AMES Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Ames averaged 6.13% for the week of 2024-02-29, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-02-22) was 6.09% and one month ago for the week of 2024-01-25, the average rate was 5.88%.

Ames's average rate one year ago was 6.22%.

For refis of the same type during the week of 2024-02-29, the average rate was 6.49%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-02-29 6.94%
Ames 30 Year Fixed Rate 2024-02-29 6.13%
Ames 30 Year Fixed Rate Refi 2024-02-29 6.49%
Ames 15 Year Fixed Rate 2024-02-29 5.83%
Ames 15 Year Fixed Rate Refi 2024-02-29 6.36%
Ames 30 Year FHA 2024-02-29 6.36%
Ames 30 Year FHA Refi 2024-02-29 6.89%
Ames 30 Year USDA 2024-02-29 6.63%
Ames 30 Year USDA Refi 2024-02-29 6.83%
Ames 30 Year VA 2024-02-29 6.32%
Ames 30 Year VA Refi 2024-02-29 6.62%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within AMES, IA.

AMES Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the AMES, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
IOWA BANKERS MORTGAGE CORPORATION 196 4.61% $2,130
Wells Fargo Bank 94 4.76% $2,789
GREENSTATE CREDIT UNION 81 4.02% $2,043
INLANTA MORTGAGE, INC. 46 5.34% $3,207
QUICKEN LOANS, LLC 34 4.86% $6,701
Capitol Federal Savings Bank 34 4.60% $2,701
GREATER IOWA CREDIT UNION 34 4.48% $1,909
AMERICAN PACIFIC MORTGAGE CORPORATION 32 5.13% $4,831
VERIDIAN CREDIT UNION 29 4.51% $1,801
U.S. Bank 27 4.81% $3,016
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 4.92% $4,340
Bankers Trust Company 24 4.30% $2,158
Northwest Bank 23 4.67% $3,862
Collins Community Credit Union 21 4.21% $1,904
Lincoln Savings Bank 19 5.22% $2,701
First Interstate Bank 16 4.26% $2,994
Luana Savings Bank 16 4.46% $2,183
Deere Employees Credit Union 13 3.11% $2,451
Truist 13 4.01% $4,605
LAND HOME FINANCIAL SERVICES, INC. 12 4.75% $5,072
FRONTIER FINANCIAL, INC. 12 4.56% $2,539
HOMESERVICES LENDING, LLC 11 5.02% $3,741
MEMBERS1st Community Credit Union 11 4.22% $3,965
HOMESIDE FINANCIAL, LLC 10 5.20% $3,277
UNITED WHOLESALE MORTGAGE, LLC 10 6.16% $3,783
GERSHMAN INVESTMENT CORP. 9 4.33% $2,482
Premier Credit Union 8 4.25% $4,509
PENNYMAC LOAN SERVICES, LLC 8 4.66% $3,437
Fidelity Bank 8 4.92% $2,950
Central Bank 7 3.99% $3,379
United Bank of Iowa 7 4.32% $2,829
Farm Credit Mid-America, ACA 6 4.38% $6,058
Mr. Cooper ( Nationstar Mortgage ) 6 4.08% $5,622
GUARANTEED RATE, INC. 6 5.32% $5,270
Bank of the West 5 5.33% $4,155
BROKER SOLUTIONS, INC. 5 4.94% $4,430
LOANDEPOT.COM, LLC 5 3.00% $6,150
GUILD MORTGAGE COMPANY 5 5.55% $3,378
JPMorgan Chase Bank 5 5.03% $6,622
Barrington Bank & Trust Company, N.A. 4 5.15% $4,968
Flagstar Bank, FSB 4 3.99% $2,545
The Central Trust Bank 4 4.38% $2,841
Peoples Bank 4 4.34% $2,574
FREEDOM MORTGAGE CORPORATION 3 4.50% $6,307
COMPASS MORTGAGE, INC. 3 4.16% $4,319
