Fixed-Rate Mortgage Loans
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- Rates locked for the life of the loan
- Predictable, consistent payments for easier budgeting
- 15- or 30-year terms available
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Adjustable-Rate Mortgage Loans (ARM)
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- Lower initial fixed rate
- Adjustable-rate after the initial term
- Beneficial if planning to move or refinance before the adjustment period
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Construction Mortgage Loans
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- Available to homebuyers building a new home
- Interest-only payments during construction
- Funds directly to builders with your approval
- Converts to permanent financing post-construction
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Federal Housing Administration (FHA) Loans
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- Flexible qualification guidelines including lower credit scores and higher debt-to-income ratios
- Low down payment as low as 3.5%
- 100% gift funds acceptable for down payment and closing costs
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Veteran Affairs (VA) Loans
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- Available to eligible service members and veterans
- No private mortgage insurance requirements
- Less than perfect credit can apply
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U.S. Department of Agriculture (USDA) Loans
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- Available to eligible homebuyers in USDA-defined rural areas
- 100% financing option available
- Flexible credit guidelines for less than perfect credit
- Great rates and terms better than FHA or conventional loans
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Iowa Finance Authority (IFA) Loans
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- Available to all eligible Iowa homebuyers
- Fixed-rate 30-year financing
- 3% down payment can be gift funds
- Lower or no private mortgage insurance options
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FDIC Insured - Backed by the full faith and credit of the U.S. Government.