CEDAR RAPIDS Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cedar Rapids averaged
6.15%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
5.85% and
one month ago for the week of 2024-09-05, the
average rate was 6.18%.
Cedar Rapids's average rate one year ago was 7.22%.
For refis of the same type during the week of 2024-10-10, the average rate
was 5.86%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
Cedar Rapids 30 Year Fixed Rate | 2024-10-10 | 6.15% |
Cedar Rapids 30 Year Fixed Rate Refi | 2024-10-10 | 5.86% |
Cedar Rapids 15 Year Fixed Rate | 2024-10-10 | 5.76% |
Cedar Rapids 15 Year Fixed Rate Refi | 2024-10-10 | 5.61% |
Cedar Rapids 30 Year FHA | 2024-10-10 | 5.91% |
Cedar Rapids 30 Year FHA Refi | 2024-10-10 | 6.3% |
Cedar Rapids 30 Year USDA | 2024-10-10 | 6.08% |
Cedar Rapids 30 Year USDA Refi | 2024-10-10 | 6.08% |
Cedar Rapids 30 Year VA | 2024-10-10 | 5.62% |
Cedar Rapids 30 Year VA Refi | 2024-10-10 | 5.65% |
CEDAR RAPIDS 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 CEDAR RAPIDS, 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.).
CEDAR RAPIDS Average Closing Costs & Other Stats
CEDAR RAPIDS, IA's 103 lenders originated 7,202
loans during 2023. The total origination value was $1,118,330,000, with an average loan value of
$155,280.
CEDAR RAPIDS's average closing costs are $2,613.
The top CEDAR RAPIDS lender as defined by loan originations is GREENSTATE CREDIT UNION, with
715 loans originated. Their average total fees are
$1,939, which is $13
higher than the next largest lender,
Hills Bank and Trust Company.
The lowest fee CEDAR RAPIDS lenders (with over 10 loans originated) are
Fidelity Bank & Trust ($1,827), Hills Bank and Trust Company ($1,926), GREENSTATE CREDIT UNION ($1,939), VERIDIAN CREDIT UNION ($1,947) and Bankers Trust Company ($1,994).
The lowest rate CEDAR RAPIDS lenders (with over 10 loans originated) are
Bankers Trust Company (4.90%), DHI MORTGAGE COMPANY, LTD. (5.87%), DUPACO COMMUNITY (6.09%), FIRST (6.17%) and IOWA BANKERS MORTGAGE CORPORATION (6.24%).
CEDAR RAPIDS, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Hills Bank and Trust Company | $232,050,000 | $227,335,000 | -2.0% | 20.3% |
GREENSTATE CREDIT UNION | $371,860,000 | $223,935,000 | -39.8% | 20.0% |
Collins Community Credit Union | $154,140,000 | $71,755,000 | -53.4% | 6.4% |
VERIDIAN CREDIT UNION | $73,350,000 | $46,290,000 | -36.9% | 4.1% |
Cedar Rapids Bank and Trust Company | $65,745,000 | $37,350,000 | -43.2% | 3.3% |
UNITED WHOLESALE MORTGAGE, LLC | $33,505,000 | $31,760,000 | -5.2% | 2.8% |
DUPACO COMMUNITY | $38,770,000 | $29,175,000 | -24.7% | 2.6% |
Ohnward Bank & Trust | $33,480,000 | $27,865,000 | -16.8% | 2.5% |
RESIDENTIAL MORTGAGE NETWORK, INC. | $13,995,000 | $20,025,000 | 43.1% | 1.8% |
QUICKEN LOANS, LLC | $32,260,000 | $19,135,000 | -40.7% | 1.7% |
LINN AREA | $41,910,000 | $18,825,000 | -55.1% | 1.7% |
