Mortgage Loans in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Mortgage Loans & Refinancing

Start Your Mortgage or Refinance Journey

Whether you’re buying or refinancing, FSB helps you find the right mortgage loan. Get local support and flexible options tailored to Iowa residents.

Apply Online FSB's Lower Rate Program

Popular Mortgage Loan Options at FSB

Explore fixed-rate, VA, FHA, and USDA loans with competitive rates and local support. Apply online1 or connect with a lender to get started.

Icon for 30-year fixed rate mortgage loan in Cedar Rapids, Iowa

Fixed-Rate 30-Year Mortgage

Lock in your rate & enjoy predictable payments with terms up to 30 years. Learn more.

30-Year Fixed
6.625%
Interest Rate†

Icon for FSB's VA Mortgage Loan in Eastern Iowa (Cedar Rapids, Marion, Iowa City, and more)

Veteran Affairs (VA) Loans

Exclusive benefits for veterans and active service members.
Learn more.

30-Year Fixed
6.250%
Interest Rate†

Icon for 15-year fixed rate mortgage loan in Cedar Rapids, Iowa

Fixed-Rate 15-Year Mortgage

Lock in your rate & enjoy predictable payments with terms up to 15 years. Learn more.

15-Year Fixed
6.000%
Interest Rate†





































Compare Mortgage Loans and Refinance Programs

Loan type
Key benefits
 Perfect for homebuyers that...
Fixed-rate loans
- Fixed interest rates for the life of the loan
- Terms up to 30 years
- Plan to stay in your home long-term
- Have an established credit score
Adjustable-rate loans
- Lower initial fixed rate
- Adjustable rate after the initial term
- Plan to move/refinance before the rate adjusts
- Have an established credit score
Construction loans
- Interest-only payments during construction
- Converts to permanent financing
- Funds paid to builders with your approval
- Are building a new home
- Want flexibility during the construction process
FHA loans
- Down payments as low as 3.5%
- Flexible qualification requirements
- 100% gift funds allowed
- Have limited cash for a down payment
- Have less-than-perfect credit
- Have a higher debt-to-income ratio
VA loans
- Low or no down payment
- No Private Mortgage Insurance requirements
- Flexible qualification requirements
- Are an active military member or veteran
- Are the surviving spouse of a service member who died as a result of military service
USDA loans
- 100% financing available
- Flexible credit guidelines
- Are buying a home in a USDA-eligible rural area
- Have limited down payment funds
IFA loans
- Fixed-rate 30-year financing
- Lower down payment options
- 3% down payment can be gift funds
- Are an eligible homebuyer in Iowa
- Have limited cash for a down payment

Mortgage Loan Application Checklist

When applying1 for a mortgage or refinancing your current loan, have the following ready:

Bank Statements Icon

Bank Statements

Two Most Recent Bank Statements

Proof of Income Icon

Proof of Income

Recent pay stubs or other income

Tax Returns Icon

Tax Returns

W2 or 1099 & 2 Years of Tax Returns

Jason made buying our first home easy by answering all our questions. We’re excited to work with FSB for future loans!
- Drew M., Iowa Homebuyer

Apply for a Mortgage Loan or Refinance with FSB

Get preapproved1 in just 5 minutes with our secure online application or contact a lender for additional support. Whether you're buying or refinancing, FSB is here with local expertise and competitive rates.

Apply Online Contact a Lender

A couple sitting on a couch, smiling while looking at a tablet, exploring mortgage loan options.
Buying a Home in 2025?

Plan ahead with tips on preapproval, credit, finding a realtor and more for a smooth homebuying journey.

Tips for Buying a Home in 2025