CEDAR RAPIDS Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Cedar Rapids averaged
5.57%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
5.39% and
one month ago for the week of 2023-04-20, the
average rate was 5.69%.
Cedar Rapids's average rate one year ago was 4.45%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.18%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Cedar Rapids 30 Year Fixed Rate | 2023-05-25 | 5.57% |
| Cedar Rapids 30 Year Fixed Rate Refi | 2023-05-25 | 5.18% |
| Cedar Rapids 15 Year Fixed Rate | 2023-05-25 | 5.76% |
| Cedar Rapids 15 Year Fixed Rate Refi | 2023-05-25 | 5.15% |
| Cedar Rapids 30 Year FHA | 2023-05-25 | 6.61% |
| Cedar Rapids 30 Year FHA Refi | 2023-05-25 | 6.71% |
| Cedar Rapids 30 Year USDA | 2023-05-25 | 6.53% |
| Cedar Rapids 30 Year USDA Refi | 2023-05-25 | 6.73% |
| Cedar Rapids 30 Year VA | 2023-05-25 | 6.08% |
| Cedar Rapids 30 Year VA Refi | 2023-05-25 | 6.21% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CEDAR RAPIDS, IA.
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 136 lenders originated 10,628
loans during 2022. The total origination value was $1,724,450,000, with an average loan value of
$162,255.
CEDAR RAPIDS's average closing costs are $2,519.
The top CEDAR RAPIDS lender as defined by loan originations is GREENSTATE CREDIT UNION, with
1,282 loans originated. Their average total fees are
$1,925, which is $189
higher than the next largest lender,
Hills Bank and Trust Company.
The lowest fee CEDAR RAPIDS lenders (with over 10 loans originated) are
Farmers & Merchants Savings Bank ($1,553), BankIowa of Cedar Rapids ($1,561), Collins Community Credit Union ($1,727), Hills Bank and Trust Company ($1,736) and Fidelity Bank & Trust ($1,807).
The lowest rate CEDAR RAPIDS lenders (with over 10 loans originated) are
FIRST (3.96%), BankIowa of Cedar Rapids (4.11%), GREENSTATE CREDIT UNION (4.20%), LOANDEPOT.COM, LLC (4.20%) and Bankers Trust Company (4.27%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| GREENSTATE CREDIT UNION | $529,150,000 | $371,860,000 | -29.7% | 21.6% |
| Hills Bank and Trust Company | $235,500,000 | $232,050,000 | -1.5% | 13.5% |
| Collins Community Credit Union | $284,570,000 | $154,140,000 | -45.8% | 8.9% |
| VERIDIAN CREDIT UNION | $112,380,000 | $73,350,000 | -34.7% | 4.3% |
| Cedar Rapids Bank and Trust Company | $44,355,000 | $65,745,000 | 48.2% | 3.8% |
| Farmers State Bank | $2,025,000 | $54,935,000 | 2,612.8% | 3.2% |
| LINN AREA | $100,135,000 | $41,910,000 | -58.1% | 2.4% |
| DUPACO COMMUNITY | $67,480,000 | $38,770,000 | -42.5% | 2.2% |
| U.S. Bank | $61,790,000 | $36,065,000 | -41.6% | 2.1% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $35,195,000 | n/a | 2.0% | |
| UNITED WHOLESALE MORTGAGE, LLC | $42,425,000 | $33,505,000 | -21.0% | 1.9% |
| Ohnward Bank & Trust | $70,220,000 | $33,480,000 | -52.3% | 1.9% |
| QUICKEN LOANS, LLC | $88,960,000 | $32,260,000 | -63.7% | 1.9% |
| Availa Bank | $31,005,000 | n/a | 1.8% | |
| FIRST | $45,045,000 | $30,195,000 | -33.0% | 1.8% |
| Bankers Trust Company | $30,225,000 | $27,725,000 | -8.3% | 1.6% |
| Mount Vernon Bank and Trust Company | $28,820,000 | $25,160,000 | -12.7% | 1.5% |
| IOWA BANKERS MORTGAGE CORPORATION | $56,250,000 | $24,420,000 | -56.6% | 1.4% |
| Wells Fargo Bank | $67,685,000 | $22,555,000 | -66.7% | 1.3% |
| BankIowa of Cedar Rapids | $46,480,000 | $18,520,000 | -60.2% | 1.1% |
| BROKER SOLUTIONS, INC. | $16,215,000 | $16,950,000 | 4.5% | 1.0% |
| Community Savings Bank | $22,545,000 | $15,400,000 | -31.7% | 0.9% |
| Grandbridge Real Estate Capital LLC | $15,225,000 | n/a | 0.9% | |
| Farmers State Bank | $2,025,000 | $14,170,000 | 599.8% | 0.8% |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $23,860,000 | $13,995,000 | -41.3% | 0.8% |
| Mortgage Research Center, LLC | $13,740,000 | $13,800,000 | 0.4% | 0.8% |
| OPEN MORTGAGE, LLC | $16,875,000 | $12,070,000 | -28.5% | 0.7% |
| Old National Bank | $7,155,000 | $11,560,000 | 61.6% | 0.7% |
| Waterstone Mortgage Corporation | $22,760,000 | $10,845,000 | -52.4% | 0.6% |
| The Home Loan Expert LLC | $1,470,000 | $9,430,000 | 541.5% | 0.5% |
| Farmers & Merchants Savings Bank | $24,805,000 | $9,420,000 | -62.0% | 0.5% |
| Citizens State Bank | $12,335,000 | $9,240,000 | -25.1% | 0.5% |
