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Clear Lake Bank & Trust


Home$tart Program

Home$tart is a down payment and closing cost assistance program offered by Clear Lake Bank & Trust and the FHLB Des Moines to qualifying first time homebuyers.

Who can qualify for a Home$tart grant?

The Home$tart program is available to qualifying first time home buyers earning up to 80 percent of area median income for the location of the residence being purchased. Income limits are adjusted based on household size. Home$tart recipients must also:

  • Complete a home buyer education class
  • Qualify for mortgage financing with Clear Lake Bank & Trust Co.

You must have a signed Purchase and Sale Agreement to enroll in Home$tart.

How do I enroll in Home$tart?

Contact one of our mortgage lenders today to see if you are eligible for this special opportunity.

Are there any restrictions on the type of home I may purchase?
Home$tart grants may be used to purchase single-family homes, manufactured homes, condominiums and other types of residences. The home you purchase must be used for your primary residence. There are no neighborhood restrictions (i.e., type or location).

Are there restrictions on how the grant may be used?
Home$tart grants may be used for down payment and closing costs for purchase of a home.

What happens if I sell my house?
If your home is purchased with Home$tart assistance, it is subject to a five-year deed restriction requiring that you return a portion of the grant if you sell your home within five years. This amount will be prorated based on the length of time you own the home, and the funds will be taken from your sale proceeds. If you sell your home at a net loss or to another low- or moderate-income home buyer or if you lose your home through foreclosure, the prorata amount owed on your grant will be forgiven; in these cases, your title company should contact Clear Lake Bank & Trust to request a forgiveness review. However, if you live in the home for at least five years, you never have to repay the grant. It’s all yours!

Resource Guide for Home Buyers

Contact one of our mortgage lenders today to see if you are eligible for this special opportunity!

Cheryl Kurtzleben headshot
Cheryl Kurtzleben
Vice President
Real Estate Lending
NMLS #594062
Clear Lake: 641.355.2258

Chip Thiedeman
Vice President
Real Estate Lending
NMLS #412058
Garner: 641.925.2606

Kevin Hennessey
Kevin Hennessy
Mortgage Loan Officer
Real Estate Lending

NMLS #2277489
Mason City West: 641.428.9512



Brigitte Wilkins
Mortgage Loan Officer
NMLS #823765
Downtown Mason City: 641.450.5562