DES MOINES - WEST DES MOINES Mortgage Rates
30 Year Fixed Rate mortgages in Des Moines - West Des Moines averaged
5.21%
for the week of 2022-05-19, compared to the national average of
5.25% for the same period.
The average rate for the prior week (2022-05-12) was
5.46% and
one month ago for the week of 2022-04-14, the
average rate was 4.86%.
Des Moines - West Des Moines's average rate one year ago was 3%.
For refis of the same type during the week of 2022-05-19, the average rate
was 5.43%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2022-05-19 | 5.25% |
Des Moines - West Des Moines 30 Year Fixed Rate | 2022-05-19 | 5.21% |
Des Moines - West Des Moines 30 Year Fixed Rate Refi | 2022-05-19 | 5.43% |
Des Moines - West Des Moines 15 Year Fixed Rate | 2022-05-19 | 4.43% |
Des Moines - West Des Moines 15 Year Fixed Rate Refi | 2022-05-19 | 4.39% |
Des Moines - West Des Moines 30 Year FHA | 2022-05-19 | 5.12% |
Des Moines - West Des Moines 30 Year FHA Refi | 2022-05-19 | 5.41% |
Des Moines - West Des Moines 30 Year USDA | 2022-05-19 | 5.21% |
Des Moines - West Des Moines 30 Year USDA Refi | 2022-05-19 | 5.11% |
Des Moines - West Des Moines 30 Year VA | 2022-05-19 | 5.42% |
Des Moines - West Des Moines 30 Year VA Refi | 2022-05-19 | 4.94% |
DES MOINES - WEST DES MOINES 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 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, IA's 280 lenders originated 41,255
loans during 2021. The total origination value was $9,174,265,000, with an average loan value of
$222,379.
The top DES MOINES - WEST DES MOINES lender as defined by loan originations is GREENSTATE CREDIT UNION, with
2,157 loans originated. Their average total fees are
$1,885, which is $500
lower than the next largest lender,
IOWA BANKERS MORTGAGE CORPORATION.
The lowest fee DES MOINES - WEST DES MOINES lenders (with over 10 loans originated) are
Luana Savings Bank ($1,174), KELLER MORTGAGE, LLC ($1,408), Collins Community Credit Union ($1,529), GREATER IOWA CREDIT UNION ($1,601) and Paramount Bank ($1,605).
The lowest rate DES MOINES - WEST DES MOINES lenders (with over 10 loans originated) are
Deere Employees Credit Union (2.49%), DUPACO COMMUNITY (2.78%), RESIDENTIAL BANCORP. (2.81%), Bank (2.81%) and Fidelity Bank (2.81%).
DES MOINES-WEST DES MOINES, 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 | $880,915,000 | $853,830,000 | -3.1% | 9.3% |
Luana Savings Bank | $706,225,000 | $569,675,000 | -19.3% | 6.2% |
VERIDIAN CREDIT UNION | $599,955,000 | $554,035,000 | -7.7% | 6.0% |
IOWA BANKERS MORTGAGE CORPORATION | $596,510,000 | $462,225,000 | -22.5% | 5.0% |
Wells Fargo Bank | $365,495,000 | $416,740,000 | 14.0% | 4.5% |
QUICKEN LOANS, LLC | $319,660,000 | $341,005,000 | 6.7% | 3.7% |
Lincoln Savings Bank | $390,125,000 | $339,765,000 | -12.9% | 3.7% |
Fidelity Bank | $875,000 | $312,585,000 | 35,624.0% | 3.4% |
HOMESERVICES LENDING, LLC | $348,955,000 | $285,970,000 | -18.0% | 3.1% |
U.S. Bank | $280,725,000 | $275,965,000 | -1.7% | 3.0% |
Northwest Bank | $338,615,000 | $220,215,000 | -35.0% | 2.4% |
GERSHMAN INVESTMENT CORP. | $261,200,000 | $214,455,000 | -17.9% | 2.3% |
Collins Community Credit Union | $247,295,000 | $206,080,000 | -16.7% | 2.2% |
FREEDOM MORTGAGE CORPORATION | $127,150,000 | $158,830,000 | 24.9% | 1.7% |
Bankers Trust Company | $154,800,000 | $140,970,000 | -8.9% | 1.5% |
Bank Iowa | $119,815,000 | $134,825,000 | 12.5% | 1.5% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $113,595,000 | $111,685,000 | -1.7% | 1.2% |
Great Southern Bank | $60,620,000 | $100,865,000 | 66.4% | 1.1% |
Central Bank | $114,450,000 | $94,980,000 | -17.0% | 1.0% |
Community Choice Credit Union | $136,975,000 | $93,375,000 | -31.8% | 1.0% |
LAND HOME FINANCIAL SERVICES, INC. | $142,125,000 | $84,765,000 | -40.4% | 0.9% |
Farmers State Bank | $945,000 | $76,315,000 | 7,975.7% | 0.8% |
