Carroll Mortgage Rates

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

30 Year Fixed Rate mortgages in Carroll averaged 5.62% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 5.73% and one month ago for the week of 2022-05-26, the average rate was 5.12%.

Carroll's average rate one year ago was 2.95%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.03%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Carroll 30 Year Fixed Rate 2022-06-30 5.62%
Carroll 30 Year Fixed Rate Refi 2022-06-30 6.03%
Carroll 15 Year Fixed Rate 2022-06-30 5.25%
Carroll 15 Year Fixed Rate Refi 2022-06-30 4.89%
Carroll 30 Year FHA 2022-06-30 5.83%
Carroll 30 Year FHA Refi 2022-06-30 5.37%
Carroll 30 Year USDA 2022-06-30 5.97%
Carroll 30 Year VA 2022-06-30 5.74%
Carroll 30 Year VA Refi 2022-06-30 5.6%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Carroll, IA.

Carroll 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 Carroll, 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 41 2.90% $2,176
DUPACO COMMUNITY 28 2.83% $2,511
Bankers' Bank 25 2.87% $3,776
United Bank of Iowa 20 3.46% $3,283
Bank Iowa 8 3.28% $1,969
QUICKEN LOANS, LLC 8 3.19% $4,663
Farm Credit Mid-America, ACA 7 3.45% $6,191
Wells Fargo Bank 5 3.30% $2,427
GREENSTATE CREDIT UNION 3 3.25% $1,606
American National Bank 2 3.44% $3,035
Bank of the West 2 4.19% $3,377
Northwest Bank 2 3.13% $2,183
HOMESIDE FINANCIAL, LLC 1 3.38% $2,548
Lincoln Savings Bank 1 2.38% $2,372
Loan Simple, Inc. 1 2.99% $1,664
Luana Savings Bank 1 2.88% $937
Midwest Heritage Bank FSB 1 2.75% $3,288
Mortgage Research Center, LLC 1 2.88% $711
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.63% $7,180
NEWREZ LLC 1 2.75% $2,438
North American Savings Bank, F.S.B. 1 3.13% $395
ROYAL UNITED MORTGAGE LLC 1 4.00% $6,705
West Gate Bank 1 2.88% $1,772
AMCAP MORTGAGE, LTD. 1 3.38% $5,043
ZILLOW HOME LOANS, LLC 1 3.13% $7,801
AMERICAN FINANCING CORPORATION 1 2.88% $3,447
AMERISAVE MORTGAGE CORPORATION 1 4.13% $2,767
Barrington Bank & Trust Company, N.A. 1 3.13% $2,147
Central Bank 1 2.75% $3,604
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.25% $3,670
First National Bank of Omaha 1 3.13% $1,857
First PREMIER Bank 1 2.88% $2,906
First Savings Bank 1 2.88% $1,567
FLAT BRANCH MORTGAGE, INC. 1 3.13% $1,980
GREATER IOWA CREDIT UNION 1 3.00% $2,268
Heritage Bank 1 3.50% $3,244

Carroll, IA's 36 lenders originated 513 loans during 2021. The total origination value was $76,455,000, with an average loan value of $149,035.

The top Carroll lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 41 loans originated. Their average total fees are $2,176, which is $335 lower than the next largest lender, DUPACO COMMUNITY.

The lowest fee Carroll lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION ($2,176), DUPACO COMMUNITY ($2,511), United Bank of Iowa ($3,283), Bankers' Bank ($3,776) and .

The lowest rate Carroll lenders (with over 10 loans originated) are DUPACO COMMUNITY (2.83%), Bankers' Bank (2.87%), IOWA BANKERS MORTGAGE CORPORATION (2.90%), United Bank of Iowa (3.46%) and .

