Mortgages

Loans

Home loans for North Central Iowa

Whether you’re a first-time homebuyer or a seasoned homeowner looking for a new place, you’ll find the confidence you need to maneuver the homebuying process with ease at First Security Bank.

Our lending experts are there to walk you through the process, each step of the way. Eliminate stress and enjoy making your new house a home. We have a variety of mortgage options to meet your needs.

Benefits of our mortgages include:

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View Rates

Fixed-rate mortgages

By having a fixed-rate loan, you don’t have to worry about rates or payments changing. The rate is locked in for the duration of the loan.

  • Multiple loan terms to suit your needs
  • Fixed rate through the life of the loan
  • Lower down payment

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Adjustable-rate mortgages

If you know you’ll be moving within the next few years, an adjustable-rate mortgage (ARM) may be the answer for you. This rate is fixed for 5 years or 7 years, depending on the ARM product selected, and then will adjust with the market each year thereafter. The rate cannot change by more than 1% per year, or 6% over the life of the loan.

  • Multiple loan terms to suit your needs
  • Fixed for 5 years or 7 years, then variable annually
  • Higher down payment

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Guaranteed rural housing

We are an approved lender for this special USDA financing program, which assists borrowers who meet income guidelines and are not eligible for conventional financing.

  • No down payment
  • Flexible mortgage insurance requirements
  • Escrow required for taxes, insurance and annual fee

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Mortgage calculator

Home affordability calculator

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