Carroll Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Carroll averaged
6.46%
for the week of 2025-05-22, compared to the national average of
6.86% for the same period.
The average rate for the prior week (2025-05-15) was
6.51% and
one month ago for the week of 2025-04-17, the
average rate was 6.83%.
Carroll's average rate one year ago was 6.92%.
For refis of the same type during the week of 2025-05-22, the average rate
was 6.96%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-22 | 6.86% |
| Carroll 30 Year Fixed Rate | 2025-05-22 | 6.46% |
| Carroll 30 Year Fixed Rate Refi | 2025-05-22 | 6.96% |
| Carroll 15 Year Fixed Rate | 2025-05-22 | 6.01% |
| Carroll 15 Year Fixed Rate Refi | 2025-05-22 | 6.71% |
| Carroll 30 Year FHA | 2025-05-22 | 6.71% |
| Carroll 30 Year FHA Refi | 2025-05-22 | 6.61% |
| Carroll 30 Year USDA | 2025-05-22 | 6.43% |
| Carroll 30 Year USDA Refi | 2025-05-22 | 6.43% |
| Carroll 30 Year VA | 2025-05-22 | 6.62% |
| Carroll 30 Year VA Refi | 2025-05-22 | 6.52% |
Carroll 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 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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| DUPACO COMMUNITY | 28 | 6.19% | $2,483 |
| IOWA BANKERS MORTGAGE CORPORATION | 16 | 6.55% | $2,459 |
| QUICKEN LOANS, LLC | 11 | 6.77% | $4,760 |
| V.I.P. MORTGAGE, INC. | 3 | 6.25% | $3,107 |
| Farm Credit Mid-America, ACA | 3 | 7.46% | $7,543 |
| United Bank of Iowa | 3 | 7.25% | $2,367 |
| U.S. Bank | 3 | 6.58% | $1,706 |
| Truist | 2 | 6.50% | $4,205 |
| Northwest Bank | 2 | 7.06% | $3,044 |
| Lincoln Savings Bank | 1 | 7.46% | $6,113 |
| Luana Savings Bank | 1 | 6.38% | $1,351 |
| Plains Commerce Bank | 1 | 6.88% | $2,676 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 7.13% | $3,684 |
| Waterstone Mortgage Corporation | 1 | 7.13% | $8,240 |
| American National Bank | 1 | 6.63% | $3,964 |
| Wells Fargo Bank | 1 | 6.00% | $3,706 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.00% | $6,066 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.99% | $3,508 |
| Bell Bank | 1 | 6.88% | $5,901 |
| BMO Harris Bank | 1 | 7.00% | $3,520 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 7.13% | $3,192 |
| Deere Employees Credit Union | 1 | 5.99% | $3,311 |
| JPMorgan Chase Bank | 1 | 6.13% | $2,486 |
| LAND HOME FINANCIAL SERVICES, INC. | 1 | 7.75% | $3,638 |
Carroll Average Closing Costs & Other Stats
Carroll, IA's 24 lenders originated 266
loans during 2024. The total origination value was $42,970,000, with an average loan value of
$161,541.
Carroll's average closing costs are $3,747.
The top Carroll lender as defined by loan originations is DUPACO COMMUNITY, with
28 loans originated. Their average total fees are
$2,483, which is $24
higher than the next largest lender,
IOWA BANKERS MORTGAGE CORPORATION.
The lowest fee Carroll lenders (with over 10 loans originated) are
IOWA BANKERS MORTGAGE CORPORATION ($2,459), DUPACO COMMUNITY ($2,483), QUICKEN LOANS, LLC ($4,760), .
The lowest rate Carroll lenders (with over 10 loans originated) are
DUPACO COMMUNITY (6.19%), IOWA BANKERS MORTGAGE CORPORATION (6.55%), QUICKEN LOANS, LLC (6.77%), .
Carroll, 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| DUPACO COMMUNITY | $4,540,000 | $5,785,000 | 27.4% | 13.5% |
| IOWA BANKERS MORTGAGE CORPORATION | $1,535,000 | $5,505,000 | 258.6% | 12.8% |
| Availa Bank | $2,700,000 | $4,715,000 | 74.6% | 11.0% |
| QUICKEN LOANS, LLC | $1,235,000 | $3,375,000 | 173.3% | 7.9% |
| Midstates Bank | $2,785,000 | n/a | 6.5% | |
| United Bank of Iowa | $2,235,000 | $2,095,000 | -6.3% | 4.9% |
| Mortgage Research Center, LLC | $610,000 | $810,000 | 32.8% | 1.9% |
| Farm Credit Mid-America, ACA | $85,000 | $775,000 | 811.8% | 1.8% |
| V.I.P. MORTGAGE, INC. | $755,000 | n/a | 1.8% | |
| Truist | $750,000 | n/a | 1.7% | |
| PENNYMAC LOAN SERVICES, LLC | $585,000 | $615,000 | 5.1% | 1.4% |
| Lincoln Savings Bank | $470,000 | $600,000 | 27.7% | 1.4% |
| Deere Employees Credit Union | $515,000 | $595,000 | 15.5% | 1.4% |
| U.S. Bank | $105,000 | $595,000 | 466.7% | 1.4% |
| Central Bank | $545,000 | n/a | 1.3% | |
| FREEDOM MORTGAGE CORPORATION | $115,000 | $545,000 | 373.9% | 1.3% |
| Plains Commerce Bank | $490,000 | n/a | 1.1% | |
| BMO Harris Bank | $430,000 | $475,000 | 10.5% | 1.1% |
| BROKER SOLUTIONS, INC. | $405,000 | n/a | 0.9% | |
