Before you call
The questions people actually ask.
These come straight from real conversations at the office, not from a marketing worksheet. If yours isn't here, that's what the phone is for.
Eight questions, straight answers
Read the whole list.
Once you submit your application, our goal is to execute a credit decision the same day, or within 24 hours of the application being submitted.
Yes. Iowa Mortgage Solutions offers loan products up to 100% of the purchase price, with the seller paying up to 6% of the purchase price toward closing costs, if all parameters are met.
Yes. We have programs that can provide up to 100% of your home's value one day out of a Chapter 7 bankruptcy, if all program parameters are met, and programs built for past credit problems, mortgage lates and foreclosures.
Yes. We have both full documentation and reduced documentation programs for self employed borrowers. The full documentation programs require tax returns and bank statements.
Your privacy and use of information is very important to us, and we take stringent measures to protect your personal information. Once you submit your application it is encrypted for transmission and then stored on the Iowa Mortgage Solutions server.
Call the office on (319) 377-1988. If you cannot reach us, leave a message and a mortgage consultant will call you back immediately or the next business day.
First time and repeat homebuyers with a credit score of 620 or higher are eligible. The grant money can be used for closing costs, setting up escrow accounts, or making a down payment.
No. FHA loans are not just for first time buyers and are available to anyone looking to purchase or refinance. We also handle refinancing, reverse mortgages, investment property, commercial mortgages and short term business funding.
Still not sure
Ask us the one that isn't listed here.
Every situation is a little different. Call and tell us yours, or try the calculator first to get a feel for the numbers.