What Is a USDA Loan and Am I Eligible in Rural Areas?

Posted on February 14, 2026 by Midwest Family Lending Corp

Unlock the door to homeownership with zero down payment options in Iowa and the Upper Midwest.

Buying a home is the American Dream, but for many potential homebuyers in Urbandale, IA, and the surrounding rural communities, the biggest hurdle standing in the way is the down payment. Saving up 20%, or even 3.5%, of a home’s purchase price can feel overwhelming while managing rent and daily expenses.

But what if you didn’t need a down payment at all? What if you could buy a home just outside the bustling Des Moines metro area with 100% financing?

Enter the USDA Rural Development Loan. Often considered one of the best-kept secrets in the mortgage industry, this program is designed to boost homeownership in rural areas. At Midwest Family Lending, we specialize in helping families navigate these government-backed programs to find the perfect financial fit. Whether you are looking for your first starter home or your forever home, understanding USDA eligibility could save you thousands of dollars upfront.

What Exactly Is a USDA Loan?

A USDA loan is a mortgage loan guaranteed by the U.S. Department of Agriculture. The program’s primary goal is to improve the economy and quality of life in rural America by offering affordable financing options to low-to-moderate-income families.

Because the government guarantees a portion of the loan, lenders like Midwest Family Lending can offer more favorable terms, such as zero down payment and lower interest rates, to borrowers who might not qualify for conventional financing.

It’s Not Just for Farmers

One of the biggest misconceptions about the USDA loan is that you have to buy a working farm or live in the middle of nowhere to qualify. This is simply not true. The USDA’s definition of “rural” is surprisingly broad. Many suburban towns just outside of major cities like Des Moines, Omaha, or Sioux Falls often qualify.

If you are looking to buy a home in a smaller community or on the outskirts of Urbandale, you might be sitting on a goldmine of eligibility without even knowing it.

The Top Benefits of a USDA Rural Development Loan

Why should you consider a USDA loan over an FHA or Conventional loan? Here are the standout benefits that make this program a favorite among our clients:

  • 100% Financing (No Down Payment): This is the headline feature. Unlike FHA loans (which require 3.5% down) or Conventional loans (often 3-20% down), a USDA loan allows you to finance the entire purchase price of the home.
  • Lower Mortgage Insurance Costs: While USDA loans do require mortgage insurance (an upfront fee and an annual fee paid monthly), the rates are historically lower than those for FHA loans. This keeps your monthly payment more affordable.
  • Competitive Interest Rates: Because the loan is backed by the government, lenders can often offer rates that are lower than the market average for conventional loans.
  • Flexible Credit Guidelines: While a good credit history helps, the USDA program can be more forgiving regarding credit scores compared to strict conventional requirements.
  • Seller Concessions: The seller can contribute up to 6% of the sale price toward your closing costs, potentially allowing you to move in with little to no money out of pocket.

Am I Eligible? Understanding the Requirements

To take advantage of this program, you need to meet specific criteria regarding the property, your income, and your creditworthiness. At Midwest Family Lending, our team of experienced mortgage experts can help you verify your eligibility quickly.

1. Property Eligibility (The “Rural” Factor)

The home must be located in a USDA-eligible area. Generally, this includes open country and towns with a population of fewer than 35,000 people. In Iowa, vast stretches of the state are eligible. Even parts of Dallas County and areas surrounding the Des Moines metro can qualify.

Tip: Don’t assume a home is ineligible just because it’s near a city. Ask us to check the address for you!

2. Income Limits

The USDA loan is a means-tested program, meaning it is designed for low-to-moderate-income households. There are strict income caps based on the size of your household and the county where you are buying. If you earn too much, you may not qualify for this specific program, but we can help you explore other loan options.

Income calculations can be tricky because they include the income of all adult household members, not just the borrowers. However, there are deductions for childcare expenses, dependents, and elderly care that can help you stay under the limit.

3. Credit and Employment

While there is no fixed minimum credit score set by the USDA, most lenders look for a score of at least 640 for a streamlined approval process. You must also demonstrate a stable employment history, typically two years of consistent work.

Loan Comparison: USDA vs. FHA vs. Conventional

Feature USDA Loan FHA Loan Conventional Loan
Down Payment 0% 3.5% 3% – 20%
Mortgage Insurance Lower rates (Upfront & Annual) Higher rates (Upfront & Annual) PMI required if under 20% down
Location Requirement Must be in Eligible Rural Area No restrictions No restrictions
Income Limits Yes (Maximum income caps) No No
Credit Flexibility Moderate High Strict

Not sure which numbers work for your budget? Try our free mortgage calculators to estimate your monthly payments.

Why Work with a Local Mortgage Broker in Urbandale?

When dealing with government-backed loans like the USDA Rural Development program, experience matters. The guidelines can be complex, and having a team that knows the local landscape is invaluable.

Midwest Family Lending isn’t just a lender; we are your neighbors. We have been serving the community for over 25 years, helping families in Iowa, Nebraska, South Dakota, and Colorado say “Yes” to their dreams.

  • We Are Trustworthy: We have earned a 5-star reputation because we treat our customers like family. We look out for your best interests, not just the bottom line.
  • We Are Fast & Responsive: In a competitive housing market, time is money. We work proactively to keep you ahead of schedule.
  • We Are Connected: Real estate professionals recommend us because we have a track record of making “mortgage magic” happen behind the scenes.