DUPACO COMMUNITY 3 4.42% $3,181
Farmers State Bank 3 4.71% $1,637
VisionBank of Iowa 3 4.33% $1,558
Fortress Bank 3 6.00% $2,203
I. H. MISSISSIPPI VALLEY CREDIT UNION 3 3.79% $2,919
CITIZENS EQUITY FIRST 2 4.94% $2,772
THRIVENT Federal Credit Union 2 4.19% $2,925
CALIBER HOME LOANS, INC. 2 5.75% $3,801
Stifel Bank and Trust 2 4.50% $2,128
ROYAL UNITED MORTGAGE LLC 2 6.00% $5,200
AmeriHome Mortgage Company, LLC 2 4.94% $3,049
Great Southern Bank 2 6.06% $2,317
ENVOY MORTGAGE, LTD 2 5.75% $2,697
DAS Acquisition Company, LLC 2 4.75% $4,373
NEWREZ LLC 2 5.25% $6,034
NAVY FEDERAL CREDIT UNION 2 6.50% $2,951
HOME POINT FINANCIAL CORPORATION 2 3.06% $5,844
Community Choice Credit Union 2 5.00% $2,120
American Bank & Trust 2 3.88% $2,971
CHURCHILL MORTGAGE CORPORATION 2 5.00% $3,701
Midwest Heritage Bank FSB 2 5.06% $2,286
Bank Iowa 2 5.06% $2,947
FIRST COMMUNITY MORTGAGE, INC. 2 3.75% $2,685
ZILLOW HOME LOANS, LLC 1 6.13% $2,821
ALTRA 1 3.78% $2,818
AMERICAN FINANCING CORPORATION 1 3.38% $15,209
American State Bank 1 4.13% $1,578
Amerifirst Financial, Inc. 1 3.88% $1,905
AMERISAVE MORTGAGE CORPORATION 1 4.88% $13,853
Arvest Bank 1 4.75% $3,497
Bank of America 1 3.75% $3,109
BETTER MORTGAGE CORPORATION 1 5.25% $4,133
BLACK HILLS FEDERAL CREDIT UNION 1 2.99% $6,154
CARDINAL FINANCIAL 1 3.99% $3,968
Carrington Mortgage Services, LLC 1 3.75% $3,933
Century Mortgage Company DBA Century Lending Company 1 3.75% $2,833
Chickasaw Community Bank 1 3.50% $2,607
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 4.88% $5,114
CMG MORTGAGE, INC. 1 5.13% $4,193
Core Bank 1 4.99% $3,068
CROSSCOUNTRY MORTGAGE, LLC 1 4.38% $3,594
FINANCE OF AMERICA MORTGAGE LLC 1 5.75% $2,850
FINANCIAL PLUS Credit Union 1 5.38% $1,981
First Federal Bank, A FSB 1 4.13% $2,735
First Savings Bank 1 5.25% $1,608
Flanagan State Bank 1 4.25% $5,871
Great Plains National Bank 1 6.63% $2,254
GSB MORTGAGE, INC. 1 4.25% $3,360
Ixonia Bank 1 5.88% $3,538
KINECTA 1 5.75% $2,657
LAKEVIEW LOAN SERVICING, LLC 1 5.63% $5,086
MORTGAGE ACCESS CORP. 1 5.38% $3,468
MOVEMENT MORTGAGE, LLC 1 3.25% $2,452
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.75% $4,349
OPEN MORTGAGE, LLC 1 5.99% $4,463
PENTAGON FEDERAL CREDIT UNION 1 5.50% $2,506
PHH Mortgage Corporation 1 3.25% $6,989
Plains Commerce Bank 1 5.13% $3,412
PNC Bank 1 5.00% $4,434
PREMIA MORTGAGE, LLC 1 3.98% $0
Primebank 1 3.50% $2,585
Princeton Mortgage Corporation 1 3.88% $4,211
Renasant Bank 1 4.88% $9,751
RUHL MORTGAGE, LLC 1 5.63% $81
Sunflower Bank 1 4.99% $4,027
THE FAMILY CREDIT UNION 1 3.50% $2,240
The Huntington National Bank 1 5.38% $3,811
UNION HOME MORTGAGE CORP. 1 6.00% $8,533
Vibrant Credit Union 1 3.75% $2,084
West Gate Bank 1 3.50% $1,732
WINGS FINANCIAL 1 5.00% $2,530
Wyndham Capital Mortgage, Inc. 1 6.38% $5,993
Ally Bank 1 4.00% $3,792

