DES MOINES - WEST DES MOINES Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Des Moines - West Des Moines averaged
6.69%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
6.49% and
one month ago for the week of 2025-05-29, the
average rate was 6.81%.
Des Moines - West Des Moines's average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.54%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Des Moines - West Des Moines 30 Year Fixed Rate | 2025-07-03 | 6.69% |
| Des Moines - West Des Moines 30 Year Fixed Rate Refi | 2025-07-03 | 6.54% |
| Des Moines - West Des Moines 15 Year Fixed Rate | 2025-07-03 | 5.8% |
| Des Moines - West Des Moines 15 Year Fixed Rate Refi | 2025-07-03 | 5.9% |
| Des Moines - West Des Moines 30 Year FHA | 2025-07-03 | 0.01% |
| Des Moines - West Des Moines 30 Year FHA Refi | 2025-07-03 | -0.38% |
| Des Moines - West Des Moines 30 Year USDA | 2025-07-03 | -0.16% |
| Des Moines - West Des Moines 30 Year USDA Refi | 2025-07-03 | -0.1% |
| Des Moines - West Des Moines 30 Year VA | 2025-07-03 | -0.26% |
| Des Moines - West Des Moines 30 Year VA Refi | 2025-07-03 | -0.53% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within DES MOINES-WEST DES MOINES, IA.
DES MOINES - WEST DES MOINES 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 DES MOINES-WEST DES MOINES, 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.).
DES MOINES - WEST DES MOINES Average Closing Costs & Other Stats
DES MOINES-WEST DES MOINES, IA's 207 lenders originated 19,294
loans during 2024. The total origination value was $4,347,880,000, with an average loan value of
$225,349.
DES MOINES - WEST DES MOINES's average closing costs are $3,425.
The top DES MOINES - WEST DES MOINES lender as defined by loan originations is GREENSTATE CREDIT UNION, with
1,084 loans originated. Their average total fees are
$1,946, which is $33
lower than the next largest lender,
VERIDIAN CREDIT UNION.
The lowest fee DES MOINES - WEST DES MOINES lenders (with over 10 loans originated) are
Luana Savings Bank ($1,398), Bank of America ($1,853), GREENSTATE CREDIT UNION ($1,946), VERIDIAN CREDIT UNION ($1,979) and GREATER IOWA CREDIT UNION ($2,049).
The lowest rate DES MOINES - WEST DES MOINES lenders (with over 10 loans originated) are
Bank (5.46%), DHI MORTGAGE COMPANY, LTD. (5.80%), Bankers Trust Company (5.93%), FINANCIAL PLUS Credit Union (5.97%) and NAVY FEDERAL CREDIT UNION (5.98%).
DES MOINES-WEST DES MOINES, IA Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| GREENSTATE CREDIT UNION | $415,855,000 | $471,020,000 | 13.3% | 10.8% |
| VERIDIAN CREDIT UNION | $191,995,000 | $296,030,000 | 54.2% | 6.8% |
| Community Choice Credit Union | $103,825,000 | $165,995,000 | 59.9% | 3.8% |
| DHI MORTGAGE COMPANY, LTD. | $119,585,000 | $145,210,000 | 21.4% | 3.3% |
| Luana Savings Bank | $74,605,000 | $142,235,000 | 90.7% | 3.3% |
| IOWA BANKERS MORTGAGE CORPORATION | $127,305,000 | $141,955,000 | 11.5% | 3.3% |
| BROKER SOLUTIONS, INC. | $44,390,000 | $134,160,000 | 202.2% | 3.1% |
| Northwest Bank | $131,115,000 | $126,545,000 | -3.5% | 2.9% |
| GERSHMAN INVESTMENT CORP. | $49,785,000 | $120,665,000 | 142.4% | 2.8% |
| HOMESERVICES LENDING, LLC | $117,760,000 | $114,730,000 | -2.6% | 2.6% |
| QUICKEN LOANS, LLC | $74,280,000 | $97,840,000 | 31.7% | 2.3% |
| Fortress Bank | $67,120,000 | $92,720,000 | 38.1% | 2.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $73,075,000 | $90,735,000 | 24.2% | 2.1% |
| U.S. Bank | $84,490,000 | $79,875,000 | -5.5% | 1.8% |
