FHA Loans in Des Moines and Central Iowa
An FHA loan is a government-backed mortgage designed to help first-time homebuyers and families with moderate incomes buy a home with a lower down payment and flexible credit requirements. In Des Moines and Central Iowa, FHA loans are one of the most accessible paths to owning a home.
Quick Facts: FHA Loans in Central Iowa
2026 Polk & Dallas County Limit
$498,257 for a single-family home.
Minimum Down Payment
3.5% of the purchase price.
Minimum Credit Score
580 to qualify for the 3.5% down option.
Who Are FHA Loans For?
FHA loans are ideal for first-time homebuyers, families with limited savings for a down payment, and buyers who may have less-than-perfect credit histories. Because the Federal Housing Administration insures the loan, lenders can offer more forgiving qualification terms.
Key Benefits of FHA Loans
- Lower Down PaymentsYou can purchase a home with as little as 3.5% down, making it easier to transition from renting to owning.
- Flexible Credit RequirementsUnlike conventional loans, FHA guidelines are more accommodating for borrowers with past credit challenges.
- Seller Concessions AllowedSellers can contribute up to 6% of the purchase price toward your closing costs, reducing your out-of-pocket expenses.
Common Qualification Factors
To qualify for an FHA loan in Iowa, lenders will review several aspects of your financial profile. Here is what you generally need to know.
Credit Score
A minimum credit score of 580 is typically required to qualify for the low 3.5% down payment advantage.
Employment History
Lenders look for a steady two-year employment history, preferably with the same employer or in the same line of work.
Property Standards
The home you wish to buy must be your primary residence and meet specific FHA safety and habitability standards.
Common Mistakes to Avoid
Marlen Maddux
NMLS 1622760
Why Work With Marlen Maddux?
As a Branch Manager and Loan Officer at American Pacific Mortgage (NMLS 1622760), I bring years of experience helping families navigate the homebuying process. I understand that securing a mortgage can feel overwhelming, which is why I provide clear, honest, and bilingual (English/Spanish) guidance from application to closing.
Deep Local Expertise in Central Iowa
The Des Moines metro area offers incredibly diverse real estate options. Whether you are looking for a starter home in the growing neighborhoods of Ankeny, a family residence in Urbandale, or a property close to the city center in Des Moines or West Des Moines, I know the local market. I ensure your FHA loan is structured perfectly for the Central Iowa housing landscape.
We proudly provide FHA loans across Central Iowa, including Des Moines, Urbandale, and West Des Moines.
FHA Loan FAQs in Des Moines
Ready to See If You Qualify?
Take the first step toward homeownership in Central Iowa. Contact me today to discuss your FHA loan options and get pre-approved.
Marlen Maddux • NMLS 1622760 • American Pacific Mortgage