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 6.76% for the week of 2022-12-01, compared to the national average of 6.49% for the same period.

The average rate for the prior week (2022-11-23) was 6.75% and one month ago for the week of 2022-10-27, the average rate was 6.95%.

Ames's average rate one year ago was 3.28%.

For refis of the same type during the week of 2022-12-01, the average rate was 6.65%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-12-01 6.49%
Ames 30 Year Fixed Rate 2022-12-01 6.76%
Ames 30 Year Fixed Rate Refi 2022-12-01 6.65%
Ames 15 Year Fixed Rate 2022-12-01 6.08%
Ames 15 Year Fixed Rate Refi 2022-12-01 5.99%
Ames 30 Year FHA 2022-12-01 6.28%
Ames 30 Year FHA Refi 2022-12-01 6.52%
Ames 30 Year USDA 2022-12-01 6.31%
Ames 30 Year USDA Refi 2022-12-01 6.28%
Ames 30 Year VA 2022-12-01 6.57%
Ames 30 Year VA Refi 2022-12-01 6.18%
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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 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
MEMBERS1st Community Credit Union 21 2.92% $3,865
Fidelity Bank 21 2.70% $2,333
Peoples Bank 18 3.04% $2,189
GERSHMAN INVESTMENT CORP. 17 3.20% $2,643
HOMESIDE FINANCIAL, LLC 17 3.13% $3,351
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
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
Collins Community Credit Union 11 3.17% $1,598
BETTER MORTGAGE CORPORATION 9 2.63% $4,132
Premier Credit Union 9 3.44% $3,080
LOANDEPOT.COM, LLC 8 2.89% $4,946
GUILD MORTGAGE COMPANY 8 2.97% $1,989
UNITED WHOLESALE MORTGAGE, LLC 8 3.13% $4,470
JPMorgan Chase Bank 8 3.06% $1,617
Bank Iowa 8 3.06% $2,063
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
MidWestOne Bank 3 3.00% $1,965
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
MARINE 3 8.03% $4,681
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.33% $1,759
United Bank of Iowa 3 3.38% $2,568
Raccoon Valley Bank 3 2.83% $1,831
Ally Bank 2 3.38% $2,295
Bankers' Bank 2 2.75% $3,697
M&T Bank 2 3.00% $4,678
Ixonia Bank 2 3.44% $3,109
Tradition Mortgage, LLC 2 3.06% $2,033
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 Average Closing Costs & Other Stats

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.

AMES's average closing costs are $3,077.

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 (2.87%), Midwest Heritage Bank FSB (2.91%) and Luana Savings Bank (2.91%).

