Contact BADC at (712) 523-3637 Adress 601 Madison Avenue, Bedford, Iowa 50833
USDA Rural Development
(712) 243-2107
Direct 502 Loan:
Obtained directly from Rural Development, not a bank. 100% financing with subsidized interest for very low and low-income families. May involve some closing costs.
Guaranteed 502 Loan:
No down payment. Paperwork done through local lender and forwarded to USDA for guarantee, which is equivalent to having the USDA co-sign for the loan. May involve some closing costs.
Iowa Finance Authority
Available first time home buyer programs, competitive interest rate with First Home Plus Grant for down payment and closing costs.
Contact local realtors....