Furthermore, we believe in giving back. Through our MFLCares initiative, we support local charities like the Huntington’s Disease Society of America – Iowa Chapter. When you work with us, you are supporting a business that supports your community.

Steps to Apply for a USDA Loan

  1. Get Your Ducks in a Row: The first step is a consultation. Contact us to discuss your goals and financial situation.
  2. Pre-Qualification: Complete our quick pre-qualification form. This gives us the data we need to check your income eligibility and credit.
  3. Property Search: Once you know your budget and eligible areas, you can start house hunting with a real estate agent. We can recommend trusted local agents if you need one!
  4. Application & Processing: Once you make an offer, we handle the heavy lifting—verifying documents, ordering the appraisal, and submitting your file to the USDA for approval.
  5. Closing: We guide you to the finish line so you can pick up your keys!

Frequently Asked Questions (FAQs)

1. Do I have to be a first-time homebuyer to use a USDA loan?

No! While USDA loans are fantastic for first-time buyers because of the zero down payment requirement, you do not have to be a first-time buyer to qualify. However, you generally cannot own another adequate home in the local area at the time of closing.

2. Can I use a USDA loan to refinance my current home?

Yes, but only if you currently have a USDA loan. The USDA offers a Streamlined Assist Refinance program that allows existing USDA borrowers to refinance for a lower interest rate with very little paperwork and often no appraisal. If you want to refinance a different type of loan into a USDA loan, it is more complex and subject to current restrictions.

3. What are the closing costs for a USDA loan?

Closing costs vary, but they typically range from 2% to 5% of the purchase price. The great news is that USDA loans allow the seller to pay up to 6% of the sale price toward your closing costs. Additionally, if the home appraises for more than the sale price, you may be able to roll some closing costs into the loan amount.

4. How strict are the inspection requirements?

The USDA requires the home to be safe, sanitary, and structurally sound. The appraisal acts as a basic check for these standards. If the appraiser flags issues like a failing roof or peeling paint (on homes built before 1978), those repairs must usually be completed before the loan can close.

5. Is there a maximum loan amount?

Unlike FHA or Conventional loans, the USDA does not have a set maximum loan limit. Instead, your loan amount is determined by your ability to repay the loan (your debt-to-income ratio) and the applicable income limits for your household size.

Ready to Make Your Move?

Don’t let the fear of a down payment keep you renting for another year. The USDA Rural Development loan might be the key to unlocking your new front door.

At Midwest Family Lending, we are dedicated to simplifying the process and guiding you toward the perfect loan. You deserve to feel confident and in control of the biggest purchase of your life.

Let’s get started today!

Apply Now to Check Your Eligibility
or
Find a Licensed Home Loan Originator Near You

Midwest Family Lending

Address: 2753 99th St, Urbandale, IA 50322
Phone: (515) 252-7107
Email: info@midwestfamilylending.com

Midwest Family Lending Corporation NMLS #4622. Equal Housing Lender. This content is for educational purposes and does not constitute a commitment to lend. Programs, rates, and terms are subject to change without notice.

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Your 2026 Homeownership Roadmap: Smart Strategies for Buying, Refinancing, and Building Wealth

Posted on February 7, 2026 by Midwest Family Lending Corp

If the last few years have taught us anything in the real estate world, it’s that timing is everything—but preparation is the key to success. As we look toward 2026, the housing market in Urbandale, IA, and the greater Des Moines metro area is presenting new opportunities for savvy homeowners and prospective buyers.

Whether you are looking to purchase your first home, upgrade to a property that fits your growing family, or leverage your current equity to build wealth, you need a plan. At Midwest Family Lending, we don’t just write loans; we treat you like family. Our goal is to guide you through the noise and help you make financial decisions that support your life goals.

This comprehensive roadmap will walk you through smart strategies for buying, refinancing, and wealth-building in 2026, tailored specifically for our Iowa neighbors.

1. The Urbandale & Central Iowa Market Outlook

Understanding the local landscape is the first step in your journey. While national headlines often paint a broad picture, real estate is hyper-local. In Urbandale and Polk County, we are seeing a market that is stabilizing, offering a more balanced playing field for buyers compared to the frantic pace of previous years.

For 2026, we anticipate:

  • More Inventory: As sellers who held off in 2024 and 2025 decide to move, more homes are hitting the market in neighborhoods across Des Moines.
  • Stabilized Rates: While no one has a crystal ball, the volatility of interest rates is expected to level out, allowing buyers to budget with more confidence.
  • Continued Appreciation: Central Iowa remains a desirable place to live, meaning purchasing a home here continues to be a solid long-term investment.

Pro Tip: Don’t wait for the “perfect” market conditions. The cost of waiting often exceeds the benefit of a slightly lower rate, especially if home prices continue to rise.

2. Buying a Home in 2026: Getting Your Ducks in a Row

If buying a home is on your 2026 resolution list, success starts long before you visit an open house. As a trusted mortgage broker, we help you “get your ducks in a row” so you can make an offer with confidence.

The Mortgage Broker Advantage

Many homebuyers make the mistake of walking into a single bank and accepting whatever rate is offered. At Midwest Family Lending, we are Mortgage Brokers. This means we work for you, not the bank. We shop multiple lenders to find the specific loan product that fits your financial puzzle.

Why does this matter for your 2026 roadmap?

