With a rough idea of how much house you can afford, your second step to buying is getting pre-approved for your loan. Pre-approval is based on your employment, income, assets, liabilities and available down payment to close on your home. Some sellers only accept offers from pre-approved buyers. 

The benefits of getting pre-qualified by a lender


How to pay for a home

A Mel Foster Co. real estate expert will show you various financing options and will include the impact of each option on the sale of your current home. Depending on the price of the home and/or the amount of your down payment, there may be several options that fit your personal situation. 

Loan types

Meeting with your lender

Gather all of your paperwork and be prepared for your appointment. Collect these documents: 

Housing assistance

You may qualify for housing programs that can make your home more affordable. 

Davenport NOW

For new construction or existing homes in Davenport, Iowa 

Rock Island Economic Growth Corporation Homebuyer Program 

For eligible homebuyers in Rock Island, Illinois 

Moline’s Planning and Development Department

For eligible home purchases or rehabilitation in Moline, Illinois 

Iowa Mortgage Credit Certificate

For eligible homebuyers in Iowa 

Military Homeownership Assistance Program

For eligible service members and veterans in Iowa