Carroll, 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
IOWA BANKERS MORTGAGE CORPORATION $12,095,000 $13,415,000 10.9% 17.5%
Bankers' Bank $12,360,000 n/a 16.2%
DUPACO COMMUNITY $8,505,000 $10,400,000 22.3% 13.6%
United Bank of Iowa $5,970,000 $8,130,000 36.2% 10.6%
QUICKEN LOANS, LLC $4,110,000 $4,695,000 14.2% 6.1%
Availa Bank $2,150,000 $3,925,000 82.6% 5.1%
Farm Credit Mid-America, ACA $505,000 $2,385,000 372.3% 3.1%
Wells Fargo Bank $675,000 $1,515,000 124.4% 2.0%
Bank Iowa $1,180,000 $1,385,000 17.4% 1.8%
Mortgage Research Center, LLC $1,250,000 $1,320,000 5.6% 1.7%
GREENSTATE CREDIT UNION $335,000 $1,245,000 271.6% 1.6%
FREEDOM MORTGAGE CORPORATION $985,000 $995,000 1.0% 1.3%
Bank of the West $960,000 $905,000 -5.7% 1.2%
Luana Savings Bank $845,000 $820,000 -3.0% 1.1%
BROKER SOLUTIONS, INC. $620,000 n/a 0.8%
Mr. Cooper ( Nationstar Mortgage ) $290,000 $465,000 60.3% 0.6%
Northwest Bank $715,000 $435,000 -39.2% 0.6%
U.S. Bank $555,000 $375,000 -32.4% 0.5%
AMERISAVE MORTGAGE CORPORATION $145,000 $360,000 148.3% 0.5%
Lincoln Savings Bank $240,000 $360,000 50.0% 0.5%
AMERICAN FINANCING CORPORATION $75,000 $355,000 373.3% 0.5%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $350,000 n/a 0.5%
GUILD MORTGAGE COMPANY $135,000 $340,000 151.9% 0.4%
Midwest Heritage Bank FSB $125,000 $315,000 152.0% 0.4%
West Gate Bank $315,000 n/a 0.4%
Bank Midwest $270,000 $310,000 14.8% 0.4%
FINANCE OF AMERICA MORTGAGE LLC $125,000 $310,000 148.0% 0.4%
GREATER IOWA CREDIT UNION $190,000 $285,000 50.0% 0.4%
Manufacturers and Traders Trust Company $270,000 n/a 0.4%
HOME POINT FINANCIAL CORPORATION $265,000 n/a 0.3%
AMCAP MORTGAGE, LTD. $260,000 n/a 0.3%
CALIBER HOME LOANS, INC. $420,000 $255,000 -39.3% 0.3%
First PREMIER Bank $255,000 n/a 0.3%
FLAT BRANCH MORTGAGE, INC. $245,000 n/a 0.3%
Magnolia Bank $185,000 $235,000 27.0% 0.3%
Sunflower Bank $235,000 n/a 0.3%
PREMIA MORTGAGE, LLC $235,000 $225,000 -4.3% 0.3%
RUOFF MORTGAGE COMPANY, INC. $225,000 n/a 0.3%
American National Bank $300,000 $220,000 -26.7% 0.3%
Hometown Equity Mortgage, LLC $215,000 n/a 0.3%
NAVY FEDERAL CREDIT UNION $420,000 $215,000 -48.8% 0.3%
Barrington Bank & Trust Company, N.A. $135,000 $205,000 51.9% 0.3%
MUTUAL OF OMAHA MORTGAGE, INC. $195,000 n/a 0.3%
Loan Simple, Inc. $185,000 n/a 0.2%
North American Savings Bank, F.S.B. $185,000 n/a 0.2%
ZILLOW HOME LOANS, LLC $185,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $175,000 n/a 0.2%
HOMESERVICES LENDING, LLC $175,000 n/a 0.2%
First International Bank & Trust $165,000 n/a 0.2%
EVERETT FINANCIAL, INC. $155,000 n/a 0.2%
HOMESIDE FINANCIAL, LLC $145,000 n/a 0.2%
MARINE $145,000 n/a 0.2%
OCEANSIDE MORTGAGE COMPANY $145,000 $145,000 0.0% 0.2%
ROYAL UNITED MORTGAGE LLC $145,000 n/a 0.2%
Truist Bank $425,000 $145,000 -65.9% 0.2%
Peoples Bank $105,000 $140,000 33.3% 0.2%
Bank of America $135,000 n/a 0.2%
Community State Bank $135,000 n/a 0.2%
TOP FLITE FINANCIAL, INC. $135,000 n/a 0.2%
TOWNE MORTGAGE COMPANY $135,000 n/a 0.2%
AMERICAN ADVISORS GROUP $50,000 $125,000 150.0% 0.2%
First Savings Bank $125,000 n/a 0.2%
FOUR POINTS $125,000 n/a 0.2%
GERSHMAN INVESTMENT CORP. $125,000 n/a 0.2%
Ixonia Bank $125,000 n/a 0.2%
Chickasaw Community Bank $280,000 $115,000 -58.9% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $230,000 $105,000 -54.3% 0.1%
NEWREZ LLC $105,000 $105,000 0.0% 0.1%
VERIDIAN CREDIT UNION $635,000 $100,000 -84.3% 0.1%
FRONTIER FINANCIAL, INC. $95,000 n/a 0.1%
Heritage Bank $95,000 n/a 0.1%
Central Bank $85,000 n/a 0.1%
Pinnacle Bank $85,000 n/a 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $75,000 n/a 0.1%
First National Bank of Omaha $195,000 $75,000 -61.5% 0.1%
CHURCHILL MORTGAGE CORPORATION $265,000 $55,000 -79.2% 0.1%

Carroll's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 17.5% market share. In second place, with 16.2%, is Bankers' Bank, having originated $12,360,000 in loans. In third place, with 13.6%, is DUPACO COMMUNITY, having originated $10,400,000 in loans. In third place, with 10.6%, is United Bank of Iowa, having originated $8,130,000 in loans. In third place, with 6.1%, is QUICKEN LOANS, LLC, having originated $4,695,000 in loans.


Carroll, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Refi 214 $32,470,000 $151,729
Home Purchase 190 $29,420,000 $154,842
Cash Out Refi 75 $12,305,000 $164,067
Other 23 $1,625,000 $70,652
Home Improvement 11 $635,000 $57,727

Carroll's most frequently cited loan purpose was Refi, with 214 originations. The 2nd most popular reason was Home Purchase, with 190 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 205 $31,335,000 $152,854
3-4% 142 $19,920,000 $140,282
<2.5% 121 $19,535,000 $161,446
4-5% 16 $1,250,000 $78,125
5-6% 2 $80,000 $40,000
7-8% 2 $110,000 $55,000
Over 8% 1 $15,000 $15,000
6-7% 1 $25,000 $25,000

During 2021, Carroll's most frequently originated rate bucket was 2.5-3%, with 205 originations.

Loan Sizing (Carroll, IA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 229 $33,065,000 $144,389
$100,000 or less 168 $10,980,000 $65,357
$200k-400k 105 $27,105,000 $258,143
$400k-600k 10 $4,560,000 $456,000
$600k-1000k 1 $745,000 $745,000

Carroll's loan sizing saw the bucket of loans from $100k-200k with 229 originations, totaling $33,065,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 177 $28,065,000 $158,559
80-100% 172 $28,440,000 $165,349
40-60% 65 $8,865,000 $136,385
20-40% 40 $3,730,000 $93,250
Under 20% 24 $1,190,000 $49,583
Over 100% 2 $330,000 $165,000

Carroll's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 177 originations, totaling $28,065,000 in origination value.