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Routing #: 073913755

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  • Loan Options

    Designed for your needs

Hills Bank offers a variety of home loan solutions designed to help buyers purchase or build their dream homes with affordable rates, transparent terms, and proactive customer service.

Our team will help you find the perfect mortgage by taking the time to listen and learn about your financial situation and future goals. We will clearly explain your loan options and provide open communication about the status of your loan from application through closing.

All of our home loans feature:

  • Low rates and closing costs
  • Free and fast pre-approvals
  • No application fees
  • Ability to apply online 24/7, over the phone, or in-person with the mortgage professional of your choice
  • A dedicated lender, processor, and loan closer working for you to ensure a smooth and efficient loan process

100% Financing Loans - No Down Payment

These loans require no down payment for qualified borrowers. Allowed on both single family houses and condominiums, this is one of the most flexible financing options available.

Fixed-Rate Mortgages

Fixed-rate mortgages offer monthly payments at a consistent interest rate throughout the term of the loan. These loans features several advantages, including predictable payments, rate stability during market fluctuations, benefits for larger down payments, and available financing for properties commonly restricted by government loans.

Adjustable Rate Mortgages (ARM) – Flexible Down Payment and Underwriting

ARM loans feature a fixed rate and payment for a set period of time. Once the initial interest rate term has ended, the payment could adjust for the remaining term of the loan. Advantages may include a lower initial interest rate and payment compared to a fixed-rate loan, flexible down payment requirements including 100% financing, and flexible underwriting.

Medical/Dental Resident Loans – For Local Healthcare Professionals

This loan offers flexible financing options – including 100% financing – for medical and dental residents looking to purchase in the Iowa Corridor.

Construction and Lot Loans – Build Your Dream Home

A construction loan is a temporary line of credit used to finance the construction of a new house. Once the house is complete, the loan is refinanced into permanent financing, such as a 15 or 30 year loan.

Jumbo Loans – High Loan Amounts

Jumbo loans offer borrowers the ability to borrow more than the conforming limit (the maximum amount guaranteed by government-sponsored mortgage enterprises) on a single mortgage. The current maximum conforming loan limit is $766,550 .

USDA Loans – 100% Financing in Rural Communities

The United States Department of Agriculture (USDA) sponsors loans that offer 30 year fixed-rate financing with no money down for low- to moderate-income borrowers purchasing in a rural community. This government-backed loan can be a great option for a home purchase in eligible Iowa communities.

Federal Housing Administration (FHA)

Hills Bank can offer the benefits of the Federal Housing Administration program with down payments as low as 3.5%. Learn more about this program on the Department of Housing and Development’s website.

Veterans Affairs (VA) – Available to Veterans and Service Members

Service members, veterans, and eligible surviving spouses may qualify for VA loans and their benefits, including zero-down-payment loans and no mortgage insurance. Learn more about VA Loans on the U.S. Department of Veterans Affairs website.

Iowa Finance Authority (IFA) – Affordable Housing for Iowans

The Iowa Finance Authority strives to assist Iowans by preserving affordable housing and promoting economic development. Learn more about the home ownership programs and financing options available from the Iowa Finance Authority’s website.

Are you ready to get pre-approved?

Apply online or call any of our mortgage lenders to get started!