  • Lower Rates: By comparing wholesale rates, we can often find lower interest rates than retail banks.
  • More Options: We aren’t limited to one set of rules. We have access to Conventional, FHA, USDA, and VA loans.
  • Speed: In a competitive Urbandale market, our team is known for closing loans fast—often ahead of schedule.

Pre-Approval vs. Pre-Qualification

To be taken seriously by sellers in 2026, you need a solid pre-approval. A pre-qualification is just an estimate, but a pre-approval from Midwest Family Lending involves a thorough review of your finances. It turns you into a “cash-equivalent” buyer, giving you leverage in negotiations.

Spotlight: VA Home Loans for Iowa Veterans

If you are a veteran or active-duty service member, 2026 is the year to fully utilize the benefits you have earned. We specialize in VA Home Loans, which offer incredible advantages:

  • 0% Down Payment: Keep your savings in your pocket.
  • No PMI (Private Mortgage Insurance): This saves you hundreds of dollars monthly compared to conventional loans.
  • Competitive Rates: VA loans often come with some of the lowest interest rates available.

We are proud to serve those who served. If you are in Urbandale or anywhere in Iowa, let us help you maximize your Certificate of Eligibility (COE).

3. Refinancing Strategies: Work Your Equity

If you already own a home, your roadmap for 2026 should focus on optimization. Refinancing isn’t just about lowering your rate; it’s about restructuring your debt to build wealth faster.

Cash-Out Refinance: Consolidate and Renovate

  • Pay Off High-Interest Debt: Swap credit card debt (often 20% APR or higher) for a mortgage rate that is significantly lower. This can save you hundreds, sometimes thousands, in monthly cash flow.
  • Home Improvements: Reinvest in your property by finishing a basement or updating a kitchen, which further increases your home’s value.

Rate and Term Refinance

If you bought a home when rates were at their peak, 2026 might offer the window you have been waiting for to lower your monthly payment. Even a small reduction in your interest rate can result in massive savings over the life of your loan. Click here to see if refinancing makes sense for you right now.

4. Building Wealth: The “Customers for Life” Approach

  • Consistency: Making regular payments builds equity.
  • Strategic Payments: Using our Extra Payment Calculator, you can see how adding just $50 or $100 a month to your principal can shave years off your mortgage.
  • Community Investment: We believe wealth is also about community health. Through our MFLCares initiative, we support local charities like the Huntington’s Disease Society of America (Iowa Chapter). When you work with us, you are working with a team that gives back to the Des Moines area.

Comparison: Local Mortgage Broker vs. Big Box Bank

Choosing the right partner is critical for your 2026 roadmap. Here is how Midwest Family Lending compares to a standard big-box bank.

Feature Midwest Family Lending (Broker) Big Box Bank / Online Lender
Loan Options Access to multiple lenders and hundreds of loan programs to find the best fit. Limited to their own specific bank products.
Interest Rates Wholesale rates often lower than retail. Set retail rates with little room for negotiation.
Local Knowledge Experts in Urbandale, Des Moines, and Iowa markets. We live here! Often located in out-of-state call centers; unfamiliar with local laws.
Service Speed Fast, responsive, and able to meet tight closing deadlines. Can be bogged down by bureaucracy and red tape.
Relationship You are treated like family. “Customers for Life.” You are often just a transaction number.

Frequently Asked Questions (FAQs)

1. Is 2026 a good time to buy a home if I am a first-time buyer?

Yes! Real estate is historically one of the safest long-term investments. While rates fluctuate, building equity is always superior to paying rent (which builds your landlord’s equity, not yours). We can help you explore first-time homebuyer programs that offer down payment assistance or favorable terms to get you into the market sooner.

2. What is the difference between a fixed-rate and an adjustable-rate mortgage (ARM)?

With a fixed-rate mortgage, your interest rate (and principal/interest payment) stays the same for the life of the loan (e.g., 30 years). With an ARM, the rate is fixed for an initial period (like 5 or 7 years) and then adjusts periodically based on market indices. ARMs can offer lower initial rates, which might be a smart strategy if you plan to move or refinance before the adjustment period begins.

3. How much cash do I really need to close on a home?

You will typically need funds for three things: Earnest Money (a deposit when you make an offer), the Down Payment (a percentage of the home price), and Closing Costs (processing fees, title insurance, etc.). However, with programs like VA loans (0% down) or USDA loans, your cash-to-close can be significantly lower. We also help negotiate seller credits to cover some of these costs.

4. Why should I choose a local Urbandale lender over an online app?

Real estate is local. Local real estate agents prefer working with local lenders like Midwest Family Lending because they know we deliver. We understand the local tax implications, we have relationships with local appraisers, and we are available when you need us—not just during banking hours in a different time zone. A strong local lender letter can actually make your offer more attractive to sellers.

Ready to Start Your Journey?

Your 2026 homeownership roadmap starts with a conversation. Don’t navigate the market alone. Whether you are looking to buy your dream home in Urbandale, refinance to save money, or just have questions about your options, The Midwest Family team is here to help.

We have earned our 5-star reputation because we are trustworthy, experienced, and we genuinely care about your success. Let’s get you home.

Get Started Today – Apply Online
Or call us directly: (515) 252-7107
Midwest Family Lending – You deserve to be treated like family!

Midwest Family Lending Corporation
NMLS #4622
Chuck West, President
2753 99th St, Urbandale, IA 50322
Equal Housing Lender. Licensed in Iowa, Nebraska, South Dakota, and Colorado.

