United Bank Of Iowa Mortgage Rates, Fees & Info

Ida Grove, IA

LEI: 2549002OCMCJIOOONI88

Tax ID: 42-0326042

5 stars - Updated: 4/17/25 - out of 5 stars, based on 17 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    United Bank Of Iowa is a smaller bank specializing in Home Purchase loans. United Bank Of Iowa has a high proportion of conventional loans. Their top markets by origination volume include: Storm Lake, Sioux City, Ames, Omaha, and Carroll among others. We have data for 12 markets. (Some data included below & more in-depth data is available with an active subscription.)

    United Bank Of Iowa has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. United Bank Of Iowa is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.92% 4/17/25
    30 Year Conventional Refi 6.43% 4/17/25
    30 Year Cash-out Refi 6.80% 4/17/25
    30 Year USDA Purchase 7.82% 4/17/25
    15 Year Conventional Purchase 6.77% 4/17/25
    15 Year Conventional Refi 6.06% 4/17/25
    15 Year Cash-out Refi 6.06% 4/17/25
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    United Bank Of Iowa Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from United Bank Of Iowa. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    306

    Origination Dollar Volume (All Markets)

    $36,170,000
    Show all (6) awards

    Relative Rate

    United Bank Of Iowa's average 30 year fixed mortgage rate was 7.01%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of 0.46%.

    Relative Fees (Closing Costs)

    United Bank Of Iowa's average total fees/closing costs for a 30 year fixed rate mortgage were $3,239.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $8,356.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 182 $20,490,000 $112,582 $2,968 7.17%
    Storm Lake, IA (FHA|USDA|VA) 27 $3,025,000 $112,037 $2,953 7.22%
    SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 29 $2,995,000 $103,276 $2,552 7.15%
    AMES, IA (FHA|USDA|VA) 12 $2,550,000 $212,500 $3,321 7.39%
    OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 22 $2,230,000 $101,364 $3,055 7.13%
    Carroll, IA (FHA|USDA|VA) 15 $2,095,000 $139,667 $2,209 7.28%
    Spirit Lake, IA (FHA|USDA|VA) 5 $985,000 $197,000 $0 7.15%
    DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 6 $790,000 $131,667 $3,418 6.96%
    Fort Dodge, IA (FHA|USDA|VA) 5 $545,000 $109,000 $2,958 7.08%
    COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $255,000 $255,000 $5,802 7.00%
    Spencer, IA (FHA|USDA|VA) 1 $145,000 $145,000 $4,887 7.63%
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $65,000 $65,000 $0 7.50%
    United Bank Of Iowa's top markets include Storm Lake, Sioux City, Ames, Omaha, and Carroll among others.

    Their top states include:
  • Iowa (FHA|USDA|VA)
  • Missouri (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Nebraska (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against United Bank of Iowa based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    SIOUXLAND FEDERAL CREDIT UNION
    Similarity Rank: 35
    South Metro Federal Credit Union
    Similarity Rank: 45
    FRONTIER FINANCIAL, INC.
    Similarity Rank: 144
    DUPACO COMMUNITY
    Similarity Rank: 234
    METRO CU
    Similarity Rank: 275
    First Dakota National Bank
    Similarity Rank: 396
    Exchange Bank
    Similarity Rank: 405
    CENTRIS FEDERAL CREDIT UNION
    Similarity Rank: 459
    Cobalt Credit Union
    Similarity Rank: 468
    CORNHUSKER BANK
    Similarity Rank: 560

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 272 $32,400,000 $119,118 $2,701 7.15%
    USDA 34 $3,770,000 $110,882 $4,184 7.41%

    For 2024, United Bank Of Iowa's most frequently originated type of loan was Conventional, with 272 originations. Their 2nd most popular type was USDA, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 207 $26,005,000 $125,628 $3,228 7.08%
    Refi 45 $5,425,000 $120,556 $2,291 7.11%
    Home Improvement 27 $1,565,000 $57,963 $1,660 7.75%
    Other 16 $1,470,000 $91,875 $2,236 7.73%
    Cash Out Refi 11 $1,705,000 $155,000 $3,043 7.00%

    For 2024, United Bank Of Iowa's most frequently cited loan purpose was Home Purchase, with 207 originations. The 2nd most popular reason was Refi, with 45 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 174 $23,150,000 $133,046 $3,239 7.01%
    15 Year 34 $3,350,000 $98,529 $2,747 7.04%
    Other 32 $4,250,000 $132,813 $1,262 7.60%
    20 Year 29 $3,495,000 $120,517 $2,488 7.09%
    10 Year 27 $1,375,000 $50,926 $996 7.90%
    5 Year 6 $360,000 $60,000 $0 7.71%
    1 Year 2 $140,000 $70,000 $0 7.13%
    3 Year 2 $50,000 $25,000 $0 6.90%