| MidWestOne Bank | $8,790,000 | $9,125,000 | 3.8% | 0.5% |
| Fidelity Bank & Trust | $27,455,000 | $8,230,000 | -70.0% | 0.5% |
| FREEDOM MORTGAGE CORPORATION | $30,705,000 | $5,890,000 | -80.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $13,495,000 | $5,390,000 | -60.1% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $16,550,000 | $5,080,000 | -69.3% | 0.3% |
| Servion, Inc. | $13,815,000 | $4,990,000 | -63.9% | 0.3% |
| LOANDEPOT.COM, LLC | $12,565,000 | $4,985,000 | -60.3% | 0.3% |
| Citizens Bank | $23,145,000 | $4,295,000 | -81.4% | 0.2% |
| ALLIANT | $4,995,000 | $4,235,000 | -15.2% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $6,065,000 | $3,760,000 | -38.0% | 0.2% |
| HOMESERVICES LENDING, LLC | $9,620,000 | $3,600,000 | -62.6% | 0.2% |
| COMMUNITY 1ST CREDIT UNION | $2,660,000 | $3,330,000 | 25.2% | 0.2% |
| Carrington Mortgage Services, LLC | $2,615,000 | $3,310,000 | 26.6% | 0.2% |
| JPMorgan Chase Bank | $2,365,000 | $3,160,000 | 33.6% | 0.2% |
| Bank of the West | $11,120,000 | $3,045,000 | -72.6% | 0.2% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $3,635,000 | $3,020,000 | -16.9% | 0.2% |
| Washington State Bank | $190,000 | $2,895,000 | 1,423.7% | 0.2% |
| NEWREZ LLC | $8,925,000 | $2,785,000 | -68.8% | 0.2% |
| GUILD MORTGAGE COMPANY | $11,955,000 | $2,715,000 | -77.3% | 0.2% |
| USAA Federal Savings Bank | $2,465,000 | $2,650,000 | 7.5% | 0.2% |
| HOME POINT FINANCIAL CORPORATION | $14,515,000 | $2,645,000 | -81.8% | 0.2% |
| DuTrac Community Credit Union | $3,110,000 | $2,545,000 | -18.2% | 0.1% |
| Two Rivers Bank & Trust | $185,000 | $2,435,000 | 1,216.2% | 0.1% |
| UNIVERSAL LENDING CORPORATION | $5,750,000 | $2,400,000 | -58.3% | 0.1% |
| Kerndt Brothers Savings Bank | $9,395,000 | $2,375,000 | -74.7% | 0.1% |
| Central State Bank | $2,555,000 | $2,370,000 | -7.2% | 0.1% |
| Flagstar Bank, FSB | $3,135,000 | $2,110,000 | -32.7% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,725,000 | $2,045,000 | 18.6% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $6,260,000 | $2,010,000 | -67.9% | 0.1% |
| Dubuque Bank and Trust Company | $260,000 | $2,000,000 | 669.2% | 0.1% |
| INLANTA MORTGAGE, INC. | $4,490,000 | $1,890,000 | -57.9% | 0.1% |
| RUHL MORTGAGE, LLC | $4,360,000 | $1,820,000 | -58.3% | 0.1% |
| Bank of America | $1,135,000 | $1,815,000 | 59.9% | 0.1% |
| CBI Bank & Trust | $4,760,000 | $1,790,000 | -62.4% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $6,170,000 | $1,615,000 | -73.8% | 0.1% |
| Deere Employees Credit Union | $1,760,000 | $1,580,000 | -10.2% | 0.1% |
| Farm Credit Mid-America, ACA | $4,365,000 | $1,545,000 | -64.6% | 0.1% |
| NEW DAY FINANCIAL, LLC | $2,950,000 | $1,495,000 | -49.3% | 0.1% |
| THOMPSON KANE & COMPANY, LLC | $655,000 | $1,440,000 | 119.8% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $550,000 | $1,430,000 | 160.0% | 0.1% |
| AMCAP MORTGAGE, LTD. | $1,700,000 | $1,360,000 | -20.0% | 0.1% |
| Equity Prime Mortgage LLC | $1,080,000 | $1,330,000 | 23.1% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $795,000 | $1,305,000 | 64.2% | 0.1% |
| Lincoln Savings Bank | $1,475,000 | $1,300,000 | -11.9% | 0.1% |
| GUARANTEED RATE, INC. | $1,700,000 | $1,215,000 | -28.5% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $2,020,000 | $1,160,000 | -42.6% | 0.1% |
| AMERICAN FINANCING CORPORATION | $1,245,000 | $1,145,000 | -8.0% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,695,000 | $1,085,000 | -36.0% | 0.1% |
| Ally Bank | $2,520,000 | $1,040,000 | -58.7% | 0.1% |
| GNB Bank | $1,800,000 | $1,025,000 | -43.1% | 0.1% |
| BMO Harris Bank | $1,000,000 | n/a | 0.1% | |
| Keystone Savings Bank | $9,250,000 | $995,000 | -89.2% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $1,150,000 | $990,000 | -13.9% | 0.1% |
| Arbor Bank | $1,955,000 | $985,000 | -49.6% | 0.1% |
| Luana Savings Bank | $3,530,000 | $975,000 | -72.4% | 0.1% |
| DHI MORTGAGE COMPANY, LTD. | $945,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $13,600,000 | $935,000 | -93.1% | 0.1% |
| TOWNE MORTGAGE COMPANY | $2,260,000 | $935,000 | -58.6% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $2,765,000 | $880,000 | -68.2% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $165,000 | $850,000 | 415.2% | 0.0% |
