CEDAR RAPIDS Mortgage Rates
30 Year Fixed Rate mortgages in Cedar Rapids averaged
5.6%
for the week of 2022-05-12, compared to the national average of
5.3% for the same period.
The average rate for the prior week (2022-05-05) was
5.17% and
one month ago for the week of 2022-04-07, the
average rate was 4.72%.
Cedar Rapids's average rate one year ago was 3.1%.
For refis of the same type during the week of 2022-05-12, the average rate
was 5.39%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2022-05-12 | 5.3% |
| Cedar Rapids 30 Year Fixed Rate | 2022-05-12 | 5.6% |
| Cedar Rapids 30 Year Fixed Rate Refi | 2022-05-12 | 5.39% |
| Cedar Rapids 15 Year Fixed Rate | 2022-05-12 | 4.61% |
| Cedar Rapids 15 Year Fixed Rate Refi | 2022-05-12 | 4.44% |
| Cedar Rapids 30 Year FHA | 2022-05-12 | 5.68% |
| Cedar Rapids 30 Year FHA Refi | 2022-05-12 | 5.37% |
| Cedar Rapids 30 Year USDA | 2022-05-12 | 5.23% |
| Cedar Rapids 30 Year USDA Refi | 2022-05-12 | 5.35% |
| Cedar Rapids 30 Year VA | 2022-05-12 | 5.2% |
| Cedar Rapids 30 Year VA Refi | 2022-05-12 | 5.06% |
CEDAR RAPIDS 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 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, IA's 154 lenders originated 15,956
loans during 2021. The total origination value was $2,658,030,000, with an average loan value of
$166,585.
The top CEDAR RAPIDS lender as defined by loan originations is GREENSTATE CREDIT UNION, with
1,783 loans originated. Their average total fees are
$1,849, which is $188
higher than the next largest lender,
Collins Community Credit Union.
The lowest fee CEDAR RAPIDS lenders (with over 10 loans originated) are
Farmers & Merchants Savings Bank ($1,300), BankIowa of Cedar Rapids ($1,391), Associated Bank ($1,432), Collins Community Credit Union ($1,662) and VERIDIAN CREDIT UNION ($1,699).
The lowest rate CEDAR RAPIDS lenders (with over 10 loans originated) are
Community Savings Bank (2.72%), Citizens Bank (2.73%), BankIowa of Cedar Rapids (2.73%), RUHL MORTGAGE, LLC (2.75%) and Bankers Trust Company (2.76%).
CEDAR RAPIDS, 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 |
|---|---|---|---|---|
| GREENSTATE CREDIT UNION | $528,460,000 | $529,150,000 | 0.1% | 19.9% |
| Collins Community Credit Union | $342,100,000 | $284,570,000 | -16.8% | 10.7% |
| Hills Bank and Trust Company | $228,345,000 | $235,500,000 | 3.1% | 8.9% |
| VERIDIAN CREDIT UNION | $108,575,000 | $112,380,000 | 3.5% | 4.2% |
| LINN AREA | $80,835,000 | $100,135,000 | 23.9% | 3.8% |
| QUICKEN LOANS, LLC | $62,075,000 | $88,960,000 | 43.3% | 3.3% |
| Ohnward Bank & Trust | $70,220,000 | n/a | 2.6% | |
| Wells Fargo Bank | $40,300,000 | $67,685,000 | 68.0% | 2.5% |
| DUPACO COMMUNITY | $48,220,000 | $67,480,000 | 39.9% | 2.5% |
| U.S. Bank | $55,085,000 | $61,790,000 | 12.2% | 2.3% |
| IOWA BANKERS MORTGAGE CORPORATION | $70,055,000 | $56,250,000 | -19.7% | 2.1% |
| Farmers State Bank | $1,335,000 | $54,060,000 | 3,949.4% | 2.0% |
| WALKER & DUNLOP, LLC | $46,680,000 | n/a | 1.8% | |
