NORTHWEST BANK RECOGNIZED AS A TOP COMMUNITY BANK LENDER IN IOWA BY THE USDA
on Tuesday, January 6, 2015
In Our News
The USDA Rural Development recognized Northwest Bank as one of Iowa’s most active mortgage lenders in loan originating and loan writing in 2014! Northwest Bank was acknowledged with 78 loans totaling $7.5 million. With those 78 loans, Northwest Bank was also recognized for having the state’s fourth highest loan originating total.
“We are very pleased to have such a strong relationship with the USDA,” said Sara Frerichs, Senior Vice President of Retail/Mortgage Loans at Northwest Bank. “Partnerships are critical to our ability to help rural Iowans achieve their homeownership dreams.”
Lenders accessed more than $246 million in guaranteed loans to make homeownership dreams a reality for more than 2,400 households in rural Iowa. USDA Rural Development’s home loan programs offer competitive interest rates, fixed terms and require no down payment to help eligible families living in rural communities and areas purchase new or existing homes. Loans, and some grants, are also available to help families make needed repairs to their homes. Their mission is to deliver programs in a way that will support increasing economic opportunity and improve the quality of life of rural residents.
Northwest Bank is a $1.37 billion community bank that offers a full line of business, agricultural, mortgage, consumer deposit and lending services as well as wealth management services. Northwest Bank has offices located in Algona, Arnolds Park, Ankeny, Estherville, Fort Dodge, Humboldt, Le Mars, Milford, Sioux Center, Sioux City, Spencer, Spirit Lake, Storm Lake, West Des Moines, Iowa and Omaha and La Vista, Nebraska.
Are you looking to buy? Northwest Bank offers a wide range of mortgage alternatives for home or real estate buyers. We offer adjustable-rate loans with rate ceilings for added assurance and fixed-rate mortgages in various terms on single family homes. FHA and VA Loans also are available.