AMES Mortgage Rates

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

30 Year Fixed Rate mortgages in Ames averaged 5.17% for the week of 2022-05-12, compared to the national average of 5.3% for the same period.

The average rate for the prior week (2022-05-05) was 5.24% and one month ago for the week of 2022-04-07, the average rate was 4.89%.

Ames's average rate one year ago was 3.14%.

For refis of the same type during the week of 2022-05-12, the average rate was 5.46%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-05-12 5.3%
Ames 30 Year Fixed Rate 2022-05-12 5.17%
Ames 30 Year Fixed Rate Refi 2022-05-12 5.46%
Ames 15 Year Fixed Rate 2022-05-12 4.6%
Ames 15 Year Fixed Rate Refi 2022-05-12 4.61%
Ames 30 Year FHA 2022-05-12 5.28%
Ames 30 Year FHA Refi 2022-05-12 5.32%
Ames 30 Year USDA 2022-05-12 5.17%
Ames 30 Year USDA Refi 2022-05-12 5.14%
Ames 30 Year VA 2022-05-12 5.23%
Ames 30 Year VA Refi 2022-05-12 5.15%
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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
IOWA BANKERS MORTGAGE CORPORATION 337 2.96% $1,933
Wells Fargo Bank 163 3.03% $2,234
INLANTA MORTGAGE, INC. 94 3.11% $3,027
GREENSTATE CREDIT UNION 88 2.98% $1,855
QUICKEN LOANS, LLC 88 3.06% $4,728
GREATER IOWA CREDIT UNION 64 3.01% $1,673
AMERICAN PACIFIC MORTGAGE CORPORATION 59 3.02% $3,000
U.S. Bank 52 3.13% $2,348
VERIDIAN CREDIT UNION 50 2.92% $1,754
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 3.14% $3,112
Northwest Bank 45 3.05% $2,403
Luana Savings Bank 40 2.91% $1,293
VisionBank of Iowa 35 2.92% $1,571
Truist Bank 34 2.87% $2,353
LAND HOME FINANCIAL SERVICES, INC. 31 3.18% $4,094
Bankers Trust Company 30 2.75% $1,796
Lincoln Savings Bank 27 2.92% $2,227
Great Western Bank 27 3.05% $2,445
FRONTIER FINANCIAL, INC. 26 2.96% $2,076
Fidelity Bank 21 2.70% $2,333
MEMBERS1st Community Credit Union 21 2.92% $3,865
Peoples Bank 18 3.04% $2,189
HOMESIDE FINANCIAL, LLC 17 3.13% $3,351
GERSHMAN INVESTMENT CORP. 17 3.20% $2,643
Midwest Heritage Bank FSB 14 2.91% $2,064
FREEDOM MORTGAGE CORPORATION 12 3.25% $2,488
STEARNS LENDING, LLC 11 3.20% $3,616
Collins Community Credit Union 11 3.17% $1,598
Mr. Cooper ( Nationstar Mortgage ) 11 3.40% $5,457
HOME POINT FINANCIAL CORPORATION 11 3.01% $2,583
Capitol Federal Savings Bank 11 2.94% $3,003
HOMESERVICES LENDING, LLC 11 3.07% $2,665
Premier Credit Union 9 3.44% $3,080
BETTER MORTGAGE CORPORATION 9 2.63% $4,132
Bank Iowa 8 3.06% $2,063
UNITED WHOLESALE MORTGAGE, LLC 8 3.13% $4,470
GUILD MORTGAGE COMPANY 8 2.97% $1,989
JPMorgan Chase Bank 8 3.06% $1,617
LOANDEPOT.COM, LLC 8 2.89% $4,946
AMERISAVE MORTGAGE CORPORATION 7 2.95% $4,614
I. H. MISSISSIPPI VALLEY CREDIT UNION 7 3.02% $2,314
CALIBER HOME LOANS, INC. 7 3.21% $3,106
Bank of America 7 3.00% $2,744
GUARANTEED RATE, INC. 7 3.19% $3,340
DUPACO COMMUNITY 6 3.00% $3,372
Farm Credit Mid-America, ACA 6 3.59% $6,394
Flagstar Bank, FSB 6 3.16% $2,322
Central Bank 6 3.10% $2,675
Gateway First Bank 6 3.00% $3,050
Bank of the West 6 3.65% $3,627
Chickasaw Community Bank 6 3.27% $3,960
BROKER SOLUTIONS, INC. 6 3.14% $3,460
Barrington Bank & Trust Company, N.A. 5 3.05% $2,785
ROYAL UNITED MORTGAGE LLC 5 3.30% $8,005
DHI MORTGAGE COMPANY, LTD. 5 2.82% $2,811
