Iowa Mortgage Refinance

Homes in Iowa (population 2,982,085) value for approximately $109,000. In Iowa’s capital, Des Moines (50001), home values are 139,800 and $94,600 in Davenport (52722). On average, homes in the “Hawkeye State” sell for $131,700. Cities such as Clive (50325) have homes that can command a $229,500 sale price or in West Des Moines (50266) homes can sell for $177,500. Homes in Lone Tree (52755) have sold for $172,000. When it comes to mortgage refinance Iowans can obtain a mortgage, despite having poor credit or issues with credit, however it will take due diligence on the part of the borrower to ensure that the right mortgage product is chosen to meet the individual’s needs. When it comes to obtaining any mortgage refinance product in Iowa, borrowers should compare the pros and cons of an adjustable rate mortgage (ARM) versus a fixed rate mortgage. Ask the lender about points, fees and amortization schedule before determining which lender is the best fit. Making rate comparisons is also vital to the process. Currently, a 30 year fixed rate mortgage in Iowa runs from 5.28% APR to 5.33% APR and a 15 year fixed is 4.43% APR to 4.79% APR. The rate for a 10/1 ARM is 4.48% APR.