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.
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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.
Best Iowa Finance Authority Mortgage Lenders
Lender | NerdWallet rating | Min. credit score | Min. down payment | Learn more |
---|---|---|---|---|
![]() Wells Fargo: NMLS#399801 | Best for nontraditional credit borrowers | 620 | 3% | Read review |
New American Funding: NMLS#6606 Learn more at New American Funding | Best for nontraditional credit borrowers | 620 | 3% | Learn more at New American Funding |
![]() Fairway Independent Mortgage: NMLS#2289 Learn more at Fairway Independent Mortgage | Best for buying a fixer-upper | 620 | 3% | Learn more 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
620Min. down payment
3%at New American Funding
New American Funding: NMLS#6606
Min. credit score
620Min. down payment
3%at New American Funding

at Fairway Independent Mortgage
Fairway Independent Mortgage: NMLS#2289

Min. credit score
620Min. down payment
3%at Fairway Independent Mortgage
Wintrust Mortgage: NMLS#449042

Min. credit score
620Min. 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
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