Mortgage Loans in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Mortgage Loans

Your Homebuying Journey Starts Here

FSB offers various mortgage options to suit your needs and local support to help you through the process. Take the first step and get preapproved today!1

FSB's Featured Mortgage Loans

Find the perfect mortgage loan tailored to your needs with FSB.1

Icon for 30-year fixed rate mortgage loan in Cedar Rapids, Iowa

Fixed-Rate 30-Year Mortgage

Lock in your rate & enjoy predictable payments with terms up to 30 years. Learn more.

30-Year Fixed
6.500%
Interest Rate†

Icon for FSB's VA Mortgage Loan in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Veteran Affairs (VA) Loans

Exclusive benefits for veterans and active service members.
Learn more.

30-Year Fixed
6.625%
Interest Rate†

Icon for 15-year fixed rate mortgage loan in Cedar Rapids, Iowa

Fixed-Rate 15-Year Mortgage

Lock in your rate & enjoy predictable payments with terms up to 15 years. Learn more.

15-Year Fixed
6.250%
Interest Rate†





































Compare Your Mortgage Loan Options

Loan type
Key benefits
 Perfect for homebuyers that...
Fixed-rate loans
- Fixed interest rates for the life of the loan
- Terms up to 30 years
- Plan to stay in your home long-term
- Have an established credit score
Adjustable-rate loans
- Lower initial fixed rate
- Adjustable rate after the initial term
- Plan to move/refinance before the rate adjusts
- Have an established credit score
Construction loans
- Interest-only payments during construction
- Converts to permanent financing
- Funds paid to builders with your approval
- Are building a new home
- Want flexibility during the construction process
FHA loans
- Down payments as low as 3.5%
- Flexible qualification requirements
- 100% gift funds allowed
- Have limited cash for a down payment
- Have less-than-perfect credit
- Have a higher debt-to-income ratio
VA loans
- Low or no down payment
- No Private Mortgage Insurance requirements
- Flexible qualification requirements
- Are an active military member or veteran
- Are the surviving spouse of a service member who died as a result of military service
USDA loans
- 100% financing available
- Flexible credit guidelines
- Are buying a home in a USDA-eligible rural area
- Have limited down payment funds
IFA loans
- Fixed-rate 30-year financing
- Lower down payment options
- 3% down payment can be gift funds
- Are an eligible homebuyer in Iowa
- Have limited cash for a down payment

Mortgage Loan Checklist

When applying1 for a mortgage loan, you'll need:

Icon for Bank Statements - A requirement when getting a mortgage with FSB in Iowa

Two Most Recent Bank Statements
Icon for Proof of Income - A requirement when getting a mortgage with FSB in Iowa

Proof of Income
Icon for Tax Returns - A requirement when getting a mortgage with FSB in Iowa

W2 or 1099 & 2 Years of Tax Returns

Ready to Get Started?

Jason made buying our first home easy by answering all our questions. We’re excited to work with FSB for future loans!
- Drew M.

Ready To Get Preapproved?

Getting preapproved takes only 5 minutes and provides you with the financial backing of FSB when submitting an offer. Apply online1 to get preapproved today, or contact a lender for personalized guidance!

Apply Online Contact a Lender

New Customer Checking Account Bonus in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more).

Take Your Money to the Next Level

New checking account customers can earn a $250 cash bonus2 by opening an eligible checking account with direct deposit. Plus, enjoy up to $350 off closing costs2 with an FSB Mortgage.

New Customer Bonus