Financing

FHA Home Loans

http://portal.hud.gov/portal/page/portal/HUD

FHA promotes affordable housing by providing mortgage insurance which is less expensive than a 97% Loan-To-Value conventional loan. Underwriting guidelines are not credit score driven which allows more flexibility to qualify more buyers.

USDA (Rural Development)

http://www.usda.gov/wps/portal/usdahome

USDA loans offer 100% financing to home buyers in locations with a population of 20,000 or less. Income limitations are applied. In 2009, RMN was #3 in USDA lending in the State of Iowa.

VA Home Loans

http://www.va.gov/

VA loans are home loans guaranteed by the U.S. Veterans Administration, enabling a veteran to buy a home with no money down.

Iowa Finance Authority First Time Home Buyer Program

http://www.iowafinanceauthority.gov/

IFA provides below market fixed rate mortgages and grants which can be used with any standard loan product such as Conventional, VA, FHA, and USDA. First time home buyers qualify subject to income and purchase price limitations.

Conventional Home Loans

A conventional mortgage is any mortgage that is not insured or guaranteed by the dederal government. This is the most common loan offered.

Construction Lending

Construction loans are short-term, interim loans customized to suit your needs during construction of your home.

Residential Mortgage Network, Inc. - 2461 10th Street Suite 308 - Coralville, IA 52241
Office Phone: (319) 354-7501 Fax: (319) 354-8740 Cell Phone: 319-330-1632
Toll Free Phone: 800-756-5769
Cedar Rapids: 319-363-3122

NMLS # 1495

MBA Smallest EHLogo

#3 in USDA Lending in the State of Iowa

Lending in the State of Iowa Since 1987