BROKER SOLUTIONS, INC. | $16,950,000 | $18,560,000 | 9.5% | 1.7% |
Farmers State Bank | $14,170,000 | $18,005,000 | 27.1% | 1.6% |
IOWA BANKERS MORTGAGE CORPORATION | $24,420,000 | $17,735,000 | -27.4% | 1.6% |
Mount Vernon Bank and Trust Company | $25,160,000 | $15,190,000 | -39.6% | 1.4% |
FLAT BRANCH MORTGAGE, INC. | $14,860,000 | n/a | 1.3% | |
U.S. Bank | $36,065,000 | $14,705,000 | -59.2% | 1.3% |
FIRST | $30,195,000 | $14,115,000 | -53.3% | 1.3% |
Community Savings Bank | $15,400,000 | $13,220,000 | -14.2% | 1.2% |
Central Bank | $550,000 | $12,530,000 | 2,178.2% | 1.1% |
Bankers Trust Company | $27,725,000 | $10,765,000 | -61.2% | 1.0% |
OPEN MORTGAGE, LLC | $12,070,000 | $10,675,000 | -11.6% | 1.0% |
Mortgage Research Center, LLC | $13,800,000 | $10,220,000 | -25.9% | 0.9% |
CEDAR VALLEY BANK & TRUST | $9,965,000 | n/a | 0.9% | |
BankIowa of Cedar Rapids | $18,520,000 | $9,715,000 | -47.5% | 0.9% |
DHI MORTGAGE COMPANY, LTD. | $945,000 | $9,310,000 | 885.2% | 0.8% |
Wells Fargo Bank | $22,555,000 | $8,770,000 | -61.1% | 0.8% |
MidWestOne Bank | $9,125,000 | $7,480,000 | -18.0% | 0.7% |
Farmers & Merchants Savings Bank | $9,420,000 | $6,500,000 | -31.0% | 0.6% |
Waterstone Mortgage Corporation | $10,845,000 | $6,160,000 | -43.2% | 0.6% |
Centier Bank | $50,000 | $5,490,000 | 10,880.0% | 0.5% |
Hiawatha Bank and Trust | $5,320,000 | n/a | 0.5% | |
Fidelity Bank & Trust | $8,230,000 | $5,290,000 | -35.7% | 0.5% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $4,690,000 | n/a | 0.4% | |
GUILD MORTGAGE COMPANY | $2,715,000 | $4,420,000 | 62.8% | 0.4% |
Citizens State Bank | $9,240,000 | $3,745,000 | -59.5% | 0.3% |
TOWNE MORTGAGE COMPANY | $935,000 | $3,485,000 | 272.7% | 0.3% |
Fairfax State Savings Bank | $3,065,000 | n/a | 0.3% | |
COMMUNITY 1ST CREDIT UNION | $3,330,000 | $2,785,000 | -16.4% | 0.2% |
BMO Harris Bank | $1,000,000 | $2,735,000 | 173.5% | 0.2% |
PENNYMAC LOAN SERVICES, LLC | $5,080,000 | $2,620,000 | -48.4% | 0.2% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $1,305,000 | $2,610,000 | 100.0% | 0.2% |
FREEDOM MORTGAGE CORPORATION | $5,890,000 | $2,610,000 | -55.7% | 0.2% |
Servion, Inc. | $4,990,000 | $2,610,000 | -47.7% | 0.2% |
HOMESERVICES LENDING, LLC | $3,600,000 | $2,595,000 | -27.9% | 0.2% |
CARDINAL FINANCIAL | $3,020,000 | $2,400,000 | -20.5% | 0.2% |
Lincoln Savings Bank | $1,300,000 | $2,185,000 | 68.1% | 0.2% |
LOANDEPOT.COM, LLC | $4,985,000 | $2,145,000 | -57.0% | 0.2% |
Plains Commerce Bank | $745,000 | $2,050,000 | 175.2% | 0.2% |
Bridge Community Bank | $1,945,000 | n/a | 0.2% | |
Farm Credit Mid-America, ACA | $1,545,000 | $1,865,000 | 20.7% | 0.2% |
NAVY FEDERAL CREDIT UNION | $2,010,000 | $1,800,000 | -10.4% | 0.2% |
CBI Bank & Trust | $1,790,000 | $1,770,000 | -1.1% | 0.2% |
Farmers Savings Bank & Trust | $1,720,000 | n/a | 0.2% | |