Fortress Bank | $81,510,000 | $73,105,000 | -10.3% | 0.8% |
Chickasaw Community Bank | $118,585,000 | $71,790,000 | -39.5% | 0.8% |
Grandbridge Real Estate Capital LLC | $13,845,000 | $68,425,000 | 394.2% | 0.7% |
PENNYMAC LOAN SERVICES, LLC | $17,815,000 | $68,330,000 | 283.6% | 0.7% |
DHI MORTGAGE COMPANY, LTD. | $49,530,000 | $66,760,000 | 34.8% | 0.7% |
CALIBER HOME LOANS, INC. | $43,195,000 | $63,100,000 | 46.1% | 0.7% |
COMPASS MORTGAGE, INC. | $52,275,000 | $62,540,000 | 19.6% | 0.7% |
HOMESIDE FINANCIAL, LLC | $50,175,000 | $61,425,000 | 22.4% | 0.7% |
UNITED WHOLESALE MORTGAGE, LLC | $53,270,000 | $61,150,000 | 14.8% | 0.7% |
Deere Employees Credit Union | $61,990,000 | $60,600,000 | -2.2% | 0.7% |
Mortgage Research Center, LLC | $41,970,000 | $59,870,000 | 42.6% | 0.7% |
First National Bank, Ames, Iowa | $53,215,000 | $58,930,000 | 10.7% | 0.6% |
Midwest Heritage Bank FSB | $98,765,000 | $58,375,000 | -40.9% | 0.6% |
GUILD MORTGAGE COMPANY | $57,845,000 | $58,080,000 | 0.4% | 0.6% |
LOANDEPOT.COM, LLC | $35,750,000 | $57,670,000 | 61.3% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $38,110,000 | $57,065,000 | 49.7% | 0.6% |
INLANTA MORTGAGE, INC. | $47,245,000 | $55,785,000 | 18.1% | 0.6% |
Raccoon Valley Bank | $89,985,000 | $51,675,000 | -42.6% | 0.6% |
GUARANTEED RATE, INC. | $4,645,000 | $51,595,000 | 1,010.8% | 0.6% |
Barrington Bank & Trust Company, N.A. | $33,730,000 | $51,390,000 | 52.4% | 0.6% |
GREATER IOWA CREDIT UNION | $52,140,000 | $48,155,000 | -7.6% | 0.5% |
AMERISAVE MORTGAGE CORPORATION | $36,135,000 | $47,535,000 | 31.5% | 0.5% |
Flagstar Bank, FSB | $23,640,000 | $46,680,000 | 97.5% | 0.5% |
Ixonia Bank | $38,955,000 | $46,510,000 | 19.4% | 0.5% |
Premier Credit Union | $26,685,000 | $46,225,000 | 73.2% | 0.5% |
STEARNS LENDING, LLC | $80,090,000 | $45,710,000 | -42.9% | 0.5% |
Truist Bank | $80,140,000 | $45,545,000 | -43.2% | 0.5% |
The Central Trust Bank | $730,000 | $44,485,000 | 5,993.8% | 0.5% |
FINANCE OF AMERICA MORTGAGE LLC | $69,240,000 | $40,080,000 | -42.1% | 0.4% |
BETTER MORTGAGE CORPORATION | $29,060,000 | $37,420,000 | 28.8% | 0.4% |
MOVEMENT MORTGAGE, LLC | $19,985,000 | $36,590,000 | 83.1% | 0.4% |
Great Western Bank | $65,920,000 | $36,250,000 | -45.0% | 0.4% |
HOME POINT FINANCIAL CORPORATION | $24,910,000 | $34,035,000 | 36.6% | 0.4% |
JONES LANG LASALLE MULTIFAMILY, LLC | $89,125,000 | $32,630,000 | -63.4% | 0.4% |
I. H. MISSISSIPPI VALLEY CREDIT UNION | $29,630,000 | $32,300,000 | 9.0% | 0.4% |
BROKER SOLUTIONS, INC. | $32,235,000 | $32,090,000 | -0.4% | 0.3% |
Merchants Bank of Indiana | $31,605,000 | n/a | 0.3% | |
UBS Bank USA | $2,255,000 | $31,435,000 | 1,294.0% | 0.3% |
Bank of the West | $38,570,000 | $31,430,000 | -18.5% | 0.3% |
VisionBank of Iowa | $52,210,000 | $31,090,000 | -40.5% | 0.3% |
Availa Bank | $32,565,000 | $30,875,000 | -5.2% | 0.3% |
Bank of America | $21,055,000 | $30,200,000 | 43.4% | 0.3% |
West Bank | $404,870,000 | $28,555,000 | -92.9% | 0.3% |
CMG MORTGAGE, INC. | $26,025,000 | $27,855,000 | 7.0% | 0.3% |
NEWREZ LLC | $12,950,000 | $26,600,000 | 105.4% | 0.3% |
Peoples Bank | $25,360,000 | $24,715,000 | -2.5% | 0.3% |
Gateway First Bank | $13,035,000 | $24,460,000 | 87.6% | 0.3% |
DAS Acquisition Company, LLC | $32,725,000 | $23,045,000 | -29.6% | 0.3% |
CBRE MULTIFAMILY CAPITAL, INC. | $22,845,000 | n/a | 0.2% | |
FRONTIER FINANCIAL, INC. | $27,785,000 | $21,580,000 | -22.3% | 0.2% |
LAKEVIEW LOAN SERVICING, LLC | $9,985,000 | $21,325,000 | 113.6% | 0.2% |
JPMorgan Chase Bank | $18,100,000 | $21,140,000 | 16.8% | 0.2% |
MidWestOne Bank | $37,145,000 | $20,170,000 | -45.7% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $9,560,000 | $18,740,000 | 96.0% | 0.2% |
KeyBank | $1,040,000 | $18,660,000 | 1,694.2% | 0.2% |
Serve Credit Union | $7,995,000 | $17,110,000 | 114.0% | 0.2% |
WALKER & DUNLOP, LLC | $17,455,000 | $17,005,000 | -2.6% | 0.2% |
