CEDAR RAPIDS Mortgage Rates

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

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%
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 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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
GREENSTATE CREDIT UNION 1,783 2.98% $1,849
Collins Community Credit Union 850 2.96% $1,662
Hills Bank and Trust Company 652 2.84% $1,700
LINN AREA 371 3.16% $1,837
VERIDIAN CREDIT UNION 348 3.01% $1,699
Ohnward Bank & Trust 212 2.89% $1,866
DUPACO COMMUNITY 181 2.86% $2,580
QUICKEN LOANS, LLC 180 3.13% $4,812
FIRST 157 2.85% $2,187
IOWA BANKERS MORTGAGE CORPORATION 147 2.94% $2,383
U.S. Bank 135 3.13% $2,439
Wells Fargo Bank 133 3.22% $2,152
BankIowa of Cedar Rapids 118 2.73% $1,391
UNITED WHOLESALE MORTGAGE, LLC 116 3.13% $3,445
Waterstone Mortgage Corporation 82 3.22% $4,081
Citizens Bank 54 2.73% $1,990
Farmers & Merchants Savings Bank 41 2.83% $1,300
RESIDENTIAL MORTGAGE NETWORK, INC. 40 2.97% $1,988
Community Savings Bank 39 2.72% $2,270
BROKER SOLUTIONS, INC. 34 3.30% $3,451
CALIBER HOME LOANS, INC. 32 2.91% $2,568
HOMESERVICES LENDING, LLC 26 3.19% $2,722
GUILD MORTGAGE COMPANY 26 2.97% $2,283
MidWestOne Bank 25 3.11% $1,884
Bankers Trust Company 24 2.76% $1,943
LOANDEPOT.COM, LLC 24 3.34% $4,207
PENNYMAC LOAN SERVICES, LLC 22 3.27% $5,532
Mr. Cooper ( Nationstar Mortgage ) 20 3.38% $4,052
Fidelity Bank & Trust 19 3.10% $1,724
HOME POINT FINANCIAL CORPORATION 18 3.01% $2,756
Bank of the West 17 3.34% $3,525
RUHL MORTGAGE, LLC 15 2.75% $2,018
NEWREZ LLC 14 3.11% $3,113
FREEDOM MORTGAGE CORPORATION 13 3.09% $1,833
AMERISAVE MORTGAGE CORPORATION 13 3.07% $4,755
DuTrac Community Credit Union 13 3.15% $2,170
Associated Bank 13 2.83% $1,432
OPEN MORTGAGE, LLC 12 3.19% $2,859
West Gate Bank 11 2.92% $1,884
BETTER MORTGAGE CORPORATION 10 2.86% $2,513
COMMUNITY 1ST CREDIT UNION 10 3.28% $1,844
UNIVERSAL LENDING CORPORATION 10 3.38% $2,237
Servion, Inc. 9 3.11% $2,454
LAKEVIEW LOAN SERVICING, LLC 9 3.28% $2,432
I. H. MISSISSIPPI VALLEY CREDIT UNION 7 2.96% $1,828
The Home Loan Expert LLC 7 3.28% $2,034
CBI Bank & Trust 7 3.05% $2,878
Flagstar Bank, FSB 7 3.70% $4,072
Northwest Bank 6 2.81% $2,409
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 2.81% $4,665
Deere Employees Credit Union 6 2.56% $2,418
JPMorgan Chase Bank 6 3.31% $2,703
Vibrant Credit Union 6 2.83% $2,235
Ally Bank 5 2.72% $8,277
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 2.97% $3,259
Luana Savings Bank 5 3.05% $1,045
MUTUAL OF OMAHA MORTGAGE, INC. 5 3.18% $5,785
RESIDENTIAL BANCORP. 5 2.97% $3,167
DAS Acquisition Company, LLC 5 3.40% $3,317
NAVY FEDERAL CREDIT UNION 5 3.15% $2,734
GUARANTEED RATE, INC. 5 3.12% $2,486
Northpointe Bank 4 3.18% $3,969
Farm Credit Mid-America, ACA 4 3.61% $5,878
Farmers State Bank 4 3.72% $1,620
AMCAP MORTGAGE, LTD. 4 3.34% $3,725
CHURCHILL MORTGAGE CORPORATION 4 3.28% $2,699
Midwest Heritage Bank FSB 4 3.13% $2,468
SIRVA MORTGAGE, INC. 4 3.09% $282
Lincoln Savings Bank 4 3.28% $2,562
SOFI LENDING CORP. 4 3.00% $3,477
AMERICAN PACIFIC MORTGAGE CORPORATION 4 3.12% $3,877
INLANTA MORTGAGE, INC. 4 3.19% $2,945
AMERICAN FINANCING CORPORATION 4 3.13% $3,422