Deere Employees Credit Union | $1,580,000 | $1,610,000 | 1.9% | 0.1% |
The Federal Savings Bank | $500,000 | $1,590,000 | 218.0% | 0.1% |
NEWREZ LLC | $2,785,000 | $1,565,000 | -43.8% | 0.1% |
Washington State Bank | $2,895,000 | $1,530,000 | -47.2% | 0.1% |
Chelsea Savings Bank | $1,475,000 | n/a | 0.1% | |
Ally Bank | $1,040,000 | $1,335,000 | 28.4% | 0.1% |
21ST MORTGAGE CORPORATION | $225,000 | $1,330,000 | 491.1% | 0.1% |
Kerndt Brothers Savings Bank | $2,375,000 | $1,330,000 | -44.0% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $145,000 | $1,295,000 | 793.1% | 0.1% |
AMERISAVE MORTGAGE CORPORATION | $3,760,000 | $1,250,000 | -66.8% | 0.1% |
JPMorgan Chase Bank | $3,160,000 | $1,110,000 | -64.9% | 0.1% |
PNC Bank | $540,000 | $1,050,000 | 94.4% | 0.1% |
USAA Federal Savings Bank | $2,650,000 | $1,045,000 | -60.6% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $265,000 | $1,005,000 | 279.2% | 0.1% |
HOMESIDE FINANCIAL, LLC | $990,000 | $955,000 | -3.5% | 0.1% |
Barrington Bank & Trust Company, N.A. | $880,000 | $910,000 | 3.4% | 0.1% |
GUARANTEED RATE AFFINITY, LLC | $420,000 | $860,000 | 104.8% | 0.1% |
Midwest Heritage Bank FSB | $350,000 | $830,000 | 137.1% | 0.1% |
Carrington Mortgage Services, LLC | $3,310,000 | $815,000 | -75.4% | 0.1% |
Bell Bank | $370,000 | $725,000 | 95.9% | 0.1% |
HOMESTEAD FUNDING CORP. | $725,000 | n/a | 0.1% | |
Morgan Stanley Private Bank | $515,000 | $725,000 | 40.8% | 0.1% |
Figure Lending LLC | $530,000 | $710,000 | 34.0% | 0.1% |
AMERICAN FINANCIAL NETWORK, INC. | $705,000 | n/a | 0.1% | |
The Huntington National Bank | $690,000 | n/a | 0.1% | |
Citizens Bank | $4,295,000 | $685,000 | -84.1% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $1,085,000 | $665,000 | -38.7% | 0.1% |
Northpointe Bank | $395,000 | $665,000 | 68.4% | 0.1% |
AMERICAN FINANCING CORPORATION | $1,145,000 | $635,000 | -44.5% | 0.1% |
DuTrac Community Credit Union | $2,545,000 | $625,000 | -75.4% | 0.1% |
Mr. Cooper ( Nationstar Mortgage ) | $5,390,000 | $625,000 | -88.4% | 0.1% |
AMCAP MORTGAGE, LTD. | $1,360,000 | $585,000 | -57.0% | 0.1% |
ALLIANT | $4,235,000 | $580,000 | -86.3% | 0.1% |
AIR ACADEMY | $575,000 | n/a | 0.1% | |
COMPASS MORTGAGE, INC. | $115,000 | $555,000 | 382.6% | 0.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,045,000 | $540,000 | -73.6% | 0.0% |
AmeriHome Mortgage Company, LLC | $205,000 | $530,000 | 158.5% | 0.0% |
BANKORION | $215,000 | $530,000 | 146.5% | 0.0% |
GNB Bank | $1,025,000 | $520,000 | -49.3% | 0.0% |
Ixonia Bank | $505,000 | n/a | 0.0% | |
Luana Savings Bank | $975,000 | $505,000 | -48.2% | 0.0% |
EVERETT FINANCIAL, INC. | $555,000 | $500,000 | -9.9% | 0.0% |
GERSHMAN INVESTMENT CORP. | $485,000 | n/a | 0.0% | |
GUARANTEED RATE, INC. | $1,215,000 | $455,000 | -62.6% | 0.0% |
ZILLOW HOME LOANS, LLC | $275,000 | $455,000 | 65.5% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $495,000 | $450,000 | -9.1% | 0.0% |
