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down payment help in Iowa?

looking for down payment assistance programs in Iowa and possibly closing cost assistance. i am interested in a 30 year jumbo loan by reyesgrahams390822 from Cascade, Iowa. May 18th 2015 Reply


Andy Pedersen nmls 29693 (andysaf)
#12 ranked lender in Iowa - 2 contributions

We have a program for Jumbo loans that requires as little as 10% down.

May 19th 2015
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Victor Emmel (victoremmel)
#92 ranked lender in Utah - 20 contributions

In most cases,down payment assistance is limited to either FHA or Conforming loan limits which are $271,050 and $417,000 loan amounts respectively. We do have a down payment grant program that can help you as long as you are under a $417,000 loan ($439,000 max purchase price. Feel free to contact me for more information. Victor Emmel, PrimeLending 801-819-5901 vemmel@primelending.com

May 19th 2015
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Steven Brand (stevenbrand)
#3 ranked lender in Minnesota - 112 contributions

I agree with Victor's response. Looking at the big picture... DPA's are typically to help FTHB (first time home buyers) get into homes that don't have the capacity to save for a down-payment. When a purchase exceeds the conforming loan limit of $417k (in most of the country) the guidelines typically require larger down-payments. My best answer for a possible source of a DPA on a jumbo loan would be to ask that wealthy uncle or grandfather for a Gift if its really needed.

May 26th 2015
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Jinggy Cigrand (jbc1958)
#13 ranked lender in Iowa - 2 contributions

I can offer you 100% financing, 5% interest rate, 5-7 years interest only, some lender fees at closing, can be amortized 20-30 years, can close in two weeks! Email or phone for info: midwestfc548@gmail.comPhone: 319-409-5707Jinggy B. Cigrand, MBA New YorkBS Man. Engineering/ConsultantMidwest Finance Corporation, LLC100 First Ave. NE Suite 1208Cedar Rapids, IA 52401

Jun 16th 2015
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