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Home Mortgage Loans for FIRST-TIME HOMEBUYERS.

MidWestOne's First Home Now program for first-time homebuyers

for first-time Homebuyers2

  • $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 

 

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2 Borrower income, property location and other restrictions apply. Homebuyer education course is required to be completed by borrower. $1,000 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.

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Are you a first time home buyer?

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When do you plan to purchase your home?

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What type of home will you buy?

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Where do you plan to buy a home?

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What's your credit score?

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Tell us more about you.

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Let's connect!
Please tell us how to contact you.

e.g. (123) 456-7890

e.g. example@email.com

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Your First Home Mortgage Loans.

Deciding to buy your first home is exciting, but can feel overwhelming when you aren't sure where to begin. Your friendly, local home loan lenders at MidWestOne Bank can help you get off the fence and take your first steps towards buying a first home. Our lenders will take the time to answer any questions you have as you apply for your first mortgage loan. We have helped first time home buyers realize their dreams in Iowa, Colorado, Wisconsin and across the Twin Cities metro area in Minnesota.

Why finance your first home with MidWestOne bank?

For many first-time buyers the hardest part is the first step. We are here to help make your dream of owning a home a reality. Our first-time homebuyer program was created to provide a simply better home buying experience, with an experienced mortgage team who will guide you every step of the way, access to FREE financial education resources, and available $500 closing cost credit1 when you save for your first home and finance it with MidWestOne.


Ready to get started? Click the button below to take your first step toward buying your first home.

Get Started

 

All loans subject to credit approval.

Get help with your closing costs.

Get a $500 credit1

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

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Family having fun while moving into their new home purchased with a MidWestOne home loan.

Owning a home may be more achievable than you think.

Your success as a first-time home buyer is our priority. That's why our experienced lenders will guide you every step of the home mortgage process. And when you apply, our lenders will help you find additional resources to make buying your first home easier, with down payment assistance programs, educational resources and prequalify your mortgage value so you know how much you can afford as you take your first steps. MidWestOne Bank is deeply rooted in the community, and we will do all we can to serve you.

Talk to a lender today to learn more about First Home Now and the availability of assistance programs and resources for first time home buyers

Down payment assistance

Our experienced mortgage team can help you find and qualify for down payment assistance programs available through your state.

Down Payment Assistance

Closing Cost Credit

MidWestOne wants to help you realize your dream of owning a home. Ask us how you can receive a $500 credit1 toward closing costs when you save for your first home.

Closing Cost Credit

Contact a Lender


Have questions? Contact a MidWestOne Mortgage expert.

  

 

1 To receive the $500 credit for closing cost, open a new MidWestOne personal savings account and have at least $1,000 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

Home Loan Calculators

Is it better to rent or own? Calculate the the costs of owning a home and estimate what you can afford. 

Check it out

Saving for your first home

Saving for your First home

Saving for a down payment is an important first-step in buying a home. Start saving today.

Get Started

First-Time Home Buyer Resources

 First-Time HomeBuyer Tips

Be ready when you're ready to buy a home, with 13 Essential Tips for First-Time Homebuyers.

Learn More

 

Get started.

Contact a MidWestOne Mortgage Lender to get started today.

Contact a Lender

Get Started

All loans subject to credit approval.


 

Woman and man on mobile device reviewing first time homebuyer loan options available at MidWestOne Bank.