Community Choice Credit Union 5 3.13% $2,025
Farmers State Bank 4 3.47% $1,580
Deere Employees Credit Union 4 2.47% $2,224
Fortress Bank 4 2.97% $2,098
DAS Acquisition Company, LLC 3 3.04% $3,879
MARINE 3 8.03% $4,681
PENNYMAC LOAN SERVICES, LLC 3 3.08% $3,065
COMPASS MORTGAGE, INC. 3 3.21% $3,446
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.13% $6,463
The Central Trust Bank 3 2.99% $2,040
NEWREZ LLC 3 3.83% $6,043
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.33% $1,759
MidWestOne Bank 3 3.00% $1,965
United Bank of Iowa 3 3.38% $2,568
Raccoon Valley Bank 3 2.83% $1,831
Manufacturers and Traders Trust Company 2 3.00% $4,678
Ally Bank 2 3.38% $2,295
Tradition Mortgage, LLC 2 3.06% $2,033
Ixonia Bank 2 3.44% $3,109
Bankers' Bank 2 2.75% $3,697
Carrington Mortgage Services, LLC 2 3.06% $2,902
Plains Commerce Bank 2 2.94% $2,472
Bell Bank 2 2.87% $6,739
Bank Midwest 2 3.38% $2,366
Hills Bank and Trust Company 2 2.94% $1,890
Nations Lending Corporation 2 3.63% $4,395
ZILLOW HOME LOANS, LLC 1 3.63% $4,993
AMCAP MORTGAGE, LTD. 1 2.63% $4,389
American Airlines Federal Credit Union 1 2.75% $0
AMERICAN FINANCE HOUSE LARIBA 1 3.14% $3,810
AMERICAN FINANCING CORPORATION 1 3.25% $3,082
American State Bank 1 2.75% $5,015
Amerifirst Financial, Inc. 1 3.25% $3,095
Ameris Bank 1 3.25% $3,728
ANGEL OAK HOME LOANS LLC 1 7.13% $4,014
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.50% $1,815
Arvest Bank 1 2.88% $5,818
ATHAS CAPITAL GROUP, INC. 1 7.50% $8,889
BankIowa of Cedar Rapids 1 2.75% $1,843
BLACK HILLS FEDERAL CREDIT UNION 1 2.25% $4,844
Cambria Financial Group, LLC 1 2.88% $2,810
Capital Bank 1 3.25% $3,560
CHARTER WEST BANK 1 4.25% $2,535
Chicago Mortgage Solutions LLC 1 2.62% $860
CHURCHILL MORTGAGE CORPORATION 1 2.99% $2,766
CMG MORTGAGE, INC. 1 2.99% $2,695
Colonial Savings, F.A. 1 3.38% $3,019
Commerce Bank 1 2.88% $3,149
COMMUNITYAMERICA 1 3.00% $2,601
Community Savings Bank 1 2.63% $2,186
CROSSCOUNTRY MORTGAGE, LLC 1 3.13% $2,745
EMM LOANS LLC 1 2.75% $8,375
FINANCE OF AMERICA MORTGAGE LLC 1 2.99% $4,936
FirstBank 1 2.63% $1,811
First Federal Bank 1 2.88% $1,703
First Home Bank 1 2.75% $9,863
First National Bank of Omaha 1 2.75% $2,046
First PREMIER Bank 1 2.75% $2,650
FLAT BRANCH MORTGAGE, INC. 1 2.99% $2,149
GAS AND ELECTRIC CREDIT UNION 1 3.00% $2,965
Great Southern Bank 1 2.90% $2,357
Heritage Bank 1 3.63% $15,519
Home Federal Savings Bank 1 3.25% $1,955
HOMESTEAD FUNDING CORP. 1 2.63% $4,030
Mortgage Research Center, LLC 1 2.50% $1,065
MOVEMENT MORTGAGE, LLC 1 3.19% $3,077
NATIONWIDE MORTGAGE BANKERS, INC. 1 2.88% $2,639
NAVY FEDERAL CREDIT UNION 1 3.50% $2,049
NEW DAY FINANCIAL, LLC 1 2.99% $4,814
Ohnward Bank & Trust 1 2.75% $1,072
Paramount Bank 1 3.63% $3,242
PREMIA MORTGAGE, LLC 1 2.38% $75
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $5,040
SENB Bank 1 3.00% $2,021
Servion, Inc. 1 3.88% $3,730
Sierra Pacific Mortgage Company, Inc. 1 2.75% $4,896
The Federal Savings Bank 1 3.25% $5,931
TIAA, FSB 1 3.50% $3,642
Union Bank and Trust Company 1 3.38% $2,794
UNION HOME MORTGAGE CORP. 1 2.75% $4,223
Vibrant Credit Union 1 2.00% $2,300
Waterstone Mortgage Corporation 1 3.25% $3,659
West Gate Bank 1 3.00% $2,708
WINGS FINANCIAL 1 2.38% $2,640
Wyndham Capital Mortgage, Inc. 1 3.00% $5,079