AMES Average Closing Costs & Other Stats

AMES, IA's 118 lenders originated 2,653 loans during 2022. The total origination value was $566,815,000, with an average loan value of $213,651.

AMES's average closing costs are $3,223.

The top AMES lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 196 loans originated. Their average total fees are $2,130, which is $659 lower than the next largest lender, Wells Fargo Bank.

The lowest fee AMES lenders (with over 10 loans originated) are VERIDIAN CREDIT UNION ($1,801), Collins Community Credit Union ($1,904), GREATER IOWA CREDIT UNION ($1,909), GREENSTATE CREDIT UNION ($2,043) and IOWA BANKERS MORTGAGE CORPORATION ($2,130).

The lowest rate AMES lenders (with over 10 loans originated) are Deere Employees Credit Union (3.11%), Truist (4.01%), GREENSTATE CREDIT UNION (4.02%), Collins Community Credit Union (4.21%) and MEMBERS1st Community Credit Union (4.22%).

AMES, IA Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
IOWA BANKERS MORTGAGE CORPORATION $117,610,000 $56,755,000 -51.7% 10.0%
Wells Fargo Bank $76,150,000 $31,160,000 -59.1% 5.5%
First National Bank, Ames, Iowa $26,610,000 $30,275,000 13.8% 5.3%
GREENSTATE CREDIT UNION $30,155,000 $23,825,000 -21.0% 4.2%
Merchants Bank of Indiana $20,060,000 n/a 3.5%
GREATER IOWA CREDIT UNION $31,820,000 $18,825,000 -40.8% 3.3%
VERIDIAN CREDIT UNION $18,475,000 $17,920,000 -3.0% 3.2%
Bankers Trust Company $31,590,000 $17,835,000 -43.5% 3.1%
INLANTA MORTGAGE, INC. $36,375,000 $17,675,000 -51.4% 3.1%
Northwest Bank $19,130,000 $16,850,000 -11.9% 3.0%
WINGS FINANCIAL $425,000 $15,120,000 3,457.6% 2.7%
QUICKEN LOANS, LLC $39,505,000 $14,850,000 -62.4% 2.6%
AMERICAN PACIFIC MORTGAGE CORPORATION $21,250,000 $14,030,000 -34.0% 2.5%
U.S. Bank $33,290,000 $13,755,000 -58.7% 2.4%
Availa Bank $12,080,000 $13,425,000 11.1% 2.4%
Luana Savings Bank $26,565,000 $10,685,000 -59.8% 1.9%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $16,685,000 $10,200,000 -38.9% 1.8%
Capitol Federal Savings Bank $3,750,000 $9,640,000 157.1% 1.7%
VisionBank of Iowa $55,580,000 $9,320,000 -83.2% 1.6%
Lincoln Savings Bank $19,070,000 $8,825,000 -53.7% 1.6%
Farmers State Bank $185,000 $7,585,000 4,000.0% 1.3%
First Interstate Bank $7,565,000 n/a 1.3%
Collins Community Credit Union $4,075,000 $6,945,000 70.4% 1.2%
Community Choice Credit Union $6,045,000 $6,665,000 10.3% 1.2%
Truist $11,165,000 $6,215,000 -44.3% 1.1%
Premier Credit Union $5,030,000 $6,065,000 20.6% 1.1%
Mortgage Research Center, LLC $8,865,000 $5,530,000 -37.6% 1.0%
RIVER VALLEY CREDIT UNION $8,740,000 $4,820,000 -44.9% 0.9%
Farmers State Bank $185,000 $4,770,000 2,478.4% 0.8%
United Bank of Iowa $2,785,000 $4,235,000 52.1% 0.7%
MEMBERS1st Community Credit Union $9,005,000 $4,210,000 -53.2% 0.7%
Deere Employees Credit Union $1,635,000 $4,170,000 155.0% 0.7%
JONES LANG LASALLE MULTIFAMILY, LLC $4,135,000 n/a 0.7%
GERSHMAN INVESTMENT CORP. $6,760,000 $4,005,000 -40.8% 0.7%
UNITED WHOLESALE MORTGAGE, LLC $3,105,000 $3,870,000 24.6% 0.7%
FRONTIER FINANCIAL, INC. $8,760,000 $3,745,000 -57.2% 0.7%
LAND HOME FINANCIAL SERVICES, INC. $9,720,000 $3,660,000 -62.3% 0.6%
HOMESERVICES LENDING, LLC $4,390,000 $3,605,000 -17.9% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $6,190,000 $3,130,000 -49.4% 0.6%
PENNYMAC LOAN SERVICES, LLC $5,380,000 $2,995,000 -44.3% 0.5%
BROKER SOLUTIONS, INC. $2,385,000 $2,830,000 18.7% 0.5%
HOMESIDE FINANCIAL, LLC $5,175,000 $2,675,000 -48.3% 0.5%