    For 2024, United Bank Of Iowa's most frequently cited loan duration was 30 Year, with 174 originations. The 2nd most popular length was 15 Year, with 34 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 99 $12,485,000 $126,111
    $<1k 81 $6,045,000 $74,630
    $2k-3k 23 $4,925,000 $214,130
    $3k-4k 4 $1,180,000 $295,000

    United Bank Of Iowa's average total fees were $3,239, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 99 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    7-8% 141 $16,735,000 $118,688
    6-7% 134 $17,310,000 $129,179
    Over 8% 22 $1,370,000 $62,273
    4-5% 7 $555,000 $79,286
    5-6% 1 $105,000 $105,000

    During 2024, United Bank Of Iowa's average interest rate for loans was 7.01%, while their most frequently originated rate bucket for loans was 7-8%, with 141 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 151 $8,695,000 $57,583 $2,329 7.28%
    $100k-200k 119 $16,625,000 $139,706 $3,309 7.09%
    $200k-400k 32 $8,530,000 $266,563 $3,913 7.01%
    $400k-600k 3 $1,355,000 $451,667 $4,944 7.46%
    $600k-1MM 1 $965,000 $965,000 $0 7.25%

    2024 saw United Bank Of Iowa place emphasis on $100,000 or less loans with 151 originations, totaling $8,695,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 74 $7,590,000 $102,568 $2,957 7.11%
    $50k or less 56 $4,120,000 $73,571 $2,392 7.16%
    $100k-150k 46 $6,640,000 $144,348 $3,167 7.15%
    $75k-100k 44 $5,460,000 $124,091 $3,353 7.24%
    $150k-250k 20 $2,930,000 $146,500 $2,585 7.42%
    $250k+ 14 $2,370,000 $169,286 $4,096 6.98%

    United Bank Of Iowa lent most frequently to those with incomes in the $50k-75k range, with 74 originations. The second most popular income band? $50k or less, with 56 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 65 $7,865,000 $121,000 $3,016 7.10%
    30-36% 50 $6,090,000 $121,800 $2,998 7.05%
    <20% 30 $3,080,000 $102,667 $2,887 7.09%
    38% 14 $1,430,000 $102,143 $2,801 7.66%
    39% 10 $1,390,000 $139,000 $2,853 7.29%
    36% 9 $1,005,000 $111,667 $3,010 6.88%
    40% 9 $995,000 $110,556 $3,158 7.26%
    37% 8 $1,050,000 $131,250 $3,571 6.92%
    41% 6 $660,000 $110,000 $1,630 7.75%
    45% 3 $355,000 $118,333 $2,769 7.00%
    43% 3 $495,000 $165,000 $4,024 7.29%
    >60% 2 $240,000 $120,000 $1,737 8.13%
    42% 2 $290,000 $145,000 $2,227 8.06%
    46% 1 $115,000 $115,000 $2,132 7.50%
    48% 1 $195,000 $195,000 $4,532 7.38%
    49% 1 $225,000 $225,000 $1,433 9.00%
    50-60% 1 $65,000 $65,000 $604 8.50%
    44% 1 $165,000 $165,000 $3,609 6.75%

    United Bank Of Iowa lent most frequently to those with DTI ratios of 20-30%, with 65 originations. The next most common DTI ratio? 30-36%, with 50 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 249 $28,665,000 $115,120 $2,917 7.16%
    Not applicable 45 $6,005,000 $133,444 $0 7.24%
    Not provided 2 $670,000 $335,000 $4,607 7.13%
    Asian 5 $385,000 $77,000 $2,985 7.20%
    American Indian 3 $255,000 $85,000 $2,987 7.08%
    Native Hawaiian or Islander 1 $105,000 $105,000 $4,162 7.25%
    Black 1 $85,000 $85,000 $3,592 7.63%

    Approval Rates

    Total approvals of all applications
    82.59%

    United Bank Of Iowa has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.18%

    United Bank Of Iowa has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 306 $36,170,000 $118,203

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    306 $36,170,000 $118,203

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $5,240,000 $119,091 $1,894 7.25%
    40-60% 47 $6,185,000 $131,596 $2,439 7.05%
    60-80% 70 $9,150,000 $130,714 $2,894 6.96%
    80-100% 99 $12,575,000 $127,020 $3,520 7.11%
    Under 20% 45 $2,925,000 $65,000 $1,079 7.72%