The information provided in this blog post is for educational purposes only and does not constitute financial advice. Please consult with a licensed mortgage professional to discuss your specific situation.

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3 Ways a Mortgage Broker in Urbandale, IA Can Save You Money in 2025

Posted on September 4, 2025 by Midwest Family Lending Corp

As homebuying in and around Urbandale, IA, heats up in 2025, working with a mortgage broker like Midwest Family Lending (NMLS #4622) can save you thousands on your home loan. With Iowa’s housing market stabilizing and mortgage rates projected to dip into the low 6% range by late 2025, now is the perfect time to secure a home loan in the Des Moines metro area or rural Iowa. Whether you’re a first-time buyer or refinancing, a mortgage broker in Urbandale, IA offers unique advantages. Here are three ways Midwest Family Lending can help you save money and navigate the mortgage process with ease.

1. Access to Competitive Rates from Multiple Lenders

A mortgage broker connects you with multiple lenders, ensuring you get the best rates available. Unlike a single bank, Midwest Family Lending compares offers from various mortgage lenders to find the lowest interest rates and fees. With Iowa’s median home price at $226,900 in 2025, even a 0.5% rate reduction can save you thousands over the life of a 30-year loan.

  • Example: A $200,000 loan at 6.5% costs $1,264 monthly, but at 6%, it’s $1,199—a savings of $780 per year.
  • Local Insight: Urbandale’s balanced market means more inventory, giving brokers leverage to negotiate better terms.

Visit our loan programs page to explore options like FHA, VA, or conventional loans tailored to your needs.

2. Expert Guidance on Iowa’s Housing Market Trends

Central Iowa’s housing market is shifting, with a 21.1% increase in inventory and homes spending 54 days on the market. A mortgage broker in Urbandale, IA stays ahead of these trends, helping you time your purchase or refinance for maximum savings. Midwest Family Lending’s team, with over 25 years of experience, offers personalized advice to align your loan with market conditions.

  • Trend to Watch: Lower rates in 2025 may spark demand, potentially raising prices throughout the metro area.
  • Actionable Tip: Get pre-approved to lock in rates before competition heats up.

“Our goal is to save families money by providing a trusted mortgage advisor who has their best interest in mind,” says Chuck West, President of Midwest Family Lending. Learn more about our approach on our about page.

3. Avoiding Hidden Fees and Costly Mistakes

Navigating a mortgage can be complex, with risks like hidden fees or choosing the wrong loan type. A mortgage lender like Midwest Family Lending ensures transparency, reviewing loan terms to eliminate surprises. They also guide you through Iowa’s closing costs, which can vary based on loan type, helping you budget effectively.

  • Pro Tip: Check your credit score early to qualify for better rates.
  • Local Benefit: Familiarity with central Iowa’s market ensures accurate budgeting for homes near the Des Moines metro.

For more on Iowa’s market, check Norada Real Estate.

Common Questions About Working with a Mortgage Broker

Why Use a Mortgage Broker Instead of a Bank?

A mortgage broker shops multiple lenders, saving you time and securing better rates than a single bank might offer.

How Can I Save on Closing Costs in Urbandale?

Work with a broker to negotiate lender credits and compare closing cost estimates. Midwest Family Lending ensures transparency.

What Should I Do Before Applying for a Mortgage?

  • Review your credit and pay down high-interest debt.
  • Gather financial documents like pay stubs and tax returns.
  • Contact a mortgage broker in Urbandale, IA for pre-approval.

Why Choose Midwest Family Lending?

Midwest Family Lending (NMLS #4622) is a trusted mortgage broker with a proven track record in Urbandale. Our Google Business Profile showcases client reviews praising our dedication and expertise. Whether you’re buying your first home or refinancing, our team tailors solutions to save you money.

Get Started with Your Urbandale Home Loan Today

Ready to save on your mortgage in Urbandale, IA? Contact Midwest Family Lending for a free consultation. Discover how our expert mortgage lender team can secure the best rates for you. Visit https://www.midwestfamilylending.com/ to start your homebuying journey today!

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Senate Passes Homebuyers Privacy Protection Act: What It Means for Iowa Homebuyers

Posted on July 17, 2025 by Midwest Family Lending Corp

As a trusted mortgage broker in Urbandale, IA, Midwest Family Lending is excited to share a major update that could make your homebuying journey smoother and less stressful. On June 12, 2025, the U.S. Senate unanimously passed the Homebuyers Privacy Protection Act (S. 1467), a bipartisan bill aimed at curbing abusive mortgage “trigger leads” and reducing unwanted spam calls, texts, and emails for homebuyers. With the House passing a companion bill (H.R. 2808) on June 23, this legislation is closer than ever to becoming law, promising significant relief for prospective homeowners in Iowa and beyond.

Here’s what this means for you and how Midwest Family Lending, your local mortgage lender, can guide you through the homebuying process with ease.

What Are Mortgage Trigger Leads?

When you apply for a mortgage, your credit inquiry often “triggers” credit bureaus like Equifax, Experian, and TransUnion to sell your personal information to third-party lenders and brokers. This practice, known as a trigger lead, results in a flood of unsolicited calls, texts, and emails—sometimes over 100 within 24 hours—many of which can be misleading or predatory. According to the National Association of Mortgage Brokers (NAMB), these aggressive solicitations create confusion and frustration for homebuyers, especially during an already stressful process.