GUARANTEED RATE, INC. $2,410,000 $2,610,000 8.3% 0.5%
Fidelity Bank $7,755,000 $2,570,000 -66.9% 0.5%
City State Bank $2,455,000 n/a 0.4%
Barrington Bank & Trust Company, N.A. $2,670,000 $2,390,000 -10.5% 0.4%
Farm Credit Mid-America, ACA $3,125,000 $2,200,000 -29.6% 0.4%
NAVY FEDERAL CREDIT UNION $2,990,000 $2,095,000 -29.9% 0.4%
Chickasaw Community Bank $4,260,000 $2,015,000 -52.7% 0.4%
LOANDEPOT.COM, LLC $4,140,000 $1,995,000 -51.8% 0.4%
JPMorgan Chase Bank $491,585,000 $1,985,000 -99.6% 0.4%
FREEDOM MORTGAGE CORPORATION $15,265,000 $1,950,000 -87.2% 0.3%
The Central Trust Bank $1,030,000 $1,895,000 84.0% 0.3%
Central Bank $2,085,000 $1,860,000 -10.8% 0.3%
AMERISAVE MORTGAGE CORPORATION $4,045,000 $1,840,000 -54.5% 0.3%
Bank of the West $3,035,000 $1,820,000 -40.0% 0.3%
NEWREZ LLC $4,210,000 $1,720,000 -59.1% 0.3%
GUILD MORTGAGE COMPANY $3,885,000 $1,670,000 -57.0% 0.3%
Peoples Bank $5,880,000 $1,525,000 -74.1% 0.3%
GNB Bank $3,910,000 $1,490,000 -61.9% 0.3%
Flagstar Bank, FSB $3,275,000 $1,470,000 -55.1% 0.3%
USAA Federal Savings Bank $1,695,000 $1,220,000 -28.0% 0.2%
NEW DAY FINANCIAL, LLC $1,805,000 $1,215,000 -32.7% 0.2%
Midwest Heritage Bank FSB $5,705,000 $1,205,000 -78.9% 0.2%
CHURCHILL MORTGAGE CORPORATION $175,000 $1,195,000 582.9% 0.2%
Plains Commerce Bank $820,000 $1,135,000 38.4% 0.2%
American State Bank $325,000 $1,080,000 232.3% 0.2%
Bank Iowa $1,990,000 $1,080,000 -45.7% 0.2%
MID AMERICA MORTGAGE, INC. $1,440,000 $1,050,000 -27.1% 0.2%
Stifel Bank and Trust $1,050,000 n/a 0.2%
Wyndham Capital Mortgage, Inc. $350,000 $1,045,000 198.6% 0.2%
Ixonia Bank $1,040,000 $1,040,000 0.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $2,650,000 $1,015,000 -61.7% 0.2%
Servion, Inc. $1,005,000 $920,000 -8.5% 0.2%
AMERICAN FINANCING CORPORATION $740,000 $915,000 23.6% 0.2%
BETTER MORTGAGE CORPORATION $4,640,000 $865,000 -81.4% 0.2%
Great Southern Bank $610,000 $855,000 40.2% 0.2%
Fortress Bank $2,110,000 $830,000 -60.7% 0.1%
ENVOY MORTGAGE, LTD $825,000 n/a 0.1%
MidWestOne Bank $1,105,000 $815,000 -26.2% 0.1%
Carrington Mortgage Services, LLC $1,215,000 $770,000 -36.6% 0.1%
Great Western Bank $13,910,000 $770,000 -94.5% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $2,600,000 $745,000 -71.3% 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $305,000 $745,000 144.3% 0.1%
I. H. MISSISSIPPI VALLEY CREDIT UNION $2,525,000 $740,000 -70.7% 0.1%
21ST MORTGAGE CORPORATION $1,360,000 $670,000 -50.7% 0.1%
CALIBER HOME LOANS, INC. $5,760,000 $650,000 -88.7% 0.1%
COMPASS MORTGAGE, INC. $905,000 $635,000 -29.8% 0.1%
Community State Bank $150,000 $630,000 320.0% 0.1%
PNC Bank $620,000 n/a 0.1%
FIRST COMMUNITY MORTGAGE, INC. $235,000 $610,000 159.6% 0.1%
Two Rivers Bank & Trust $610,000 n/a 0.1%
ALTRA $145,000 $605,000 317.2% 0.1%
CITIZENS EQUITY FIRST $570,000 n/a 0.1%
AmeriHome Mortgage Company, LLC $350,000 $525,000 50.0% 0.1%
THRIVENT Federal Credit Union $15,000 $515,000 3,333.3% 0.1%
Vibrant Credit Union $595,000 $515,000 -13.4% 0.1%
The Bank of New Glarus $355,000 $505,000 42.3% 0.1%
UNION HOME MORTGAGE CORP. $270,000 $480,000 77.8% 0.1%
Renasant Bank $465,000 n/a 0.1%
Arvest Bank $755,000 $455,000 -39.7% 0.1%
DUPACO COMMUNITY $1,480,000 $450,000 -69.6% 0.1%
HOME POINT FINANCIAL CORPORATION $4,615,000 $450,000 -90.2% 0.1%
Primebank $440,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,090,000 $430,000 -60.6% 0.1%
Princeton Mortgage Corporation $430,000 n/a 0.1%
Century Mortgage Company DBA Century Lending Company $405,000 n/a 0.1%