GREATER IOWA CREDIT UNION | $145,000 | $445,000 | 206.9% | 0.0% |
Paramount Residential Mortgage Group, Inc. | $445,000 | n/a | 0.0% | |
PLAZA HOME MORTGAGE, INC. | $125,000 | $445,000 | 256.0% | 0.0% |
KELLER MORTGAGE, LLC | $175,000 | $440,000 | 151.4% | 0.0% |
CHURCHILL MORTGAGE CORPORATION | $630,000 | $430,000 | -31.7% | 0.0% |
GENEVA FINANCIAL, LLC | $235,000 | $430,000 | 83.0% | 0.0% |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $185,000 | $430,000 | 132.4% | 0.0% |
PREMIA MORTGAGE, LLC | $425,000 | n/a | 0.0% | |
HSBC BANK USA, NATIONAL ASSOCIATION | $395,000 | n/a | 0.0% | |
Northeast Security Bank | $395,000 | n/a | 0.0% | |
First Interstate Bank | $55,000 | $375,000 | 581.8% | 0.0% |
MOVEMENT MORTGAGE, LLC | $1,430,000 | $375,000 | -73.8% | 0.0% |
NATIONWIDE MORTGAGE BANKERS, INC. | $240,000 | $375,000 | 56.3% | 0.0% |
First Savings Bank | $365,000 | n/a | 0.0% | |
M&T Bank | $135,000 | $365,000 | 170.4% | 0.0% |
Coastal Community Bank | $355,000 | n/a | 0.0% | |
Keystone Savings Bank | $995,000 | $355,000 | -64.3% | 0.0% |
TJC Mortgage, Inc. | $355,000 | n/a | 0.0% | |
The Readlyn Savings Bank | $350,000 | n/a | 0.0% | |
DIGITAL Federal Credit Union | $345,000 | n/a | 0.0% | |
UNIVERSAL LENDING CORPORATION | $2,400,000 | $340,000 | -85.8% | 0.0% |
First Federal Bank | $335,000 | n/a | 0.0% | |
UBS Bank USA | $305,000 | n/a | 0.0% | |
EMM LOANS LLC | $300,000 | n/a | 0.0% | |
PLANET HOME LENDING, LLC | $295,000 | n/a | 0.0% | |
FINANCE OF AMERICA REVERSE LLC | $290,000 | n/a | 0.0% | |
Fortress Bank | $625,000 | $290,000 | -53.6% | 0.0% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $775,000 | $280,000 | -63.9% | 0.0% |
HOMEXPRESS MORTGAGE CORP. | $280,000 | n/a | 0.0% | |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $660,000 | $280,000 | -57.6% | 0.0% |
Stifel Bank and Trust | $255,000 | $275,000 | 7.8% | 0.0% |
American Mortgage & Equity Consultants, Inc. | $265,000 | n/a | 0.0% | |
Flagstar Bank, FSB | $2,110,000 | $265,000 | -87.4% | 0.0% |
SWBC MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
West Gate Bank | $260,000 | $265,000 | 1.9% | 0.0% |
POLARIS HOME FUNDING CORP. | $260,000 | n/a | 0.0% | |
American National Bank | $255,000 | n/a | 0.0% | |
Farmers National Bank | $255,000 | n/a | 0.0% | |
Heartland Bank and Trust Company | $830,000 | $255,000 | -69.3% | 0.0% |
Magnolia Bank | $245,000 | $255,000 | 4.1% | 0.0% |
United Bank of Iowa | $235,000 | n/a | 0.0% | |
NEW DAY FINANCIAL, LLC | $1,495,000 | $230,000 | -84.6% | 0.0% |
BOKF | $155,000 | $205,000 | 32.3% | 0.0% |
CIBM Bank | $205,000 | n/a | 0.0% | |
American State Bank | $195,000 | n/a | 0.0% | |
LIBERTY HOME MORTGAGE CORPORATION | $165,000 | $195,000 | 18.2% | 0.0% |
Century Mortgage Company DBA Century Lending Company | $185,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $1,330,000 | $185,000 | -86.1% | 0.0% |