AMCAP MORTGAGE, LTD. | $7,930,000 | $16,420,000 | 107.1% | 0.2% |
VILLAGE CAPITAL & INVESTMENT LLC | $8,020,000 | $16,105,000 | 100.8% | 0.2% |
Community State Bank | $32,875,000 | $16,100,000 | -51.0% | 0.2% |
DUPACO COMMUNITY | $7,560,000 | $14,760,000 | 95.2% | 0.2% |
USAA Federal Savings Bank | $18,825,000 | $14,485,000 | -23.1% | 0.2% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $3,235,000 | $13,870,000 | 328.7% | 0.2% |
Farm Credit Mid-America, ACA | $16,705,000 | $13,460,000 | -19.4% | 0.1% |
UNION HOME MORTGAGE CORP. | $1,035,000 | $12,810,000 | 1,137.7% | 0.1% |
NAVY FEDERAL CREDIT UNION | $8,745,000 | $12,735,000 | 45.6% | 0.1% |
MARINE | $8,205,000 | $12,550,000 | 53.0% | 0.1% |
Plains Commerce Bank | $3,975,000 | $11,975,000 | 201.3% | 0.1% |
Goldman Sachs Bank USA | $270,000 | $11,895,000 | 4,305.6% | 0.1% |
West Gate Bank | $11,635,000 | $11,390,000 | -2.1% | 0.1% |
Capitol Federal Savings Bank | $1,135,000 | $11,345,000 | 899.6% | 0.1% |
First Savings Bank | $16,175,000 | $11,105,000 | -31.3% | 0.1% |
NEW DAY FINANCIAL, LLC | $7,190,000 | $10,655,000 | 48.2% | 0.1% |
MUTUAL OF OMAHA MORTGAGE, INC. | $9,665,000 | $10,365,000 | 7.2% | 0.1% |
Bankers' Bank | $10,070,000 | n/a | 0.1% | |
The Federal Savings Bank | $16,315,000 | $9,605,000 | -41.1% | 0.1% |
Carrington Mortgage Services, LLC | $9,800,000 | $9,390,000 | -4.2% | 0.1% |
CROSSCOUNTRY MORTGAGE, LLC | $2,240,000 | $9,220,000 | 311.6% | 0.1% |
Paramount Bank | $155,000 | $9,110,000 | 5,777.4% | 0.1% |
Servion, Inc. | $11,925,000 | $8,855,000 | -25.7% | 0.1% |
Regions Bank | $10,940,000 | $8,610,000 | -21.3% | 0.1% |
Dacotah Bank | $8,505,000 | n/a | 0.1% | |
Ally Bank | $5,510,000 | $8,290,000 | 50.5% | 0.1% |
Two Rivers Bank & Trust | $4,910,000 | $7,940,000 | 61.7% | 0.1% |
SOFI LENDING CORP. | $4,485,000 | $7,935,000 | 76.9% | 0.1% |
Bank | $8,610,000 | $7,705,000 | -10.5% | 0.1% |
COMMUNITY 1ST CREDIT UNION | $9,065,000 | $7,700,000 | -15.1% | 0.1% |
TOP FLITE FINANCIAL, INC. | $8,610,000 | $7,115,000 | -17.4% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $5,355,000 | $6,870,000 | 28.3% | 0.1% |
Northpointe Bank | $3,970,000 | $6,485,000 | 63.4% | 0.1% |
MEMBERS1st Community Credit Union | $7,350,000 | $6,360,000 | -13.5% | 0.1% |
CHURCHILL MORTGAGE CORPORATION | $6,515,000 | $6,175,000 | -5.2% | 0.1% |
Morgan Stanley Private Bank | $2,450,000 | $6,005,000 | 145.1% | 0.1% |
LEADERONE FINANCIAL CORPORATION | $630,000 | $5,810,000 | 822.2% | 0.1% |
WaterStone Bank, SSB | $5,805,000 | n/a | 0.1% | |
RESIDENTIAL MORTGAGE NETWORK, INC. | $4,880,000 | $5,770,000 | 18.2% | 0.1% |
Commerce Bank | $380,000 | $5,505,000 | 1,348.7% | 0.1% |
Wyndham Capital Mortgage, Inc. | $845,000 | $5,470,000 | 547.3% | 0.1% |
American State Bank | $2,605,000 | $5,310,000 | 103.8% | 0.1% |
First Guaranty Mortgage Corporation | $2,550,000 | $5,300,000 | 107.8% | 0.1% |
AmeriHome Mortgage Company, LLC | $4,545,000 | $5,175,000 | 13.9% | 0.1% |
PENTAGON FEDERAL CREDIT UNION | $3,140,000 | $4,880,000 | 55.4% | 0.1% |
InterContinental Capital Group, Inc | $1,225,000 | $4,870,000 | 297.6% | 0.1% |
Peoples Savings Bank | $3,415,000 | $4,865,000 | 42.5% | 0.1% |
Low VA Rates, LLC | $3,560,000 | $4,860,000 | 36.5% | 0.1% |
FIRST COMMUNITY MORTGAGE, INC. | $53,705,000 | $4,835,000 | -91.0% | 0.1% |
KELLER MORTGAGE, LLC | $7,255,000 | $4,800,000 | -33.8% | 0.1% |
ZILLOW HOME LOANS, LLC | $1,020,000 | $4,800,000 | 370.6% | 0.1% |
Lake Area Bank | $4,685,000 | n/a | 0.1% | |
PLAZA HOME MORTGAGE, INC. | $4,825,000 | $4,640,000 | -3.8% | 0.1% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $3,665,000 | $4,540,000 | 23.9% | 0.0% |
The Huntington National Bank | $2,510,000 | $4,530,000 | 80.5% | 0.0% |
NP, Inc. | $2,255,000 | $4,190,000 | 85.8% | 0.0% |
SUMMIT FUNDING, INC. | $385,000 | $4,140,000 | 975.3% | 0.0% |
AMERICAN FINANCING CORPORATION | $2,495,000 | $4,110,000 | 64.7% | 0.0% |
