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Northwest Bank receives Gold Lender Designation from Iowa Finance Authority

posted on Monday, March 2, 2020 in Community News

gold lender designation with couple hugging

The Iowa Finance Authority (IFA) based out of Des Moines, IA recently announced that Northwest Bank has earned IFA’s Gold Lender designation for their outstanding efforts in assisting homebuyers in 2019. Northwest Bank is one of 18 institutions statewide that earned a top lender designation for 2019.

“I congratulate Northwest Bank who recently earned IFA’s Gold designation for 2019,” said IFA Executive Director Debi Durham. “IFA’s lender partners are the gateway to homeownership for thousands of Iowans each year.”

The Iowa Finance Authority offers mortgage and down payment assistance programs through a network of more than 400 lenders throughout the state. These partnerships allow Iowans the convenience of working with their local lender and access to IFA’s unique homeownership programs. More than 2,600 Iowans purchased a home through the assistance of IFA programs in 2019, more than any other year in IFA’s history.

Sara Frerichs, EVP, Director of Credit Administration at Northwest Bank in Spencer commented, “Northwest Bank is committed to helping the communities we serve, and our partnership with Iowa Finance Authority gives us the ability to offer various home loan programs so more individuals and their families can achieve the dream of owning their home.”

Homebuyers interested in learning more about homeownership programs available to them, including eligibility information should contact Northwest Bank at 800-678-4105 or visit for details and for a list of bank locations.

Northwest Bank is a $1.6 billion community bank that offers a full line of business, agricultural, mortgage, consumer deposit and lending services as well as wealth management and insurance services. Northwest Bank has offices located in Algona, Arnolds Park, Ankeny, Estherville, Fort Dodge, Humboldt, Le Mars, Milford, Sioux Center, Sioux City, Spencer, Spirit Lake, West Des Moines, Iowa and Omaha and La Vista, Nebraska.

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