Are there no closing costs refinance loans in Iowa

The term "no closing costs refinance loans" is a bit of a misnomer. Every refiance has closing costs. However, what some situations allow for is the lender can pay the loan costs with a rebate for a higher than "par" rate. The lender can take the rebate for the higher rate and apply it against the loan costs of the refinance. That effectively makes it a "no cost" refinance because the lender is paying the costs. I hope that helps.