| Heartland Bank and Trust Company | $830,000 | n/a | 0.0% | |
| Vibrant Credit Union | $2,065,000 | $825,000 | -60.0% | 0.0% |
| CITY-COUNTY CREDIT UNION | $650,000 | $820,000 | 26.2% | 0.0% |
| Regions Bank | $810,000 | $805,000 | -0.6% | 0.0% |
| Morton Community Bank | $800,000 | n/a | 0.0% | |
| Amalgamated Bank | $785,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $775,000 | n/a | 0.0% | |
| Plains Commerce Bank | $135,000 | $745,000 | 451.9% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $665,000 | $690,000 | 3.8% | 0.0% |
| Contract Exchange Corporation | $1,545,000 | $665,000 | -57.0% | 0.0% |
| CMG MORTGAGE, INC. | $255,000 | $660,000 | 158.8% | 0.0% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $1,840,000 | $660,000 | -64.1% | 0.0% |
| Minnwest Bank | $660,000 | n/a | 0.0% | |
| NP, Inc. | $665,000 | $640,000 | -3.8% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,855,000 | $630,000 | -66.0% | 0.0% |
| Fortress Bank | $505,000 | $625,000 | 23.8% | 0.0% |
| AMWEST FUNDING CORP. | $570,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $470,000 | $555,000 | 18.1% | 0.0% |
| Central Bank | $710,000 | $550,000 | -22.5% | 0.0% |
| PNC Bank | $1,315,000 | $540,000 | -58.9% | 0.0% |
| Associated Bank | $3,875,000 | $535,000 | -86.2% | 0.0% |
| First Internet Bank of Indiana | $65,000 | $535,000 | 723.1% | 0.0% |
| Figure Lending LLC | $90,000 | $530,000 | 488.9% | 0.0% |
| Morgan Stanley Private Bank | $515,000 | n/a | 0.0% | |
| PHH Mortgage Corporation | $430,000 | $515,000 | 19.8% | 0.0% |
| The Federal Savings Bank | $2,500,000 | $500,000 | -80.0% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $875,000 | $495,000 | -43.4% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $535,000 | $485,000 | -9.3% | 0.0% |
| Chicago Mortgage Solutions LLC | $395,000 | $480,000 | 21.5% | 0.0% |
| Hometown Equity Mortgage, LLC | $1,360,000 | $470,000 | -65.4% | 0.0% |
| ANGEL OAK HOME LOANS LLC | $465,000 | n/a | 0.0% | |
| City National Bank | $450,000 | n/a | 0.0% | |
| MARINE | $630,000 | $445,000 | -29.4% | 0.0% |
| Northwest Bank | $2,005,000 | $445,000 | -77.8% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,300,000 | $440,000 | -66.2% | 0.0% |
| Chickasaw Community Bank | $525,000 | $430,000 | -18.1% | 0.0% |
| First International Bank & Trust | $165,000 | $420,000 | 154.5% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $420,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $420,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $405,000 | n/a | 0.0% | |
| First Home Bank | $470,000 | $400,000 | -14.9% | 0.0% |
| Northpointe Bank | $1,950,000 | $395,000 | -79.7% | 0.0% |
| Peoples Bank | $670,000 | $385,000 | -42.5% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $265,000 | $385,000 | 45.3% | 0.0% |
| Community Choice Credit Union | $115,000 | $375,000 | 226.1% | 0.0% |
| Bell Bank | $105,000 | $370,000 | 252.4% | 0.0% |
| First Guaranty Mortgage Corporation | $695,000 | $370,000 | -46.8% | 0.0% |
| Baxter Credit Union | $520,000 | $360,000 | -30.8% | 0.0% |
| Midwest Heritage Bank FSB | $905,000 | $350,000 | -61.3% | 0.0% |
| Paramount Bank | $285,000 | $345,000 | 21.1% | 0.0% |
| GSF Mortgage Corporation | $195,000 | $325,000 | 66.7% | 0.0% |
| DAS Acquisition Company, LLC | $2,670,000 | $320,000 | -88.0% | 0.0% |
| First Bank | $245,000 | $310,000 | 26.5% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $305,000 | n/a | 0.0% | |
| Merchants Bank | $185,000 | $305,000 | 64.9% | 0.0% |
| Central Bank Illinois | $290,000 | n/a | 0.0% | |
| CEDAR FALLS COMMUNITY CREDIT UNION | $210,000 | $285,000 | 35.7% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,320,000 | $275,000 | -79.2% | 0.0% |
| Primebank | $265,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $780,000 | $265,000 | -66.0% | 0.0% |
| SIRVA MORTGAGE, INC. | $1,260,000 | $265,000 | -79.0% | 0.0% |
| West Gate Bank | $3,760,000 | $260,000 | -93.1% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $65,000 | $255,000 | 292.3% | 0.0% |
| Stifel Bank and Trust | $255,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $255,000 | n/a | 0.0% | |
| Amerifirst Financial, Inc. | $245,000 | n/a | 0.0% | |
| Bank Midwest | $245,000 | n/a | 0.0% | |
| Magnolia Bank | $245,000 | n/a | 0.0% | |