| Bankers Trust Company | $139,225,000 | $69,885,000 | -49.8% | 1.6% |
| Lincoln Savings Bank | $116,580,000 | $63,270,000 | -45.7% | 1.5% |
| Bank Iowa | $44,180,000 | $60,990,000 | 38.0% | 1.4% |
| Barrington Bank & Trust Company, N.A. | $41,195,000 | $59,150,000 | 43.6% | 1.4% |
| Central Bank | $57,270,000 | $58,465,000 | 2.1% | 1.3% |
| Premier Credit Union | $56,450,000 | $55,155,000 | -2.3% | 1.3% |
| Community State Bank | $55,320,000 | $52,765,000 | -4.6% | 1.2% |
| Mortgage Research Center, LLC | $40,285,000 | $49,140,000 | 22.0% | 1.1% |
| Wells Fargo Bank | $54,930,000 | $46,830,000 | -14.7% | 1.1% |
| Merchants Bank of Indiana | $24,090,000 | $45,360,000 | 88.3% | 1.0% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $44,420,000 | n/a | 1.0% | |
| GUILD MORTGAGE COMPANY | $48,220,000 | $39,870,000 | -17.3% | 0.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $43,310,000 | $39,730,000 | -8.3% | 0.9% |
| HOMESIDE FINANCIAL, LLC | $37,000,000 | $38,855,000 | 5.0% | 0.9% |
| GUARANTEED RATE, INC. | $31,560,000 | $38,055,000 | 20.6% | 0.9% |
| Deere Employees Credit Union | $32,665,000 | $37,260,000 | 14.1% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $51,340,000 | $36,945,000 | -28.0% | 0.8% |
| Truist | $21,335,000 | $33,170,000 | 55.5% | 0.8% |
| NEWREZ LLC | $21,055,000 | $31,090,000 | 47.7% | 0.7% |
| West Bank | $26,140,000 | $27,985,000 | 7.1% | 0.6% |
| Midwest Heritage Bank FSB | $30,745,000 | $27,440,000 | -10.7% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $19,785,000 | $25,690,000 | 29.8% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $23,555,000 | $25,610,000 | 8.7% | 0.6% |
| Peoples Bank | $17,730,000 | $24,830,000 | 40.0% | 0.6% |
| The Central Trust Bank | $50,370,000 | $24,065,000 | -52.2% | 0.6% |
| PGIM Real Estate Finance, LLC | $23,655,000 | n/a | 0.5% | |
| MOVEMENT MORTGAGE, LLC | $3,085,000 | $23,575,000 | 664.2% | 0.5% |
| STOCKTON MORTGAGE CORPORATION | $370,000 | $21,495,000 | 5,709.5% | 0.5% |
| CMG MORTGAGE, INC. | $14,405,000 | $21,435,000 | 48.8% | 0.5% |
| GREATER IOWA CREDIT UNION | $18,680,000 | $20,895,000 | 11.9% | 0.5% |
| Raccoon Valley Bank | $22,215,000 | $20,385,000 | -8.2% | 0.5% |
| Farmers State Bank | $105,000 | $18,855,000 | 17,857.1% | 0.4% |
| The Security National Bank of Sioux City, Iowa | $205,000 | $18,565,000 | 8,956.1% | 0.4% |
| FIRST COMMUNITY MORTGAGE, INC. | $3,700,000 | $18,380,000 | 396.8% | 0.4% |
| State Savings Bank | $12,910,000 | $17,525,000 | 35.7% | 0.4% |
| Earlham Savings Bank | $19,825,000 | $17,060,000 | -13.9% | 0.4% |
| FINANCIAL PLUS Credit Union | $16,360,000 | $16,715,000 | 2.2% | 0.4% |
| LAND HOME FINANCIAL SERVICES, INC. | $22,975,000 | $16,680,000 | -27.4% | 0.4% |
| VisionBank of Iowa | $16,135,000 | $16,270,000 | 0.8% | 0.4% |
| City State Bank | $12,310,000 | $15,130,000 | 22.9% | 0.3% |
| FRONTIER FINANCIAL, INC. | $15,240,000 | $14,990,000 | -1.6% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $11,025,000 | $14,330,000 | 30.0% | 0.3% |
| DUPACO COMMUNITY | $19,095,000 | $13,685,000 | -28.3% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $7,945,000 | $13,515,000 | 70.1% | 0.3% |
| CARDINAL FINANCIAL | $6,545,000 | $13,440,000 | 105.3% | 0.3% |
| Bank | $6,955,000 | $12,960,000 | 86.3% | 0.3% |
| First National Bank, Ames, Iowa | $35,525,000 | $12,535,000 | -64.7% | 0.3% |
| Bank of America | $8,595,000 | $12,435,000 | 44.7% | 0.3% |
| Two Rivers Bank & Trust | $3,035,000 | $12,145,000 | 300.2% | 0.3% |
