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Available for down payment or closing cost assistance 

Community Bank & Trust has partnered with the Federal Home Loan Bank of Des Moines to offer Home$tart® grants* to be used for down payment or closing cost assistance to qualified home buyers!

The CBT Home$tart® grants are:*

  • Awarded on a first come, first-served basis.
  • Available to first-time home buyers only.
  • Eligible for use on fixed rate and adjustable rate mortgage (ARM) products.
  • Great with our CBT Community Mortgage - low down payment & no required mortgage insurance**

*Do not need to be a CBT client. However, you must obtain mortgage with CBT to qualify. Household income must meet qualifications. Grant approval by FHLB Des Moines. Subject to credit approval. Restrictions apply. Additional qualifications required. 

** Restrictions Apply. Additional Qualifications Required.

As a client of Community Bank & Trust, you can expect:

  • Our Community Mortgage1 Loan
    • Low down payment as little as 3.00%2
    • Great low-fixed rate options with no mortgage insurance (PMI)  
      • PMI is the insurance financial institutions traditionally require you to pay if you don’t have a 20% down payment.
    • For refinance and purchase
    • Loan stays with CBT
  • Conventional Loans
  • VA Loans
  • FHA Loans
  • Rural Development Loans
  • 1st Time Home Buyer Options
  • Construction Loan Financing
  • Refinance Options
  • Bi-weekly repayment plans
  • FREE pre-qualification loan process

1 The loan information is an overview. Please contact our CRA Mortgage Lender to discuss all the details and guidelines of our Community Mortgage Program and down payment/closing costs grants offered. Interest rates and program guidelines are subject to change at any time. All applications are subject to credit approval.

2 Grant(s) for down payment and/or closing cost assistance vary by household income, household size and geographic location.  Maximum income guidelines apply.  Minimum credit score of 650. 

Tina Hummel Small

Try Our Mortgage Calculators

  • Mortgage Comparison: 15 Years vs. 30 Years
  • Mortgage Payoff
  • Mortgage Qualifier
  • Mortgage Refinance Break Even
  • Rent vs. Buy

Do you know your Credit Score? CBT offers free 24/7 access to your score with Credit Sense - available through online banking and our mobile app.

If you've started to look for a home and are unsure how much you can afford, getting pre-qualified can give you an idea of your buying power.

For today's rates or any questions regarding refinancing and mortgage options, please contact Tina at 319-433-4991.