Home Purchases

There are many different Iowa mortage loan programs to choose from, which makes it extremely difficult to choose the right one.

We can help you quickly and easily decide! First you need to think about how long you plan to keep the loan. If you plan on selling the house in a few years then an adjustable rate or balloon loan will work. If you plan to keep the house for a longer period then a fixed loan is the way to go.

FHA Home Loans

If you are a first time home buyer or have bought a home before and have less than perfect credit this may be the program for you. Call us for details.

VA Loans

No money down loans with no PMI are available for eligible veterens.

USDA Loans

No money down loans with no PMI are available for properties located in an eligible rural area as defined by USDA.

Investment Property

Investor loans are used to finance 1-4 family properties that will be for investment. These programs have many variations such as No Doc, Limited Doc, and Full Doc. It's possible to receive an investment loan with no down payment, however most require 10% down.

No Income Verification Loans

No Income Verification Loans refer to where your income is not requested or verified, and require very little money down. Some borrowers choose not to disclose employment, income, or asset information. However, other borrowers may be willing to disclose all, or some but not all, of that information. With all the different variations of the no-doc loan, there is definitely a mortgage program for today's non-conventional borrowers.

Second Mortgage Loans

Second mortgage loans, often referred to as "Home Equity Loans" offer the borrower the ability to get money for home improvement or debt consolidation without harming the first mortgage. Second mortgage loans can be a fixed rate or a home equity line of credit.

High Debt Ratio Loans

High debt ratio is a term used for individuals paying more than 50% of their income each month towards debt. Loans are still available to people in this group, and you may still be able to purchase a home with no down payment!

A Thru D Loans

A Thru D Loans are primarily aimed at individuals with varying degrees of past credit problems. At Hall Lending Group we specialize in helping people with past credit problems, and look forward to working with you.

103% Purchase

0% Down payment required and closing costs can be financed up to 103% of the purchase price. First time home buyer status not required and there are no income limits. Only single-family homes that will be owner-occupied are eligible.

80/20

The home buyer takes out two loans -- the first for 80 percent of the purchase price, and the second for 20 percent of the home's price. It is usually used when an individual wishes to avoid PMI insurance. There is no down payment required.