Fort Dodge Mortgage Rates

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

    30 Year Fixed Rate mortgages in Fort Dodge averaged 5.7% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

    The average rate for the prior week (2022-06-23) was 5.81% and one month ago for the week of 2022-05-26, the average rate was 5.2%.

    Fort Dodge's average rate one year ago was 3.26%.

    For refis of the same type during the week of 2022-06-30, the average rate was 6.07%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Fort Dodge 30 Year Fixed Rate 2022-06-30 5.7%
    Fort Dodge 30 Year Fixed Rate Refi 2022-06-30 6.07%
    Fort Dodge 15 Year Fixed Rate 2022-06-30 5.4%
    Fort Dodge 15 Year Fixed Rate Refi 2022-06-30 5.05%
    Fort Dodge 30 Year FHA 2022-06-30 5.5%
    Fort Dodge 30 Year FHA Refi 2022-06-30 6.42%
    Fort Dodge 30 Year USDA 2022-06-30 5.43%
    Fort Dodge 30 Year VA 2022-06-30 5.74%
    Fort Dodge 30 Year VA Refi 2022-06-30 5.46%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fort Dodge, IA.

    Fort Dodge 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 Fort Dodge, IA market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    GREENSTATE CREDIT UNION 131 3.09% $1,783
    Northwest Bank 68 3.12% $2,322
    IOWA BANKERS MORTGAGE CORPORATION 55 2.98% $1,913
    FRONTIER FINANCIAL, INC. 26 3.19% $2,548
    Wells Fargo Bank 17 3.20% $2,290
    United Bank of Iowa 14 3.38% $2,185
    QUICKEN LOANS, LLC 14 3.17% $4,649
    Great Western Bank 12 3.29% $2,419
    LAND HOME FINANCIAL SERVICES, INC. 8 3.00% $4,069
    GERSHMAN INVESTMENT CORP. 6 3.27% $2,124
    LOANDEPOT.COM, LLC 4 2.75% $4,138
    Farm Credit Mid-America, ACA 4 3.29% $9,580
    AMERISAVE MORTGAGE CORPORATION 3 3.54% $3,249
    Lincoln Savings Bank 3 3.04% $2,580
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 3.00% $2,790
    U.S. Bank 3 3.00% $2,609
    JPMorgan Chase Bank 2 3.31% $1,016
    CHURCHILL MORTGAGE CORPORATION 2 3.06% $4,487
    HOMESIDE FINANCIAL, LLC 2 2.81% $2,672
    Servion, Inc. 2 3.50% $4,554
    INLANTA MORTGAGE, INC. 2 2.94% $2,640
    Bank Iowa 2 3.38% $1,710
    West Gate Bank 1 3.00% $2,241
    Arvest Bank 1 3.75% $999
    Bankers' Bank 1 3.13% $3,314
    Bank Midwest 1 3.10% $3,027
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 3.25% $2,980
    Colonial Savings, F.A. 1 4.00% $3,099
    CORTRUST MORTGAGE, INC. 1 2.63% $4,723
    Deere Employees Credit Union 1 3.25% $2,628
    GUILD MORTGAGE COMPANY 1 2.99% $2,343
    Ixonia Bank 1 3.38% $3,086
    Luana Savings Bank 1 2.63% $1,024
    Midwest BankCentre 1 3.00% $2,343
    Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $4,827
    NEWREZ LLC 1 2.99% $4,857
    North American Savings Bank, F.S.B. 1 2.88% $2,064
    PENNYMAC LOAN SERVICES, LLC 1 3.37% $5,532
    Raccoon Valley Bank 1 3.00% $1,591
    Regions Bank 1 3.38% $4,803
    The Huntington National Bank 1 3.00% $2,884
    Truist Bank 1 3.25% $3,406
    VERIDIAN CREDIT UNION 1 3.00% $1,277

    Fort Dodge, IA's 43 lenders originated 1,146 loans during 2021. The total origination value was $143,980,000, with an average loan value of $125,637.

    The top Fort Dodge lender as defined by loan originations is GREENSTATE CREDIT UNION, with 131 loans originated. Their average total fees are $1,783, which is $538 lower than the next largest lender, Northwest Bank.

    The lowest fee Fort Dodge lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($1,783), IOWA BANKERS MORTGAGE CORPORATION ($1,913), United Bank of Iowa ($2,185), Wells Fargo Bank ($2,290) and Northwest Bank ($2,322).

    The lowest rate Fort Dodge lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION (2.98%), GREENSTATE CREDIT UNION (3.09%), Northwest Bank (3.12%), QUICKEN LOANS, LLC (3.17%) and FRONTIER FINANCIAL, INC. (3.19%).

