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USDA Highlights Top Lenders in Iowa During Homeownership Month

Name
Cecilia Lynch
City
Des Moines
Release Date
Jun 14, 2022

DES MOINES, Iowa, June 14, 2022 – U.S. Department of Agriculture (USDA) Rural Development State Director in Iowa Theresa Greenfield announced today the top partner lenders in Iowa through the Single Family Housing Guaranteed Loan Program as part of National Homeownership Month.

“We at USDA are all about rural Iowa—from helping folks get a home loan to making our hometown communities great places to live in,” said Director Greenfield. “We are thankful for our partner lenders and their ongoing support and dedication to helping rural Iowans achieve their dreams of homeownership.”

Iowa’s top five partner lenders are: Iowa Bankers Mortgage Corp., Residential Mortgage Network, Flanagan State Bank, United Bank of Iowa, and Bank Iowa.

In Fiscal Year 2021, USDA in Iowa invested more than $271,917,000 to help 2,107 families and individuals buy homes through Single Family Housing Programs.

In addition, USDA works to increase access to affordable multifamily rental housing opportunities in rural America. The Department is currently helping nearly 300,000 tenants afford to pay their rent through rental assistance. This assistance ensures low-income and elderly tenants pay no more than 30% of their income in rent. For more information, visit Multifamily Housing Programs | Rural Development (usda.gov).  

USDA is also highlighting ways it is working with lenders and community partners to open the door to homeownership for rural Americans who have been unserved or underserved for far too long. USDA is hosting events across the nation to showcase affordable housing programs for lenders, community partners, families and individuals. USDA’s single family housing programs are:

USDA Rural Development has 11 offices across the state to serve the 1.7 million Iowans living in rural communities and areas. Office locations include the state office in Des Moines, along with area offices in Albia, Atlantic, Humboldt, Indianola, Iowa Falls, Le Mars, Mount Pleasant, Storm Lake, Tipton, and Waverly.

Visit the Single Family Housing program webpage to learn more about USDA homeownership programs in Iowa or call (515) 284-4444.

If you’d like to subscribe to USDA Rural Development updates, visit our GovDelivery subscriber page.

USDA touches the lives of all Americans each day in so many positive ways. Under the Biden-Harris Administration, USDA is transforming America’s food system with a greater focus on more resilient local and regional food production, promoting competition and fairer markets for all producers, ensuring access to safe, healthy and nutritious food in all communities, building new markets and streams of income for farmers and producers using climate-smart food and forestry practices, making historic investments in infrastructure and clean energy capabilities in rural America, and committing to equity across the Department by removing systemic barriers and building a workforce more representative of America. To learn more, visit www.usda.gov.

 

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USDA is an equal opportunity provider, employer and lender