| BankIowa of Cedar Rapids | $60,240,000 | $46,480,000 | -22.8% | 1.7% |
| FIRST | $32,185,000 | $45,045,000 | 40.0% | 1.7% |
| Cedar Rapids Bank and Trust Company | $26,200,000 | $44,355,000 | 69.3% | 1.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $15,825,000 | $42,425,000 | 168.1% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $20,740,000 | $30,705,000 | 48.0% | 1.2% |
| Bankers Trust Company | $38,565,000 | $30,225,000 | -21.6% | 1.1% |
| Mount Vernon Bank and Trust Company | $54,030,000 | $28,820,000 | -46.7% | 1.1% |
| Fidelity Bank & Trust | $19,060,000 | $27,455,000 | 44.0% | 1.0% |
| Farmers & Merchants Savings Bank | $38,660,000 | $24,805,000 | -35.8% | 0.9% |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $21,365,000 | $23,860,000 | 11.7% | 0.9% |
| KeyBank | $23,455,000 | n/a | 0.9% | |
| Citizens Bank | $25,595,000 | $23,145,000 | -9.6% | 0.9% |
| Waterstone Mortgage Corporation | $21,670,000 | $22,760,000 | 5.0% | 0.9% |
| Community Savings Bank | $32,195,000 | $22,545,000 | -30.0% | 0.8% |
| OPEN MORTGAGE, LLC | $9,550,000 | $16,875,000 | 76.7% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $3,535,000 | $16,550,000 | 368.2% | 0.6% |
| BROKER SOLUTIONS, INC. | $6,140,000 | $16,215,000 | 164.1% | 0.6% |
| HOME POINT FINANCIAL CORPORATION | $9,815,000 | $14,515,000 | 47.9% | 0.5% |
| Green Belt Bank & Trust | $105,000 | $14,425,000 | 13,638.1% | 0.5% |
| Servion, Inc. | $15,685,000 | $13,815,000 | -11.9% | 0.5% |
| Mortgage Research Center, LLC | $14,940,000 | $13,740,000 | -8.0% | 0.5% |
| CALIBER HOME LOANS, INC. | $12,200,000 | $13,600,000 | 11.5% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $5,825,000 | $13,495,000 | 131.7% | 0.5% |
| LOANDEPOT.COM, LLC | $6,860,000 | $12,565,000 | 83.2% | 0.5% |
| Citizens State Bank | $26,655,000 | $12,335,000 | -53.7% | 0.5% |
| GUILD MORTGAGE COMPANY | $16,355,000 | $11,955,000 | -26.9% | 0.4% |
| Bank of the West | $5,265,000 | $11,120,000 | 111.2% | 0.4% |
| HOMESERVICES LENDING, LLC | $6,095,000 | $9,620,000 | 57.8% | 0.4% |
| Kerndt Brothers Savings Bank | $7,645,000 | $9,395,000 | 22.9% | 0.4% |
| Keystone Savings Bank | $3,210,000 | $9,250,000 | 188.2% | 0.3% |
| NEWREZ LLC | $4,150,000 | $8,925,000 | 115.1% | 0.3% |
| MidWestOne Bank | $8,515,000 | $8,790,000 | 3.2% | 0.3% |
| Old National Bank | $7,155,000 | n/a | 0.3% | |
| NAVY FEDERAL CREDIT UNION | $3,880,000 | $6,260,000 | 61.3% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $3,065,000 | $6,170,000 | 101.3% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $3,860,000 | $6,065,000 | 57.1% | 0.2% |
| UNIVERSAL LENDING CORPORATION | $6,060,000 | $5,750,000 | -5.1% | 0.2% |
| ALLIANT | $4,630,000 | $4,995,000 | 7.9% | 0.2% |
| CBI Bank & Trust | $4,935,000 | $4,760,000 | -3.5% | 0.2% |
| INLANTA MORTGAGE, INC. | $5,585,000 | $4,490,000 | -19.6% | 0.2% |
| Farm Credit Mid-America, ACA | $2,140,000 | $4,365,000 | 104.0% | 0.2% |
| RUHL MORTGAGE, LLC | $6,285,000 | $4,360,000 | -30.6% | 0.2% |
