Iowa Mortgage Solutions of Norwalk

Iowa Mortgage Solutions of Norwalk is a mortgage broker in Norwalk, Iowa. The business works with a network of lenders to help borrowers purchase or refinance a home, and it serves clients across Iowa regardless of credit situation. Its loan programs include the IMS 1% Down Payment Mortgage Program, the FHA Mortgage Program, VA loans with no down payment for veterans, active duty and reserve troops, and honorably discharged veterans, USDA rural 100% financing, reverse mortgages for seniors, FHA 203k rehabilitation loans, investment property financing, and commercial loans for multifamily apartment buildings, office buildings, office condos and retail units. The IMS Home buyer Grant Program is a mortgage credit program that can be applied to closing costs, escrow accounts or a down payment, and is open to first-time and repeat homebuyers with a credit score of 620 or higher. The business has operated as a mortgage broker in Iowa since 2005 and has helped hundreds of people with less than perfect credit buy a house.

Iowa Mortgage Solutions works one on one with each borrower, assessing the financial situation and laying out any obstacles before recommending a loan. It advises buyers to understand the initial costs of buying a house, and it looks at each situation for a solution that matches the borrower. Borrowers with past bankruptcy, foreclosure, collections or no traditional credit can still qualify for FHA and other programs, and the business offers loan programs providing up to 100% of a home's value one day out of a Chapter 7 bankruptcy when program parameters are met. Self-employed borrowers can use full documentation programs requiring tax returns, bank statements or pay stubs, or reduced documentation programs driven more by credit score and appraisal. Borrowers who meet program parameters can generally borrow up to 107% on a home purchase and consolidation loan on a first mortgage, and up to 125% of appraised value when all mortgages are totaled on a second mortgage. Investment properties can be purchased with no money down when the seller contributes 3% toward closing costs.

The business holds a 5.00 rating from the customers who have reviewed it.