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Loraine Riley

Since 1990, I have had the privilege of assisting families achieve their dreams of home ownership. Helping members make decisions that lead to their financial success is why I love working at Greater Iowa Credit Union. Because we are a cooperative financial institution, we are able to offer low-cost loans and the best mortgage rates in town. My goal is to make the home buying process as smooth and simple as possible.  Outside of work, I enjoy spending time camping at Saylorville Lake, biking the local trails and spending time with my family and friends.

GICU Offers

  • $300 lender credit2

  • Get started with as low as 0% down!1

  • Competitive rates and low closing costs

  • Variety of products including Conventional, FHA, VA, RD/USDA
  • Local servicing 10, 15, 20, and 30-year fixed-rate loans
  • Local processing and underwriting
  • Personal, timely, and attentive service

Fixed rate mortgages are the simplest and most conventional mortgage loan type. With a fixed and locked in interest rate, your principal and interest payment will not change over the life of your loan.

Today's Rates

Term

Rate
(no points paid)

 APR1 Payment Per $1,0001
30 Year Fixed 5.875% 5.925% $5.92
20 Year Fixed 6.125% 6.192% $7.24
15 Year Fixed 5.750% 5.834% $8.30

More Rates Apply Online

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GICU Office:
Ames, Ankeny, & Central Iowa
NMLSR ID #489074
515-954-1638
Email Loraine

1) APR = Annual Percentage Rate. Rates are subject to change at any time. Rates based on loan amount of $135,000. Rates shown are for 75% loan to value for all transactions. Purchase transactions have 30-day locks and refinance transactions have 60-day locks. Rates subject to change without notice. Loan must be secured by primary residence which is owner occupied. All loan approvals are subject to normal underwriting procedures. Any loan and its servicing may be sold on the market at any time. Actual rate may be higher based on credit history, occupancy, and LTV. Private Mortgage Insurance (PMI) may be required, depending on down payment amount. Posted rates are effective on the date listed and expire at 5:00 PM central. All loans subject to approval. Greater Iowa Credit Union is not responsible for typographical errors or omissions. Payment example: A loan of $135,000 with no down payment for 30 years at 6.99% APR will have a monthly payment of $897.25. The payment example does not include taxes or insurance and the actual payment obligation may be greater. 
2) Lender credit of $300 will be credited at the time of closing.  Credit available on first mortgage loan applications submitted by 10/31/25 and funded by 1/31/26.
Applicable Fees: Various fees based on loan amount can be charged (appraisals, title searches, mortgage filing fees, etc.). 

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