| Mr. Cooper ( Nationstar Mortgage ) | $395,000 | n/a | 0.9% | |
| Bankers' Bank | $1,065,000 | $365,000 | -65.7% | 0.8% |
| GERSHMAN INVESTMENT CORP. | $365,000 | $365,000 | 0.0% | 0.8% |
| Northwest Bank | $320,000 | n/a | 0.7% | |
| VERIDIAN CREDIT UNION | $170,000 | $280,000 | 64.7% | 0.7% |
| Luana Savings Bank | $275,000 | n/a | 0.6% | |
| JPMorgan Chase Bank | $255,000 | n/a | 0.6% | |
| Bank Midwest | $250,000 | n/a | 0.6% | |
| VILLAGE CAPITAL MORTGAGE | $245,000 | n/a | 0.6% | |
| Waterstone Mortgage Corporation | $245,000 | n/a | 0.6% | |
| Flanagan State Bank | $235,000 | n/a | 0.5% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | n/a | 0.5% | |
| Figure Lending LLC | $190,000 | n/a | 0.4% | |
| GREENSTATE CREDIT UNION | $175,000 | $190,000 | 8.6% | 0.4% |
| Bell Bank | $185,000 | n/a | 0.4% | |
| Equity Prime Mortgage LLC | $175,000 | n/a | 0.4% | |
| FRONTIER FINANCIAL, INC. | $175,000 | n/a | 0.4% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $160,000 | $165,000 | 3.1% | 0.4% |
| TOP FLITE FINANCIAL, INC. | $155,000 | n/a | 0.4% | |
| American National Bank | $15,000 | $150,000 | 900.0% | 0.3% |
| GREATER IOWA CREDIT UNION | $45,000 | $150,000 | 233.3% | 0.3% |
| Peoples Bank | $100,000 | $150,000 | 50.0% | 0.3% |
| First Federal Bank | $145,000 | n/a | 0.3% | |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $145,000 | n/a | 0.3% | |
| Flagstar Bank, FSB | $190,000 | $135,000 | -28.9% | 0.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $275,000 | $135,000 | -50.9% | 0.3% |
| Farmers Trust and Savings Bank | $125,000 | n/a | 0.3% | |
| GUILD MORTGAGE COMPANY | $125,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $115,000 | n/a | 0.3% | |
| Community Bank | $95,000 | n/a | 0.2% | |
| CROSSCOUNTRY MORTGAGE, LLC | $95,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $95,000 | n/a | 0.2% | |
| LAND HOME FINANCIAL SERVICES, INC. | $235,000 | $65,000 | -72.3% | 0.2% |
| Wells Fargo Bank | $135,000 | $65,000 | -51.9% | 0.2% |
| Community Choice Credit Union | $55,000 | n/a | 0.1% | |
| HOMESERVICES LENDING, LLC | $55,000 | n/a | 0.1% | |
| Coastal Community Bank | $15,000 | $50,000 | 233.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $45,000 | n/a | 0.1% | |
| MARINE | $35,000 | n/a | 0.1% | |
| ALLIANT | $25,000 | n/a | 0.1% | |
| Bank Iowa | $315,000 | $15,000 | -95.2% | 0.0% |
Carroll's top lender by overall market share is DUPACO COMMUNITY, with 13.5% market share. In second place, with 12.8%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $5,505,000 in loans. In third place, with 11.0%, is Availa Bank, having originated $4,715,000 in loans. In fourth place, with 7.9%, is QUICKEN LOANS, LLC, having originated $3,375,000 in loans. In fifth place, with 6.5%, is Midstates Bank, having originated $2,785,000 in loans.
Carroll, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 141 | $29,175,000 | $206,915 |
| Other | 47 | $3,085,000 | $65,638 |
| Cash Out Refi | 30 | $4,040,000 | $134,667 |
| Refi | 29 | $5,075,000 | $175,000 |
| Home Improvement | 19 | $1,595,000 | $83,947 |
Carroll's most frequently cited loan purpose was Home Purchase, with 141 originations. The 2nd most popular reason was Other, with 47 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 93 | $15,795,000 | $169,839 |
| 7-8% | 44 | $6,010,000 | $136,591 |
| Over 8% | 42 | $2,680,000 | $63,810 |
| 5-6% | 35 | $6,475,000 | $185,000 |
| <2.5% | 2 | $20,000 | $10,000 |
During 2024, Carroll's most frequently originated rate bucket was 6-7%, with 93 originations.
Loan Sizing (Carroll, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 113 | $6,225,000 | $55,088 |
| $100k-200k | 91 | $13,345,000 | $146,648 |
| $200k-400k | 49 | $13,505,000 | $275,612 |
| $400k-600k | 10 | $4,550,000 | $455,000 |
| $Over $1MM | 2 | $4,680,000 | $2,340,000 |
| $600k-1000k | 1 | $665,000 | $665,000 |
Carroll's loan sizing saw the bucket of loans from $100,000 or less with 113 originations, totaling $6,225,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 87 | $16,255,000 | $186,839 |
| 60-80% | 44 | $8,080,000 | $183,636 |
| 20-40% | 29 | $1,675,000 | $57,759 |
| Under 20% | 29 | $1,205,000 | $41,552 |
| 40-60% | 25 | $3,295,000 | $131,800 |
| Over 100% | 1 | $225,000 | $225,000 |
Carroll's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 87 originations, totaling $16,255,000 in origination value.