For Iowa residents exploring homeownership, whether located in metro areas like Des Moines or rural areas throughout the state, these spam contacts can make an exciting milestone feel overwhelming and frustrating.

How the Homebuyers Privacy Protection Act Helps You

The Homebuyers Privacy Protection Act, led by Senators Jack Reed (D-RI) and Bill Hagerty (R-TN), introduces strict limitations on trigger leads to protect your privacy. Key provisions include:

  • Prohibiting Unauthorized Sales: Credit bureaus can only sell trigger leads if the lender or broker has an existing financial relationship with you (e.g., a current mortgage or deposit account) or if you explicitly opt in to receive solicitations.
  • Reducing Predatory Practices: The bill amends the Fair Credit Reporting Act (FCRA) to curb deceptive marketing, ensuring you’re not bombarded with unsolicited offers.
  • Empowering Homebuyers: By limiting who can access your data, the legislation puts you in control, allowing you to focus on finding the right home in the great state of Iowa.

This bill has garnered widespread support from industry leaders like the Mortgage Bankers Association (MBA) and consumer advocacy groups, reflecting its importance for homebuyers nationwide.

Why This Matters for Iowa Homebuyers

In the Des Moines metro area, where the housing market is competitive and families are eager to settle near top-rated schools, the last thing you need is a barrage of spam disrupting your mortgage process. The Homebuyers Privacy Protection Act addresses local challenges by:

  • Simplifying Your Journey: Fewer distractions mean you can focus on working with a trusted mortgage broker like Midwest Family Lending to secure the best loan terms.
  • Protecting Your Privacy: With data privacy concerns on the rise, this bill ensures your personal information stays secure, giving you peace of mind whether you’re buying a home in Des Moines, Cedar Rapids or Council Bluffs.
  • Supporting Fair Lending: By reducing predatory solicitations, the legislation promotes a transparent and fair mortgage process, aligning with Midwest Family Lending’s commitment to ethical service.

What’s Next for the Legislation?

While the Senate and House have passed their respective bills, minor differences need to be reconciled before the legislation can be signed into law by President Trump. Industry advocates, including the MBA and NAMB, are optimistic about its passage, citing strong bipartisan support and the bill’s potential to transform the homebuying experience. If signed, the law will take effect six months later, offering relief to homebuyers across Iowa and the U.S.

How Midwest Family Lending Can Help

At Midwest Family Lending, we understand that navigating the mortgage process can be daunting, especially with the added stress of unwanted solicitations. As your local mortgage lender in Urbandale, IA, we’re here to provide personalized guidance and transparent solutions tailored to your needs. Our team is committed to:

  • Offering competitive mortgage rates and terms.
  • Explaining complex regulations like the Homebuyers Privacy Protection Act in simple terms.
  • Ensuring a stress-free experience from pre-approval to closing.

Ready to start your homebuying journey? Schedule a free consultation with Midwest Family Lending today to explore your mortgage options and stay informed about the latest industry updates. Visit our Google Business Profile to connect with us!

Midwest Family Lending, NMLS #4622, is proud to serve Urbandale and surrounding communities with integrity and expertise.

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VA Home Loans in Urbandale, IA | Veteran Mortgage Services by Midwest Family Lending

Posted on June 26, 2025 by Midwest Family Lending Corp

As a veteran or active-duty service member in Iowa, you’ve earned powerful homebuying benefits — and Midwest Family Lending (NMLS #4622) is here to help you maximize them with a VA home loan. Our experienced brokers provide personalized, one-on-one service guiding you through every step — from verifying eligibility to closing — so you can focus on moving into your new home.

Ready to get started? Contact us today to schedule your free consultation.

What Is a VA Loan and How Does It Work?

A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs and issued through private lenders. It allows eligible veterans, service members, and certain surviving spouses to buy (or refinance) a home with little or no down payment and no Private Mortgage Insurance (PMI).

Since 1944, VA loans have helped millions of military members and their families achieve homeownership. According to the VA, nearly 90% of VA home loans nationwide require no down payment. VA loans often offer better terms than conventional mortgages, making homeownership more accessible for veterans in Urbandale and across Iowa.

Key Benefits of VA Loans

Veterans and active service members choose VA loans for many reasons, including:

  • No Down Payment: Finance 100% of your home’s purchase price with $0 down, unlike conventional loans which often require 3-5%.
  • No Private Mortgage Insurance (PMI): Save hundreds each month as VA loans do not require PMI fees.
  • Lower Interest Rates and Fees: VA loans typically offer lower interest rates and capped lender fees, reducing your long-term costs.
  • Flexible Credit Requirements: The VA allows more flexible credit standards and higher debt-to-income ratios than conventional loans, helping more veterans qualify.
  • Veteran-Exclusive Benefits: Only eligible veterans, active-duty service members, and some surviving spouses qualify, including exemptions from funding fees for disabled veterans.
  • Assumable Loans & Refinance Options: VA loans can be assumed by qualified buyers, and refinancing options like IRRRL (Interest Rate Reduction Refinance Loan) make future refinancing easier.

Am I Eligible for a VA Loan?