RESIDENTIAL BANCORP. | $3,960,000 | n/a | 0.0% | |
United Bank of Iowa | $2,375,000 | $3,925,000 | 65.3% | 0.0% |
Axos Bank | $6,385,000 | $3,895,000 | -39.0% | 0.0% |
Keystone Savings Bank | $8,670,000 | $3,870,000 | -55.4% | 0.0% |
FirstBank | $2,015,000 | $3,685,000 | 82.9% | 0.0% |
Vibrant Credit Union | $10,190,000 | $3,570,000 | -65.0% | 0.0% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,825,000 | $3,540,000 | 25.3% | 0.0% |
PLANET HOME LENDING, LLC | $1,445,000 | $3,510,000 | 142.9% | 0.0% |
RUHL MORTGAGE, LLC | $2,825,000 | $3,385,000 | 19.8% | 0.0% |
First International Bank & Trust | $3,365,000 | n/a | 0.0% | |
Leighton State Bank | $3,800,000 | $3,345,000 | -12.0% | 0.0% |
SUN WEST MORTGAGE COMPANY, INC. | $2,195,000 | $3,335,000 | 51.9% | 0.0% |
ROYAL UNITED MORTGAGE LLC | $3,350,000 | $3,305,000 | -1.3% | 0.0% |
Ohnward Bank & Trust | $3,235,000 | n/a | 0.0% | |
Contract Exchange Corporation | $2,430,000 | $3,110,000 | 28.0% | 0.0% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $870,000 | $3,105,000 | 256.9% | 0.0% |
AMERICAN FINANCIAL NETWORK, INC. | $2,820,000 | $3,095,000 | 9.8% | 0.0% |
CHERRY CREEK MORTGAGE, LLC | $4,385,000 | $2,995,000 | -31.7% | 0.0% |
Washington State Bank | $6,415,000 | $2,915,000 | -54.6% | 0.0% |
LIMA ONE CAPITAL, LLC | $205,000 | $2,890,000 | 1,309.8% | 0.0% |
North American Savings Bank, F.S.B. | $3,070,000 | $2,830,000 | -7.8% | 0.0% |
Lakeview Community Capital, LLC | $285,000 | $2,815,000 | 887.7% | 0.0% |
PNC Bank | $17,035,000 | $2,760,000 | -83.8% | 0.0% |
MID AMERICA MORTGAGE, INC. | $3,670,000 | $2,745,000 | -25.2% | 0.0% |
First National Bank of Omaha | $1,210,000 | $2,730,000 | 125.6% | 0.0% |
Regional Missouri Bank | $2,645,000 | n/a | 0.0% | |
CORNHUSKER BANK | $2,595,000 | n/a | 0.0% | |
PREMIA MORTGAGE, LLC | $5,585,000 | $2,555,000 | -54.3% | 0.0% |
LENDSURE MORTGAGE CORP. | $2,495,000 | n/a | 0.0% | |
NBKC BANK | $6,090,000 | $2,370,000 | -61.1% | 0.0% |
Princeton Mortgage Corporation | $2,370,000 | n/a | 0.0% | |
THE FAMILY CREDIT UNION | $1,275,000 | $2,235,000 | 75.3% | 0.0% |
GNB Bank | $3,595,000 | $2,230,000 | -38.0% | 0.0% |
LENDERFI, INC. | $425,000 | $2,170,000 | 410.6% | 0.0% |
Chicago Mortgage Solutions LLC | $2,075,000 | n/a | 0.0% | |
Bell Bank | $1,325,000 | $2,055,000 | 55.1% | 0.0% |
First Federal Bank | $3,050,000 | $2,055,000 | -32.6% | 0.0% |
FLAT BRANCH MORTGAGE, INC. | $850,000 | $2,010,000 | 136.5% | 0.0% |
Community Savings Bank | $2,045,000 | $1,985,000 | -2.9% | 0.0% |
Paramount Residential Mortgage Group, Inc. | $1,520,000 | $1,980,000 | 30.3% | 0.0% |
BankIowa of Cedar Rapids | $4,920,000 | $1,965,000 | -60.1% | 0.0% |
TRIAD FINANCIAL SERVICES, INC. | $765,000 | $1,950,000 | 154.9% | 0.0% |
Stifel Bank and Trust | $935,000 | $1,885,000 | 101.6% | 0.0% |
TIAA, FSB | $1,045,000 | $1,860,000 | 78.0% | 0.0% |
AMERICAN ADVISORS GROUP | $465,000 | $1,840,000 | 295.7% | 0.0% |
HOMESTEAD FUNDING CORP. | $315,000 | $1,770,000 | 461.9% | 0.0% |
COMMUNITYAMERICA | $1,115,000 | $1,755,000 | 57.4% | 0.0% |
PHH Mortgage Corporation | $955,000 | $1,740,000 | 82.2% | 0.0% |
Associated Bank | $810,000 | $1,685,000 | 108.0% | 0.0% |
Bank of England | $1,270,000 | $1,685,000 | 32.7% | 0.0% |
Citizens Bank | $2,125,000 | $1,680,000 | -20.9% | 0.0% |
INSPIRE HOME LOANS INC. | $1,525,000 | $1,675,000 | 9.8% | 0.0% |
The Security National Bank of Sioux City, Iowa | $65,000 | $1,640,000 | 2,423.1% | 0.0% |
CIT Bank | $1,620,000 | n/a | 0.0% | |
Baxter Credit Union | $1,595,000 | $1,525,000 | -4.4% | 0.0% |
First Home Bank | $520,000 | $1,485,000 | 185.6% | 0.0% |
Citibank | $1,565,000 | $1,450,000 | -7.3% | 0.0% |
SOVEREIGN LENDING GROUP INCORPORATED | $2,020,000 | $1,415,000 | -30.0% | 0.0% |
GUARANTEED RATE AFFINITY, LLC | $855,000 | $1,340,000 | 56.7% | 0.0% |
Figure Lending LLC | $140,000 | $1,335,000 | 853.6% | 0.0% |