| NFM, INC. | $245,000 | n/a | 0.0% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $335,000 | $240,000 | -28.4% | 0.0% |
| GENEVA FINANCIAL, LLC | $315,000 | $235,000 | -25.4% | 0.0% |
| 21ST MORTGAGE CORPORATION | $50,000 | $225,000 | 350.0% | 0.0% |
| Hometown Lenders, Inc. | $135,000 | $225,000 | 66.7% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $225,000 | n/a | 0.0% | |
| BANKORION | $215,000 | n/a | 0.0% | |
| FIRST NORTHERN Credit Union | $215,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $290,000 | $215,000 | -25.9% | 0.0% |
| AMERICAN FINANCE HOUSE LARIBA | $185,000 | $205,000 | 10.8% | 0.0% |
| AmeriHome Mortgage Company, LLC | $695,000 | $205,000 | -70.5% | 0.0% |
| CORTRUST MORTGAGE, INC. | $205,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $205,000 | n/a | 0.0% | |
| Blue Grass Savings Bank | $195,000 | n/a | 0.0% | |
| Low VA Rates, LLC | $1,465,000 | $195,000 | -86.7% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $220,000 | $195,000 | -11.4% | 0.0% |
| First Central State Bank | $495,000 | $190,000 | -61.6% | 0.0% |
| FirstBank | $235,000 | $185,000 | -21.3% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $1,155,000 | $185,000 | -84.0% | 0.0% |
| Premier Credit Union | $185,000 | n/a | 0.0% | |
| UNITED MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $175,000 | n/a | 0.0% | |
| Great Western Bank | $3,130,000 | $175,000 | -94.4% | 0.0% |
| KELLER MORTGAGE, LLC | $830,000 | $175,000 | -78.9% | 0.0% |
| BETTER MORTGAGE CORPORATION | $4,015,000 | $165,000 | -95.9% | 0.0% |
| FIRST COMMUNITY MORTGAGE, INC. | $795,000 | $165,000 | -79.2% | 0.0% |
| First National Bank of Omaha | $645,000 | $165,000 | -74.4% | 0.0% |
| Great Southern Bank | $305,000 | $165,000 | -45.9% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $320,000 | $165,000 | -48.4% | 0.0% |
| S1L, Inc. | $75,000 | $165,000 | 120.0% | 0.0% |
| ASHLAND Credit Union | $155,000 | n/a | 0.0% | |
| BOKF | $125,000 | $155,000 | 24.0% | 0.0% |
| MORTGAGE ACCESS CORP. | $155,000 | n/a | 0.0% | |
| CROSSCOUNTRY MORTGAGE, LLC | $655,000 | $145,000 | -77.9% | 0.0% |
| Fidelity Bank | $245,000 | $145,000 | -40.8% | 0.0% |
| GREATER IOWA CREDIT UNION | $145,000 | n/a | 0.0% | |
| INLAND BANK & TRUST | $145,000 | n/a | 0.0% | |
| Austin Capital Bank SSB | $135,000 | n/a | 0.0% | |
| M&T Bank | $375,000 | $135,000 | -64.0% | 0.0% |
| MEMBERS1st Community Credit Union | $305,000 | $130,000 | -57.4% | 0.0% |
| SPRING EQ, LLC | $45,000 | $130,000 | 188.9% | 0.0% |
| EMBRACE HOME LOANS, INC. | $535,000 | $125,000 | -76.6% | 0.0% |
| Fidelity Bank | $245,000 | $125,000 | -49.0% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $1,115,000 | $125,000 | -88.8% | 0.0% |
| ATHAS CAPITAL GROUP, INC. | $135,000 | $115,000 | -14.8% | 0.0% |
| COMPASS MORTGAGE, INC. | $970,000 | $115,000 | -88.1% | 0.0% |
| First Western Federal Savings Bank | $115,000 | n/a | 0.0% | |
| Nations Lending Corporation | $115,000 | n/a | 0.0% | |
| The First National Bank of Ottawa | $115,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $315,000 | $105,000 | -66.7% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $105,000 | n/a | 0.0% | |
| SOFI LENDING CORP. | $1,190,000 | $105,000 | -91.2% | 0.0% |
| AMERICAN ADVISORS GROUP | $215,000 | $100,000 | -53.5% | 0.0% |
| Bank Iowa | $1,205,000 | $75,000 | -93.8% | 0.0% |
| STEARNS LENDING, LLC | $75,000 | n/a | 0.0% | |
| TOGETHER CREDIT UNION | $75,000 | n/a | 0.0% | |
| Willamette Valley Bank | $95,000 | $75,000 | -21.1% | 0.0% |
| First Interstate Bank | $55,000 | n/a | 0.0% | |
| Midwest Bank | $55,000 | n/a | 0.0% | |
| NUMARK CREDIT UNION | $35,000 | $55,000 | 57.1% | 0.0% |
| Centier Bank | $35,000 | $50,000 | 42.9% | 0.0% |
| Truist | $475,000 | $35,000 | -92.6% | 0.0% |
CEDAR RAPIDS's top lender by overall market share is GREENSTATE CREDIT UNION, with 21.6% market share. In second place, with 13.5%, is Hills Bank and Trust Company, having originated $232,050,000 in loans. In third place, with 8.9%, is Collins Community Credit Union, having originated $154,140,000 in loans. In fourth place, with 4.3%, is VERIDIAN CREDIT UNION, having originated $73,350,000 in loans. In fifth place, with 3.8%, is Cedar Rapids Bank and Trust Company, having originated $65,745,000 in loans.
