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    $ 1,200























     

    Get the green light on owning a quality home.

    Basic finances are as simple as playing the game Monopoly, but in the real world, finding a good lender to borrow at a fair, competitive rate can save real money. 
     
    Some lenders in Iowa offer various rates that can be 3% to 6% higher than their competitors.  On a $20,000 home this can be an additional $600 to $1200.

    Avoid paying Hotel rates when buying your own home by understanding the rules.
     
     


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     Facts from the report: "Rural Housing Institute Report on Fair Lending in  Iowa," prepared by the National Community Reinvestment Coalition & Fairness In Rural Lending, were used to compile the fair lending pages. The home lending report moved from it's original location when the original website home that housed the government created report on home ownership lending stopped being funded. The Rural Housing Institute is referred to as RHI and R.H.I. in some of the Fair Lending home pages.

     

    2002/04/05
    [PDF] "Iowa's 12th Graders Get An "F" In Personal Finance."
    -News Release -Iowa Finance Authority [IFAhome.com]
    2002/04/05
    "Top 25 FirstHome lenders for 2001 recognized."
    -News Release -Iowa Finance Authority [IFAhome.com]
    2002
    [PDF] "Top 25 FirstHome lenders for 2001."
    -Report -Iowa Finance Authority [IFAhome.com]
    2002/04/03 Fair-Lending
    "Study Finds Dramatic Increase in Subprime Home Lending."
    -Story by Jeff Ignatius -RiverCities' Reader [RCReader.com]
    2000
    American's own their homes in record numbers and Iowans beat the national average.

    U.S. Homeownership rates:
    1990 - 63.9% | 1995 - 64.7% | 1997 - 65.7% | 1999 - 66.8%

    Iowa 2000 Homeownership rates:
    2000 - 72.3%


    1998/06/18
    "More Mortgage Scams Target Elderly:  Burgeoning industry promises cheap loans. But beware of hidden charges.  One woman got socked with a $21,950 fee." ... There are "tens of thousands of unsuspecting borrowers who fall victim to high-pressure sales pitches - and sometimes outright fraud - from a growing number of finance companies that use fast-talking salesmen and a confusing pile of paperwork to sell expensive and inappropriate loans."
    -By Warren Richey
    -CSMonitor.com
     

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