AMES, IA's 140 lenders originated 4,599 loans during 2021. The total origination value was $1,458,035,000, with an average loan value of $317,033.

The top AMES lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 337 loans originated. Their average total fees are $1,933, which is $302 lower than the next largest lender, Wells Fargo Bank.

The lowest fee AMES lenders (with over 10 loans originated) are Luana Savings Bank ($1,293), VisionBank of Iowa ($1,571), Collins Community Credit Union ($1,598), GREATER IOWA CREDIT UNION ($1,673) and VERIDIAN CREDIT UNION ($1,754).

The lowest rate AMES lenders (with over 10 loans originated) are Fidelity Bank (2.70%), Bankers Trust Company (2.75%), Truist Bank (2.87%), Midwest Heritage Bank FSB (2.91%) and Luana Savings Bank (2.91%).

AMES, IA Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
JPMorgan Chase Bank $2,445,000 $491,585,000 20,005.7% 33.7%
IOWA BANKERS MORTGAGE CORPORATION $131,075,000 $117,610,000 -10.3% 8.1%
Wells Fargo Bank $61,210,000 $76,150,000 24.4% 5.2%
VisionBank of Iowa $78,095,000 $55,580,000 -28.8% 3.8%
QUICKEN LOANS, LLC $32,950,000 $39,505,000 19.9% 2.7%
INLANTA MORTGAGE, INC. $37,330,000 $36,375,000 -2.6% 2.5%
U.S. Bank $28,980,000 $33,290,000 14.9% 2.3%
GREATER IOWA CREDIT UNION $43,075,000 $31,820,000 -26.1% 2.2%
Bankers Trust Company $23,200,000 $31,590,000 36.2% 2.2%
GREENSTATE CREDIT UNION $19,900,000 $30,155,000 51.5% 2.1%
First National Bank, Ames, Iowa $56,040,000 $26,610,000 -52.5% 1.8%
Luana Savings Bank $47,255,000 $26,565,000 -43.8% 1.8%
Green Belt Bank & Trust $5,945,000 $24,060,000 304.7% 1.7%
AMERICAN PACIFIC MORTGAGE CORPORATION $21,660,000 $21,250,000 -1.9% 1.5%
Northwest Bank $16,140,000 $19,130,000 18.5% 1.3%
Lincoln Savings Bank $17,640,000 $19,070,000 8.1% 1.3%
VERIDIAN CREDIT UNION $23,105,000 $18,475,000 -20.0% 1.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $16,580,000 $16,685,000 0.6% 1.1%
FREEDOM MORTGAGE CORPORATION $9,560,000 $15,265,000 59.7% 1.0%
Great Western Bank $14,215,000 $13,910,000 -2.1% 1.0%
Availa Bank $11,805,000 $12,080,000 2.3% 0.8%
Truist Bank $8,495,000 $11,165,000 31.4% 0.8%
LAND HOME FINANCIAL SERVICES, INC. $11,540,000 $9,720,000 -15.8% 0.7%
MEMBERS1st Community Credit Union $11,345,000 $9,005,000 -20.6% 0.6%
Mortgage Research Center, LLC $6,770,000 $8,865,000 30.9% 0.6%
FRONTIER FINANCIAL, INC. $10,685,000 $8,760,000 -18.0% 0.6%
RIVER VALLEY CREDIT UNION $14,930,000 $8,740,000 -41.5% 0.6%
Fidelity Bank $8,150,000 $7,755,000 -4.8% 0.5%
GERSHMAN INVESTMENT CORP. $10,140,000 $6,760,000 -33.3% 0.5%
NORTHMARQ CAPITAL FINANCE, L.L.C. $6,695,000 n/a 0.5%
Farmers State Bank $225,000 $6,585,000 2,826.7% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $2,585,000 $6,190,000 139.5% 0.4%
Grandbridge Real Estate Capital LLC $6,075,000 n/a 0.4%
Community Choice Credit Union $6,725,000 $6,045,000 -10.1% 0.4%
Peoples Bank $1,300,000 $5,880,000 352.3% 0.4%
CALIBER HOME LOANS, INC. $2,950,000 $5,760,000 95.3% 0.4%
Midwest Heritage Bank FSB $7,965,000 $5,705,000 -28.4% 0.4%