| BETTER MORTGAGE CORPORATION | $1,315,000 | $4,015,000 | 205.3% | 0.2% |
| Associated Bank | $4,405,000 | $3,875,000 | -12.0% | 0.1% |
| West Gate Bank | $3,930,000 | $3,760,000 | -4.3% | 0.1% |
| M&T Realty Capital Corporation | $3,665,000 | n/a | 0.1% | |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $6,295,000 | $3,635,000 | -42.3% | 0.1% |
| Luana Savings Bank | $2,225,000 | $3,530,000 | 58.7% | 0.1% |
| Flagstar Bank, FSB | $710,000 | $3,135,000 | 341.5% | 0.1% |
| Great Western Bank | $1,505,000 | $3,130,000 | 108.0% | 0.1% |
| DuTrac Community Credit Union | $1,675,000 | $3,110,000 | 85.7% | 0.1% |
| NEW DAY FINANCIAL, LLC | $1,915,000 | $2,950,000 | 54.0% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $1,640,000 | $2,765,000 | 68.6% | 0.1% |
| DAS Acquisition Company, LLC | $1,650,000 | $2,670,000 | 61.8% | 0.1% |
| COMMUNITY 1ST CREDIT UNION | $3,825,000 | $2,660,000 | -30.5% | 0.1% |
| Carrington Mortgage Services, LLC | $2,865,000 | $2,615,000 | -8.7% | 0.1% |
| Central State Bank | $4,520,000 | $2,555,000 | -43.5% | 0.1% |
| Ally Bank | $865,000 | $2,520,000 | 191.3% | 0.1% |
| The Federal Savings Bank | $3,055,000 | $2,500,000 | -18.2% | 0.1% |
| USAA Federal Savings Bank | $3,665,000 | $2,465,000 | -32.7% | 0.1% |
| JPMorgan Chase Bank | $1,935,000 | $2,365,000 | 22.2% | 0.1% |
| TOWNE MORTGAGE COMPANY | $1,960,000 | $2,260,000 | 15.3% | 0.1% |
| Vibrant Credit Union | $2,350,000 | $2,065,000 | -12.1% | 0.1% |
| The Greenwood's State Bank | $2,055,000 | n/a | 0.1% | |
| Farmers State Bank | $1,335,000 | $2,025,000 | 51.7% | 0.1% |
| VILLAGE CAPITAL & INVESTMENT LLC | $935,000 | $2,020,000 | 116.0% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $6,690,000 | $2,010,000 | -70.0% | 0.1% |
| Northwest Bank | $895,000 | $2,005,000 | 124.0% | 0.1% |
| Arbor Bank | $1,485,000 | $1,955,000 | 31.6% | 0.1% |
| Northpointe Bank | $385,000 | $1,950,000 | 406.5% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $850,000 | $1,855,000 | 118.2% | 0.1% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $485,000 | $1,840,000 | 279.4% | 0.1% |
| GNB Bank | $1,300,000 | $1,800,000 | 38.5% | 0.1% |
| Deere Employees Credit Union | $2,125,000 | $1,760,000 | -17.2% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,800,000 | $1,725,000 | -4.2% | 0.1% |
| AMCAP MORTGAGE, LTD. | $475,000 | $1,700,000 | 257.9% | 0.1% |
| GUARANTEED RATE, INC. | $800,000 | $1,700,000 | 112.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,250,000 | $1,695,000 | -24.7% | 0.1% |
| Contract Exchange Corporation | $705,000 | $1,545,000 | 119.1% | 0.1% |
| Lincoln Savings Bank | $2,680,000 | $1,475,000 | -45.0% | 0.1% |
| The Home Loan Expert LLC | $1,470,000 | n/a | 0.1% | |
| Low VA Rates, LLC | $1,090,000 | $1,465,000 | 34.4% | 0.1% |
| Hometown Equity Mortgage, LLC | $1,135,000 | $1,360,000 | 19.8% | 0.1% |
| ZILLOW HOME LOANS, LLC | $165,000 | $1,320,000 | 700.0% | 0.0% |