NBKC BANK $405,000 n/a 0.1%
Bank of America $2,070,000 $390,000 -81.2% 0.1%
GSB MORTGAGE, INC. $385,000 n/a 0.1%
The Huntington National Bank $105,000 $385,000 266.7% 0.1%
VILLAGE CAPITAL MORTGAGE $1,010,000 $385,000 -61.9% 0.1%
Ally Bank $745,000 $380,000 -49.0% 0.1%
MARINE $730,000 $375,000 -48.6% 0.1%
PREMIA MORTGAGE, LLC $325,000 $375,000 15.4% 0.1%
Cambria Financial Group, LLC $550,000 $345,000 -37.3% 0.1%
First Federal Bank, A FSB $345,000 n/a 0.1%
Washington State Bank $470,000 $345,000 -26.6% 0.1%
American Bank & Trust $330,000 n/a 0.1%
DAS Acquisition Company, LLC $1,135,000 $330,000 -70.9% 0.1%
Fidelity Bank & Trust $320,000 n/a 0.1%
BLACK HILLS FEDERAL CREDIT UNION $195,000 $305,000 56.4% 0.1%
Flanagan State Bank $305,000 n/a 0.1%
V.I.P. MORTGAGE, INC. $305,000 n/a 0.1%
PHH Mortgage Corporation $295,000 n/a 0.1%
ALLIANT CREDIT UNION $285,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $490,000 $285,000 -41.8% 0.1%
KINECTA $285,000 n/a 0.1%
Simmons Bank $285,000 n/a 0.1%
MORTGAGE ACCESS CORP. $275,000 n/a 0.0%
Neighborhood Loans, Inc. $275,000 n/a 0.0%
THE FAMILY CREDIT UNION $55,000 $275,000 400.0% 0.0%
ROYAL UNITED MORTGAGE LLC $860,000 $270,000 -68.6% 0.0%
RUHL MORTGAGE, LLC $255,000 n/a 0.0%
FirstBank $650,000 $245,000 -62.3% 0.0%
RESIDENTIAL MORTGAGE NETWORK, INC. $540,000 $245,000 -54.6% 0.0%
Strong Home Mortgage, LLC $245,000 n/a 0.0%
Superior Credit Union, Inc. $245,000 n/a 0.0%
FINANCIAL PLUS Credit Union $235,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $160,000 $230,000 43.8% 0.0%
Holcomb Bank $225,000 n/a 0.0%
AMERICAN ADVISORS GROUP $145,000 $220,000 51.7% 0.0%
Chicago Mortgage Solutions LLC $270,000 $215,000 -20.4% 0.0%
CMG MORTGAGE, INC. $700,000 $215,000 -69.3% 0.0%
EVERETT FINANCIAL, INC. $215,000 n/a 0.0%
Core Bank $205,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $735,000 $205,000 -72.1% 0.0%
Paramount Bank $135,000 $205,000 51.9% 0.0%
Community Savings Bank $290,000 $200,000 -31.0% 0.0%
GAS AND ELECTRIC CREDIT UNION $165,000 $195,000 18.2% 0.0%
ZILLOW HOME LOANS, LLC $340,000 $190,000 -44.1% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $185,000 n/a 0.0%
Great Plains National Bank $185,000 n/a 0.0%
MAX Credit Union $185,000 n/a 0.0%
Bankers' Bank $630,000 $175,000 -72.2% 0.0%
Sunflower Bank $175,000 n/a 0.0%
West Gate Bank $420,000 $175,000 -58.3% 0.0%
Arbor Bank $155,000 n/a 0.0%
First Savings Bank $535,000 $155,000 -71.0% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $215,000 $155,000 -27.9% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $945,000 $150,000 -84.1% 0.0%
Tradesmen Community Credit Union $150,000 n/a 0.0%
Amerifirst Financial, Inc. $195,000 $145,000 -25.6% 0.0%
COMMUNITY 1ST CREDIT UNION $145,000 n/a 0.0%
Midwest Community Bank $145,000 n/a 0.0%
OPEN MORTGAGE, LLC $55,000 $135,000 145.5% 0.0%
Peoples Savings Bank $135,000 n/a 0.0%
FAY SERVICING, LLC $125,000 n/a 0.0%
WNB Financial, N.A. $125,000 n/a 0.0%
Hometown Equity Mortgage, LLC $120,000 n/a 0.0%
Figure Lending LLC $250,000 $115,000 -54.0% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $400,000 $115,000 -71.3% 0.0%
Cedar Rapids Bank and Trust Company $105,000 n/a 0.0%
Midstates Bank $105,000 n/a 0.0%
Old National Bank $105,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $95,000 n/a 0.0%
ALLIANT $585,000 $75,000 -87.2% 0.0%
LIMA ONE CAPITAL, LLC $75,000 n/a 0.0%
Union Bank and Trust Company $170,000 $25,000 -85.3% 0.0%
Centier Bank $15,000 n/a 0.0%