PENNYMAC LOAN SERVICES, LLC $1,620,000 $5,380,000 232.1% 0.4%
HOMESIDE FINANCIAL, LLC $3,495,000 $5,175,000 48.1% 0.4%
Premier Credit Union $3,390,000 $5,030,000 48.4% 0.3%
BETTER MORTGAGE CORPORATION $3,475,000 $4,640,000 33.5% 0.3%
HOME POINT FINANCIAL CORPORATION $1,645,000 $4,615,000 180.5% 0.3%
HOMESERVICES LENDING, LLC $4,140,000 $4,390,000 6.0% 0.3%
Chickasaw Community Bank $5,945,000 $4,260,000 -28.3% 0.3%
NEWREZ LLC $1,250,000 $4,210,000 236.8% 0.3%
LOANDEPOT.COM, LLC $3,900,000 $4,140,000 6.2% 0.3%
Collins Community Credit Union $4,965,000 $4,075,000 -17.9% 0.3%
AMERISAVE MORTGAGE CORPORATION $3,830,000 $4,045,000 5.6% 0.3%
GNB Bank $3,910,000 $3,910,000 0.0% 0.3%
GUILD MORTGAGE COMPANY $4,675,000 $3,885,000 -16.9% 0.3%
Capitol Federal Savings Bank $680,000 $3,750,000 451.5% 0.3%
Pinnacle Bank $3,285,000 n/a 0.2%
Flagstar Bank, FSB $840,000 $3,275,000 289.9% 0.2%
Farm Credit Mid-America, ACA $7,275,000 $3,125,000 -57.0% 0.2%
UNITED WHOLESALE MORTGAGE, LLC $1,080,000 $3,105,000 187.5% 0.2%
Bank of the West $2,355,000 $3,035,000 28.9% 0.2%
NAVY FEDERAL CREDIT UNION $1,330,000 $2,990,000 124.8% 0.2%
United Bank of Iowa $1,745,000 $2,785,000 59.6% 0.2%
STEARNS LENDING, LLC $2,215,000 $2,690,000 21.4% 0.2%
Barrington Bank & Trust Company, N.A. $1,225,000 $2,670,000 118.0% 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,670,000 $2,650,000 58.7% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,235,000 $2,600,000 110.5% 0.2%
I. H. MISSISSIPPI VALLEY CREDIT UNION $1,175,000 $2,525,000 114.9% 0.2%
GUARANTEED RATE, INC. $475,000 $2,410,000 407.4% 0.2%
Raccoon Valley Bank $7,290,000 $2,390,000 -67.2% 0.2%
BROKER SOLUTIONS, INC. $1,335,000 $2,385,000 78.7% 0.2%
Gateway First Bank $430,000 $2,150,000 400.0% 0.1%
The Federal Savings Bank $1,555,000 $2,135,000 37.3% 0.1%
Fortress Bank $2,140,000 $2,110,000 -1.4% 0.1%
Central Bank $1,270,000 $2,085,000 64.2% 0.1%
Bank of America $1,670,000 $2,070,000 24.0% 0.1%
Bank Iowa $1,770,000 $1,990,000 12.4% 0.1%
NEW DAY FINANCIAL, LLC $1,200,000 $1,805,000 50.4% 0.1%
USAA Federal Savings Bank $2,515,000 $1,695,000 -32.6% 0.1%
AMCAP MORTGAGE, LTD. $400,000 $1,680,000 320.0% 0.1%
Deere Employees Credit Union $2,885,000 $1,635,000 -43.3% 0.1%
DUPACO COMMUNITY $1,755,000 $1,480,000 -15.7% 0.1%
DHI MORTGAGE COMPANY, LTD. $1,035,000 $1,445,000 39.6% 0.1%
MID AMERICA MORTGAGE, INC. $2,285,000 $1,440,000 -37.0% 0.1%
21ST MORTGAGE CORPORATION $1,335,000 $1,360,000 1.9% 0.1%
Carrington Mortgage Services, LLC $1,600,000 $1,215,000 -24.1% 0.1%
DAS Acquisition Company, LLC $1,180,000 $1,135,000 -3.8% 0.1%
Heritage Bank $460,000 $1,105,000 140.2% 0.1%
MidWestOne Bank $1,225,000 $1,105,000 -9.8% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $925,000 $1,090,000 17.8% 0.1%
Low VA Rates, LLC $410,000 $1,065,000 159.8% 0.1%
Ixonia Bank $665,000 $1,040,000 56.4% 0.1%
The Central Trust Bank $1,030,000 n/a 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $660,000 $1,010,000 53.0% 0.1%
Servion, Inc. $890,000 $1,005,000 12.9% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $2,315,000 $945,000 -59.2% 0.1%
