Cedar Rapids Home Loans

Aerial Perspective of Cedar Rapids Iowa Urban Waterfront

Residential Mortgage Network has been offering the residents of Cedar Rapids home loans since 1987. We can finance properties anywhere in Iowa and have offices located in Iowa City and Cedar Rapids. Our owner, Rick House, started the company to offer all loan options to buyers in the Cedar Rapids market.

Home loan types RMN offers in Iowa City and Cedar Rapids areas:

USDA Rural Development Loans

  • No down payment requirement.
  • May be used to buy homes in cities with populations of 20,000 or less residents, this program works in all of the surrounding communities!
  • Lower fixed interest rate that Conventional financing.
  • Fixed rate Condo financing.

Learn more about USDA Rural Development Loans

VA Loans

  • If you are a Veteran that is either on Active Duty or has been honorably discharged, this is the program for you!
  • No down payment requirement.
  • Lower fixed rate than Conventional financing.
  • Never any monthly mortgage insurance.
  • No income limits or restrictions on where you can purchase.
  • Fixed rate Condo financing.
  • If 10% service-connected disability the VA funding fee is waived.

Learn more about VA Loans

Conventional Loans

  • With as little as 3% down this can be a great option.
  • Fixed rate Condo financing.

Learn more about Conventional Loans

FHA Loans

  • With as little as 3.5% down this can be a great option.
  • Lower fixed rate than Conventional financing.

Learn more about FHA Loans

The Cedar Rapids area is a great place to live and buy a home. With so much development going on in the Downtown District, Marion and Hiawatha there is a vibrant and diverse community with lots of job opportunities and a great education system. The thriving downtown area has seen growth and development continue at a rapid pace in recent years and the Corridor includes North Liberty and Iowa City with many great features and benefits in those growing communities as well.

We work with many first time home buyers and can even offer refinances or help finance your second home and beyond. We look for programs like the Mortgage Credit Certificate for those first time home buyers or streamline refinance options to get all of the best options available for our customers.

If it’s mortgage expertise or knowledge of the Cedar Rapids home loan types, RMN has it for you! We look forward to working with you on your next purchase or refinance.