BEST OF
4 Best Iowa Finance Authority Mortgage Lenders of 2021
These mortgage lenders rank among the best of those with expertise implementing Iowa Finance Authority home loan benefits.
The Iowa Finance Authority helps first-time home buyers in the state by offering unique assistance programs that help cover down payment and closing costs. But you'll need an IFA-approved lender to make the loan happen.
NerdWallet has created this short list of participating lenders, highlighting some of the best that know how to navigate state-sponsored home loan benefits for Ioans.
The Iowa Finance Authority helps first-time home buyers in the state by offering unique assistance programs that help cover down payment and closing costs. But you'll need an IFA-approved lender to make the loan happen.
NerdWallet has created this short list of participating lenders, highlighting some of the best that know how to navigate state-sponsored home loan benefits for Ioans.
Summary of Best Iowa Finance Authority Mortgage Lenders of 2021
| Lender | NerdWallet Rating | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
 Wells Fargo: NMLS#399801 | Best for nontraditional credit borrowers | 620 | 3% | Read review |
 New American Funding: NMLS#6606 at New American Funding | Best for nontraditional credit borrowers | 620 | 3% | at New American Funding |
 Fairway Independent Mortgage: NMLS#2289 at Fairway Independent Mortgage | Best for buying a fixer-upper | 620 | 3% | at Fairway Independent Mortgage |
 Wintrust Mortgage: NMLS#449042 | Best for buying a fixer-upper | 620 | 3% | Read review |
Wells Fargo: NMLS#399801
Min. Credit Score
620
Min. Down Payment
3%
at New American Funding
New American Funding: NMLS#6606
Min. Credit Score
620
Min. Down Payment
3%
at New American Funding
at Fairway Independent Mortgage
Fairway Independent Mortgage: NMLS#2289
Min. Credit Score
620
Min. Down Payment
3%
at Fairway Independent Mortgage
Wintrust Mortgage: NMLS#449042
Min. Credit Score
620
Min. Down Payment
3%
More Iowa Finance Authority participating lenders
Here are additional Iowa Finance Authority-approved lenders. While they haven’t been reviewed by NerdWallet, they are among the highest loan volume mortgage originators in the state.
Apply online for a preapproval.
Provides fixed- and adjustable-rate construction loans.
A 10-year fixed loan option can reduce interest costs.
Offers reduced mortgage insurance premiums for low- to moderate-income borrowers.
Provides rural housing loans with zero down payments, backed by the USDA.
Condo financing also available.
More from NerdWallet
Last updated on January 21, 2021
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
To recap our selections...
NerdWallet's Best Iowa Finance Authority Mortgage Lenders of 2021
- Wells Fargo: Best for nontraditional credit borrowers
- New American Funding: Best for nontraditional credit borrowers
- Fairway Independent Mortgage: Best for buying a fixer-upper
- Wintrust Mortgage: Best for buying a fixer-upper
