Home Loans

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Find the Right Mortgage for You

Purchasing or refinancing a home is one of the biggest investments you’ll make in your life. At South Story Bank & Trust, we’re here for you every step of the way, and our mortgage lenders will work with you to find the home loan that best fits your needs.

We provide a comprehensive list of mortgage programs to suit your individual needs:

  • Construction-to-Permanent financing
  • In-House portfolio loans
  • Conventional loans
  • FHA (Federal Housing Administration) loans
  • Fixed and Adjustable Rate Mortgages
  • Home Equity/Second Mortgages
  • Iowa Finance Authority (IFA) programs
  • USDA Rural Development Guaranteed Housing Loan program
  • VA (Veterans Administration) loans

All decisions and approvals are handled locally by a member of our mortgage team, and we’ll even handle the closing services.


Home Financing Options

There are a variety of home loan options and programs available to you when you choose to finance through South Story Bank & Trust.

Our mortgage team will review all the options available to you, so you can make an informed decision on which home loan will work best for you.

  • Fixed Rate Mortgage: Your loan features a fixed rate and a payment over the term of the loan.
  • Adjustable Rate Mortgage: Perfect for those who plan to live in their new home for a shorter period and want to take advantage of lower interest rates for a designated period.
  • Federal Housing Administration (FHA) Loan: Overcome some of the barriers to buying a home with affordable financing options and lower down payment, and income requirements while still receiving competitive rates.
  • Veteran Administration (VA Loans): This government-insured home buying program provides financing assistance, lower down payments, and lower monthly mortgage insurance premiums to eligible armed forces veterans.
  • Iowa Finance Authority: Learn more about the FirstHome and Homes for Iowans programs by visiting the Iowa Finance Authority website.  
  • USDA (RD) Loan: This government-insured loan is used for rural communities with population less than 20,000 people. The loan allows for 100% financing in those communities where the customer meets the income guidelines per county they are purchasing in.

Apply for Your Home Loan Now!

See How Large a Mortgage You Could Qualify For!


Construction Loans

Have you considered building your dream home? If so, contact our construction financing experts to discuss financing options. We have the experience you can trust to guide you through the process.


Schedule a Free Consultation or Apply for a Mortgage

Our smart, friendly mortgage team is ready to sit down with you and review your options for selecting a home loan. If you’d like to schedule a free consultation, or if you’re ready to fill out an application for a home loan, simply follow the link below.

Apply for Your Home Loan Now!

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