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:

Apply Now

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

Apply Now

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

Apply Now

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

Apply Now

Home$tart® Grant Money

Since 1995, the Federal Home Loan Bank of Des Moines has awarded $155.7 million in down payment and closing cost assistance to help more than 32,700 families purchase a loan. To learn more about this program and how to qualify, visit the FHLB website or contact a Retail Lender to learn more.

Home$tart® Website Contact a Retail Lender

Mortgage Rate Relief

The Mortgage Rate Relief product can reduce interest rates for both new home buyers and existing owners that are earning up to 80% of area median income, as determined by the Federal Housing Finance Agency's Underserved Areas data.  This product is available due to First Security's participation with the Federal Home Loan Bank of Des Moines.

Mortgage Rate Relief Contact a Retail Lender

Mortgage calculator

Home affordability calculator

Some content requires Adobe Acrobat Reader to view.