Mortgage & Home Loan Options
When choosing your new home, you spend a lot of time searching for the home with the right features you want. You should also take time to choose a home lender who will meet your unique needs. At Iowa State Bank, our focus is on building a relationship with you and working with you to provide the right home loan for you and your family. It’s important for you to know you have options when it comes to choosing your lender, and we’re ready to put our experience and customer-first approach to work for you. If you’re interested in starting your home lending process, please click the button below to access our Mortgage Center and start your online application.
Our Home Loan Offerings
Loan Type | Loan Details |
|---|---|
Fixed-Rate Loan | This is a great option for borrowers who intend to live in their new home for longer than 10 years and want to be able to budget the same payment amount throughout the loan’s term. |
Adjustable-Rate Loan | A solid option for borrowers looking to live in their home less than 10 years, who want to take advantage of a lower rate early in the loan’s term. |
First-Time Homebuyer Loan | These loans are focused on helping first-time home buyers overcome some of the barriers to getting their loan, including reduced down payment requirements. |
| Mortgage Rate Relief | FHLB Des Moines | Available to home buyers or existing homeowners earning up to 80% of area median income (AMI), as determined by the Federal Housing Finance Agency's Underserved Areas Data. All owner/occupant's income must be considered when determining your eligibility for this interest rate reduction product. This includes any income you may have above what is used to qualify for the mortgage loan. Qualified applicants will receive an approximate 2% interest rate reduction below the current market rate. This interest rate reduction only applies to 30-year fixed-rate mortgage loans. |
VA Loan | These loans allow veterans to take advantage of exclusive benefits. |
Construction Loan | These loans are available to borrowers looking to build their dream home from the ground up and cover the costs associated with their new home’s construction. |
Home Equity Loan | A closed-end loan using the equity in your home. For homeowners who want to finance a one-time expense, such as home improvements, education expenses or bill consolidation. |
Home Equity Line of Credit | A revolving line of credit that you draw on as needed. Use the equity in your home to use for expenses using an established credit limit. |
Helpful Home Loan Hint
If you're applying for a home loan, having a current pay stub or your previous year's W-2 form is helpful. If you're self-employed, substitute one to two years' tax returns.