| West Gate Bank | $18,170,000 | $11,870,000 | -34.7% | 0.3% |
| JPMorgan Chase Bank | $8,860,000 | $11,770,000 | 32.8% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $9,480,000 | $11,765,000 | 24.1% | 0.3% |
| CBRE MULTIFAMILY CAPITAL, INC. | $11,705,000 | n/a | 0.3% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $7,170,000 | $11,610,000 | 61.9% | 0.3% |
| Hills Bank and Trust Company | $965,000 | $11,270,000 | 1,067.9% | 0.3% |
| AmeriHome Mortgage Company, LLC | $7,685,000 | $11,260,000 | 46.5% | 0.3% |
| COMPASS MORTGAGE, INC. | $11,335,000 | $11,250,000 | -0.7% | 0.3% |
| Flagstar Bank, FSB | $12,035,000 | $10,830,000 | -10.0% | 0.2% |
| Plains Commerce Bank | $10,950,000 | $9,825,000 | -10.3% | 0.2% |
| GREYSTONE SERVICING COMPANY LLC | $4,565,000 | $9,765,000 | 113.9% | 0.2% |
| Collins Community Credit Union | $27,310,000 | $9,710,000 | -64.4% | 0.2% |
| Iowa State Bank | $11,065,000 | $9,625,000 | -13.0% | 0.2% |
| Morgan Stanley Private Bank | $1,425,000 | $9,570,000 | 571.6% | 0.2% |
| South Story Bank & Trust | $8,305,000 | $9,290,000 | 11.9% | 0.2% |
| FARMERS & MERCHANTS STATE BANK | $7,550,000 | $9,120,000 | 20.8% | 0.2% |
| LOANDEPOT.COM, LLC | $7,075,000 | $8,740,000 | 23.5% | 0.2% |
| ENVOY MORTGAGE, LTD | $5,230,000 | $8,320,000 | 59.1% | 0.2% |
| BMO Harris Bank | $16,495,000 | $8,075,000 | -51.0% | 0.2% |
| MARINE | $10,165,000 | $7,930,000 | -22.0% | 0.2% |
| First Interstate Bank | $5,225,000 | $7,850,000 | 50.2% | 0.2% |
| Farm Credit Mid-America, ACA | $9,510,000 | $7,690,000 | -19.1% | 0.2% |
| Great Southern Bank | $8,320,000 | $7,275,000 | -12.6% | 0.2% |
| Charter Bank | $5,925,000 | $7,225,000 | 21.9% | 0.2% |
| Guthrie County State Bank | $5,780,000 | $7,200,000 | 24.6% | 0.2% |
| COMMUNITY 1ST CREDIT UNION | $8,985,000 | $7,180,000 | -20.1% | 0.2% |
| NEW DAY FINANCIAL, LLC | $3,875,000 | $7,000,000 | 80.6% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $1,190,000 | $6,940,000 | 483.2% | 0.2% |
| USAA Federal Savings Bank | $6,305,000 | $6,885,000 | 9.2% | 0.2% |
| Contract Exchange Corporation | $5,785,000 | $6,645,000 | 14.9% | 0.2% |
| Peoples Savings Bank | $11,405,000 | $6,040,000 | -47.0% | 0.1% |
| Tradesmen Community Credit Union | $4,010,000 | $5,955,000 | 48.5% | 0.1% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $5,940,000 | $5,940,000 | 0.0% | 0.1% |
| PREMIA MORTGAGE, LLC | $7,395,000 | $5,710,000 | -22.8% | 0.1% |
| American State Bank | $455,000 | $5,690,000 | 1,150.5% | 0.1% |
| The Loan Store, Inc. | $195,000 | $5,490,000 | 2,715.4% | 0.1% |
| Union State Bank | $7,805,000 | $5,435,000 | -30.4% | 0.1% |
| MidWestOne Bank | $11,070,000 | $4,755,000 | -57.0% | 0.1% |
| JMAC LENDING, INC. | $6,920,000 | $4,475,000 | -35.3% | 0.1% |
| Serve Credit Union | $5,500,000 | $4,450,000 | -19.1% | 0.1% |
| Servion, Inc. | $1,875,000 | $4,355,000 | 132.3% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $815,000 | $4,215,000 | 417.2% | 0.1% |
| Carrington Mortgage Services, LLC | $3,115,000 | $4,115,000 | 32.1% | 0.1% |
| Figure Lending LLC | $2,115,000 | $4,110,000 | 94.3% | 0.1% |
| First Class Community Credit Union | $2,955,000 | $4,110,000 | 39.1% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $4,075,000 | $4,060,000 | -0.4% | 0.1% |
| Cedar Rapids Bank and Trust Company | $38,290,000 | $4,030,000 | -89.5% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $1,505,000 | $3,890,000 | 158.5% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $835,000 | $3,885,000 | 365.3% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $6,205,000 | $3,790,000 | -38.9% | 0.1% |