CEDAR RAPIDS Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - CEDAR RAPIDS (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 | $189,913 (7.6%) | $277,174 (11.1%) | 0.70 | 838 |
| 2018-02-01 | $192,450 (7.5%) | $236,952 (-6.0%) | 0.70 | 730 |
| 2018-03-01 | $199,525 (9.8%) | $243,423 (-8.3%) | 0.70 | 664 |
| 2018-04-01 | $204,400 (12.0%) | $244,657 (-8.6%) | 0.69 | 697 |
| 2018-05-01 | $213,900 (15.8%) | $255,685 (-5.4%) | 0.71 | 700 |
| 2018-06-01 | $205,000 (9.0%) | $252,089 (-7.6%) | 0.68 | 777 |
| 2018-07-01 | $196,450 (7.4%) | $243,964 (-9.2%) | 0.66 | 859 |
| 2018-08-01 | $193,150 (4.5%) | $242,007 (-9.7%) | 0.65 | 937 |
| 2018-09-01 | $190,000 (4.4%) | $238,235 (-9.7%) | 0.64 | 977 |
| 2018-10-01 | $190,000 (5.7%) | $234,949 (-10.5%) | 0.64 | 1,015 |
| 2018-11-01 | $196,213 (6.6%) | $237,206 (-10.5%) | 0.67 | 1,009 |
| 2018-12-01 | $200,000 (5.9%) | $237,575 (-12.0%) | 0.69 | 896 |
| 2019-01-01 | $204,625 (7.8%) | $240,067 (-13.4%) | 0.71 | 800 |
| 2019-02-01 | $215,000 (11.7%) | $243,490 (2.8%) | 0.73 | 756 |
| 2019-03-01 | $220,000 (10.3%) | $248,463 (2.1%) | 0.73 | 730 |
| 2019-04-01 | $225,950 (10.6%) | $256,688 (4.9%) | 0.72 | 775 |
| 2019-05-01 | $224,900 (5.1%) | $264,601 (3.5%) | 0.70 | 843 |
| 2019-06-01 | $229,950 (12.2%) | $268,265 (6.4%) | 0.72 | 883 |
| 2019-07-01 | $229,725 (16.9%) | $265,766 (8.9%) | 0.72 | 921 |
| 2019-08-01 | $239,900 (16.5%) | $263,203 (8.8%) | 0.75 | 952 |
| 2019-09-01 | $232,575 (14.6%) | $259,926 (9.1%) | 0.73 | 979 |
| 2019-10-01 | $212,463 (11.8%) | $245,332 (4.4%) | 0.69 | 1,022 |
| 2019-11-01 | $209,925 (7.0%) | $241,634 (1.9%) | 0.69 | 978 |
| 2019-12-01 | $207,000 (3.5%) | $234,010 (-1.5%) | 0.69 | 883 |
| 2020-01-01 | $205,000 (0.2%) | $231,350 (-3.6%) | 0.69 | 831 |
| 2020-02-01 | $214,950 (0.0%) | $234,554 (-3.7%) | 0.70 | 784 |
| 2020-03-01 | $218,550 (-0.7%) | $239,401 (-3.7%) | 0.69 | 753 |
| 2020-04-01 | $222,450 (-1.6%) | $241,571 (-5.9%) | 0.70 | 782 |
| 2020-05-01 | $234,900 (4.5%) | $255,589 (-3.4%) | 0.71 | 733 |
| 2020-06-01 | $234,900 (2.2%) | $259,085 (-3.4%) | 0.69 | 690 |
| 2020-07-01 | $234,900 (2.3%) | $258,253 (-2.8%) | 0.68 | 655 |
| 2020-08-01 | $225,000 (0.0%) | $250,395 (-4.9%) | 0.64 | 612 |
| 2020-09-01 | $223,725 (2.8%) | $244,849 (-5.8%) | 0.64 | 561 |
| 2020-10-01 | $219,900 (3.5%) | $255,093 (4.0%) | 0.63 | 546 |
| 2020-11-01 | $213,750 (1.8%) | $254,043 (5.1%) | 0.63 | 500 |
| 2020-12-01 | $210,000 (1.5%) | $247,311 (5.7%) | 0.62 | 429 |
| 2021-01-01 | $210,000 (2.4%) | $251,430 (8.7%) | 0.63 | 360 |