Regions Bank | $805,000 | $185,000 | -77.0% | 0.0% |
RESIDENTIAL BANCORP | $185,000 | n/a | 0.0% | |
Bank of the West | $3,045,000 | $175,000 | -94.3% | 0.0% |
LAKEVIEW LOAN SERVICING, LLC | $1,615,000 | $175,000 | -89.2% | 0.0% |
Nations Lending Corporation | $115,000 | $175,000 | 52.2% | 0.0% |
THOMPSON KANE & COMPANY, LLC | $1,440,000 | $175,000 | -87.8% | 0.0% |
Fifth Third Bank | $165,000 | n/a | 0.0% | |
Bank of America | $1,815,000 | $160,000 | -91.2% | 0.0% |
CALIBER HOME LOANS, INC. | $935,000 | $155,000 | -83.4% | 0.0% |
NATIONS RELIABLE LENDING, LLC | $225,000 | $155,000 | -31.1% | 0.0% |
CMG MORTGAGE, INC. | $660,000 | $150,000 | -77.3% | 0.0% |
MEMBERS1st Community Credit Union | $130,000 | $145,000 | 11.5% | 0.0% |
Truist | $35,000 | $145,000 | 314.3% | 0.0% |
VILLAGE CAPITAL MORTGAGE | $1,160,000 | $145,000 | -87.5% | 0.0% |
Denver Savings Bank | $135,000 | n/a | 0.0% | |
Farmers State Bank | $14,170,000 | $135,000 | -99.0% | 0.0% |
JMAC LENDING, INC. | $135,000 | n/a | 0.0% | |
Central State Bank | $2,370,000 | $130,000 | -94.5% | 0.0% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $385,000 | $125,000 | -67.5% | 0.0% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $115,000 | n/a | 0.0% | |
ALLIANT CREDIT UNION | $105,000 | n/a | 0.0% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $95,000 | n/a | 0.0% | |
PENTAGON FEDERAL CREDIT UNION | $195,000 | $95,000 | -51.3% | 0.0% |
Raccoon Valley Bank | $95,000 | n/a | 0.0% | |
MARINE | $445,000 | $90,000 | -79.8% | 0.0% |
WRIGHT-PATT CREDIT UNION, INC. | $85,000 | n/a | 0.0% | |
Community State Bank | $65,000 | n/a | 0.0% | |
MAYO EMPLOYEES FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
SPRING EQ, LLC | $130,000 | $65,000 | -50.0% | 0.0% |
STAR USA FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
Grinnell State Bank | $55,000 | n/a | 0.0% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $485,000 | $55,000 | -88.7% | 0.0% |
Mound City Bank | $55,000 | n/a | 0.0% | |
CEDAR FALLS COMMUNITY CREDIT UNION | $285,000 | $35,000 | -87.7% | 0.0% |
Think Mutual Bank | $35,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $255,000 | $25,000 | -90.2% | 0.0% |
Northwest Bank | $445,000 | $25,000 | -94.4% | 0.0% |
Third Federal Savings and Loan Association of Cleveland | $25,000 | n/a | 0.0% |
CEDAR RAPIDS's top lender by overall market share is Hills Bank and Trust Company, with 20.3% market share. In second place, with 20.0%, is GREENSTATE CREDIT UNION, having originated $223,935,000 in loans. In third place, with 6.4%, is Collins Community Credit Union, having originated $71,755,000 in loans. In fourth place, with 4.1%, is VERIDIAN CREDIT UNION, having originated $46,290,000 in loans. In fifth place, with 3.3%, is Cedar Rapids Bank and Trust Company, having originated $37,350,000 in loans.