| Washington State Bank | $3,820,000 | $3,675,000 | -3.8% | 0.1% |
| 21ST MORTGAGE CORPORATION | $2,390,000 | $3,205,000 | 34.1% | 0.1% |
| PNC Bank | $2,960,000 | $3,180,000 | 7.4% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $7,365,000 | $3,050,000 | -58.6% | 0.1% |
| First State Bank | $465,000 | $3,030,000 | 551.6% | 0.1% |
| PLANET HOME LENDING, LLC | $2,305,000 | $3,030,000 | 31.5% | 0.1% |
| Availa Bank | $8,465,000 | $2,965,000 | -65.0% | 0.1% |
| NBKC BANK | $2,470,000 | $2,900,000 | 17.4% | 0.1% |
| The Huntington National Bank | $4,455,000 | $2,860,000 | -35.8% | 0.1% |
| Pinnacle Bank | $375,000 | $2,725,000 | 626.7% | 0.1% |
| Coastal Community Bank | $2,060,000 | $2,715,000 | 31.8% | 0.1% |
| V.I.P. MORTGAGE, INC. | $11,285,000 | $2,695,000 | -76.1% | 0.1% |
| The Federal Savings Bank | $1,740,000 | $2,625,000 | 50.9% | 0.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $2,975,000 | $2,585,000 | -13.1% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,150,000 | $2,495,000 | 117.0% | 0.1% |
| Northpointe Bank | $1,300,000 | $2,485,000 | 91.2% | 0.1% |
| Ohnward Bank & Trust | $2,070,000 | $2,285,000 | 10.4% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,540,000 | $2,255,000 | 46.4% | 0.1% |
| Regions Bank | $13,320,000 | $2,110,000 | -84.2% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $1,095,000 | $2,085,000 | 90.4% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $2,425,000 | $2,065,000 | -14.8% | 0.0% |
| Ally Bank | $815,000 | $2,025,000 | 148.5% | 0.0% |
| Leighton State Bank | $2,465,000 | $2,000,000 | -18.9% | 0.0% |
| Exchange State Bank | $2,790,000 | $1,960,000 | -29.7% | 0.0% |
| The Greenwood's State Bank | $1,955,000 | n/a | 0.0% | |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $2,445,000 | $1,950,000 | -20.2% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $175,000 | $1,800,000 | 928.6% | 0.0% |
| OCMBC, INC. | $280,000 | $1,800,000 | 542.9% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,980,000 | $1,725,000 | -12.9% | 0.0% |
| Fifth Third Bank | $1,670,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $1,610,000 | n/a | 0.0% | |
| Nebraska Bank of Commerce | $1,605,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $145,000 | $1,535,000 | 958.6% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,575,000 | $1,520,000 | -3.5% | 0.0% |
| FLAT BRANCH MORTGAGE, INC. | $745,000 | $1,460,000 | 96.0% | 0.0% |
| NEXERA HOLDING LLC | $1,440,000 | n/a | 0.0% | |
| MEMBERS1st Community Credit Union | $2,580,000 | $1,420,000 | -45.0% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $590,000 | $1,365,000 | 131.4% | 0.0% |
| RUHL MORTGAGE, LLC | $1,260,000 | $1,365,000 | 8.3% | 0.0% |
| Midwest Bank | $1,335,000 | n/a | 0.0% | |
| BankIowa of Cedar Rapids | $520,000 | $1,320,000 | 153.8% | 0.0% |
| Fidelity Bank & Trust | $695,000 | $1,305,000 | 87.8% | 0.0% |
| Citibank | $1,390,000 | $1,290,000 | -7.2% | 0.0% |
| CHURCHILL MORTGAGE CORPORATION | $1,960,000 | $1,265,000 | -35.5% | 0.0% |
| GENEVA FINANCIAL, LLC | $1,260,000 | n/a | 0.0% | |
| Chelsea Savings Bank | $105,000 | $1,225,000 | 1,066.7% | 0.0% |
| Waterstone Mortgage Corporation | $1,205,000 | n/a | 0.0% | |
| Old National Bank | $780,000 | $1,195,000 | 53.2% | 0.0% |
| Community Savings Bank | $2,470,000 | $1,145,000 | -53.6% | 0.0% |
