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Mortgages

Mortgage Loans:

We offer a variety of mortgage loan products to fit your needs. Whether you’re looking to purchase your first home, refinance your current mortgage, or looking to build your dream home, we have the options to make it a reality.

Fixed rate mortgages: Fixed interest rates for up to 30 years, available through the secondary market. Iowa Trust and Savings Bank is a full service lender. We will take care of all your loan questions from application to closing, so you won’t have to worry about your loan being transferred or sold.   

In-house adjustable rate mortgages: Depending on market conditions, the interest rate may adjust on a one or three year basis.  These can be amortized over a short or long term. Adjustments are made as market rates change, so your payment may go up, down, or stay the same. Rate adjustment caps are set to insure all rate increases or decreases are manageable.

Home$tart and Home$tart Plus Down Payment Subsidy: In conjunction with the Federal Home Loan Bank and the Affordable Housing Program, we are excited to offer grants ranging from $5,000 to $10,000 to apply towards down payment, closing costs and home ownership education. See a Loan Officer for additional guidelines and details.

Home Base Iowa: At Iowa Trust and Savings Bank, we appreciate all that our armed forces members do, and we are proud to be a part of a Home Base Iowa County. To show our appreciation for members moving to Appanoose County, we have committed to waive the origination and commitment charges on our mortgages loan products.

FHA, VA, and RD mortgages: Offered through our partnership with the Iowa Bankers Mortgage Corporation, first time homeowners, veterans, and applicants looking for a low down payment option can take advantage of these sponsored loan products. Stop in and see one of our knowledgeable loan officers today! At Iowa Trust and Savings Bank, we are small enough to know you and big enough to care.
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