| 2021-02-01 | $232,925 (8.4%) | $264,789 (12.9%) | 0.68 | 314 |
| 2021-03-01 | $234,900 (7.5%) | $267,313 (11.7%) | 0.67 | 308 |
| 2021-04-01 | $227,000 (2.1%) | $263,901 (9.2%) | 0.61 | 314 |
| 2021-05-01 | $239,900 (2.1%) | $277,518 (8.6%) | 0.64 | 340 |
| 2021-06-01 | $219,975 (-6.4%) | $269,512 (4.0%) | 0.58 | 364 |
| 2021-07-01 | $215,000 (-8.5%) | $264,455 (2.4%) | 0.57 | 401 |
| 2021-08-01 | $211,250 (-6.1%) | $257,407 (2.8%) | 0.56 | 468 |
| 2021-09-01 | $217,450 (-2.8%) | $257,807 (5.3%) | 0.58 | 490 |
| 2021-10-01 | $219,900 (0.0%) | $266,713 (4.6%) | 0.59 | 525 |
| 2021-11-01 | $232,475 (8.8%) | $274,597 (8.1%) | 0.62 | 487 |
| 2021-12-01 | $236,500 (12.6%) | $281,752 (13.9%) | 0.64 | 434 |
| 2022-01-01 | $249,725 (18.9%) | $285,580 (13.6%) | 0.68 | 375 |
| 2022-02-01 | $259,675 (11.5%) | $296,854 (12.1%) | 0.68 | 300 |
| 2022-03-01 | $290,575 (23.7%) | $318,243 (19.1%) | 0.73 | 278 |
| 2022-04-01 | $299,000 (31.7%) | $338,957 (28.4%) | 0.71 | 301 |
| 2022-05-01 | $312,225 (30.2%) | $339,297 (22.3%) | 0.71 | 398 |
| 2022-06-01 | $299,925 (36.4%) | $321,209 (19.2%) | 0.67 | 458 |
| 2022-07-01 | $277,000 (28.8%) | $312,609 (18.2%) | 0.63 | 553 |
| 2022-08-01 | $271,876 (28.7%) | $306,528 (19.1%) | 0.63 | 582 |
| 2022-09-01 | $292,813 (34.7%) | $313,671 (21.7%) | 0.68 | 596 |
| 2022-10-01 | $289,925 (31.8%) | $317,421 (19.0%) | 0.68 | 625 |
| 2022-11-01 | $270,471 (16.3%) | $301,029 (9.6%) | 0.65 | 666 |
| 2022-12-01 | $279,000 (18.0%) | $309,703 (9.9%) | 0.69 | 617 |
| 2023-01-01 | $299,900 (20.1%) | $321,047 (12.4%) | 0.74 | 538 |
| 2023-02-01 | $317,245 (22.2%) | $329,776 (11.1%) | 0.77 | 496 |
| 2023-03-01 | $334,473 (15.1%) | $340,026 (6.8%) | 0.79 | 484 |
| 2023-04-01 | $335,000 (0.0%) | $346,898 (2.3%) | 0.78 | 482 |
CEDAR RAPIDS's median listing price for 2023-04-01 was $335,000, a difference of
$36,000
(0.0%) versus the prior year and
$527 versus the prior month.
CEDAR RAPIDS's median listing price comes in at 78% of the national average.
CEDAR RAPIDS's average listing price for 2023-04-01 was $346,898, a difference of $7,941 (2.3%) versus the prior year and $6,872 versus the prior month.
For the 2023-04-01 period, CEDAR RAPIDS had 482 MLS listings, a difference of -2 listings (0%) versus the prior month and 181 listings (60%) versus the prior year.
CEDAR RAPIDS's median listing price comes in at 78% of the national average.
CEDAR RAPIDS's average listing price for 2023-04-01 was $346,898, a difference of $7,941 (2.3%) versus the prior year and $6,872 versus the prior month.