| Stifel Bank and Trust | $1,625,000 | $1,145,000 | -29.5% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $185,000 | $1,125,000 | 508.1% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $120,000 | $1,120,000 | 833.3% | 0.0% |
| RIVER VALLEY CREDIT UNION | $690,000 | $1,120,000 | 62.3% | 0.0% |
| Beverly Bank & Trust | $1,115,000 | n/a | 0.0% | |
| CHEVRON | $965,000 | $1,105,000 | 14.5% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $1,105,000 | n/a | 0.0% | |
| Keystone Savings Bank | $1,585,000 | $1,100,000 | -30.6% | 0.0% |
| UNION HOME MORTGAGE CORP. | $3,905,000 | $1,070,000 | -72.6% | 0.0% |
| Grinnell State Bank | $1,810,000 | $1,065,000 | -41.2% | 0.0% |
| Texana Bank | $1,050,000 | n/a | 0.0% | |
| First National Bank of Omaha | $1,065,000 | $1,035,000 | -2.8% | 0.0% |
| Academy Bank | $990,000 | n/a | 0.0% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $565,000 | $990,000 | 75.2% | 0.0% |
| Schaumburg Bank & Trust | $990,000 | n/a | 0.0% | |
| BAY EQUITY LLC | $915,000 | $985,000 | 7.7% | 0.0% |
| SPRING EQ, LLC | $485,000 | $985,000 | 103.1% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $330,000 | $975,000 | 195.5% | 0.0% |
| Ixonia Bank | $25,020,000 | $955,000 | -96.2% | 0.0% |
| Lakeview Community Capital, LLC | $260,000 | $955,000 | 267.3% | 0.0% |
| Lake Forest Bank & Trust | $945,000 | n/a | 0.0% | |
| THE FAMILY CREDIT UNION | $1,505,000 | $935,000 | -37.9% | 0.0% |
| General Mortgage Capital Corporation | $905,000 | n/a | 0.0% | |
| TRIAD FINANCIAL SERVICES, INC. | $585,000 | $905,000 | 54.7% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $1,195,000 | $890,000 | -25.5% | 0.0% |
| Flanagan State Bank | $175,000 | $875,000 | 400.0% | 0.0% |
| Goldman Sachs Bank USA | $860,000 | n/a | 0.0% | |
| Bridge Community Bank | $850,000 | n/a | 0.0% | |
| Charles Schwab Bank, SSB | $1,120,000 | $845,000 | -24.6% | 0.0% |
| ALLIANT | $960,000 | $830,000 | -13.5% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $560,000 | $825,000 | 47.3% | 0.0% |
| Bankers' Bank | $1,155,000 | $805,000 | -30.3% | 0.0% |
| Security National Bank of Omaha | $19,160,000 | $805,000 | -95.8% | 0.0% |
| GNB Bank | $1,325,000 | $795,000 | -40.0% | 0.0% |
| United Bank of Iowa | $1,390,000 | $790,000 | -43.2% | 0.0% |
| M&T Bank | $780,000 | n/a | 0.0% | |
| CBI Bank & Trust | $540,000 | $765,000 | 41.7% | 0.0% |
| Old Plank Trail Community Bank | $765,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $1,360,000 | $760,000 | -44.1% | 0.0% |
| Citizens State Bank | $735,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $235,000 | $720,000 | 206.4% | 0.0% |
| ZILLOW HOME LOANS, LLC | $1,790,000 | $715,000 | -60.1% | 0.0% |
| American Airlines Federal Credit Union | $75,000 | $705,000 | 840.0% | 0.0% |
| Raymond James Bank | $1,145,000 | $705,000 | -38.4% | 0.0% |
| First Federal Bank | $315,000 | $700,000 | 122.2% | 0.0% |
| PHH Mortgage Corporation | $1,160,000 | $700,000 | -39.7% | 0.0% |
| MAYO EMPLOYEES FEDERAL CREDIT UNION | $35,000 | $695,000 | 1,885.7% | 0.0% |
| Citizens Bank | $1,720,000 | $690,000 | -59.9% | 0.0% |
| First Central State Bank | $225,000 | $685,000 | 204.4% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $980,000 | $670,000 | -31.6% | 0.0% |
| Farmers State Bank | $105,000 | $655,000 | 523.8% | 0.0% |
| State Department Federal Credit Union | $655,000 | n/a | 0.0% | |
| NFM, INC. | $1,000,000 | $650,000 | -35.0% | 0.0% |
| Bell Bank | $3,375,000 | $635,000 | -81.2% | 0.0% |
| Commerce Home Mortgage, Inc. | $635,000 | n/a | 0.0% | |
| SERVICE FIRST FEDERAL CREDIT UNION | $635,000 | n/a | 0.0% | |