| PNC Bank | $340,000 | $1,315,000 | 286.8% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,300,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $2,640,000 | $1,260,000 | -52.3% | 0.0% |
| AMERICAN FINANCING CORPORATION | $945,000 | $1,245,000 | 31.7% | 0.0% |
| Bank Iowa | $255,000 | $1,205,000 | 372.5% | 0.0% |
| SOFI LENDING CORP. | $300,000 | $1,190,000 | 296.7% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $360,000 | $1,155,000 | 220.8% | 0.0% |
| HOMESIDE FINANCIAL, LLC | $1,570,000 | $1,150,000 | -26.8% | 0.0% |
| Bank of America | $1,550,000 | $1,135,000 | -26.8% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,115,000 | n/a | 0.0% | |
| Atlantic Union Bank | $455,000 | $1,090,000 | 139.6% | 0.0% |
| Equity Prime Mortgage LLC | $1,620,000 | $1,080,000 | -33.3% | 0.0% |
| AMERICAN FINANCIAL NETWORK, INC. | $810,000 | $1,015,000 | 25.3% | 0.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $1,360,000 | $1,005,000 | -26.1% | 0.0% |
| COMPASS MORTGAGE, INC. | $685,000 | $970,000 | 41.6% | 0.0% |
| RESIDENTIAL BANCORP. | $955,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $95,000 | $945,000 | 894.7% | 0.0% |
| Midwest Heritage Bank FSB | $1,590,000 | $905,000 | -43.1% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $245,000 | $875,000 | 257.1% | 0.0% |
| ASCENTRA | $860,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $205,000 | $855,000 | 317.1% | 0.0% |
| KELLER MORTGAGE, LLC | $1,400,000 | $830,000 | -40.7% | 0.0% |
| Paramount Residential Mortgage Group, Inc. | $115,000 | $810,000 | 604.3% | 0.0% |
| Regions Bank | $1,940,000 | $810,000 | -58.2% | 0.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $330,000 | $795,000 | 140.9% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $835,000 | $795,000 | -4.8% | 0.0% |
| HOMESTEAD FUNDING CORP. | $780,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $1,045,000 | $780,000 | -25.4% | 0.0% |
| First National Bank, Ames, Iowa | $755,000 | n/a | 0.0% | |
| Central Bank | $220,000 | $710,000 | 222.7% | 0.0% |
| Community First National Bank | $710,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $310,000 | $695,000 | 124.2% | 0.0% |
| First Guaranty Mortgage Corporation | $1,065,000 | $695,000 | -34.7% | 0.0% |
| InterContinental Capital Group, Inc | $675,000 | n/a | 0.0% | |
| Peoples Bank | $670,000 | n/a | 0.0% | |
| FINANCE OF AMERICA MORTGAGE LLC | $630,000 | $665,000 | 5.6% | 0.0% |
| NP, Inc. | $165,000 | $665,000 | 303.0% | 0.0% |
| CROSSCOUNTRY MORTGAGE, LLC | $805,000 | $655,000 | -18.6% | 0.0% |
| THOMPSON KANE & COMPANY, LLC | $655,000 | n/a | 0.0% | |
| CITY-COUNTY CREDIT UNION | $85,000 | $650,000 | 664.7% | 0.0% |
| First National Bank of Omaha | $645,000 | n/a | 0.0% | |
| SOVEREIGN LENDING GROUP INCORPORATED | $580,000 | $645,000 | 11.2% | 0.0% |
| MARINE | $300,000 | $630,000 | 110.0% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $185,000 | $550,000 | 197.3% | 0.0% |
| EMBRACE HOME LOANS, INC. | $450,000 | $535,000 | 18.9% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $155,000 | $535,000 | 245.2% | 0.0% |