For the 2023-04-01 period, CEDAR RAPIDS had 482 MLS listings, a difference of -2 listings (0%) versus the prior month and 181 listings (60%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - CEDAR RAPIDS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 82 days | 1,822 sqft |
| 2018-02-01 | 78 days | 1,842 sqft |
| 2018-03-01 | 54 days | 1,834 sqft |
| 2018-04-01 | 37 days | 1,796 sqft |
| 2018-05-01 | 39 days | 1,825 sqft |
| 2018-06-01 | 39 days | 1,786 sqft |
| 2018-07-01 | 44 days | 1,778 sqft |
| 2018-08-01 | 45 days | 1,789 sqft |
| 2018-09-01 | 51 days | 1,798 sqft |
| 2018-10-01 | 57 days | 1,805 sqft |
| 2018-11-01 | 62 days | 1,817 sqft |
| 2018-12-01 | 72 days | 1,813 sqft |
| 2019-01-01 | 78 days | 1,808 sqft |
| 2019-02-01 | 78 days | 1,779 sqft |
| 2019-03-01 | 66 days | 1,811 sqft |
| 2019-04-01 | 40 days | 1,885 sqft |
| 2019-05-01 | 39 days | 1,908 sqft |
| 2019-06-01 | 45 days | 1,948 sqft |
| 2019-07-01 | 47 days | 1,892 sqft |
| 2019-08-01 | 57 days | 1,840 sqft |
| 2019-09-01 | 60 days | 1,801 sqft |
| 2019-10-01 | 61 days | 1,757 sqft |
| 2019-11-01 | 70 days | 1,707 sqft |
| 2019-12-01 | 78 days | 1,687 sqft |
| 2020-01-01 | 77 days | 1,687 sqft |
| 2020-02-01 | 66 days | 1,687 sqft |
| 2020-03-01 | 54 days | 1,687 sqft |
| 2020-04-01 | 47 days | 1,722 sqft |
| 2020-05-01 | 58 days | 1,712 sqft |
| 2020-06-01 | 59 days | 1,728 sqft |
| 2020-07-01 | 54 days | 1,703 sqft |
| 2020-08-01 | 57 days | 1,706 sqft |
| 2020-09-01 | 66 days | 1,687 sqft |
| 2020-10-01 | 57 days | 1,646 sqft |
| 2020-11-01 | 64 days | 1,623 sqft |
| 2020-12-01 | 76 days | 1,600 sqft |
| 2021-01-01 | 89 days | 1,581 sqft |
| 2021-02-01 | 69 days | 1,585 sqft |
| 2021-03-01 | 52 days | 1,604 sqft |
| 2021-04-01 | 32 days | 1,631 sqft |
| 2021-05-01 | 26 days | 1,660 sqft |
| 2021-06-01 | 25 days | 1,627 sqft |
| 2021-07-01 | 30 days | 1,652 sqft |
| 2021-08-01 | 28 days | 1,613 sqft |
| 2021-09-01 | 33 days | 1,608 sqft |
| 2021-10-01 | 33 days | 1,616 sqft |
| 2021-11-01 | 40 days | 1,609 sqft |
| 2021-12-01 | 53 days | 1,587 sqft |
| 2022-01-01 | 66 days | 1,571 sqft |
| 2022-02-01 | 70 days | 1,553 sqft |
| 2022-03-01 | 50 days | 1,570 sqft |
| 2022-04-01 | 23 days | 1,720 sqft |
| 2022-05-01 | 19 days | 1,686 sqft |
| 2022-06-01 | 27 days | 1,699 sqft |
| 2022-07-01 | 25 days | 1,660 sqft |
| 2022-08-01 | 42 days | 1,645 sqft |
| 2022-09-01 | 47 days | 1,652 sqft |
| 2022-10-01 | 44 days | 1,705 sqft |
| 2022-11-01 | 48 days | 1,678 sqft |
| 2022-12-01 | 68 days | 1,660 sqft |
| 2023-01-01 | 81 days | 1,667 sqft |
| 2023-02-01 | 72 days | 1,663 sqft |
| 2023-03-01 | 59 days | 1,640 sqft |
| 2023-04-01 | 47 days | 1,682 sqft |
CEDAR RAPIDS's median listing age (time on market) for 2023-04-01 was 47 days.
This
is 102%
longer
than the same period one year ago.
CEDAR RAPIDS's median square footage for active listings during the 2023-04-01 period was 1,682 sqft. One year prior, the average listing was 1,720 sqft.
CEDAR RAPIDS's median square footage for active listings during the 2023-04-01 period was 1,682 sqft. One year prior, the average listing was 1,720 sqft.
