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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
GREENSTATE CREDIT UNION 1,084 6.38% $1,946
VERIDIAN CREDIT UNION 590 6.27% $1,979
IOWA BANKERS MORTGAGE CORPORATION 466 6.39% $2,641
Community Choice Credit Union 383 6.22% $2,470
BROKER SOLUTIONS, INC. 355 6.86% $3,887
Northwest Bank 286 6.49% $3,477
GERSHMAN INVESTMENT CORP. 258 6.51% $3,184
Fortress Bank 244 6.63% $3,158
Luana Savings Bank 228 6.47% $1,398
DHI MORTGAGE COMPANY, LTD. 221 5.80% $3,727
HOMESERVICES LENDING, LLC 215 6.88% $4,457
U.S. Bank 179 6.71% $3,074
QUICKEN LOANS, LLC 179 6.73% $5,749
Barrington Bank & Trust Company, N.A. 168 6.68% $3,954
UNITED WHOLESALE MORTGAGE, LLC 165 6.56% $5,401
Wells Fargo Bank 130 6.52% $3,913
Central Bank 123 6.16% $3,145
Lincoln Savings Bank 108 6.57% $3,843
Bank Iowa 107 6.66% $3,538
HOMESIDE FINANCIAL, LLC 104 6.87% $3,207
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 91 6.95% $3,587
GUILD MORTGAGE COMPANY 87 6.77% $3,998
Truist 85 6.66% $5,900
GUARANTEED RATE, INC. 82 6.62% $5,533
Deere Employees Credit Union 67 6.00% $2,339
Bankers Trust Company 61 5.93% $2,177
MOVEMENT MORTGAGE, LLC 59 6.70% $4,597
The Central Trust Bank 57 6.77% $3,594
Premier Credit Union 54 6.58% $4,882
FIRST COMMUNITY MORTGAGE, INC. 47 6.57% $4,479
Bank 46 5.46% $3,113
Farmers State Bank 44 6.44% $2,171
FRONTIER FINANCIAL, INC. 41 6.66% $3,286
LAND HOME FINANCIAL SERVICES, INC. 41 6.69% $6,924
PLAZA HOME MORTGAGE, INC. 38 6.49% $3,628
AMERICAN PACIFIC MORTGAGE CORPORATION 35 6.87% $5,795
CMG MORTGAGE, INC. 35 6.82% $4,549
JPMorgan Chase Bank 33 6.50% $2,306
West Gate Bank 33 6.39% $2,518
GREATER IOWA CREDIT UNION 33 6.37% $2,049
STOCKTON MORTGAGE CORPORATION 31 6.77% $5,297
DUPACO COMMUNITY 31 6.29% $2,950
NEWREZ LLC 27 6.96% $5,153
CARDINAL FINANCIAL 25 6.80% $5,618
FINANCIAL PLUS Credit Union 25 5.97% $2,241
MARINE 23 9.43% $5,492
Great Southern Bank 21 6.46% $3,417
Plains Commerce Bank 19 6.80% $4,597
ENVOY MORTGAGE, LTD 18 6.90% $3,104
JMAC LENDING, INC. 18 7.12% $4,295
Mr. Cooper ( Nationstar Mortgage ) 18 6.83% $6,488
Flagstar Bank, FSB 18 6.74% $4,168
Bank of America 17 6.33% $1,853
I. H. MISSISSIPPI VALLEY CREDIT UNION 17 5.99% $4,308
COMMUNITY 1ST CREDIT UNION 16 6.92% $2,319
Tradesmen Community Credit Union 16 6.75% $4,373
Farm Credit Mid-America, ACA 15 7.11% $6,900
PENNYMAC LOAN SERVICES, LLC 15 6.54% $5,356
AmeriHome Mortgage Company, LLC 14 6.80% $4,729
Morgan Stanley Private Bank 14 6.10% $3,251
Collins Community Credit Union 13 6.56% $2,188
The Loan Store, Inc. 13 6.96% $4,526
MUTUAL OF OMAHA MORTGAGE, INC. 12 6.63% $3,098
NAVY FEDERAL CREDIT UNION 12 5.98% $3,038
COMPASS MORTGAGE, INC. 11 6.68% $5,244
BMO Harris Bank 10 6.83% $3,600
PREMIA MORTGAGE, LLC 9 6.47% $1,392
Sierra Pacific Mortgage Company, Inc. 8 7.00% $4,579