To qualify for a VA loan in Iowa, you must meet one of the following:

  • Active Duty Service: At least 90 days of active-duty service during wartime, or 181 days during peacetime.
  • National Guard or Reserve: Minimum 6 years of service.
  • Honorable Discharge: Your service must have ended honorably.
  • Surviving Spouse: Eligible surviving spouses of service members who died in the line of duty may also qualify.

Our team will help you confirm your eligibility and assist in obtaining your Certificate of Eligibility (COE) from the VA — a necessary step for loan approval.

Why Choose Midwest Family Lending?

At Midwest Family Lending, we understand VA loans aren’t just paperwork — they’re your path to a new home. We are dedicated to providing:

  • Personalized Service: Direct access to your broker with expert knowledge of the Urbandale and Polk County housing market.
  • Clear Guidance: Transparent answers and support throughout your loan process.
  • Proven Success: Trusted by veterans and military families throughout Iowa, we don’t hand off your file to call centers — you get hands-on, local service.

Serving Iowa, Nebraska, South Dakota and Colorado

We proudly assist veterans throughout the upper midwest, including cities like Des Moines, Omaha, Sioux Falls and Denver.  Our deep knowledge of the VA Guidelines, coupled with our local knowledge, ensures you get expert mortgage advice that fits your needs.

Start Your VA Loan Application Today

Whether you’re purchasing your first home or refinancing with a VA IRRRL, now is the perfect time to use your earned benefits.

Let’s put your VA benefits to work and get you home.

Sources & Further Reading

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MFLCares 2025: Supporting Huntington’s Disease Society of America – Iowa Chapter

Posted on May 29, 2025 by Midwest Family Lending Corp

At Midwest Family Lending, community is at the heart of everything we do. Through our MFLCares program, we’ve long believed that giving back is not just a responsibility—it’s a privilege. For 2025, MFLCares is proud to put the full weight of our efforts behind a cause that hits close to home: supporting the Huntington’s Disease Society of America – Iowa Chapter (HDSA-IA).

Huntington’s Disease (HD) is a rare, inherited brain disorder that impacts thousands of families across the country—including our own. That personal connection is what drives us to raise awareness, educate the public, and support those who are affected.

More Than a Partnership—It’s a Mission

Our 2025 MFLCares mission is to raise awareness and foster understanding of Huntington’s Disease throughout our company, our customers, and the communities in which we live.  By supporting Huntington’s Disease Society of America, we aim to educate, inspire, and mobilize our team and the public to create a brighter future for those affected. 

We’ve launched a series of initiatives to bring this mission to life:

  • 🎥 Short Educational Videos – Throughout 2025, we are rolling out bite-sized videos explaining the basics of HD, sharing real stories from affected families, and highlighting research developments. These are designed to be shared—because awareness spreads one conversation at a time.  We invite you to watch, share, and learn more about Huntington’s Disease by visiting our dedicated page:
    👉 www.midwestfamilylending.com/hd
  • 👣 Team Hope Walk Participation – We’ve rallied around HDSA’s Team Hope Walk, promoting community participation and team fundraising. It’s more than just a walk—it’s a symbol of progress and hope. 
  • ⛳ Family Is Everything Golf Tournament – On June 23, Midwest Family Lending is hosting a charity golf outing to raise funds for HDSA-IA. It’s a day of fun with a purpose!  While his tournament is already full, sponsorships are still available, and donations are always welcome!  100% of proceeds go to HDSA-IA.
  • 🎲 Celebration of Hope Gala – “High Roller” Event– Save the date, November 15th at Glen Oaks Country Club! This is an evening of celebrating individuals in our HD community, learning the latest updates from our Center of Excellence, enjoying a delicious dinner catered by Glen Oaks, and an evening of gambling fun with a chance to win some great prizes!

Together, we can bring visibility to Huntington’s Disease and hope to the families it touches. Whether it’s through a share on social media, a donation, or walking alongside us at a Team Hope event, every bit of support counts.

Thank you for joining us in making a meaningful difference.

#MFLCares #HDSAIA #EndHD #HopeForHDFamilies #FamilyIsEverything #LetsTalkAboutHD

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Navigating the Spring Housing Market: Tips for First-Time Homebuyers

Posted on May 1, 2025 by Midwest Family Lending Corp

As the spring housing market heats up in Des Moines, IA, first-time homebuyers are stepping into one of the most competitive seasons of the year. Navigating this fast-paced market doesn’t have to be overwhelming—with the right guidance and preparation, you can position yourself for success.

At Midwest Family Lending, your trusted mortgage broker in Urbandale, IA, we’re here to help you make informed decisions and secure the right mortgage for your needs.

Why Spring Is a Prime Time to Buy

Spring tends to bring more listings, favorable weather for home tours, and renewed motivation from sellers. But it also comes with increased buyer activity, which can lead to multiple offers and faster sales. That’s why being prepared—both financially and strategically—is key.

Tip 1: Get Pre-Approved Early

Before you start browsing listings or attending open houses, it’s crucial to get pre-approved by a mortgage broker. Pre-approval gives you a clear understanding of your budget and shows sellers you’re a serious buyer.

✅ It helps you:

  • Stand out in a competitive market
  • Set realistic expectations
  • Speed up the closing process

At Midwest Family Lending, we offer fast, personalized pre-approvals tailored to your financial goals.

Tip 2: Know Your Mortgage Options

First-time buyers often qualify for special loan programs, but choosing the right one depends on your credit, income, and down payment ability. A local mortgage lender in Urbandale, IA can help you navigate your choices.

