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Mortgage

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Our homegrown team has the experience and knowledge to assist you with making accurate, informed decisions to meet all your mortgage needs. With Ohnward’s competitive mortgage rates, we work hard to get you lower monthly payments, quicker payoffs, and lower costs over the life of your loan.

You work with a Mortgage Loan Officer face-to-face, someone you can get to know and trust, or talk to at any time. Someone that you know that lives and works in the same community you do. We’re certain you’ll find our service to meet and exceed your expectations. 

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  • Offer Assurance Program

    Many pre-qualification or pre-approval letters aren’t worth the paper they’re printed on. Most lending institutions are using only customer provided application information to prequalify your homebuyer. For what is most likely the largest purchase of your client’s life, lending institutions need to do better.
     
    At Ohnward Bank & Trust, we’ve developed the Offer Assurance program to give homebuyers and realtors peace of mind. When our customer receives our stamp of credit approval, you can confidently write offers knowing that their credit, income, and down payment have all been verified.
     
    The benefits of this program don’t stop with confidence in your homebuyer’s creditworthiness. By verifying this information up front, we’ve also gotten a head start on the loan process making a 30-day closing a breeze. Ohnward has never missed a closing date due to credit oversight and we intend to keep that streak alive.

    Apply Now 

  • Residential Mortgage Loans

    For most people, their home is the biggest purchase they will ever make. We understand the big decision on which lending partner to trust. Whether you’re purchasing your first home, a vacation home, or refinancing your existing home, we have options that keep your money where it belongs – in your pocket.

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  • Conventional Loans

    A conventional loan is a mortgage loan that's not backed by a government agency. Conventional loans are broken down into "conforming" and "non-conforming" loans. Terms for conventional loans can be varied and flexible for borrowers with good credit, down payments, and reserves.

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  • Construction Loans

    Let’s build your dream together. Construction loans are short-term, interim loans used for new home construction. The contractor receives disbursements as work progresses. Contact a dedicated, experienced Ohnward Bank & Trust loan officer to learn more about construction loans and to discuss current construction loan rates.

    Apply Now 

  • USDA Loans

    USDA loans, often referred to as RD (Rural Development) loans are zero-down-payment, low interest rate mortgages. The United States Department of Agriculture guarantees the loans, which are meant to help very low-to-moderate income buyers become homeowners. There are a few guidelines, including: the home must be in a rural area which the USDA defines as having a population under 35,000. There are a few suburban areas that meet the USDA criteria. 

    Eligibility Requirements

    • Must be located in an area deemed eligible by the USDA 
    • Meet USDA program income requirements which vary by state and county. All income producing individuals over age 18 that will occupy the home will be included in the total household income. 

    Apply Now 

  • Iowa Finance Authority

    With the help of Iowa Finance Authority mortgage and down payment programs, the dream of your own place is within reach. First-time homebuyers, experienced buyers, and everyone in-between can make use of these options.

    Apply Now 

  • VA Loans | Veterans Affairs

    VA loans help servicemembers, veterans, and eligible surviving spouses become homeowners. This program allows the borrower to borrow up to 100% of the purchase price of the new home with flexible income and credit requirements. The loan has an upfront VA Funding Fee with no monthly mortgage insurance fee, making this an excellent loan for an eligible veteran putting down 15% or less on the purchase of their new home. 

    As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. 

    Benefits 

    • Eligible participants do not have to be first time buyers 
    • No down payment 
    • Benefits can be reused 
    • Closing costs may be paid by the seller 
    • No private mortgage insurance requirement 
    • Flexible income and credit requirements 

    Apply Now 

  • FHA Loans | Federal Housing Administration

    A Federal Housing Administration (FHA) loan is a government-backed home mortgage loan with more flexible lending requirements than conventional loans. Because of this, it is a good option for borrowers with low down payments, first time buyers, or borrowers who may need more flexible credit and income requirements. FHA 203k loans allow for FHA purchase borrowers to get money to remodel or rehab the home they are purchasing. Modifications, remodeling etc. must be minor and completed by a registered or licensed contractor. No modifications are allowed that are considered structural to the home. 

    Modifications Allowed 

    • Roofing 
    • Siding 
    • Carpeting 
    • Flooring 

    Apply Now 

By phone, email or in person, our Ohnward Bank & Trust team will go the extra mile in helping you with your financial goals. Please visit or contact our team members listed below. Please do not send sensitive or personally identifiable information via unencrypted email to our team. It is not a secure way to send any information. Thank you.

Nick Miller  Ohnward Bank and Trust Monticello

Nick Miller | Monticello
nmiller@ohnwardbank.com
319-465-6173
NMLS# 503771

Pat Recker Ohnward Bank and Trust Monticello

Pat Recker | Cascade
precker@ohnwardbank.com
319-465-6173
NMLS# 503746

Eric Heims Ohnward Bank and Trust Central City

Eric Heims | Central City
eheims@ohnwardbank.com
319-438-6001
NMLS# 528225

Jake Ganske Ohnward Bank and Trust

Jake Ganske | Cedar Rapids/Marion
jganske@ohnwardbank.com
319-373-1371
NMLS# 571404

Don Green, Ohnward Bank & Trust

Don Green | Baldwin 
dgreen@ohnwardbank.com
563-673-5711
NMLS# 504610

Travis Eagle Marion

Travis Eagle | Marion
teagle@ohnwardbank.com
319-304-5462
NMLS# 516566

Sara Brennan, Ohnward Bank & Trust

Sara Brennan | Marion
sbrennan@ohnwardbank.com
319-304-5021
NMLS# 2378530

The following information is usually required during the loan process: 

  • Your Social Security number 
  • Previous two years W-2 forms 
  • Current pay stubs and your tax returns for the past two years 
  • Bank statements for the past two months 
  • Investment account statements for the past two months 
  • Recent retirement account statements 
  • Credit card balances and monthly payment information 
  • Auto loan balances and monthly payment information 
  • Personal loan balances and monthly payment information 

 If you currently own Real Estate: 

  • Mortgage account information 
  • Home insurance policy information 
  • Home equity account information (if applicable)