Choosing the best loan option during the home buying process is important - that's why we are here to guide you.  This may be different from the best program for your neighbor, cousin or anyone else you know that has recently gotten a loan.  We pride ourselves in fixed rate financing so your loan is secure.  

Here is a just a brief snapshot of the loan programs we offer.  There are literally thousands of options, rules and just plain crazy that we can get into once we know a little more about your situation.  When you are ready for more info, just contact one of our experienced loan officers

House

Rural Development Loans

These loans are also called USDA Guaranteed Loans because the USDA provides the mortgage insurance (guarantee) on this product to the lender.  It is only available in 'rural' areas, which happen to be the vast majority of cities in the state of Iowa!  Areas with a population of less than 25,000 people qualify - if you are curious about your area, just ask! 

VA Loans

These loans are guaranteed by the Veteran's Administration for men and women who have served or are serving in our armed forces.  If you have at least 2 years of active duty service or 6 years in the National Guard or Reserves, you may qualify for this program.  Your loan officer can look at your DD 214 or NGB 22 and help you decide if you qualify. 

Conventional Loans

These loans typically require 5% down payment.  If you have less than 20% down payment Private Mortgage Insurance (PMI) is required. This can be paid monthly, dropping off once you get to 80% loan to value; or up-front as a lump sum.  Don't be scared of PMI!  It is less expensive with good credit and often keeps your interest rate lower. 

FHA Loans

These loans are guaranteed by the Federal Housing Administration and not limited to first time home buyers.  FHA loans also have monthly and upfront mortgage insurance.  This program requires 3.5% down payment.  There are still credit requirements, but it is typically more lenient than other loan programs.