💡 Options we can help you explore include:

  • FHA Loans – Great for buyers with lower credit scores
  • VA Loans – For qualified veterans and active-duty military
  • Conventional Loans – With competitive rates and terms
  • USDA Loans – For homes in eligible rural areas

Learn more about the types of loans we offer.

Tip 3: Budget for More Than the Down Payment

Beyond your down payment, you’ll also need to plan for closing costs, inspection fees, insurance, and other up-front expenses. Our team helps you break down the numbers so you’re financially prepared at every step.

🎯 Want to estimate your payments now? Try our mortgage calculator tool to get started.

Tip 4: Work with a Local Expert

A national lender might not understand the unique dynamics of the Des Moines housing market. That’s why working with a local mortgage broker like Midwest Family Lending gives you a strategic advantage.

We know the area, the homes, and the pace—and we’re available to walk you through the process personally.

📍 Check out our Google Business Profile to see what local homebuyers are saying about us.

Tip 5: Be Ready to Act Quickly

Spring homes go fast—especially those priced right. When you’ve done the prep work in advance, you can move confidently and submit offers before someone else beats you to it.

MLFCares

We believe in giving back to the communities we serve. Visit MFLCares, our philanthropic program dedicated to supporting local charities and making a meaningful impact. This year, MFLCares supports Huntington’s Disease Society of America – Iowa Chapter

Ready to Buy Your First Home?

Don’t miss your opportunity this spring. Whether you’re still researching or ready to get pre-approved, our team is here to help.

📞 Schedule your free mortgage consultation

📍 Visit us on Google Maps

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Why Choosing a Local Mortgage Broker in Des Moines, IA Can Make All the Difference

Posted on April 17, 2025 by Midwest Family Lending Corp

Navigating the mortgage process in Des Moines, IA, can feel overwhelming with countless options and terms. A trusted local mortgage broker like Midwest Family Lending simplifies it, ensuring you secure the best mortgage for your needs.

What is a Mortgage Broker?

A mortgage broker acts as an intermediary between you and lenders, accessing multiple financial institutions for better rates and terms than a single bank can offer. A local broker in Urbandale, like Midwest Family Lending, understands the market and provides tailored advice.

Why Choose a Mortgage Broker in Des Moines, IA?

1. Local Expertise for a Smooth Process

A local broker knows Des Moines’s property values, regulations, and community dynamics, ensuring a faster, easier process for buying or refinancing.

📍 Visit our Google Business Profile for more details.

2. Access to Multiple Lenders and Mortgage Options

Unlike banks, brokers work with various lenders, offering diverse options like conventional, FHA, or VA loans to match your financial goals.

The Best Mortgage Programs For You

3. Personalized Guidance Tailored to Your Needs

At Midwest Family Lending, we take time to understand your goals, offering tailored advice on loan options and explaining pros and cons for confident decisions.

4. Fast and Easy Mortgage Approvals

In a competitive market, speed matters. Our quick pre-approval process lets you focus on finding your dream home, not waiting for approval.

The Benefits of Working with Midwest Family Lending

Midwest Family Lending serves Urbandale and the Des Moines area with exceptional service:

  • Experienced Team: Decades of expertise in the mortgage industry.
  • Fast & Responsive Service: Quick, personalized assistance.
  • Wide Range of Options: Loans for purchasing or refinancing.
  • Local Knowledge: Helping neighbors achieve homeownership dreams.

Take the First Step Toward Homeownership in Des Moines, IA

Working with a local broker ensures personalized service and the best mortgage options. We guide you through the process with confidence.

Get Started Today!

📍 Visit us: 2753 99th Street, Urbandale, IA 50322

📞 Call us: (515) 252-7107

🌐 Learn more

Compliance Notice: Midwest Family Lending is an equal housing opportunity lender. All loans are subject to credit approval. NMLS ID: 4622.

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Why Choosing a Local Mortgage Broker in Des Moines, IA Can Make All the Difference

Posted on March 20, 2025 by Midwest Family Lending Corp

Navigating the mortgage process in Des Moines, IA, can feel overwhelming with countless options and terms. A trusted local mortgage broker like Midwest Family Lending simplifies it, ensuring you secure the best mortgage for your needs.

What is a Mortgage Broker?

A mortgage broker acts as an intermediary between you and lenders, accessing multiple financial institutions for better rates and terms than a single bank can offer. A local broker in Urbandale, like Midwest Family Lending, understands the market and provides tailored advice.

Why Choose a Mortgage Broker in Des Moines, IA?

1. Local Expertise for a Smooth Process

A local broker knows Des Moines’s property values, regulations, and community dynamics, ensuring a faster, easier process for buying or refinancing.

📍 Visit our Google Business Profile for more details.

2. Access to Multiple Lenders and Mortgage Options

Unlike banks, brokers work with various lenders, offering diverse options like conventional, FHA, or VA loans to match your financial goals.

Explore our mortgage options.

3. Personalized Guidance Tailored to Your Needs

At Midwest Family Lending, we take time to understand your goals, offering tailored advice on loan options and explaining pros and cons for confident decisions.

4. Fast and Easy Mortgage Approvals

In a competitive market, speed matters. Our quick pre-approval process lets you focus on finding your dream home, not waiting for approval.

