3% Down^* Home Loans

To qualify for a mortgage with FSB, you will need to provide the following documents:

• Bank statements for the past two months (checking, savings, investments, 401(k), etc.)
• Proof of income (most recent pay stub covering a minimum of 30 days, retirement statements or award letters, contract for employment, etc.)
• W2 or 1099 and complete signed tax returns for previous two years (personal and business).

FSB's experienced mortgage lenders will use this information to get you the best loan possible.

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To calculate how much you can afford, we take into account a few primary items, such as your household income and regular monthly debts (e.g. car and student loans). Use our home affordability calculator to help!

As a homebuyer, you'll want to have a certain level of comfort in understanding that unexpected expenses and unplanned spending happens, which can impact your savings. A good guideline is to keep three months of payments saved in an emergency fund. 

More Tools To See How Much You Can Afford

If you haven't owned a home in the last three years, you are considered a first-time homebuyer.

There are several programs available to help first-time homebuyers (income limitations apply) realize their dream of owning their own home. These programs include:

• IFA Homes for Iowans
• HomeReady

Plus, FSB offers no money down loans and grants up to $5,000 to help with your down payment or closing costs (Speak to an FSB Mortgage Lender to explore your eligibility).

Whatever program you are looking for, FSB's got you covered!

Grant Information