Barrington Bank & Trust Company, N.A. 3 2.96% $2,865
Arbor Bank 3 2.74% $2,165
Carrington Mortgage Services, LLC 3 3.46% $3,505
COMPASS MORTGAGE, INC. 3 2.92% $3,935
Fifth Third Bank 3 3.21% $4,004
HOMESIDE FINANCIAL, LLC 3 3.21% $2,559
LAND HOME FINANCIAL SERVICES, INC. 3 3.29% $5,095
MID AMERICA MORTGAGE, INC. 3 3.46% $1,513
Mortgage Research Center, LLC 3 2.75% $2,232
Paramount Residential Mortgage Group, Inc. 3 3.33% $3,878
ROYAL UNITED MORTGAGE LLC 3 3.54% $5,878
Wyndham Capital Mortgage, Inc. 3 2.88% $1,786
ZILLOW HOME LOANS, LLC 3 3.00% $3,277
First Home Bank 2 3.25% $5,383
MICHIGAN MUTUAL, INC. 2 2.88% $4,288
Chickasaw Community Bank 2 2.88% $2,817
FIRST COMMUNITY MORTGAGE, INC. 2 3.50% $2,763
Baxter Credit Union 2 2.63% $2,128
EMBRACE HOME LOANS, INC. 2 3.18% $2,970
The Federal Savings Bank 2 3.31% $6,817
Great Western Bank 2 3.00% $3,322
ACADEMY MORTGAGE CORPORATION 2 3.31% $2,373
LEADERONE FINANCIAL CORPORATION 2 3.19% $1,372
Goldwater Bank, N.A. 2 3.19% $5,887
Fortress Bank 2 3.06% $2,228
KELLER MORTGAGE, LLC 2 3.06% $2,685
Midland States Bank 1 3.00% $2,453
First Guaranty Mortgage Corporation 1 2.88% $4,941
First Federal Bank 1 2.88% $4,584
MORIA DEVELOPMENT, INC. 1 3.25% $2,603
ALLIANT CREDIT UNION 1 3.00% $3,970
Mound City Bank 1 2.75% $1,506
MOVEMENT MORTGAGE, LLC 1 2.75% $0
FirstBank 1 3.00% $3,122
FINANCE OF AMERICA MORTGAGE LLC 1 3.25% $2,956
NBKC BANK 1 2.88% $2,127
Fidelity Bank 1 3.00% $2,703
CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $2,755
Community First National Bank 1 2.88% $3,271
Columbia State Bank 1 3.25% $3,214
A&D Mortgage LLC 1 4.49% $6,527
CNB Bank And Trust, N.A. 1 2.88% $2,362
PENTAGON FEDERAL CREDIT UNION 1 3.25% $1,945
PHH Mortgage Corporation 1 3.63% $4,283
PLAZA HOME MORTGAGE, INC. 1 2.99% $5,307
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $2,578
PROPER RATE, LLC 1 2.88% $3,264
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 3.25% $6,390
Regions Bank 1 3.75% $1,810
Citibank 1 3.13% $3,245
R.I.A. Federal Credit Union 1 3.00% $2,341
Willamette Valley Bank 1 4.38% $3,567
Chicago Mortgage Solutions LLC 1 2.62% $1,185
RUOFF MORTGAGE COMPANY, INC. 1 3.25% $2,794
SENB Bank 1 3.13% $1,846
Central Bank 1 3.13% $3,016
CANOPY MORTGAGE, LLC 1 2.50% $3,842
SWBC MORTGAGE CORPORATION 1 3.50% $3,804
Think Mutual Bank 1 3.00% $4,462
TIAA, FSB 1 2.63% $410
Truist Bank 1 2.75% $2,613
Bank of America 1 3.00% $2,681
Auto Club Trust, FSB 1 3.00% $3,802
FLAT BRANCH MORTGAGE, INC. 1 2.75% $1,685
ASCENTRA 1 2.88% $2,109
GSF Mortgage Corporation 1 2.88% $2,631
INSPIRE HOME LOANS INC. 1 3.25% $3,024
InterContinental Capital Group, Inc 1 3.00% $2,766
ATHAS CAPITAL GROUP, INC. 1 7.00% $6,108
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.37% $3,092
LENDERFI, INC. 1 2.63% $2,610
First National Bank of Omaha 1 3.13% $2,357
First Internet Bank of Indiana 1 3.25% $2,715
First Horizon Bank 1 2.88% $2,679
LOANSNAP, INC. 1 2.75% $547
Manufacturers and Traders Trust Company 1 3.00% $4,090
MARINE 1 8.73% $4,890
Marine Bank 1 2.63% $2,325
Merchants Bank 1 3.53% $3,246
AmeriHome Mortgage Company, LLC 1 3.50% $3,517
MIDFLORIDA 1 3.38% $2,998

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.