(319) 363-8827

Buy a Home

Own a home in Waterloo,
Even If You Have Been Turned Down.

At Contract Exchange we see you as a person, not just a credit score, and take the time to understand your full financial situation instead of relying on strict, one size fits all guidelines. Our goal is to help more people in Waterloo and Black Hawk County become homeowners. If you have been putting your plans on hold, we are here to help.

 Call Now
Virtual Chat

No upfront fees. No judgment. Real solutions. Talk to a person.

Quick Check

See If Your Situation Fits.

A few simple questions to help us get to know your needs. No credit pull, no pressure, just an easy way to see how we can help you.

 apply now

Who This Is For

This May Be Right For You If You...

  • Have low or no credit
  • Are self employed or earn 1099 income
  • Carry a higher debt to income ratio
  • Are going through a divorce or need a fresh start
  • Have been turned down by a bank
  • Have non traditional income
  • Have been through bankruptcy
  • Want to start investing in real estate

How It Works

Four Steps to a Home Loan.

Call Us

Call us directly or click Virtual Chat to discuss your needs with our virtual help desk.

Apply

Complete your application. We review your information and discuss the financing options you may qualify for.

Buy with Confidence

Move forward knowing you have secure, reliable financing that meets your needs.

Close with Support

We are by your side through closing and beyond. Your loan stays with Contract Exchange.

Buying a Home on Contract is Real Home Ownership.

Have questions about the process, what is included, or what to expect? Our FAQ page covers it.

Visit our FAQs Page

Local to Waterloo

A Lender Who Knows Waterloo.

If a bank has already said no, that is not the end of the story. We help buyers across Waterloo, Black Hawk County, and the Cedar Valley find a path to real home ownership on terms that make sense.

Waterloo, Iowa

Cedar Falls, Iowa

Evansdale, Iowa

Black Hawk County, Iowa

The Cedar Valley

Waterloo FAQs

Questions We Hear From Waterloo.

Can I buy a home in Waterloo with bad credit?

Often, yes. We look at your full financial picture, not just a credit score. Many buyers in Waterloo and Black Hawk County who were turned down by a bank still qualify to buy a home on contract with us.

What is buying a home on contract?

Buying on contract is real home ownership. You build equity from day one while paying down your loan over time, on terms built around your situation. You can also rent or sell your home at any time.

Can I buy any home in the Waterloo area?

You can use our program to buy almost any home on the open market in the Waterloo area. We also have featured homes with low move in costs.

Are there upfront fees to get started?

No. There are no upfront fees and no credit pull to start. Call or use virtual chat, answer a few simple questions, and find out where you stand.

Why Waterloo Chooses Contract Exchange

  • 45+ years of experience
  • Flexible, non traditional solutions
  • Past credit problems accepted
  • Clear step by step guidance
  • Your loan stays local
  • A+ BBB rating

What Our Clients Say

“We are beyond pleased with the level of service and professionalism at Contract Exchange. They gave us clear expectations and followed through on every promise.”

- Sarah K.

Talk With A Real Person.

No pressure, no obligation. Just a clear conversation about your situation here in Waterloo.

 Call Now
Virtual Chat

Get In Touch

Start A Conversation

If you're navigating a real estate transaction in v or have questions about your options, we're here to help. No pressure, just clarity.

Find Us

Where We Work

Serving Waterloo and Black Hawk County. Our office is located in Cedar Rapids and we lend in all 99 Iowa counties.

Important Disclosure: Contract Exchange considers a variety of factors when evaluating loan applications and may consider applicants who do not meet traditional lending guidelines. However, loan approval is not guaranteed. All applications are subject to review of credit history, income, employment, assets, property information, debt obligations, and other underwriting requirements. Not all applicants will qualify. Loan amounts, down payment requirements, interest rates, terms, and closing timelines vary based on individual circumstances. References to credit challenges, prior loan denials, bankruptcy, self-employment, non-traditional income, or other financial situations do not guarantee approval or specific loan terms. Any examples of affordability, equity, or financing benefits are illustrative only and may not apply to every borrower. Terms and conditions apply.