AMES's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 10.0% market share. In second place, with 5.5%, is Wells Fargo Bank, having originated $31,160,000 in loans. In third place, with 5.3%, is First National Bank, Ames, Iowa, having originated $30,275,000 in loans. In fourth place, with 4.2%, is GREENSTATE CREDIT UNION, having originated $23,825,000 in loans. In fifth place, with 3.5%, is Merchants Bank of Indiana, having originated $20,060,000 in loans.


AMES Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - AMES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $224,350 (12.2%) $254,620 (6.0%) 0.00 296
2018-02-01 $243,120 (13.6%) $262,187 (7.8%) 0.00 295
2018-03-01 $254,225 (7.1%) $274,272 (4.9%) 0.00 303
2018-04-01 $263,450 (7.5%) $281,018 (2.1%) 0.00 310
2018-05-01 $259,690 (0.1%) $274,137 (-1.1%) 0.00 334
2018-06-01 $249,900 (-2.1%) $269,824 (-5.0%) 0.00 368
2018-07-01 $237,250 (-0.1%) $258,323 (-4.5%) 0.00 383
2018-08-01 $237,000 (1.5%) $256,987 (-4.2%) 0.00 410
2018-09-01 $229,000 (1.8%) $247,258 (-3.8%) 0.00 450
2018-10-01 $219,950 (0.0%) $240,885 (-4.1%) 0.00 453
2018-11-01 $219,563 (4.1%) $239,389 (-3.2%) 0.00 426
2018-12-01 $219,900 (4.2%) $240,269 (-2.3%) 0.00 403
2019-01-01 $215,000 (-4.2%) $237,497 (-6.7%) 0.00 374
2019-02-01 $220,700 (-9.2%) $242,098 (-7.7%) 0.00 360
2019-03-01 $235,436 (-7.4%) $254,134 (-7.3%) 0.00 373
2019-04-01 $249,525 (-5.3%) $262,754 (-6.5%) 0.00 401
2019-05-01 $241,975 (-6.8%) $264,405 (-3.6%) 0.00 422
2019-06-01 $242,350 (-3.0%) $269,343 (-0.2%) 0.00 470
2019-07-01 $241,000 (1.6%) $262,269 (1.5%) 0.00 478
2019-08-01 $235,882 (-0.5%) $259,184 (0.9%) 0.00 474
2019-09-01 $229,705 (0.3%) $252,840 (2.3%) 0.00 472
2019-10-01 $221,450 (0.7%) $247,882 (2.9%) 0.00 468
2019-11-01 $220,950 (0.6%) $245,620 (2.6%) 0.00 411
2019-12-01 $225,000 (2.3%) $247,047 (2.8%) 0.00 368
2020-01-01 $224,825 (4.6%) $250,498 (5.5%) 0.00 338
2020-02-01 $224,450 (1.7%) $249,608 (3.1%) 0.00 340
2020-03-01 $239,900 (1.9%) $260,472 (2.5%) 0.00 360
2020-04-01 $240,000 (-3.8%) $260,844 (-0.7%) 0.00 350
2020-05-01 $245,000 (1.3%) $275,451 (4.2%) 0.00 325
2020-06-01 $250,950 (3.6%) $279,656 (3.8%) 0.00 328
2020-07-01 $250,425 (3.9%) $280,416 (6.9%) 0.00 299
2020-08-01 $251,150 (6.5%) $285,738 (10.3%) 0.00 282
2020-09-01 $258,475 (12.5%) $286,570 (13.3%) 0.00 278
2020-10-01 $266,000 (20.1%) $289,491 (16.8%) 0.00 280
2020-11-01 $271,950 (23.1%) $280,507 (14.2%) 0.00 242
2020-12-01 $271,375 (20.6%) $281,312 (13.9%) 0.00 203
2021-01-01 $288,000 (28.1%) $298,762 (19.3%) 0.00 166
2021-02-01 $289,950 (29.2%) $299,035 (19.8%) 0.00 148
2021-03-01 $283,975 (18.4%) $315,687 (21.2%) 0.00 157
2021-04-01 $270,000 (12.5%) $315,357 (20.9%) 0.00 166
2021-05-01 $271,500 (10.8%) $314,427 (14.2%) 0.00 163
2021-06-01 $266,500 (6.2%) $308,772 (10.4%) 0.00 160
2021-07-01 $260,000 (3.8%) $291,146 (3.8%) 0.00 167
2021-08-01 $249,000 (-0.9%) $282,935 (-1.0%) 0.00 186
2021-09-01 $247,500 (-4.3%) $286,812 (0.1%) 0.00 214
2021-10-01 $224,950 (-15.4%) $271,840 (-6.1%) 0.00 220
2021-11-01 $228,750 (-15.9%) $278,022 (-0.9%) 0.00 200
2021-12-01 $244,225 (-10.0%) $274,920 (-2.3%) 0.00 177
2022-01-01 $252,000 (-12.5%) $278,471 (-6.8%) 0.00 145
2022-02-01 $299,725 (3.4%) $311,684 (4.2%) 0.00 123
2022-03-01 $296,238 (4.3%) $312,031 (-1.2%) 0.00 125
2022-04-01 $289,000 (7.0%) $317,692 (0.7%) 0.00 127
2022-05-01 $297,500 (9.6%) $332,079 (5.6%) 0.00 168
2022-06-01 $292,375 (9.7%) $340,066 (10.1%) 0.00 174
2022-07-01 $299,900 (15.4%) $334,449 (14.9%) 0.00 186
2022-08-01 $293,000 (17.7%) $323,186 (14.2%) 0.00 164
2022-09-01 $283,333 (14.5%) $314,563 (9.7%) 0.00 177
2022-10-01 $279,000 (24.0%) $356,102 (31.0%) 0.00 188
2022-11-01 $296,725 (29.7%) $363,534 (30.8%) 0.00 167
2022-12-01 $300,000 (22.8%) $364,329 (32.5%) 0.00 164
2023-01-01 $309,375 (22.8%) $375,521 (34.9%) 0.00 157
2023-02-01 $327,975 (9.4%) $404,734 (29.9%) 0.00 144
2023-03-01 $311,225 (5.1%) $388,200 (24.4%) 0.00 158
2023-04-01 $330,950 (14.5%) $401,199 (26.3%) 0.00 152
2023-05-01 $332,175 (11.7%) $386,736 (16.5%) 0.00 183
2023-06-01 $318,500 (8.9%) $354,694 (4.3%) 0.00 219
2023-07-01 $316,200 (5.4%) $354,796 (6.1%) 0.00 231
2023-08-01 $317,750 (8.5%) $361,405 (11.8%) 0.00 224
2023-09-01 $317,500 (12.1%) $364,689 (15.9%) 0.00 235
2023-10-01 $308,450 (10.6%) $356,640 (0.2%) 0.00 247
2023-11-01 $315,125 (6.2%) $368,281 (1.3%) 0.00 231
2023-12-01 $302,450 (0.8%) $354,991 (-2.6%) 0.00 208
2024-01-01 $318,250 (2.9%) $355,331 (-5.4%) 0.00 188
AMES's median listing price for 2024-01-01 was $318,250, a difference of $8,875 (2.9%) versus the prior year and $15,800 versus the prior month.

