First time home buyer in Iowa? Start here.

Most first time home buyers we meet across Iowa, from Des Moines to Davenport, are ready for a home long before they think they are. They have steady income and a rent payment that is already close to what a mortgage would cost. What they are missing is a plan, and usually some help with the cash needed at closing.

That is where we come in. As an independent mortgage broker, we compare programs from multiple lenders and line up the one that keeps the most money in your pocket. Then we walk you through the process step by step, from your first pre-approval to the day you pick up your keys.

How much do you need to buy your first home?

The answer depends on the program far more than most first time buyers realize. Here is the down payment alone on a $200,000 Iowa home under a few common options.

Closing costs come on top of the down payment and generally run 2% to 5% of the price. Our guide to the initial costs of buying a house breaks them down, and grants plus seller concessions can cover a large share.

First time buyer mistakes to avoid

• Shopping for homes before you are pre-approved and know your real budget
• Applying at several banks on your own and collecting a pile of credit inquiries
• Opening new credit cards or financing furniture before closing
• Assuming you need 20% down and waiting years longer than necessary
• Comparing interest rates without comparing APR and closing costs