At Iowa Bank, we believe in making your dreams come true. For most people, purchasing a home is probably the largest investment you'll make. At Iowa Bank we offer a variety of mortgage loan options to assist you in achieving your dreams. You can depend on our friendly and knowledgeable loan officers to help guide you through the mortgage selection process. Your loan is serviced "in-house" by Iowa Bank - people you know and who care about your financial success.
Low Down Payment/Low Fees!
Iowa Bank offers real estate loans with very low down payments. Iowa Bank can get you in your dream home even if you don't have a large down payment and our fees and closing costs are among the lowest in the area!
Mortgage Loan Options
Iowa Bank's real estate loan officers will help you select the mortgage loan which best meets your financial goals. We have many options available, including:
Fixed Rate Loans
These loans can be used to purchase your dream home, consolidate debt into one easy monthly payment or finance home improvements. Your real estate loan interest rate will not change over the term you choose. Loans can be amortized to keep the monthly payment in line with your budget. Our fees and closing costs are among the lowest in the area! At the end of the fixed rate period the remaining balance may be refinanced at the then current interest rate.
When you're ready to build your dream house let Iowa Bank help with a construction loan! You only pay interest each month on the outstanding balance borrowed. Advances are easy - by phone or in person. After construction is completed, Iowa Bank can arrange permanent financing.
Easy Equity Home Loans
A Home Equity loan from Iowa Bank allows you to use the value you've built up in your home to provide you with available credit for use when and how you please - at a rate lower than most consumer loans.
With an easy equity loan you can use the proceeds for college tuition, new auto purchase, home improvements, vacations and the list goes on. Plus, the interest may be tax deductible (please consult your tax advisor for specific tax advantages). Different options are available depending on the amount of equity you have in your home.