First Time Homebuyer Loans

American Trust aims to help everyone in the Tri-State Area reach the dream of home ownership through some very special programs. So if you haven't owned your residence for the last three years*, you can qualify for our first time homebuyer programs.

Read about them below to see which one is best suited to your situation.

Iowa First Home

The Iowa First Home Single Family Program offers mortgage lending to individuals and families who otherwise might not qualify for a mortgage. They require less money down and typically lower rates.

  • Minimum down payment: 3%
  • Low interest rates
  • Fixed term mortgage of 30 or 25 years
  • Maximum purchase price and income limits apply (see one of our mortgage originators for details)
  • Single family, owner occupied properties only
  • Cannot be greater than 5 acres
  • Maximum of 15% of home can be used for business purposes
  • Personal service every step of the way
  • Local approvals
  • View our current rates

*This qualification is waived if the property is in a targeted area.


Iowa First Home Plus

The Iowa First Home Plus Program extends greater help for families needing more financial assistance. Low down payments are combined with closing costs aid.

  • Minimum down payment: 3%
  • $2,500 assistance for closing costs or down payment
  • Fixed term mortgage of 30 or 25 years
  • Maximum purchase price and income limits apply (see one of our mortgage originators for details)
  • Cannot be greater than 5 acres
  • Maximum of 15% of home can be used for business purposes
  • Personal service every step of the way
  • Local approvals

*This qualification is waived if the property is in a targeted area.