Mortgage

Iowa State Bank has experienced home mortgage consultants who are committed to helping you find the right financing option. We take the time to explain the mortgage loan process and advise you with your best interests in mind.

Contact us today to get started: 515-288-0111 or toll free 888-824-0111

           Kristin Smith                 Marsha Kephart

           NMLSR  682451            NMLSR  682346

What you will need to complete an application:

• Pay stubs covering the last thirty days
• Federal tax returns for the last two years; all schedules**
• Last year’s W-2s**
• Residence address for the past two years (landlord’s name, address and phone number)**
• Name, address and phone number of all employers for the past two years**
• Name, address, account number, current balance, and monthly payments on all open accounts (All pages)
• Last two months statements on all bank accounts and the most recent statement on retirement and investment accounts (IRA, Stocks, etc.) (All pages)
• Signed copy of purchase agreement on the home you are buying, if applicable
• Copy of listing and copy of sales agreement on the home you are selling, if applicable
• Insurance agent’s name, address and phone number
• If refinancing, the abstract is needed
• If self-employed: last two years tax returns and year to date profit & loss**
• If applicable, divorce decree and stipulation agreement
• If applicable, bankruptcy and discharge papers with satisfactory explanation

** IFA (Iowa Finance Authority) Programs:

• Federal tax returns for the last three years; all schedules
• Last three years W-2s
• Residence address for the last three years (landlord’s name, address and phone number)
• Name, address and phone number of all employers for the last three years
• If self-employed: last three years tax returns, and year to date profit & loss