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 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 fourth place, with 3.8%, is VisionBank of Iowa, having originated $55,580,000 in loans. In fifth place, with 2.7%, is QUICKEN LOANS, LLC, having originated $39,505,000 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 (-4.1%) 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%) $262,864 (-6.5%) 0.00 401
2019-05-01 $241,975 (-6.8%) $264,405 (-3.6%) 0.00 422
2019-06-01 $242,200 (-3.1%) $269,343 (-0.2%) 0.00 471
2019-07-01 $240,475 (1.4%) $262,209 (1.5%) 0.00 479
2019-08-01 $235,845 (-0.5%) $259,131 (0.8%) 0.00 475
2019-09-01 $229,689 (0.3%) $252,798 (2.2%) 0.00 473
2019-10-01 $221,700 (0.8%) $247,848 (2.9%) 0.00 469
2019-11-01 $220,950 (0.6%) $245,510 (2.6%) 0.00 413
2019-12-01 $225,000 (2.3%) $246,927 (2.8%) 0.00 370
2020-01-01 $224,825 (4.6%) $250,341 (5.4%) 0.00 340
2020-02-01 $224,450 (1.7%) $249,454 (3.0%) 0.00 342
2020-03-01 $239,900 (1.9%) $260,274 (2.4%) 0.00 362
2020-04-01 $240,000 (-3.8%) $260,640 (-0.9%) 0.00 352
2020-05-01 $245,000 (1.3%) $275,138 (4.1%) 0.00 327
2020-06-01 $249,475 (3.0%) $279,335 (3.7%) 0.00 330
2020-07-01 $249,900 (3.9%) $280,063 (6.8%) 0.00 301
2020-08-01 $250,000 (6.0%) $285,331 (10.1%) 0.00 284
2020-09-01 $257,225 (12.0%) $286,141 (13.2%) 0.00 280
2020-10-01 $265,000 (19.5%) $289,030 (16.6%) 0.00 282
2020-11-01 $269,475 (22.0%) $280,063 (14.1%) 0.00 244
2020-12-01 $270,000 (20.0%) $280,775 (13.7%) 0.00 205
2021-01-01 $285,900 (27.2%) $297,914 (19.0%) 0.00 168
2021-02-01 $286,675 (27.7%) $297,960 (19.4%) 0.00 150
2021-03-01 $281,888 (17.5%) $314,667 (20.9%) 0.00 159
2021-04-01 $270,000 (12.5%) $314,378 (20.6%) 0.00 168
2021-05-01 $270,000 (10.2%) $313,498 (13.9%) 0.00 165
2021-06-01 $265,450 (6.4%) $307,925 (10.2%) 0.00 162
2021-07-01 $260,000 (4.0%) $290,431 (3.7%) 0.00 169
2021-08-01 $247,450 (-1.0%) $282,168 (-1.1%) 0.00 187
2021-09-01 $246,475 (-4.2%) $286,415 (0.1%) 0.00 215
2021-10-01 $224,950 (-15.1%) $271,462 (-6.1%) 0.00 222
2021-11-01 $227,750 (-15.5%) $277,510 (-0.9%) 0.00 202
2021-12-01 $236,000 (-12.6%) $274,401 (-2.3%) 0.00 179
2022-01-01 $249,000 (-12.9%) $278,051 (-6.7%) 0.00 146
2022-02-01 $296,225 (3.3%) $310,408 (4.2%) 0.00 125
2022-03-01 $291,713 (3.5%) $310,788 (-1.2%) 0.00 127
2022-04-01 $288,000 (6.7%) $316,514 (0.7%) 0.00 129
2022-05-01 $294,000 (8.9%) $330,998 (5.6%) 0.00 170
2022-06-01 $291,125 (9.7%) $338,961 (10.1%) 0.00 176
2022-07-01 $299,900 (15.4%) $333,499 (14.8%) 0.00 188
2022-08-01 $291,000 (17.6%) $322,151 (14.2%) 0.00 166
2022-09-01 $278,500 (13.0%) $313,689 (9.5%) 0.00 179
2022-10-01 $276,000 (22.7%) $354,863 (30.7%) 0.00 190
2022-11-01 $293,750 (29.0%) $362,087 (30.5%) 0.00 169
AMES's median listing price for 2022-11-01 was $293,750, a difference of $66,000 (29.0%) versus the prior year and $17,750 versus the prior month.

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

AMES's average listing price for 2022-11-01 was $362,087, a difference of $84,577 (30.5%) versus the prior year and $7,224 versus the prior month.

For the 2022-11-01 period, AMES had 169 MLS listings, a difference of -21 listings (-11%) versus the prior month and -33 listings (-16%) 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 1,526 sqft
2019-04-01 0 days 1,538 sqft
2019-05-01 0 days 1,582 sqft
2019-06-01 0 days 1,552 sqft
2019-07-01 0 days 1,538 sqft
2019-08-01 0 days 1,524 sqft
2019-09-01 0 days 1,511 sqft
2019-10-01 0 days 1,502 sqft
2019-11-01 0 days 1,503 sqft
2019-12-01 0 days 1,505 sqft
2020-01-01 0 days 1,479 sqft
2020-02-01 0 days 1,479 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 1,578 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 1,501 sqft
2021-01-01 0 days 1,508 sqft
2021-02-01 0 days 1,500 sqft
2021-03-01 0 days 1,517 sqft
2021-04-01 0 days 1,503 sqft
2021-05-01 0 days 1,487 sqft
2021-06-01 0 days 1,473 sqft
2021-07-01 0 days 1,472 sqft
2021-08-01 0 days 1,464 sqft
2021-09-01 0 days 1,458 sqft
2021-10-01 0 days 1,441 sqft
2021-11-01 0 days 1,464 sqft
2021-12-01 0 days 1,463 sqft
2022-01-01 0 days 1,472 sqft
2022-02-01 0 days 1,484 sqft
2022-03-01 0 days 1,500 sqft
2022-04-01 0 days 1,486 sqft
2022-05-01 0 days 1,492 sqft
2022-06-01 0 days 1,485 sqft
2022-07-01 0 days 1,495 sqft
2022-08-01 0 days 1,465 sqft
2022-09-01 0 days 1,460 sqft
2022-10-01 0 days 1,480 sqft
2022-11-01 0 days 1,480 sqft
AMES's median listing age (time on market) for 2022-11-01 was 0 days.

AMES's median square footage for active listings during the 2022-11-01 period was 1,480 sqft. One year prior, the average listing was 1,464 sqft.

AMES, IA Average Rent (2022)

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
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.