AMERICAN INTERNET MORTGAGE, INC. | $1,275,000 | $1,325,000 | 3.9% | 0.0% |
Fidelity Bank | $875,000 | $1,325,000 | 51.4% | 0.0% |
Manufacturers and Traders Trust Company | $340,000 | $1,320,000 | 288.2% | 0.0% |
First Midwest Bank | $335,000 | $1,310,000 | 291.0% | 0.0% |
First Central State Bank | $1,120,000 | $1,295,000 | 15.6% | 0.0% |
BNC National Bank | $255,000 | $1,260,000 | 394.1% | 0.0% |
DELMAR FINANCIAL COMPANY | $1,685,000 | $1,255,000 | -25.5% | 0.0% |
Charles Schwab Bank, SSB | $1,750,000 | $1,220,000 | -30.3% | 0.0% |
Strong Home Mortgage, LLC | $1,030,000 | $1,190,000 | 15.5% | 0.0% |
Cf Bank | $285,000 | $1,180,000 | 314.0% | 0.0% |
EMBRACE HOME LOANS, INC. | $1,245,000 | $1,175,000 | -5.6% | 0.0% |
TCF National Bank | $1,135,000 | $1,170,000 | 3.1% | 0.0% |
OPEN MORTGAGE, LLC | $155,000 | $1,165,000 | 651.6% | 0.0% |
21ST MORTGAGE CORPORATION | $2,195,000 | $1,160,000 | -47.2% | 0.0% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,700,000 | $1,155,000 | -32.1% | 0.0% |
Hills Bank and Trust Company | $2,365,000 | $1,100,000 | -53.5% | 0.0% |
Arvest Bank | $1,330,000 | $1,090,000 | -18.0% | 0.0% |
Ameris Bank | $1,035,000 | n/a | 0.0% | |
DRAPER AND KRAMER MORTGAGE CORP. | $205,000 | $1,035,000 | 404.9% | 0.0% |
LONGBRIDGE FINANCIAL, LLC | $1,035,000 | n/a | 0.0% | |
Green Belt Bank & Trust | $5,400,000 | $1,020,000 | -81.1% | 0.0% |
EVERETT FINANCIAL, INC. | $450,000 | $1,005,000 | 123.3% | 0.0% |
AMERICAN FINANCE HOUSE LARIBA | $1,000,000 | n/a | 0.0% | |
DIGITAL Federal Credit Union | $940,000 | $1,000,000 | 6.4% | 0.0% |
Waterstone Mortgage Corporation | $1,115,000 | $1,000,000 | -10.3% | 0.0% |
Sunflower Bank | $605,000 | $980,000 | 62.0% | 0.0% |
CEDAR FALLS COMMUNITY CREDIT UNION | $265,000 | $975,000 | 267.9% | 0.0% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $680,000 | $955,000 | 40.4% | 0.0% |
Tradition Mortgage, LLC | $1,540,000 | $940,000 | -39.0% | 0.0% |
United Fidelity Funding Corp. | $2,140,000 | $935,000 | -56.3% | 0.0% |
ANGEL OAK HOME LOANS LLC | $930,000 | n/a | 0.0% | |
American State Bank | $2,605,000 | $905,000 | -65.3% | 0.0% |
First Western Trust Bank | $880,000 | n/a | 0.0% | |
RUOFF MORTGAGE COMPANY, INC. | $880,000 | $875,000 | -0.6% | 0.0% |
KS StateBank | $3,605,000 | $850,000 | -76.4% | 0.0% |
Magnolia Bank | $3,860,000 | $840,000 | -78.2% | 0.0% |
GAS AND ELECTRIC CREDIT UNION | $905,000 | $835,000 | -7.7% | 0.0% |
ALLIANT | $150,000 | $830,000 | 453.3% | 0.0% |
Prosperity Bank | $825,000 | n/a | 0.0% | |
Goldwater Bank, N.A. | $1,470,000 | $820,000 | -44.2% | 0.0% |
ON Q FINANCIAL, INC. | $440,000 | $820,000 | 86.4% | 0.0% |
ALLIANT CREDIT UNION | $125,000 | $815,000 | 552.0% | 0.0% |
LINN AREA | $800,000 | $810,000 | 1.3% | 0.0% |
DuTrac Community Credit Union | $135,000 | $790,000 | 485.2% | 0.0% |
First Mid Bank & Trust | $195,000 | $785,000 | 302.6% | 0.0% |
Florida Capital Bank | $1,880,000 | $755,000 | -59.8% | 0.0% |
Dollar Bank, Federal Savings Bank | $735,000 | n/a | 0.0% | |
Lend Smart Mortgage, LLC | $205,000 | $730,000 | 256.1% | 0.0% |
Colonial Savings, F.A. | $725,000 | n/a | 0.0% | |
SIRVA MORTGAGE, INC. | $690,000 | $720,000 | 4.3% | 0.0% |
First Bankers Trust Company | $205,000 | $715,000 | 248.8% | 0.0% |
CHARTER WEST BANK | $1,000,000 | $705,000 | -29.5% | 0.0% |
Neighborhood Loans, Inc. | $165,000 | $705,000 | 327.3% | 0.0% |
Pinnacle Bank | $505,000 | $705,000 | 39.6% | 0.0% |
Flanagan State Bank | $6,965,000 | $695,000 | -90.0% | 0.0% |
UMB Bank | $355,000 | $695,000 | 95.8% | 0.0% |
Union Bank and Trust Company | $1,310,000 | $685,000 | -47.7% | 0.0% |
FINANCE OF AMERICA COMMERCIAL LLC | $380,000 | $675,000 | 77.6% | 0.0% |
EMM LOANS LLC | $1,240,000 | $670,000 | -46.0% | 0.0% |
Frandsen Bank & Trust | $650,000 | n/a | 0.0% | |
RIVER VALLEY CREDIT UNION | $3,410,000 | $650,000 | -80.9% | 0.0% |