Regions Bank $1,040,000 $925,000 -11.1% 0.1%
COMPASS MORTGAGE, INC. $440,000 $905,000 105.7% 0.1%
ROYAL UNITED MORTGAGE LLC $190,000 $860,000 352.6% 0.1%
HOMESTEAD FUNDING CORP. $840,000 n/a 0.1%
Plains Commerce Bank $820,000 n/a 0.1%
Bell Bank $390,000 $790,000 102.6% 0.1%
Arvest Bank $345,000 $755,000 118.8% 0.1%
Ally Bank $680,000 $745,000 9.6% 0.1%
AMERICAN FINANCING CORPORATION $740,000 n/a 0.1%
MOVEMENT MORTGAGE, LLC $335,000 $735,000 119.4% 0.1%
MARINE $560,000 $730,000 30.4% 0.1%
CMG MORTGAGE, INC. $390,000 $700,000 79.5% 0.0%
PLAZA HOME MORTGAGE, INC. $510,000 $675,000 32.4% 0.0%
FirstBank $630,000 $650,000 3.2% 0.0%
Bankers' Bank $630,000 n/a 0.0%
InterContinental Capital Group, Inc $630,000 n/a 0.0%
Great Southern Bank $510,000 $610,000 19.6% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $195,000 $605,000 210.3% 0.0%
First Guaranty Mortgage Corporation $595,000 n/a 0.0%
Vibrant Credit Union $260,000 $595,000 128.8% 0.0%
ALLIANT $585,000 n/a 0.0%
AMERICAN FINANCE HOUSE LARIBA $550,000 n/a 0.0%
Cambria Financial Group, LLC $550,000 n/a 0.0%
Hills Bank and Trust Company $780,000 $550,000 -29.5% 0.0%
RESIDENTIAL MORTGAGE NETWORK, INC. $215,000 $540,000 151.2% 0.0%
First Savings Bank $535,000 n/a 0.0%
Tradition Mortgage, LLC $490,000 $510,000 4.1% 0.0%
CROSSCOUNTRY MORTGAGE, LLC $450,000 $490,000 8.9% 0.0%
Washington State Bank $1,830,000 $470,000 -74.3% 0.0%
First Home Bank $450,000 n/a 0.0%
Ameris Bank $445,000 n/a 0.0%
Citizens Bank $405,000 $430,000 6.2% 0.0%
WINGS FINANCIAL $185,000 $425,000 129.7% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $420,000 n/a 0.0%
West Gate Bank $225,000 $420,000 86.7% 0.0%
Lakeview Community Capital, LLC $410,000 n/a 0.0%
PLANET HOME LENDING, LLC $565,000 $410,000 -27.4% 0.0%
North American Savings Bank, F.S.B. $640,000 $405,000 -36.7% 0.0%
First International Bank & Trust $400,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $85,000 $400,000 370.6% 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $400,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $165,000 $390,000 136.4% 0.0%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $385,000 n/a 0.0%
Bank Midwest $1,020,000 $380,000 -62.7% 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $845,000 $365,000 -56.8% 0.0%
KS StateBank $805,000 $355,000 -55.9% 0.0%
The Bank of New Glarus $355,000 n/a 0.0%
AmeriHome Mortgage Company, LLC $445,000 $350,000 -21.3% 0.0%
NP, Inc. $320,000 $350,000 9.4% 0.0%
Wyndham Capital Mortgage, Inc. $350,000 n/a 0.0%
First Federal Bank $345,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $310,000 $340,000 9.7% 0.0%
Commerce Bank $335,000 n/a 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $215,000 $330,000 53.5% 0.0%
American State Bank $745,000 $325,000 -56.4% 0.0%
PREMIA MORTGAGE, LLC $345,000 $325,000 -5.8% 0.0%
First National Bank of Omaha $315,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $165,000 $315,000 90.9% 0.0%
CITY FIRST MORTGAGE SERVICES, L.L.C. $305,000 n/a 0.0%