| Magnolia Bank | $215,000 | $630,000 | 193.0% | 0.0% |
| ILLINOIS STATE CREDIT UNION | $625,000 | n/a | 0.0% | |
| EMM LOANS LLC | $770,000 | $615,000 | -20.1% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $235,000 | $615,000 | 161.7% | 0.0% |
| COLORADO CREDIT UNION | $605,000 | n/a | 0.0% | |
| TOWN AND COUNTRY Credit Union | $605,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $595,000 | n/a | 0.0% | |
| FINANCE OF AMERICA REVERSE LLC | $1,315,000 | $590,000 | -55.1% | 0.0% |
| Summit Mortgage Corporation | $1,345,000 | $585,000 | -56.5% | 0.0% |
| First State Bank of St. Charles, Missouri | $535,000 | $575,000 | 7.5% | 0.0% |
| FOOTHILLS | $575,000 | n/a | 0.0% | |
| TruHome Solutions, LLC | $575,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $570,000 | n/a | 0.0% | |
| Heritage Bank | $565,000 | n/a | 0.0% | |
| Primebank | $265,000 | $555,000 | 109.4% | 0.0% |
| OPEN MORTGAGE, LLC | $615,000 | $550,000 | -10.6% | 0.0% |
| Armed Forces Bank | $285,000 | $545,000 | 91.2% | 0.0% |
| BOKF | $545,000 | n/a | 0.0% | |
| MORTGAGEONE, INC. | $525,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $2,655,000 | $490,000 | -81.5% | 0.0% |
| UBS Bank USA | $465,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $175,000 | $460,000 | 162.9% | 0.0% |
| Union Bank and Trust Company | $215,000 | $460,000 | 114.0% | 0.0% |
| Paragon Bank | $455,000 | n/a | 0.0% | |
| Baxter Credit Union | $250,000 | $440,000 | 76.0% | 0.0% |
| Financial Funding Solutions, Inc. | $425,000 | n/a | 0.0% | |
| SIOUXLAND FEDERAL CREDIT UNION | $425,000 | n/a | 0.0% | |
| UMB Bank | $425,000 | n/a | 0.0% | |
| Mount Vernon Bank and Trust Company | $300,000 | $420,000 | 40.0% | 0.0% |
| POLARIS HOME FUNDING CORP. | $1,010,000 | $420,000 | -58.4% | 0.0% |
| Axos Bank | $415,000 | n/a | 0.0% | |
| Encompass Lending Group, LP | $1,290,000 | $410,000 | -68.2% | 0.0% |
| Houghton State Bank | $205,000 | $410,000 | 100.0% | 0.0% |
| LINN AREA | $165,000 | $410,000 | 148.5% | 0.0% |
| First Savings Bank | $2,620,000 | $405,000 | -84.5% | 0.0% |
| Chickasaw Community Bank | $6,285,000 | $400,000 | -93.6% | 0.0% |
| THOMPSON KANE & COMPANY, LLC | $400,000 | n/a | 0.0% | |
| Access Bank | $395,000 | n/a | 0.0% | |
| COMMUNITYAMERICA | $255,000 | $395,000 | 54.9% | 0.0% |
| Cornerstone First Mortgage, Inc | $395,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $390,000 | n/a | 0.0% | |
| Sullivan Bank | $385,000 | n/a | 0.0% | |
| Tradition Mortgage, LLC | $305,000 | $385,000 | 26.2% | 0.0% |
| CANOPY MORTGAGE, LLC | $375,000 | n/a | 0.0% | |
| CHARTER WEST BANK | $480,000 | $375,000 | -21.9% | 0.0% |
| First Bankers Trust Company | $375,000 | n/a | 0.0% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $375,000 | n/a | 0.0% | |
| Pinnacle Bank | $375,000 | $375,000 | 0.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $225,000 | $370,000 | 64.4% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $365,000 | n/a | 0.0% | |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $360,000 | n/a | 0.0% | |
| Community Resource Bank | $355,000 | n/a | 0.0% | |
| Hinsdale Bank & Trust Company | $545,000 | $355,000 | -34.9% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $8,760,000 | $345,000 | -96.1% | 0.0% |
| BANKORION | $335,000 | n/a | 0.0% | |
| First Bank | $775,000 | $335,000 | -56.8% | 0.0% |
| Legacy National Bank | $335,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $830,000 | $335,000 | -59.6% | 0.0% |
| RESIDENTIAL BANCORP | $330,000 | n/a | 0.0% | |
