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Iowa First-Time Homebuyer Mortgage Rate Information: August 31, 2015

By Paul David Hiebing

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

August 31, 2015 06:56 AM

August 31, 2015

IOWA FINANCE AUTHORITY RATE WATCH:

The Iowa Finance Authority's interest rates as of

Monday August 31, 2015 at 10:00 A.M. are below.

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IOWA FINANCE AUTHORITY RATE CHANGE

The Iowa Finance Authority's interest rates as of Monday, August 31, 2015 at 3:30 p.m. are below.

Get rates online any time, and view the printable version at: IowaFinanceAuthority.gov/Rates. Mortgage rate lock-in period is 60 days. In the event reservation period expires, the loan may be relocked within ten days of scheduled closing at higher of original or current rate and fees, as applicable.

	Government Insured	Conventional	Conventional
FirstHome*	FHA/VA/RD	HFA Preferred	No MI Risk Sharing
Rate	3.50%	3.875%	4.375%
Origination Fee	Up to 1%	Up to 1%	Up to 1%
Discount Point	0	0	0
SMF**	None	None	None

FirstHome Plus
Rate	4.00%	4.375%	4.75%
Origination Fee	Up to 1%	Up to 1%	Up to 1%
Discount Point	0	0	0
SMF**	None	None	None

Homes for Iowans*
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	None	None

Homes for Iowans Plus
Rate	4.375%	4.625%	5.125%
Origination Fee	Up to 1%	Up to 1%	Up to 1%
Discount Point	0	0	0
SMF**	None	None	None

*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. Fannie Mae has announced that this fee will be eliminated for MBS issued on or after September 1, 2015.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.

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