First Bank $125,000 $305,000 144.0% 0.0%
FBC MORTGAGE, LLC $295,000 n/a 0.0%
Community Savings Bank $175,000 $290,000 65.7% 0.0%
Leighton State Bank $235,000 $285,000 21.3% 0.0%
Nations Lending Corporation $280,000 n/a 0.0%
Chicago Mortgage Solutions LLC $270,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $105,000 $270,000 157.1% 0.0%
Figure Lending LLC $250,000 n/a 0.0%
Manufacturers and Traders Trust Company $165,000 $250,000 51.5% 0.0%
Ohnward Bank & Trust $245,000 n/a 0.0%
TIAA, FSB $245,000 n/a 0.0%
Capital Bank $235,000 n/a 0.0%
FIRST COMMUNITY MORTGAGE, INC. $2,285,000 $235,000 -89.7% 0.0%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $225,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $430,000 $215,000 -50.0% 0.0%
Liberty Savings Bank, F.S.B. $215,000 n/a 0.0%
Magnolia Bank $185,000 $215,000 16.2% 0.0%
ATHAS CAPITAL GROUP, INC. $205,000 n/a 0.0%
EMM LOANS LLC $380,000 $205,000 -46.1% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $205,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $205,000 n/a 0.0%
Amerifirst Financial, Inc. $195,000 n/a 0.0%
BLACK HILLS FEDERAL CREDIT UNION $265,000 $195,000 -26.4% 0.0%
LINN AREA $195,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $195,000 n/a 0.0%
Serve Credit Union $190,000 $190,000 0.0% 0.0%
Farmers State Bank $225,000 $185,000 -17.8% 0.0%
RUOFF MORTGAGE COMPANY, INC. $430,000 $180,000 -58.1% 0.0%
CHURCHILL MORTGAGE CORPORATION $710,000 $175,000 -75.4% 0.0%
SENB Bank $175,000 n/a 0.0%
Union Bank and Trust Company $170,000 n/a 0.0%
American Airlines Federal Credit Union $165,000 n/a 0.0%
CHARTER WEST BANK $165,000 n/a 0.0%
CHERRY CREEK MORTGAGE, LLC $165,000 n/a 0.0%
Colonial Savings, F.A. $165,000 n/a 0.0%
COMMUNITYAMERICA $165,000 n/a 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $165,000 n/a 0.0%
GAS AND ELECTRIC CREDIT UNION $165,000 n/a 0.0%
Sierra Pacific Mortgage Company, Inc. $165,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $55,000 $160,000 190.9% 0.0%
ANGEL OAK HOME LOANS LLC $155,000 n/a 0.0%
FLAT BRANCH MORTGAGE, INC. $375,000 $155,000 -58.7% 0.0%
Home Federal Savings Bank $195,000 $155,000 -20.5% 0.0%
Community State Bank $150,000 n/a 0.0%
ALTRA $595,000 $145,000 -75.6% 0.0%
AMERICAN ADVISORS GROUP $45,000 $145,000 222.2% 0.0%
CORTRUST MORTGAGE, INC. $145,000 n/a 0.0%
VELOCITY COMMERCIAL CAPITAL, LLC $145,000 n/a 0.0%
CEDAR FALLS COMMUNITY CREDIT UNION $105,000 $135,000 28.6% 0.0%
Paramount Bank $505,000 $135,000 -73.3% 0.0%
BankIowa of Cedar Rapids $135,000 $125,000 -7.4% 0.0%
The Huntington National Bank $330,000 $105,000 -68.2% 0.0%
First PREMIER Bank $95,000 n/a 0.0%
HIWAY $95,000 n/a 0.0%
OCEANSIDE MORTGAGE COMPANY $95,000 n/a 0.0%
Waterstone Mortgage Corporation $185,000 $75,000 -59.5% 0.0%
OPEN MORTGAGE, LLC $55,000 n/a 0.0%
THE FAMILY CREDIT UNION $55,000 $55,000 0.0% 0.0%
TRIAD FINANCIAL SERVICES, INC. $55,000 n/a 0.0%
Oxford Bank & Trust $120,000 $45,000 -62.5% 0.0%
First Central State Bank $15,000 n/a 0.0%
THRIVENT Federal Credit Union $15,000 n/a 0.0%

