.…

Read More

Closing: How Does RMN Get It Done in Only 2 Weeks?

Residential Mortgage Network, Inc. is a locally owned mortgage banking company. What separates us from other lenders is our ability to close your loan in just 2 weeks. How do we do it? All of our staff are on-site to process, underwrite, approve and close your home loan. We train our staff to keep things moving – we are efficient…

Read More