AMES Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Ames averaged 6.38% for the week of 2023-06-01, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2023-05-25) was 5.86% and one month ago for the week of 2023-04-27, the average rate was 5.82%.

    Ames's average rate one year ago was 4.39%.

    For refis of the same type during the week of 2023-06-01, the average rate was 6.14%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-06-01 6.79%
    Ames 30 Year Fixed Rate 2023-06-01 6.38%
    Ames 30 Year Fixed Rate Refi 2023-06-01 6.14%
    Ames 15 Year Fixed Rate 2023-06-01 5.75%
    Ames 15 Year Fixed Rate Refi 2023-06-01 6.38%
    Ames 30 Year FHA 2023-06-01 -0.12%
    Ames 30 Year FHA Refi 2023-06-01 -0.2%
    Ames 30 Year USDA 2023-06-01 0%
    Ames 30 Year USDA Refi 2023-06-01 0%
    Ames 30 Year VA 2023-06-01 -0.19%
    Ames 30 Year VA Refi 2023-06-01 0%
    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 (-1.0%) 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 $248,500 (-1.1%) $282,690 (-1.1%) 0.00 185
    2021-09-01 $247,500 (-4.3%) $286,702 (0.1%) 0.00 213
    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 (17.9%) $323,186 (14.3%) 0.00 164
    2022-09-01 $283,333 (14.5%) $314,563 (9.7%) 0.00 177
    2022-10-01 $279,000 (24.0%) $354,952 (30.6%) 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%) $387,230 (16.6%) 0.00 182
    AMES's median listing price for 2023-05-01 was $332,175, a difference of $34,675 (11.7%) versus the prior year and $1,225 versus the prior month.

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

    AMES's average listing price for 2023-05-01 was $387,230, a difference of $55,151 (16.6%) versus the prior year and $-13,969 versus the prior month.

    For the 2023-05-01 period, AMES had 182 MLS listings, a difference of 30 listings (20%) versus the prior month and 14 listings (8%) 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 1,463 sqft
    2021-09-01 0 days 1,455 sqft
    2021-10-01 0 days 1,436 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
    AMES's median listing age (time on market) for 2023-05-01 was 0 days.

    AMES's median square footage for active listings during the 2023-05-01 period was 1,500 sqft. One year prior, the average listing was 1,487 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.