The Benefits of Working with Midwest Family Lending

Midwest Family Lending serves Urbandale and the Des Moines area with exceptional service:

  • Experienced Team: Decades of expertise in the mortgage industry.
  • Fast & Responsive Service: Quick, personalized assistance.
  • Wide Range of Options: Loans for purchasing or refinancing.
  • Local Knowledge: Helping neighbors achieve homeownership dreams.

Take the First Step Toward Homeownership in Des Moines, IA

Working with a local broker ensures personalized service and the best mortgage options. We guide you through the process with confidence.

Get Started Today!

📍 Visit us: 2753 99th Street, Urbandale, IA 50322

📞 Call us: (515) 252-7107

🌐 Learn more

Compliance Notice: Midwest Family Lending is an equal housing opportunity lender. All loans are subject to credit approval. NMLS ID: 4622.

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Time to Refinance?

Posted on January 13, 2025 by Midwest Family Lending Corp

Refinance Your Mortgage in Des Moines, IA: Start Saving Today!

For homeowners in Des Moines, IA, refinancing your mortgage is one of the smartest financial moves you can make. Whether your goal is to lower your monthly mortgage payment, secure lower interest rates, or access the equity in your home, mortgage refinancing offers a range of benefits. At Midwest Family Lending, we are committed to helping homeowners in Iowa make informed decisions and achieve their financial goals.

What is Mortgage Refinancing?

Mortgage refinancing involves replacing your existing home loan with a new one, typically with better terms. This could mean securing a lower interest rate, reducing your loan term, or even tapping into your home’s equity. For homeowners in Des Moines, refinancing can be a way to save money, achieve greater financial flexibility, or fund significant life goals.

Refinancing essentially resets your mortgage terms, but with the right planning and guidance, it can set you on a path to a more secure financial future. At Midwest Family Lending, our loan officers simplify the process to ensure you feel confident every step of the way.

Why Refinance Your Mortgage?

There are plenty of reasons why homeowners consider refinancing, and each situation is unique. One of the most common motivations is to secure lower interest rates. If current rates are lower than what you originally locked in, refinancing can save you thousands over the life of your loan. Lower interest rates mean reduced monthly payments and more money in your pocket.

Refinancing can also help homeowners reduce their monthly mortgage payment by extending the loan term. For example, switching from a 15-year mortgage to a 30-year mortgage can significantly lower monthly costs, freeing up cash for other financial priorities. On the other hand, if your goal is to pay off your home sooner, refinancing to a shorter loan term can save you on interest and help you build equity faster.

Another reason to refinance is to access your home’s equity through a cash-out refinance. This option is especially useful if you’re planning major expenses like home renovations, paying for college, or consolidating high-interest debt. With a cash-out refinance, you can use your home’s value to support your financial goals while maintaining competitive loan terms.

Understanding Your Refinancing Options

When it comes to mortgage refinancing, there’s no one-size-fits-all solution. Homeowners in Des Moines have access to a variety of options depending on their financial situation and goals. One popular choice is a rate-and-term refinance, which focuses on changing the interest rate or the duration of the loan. This option is ideal if you want to save money on interest or adjust the length of your loan.

For those looking to tap into their home equity, a cash-out refinance is a great choice. This type of refinancing allows you to borrow against the value of your home while securing a new loan. It’s perfect for homeowners who need a lump sum for significant expenses or debt consolidation.

Another option is streamline refinancing, designed for FHA or VA loan holders. This is a faster, less expensive way to reduce your interest rate or monthly payments, making it an excellent choice for eligible borrowers.

Is Refinancing Right for You?

Deciding whether to refinance your mortgage depends on several factors. First, it’s essential to evaluate your current loan terms and compare them with today’s rates. If you’re paying a higher interest rate than what’s currently available, refinancing could lead to significant savings.

Your credit score also plays a critical role in determining whether refinancing is the right move. A strong credit score will help you qualify for the best rates and terms. If your credit has improved since you took out your original mortgage, you’re likely in a good position to refinance.

It’s also important to calculate the break-even point, which is how long it will take for your savings to offset the costs of refinancing. If you plan to stay in your home long enough to reach this point, refinancing is a smart choice.

Finally, consider your financial goals. Whether you want to save on monthly payments, pay off your home faster, or fund a major expense, refinancing can align your mortgage with your long-term plans. Midwest Family Lending offers personalized guidance to help you determine if refinancing is right for you.

How Midwest Family Lending Can Help

At Midwest Family Lending, we understand the unique needs of homeowners in Des Moines, IA. Our team is dedicated to helping you navigate the refinancing process with confidence. From evaluating your options to securing the best rates, we are here to provide expert advice tailored to your goals.

We take pride in offering personalized mortgage refinancing options that align with your financial priorities. Whether you’re exploring a rate-and-term refinance, cash-out refinance, or streamline refinance, our team will ensure a smooth and stress-free experience. As a trusted local lender, we are familiar with the Des Moines market and committed to helping you make informed decisions.

Start Your Refinancing Journey Today

Refinancing your mortgage is more than just a financial transaction—it’s an opportunity to secure a brighter financial future. By reducing your interest rates, lowering your monthly mortgage payment, or accessing your home’s equity, you can take control of your finances and achieve your goals.

If you’re ready to explore mortgage refinancing options in Des Moines, IA, contact Midwest Family Lending today. Our experienced team is here to answer your questions, guide you through the process, and help you start saving now. Let us show you how refinancing can transform your financial outlook.

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