CEDAR RAPIDS, 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.
Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
---|---|---|---|---|---|---|
52202 | Cedar Rapids, IA HUD Metro FMR Area | $600 | $680 | $890 | $1,270 | $1,510 |
52205 | Cedar Rapids, IA HUD Metro FMR Area | $600 | $680 | $890 | $1,190 | $1,230 |
52213 | Cedar Rapids, IA HUD Metro FMR Area | $740 | $840 | $1,100 | $1,560 | $1,850 |
52214 | Cedar Rapids, IA HUD Metro FMR Area | $530 | $600 | $800 | $1,130 | $1,350 |
52218 | Cedar Rapids, IA HUD Metro FMR Area | $530 | $600 | $800 | $1,130 | $1,350 |
52219 | Cedar Rapids, IA HUD Metro FMR Area | $530 | $600 | $800 | $1,130 | $1,350 |
52227 | Cedar Rapids, IA HUD Metro FMR Area | $690 | $770 | $960 | $1,360 | $1,640 |
52228 | Cedar Rapids, IA HUD Metro FMR Area | $920 | $1,050 | $1,380 | $1,960 | $2,350 |
52233 | Cedar Rapids, IA HUD Metro FMR Area | $620 | $700 | $920 | $1,310 | $1,570 |
52253 | Cedar Rapids, IA HUD Metro FMR Area | $690 | $770 | $960 | $1,360 | $1,640 |
52302 | Cedar Rapids, IA HUD Metro FMR Area | $570 | $650 | $850 | $1,210 | $1,450 |
52305 | Cedar Rapids, IA HUD Metro FMR Area | $530 | $600 | $800 | $1,060 | $1,230 |
52310 | Cedar Rapids, IA HUD Metro FMR Area | $530 | $600 | $800 | $1,060 | $1,230 |
52314 | Cedar Rapids, IA HUD Metro FMR Area | $690 | $770 | $960 | $1,360 | $1,640 |
52324 | Cedar Rapids, IA HUD Metro FMR Area | $850 | $960 | $1,260 | $1,780 | $2,120 |
52328 | Cedar Rapids, IA HUD Metro FMR Area | $920 | $1,050 | $1,380 | $1,960 | $2,350 |
52332 | Cedar Rapids, IA HUD Metro FMR Area | $680 | $680 | $900 | $1,210 | $1,280 |
52333 | Cedar Rapids, IA HUD Metro FMR Area | $690 | $780 | $960 | $1,360 | $1,640 |
52336 | Cedar Rapids, IA HUD Metro FMR Area | $630 | $710 | $940 | $1,340 | $1,600 |
52338 | Cedar Rapids, IA HUD Metro FMR Area | $690 | $770 | $960 | $1,360 | $1,640 |
52341 | Cedar Rapids, IA HUD Metro FMR Area | $710 | $810 | $1,060 | $1,510 | $1,790 |
52344 | Cedar Rapids, IA HUD Metro FMR Area | $620 | $700 | $920 | $1,310 | $1,570 |
52351 | Cedar Rapids, IA HUD Metro FMR Area | $580 | $600 | $800 | $1,090 | $1,230 |
52352 | Cedar Rapids, IA HUD Metro FMR Area | $540 | $600 | $800 | $1,120 | $1,320 |
52401 | Cedar Rapids, IA HUD Metro FMR Area | $550 | $630 | $830 | $1,180 | $1,410 |
52402 | Cedar Rapids, IA HUD Metro FMR Area | $670 | $760 | $1,000 | $1,420 | $1,700 |
52403 | Cedar Rapids, IA HUD Metro FMR Area | $600 | $680 | $890 | $1,260 | $1,520 |
52404 | Cedar Rapids, IA HUD Metro FMR Area | $690 | $770 | $960 | $1,360 | $1,640 |