| Chickasaw Community Bank | $525,000 | n/a | 0.0% | |
| Baxter Credit Union | $105,000 | $520,000 | 395.2% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $520,000 | n/a | 0.0% | |
| Fifth Third Bank | $515,000 | n/a | 0.0% | |
| ACADEMY MORTGAGE CORPORATION | $2,405,000 | $510,000 | -78.8% | 0.0% |
| Fortress Bank | $200,000 | $505,000 | 152.5% | 0.0% |
| LOANSNAP, INC. | $505,000 | n/a | 0.0% | |
| First Central State Bank | $495,000 | $495,000 | 0.0% | 0.0% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $485,000 | n/a | 0.0% | |
| Truist Bank | $30,415,000 | $475,000 | -98.4% | 0.0% |
| EVERETT FINANCIAL, INC. | $470,000 | n/a | 0.0% | |
| First Home Bank | $470,000 | n/a | 0.0% | |
| SENB Bank | $115,000 | $440,000 | 282.6% | 0.0% |
| PROPER RATE, LLC | $435,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $95,000 | $430,000 | 352.6% | 0.0% |
| Chicago Mortgage Solutions LLC | $395,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $125,000 | $385,000 | 208.0% | 0.0% |
| Manufacturers and Traders Trust Company | $265,000 | $375,000 | 41.5% | 0.0% |
| INSPIRE HOME LOANS INC. | $370,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $335,000 | n/a | 0.0% | |
| Think Mutual Bank | $160,000 | $335,000 | 109.4% | 0.0% |
| Midland States Bank | $325,000 | n/a | 0.0% | |
| NBKC BANK | $380,000 | $325,000 | -14.5% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $320,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $320,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $315,000 | n/a | 0.0% | |
| GENEVA FINANCIAL, LLC | $315,000 | n/a | 0.0% | |
| SWBC MORTGAGE CORPORATION | $315,000 | n/a | 0.0% | |
| Florida Capital Bank | $310,000 | n/a | 0.0% | |
| First Federal Bank | $330,000 | $305,000 | -7.6% | 0.0% |
| Great Southern Bank | $135,000 | $305,000 | 125.9% | 0.0% |
| MEMBERS1st Community Credit Union | $305,000 | n/a | 0.0% | |
| Mound City Bank | $900,000 | $305,000 | -66.1% | 0.0% |
| TIAA, FSB | $295,000 | $295,000 | 0.0% | 0.0% |
| MICHIGAN MUTUAL, INC. | $290,000 | n/a | 0.0% | |
| Paramount Bank | $285,000 | n/a | 0.0% | |
| CNB Bank And Trust, N.A. | $275,000 | n/a | 0.0% | |
| National Exchange Bank and Trust | $315,000 | $275,000 | -12.7% | 0.0% |
| Citizens Community Federal | $270,000 | n/a | 0.0% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $340,000 | $270,000 | -20.6% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $265,000 | n/a | 0.0% | |
| Marine Bank | $265,000 | n/a | 0.0% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $470,000 | $265,000 | -43.6% | 0.0% |
| Dubuque Bank and Trust Company | $260,000 | n/a | 0.0% | |
| CMG MORTGAGE, INC. | $255,000 | n/a | 0.0% | |
| LENDERFI, INC. | $255,000 | n/a | 0.0% | |
| Truity Federal Credit Union | $255,000 | n/a | 0.0% | |
| ALLIANT CREDIT UNION | $65,000 | $250,000 | 284.6% | 0.0% |
| Fidelity Bank | $155,000 | $245,000 | 58.1% | 0.0% |
| First Bank | $270,000 | $245,000 | -9.3% | 0.0% |
