Straight answers to the questions we hear most.

Call us toll free at 877-377-1988 or locally at 319-377-1988. A mortgage consultant will respond right away, or by the next business day.

Yes. Getting pre-approved before you shop tells you what you can afford and strengthens your negotiating position with sellers.

Once you are pre-approved you receive a pre-approval letter you can give your agent. It helps them focus your search and supports your offers.

Our goal is to make a credit decision the same day, or within 24 hours after your application is submitted.

Yes, for many borrowers. Programs exist that finance up to 100% of the purchase price, such as VA and USDA loans, and depending on the program, sellers can pay up to 6% of closing costs when guidelines are met.

Closing costs generally range from 2% to 5% of the purchase price. They include lender fees, third-party fees such as title and appraisal, and prepaid funds for taxes, insurance and interest.

Yes. The IMS Homebuyer Grant Program offers grants of up to 5% of the purchase price for buyers with a 620+ credit score, and the 1% Down Mortgage adds a 2% lender contribution to your 1% down payment.

Often, yes. We work with borrowers who have had a bankruptcy, foreclosure, late mortgage payments or other credit issues. FHA financing is available for scores as low as 500 with 10% down, and waiting periods after bankruptcy are often shorter than people expect.

Both full documentation and reduced documentation programs are available. Full documentation uses tax returns and financial statements. Reduced documentation, such as bank statement loans, relies more on your deposits, credit and the property.

Each lender that pulls your credit can affect your score. Working with a broker lets one application be shopped to multiple lenders, which keeps unnecessary pulls to a minimum.

The interest rate is the cost to borrow the lender's money. The APR represents the total cost of the mortgage over the life of the loan, including closing costs and lender points.

A home equity loan pays out all of the funds at closing. A home equity line of credit lets you borrow against an available credit limit as you need it, up to a maximum and within a set period.

Yes. Our investment programs offer up to 80% financing with a 660+ credit score, qualify on the property's rent instead of your personal income, and include bridge and blanket loan options.

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