| AmRes Corporation | $325,000 | n/a | 0.0% | |
| American Mortgage Bank, LLC | $315,000 | n/a | 0.0% | |
| CITY BANK & TRUST CO. | $315,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $315,000 | n/a | 0.0% | |
| Ameris Bank | $305,000 | n/a | 0.0% | |
| CEDAR FALLS COMMUNITY CREDIT UNION | $1,470,000 | $300,000 | -79.6% | 0.0% |
| LIMA ONE CAPITAL, LLC | $2,145,000 | $300,000 | -86.0% | 0.0% |
| AXIA FINANCIAL, LLC | $295,000 | n/a | 0.0% | |
| MORTGAGE ACCESS CORP. | $840,000 | $295,000 | -64.9% | 0.0% |
| Fidelity Bank | $285,000 | $285,000 | 0.0% | 0.0% |
| First International Bank & Trust | $620,000 | $285,000 | -54.0% | 0.0% |
| GNBank | $285,000 | n/a | 0.0% | |
| Bank First, N.A. | $275,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $185,000 | $275,000 | 48.6% | 0.0% |
| MLD MORTGAGE INC. | $270,000 | n/a | 0.0% | |
| Gateway First Bank | $1,625,000 | $260,000 | -84.0% | 0.0% |
| Think Mutual Bank | $370,000 | $260,000 | -29.7% | 0.0% |
| Dacotah Bank | $255,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $945,000 | $250,000 | -73.5% | 0.0% |
| AMERICAN FINANCING CORPORATION | $775,000 | $245,000 | -68.4% | 0.0% |
| GAS AND ELECTRIC CREDIT UNION | $245,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $1,915,000 | $240,000 | -87.5% | 0.0% |
| Hometown Equity Mortgage, LLC | $350,000 | $235,000 | -32.9% | 0.0% |
| WINGS FINANCIAL | $290,000 | $230,000 | -20.7% | 0.0% |
| Brighton Bank | $225,000 | n/a | 0.0% | |
| First Bank | $775,000 | $225,000 | -71.0% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $225,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $225,000 | n/a | 0.0% | |
| Centier Bank | $170,000 | $220,000 | 29.4% | 0.0% |
| Country Club Bank | $215,000 | n/a | 0.0% | |
| Extraco Banks | $215,000 | n/a | 0.0% | |
| INTERSTATE HOME LOAN CENTER, INC. | $215,000 | n/a | 0.0% | |
| Alliant Bank | $205,000 | n/a | 0.0% | |
| Central National Bank | $205,000 | n/a | 0.0% | |
| First National Bank of Brookfield | $195,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $165,000 | $195,000 | 18.2% | 0.0% |
| OAKTREE FUNDING CORP. | $410,000 | $195,000 | -52.4% | 0.0% |
| CITIZENS EQUITY FIRST | $185,000 | n/a | 0.0% | |
| First State Bank | $465,000 | $185,000 | -60.2% | 0.0% |
| Green Belt Bank & Trust | $905,000 | $185,000 | -79.6% | 0.0% |
| MMS MORTGAGE SERVICES, LTD. | $185,000 | n/a | 0.0% | |
| Peoples Bank | $17,730,000 | $185,000 | -99.0% | 0.0% |
| WaterStone Bank, SSB | $185,000 | n/a | 0.0% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $180,000 | $175,000 | -2.8% | 0.0% |
| Bank Midwest | $165,000 | n/a | 0.0% | |
| CONSTRUCTIVE LOANS, LLC | $165,000 | n/a | 0.0% | |
| DAS Acquisition Company, LLC | $2,530,000 | $165,000 | -93.5% | 0.0% |
| HOMESTEAD FUNDING CORP. | $165,000 | n/a | 0.0% | |
| Service Federal Credit Union | $165,000 | $165,000 | 0.0% | 0.0% |
| TOWNE MORTGAGE COMPANY | $740,000 | $165,000 | -77.7% | 0.0% |
| Citizens State Bank of La Crosse | $155,000 | n/a | 0.0% | |
| Clearview Federal Credit Union | $155,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $95,000 | $155,000 | 63.2% | 0.0% |
| Frandsen Bank & Trust | $155,000 | n/a | 0.0% | |
| Morton Community Bank | $155,000 | n/a | 0.0% | |
| Bank of Deerfield | $145,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $145,000 | n/a | 0.0% | |
| First National Bank of America | $470,000 | $145,000 | -69.1% | 0.0% |
| Midwest Mortgage Associates Corporation | $145,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $135,000 | n/a | 0.0% | |