| Gateway First Bank | $455,000 | $240,000 | -47.3% | 0.0% |
| FirstBank | $235,000 | n/a | 0.0% | |
| Meridian Bank Corporation | $235,000 | n/a | 0.0% | |
| MidFirst Bank | $225,000 | n/a | 0.0% | |
| MORIA DEVELOPMENT, INC. | $225,000 | n/a | 0.0% | |
| Oxford Bank & Trust | $310,000 | $225,000 | -27.4% | 0.0% |
| Pinnacle Bank | $225,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $495,000 | $220,000 | -55.6% | 0.0% |
| AMERICAN ADVISORS GROUP | $230,000 | $215,000 | -6.5% | 0.0% |
| CEDAR FALLS COMMUNITY CREDIT UNION | $135,000 | $210,000 | 55.6% | 0.0% |
| First PREMIER Bank | $195,000 | $205,000 | 5.1% | 0.0% |
| INTELLILOAN, INC. | $205,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $580,000 | $205,000 | -64.7% | 0.0% |
| GSF Mortgage Corporation | $195,000 | n/a | 0.0% | |
| Lend Smart Mortgage, LLC | $195,000 | n/a | 0.0% | |
| Citibank | $190,000 | n/a | 0.0% | |
| Washington State Bank | $475,000 | $190,000 | -60.0% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $400,000 | $185,000 | -53.8% | 0.0% |
| Merchants Bank | $185,000 | n/a | 0.0% | |
| Two Rivers Bank & Trust | $185,000 | $185,000 | 0.0% | 0.0% |
| COMMUNITYAMERICA | $175,000 | n/a | 0.0% | |
| TBK BANK, SSB | $175,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $370,000 | $165,000 | -55.4% | 0.0% |
| Columbia State Bank | $165,000 | n/a | 0.0% | |
| FBC MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| First International Bank & Trust | $165,000 | n/a | 0.0% | |
| EMM LOANS LLC | $3,505,000 | $155,000 | -95.6% | 0.0% |
| R.I.A. Federal Credit Union | $155,000 | n/a | 0.0% | |
| Bank of England | $365,000 | $145,000 | -60.3% | 0.0% |
| OCEANSIDE MORTGAGE COMPANY | $735,000 | $145,000 | -80.3% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $145,000 | n/a | 0.0% | |
| ATHAS CAPITAL GROUP, INC. | $325,000 | $135,000 | -58.5% | 0.0% |
| BNC National Bank | $135,000 | n/a | 0.0% | |
| Hometown Lenders, Inc. | $135,000 | n/a | 0.0% | |
| Plains Commerce Bank | $185,000 | $135,000 | -27.0% | 0.0% |
| Auto Club Trust, FSB | $125,000 | n/a | 0.0% | |
| BOKF | $280,000 | $125,000 | -55.4% | 0.0% |
| Community Choice Credit Union | $125,000 | $115,000 | -8.0% | 0.0% |
| First Dakota National Bank | $165,000 | $115,000 | -30.3% | 0.0% |
| MIDFLORIDA | $115,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $105,000 | n/a | 0.0% | |
| Bell Bank | $105,000 | n/a | 0.0% | |
| First Horizon Bank | $105,000 | n/a | 0.0% | |
| THRIVENT Federal Credit Union | $105,000 | n/a | 0.0% | |
| Alliance Bank | $225,000 | $95,000 | -57.8% | 0.0% |
| Elements Financial Federal Credit Union | $95,000 | n/a | 0.0% | |
| FLAT BRANCH MORTGAGE, INC. | $165,000 | $95,000 | -42.4% | 0.0% |
| LIMA ONE CAPITAL, LLC | $95,000 | n/a | 0.0% | |
| Willamette Valley Bank | $360,000 | $95,000 | -73.6% | 0.0% |
| Figure Lending LLC | $90,000 | n/a | 0.0% | |
| GERSHMAN INVESTMENT CORP. | $1,380,000 | $85,000 | -93.8% | 0.0% |
| S1L, Inc. | $235,000 | $75,000 | -68.1% | 0.0% |
