Community is a Core Value at Bankers Trust, and we invest in the communities we serve by supporting growth, stability and volunteering our time. We strive to meet our communities’ lending and financial services needs with products and services that fit any budget. We offer several mortgage products, including down payment assistance programs, to help first-time homebuyers and low- to moderate-income households fulfill the dream of homeownership.
The Bankers Trust Community Lending Home Mortgage was specifically developed to better serve low- to moderate-income borrowers and neighborhoods by offering flexible underwriting options. Some of these include:
Lower down payment options, including gifted funds and down payment assistance.
Consideration of non-traditional credit, including rental, utility, insurance, and cell phone payment history, for borrowers with limited or no credit history.
No Private Mortgage Insurance (PMI), making your monthly payments more affordable.
Bankers Trust mortgage loan originators will assist in building a loan that fits your current financial situation. Start your mortgage loan prequalification online or contact one of our mortgage loan originators to get started.
Loans are subject to appraisal and additional underwriting requirements. Offer of credit is subject to credit approval. Minimum credit score of 680 or qualified non-traditional credit history when no credit score. Property must be located in Polk, Dallas, Story, or Warren County, Iowa. Property must be owner-occupied. Duplexes and multi-family properties not eligible. Borrower(s) income restricted to 80% or less of the area’s median family income or 120% or less if property is located in a low- or moderate-income geography. Contact a mortgage loan originator for more details.
This listing was reviewed by the provider on May 16, 2024.
Lori Slings
515-245-5624
NMLS ID 406021
Phyllis Fevold
515-598-4323
NMLS ID 406020
Olga Dobbins Oliver
515-222-2009
NMLS ID 571175