Mortgage Loans

Buying a home is one of the most important purchases many people make in their lives. We’d like to help you make this purchase a reality. Our experienced lenders are ready to answer your questions and get you on the path to home ownership. Meet our Mortgage Team.

As a customer of Hills Bank, you receive the following services:

• Free pre-qualifying
• Free rate quotes
• Homebuyer seminars
• Quick approval time
• Local processing
• Visit the Hills Bank Mortgage Center for a loan decision in 20 minutes 24 hours a day
• Competitive rates and terms
• Home Equity Loans and Lines of Credit
• We’ll even point you in the direction of many affordable first time homebuyer programs

It's easy to apply for a Hills Bank mortgage:

• Contact a mortgage lender at any Hills Bank location to make an appointment
• Visit the Hills Bank Mortgage Center to apply online 24 hours a day

To prepare for your appointment with a mortgage lender, follow this mortgage checklist of information to bring with you.

• Copy of your Purchase Agreement
• Your two most recent pay stubs with year-to-date earnings. If you have had more than one job this year, provide your final pay stub from your previous employer
• The two most recent years' W-2's
• Your two most recent bank statements, or if the cash to close your loan comes from another source, provide documentation
• Your resident history for the last two years
  (we will need the name and address of the landlord/mortgage holder)
• Current homeowners' insurance provider and payment amount (if applicable)
• Current property taxes (if applicable)
• Loan and/or credit card information, including name, address, and account number of creditor
• Gift letter from relative(s)
• Construction contract, plans, and specs (construction loans only)
• Signed relocation agreement if your employer is paying for your move
• Divorce decree/stipulation if alimony, child support, or property settlement is involved (Note: Alimony, child support, or separate maintenance income need not be revealed if you choose not to have it considered for paying the loan)
• Certificate of resident alien status green card
• School transcripts if attended during the last two years
• Letter of explanation for adverse credit or an employment gap

Did you know? Hills Bank^® has a checking account just for homeowners. Our Homeowners' Checking offers you many great benefits, including:

• No minimum to open
• No minimum balance if home mortgage loan payment or home equity loan payment is automatically deducted from this account* or No minimum balance with a Hills Bank secondary market home loan
• 50 free personalized checks
• Unlimited check writing
• No annual fee debit card
• Unlimited free Hills Bank and non-Hills Bank ATM transactions (a fee may be imposed by a non-Hills Bank ATM owner)^^
• Free Hills Bank Online^SM


• Free PowerPay™
• Free check safekeeping of canceled checks, eStatement, or returned check images
• Free small safe deposit box for one year (or credit toward the fee for the first year of a larger box)***
• 0.25% consumer loan discount (one time use; not valid on home equity products)
• If automatic deduction is discontinued, the account converts to Free Checking.

* Subject to Iowa state sales tax
** Subject to Iowa state sales tax
*** Safe Deposit Box contents are not FDIC insured
^ Subject to credit approval
^^ A fee may be imposed by a non-Hills Bank ATM owner

131 Main Street, Hills IA 52235 • 1-800-HILLSBK
Member FDIC • Equal Housing Lender