| American State Bank | $65,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $65,000 | n/a | 0.0% | |
| First Internet Bank of Indiana | $65,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $55,000 | n/a | 0.0% | |
| CANOPY MORTGAGE, LLC | $55,000 | n/a | 0.0% | |
| STAR USA FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| 21ST MORTGAGE CORPORATION | $240,000 | $50,000 | -79.2% | 0.0% |
| SPRING EQ, LLC | $35,000 | $45,000 | 28.6% | 0.0% |
| United Bank of Iowa | $45,000 | n/a | 0.0% | |
| Centier Bank | $150,000 | $35,000 | -76.7% | 0.0% |
| NUMARK CREDIT UNION | $35,000 | $35,000 | 0.0% | 0.0% |
| GENISYS | $15,000 | n/a | 0.0% |
CEDAR RAPIDS's top lender by overall market share is GREENSTATE CREDIT UNION, with 19.9% market share. In second place, with 10.7%, is Collins Community Credit Union, having originated $284,570,000 in loans. In third place, with 8.9%, is Hills Bank and Trust Company, having originated $235,500,000 in loans. In third place, with 4.2%, is VERIDIAN CREDIT UNION, having originated $112,380,000 in loans. In third place, with 3.8%, is LINN AREA, having originated $100,135,000 in loans.
CEDAR RAPIDS, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 6,409 | $1,105,805,000 | $172,539 |
| Refi | 5,787 | $1,077,835,000 | $186,251 |
| Cash Out Refi | 2,185 | $362,085,000 | $165,714 |
| Home Improvement | 803 | $58,755,000 | $73,169 |
| Other | 772 | $53,550,000 | $69,365 |
Cedar Rapids's most frequently cited loan purpose was Home Purchase, with 6,409 originations. The 2nd most popular reason was Refi, with 5,787 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 5,313 | $1,007,285,000 | $189,589 |
| 3-4% | 4,959 | $723,695,000 | $145,936 |
| <2.5% | 3,165 | $610,235,000 | $192,807 |
| 4-5% | 1,174 | $101,100,000 | $86,116 |
| 5-6% | 384 | $17,520,000 | $45,625 |
| 6-7% | 91 | $4,285,000 | $47,088 |
| 7-8% | 65 | $3,305,000 | $50,846 |
| Over 8% | 47 | $2,495,000 | $53,085 |
During 2021, Cedar Rapids's most frequently originated rate bucket was 2.5-3%, with 5,313 originations.
Loan Sizing (CEDAR RAPIDS, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 6,715 | $968,955,000 | $144,297 |
| $100,000 or less | 5,062 | $269,370,000 | $53,214 |
| $200k-400k | 3,694 | $975,130,000 | $263,977 |
| $400k-600k | 394 | $187,130,000 | $474,949 |
| $Over $1MM | 48 | $224,980,000 | $4,687,083 |
| $600k-1000k | 43 | $32,465,000 | $755,000 |
CEDAR RAPIDS's loan sizing saw the bucket of loans from $100k-200k with 6,715 originations, totaling $968,955,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 5,040 | $1,001,590,000 | $198,728 |
| 60-80% | 4,802 | $966,720,000 | $201,316 |
| Under 20% | 1,965 | $58,975,000 | $30,013 |
| 40-60% | 1,735 | $264,995,000 | $152,735 |
| 20-40% | 1,329 | $109,275,000 | $82,223 |
| Over 100% | 82 | $28,450,000 | $346,951 |
CEDAR RAPIDS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 5,040 originations, totaling $1,001,590,000 in origination value.