AMES's top lender by overall market share is JPMorgan Chase Bank, with 33.7% market share. In second place, with 8.1%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $117,610,000 in loans. In third place, with 5.2%, is Wells Fargo Bank, having originated $76,150,000 in loans. In third place, with 3.8%, is VisionBank of Iowa, having originated $55,580,000 in loans. In third place, with 2.7%, is QUICKEN LOANS, LLC, having originated $39,505,000 in loans.


AMES, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 1,775 $405,885,000 $228,668
Home Purchase 1,756 $885,860,000 $504,476
Cash Out Refi 763 $143,275,000 $187,779
Home Improvement 163 $11,645,000 $71,442
Other 141 $11,315,000 $80,248
NA 1 $55,000 $55,000

Ames's most frequently cited loan purpose was Refi, with 1,775 originations. The 2nd most popular reason was Home Purchase, with 1,756 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 1,837 $394,885,000 $214,962
3-4% 1,312 $770,570,000 $587,325
<2.5% 958 $192,130,000 $200,553
4-5% 136 $14,930,000 $109,779
5-6% 56 $4,090,000 $73,036
6-7% 29 $1,735,000 $59,828
Over 8% 17 $1,095,000 $64,412
7-8% 14 $1,070,000 $76,429

During 2021, Ames's most frequently originated rate bucket was 2.5-3%, with 1,837 originations.

Loan Sizing (AMES, IA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,006 $298,760,000 $148,933
$200k-400k 1,496 $399,590,000 $267,106
$100,000 or less 846 $51,530,000 $60,910
$400k-600k 194 $92,070,000 $474,588
$600k-1000k 33 $24,265,000 $735,303
$Over $1MM 24 $591,820,000 $24,659,167

AMES's loan sizing saw the bucket of loans from $100k-200k with 2,006 originations, totaling $298,760,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,641 $357,585,000 $217,907
60-80% 1,477 $840,095,000 $568,785
40-60% 594 $107,430,000 $180,859
20-40% 271 $37,015,000 $136,587
Under 20% 231 $10,165,000 $44,004
Over 100% 27 $6,715,000 $248,704

AMES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,641 originations, totaling $357,585,000 in origination value.