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Iowa First-Time Homebuyer Mortgage Rate Information: June 16, 2015

By Paul David Hiebing

Real Estate Agent with Grampp Realty: Real Estate in the Quad-Cities Iowa : # S40848000

June 16, 2015 05:06 AM

IOWA FINANCE AUTHORITY RATE WATCH:

The Iowa Finance Authority's interest rates as of

Tuesday June 16, 2015 at 10:30 A.M. are below.

"Call Paul"@ (563) 508-1649 for Details!!

No-Cost, No Obligation Home Loan Pre-Approval Help for all types of Loans.

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	Government Insured	Conventional	Conventional
FirstHome*	FHA/VA/RD	HFA Preferred	No MI Risk Sharing
Rate	3.75%	4.125%	4.625%
Origination Fee	Up to 1%	Up to 1%	Up to 1%
Discount Point	0	0	0
SMF**	None	0.25%	0.25%

FirstHome Plus
Rate	4.25%	4.625%	5.125%
Origination Fee	Up to 1%	Up to 1%	Up to 1%
Discount Point	0	0	0
SMF**	None	0.25%	0.25%

Homes for Iowans*
Rate	3.875%	4.25%	4.75%
Origination Fee	Up to 1%	Up to 1%	Up to 1%
Discount Point	0	0	0
SMF**	None	0.25%	0.25%

Homes for Iowans Plus
Rate	4.5%	4.75%	5.25%
Origination Fee	Up to 1%	Up to 1%	Up to 1%
Discount Point	0	0	0
SMF**	None	0.25%	0.25%

*Please see the Iowa Finance Authority Program and Conventional Product parameters for additional eligibility information.

**Secondary Market Fee consists of a one-time Adverse Market Delivery Charge set by Fannie Mae. There are no Loan Level Price Adjustments (LLPAs) with IFA's Conventional Products.

Once a bona-fide purchase agreement has been executed, rates may be locked for 60 days by an IFA Participating Lender using our online lender portal, Lender Online. The applicable mortgage loan must close during the lock period and must be delivered to IFA's servicer within 30 days of closing to receive the rate and pricing listed above.

For more information on how The Iowa Finance Authority can help you achieve your dream of home ownership, go to: http://www.iowafinanceauthority.gov/

"Call Paul"@ (563) 508-1649 for Details!!

No-Cost, No Obligation Home Loan Pre-Approval Help for all types of Loans.

Please feel free to give me a call me ANYTIME