AMES's median listing price comes in at 0% of the national average.

AMES's average listing price for 2024-01-01 was $355,331, a difference of $-20,190 (-5.4%) versus the prior year and $340 versus the prior month.

For the 2024-01-01 period, AMES had 188 MLS listings, a difference of -20 listings (-10%) versus the prior month and 31 listings (20%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - AMES (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,564 sqft
2018-02-01 0 days 1,541 sqft
2018-03-01 0 days 1,555 sqft
2018-04-01 0 days 1,609 sqft
2018-05-01 0 days 1,580 sqft
2018-06-01 0 days 1,557 sqft
2018-07-01 0 days 1,529 sqft
2018-08-01 0 days 1,533 sqft
2018-09-01 0 days 1,522 sqft
2018-10-01 0 days 1,515 sqft
2018-11-01 0 days 1,499 sqft
2018-12-01 0 days 1,501 sqft
2019-01-01 0 days 1,487 sqft
2019-02-01 0 days 1,509 sqft
2019-03-01 0 days 1,530 sqft
2019-04-01 0 days 1,541 sqft
2019-05-01 0 days 1,582 sqft
2019-06-01 0 days 1,552 sqft
2019-07-01 0 days 1,539 sqft
2019-08-01 0 days 1,525 sqft
2019-09-01 0 days 1,511 sqft
2019-10-01 0 days 1,501 sqft
2019-11-01 0 days 1,503 sqft
2019-12-01 0 days 1,501 sqft
2020-01-01 0 days 1,474 sqft
2020-02-01 0 days 1,472 sqft
2020-03-01 0 days 1,520 sqft
2020-04-01 0 days 1,535 sqft
2020-05-01 0 days 1,560 sqft
2020-06-01 0 days 1,562 sqft
2020-07-01 0 days 1,577 sqft
2020-08-01 0 days 1,565 sqft
2020-09-01 0 days 1,544 sqft
2020-10-01 0 days 1,552 sqft
2020-11-01 0 days 1,509 sqft
2020-12-01 0 days 1,499 sqft
2021-01-01 0 days 1,502 sqft
2021-02-01 0 days 1,499 sqft
2021-03-01 0 days 1,516 sqft
2021-04-01 0 days 1,502 sqft
2021-05-01 0 days 1,486 sqft
2021-06-01 0 days 1,471 sqft
2021-07-01 0 days 1,471 sqft
2021-08-01 0 days 1,464 sqft
2021-09-01 0 days 1,457 sqft
2021-10-01 0 days 1,439 sqft
2021-11-01 0 days 1,457 sqft
2021-12-01 0 days 1,453 sqft
2022-01-01 0 days 1,471 sqft
2022-02-01 0 days 1,475 sqft
2022-03-01 0 days 1,498 sqft
2022-04-01 0 days 1,481 sqft
2022-05-01 0 days 1,487 sqft
2022-06-01 0 days 1,482 sqft
2022-07-01 0 days 1,481 sqft
2022-08-01 0 days 1,459 sqft
2022-09-01 0 days 1,457 sqft
2022-10-01 0 days 1,475 sqft
2022-11-01 0 days 1,472 sqft
2022-12-01 0 days 1,481 sqft
2023-01-01 0 days 1,468 sqft
2023-02-01 0 days 1,492 sqft
2023-03-01 0 days 1,484 sqft
2023-04-01 0 days 1,495 sqft
2023-05-01 0 days 1,500 sqft
2023-06-01 0 days 1,502 sqft
2023-07-01 0 days 1,507 sqft
2023-08-01 0 days 1,521 sqft
2023-09-01 0 days 1,533 sqft
2023-10-01 0 days 1,519 sqft
2023-11-01 0 days 1,555 sqft
2023-12-01 0 days 1,550 sqft
2024-01-01 0 days 1,545 sqft
AMES's median listing age (time on market) for 2024-01-01 was 0 days.