Carrington Mortgage Services, LLC 8 7.00% $6,888
LOANDEPOT.COM, LLC 8 6.65% $7,268
NBKC BANK 8 6.98% $2,236
Hills Bank and Trust Company 8 6.56% $1,722
First Interstate Bank 8 6.72% $3,115
V.I.P. MORTGAGE, INC. 7 6.84% $6,095
FREEDOM MORTGAGE CORPORATION 7 7.23% $3,869
Fidelity Bank & Trust 6 6.78% $2,169
PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.45% $3,473
ROYAL UNITED MORTGAGE LLC 6 6.98% $8,726
The Huntington National Bank 6 7.17% $4,172
MidWestOne Bank 6 6.69% $3,271
CROSSCOUNTRY MORTGAGE, LLC 6 7.12% $4,595
NEXERA HOLDING LLC 5 8.30% $6,186
USAA Federal Savings Bank 5 6.60% $3,950
Contract Exchange Corporation 5 9.80% $1,221
PNC Bank 5 6.88% $5,219
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 6.75% $5,082
PHH Mortgage Corporation 4 7.34% $4,203
CHURCHILL MORTGAGE CORPORATION 4 7.15% $4,476
Two Rivers Bank & Trust 4 7.56% $1,764
Mortgage Research Center, LLC 4 6.81% $2,652
RUHL MORTGAGE, LLC 4 6.38% $2,644
FLAT BRANCH MORTGAGE, INC. 4 6.91% $3,403
Ally Bank 4 6.94% $8,533
LEADERONE FINANCIAL CORPORATION 3 6.63% $4,588
Waterstone Mortgage Corporation 3 6.46% $8,873
United Bank of Iowa 3 6.63% $3,816
UNION HOME MORTGAGE CORP. 3 7.08% $5,575
First Class Community Credit Union 3 6.17% $4,436
First National Bank of Omaha 3 6.63% $3,505
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.58% $3,289
Century Mortgage Company DBA Century Lending Company 3 6.00% $6,318
Stifel Bank and Trust 3 6.08% $2,226
CHEVRON 3 6.08% $477
ENDEAVOR CAPITAL, LLC. 3 7.17% $7,340
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.83% $6,507
RESIDENTIAL MORTGAGE NETWORK, INC. 3 7.08% $2,651
Regions Bank 3 6.46% $3,983
Bell Bank 3 7.04% $4,492
LINN AREA 3 6.17% $2,108
BAY EQUITY LLC 2 6.50% $4,785
Fifth Third Bank 2 6.68% $3,236
DEEPHAVEN MORTGAGE LLC 2 8.13% $5,779
State Department Federal Credit Union 2 6.75% $3,763
Goldman Sachs Bank USA 2 6.83% $1,943
Bankers' Bank 2 6.56% $4,419
LAKEVIEW LOAN SERVICING, LLC 2 6.81% $6,452
Summit Mortgage Corporation 2 6.38% $4,674
BETTER MORTGAGE CORPORATION 2 6.13% $7,630
GENEVA FINANCIAL, LLC 2 7.19% $5,527
American Mortgage & Equity Consultants, Inc. 2 7.81% $6,542
ZILLOW HOME LOANS, LLC 2 6.56% $3,939
Charles Schwab Bank, SSB 2 6.00% $3,701
Paramount Residential Mortgage Group, Inc. 2 6.63% $4,331
Old National Bank 2 6.81% $2,708
Texana Bank 2 6.00% $4,570
MEMBERS1st Community Credit Union 2 6.44% $12,571
MICHIGAN MUTUAL, INC. 2 6.31% $6,774
MID AMERICA MORTGAGE, INC. 2 6.81% $2,738
Northpointe Bank 2 6.06% $3,127
THE ANDERSON FINANCIAL GROUP, INC. 2 6.19% $2,326
NFM, INC. 2 7.38% $6,058
Baxter Credit Union 2 6.56% $4,080
Citibank 2 5.88% $4,727
Serve Credit Union 2 7.31% $5,186
Farmers State Bank 2 6.13% $1,876
SIRVA MORTGAGE, INC. 2 7.06% $1,315
Midwest Mortgage Associates Corporation 1 6.38% $0