| Ames National Corporation/Reliance State Bank | $1,065,000 | $135,000 | -87.3% | 0.0% |
| TOGETHER CREDIT UNION | $135,000 | n/a | 0.0% | |
| Arbor Bank | $365,000 | $125,000 | -65.8% | 0.0% |
| EVERENCE FEDERAL CREDIT UNION | $125,000 | n/a | 0.0% | |
| Manufacturers Bank & Trust Company | $235,000 | $125,000 | -46.8% | 0.0% |
| R.I.A. Federal Credit Union | $125,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $595,000 | $115,000 | -80.7% | 0.0% |
| BLACK HILLS FEDERAL CREDIT UNION | $105,000 | n/a | 0.0% | |
| Home Mortgage Alliance Corp | $105,000 | n/a | 0.0% | |
| FNB BANK | $600,000 | $95,000 | -84.2% | 0.0% |
| Reliabank Dakota | $85,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $75,000 | n/a | 0.0% | |
| LONGBRIDGE FINANCIAL, LLC | $110,000 | $75,000 | -31.8% | 0.0% |
| Quad City Bank and Trust Company | $425,000 | $75,000 | -82.4% | 0.0% |
| Transportation Federal Credit Union | $55,000 | n/a | 0.0% | |
| TOWER | $45,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% |
DES MOINES - WEST DES MOINES's top lender by overall market share is GREENSTATE CREDIT UNION, with 10.8% market share. In second place, with 6.8%, is VERIDIAN CREDIT UNION, having originated $296,030,000 in loans. In third place, with 3.8%, is Community Choice Credit Union, having originated $165,995,000 in loans. In fourth place, with 3.3%, is DHI MORTGAGE COMPANY, LTD., having originated $145,210,000 in loans. In fifth place, with 3.3%, is Luana Savings Bank, having originated $142,235,000 in loans.
DES MOINES-WEST DES MOINES, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 11,396 | $3,097,520,000 | $271,808 |
| Other | 2,611 | $211,005,000 | $80,814 |
| Refi | 2,092 | $630,760,000 | $301,511 |
| Home Improvement | 1,657 | $116,825,000 | $70,504 |
| Cash Out Refi | 1,530 | $290,950,000 | $190,163 |
| NA | 8 | $820,000 | $102,500 |
Des Moines - West Des Moines's most frequently cited loan purpose was Home Purchase, with 11,396 originations. The 2nd most popular reason was Other, with 2,611 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 8,076 | $2,051,900,000 | $254,074 |
| 7-8% | 3,535 | $668,535,000 | $189,119 |
| 5-6% | 3,313 | $872,215,000 | $263,270 |
| Over 8% | 2,442 | $228,530,000 | $93,583 |
| <2.5% | 443 | $10,555,000 | $23,826 |
| 4-5% | 238 | $82,480,000 | $346,555 |
| 3-4% | 20 | $3,180,000 | $159,000 |
| 2.5-3% | 18 | $3,630,000 | $201,667 |
During 2024, Des Moines - West Des Moines's most frequently originated rate bucket was 6-7%, with 8,076 originations.
Loan Sizing (DES MOINES-WEST DES MOINES, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 6,874 | $1,933,250,000 | $281,241 |
| $100,000 or less | 5,772 | $282,050,000 | $48,865 |
| $100k-200k | 4,787 | $722,965,000 | $151,027 |
| $400k-600k | 1,290 | $614,880,000 | $476,651 |
| $600k-1000k | 449 | $321,935,000 | $717,004 |
| $Over $1MM | 122 | $472,800,000 | $3,875,410 |
DES MOINES - WEST DES MOINES's loan sizing saw the bucket of loans from $200k-400k with 6,874 originations, totaling $1,933,250,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 6,955 | $1,981,865,000 | $284,955 |
| Under 20% | 3,569 | $178,715,000 | $50,074 |
| 60-80% | 3,490 | $1,109,490,000 | $317,905 |
| 20-40% | 2,405 | $259,185,000 | $107,769 |
| 40-60% | 1,333 | $281,265,000 | $211,002 |
| Over 100% | 165 | $59,195,000 | $358,758 |
DES MOINES - WEST DES MOINES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 6,955 originations, totaling $1,981,865,000 in origination value.