Mortgage Loans
Your home buying journey starts here.
View Today's Rates Meet our Residential Loan Officers Apply Now
Why finance with us?
Quick loan approval
Lender-paid closing cost option*
Loans serviced locally
Competitive rates
*Not all loans apply. Subject to approval. Contact us to receive a rate quote customized to you.
Today's Mortgage Rates
Rates below are for single-family, primary home purchases. Mortgage rate locks for 30 days.
30-Year Fixed Rate Purchase
| Loan Amount | Rate | APR* | Payment Example (Monthly) |
|---|---|---|---|
| $200,000 | 6.125% | 6.172% | $1,215.22 |
| $300,000 | 6.125% | 6.157% | $1,822.83 |
15-Year Fixed Rate Purchase
| Loan Amount | Rate | APR* | Payment Example (Monthly) |
|---|---|---|---|
| $200,000 | 5.375% | 5.424% | $1,620.93 |
| $300,000 | 5.375% | 5.426% | $2,431.40 |
*APR = Annual Percentage Rate.
Rates are based on 780+ credit score. Rates are effective at the time of publication and are subject to change. Actual rate may be higher based on credit history, occupancy and LTV. Rates assume a 75% TLTV for a single-family, primary residence home purchase. The payment example does not include taxes or insurance and the actual payment obligation may be greater. All loans are subject to approval. Includes closing costs associated with a loan. Please contact your local lender to receive a rate quote customized for you.
Adjustable Rate Mortgage (ARM)**
Up to 80% LTV (Loan-to-value ratio)
| Initial Period*** | Loan Amount | Rate** | APR* | Payment Example (Monthly) |
|---|---|---|---|---|
| 5 years | $300,000 | 6.125% | 6.615% | $1,823.88 |
| 10 years | $300,000 | 6.375% | 6.58% | $1,872.54 |
Adjustable Rate Mortgage (ARM)**
80.01% - 90% LTV (Loan-to-value ratio)
| Initial Period*** | Loan Amount | Rate** | APR* | Payment Example (Monthly) |
|---|---|---|---|---|
| 5 years | $300,000 | 6.375% | 6.714% | $1,872.72 |
| 10 years | $300,000 | 6.575% | 6.713% | $1,911.99 |
Rates are updated on business days at approximately 10:00 AM CDT. On federal holidays, the rates will be updated the following business day.
*APR = Annual Percentage Rate.
**ARM rates are calculated by adding a margin, 2.75%, to an index, the 1-year Treasury rate. The minimum rate is 2.75%. Rates can increase or decrease no more than 2% each year and 6% total.
***The Initial Period (for example, 5 years) represent the fixed rate period, the rate will then adjust up or down each year according to the index and margin. ARM rates, APRs, and monthly payments are subject to increase after the initial fixed-rate period of 5, 10 years and assume a 30-year term. Rates are based on 720+ credit score. Rates are effective at the time of publication and are subject to change. Actual rate may be higher based on credit history, occupancy and LTV. Top box rates assume an 80% or under TLTV for a single-family, primary residence home. The bottom box rates assume an 80.01-90% TLTV. The payment example does not include taxes or insurance and the actual payment obligation may be greater. All loans are subject to approval. Includes closing costs associated with a loan. Please contact your local lender to receive a rate quote customized for you.
Ready to start your home buying journey?
Meet our Residential Loan Officers
Our experienced loan officers are available to help you navigate the home buying process.
Kasey Iverson
Luana Branch
563-539-2166
Get Started
NMLS #1257744
Blake Winter
Luana Branch
563-539-2166
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NMLS #2556025
Jess Schubert
Luana Branch
563-539-2166
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NMLS #1768698
Josh Uhlenhake
Ossian Branch
563-532-7022
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NMLS #987805
Ben Larson
New Hampton Branch
641-394-2116
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NMLS #1625057
Kristin Christensen
Polk City Branch
515-984-7100
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NMLS #1893769
Brandon Converse
Polk City Branch
515-984-7100
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NMLS #1380837
Scott Bishop
Clive Branch
515-987-2116
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NMLS #1021523
Brian Byrnes
Clive Branch
515-987-2116
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NMLS #41854
Mic Hayes
Clive Branch
515-987-2116
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NMLS #41860
Angie Sprenger
Clive Branch
515-987-2116
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NMLS #1893794
Richard Cook
Norwalk Branch
515-410-9800
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NMLS #400117
Ask us about our specialized Home Loan Programs
Including but not limited to:
No Closing Cost Option
for your purchase or refinance
Low-to-Moderate Income Home Loans
for lower income borrowers & credit scores
First-Time Home Buyer
30 year fixed rates for loans up to $250,000
12 Month Rate Lock
Lock great long-term rates up-front during construction phase
Professional Program
Home loan options for Doctors, Dentists, and Lawyers
First-Time Homebuyer Grant
Up to $15,000 Down Payment or Closing Cost Assistance
The FHLB Des Moines Home$tart® Grant Program offers up to $15,000* towards down payment and/or closing cost assistance. Available to qualifying first time home buyers earning up to 80 percent of area median income for the location of the residence being purchased. Contact us to learn more.
*Subject to credit approval.