Access Bank 1 7.50% $2,755
American Airlines Federal Credit Union 1 6.00% $0
American Mortgage Bank, LLC 1 6.88% $3,175
AMERISAVE MORTGAGE CORPORATION 1 6.38% $9,556
AmRes Corporation 1 7.63% $10,864
ANGEL OAK MORTGAGE SOLUTIONS LLC 1 7.25% $4,659
Arbor Bank 1 6.50% $2,528
AXIA FINANCIAL, LLC 1 7.25% $9,549
Axos Bank 1 6.50% $1,800
Bank First, N.A. 1 6.63% $2,215
BOKF 1 6.63% $6,575
CANOPY MORTGAGE, LLC 1 6.88% $3,044
CBI Bank & Trust 1 6.50% $2,834
CHARTER WEST BANK 1 7.50% $3,560
CITIZENS EQUITY FIRST 1 6.50% $5,033
Commerce Home Mortgage, Inc. 1 8.25% $10,418
COMMUNITYAMERICA 1 5.88% $2,723
Cornerstone First Mortgage, Inc 1 6.38% $6,680
CORNERSTONE HOME LENDING, INC. 1 6.63% $19,658
Dacotah Bank 1 6.75% $4,709
DAS Acquisition Company, LLC 1 7.99% $2,697
EMBRACE HOME LOANS, INC. 1 6.99% $2,822
Fidelity Bank 1 6.88% $3,229
Financial Funding Solutions, Inc. 1 6.99% $3,095
First Bank 1 7.25% $2,543
First Federal Bank 1 5.75% $3,107
First National Bank of America 1 11.88% $6,318
First State Bank 1 6.88% $3,060
First State Bank of St. Charles, Missouri 1 6.63% $4,431
FIRST STATE MORTGAGE SERVICES, LLC 1 6.99% $3,089
Flanagan State Bank 1 6.75% $7,216
FOOTHILLS 1 6.13% $8,210
Frandsen Bank & Trust 1 4.75% $2,490
GAS AND ELECTRIC CREDIT UNION 1 6.13% $3,882
Gateway First Bank 1 6.50% $3,193
General Mortgage Capital Corporation 1 6.50% $6,881
GUARANTEED RATE AFFINITY, LLC 1 6.95% $1,640
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.63% $4,719
HOMESTEAD FUNDING CORP. 1 5.63% $3,153
Hometown Equity Mortgage, LLC 1 8.88% $6,264
HOMEXPRESS MORTGAGE CORP. 1 8.63% $6,811
ILLINOIS STATE CREDIT UNION 1 6.13% $1,950
INTERSTATE HOME LOAN CENTER, INC. 1 7.63% $3,796
Lakeview Community Capital, LLC 1 6.63% $5,868
LENOX FINANCIAL MORTGAGE CORPORATION 1 7.00% $8,766
MAYO EMPLOYEES FEDERAL CREDIT UNION 1 6.63% $5,673
Academy Bank 1 6.63% $2,835
MORTGAGE ACCESS CORP. 1 7.13% $2,958
M&T Bank 1 6.88% $3,563
NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $3,375
OAKTREE FUNDING CORP. 1 8.88% $1,577
OCMBC, INC. 1 7.38% $11,357
OPEN MORTGAGE, LLC 1 6.99% $6,943
Pinnacle Bank 1 6.49% $2,294
QUORUM FEDERAL CREDIT UNION 1 7.63% $2,843
Raymond James Bank 1 5.75% $3,714
Reliabank Dakota 1 6.38% $2,906
R.I.A. Federal Credit Union 1 6.00% $2,601
RUOFF MORTGAGE COMPANY, INC. 1 6.00% $7,172
Servion, Inc. 1 6.50% $3,645
SIOUXLAND FEDERAL CREDIT UNION 1 6.00% $6,188
Sullivan Bank 1 7.75% $2,229
THE FAMILY CREDIT UNION 1 7.00% $2,763
Think Mutual Bank 1 6.75% $4,152
THOMPSON KANE & COMPANY, LLC 1 6.88% $3,281
TOWN AND COUNTRY Credit Union 1 7.00% $7,950
Tradition Mortgage, LLC 1 6.99% $3,660
Union Bank and Trust Company 1 6.75% $2,751
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.13% $2,332
WINGS FINANCIAL 1 5.00% $1,531

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.