AMES's median square footage for active listings during the 2024-01-01 period was 1,545 sqft. One year prior, the average listing was 1,468 sqft.

AMES, IA Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
50010 Ames, IA $770 $780 $920 $1,310 $1,540
50011 Ames, IA $830 $840 $1,000 $1,420 $1,680
50012 Ames, IA $810 $820 $980 $1,390 $1,640
50013 Ames, IA $780 $800 $940 $1,340 $1,580
50014 Ames, IA $830 $840 $1,000 $1,420 $1,680
50046 Ames, IA $800 $830 $990 $1,390 $1,610
50055 Ames, IA $840 $860 $1,040 $1,460 $1,710
50056 Ames, IA $780 $800 $940 $1,340 $1,580
50105 Ames, IA $680 $680 $820 $1,160 $1,340
50122 Ames, IA $780 $800 $940 $1,340 $1,580
50124 Ames, IA $680 $680 $820 $1,160 $1,340
50134 Ames, IA $680 $680 $820 $1,160 $1,340
50154 Ames, IA $720 $730 $860 $1,220 $1,440
50156 Ames, IA $680 $680 $820 $1,160 $1,340
50161 Ames, IA $680 $680 $820 $1,160 $1,340
50201 Ames, IA $680 $680 $820 $1,160 $1,340
50206 Ames, IA $780 $800 $940 $1,340 $1,580
50226 Ames, IA $840 $990 $1,200 $1,650 $1,740
50230 Ames, IA $780 $800 $940 $1,340 $1,580
50236 Ames, IA $680 $680 $820 $1,160 $1,340
50239 Ames, IA $780 $800 $940 $1,340 $1,580
50243 Ames, IA $760 $850 $1,030 $1,430 $1,580
50244 Ames, IA $690 $710 $840 $1,190 $1,400
50247 Ames, IA $680 $680 $820 $1,160 $1,340
50248 Ames, IA $680 $680 $820 $1,160 $1,340
50278 Ames, IA $680 $680 $820 $1,160 $1,340

2022 Average & Median Rent Data Statistics
AMES, IA average 1BR rent: $763, median: $790
AMES, IA average 2BR rent: $912, median: $930
AMES, IA average 3BR rent: $1,289, median: $1,325

AMES, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,515 $399,395,000 $263,627
Refi 372 $75,750,000 $203,629
Cash Out Refi 370 $61,630,000 $166,568
Home Improvement 216 $13,460,000 $62,315
Other 180 $16,580,000 $92,111

Ames's most frequently cited loan purpose was Home Purchase, with 1,515 originations. The 2nd most popular reason was Refi, with 372 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 657 $171,525,000 $261,073
4-5% 600 $124,080,000 $206,800
5-6% 556 $108,510,000 $195,162
6-7% 207 $38,795,000 $187,415
2.5-3% 194 $38,360,000 $197,732
<2.5% 98 $14,720,000 $150,204
7-8% 54 $6,320,000 $117,037
Over 8% 37 $1,675,000 $45,270

During 2022, Ames's most frequently originated rate bucket was 3-4%, with 657 originations.

Loan Sizing (AMES, IA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 971 $144,965,000 $149,295
$200k-400k 780 $212,180,000 $272,026
$100,000 or less 709 $37,275,000 $52,574
$400k-600k 129 $59,655,000 $462,442
$600k-1000k 49 $34,995,000 $714,184
$Over $1MM 15 $77,745,000 $5,183,000

AMES's loan sizing saw the bucket of loans from $100k-200k with 971 originations, totaling $144,965,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,032 $236,250,000 $228,924
60-80% 590 $183,040,000 $310,237
Under 20% 291 $12,995,000 $44,656
20-40% 232 $22,130,000 $95,388
40-60% 226 $40,340,000 $178,496
Over 100% 22 $6,780,000 $308,182

AMES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,032 originations, totaling $236,250,000 in origination value.