Mortgage Loans for FIRST-TIME HOMEBUYERS.
for first-time homebuyers1
- $0 Down Payment
- No Private Mortgage Insurance
- 640 Minimum Credit Score
- Don't have credit? We may be able to help
- Up to 43% Debt to Income Ratio
- No Limits on Gift, Grant or Seller Contributions
Available only at MidWestOne
1 Borrower income, property location and other restrictions apply. Homebuyer education course is required to be completed by borrower. $1,000.00 borrower contribution toward closing costs is required. Homeowners insurance and flood insurance (if applicable) is required. Loan is subject to credit approval and standard loan fees apply. This offer is subject to change without notice. Please contact MidWestOne for complete program details.
Get help with your closing costs.
Get a $500 credit2
when you save $1,000 toward the purchase of your first home.
Open a new MidWestOne Personal Savings account and start saving today.
Application for MidWestOne home loan must be received by December 31, 2025
Your First Mortgage Loan.
Simplify your homebuying experience with the MidWestOne First Home Now program. As a first-time homebuyer, you'll get:
- A dedicated mortgage expert
- FREE homebuyer education course
- Simplified mortgage qualifications
- $500 closing cost credit2
Ready to get started? Click the button below to take the first step toward buying your first home.
Get Started Today
Owning a home may be more achievable than you think.
Your success as a first-time home buyer is our priority. Your lender will help you find additional resources to make buying your first home easier.
Down payment assistance
Our experienced mortgage team can help you find and qualify for down payment assistance programs available through your state.
Closing Cost Credit
Ask us how you can receive a $500 credit2 toward closing costs when you save for your first home.
2To receive the $500.00 credit for closing cost, open a new MidWestOne personal savings account and have at least $1,000.00 saved in the account when you apply for a first-lien home purchase loan with us. We must receive your loan application on or before 12/31/2025. Limit one per household. This promotion cannot be combined with any other offers and is not a commitment to lend. Mortgage loans are subject to credit approval.
Resources for first-time homebuyers.
Home Loan Calculators
Is it better to rent or own? Calculate the the costs of owning a home and estimate what you can afford.
Saving for your First home
Saving for a down payment is an important first-step in buying a home. Start saving today.
First-Time HomeBuyer Tips
Be ready when you're ready to buy a home, with 13 Essential Tips for First-Time Homebuyers.
Get started.
Contact a MidWestOne Mortgage Lender to get started today.
All loans subject to credit approval.