GENEVA FINANCIAL, LLC | $135,000 | $635,000 | 370.4% | 0.0% |
BOKF | $1,585,000 | $625,000 | -60.6% | 0.0% |
First Bank | $725,000 | $610,000 | -15.9% | 0.0% |
Merchants Bank | $395,000 | $610,000 | 54.4% | 0.0% |
Regent Financial Group, Inc. | $175,000 | $610,000 | 248.6% | 0.0% |
Farmers State Bank | $945,000 | $605,000 | -36.0% | 0.0% |
Fifth Third Bank | $185,000 | $600,000 | 224.3% | 0.0% |
BLUELEAF LENDING, LLC | $590,000 | n/a | 0.0% | |
ALTRA | $835,000 | $580,000 | -30.5% | 0.0% |
Fidelity Bank & Trust | $1,320,000 | $570,000 | -56.8% | 0.0% |
First Federal Bank of Kansas City | $2,340,000 | $565,000 | -75.9% | 0.0% |
Third Federal Savings and Loan Association of Cleveland | $570,000 | $565,000 | -0.9% | 0.0% |
First Bank | $725,000 | $560,000 | -22.8% | 0.0% |
Home Federal Savings Bank | $205,000 | $550,000 | 168.3% | 0.0% |
Amerifirst Financial, Inc. | $335,000 | $545,000 | 62.7% | 0.0% |
Bank Midwest | $6,210,000 | $545,000 | -91.2% | 0.0% |
Heartland Bank and Trust Company | $325,000 | $545,000 | 67.7% | 0.0% |
SPRING EQ, LLC | $2,065,000 | $545,000 | -73.6% | 0.0% |
Arbor Bank | $2,025,000 | $535,000 | -73.6% | 0.0% |
CANOPY MORTGAGE, LLC | $640,000 | $515,000 | -19.5% | 0.0% |
CASTLE & COOKE MORTGAGE, LLC | $315,000 | $510,000 | 61.9% | 0.0% |
Hiawatha National Bank | $505,000 | n/a | 0.0% | |
VELOCITY COMMERCIAL CAPITAL, LLC | $275,000 | $505,000 | 83.6% | 0.0% |
American Bank and Trust Company | $1,240,000 | $495,000 | -60.1% | 0.0% |
Hometown Lenders, Inc. | $495,000 | n/a | 0.0% | |
UNIVERSAL LENDING CORPORATION | $235,000 | $485,000 | 106.4% | 0.0% |
AmRes Corporation | $480,000 | n/a | 0.0% | |
Midstates Bank | $470,000 | n/a | 0.0% | |
Oxford Bank & Trust | $825,000 | $465,000 | -43.6% | 0.0% |
OCEANSIDE MORTGAGE COMPANY | $1,625,000 | $460,000 | -71.7% | 0.0% |
Manufacturers Bank & Trust Company | $650,000 | $455,000 | -30.0% | 0.0% |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $355,000 | $445,000 | 25.4% | 0.0% |
Landmark National Bank | $395,000 | $435,000 | 10.1% | 0.0% |
Community First National Bank | $920,000 | $430,000 | -53.3% | 0.0% |
HOMESTAR FINANCIAL CORPORATION | $430,000 | n/a | 0.0% | |
Alliant Bank | $425,000 | n/a | 0.0% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $295,000 | $420,000 | 42.4% | 0.0% |
CITY-COUNTY CREDIT UNION | $205,000 | $410,000 | 100.0% | 0.0% |
First Western Bank & Trust | $410,000 | n/a | 0.0% | |
LIBERTY HOME MORTGAGE CORPORATION | $410,000 | n/a | 0.0% | |
Midwest Bank | $410,000 | n/a | 0.0% | |
THOMPSON KANE & COMPANY, LLC | $115,000 | $410,000 | 256.5% | 0.0% |
BMO Harris Bank | $405,000 | n/a | 0.0% | |
NASA Federal Credit Union | $405,000 | n/a | 0.0% | |
SENB Bank | $325,000 | $405,000 | 24.6% | 0.0% |
First State Bank of St. Charles, Missouri | $315,000 | $380,000 | 20.6% | 0.0% |
Carrollton Bank | $195,000 | $375,000 | 92.3% | 0.0% |
Lincoln FSB of Nebraska | $705,000 | $375,000 | -46.8% | 0.0% |
American National Bank | $2,080,000 | $355,000 | -82.9% | 0.0% |
Better Banks | $355,000 | n/a | 0.0% | |
TRUSTONE FINANCIAL FEDERAL CREDIT UNION | $355,000 | n/a | 0.0% | |
Nations Lending Corporation | $155,000 | $350,000 | 125.8% | 0.0% |
TJC Mortgage, Inc. | $350,000 | n/a | 0.0% | |
CBI Bank & Trust | $1,810,000 | $340,000 | -81.2% | 0.0% |
Mount Vernon Bank and Trust Company | $5,265,000 | $340,000 | -93.5% | 0.0% |
Springfield First Community Bank | $340,000 | n/a | 0.0% | |
Texana Bank | $265,000 | $330,000 | 24.5% | 0.0% |
Liberty National Bank | $4,690,000 | $325,000 | -93.1% | 0.0% |
MORIA DEVELOPMENT, INC. | $955,000 | $325,000 | -66.0% | 0.0% |
Alerus Financial | $685,000 | $320,000 | -53.3% | 0.0% |
River Bank | $315,000 | n/a | 0.0% | |
WNB Financial, N.A. | $315,000 | n/a | 0.0% | |
Citizens State Bank | $3,175,000 | $305,000 | -90.4% | 0.0% |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $305,000 | n/a | 0.0% | |