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 | $490 | $560 | $740 | $1,050 | $1,230 |
| 52205 | Cedar Rapids, IA | $520 | $590 | $780 | $1,050 | $1,150 |
| 52213 | Cedar Rapids, IA | $600 | $680 | $900 | $1,270 | $1,480 |
| 52214 | Cedar Rapids, IA | $490 | $560 | $740 | $1,050 | $1,230 |
| 52218 | Cedar Rapids, IA | $490 | $560 | $740 | $1,050 | $1,230 |
| 52219 | Cedar Rapids, IA | $490 | $560 | $740 | $1,050 | $1,230 |
| 52227 | Cedar Rapids, IA | $670 | $730 | $940 | $1,340 | $1,620 |
| 52228 | Cedar Rapids, IA | $670 | $730 | $940 | $1,340 | $1,620 |
| 52233 | Cedar Rapids, IA | $560 | $650 | $850 | $1,210 | $1,420 |
| 52253 | Cedar Rapids, IA | $670 | $730 | $940 | $1,340 | $1,620 |
| 52302 | Cedar Rapids, IA | $500 | $570 | $750 | $1,070 | $1,250 |
| 52305 | Cedar Rapids, IA | $490 | $560 | $740 | $1,030 | $1,150 |
| 52310 | Cedar Rapids, IA | $490 | $560 | $740 | $1,030 | $1,150 |
| 52314 | Cedar Rapids, IA | $670 | $730 | $940 | $1,340 | $1,620 |
| 52324 | Cedar Rapids, IA | $730 | $820 | $1,080 | $1,530 | $1,790 |
| 52328 | Cedar Rapids, IA | $810 | $930 | $1,220 | $1,730 | $2,040 |
| 52332 | Cedar Rapids, IA | $620 | $620 | $820 | $1,110 | $1,220 |
| 52333 | Cedar Rapids, IA | $670 | $730 | $940 | $1,340 | $1,620 |
| 52336 | Cedar Rapids, IA | $550 | $630 | $830 | $1,180 | $1,390 |
| 52338 | Cedar Rapids, IA | $670 | $730 | $940 | $1,340 | $1,620 |
| 52341 | Cedar Rapids, IA | $530 | $610 | $800 | $1,140 | $1,340 |
| 52344 | Cedar Rapids, IA | $540 | $620 | $810 | $1,150 | $1,350 |
| 52351 | Cedar Rapids, IA | $540 | $560 | $740 | $1,030 | $1,150 |
| 52352 | Cedar Rapids, IA | $500 | $560 | $740 | $1,050 | $1,220 |
| 52401 | Cedar Rapids, IA | $490 | $560 | $740 | $1,050 | $1,230 |
| 52402 | Cedar Rapids, IA | $580 | $670 | $880 | $1,250 | $1,470 |
| 52403 | Cedar Rapids, IA | $520 | $600 | $790 | $1,120 | $1,320 |
| 52404 | Cedar Rapids, IA | $670 | $730 | $940 | $1,340 | $1,620 |
| 52405 | Cedar Rapids, IA | $590 | $680 | $890 | $1,260 | $1,490 |
| 52406 | Cedar Rapids, IA | $540 | $620 | $810 | $1,150 | $1,350 |
| 52408 | Cedar Rapids, IA | $540 | $620 | $810 | $1,150 | $1,350 |
| 52409 | Cedar Rapids, IA | $540 | $620 | $810 | $1,150 | $1,350 |
| 52410 | Cedar Rapids, IA | $540 | $620 | $810 | $1,150 | $1,350 |
| 52411 | Cedar Rapids, IA | $630 | $720 | $950 | $1,350 | $1,580 |
| 52498 | Cedar Rapids, IA | $540 | $620 | $810 | $1,150 | $1,350 |
2022 Average & Median Rent Data Statistics
CEDAR RAPIDS, IA average 1BR rent: $647, median: $620
CEDAR RAPIDS, IA average 2BR rent: $847, median: $810
CEDAR RAPIDS, IA average 3BR rent: $1,198, median: $1,150
CEDAR RAPIDS, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 5,960 | $1,123,830,000 | $188,562 |
| Refi | 1,636 | $301,980,000 | $184,584 |
| Cash Out Refi | 1,153 | $174,195,000 | $151,080 |
| Home Improvement | 981 | $58,145,000 | $59,271 |
| Other | 898 | $66,300,000 | $73,831 |
Cedar Rapids's most frequently cited loan purpose was Home Purchase, with 5,960 originations. The 2nd most popular reason was Refi, with 1,636 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 3,052 | $517,140,000 | $169,443 |
| 4-5% | 2,554 | $386,160,000 | $151,198 |
| 5-6% | 2,146 | $291,370,000 | $135,774 |
| 6-7% | 926 | $121,840,000 | $131,577 |
| 2.5-3% | 687 | $132,585,000 | $192,991 |
| 7-8% | 307 | $23,625,000 | $76,954 |
| <2.5% | 216 | $41,370,000 | $191,528 |
| Over 8% | 135 | $6,435,000 | $47,667 |
During 2022, Cedar Rapids's most frequently originated rate bucket was 3-4%, with 3,052 originations.
Loan Sizing (CEDAR RAPIDS, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 4,308 | $202,450,000 | $46,994 |
| $100k-200k | 3,796 | $548,170,000 | $144,407 |
| $200k-400k | 2,116 | $571,790,000 | $270,222 |
| $400k-600k | 289 | $136,785,000 | $473,304 |
| $600k-1000k | 82 | $56,330,000 | $686,951 |
| $Over $1MM | 37 | $208,925,000 | $5,646,622 |
CEDAR RAPIDS's loan sizing saw the bucket of loans from $100,000 or less with 4,308 originations, totaling $202,450,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 3,432 | $715,960,000 | $208,613 |
| 60-80% | 2,375 | $498,005,000 | $209,686 |
| Under 20% | 2,133 | $81,235,000 | $38,085 |
| 20-40% | 1,191 | $87,825,000 | $73,741 |
| 40-60% | 791 | $114,555,000 | $144,823 |
| Over 100% | 75 | $19,385,000 | $258,467 |
CEDAR RAPIDS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 3,432 originations, totaling $715,960,000 in origination value.