52405 | Cedar Rapids, IA HUD Metro FMR Area | $700 | $790 | $1,040 | $1,480 | $1,770 |
52406 | Cedar Rapids, IA HUD Metro FMR Area | $620 | $700 | $920 | $1,310 | $1,570 |
52408 | Cedar Rapids, IA HUD Metro FMR Area | $620 | $700 | $920 | $1,310 | $1,570 |
52409 | Cedar Rapids, IA HUD Metro FMR Area | $620 | $700 | $920 | $1,310 | $1,570 |
52410 | Cedar Rapids, IA HUD Metro FMR Area | $620 | $700 | $920 | $1,310 | $1,570 |
52411 | Cedar Rapids, IA HUD Metro FMR Area | $760 | $860 | $1,130 | $1,600 | $1,910 |
52498 | Cedar Rapids, IA HUD Metro FMR Area | $620 | $700 | $920 | $1,310 | $1,570 |
2022 Average & Median Rent Data Statistics
CEDAR RAPIDS, IA average 1BR rent: $730, median: $700
CEDAR RAPIDS, IA average 2BR rent: $953, median: $920
CEDAR RAPIDS, IA average 3BR rent: $1,342, median: $1,310
CEDAR RAPIDS, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 4,448 | $841,770,000 | $189,247 |
Refi | 740 | $112,790,000 | $152,419 |
Home Improvement | 727 | $51,435,000 | $70,750 |
Other | 680 | $42,390,000 | $62,338 |
Cash Out Refi | 607 | $69,945,000 | $115,231 |
Cedar Rapids's most frequently cited loan purpose was Home Purchase, with 4,448 originations. The 2nd most popular reason was Refi, with 740 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 2,417 | $436,075,000 | $180,420 |
7-8% | 1,594 | $212,730,000 | $133,457 |
5-6% | 1,161 | $232,805,000 | $200,521 |
Over 8% | 1,100 | $72,110,000 | $65,555 |
<2.5% | 70 | $2,100,000 | $30,000 |
4-5% | 59 | $12,115,000 | $205,339 |
3-4% | 34 | $19,220,000 | $565,294 |
2.5-3% | 8 | $970,000 | $121,250 |
During 2023, Cedar Rapids's most frequently originated rate bucket was 6-7%, with 2,417 originations.
Loan Sizing (CEDAR RAPIDS, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 3,036 | $143,360,000 | $47,220 |
$100k-200k | 2,452 | $361,780,000 | $147,545 |
$200k-400k | 1,442 | $390,410,000 | $270,742 |
$400k-600k | 186 | $87,400,000 | $469,892 |
$600k-1000k | 55 | $38,405,000 | $698,273 |
$Over $1MM | 31 | $96,975,000 | $3,128,226 |
CEDAR RAPIDS's loan sizing saw the bucket of loans from $100,000 or less with 3,036 originations, totaling $143,360,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 2,301 | $501,835,000 | $218,094 |
Under 20% | 1,396 | $46,030,000 | $32,973 |
60-80% | 1,263 | $261,265,000 | $206,861 |
20-40% | 936 | $78,100,000 | $83,440 |
40-60% | 439 | $77,685,000 | $176,959 |
Over 100% | 41 | $10,785,000 | $263,049 |
CEDAR RAPIDS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,301 originations, totaling $501,835,000 in origination value.