GSF Mortgage Corporation | $775,000 | $305,000 | -60.6% | 0.0% |
Heritage Bank | $450,000 | $295,000 | -34.4% | 0.0% |
American Airlines Federal Credit Union | $95,000 | $290,000 | 205.3% | 0.0% |
Bloomsdale Bank | $285,000 | n/a | 0.0% | |
Five Points Bank | $515,000 | $285,000 | -44.7% | 0.0% |
RBC Bank, (Georgia) | $285,000 | n/a | 0.0% | |
TBK BANK, SSB | $285,000 | n/a | 0.0% | |
Triumph Bank | $450,000 | $285,000 | -36.7% | 0.0% |
WINGS FINANCIAL | $240,000 | $285,000 | 18.8% | 0.0% |
First Horizon Bank | $275,000 | n/a | 0.0% | |
INTELLILOAN, INC. | $275,000 | n/a | 0.0% | |
Truity Federal Credit Union | $275,000 | n/a | 0.0% | |
IMPAC MORTGAGE CORP. | $265,000 | n/a | 0.0% | |
The Union Bank Company | $265,000 | $265,000 | 0.0% | 0.0% |
FOUR POINTS | $910,000 | $260,000 | -71.4% | 0.0% |
Cambria Financial Group, LLC | $1,225,000 | $255,000 | -79.2% | 0.0% |
WESTERN VISTA | $255,000 | n/a | 0.0% | |
Access Bank | $285,000 | $245,000 | -14.0% | 0.0% |
City Bank | $245,000 | n/a | 0.0% | |
MAYO EMPLOYEES FEDERAL CREDIT UNION | $245,000 | n/a | 0.0% | |
PURDUE FEDERAL CREDIT UNION | $15,000 | $245,000 | 1,533.3% | 0.0% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $860,000 | $240,000 | -72.1% | 0.0% |
Black Hills Community Bank | $235,000 | n/a | 0.0% | |
Denver Savings Bank | $235,000 | n/a | 0.0% | |
Renasant Bank | $235,000 | n/a | 0.0% | |
SIOUXLAND FEDERAL CREDIT UNION | $235,000 | n/a | 0.0% | |
Equity Prime Mortgage LLC | $810,000 | $225,000 | -72.2% | 0.0% |
First Dakota National Bank | $225,000 | $225,000 | 0.0% | 0.0% |
The Bank of New Glarus | $225,000 | n/a | 0.0% | |
Auto Club Trust, FSB | $195,000 | $220,000 | 12.8% | 0.0% |
Cornerstone Bank | $215,000 | n/a | 0.0% | |
First PREMIER Bank | $235,000 | $215,000 | -8.5% | 0.0% |
Great Plains National Bank | $215,000 | n/a | 0.0% | |
Security First Bank | $215,000 | n/a | 0.0% | |
Mound City Bank | $205,000 | n/a | 0.0% | |
Quontic Bank | $225,000 | $205,000 | -8.9% | 0.0% |
The Home Loan Expert LLC | $205,000 | n/a | 0.0% | |
Bremer Bank | $370,000 | $195,000 | -47.3% | 0.0% |
Core Bank | $450,000 | $195,000 | -56.7% | 0.0% |
First Merchants Bank | $195,000 | n/a | 0.0% | |
V.I.P. MORTGAGE, INC. | $415,000 | $195,000 | -53.0% | 0.0% |
ACADEMY MORTGAGE CORPORATION | $430,000 | $190,000 | -55.8% | 0.0% |
ARC HOME LLC | $895,000 | $185,000 | -79.3% | 0.0% |
First Bank & Trust | $325,000 | $185,000 | -43.1% | 0.0% |
HOMEXPRESS MORTGAGE CORP. | $185,000 | n/a | 0.0% | |
FIDELITY BANK | $175,000 | n/a | 0.0% | |
Frontier Bank | $175,000 | n/a | 0.0% | |
NUMARK CREDIT UNION | $35,000 | $175,000 | 400.0% | 0.0% |
Reliabank Dakota | $175,000 | n/a | 0.0% | |
WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $405,000 | $175,000 | -56.8% | 0.0% |
DOMINION FINANCIAL SERVICES, LLC | $85,000 | $170,000 | 100.0% | 0.0% |
ASSEMBLIES OF GOD Credit Union | $345,000 | $165,000 | -52.2% | 0.0% |
Farmers & Merchants Savings Bank | $870,000 | $165,000 | -81.0% | 0.0% |
AMERICAN FINANCIAL RESOURCES, INC. | $1,980,000 | $155,000 | -92.2% | 0.0% |
Blue Grass Savings Bank | $155,000 | n/a | 0.0% | |
Capital Bank | $165,000 | $155,000 | -6.1% | 0.0% |
Liberty Savings Bank, F.S.B. | $155,000 | n/a | 0.0% | |
THE ANDERSON FINANCIAL GROUP, INC. | $155,000 | n/a | 0.0% | |
The Dart Bank | $155,000 | n/a | 0.0% | |
UNITED | $155,000 | n/a | 0.0% | |
Dubuque Bank and Trust Company | $150,000 | n/a | 0.0% | |
INTERSTATE HOME LOAN CENTER, INC. | $350,000 | $145,000 | -58.6% | 0.0% |
STANFORD Federal Credit Union | $175,000 | $145,000 | -17.1% | 0.0% |
Kerndt Brothers Savings Bank | $170,000 | $140,000 | -17.6% | 0.0% |
NATIONWIDE MORTGAGE BANKERS, INC. | $115,000 | $135,000 | 17.4% | 0.0% |
Origin Bank | $125,000 | $135,000 | 8.0% | 0.0% |
Royal Bank | $135,000 | n/a | 0.0% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $690,000 | $125,000 | -81.9% | 0.0% |
