FHA single-family mortgages in IOWA can have down payments as little as 3%. In some cases, FHA insurance allows homebuyers to finance approximately 97% of the value of their home purchased with their FHA mortgage.

FHA Loan Rates

August 22, 2014
30 Year Fixed
3.95% Rate
3.96% APR
15 Year Fixed
2.875% Rate
3.0% APR

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Often referred to as the American Heartland, Iowa has a diverse economy that is viewed as primarily agriculture-based since it lies in the heart of the Corn Belt. In reality, agriculture is a small portion of its overall economy. Manufacturing, biotechnology, finance, and government services contribute substantially to the state's business environment.

Iowa was listed as one of the safest states in which to live by the Insurance Journal in 2009. Iowa's largest cities include Des Moines, Cedar Rapids, Davenport, Sioux City, and Iowa City, all of which have populations below 200,000 based on 2008 Census Bureau estimates. Historical population counts reflect a state with single-digit population growth (by percentage) each decade, at best. Iowa, like other Midwestern states, is experiencing the brunt of rural flight as residents are choosing to move to urban centers. Some smaller communities are mitigating this declining population through gains in immigrant laborers.

Iowa is famous for the extremely successful wrestling program at the University of Iowa. Through 2010, the team had won 23 NCAA national titles and 34 Big Ten titles. Sports Illustrated named this program one of the top sports dynasties of the 20th century.

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