FHA-approved lender recommendations (Central Iowa)

4 Replies

Hi All, 

My wife and I are fiercely looking for our first multi-family property around central Iowa (Des Moines metro, Ames, etc.) to move into and house hack. We are currently renting, and this will be our first home purchase. We are looking to do an FHA loan, 3.5% down, owner occupied.

I have spoke to a few local banks about my financing options already but I wanted to write this post and see if anybody knows any good FHA-approved lenders around central Iowa I could go meet with. I want to meet with another 5-10 lenders and pick our best fit from a good sample size.

 I appreciate all the suggestions, thanks all! 

I would suggest Amy Smith at University of Iowa Community Credit Union. UICCU does some creative financing on their portfolio loans. At one time they were doing nothing down, no PMI (though really its baked into the interest rate), 90/10 loans.

Thanks Jason! I will definitely look into that option, I appreciate it. 

David Baker

Halo Capital, Des Moines

Apparently I'm not allowed to post his contact info here, so you'll have to google it I guess. 

I just did exactly what you are looking for. 3.5% down on a duplex. FHA Loan. Local business in Des Moines. David Baker is extremely thorough, so you need your financials in order. He doesn't guess at what you'll be qualified for, or if you'll be qualified. If he says you're qualified, you know it. He works with several lenders. I locked in at 3.75% for 30 years.


Originally posted by @Anthony Wick :

David Baker

Halo Capital, Des Moines

Apparently I'm not allowed to post his contact info here, so you'll have to google it I guess. 

I just did exactly what you are looking for. 3.5% down on a duplex. FHA Loan. Local business in Des Moines. David Baker is extremely thorough, so you need your financials in order. He doesn't guess at what you'll be qualified for, or if you'll be qualified. If he says you're qualified, you know it. He works with several lenders. I locked in at 3.75% for 30 years.

Thanks Anthony! I will reach out to them and set up a meeting. I appreciate the insight sir. 

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