SOUTHWEST FUNDING, LP | $125,000 | n/a | 0.0% | |
First American Bank | $1,890,000 | $115,000 | -93.9% | 0.0% |
Visio Financial Services Inc. | $115,000 | n/a | 0.0% | |
American Mortgage & Equity Consultants, Inc. | $330,000 | $105,000 | -68.2% | 0.0% |
INLAND BANK & TRUST | $105,000 | n/a | 0.0% | |
STAR USA FEDERAL CREDIT UNION | $100,000 | n/a | 0.0% | |
ASCENTRA | $220,000 | $95,000 | -56.8% | 0.0% |
EASTMAN | $95,000 | n/a | 0.0% | |
First National Bank of America | $570,000 | $95,000 | -83.3% | 0.0% |
Grand Bank for Savings, FSB | $95,000 | n/a | 0.0% | |
METRO CU | $95,000 | n/a | 0.0% | |
Signature Federal Credit Union | $95,000 | n/a | 0.0% | |
QUORUM FEDERAL CREDIT UNION | $90,000 | n/a | 0.0% | |
CORNERSTONE HOME LENDING, INC. | $675,000 | $75,000 | -88.9% | 0.0% |
UNITED HOME LOANS, INC. | $75,000 | n/a | 0.0% | |
Academy Bank | $65,000 | n/a | 0.0% | |
Think Mutual Bank | $990,000 | $65,000 | -93.4% | 0.0% |
Cedar Rapids Bank and Trust Company | $21,830,000 | $55,000 | -99.7% | 0.0% |
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
State Department Federal Credit Union | $55,000 | n/a | 0.0% | |
SOUTHWEST STAGE FUNDING, LLC | $45,000 | n/a | 0.0% | |
Home Loan Investment Bank, F.S.B. | $100,000 | $40,000 | -60.0% | 0.0% |
Elements Financial Federal Credit Union | $35,000 | n/a | 0.0% | |
GREAT LAKES | $35,000 | n/a | 0.0% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $60,000 | $25,000 | -58.3% | 0.0% |
DES MOINES - WEST DES MOINES's top lender by overall market share is GREENSTATE CREDIT UNION, with 9.3% market share. In second place, with 6.2%, is Luana Savings Bank, having originated $569,675,000 in loans. In third place, with 6.0%, is VERIDIAN CREDIT UNION, having originated $554,035,000 in loans. In third place, with 5.0%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $462,225,000 in loans. In third place, with 4.5%, is Wells Fargo Bank, having originated $416,740,000 in loans.
DES MOINES-WEST DES MOINES, IA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 16,932 | $4,376,770,000 | $258,491 |
Refi | 15,133 | $3,280,385,000 | $216,770 |
Cash Out Refi | 6,095 | $1,262,295,000 | $207,103 |
Home Improvement | 1,614 | $111,740,000 | $69,232 |
Other | 1,477 | $142,685,000 | $96,605 |
NA | 4 | $390,000 | $97,500 |
Des Moines - West Des Moines's most frequently cited loan purpose was Home Purchase, with 16,932 originations. The 2nd most popular reason was Refi, with 15,133 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 16,957 | $3,923,275,000 | $231,366 |
3-4% | 11,866 | $2,767,520,000 | $233,231 |
<2.5% | 9,209 | $1,980,975,000 | $215,113 |
4-5% | 1,514 | $216,560,000 | $143,038 |
5-6% | 668 | $63,100,000 | $94,461 |
6-7% | 206 | $16,730,000 | $81,214 |
7-8% | 133 | $11,435,000 | $85,977 |
Over 8% | 111 | $8,445,000 | $76,081 |
During 2021, Des Moines - West Des Moines's most frequently originated rate bucket was 2.5-3%, with 16,957 originations.
Loan Sizing (DES MOINES-WEST DES MOINES, IA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 15,565 | $2,351,045,000 | $151,047 |
$200k-400k | 15,517 | $4,196,145,000 | $270,422 |
$100,000 or less | 7,433 | $422,475,000 | $56,838 |
$400k-600k | 2,220 | $1,051,660,000 | $473,721 |
$600k-1000k | 314 | $228,660,000 | $728,217 |
$Over $1MM | 206 | $924,280,000 | $4,486,796 |
DES MOINES - WEST DES MOINES's loan sizing saw the bucket of loans from $100k-200k with 15,565 originations, totaling $2,351,045,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 14,846 | $3,612,310,000 | $243,319 |
60-80% | 13,580 | $3,628,630,000 | $267,204 |
40-60% | 5,134 | $991,230,000 | $193,072 |
Under 20% | 3,162 | $158,920,000 | $50,259 |
20-40% | 2,689 | $306,335,000 | $113,922 |
Over 100% | 288 | $98,630,000 | $342,465 |
DES MOINES - WEST DES MOINES's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 14,846 originations, totaling $3,612,310,000 in origination value.