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The tools you need and the team you want.

We Understand.

Owning a home is one of life’s greatest pleasures – and responsibilities. That’s why choosing the right mortgage lender is such an important decision. Our home loan team offers you financial expertise combined with local market insight to provide the experience you deserve when making such a major financial transaction.

Trust us to know and explain the options available to you and guide you through the home-buying process efficiently and effectively.

Download our iCan Mortgage App to get started! 

  • Get Your Mortgage Loan Up to 20% Faster!
  • Submit Your Documents Electronically!
  • Easy To Use Payment Calculator!
  • Talk To Your Loan Officer!
  • And More!

Install The App Today!


Want to know more?

American Bank & Trust is a Nationwide Lender. We offer:

  • Conventional Home Loans
  • Military Grant Assistance from Iowa Finance Authority
  • FHA Loans with Small Down Payment Requirements
  • VA Loans with No Down Payment Requirement
  • USDA Rural Housing Loans with No Down Payment
  • First-Time Homebuyer Programs in Iowa and Illinois
  • In-House Loan Programs
  • Rock Island Economic Growth Program
  • Construction Loans to Build Your New Home or Major Remodel
  • Bridge Loans
  • Reverse Mortgages

Learn Mortgage Financing Basics

What you need to know about mortgage financing basics

On some loan programs you have to take a Homebuyer Education class approved by HUD.

Your credit score might affect the interest rate even if you qualify for the loan program.

On some government loan programs you can make too much income to qualify.

If you are self-employed, you will need the last two years of federal tax returns. If last year’s income is less than the previous years, this could affect loan approval.

The condition of the property could affect loan approval or the type of loan available.

If your income does not show on a tax return it cannot be counted. (Exceptions SSI or SSI disability or child support)

Family members can give the borrower a monetary gift so the borrower has funds to close the loan.

What questions you should be asking

Do I qualify for a VA loan and what are the benefits of this type of loan?

Do I qualify for a loan with no down payment?

Do I qualify for down payment assistance?

Why would a conventional loan be better than an FHA loan?

Who can pay for my closing costs?

Why would an FHA loan be better than a conventional loan?

What are the benefits of a loan with Private Mortgage Insurance (PMI)?

What is the best way to pay for Private Mortgage Insurance, monthly, up front or financed?

What you can do to make the process easier

Provide pay stubs that show current and year-to-date earnings and deductions

Provide last two to three years’ W2s and 1099s or K1s

Provide last two years’ federal tax returns and schedules

Provide last two years business tax returns if self employed

Provide last two months’ bank or credit union statements including sourcing any non payroll deposits

Provide divorce decrees, child or property settlement agreements


Don’t need a new home, just need to fix up your home?

We can help