    Fort Dodge, 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 $17,805,000 $29,530,000 65.9% 20.5%
    Northwest Bank $33,525,000 $24,620,000 -26.6% 17.1%
    IOWA BANKERS MORTGAGE CORPORATION $12,770,000 $14,015,000 9.7% 9.7%
    FRONTIER FINANCIAL, INC. $12,230,000 $9,750,000 -20.3% 6.8%
    QUICKEN LOANS, LLC $6,465,000 $8,325,000 28.8% 5.8%
    Arbor Realty Trust, Inc. $6,105,000 n/a 4.2%
    Wells Fargo Bank $6,760,000 $5,605,000 -17.1% 3.9%
    Availa Bank $3,070,000 $4,485,000 46.1% 3.1%
    Great Western Bank $9,850,000 $4,150,000 -57.9% 2.9%
    LAND HOME FINANCIAL SERVICES, INC. $1,360,000 $3,115,000 129.0% 2.2%
    United Bank of Iowa $2,390,000 $2,565,000 7.3% 1.8%
    Farm Credit Mid-America, ACA $985,000 $2,375,000 141.1% 1.6%
    FREEDOM MORTGAGE CORPORATION $1,170,000 $2,105,000 79.9% 1.5%
    Mr. Cooper ( Nationstar Mortgage ) $530,000 $1,315,000 148.1% 0.9%
    GERSHMAN INVESTMENT CORP. $210,000 $1,290,000 514.3% 0.9%
    LOANDEPOT.COM, LLC $455,000 $1,245,000 173.6% 0.9%
    Bank Iowa $465,000 $1,175,000 152.7% 0.8%
    Lincoln Savings Bank $1,085,000 $935,000 -13.8% 0.6%
    CHURCHILL MORTGAGE CORPORATION $840,000 n/a 0.6%
    NAVY FEDERAL CREDIT UNION $145,000 $840,000 479.3% 0.6%
    Mortgage Research Center, LLC $500,000 $810,000 62.0% 0.6%
    Green Belt Bank & Trust $565,000 $800,000 41.6% 0.6%
    21ST MORTGAGE CORPORATION $410,000 $790,000 92.7% 0.5%
    U.S. Bank $1,500,000 $755,000 -49.7% 0.5%
    Ixonia Bank $720,000 n/a 0.5%
    Pinnacle Bank $655,000 n/a 0.5%
    USAA Federal Savings Bank $950,000 $640,000 -32.6% 0.4%
    Community Choice Credit Union $65,000 $620,000 853.8% 0.4%
    JPMorgan Chase Bank $590,000 n/a 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $310,000 $545,000 75.8% 0.4%
    Servion, Inc. $725,000 $515,000 -29.0% 0.4%
    PENNYMAC LOAN SERVICES, LLC $510,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $500,000 n/a 0.3%
    EVANSVILLE TEACHERS $445,000 n/a 0.3%
    Orrstown Bank $445,000 n/a 0.3%
    INLANTA MORTGAGE, INC. $230,000 $435,000 89.1% 0.3%
    Bank of the West $415,000 n/a 0.3%
    Luana Savings Bank $295,000 $405,000 37.3% 0.3%
    GUILD MORTGAGE COMPANY $210,000 $400,000 90.5% 0.3%
    HOMESIDE FINANCIAL, LLC $280,000 $400,000 42.9% 0.3%
    GNB Bank $270,000 $380,000 40.7% 0.3%
    CALIBER HOME LOANS, INC. $145,000 $350,000 141.4% 0.2%
    The Huntington National Bank $335,000 n/a 0.2%
    Colonial Savings, F.A. $315,000 n/a 0.2%
    Deere Employees Credit Union $410,000 $310,000 -24.4% 0.2%
    Bankers' Bank $300,000 n/a 0.2%
    First Bank $510,000 $300,000 -41.2% 0.2%
    Flanagan State Bank $300,000 n/a 0.2%
    MEMBERS1st Community Credit Union $275,000 n/a 0.2%
    Raccoon Valley Bank $455,000 $270,000 -40.7% 0.2%
    First Internet Bank of Indiana $265,000 n/a 0.2%
    NEWREZ LLC $250,000 $265,000 6.0% 0.2%
    Carrington Mortgage Services, LLC $55,000 $255,000 363.6% 0.2%
    VERIDIAN CREDIT UNION $610,000 $255,000 -58.2% 0.2%
    Bankers Trust Company $215,000 $245,000 14.0% 0.2%
    CORTRUST MORTGAGE, INC. $235,000 n/a 0.2%
    Midwest Heritage Bank FSB $590,000 $235,000 -60.2% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $620,000 $205,000 -66.9% 0.1%
    Bank Midwest $195,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $185,000 n/a 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $185,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $155,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $150,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $150,000 n/a 0.1%
    West Gate Bank $145,000 n/a 0.1%
    DUPACO COMMUNITY $210,000 $140,000 -33.3% 0.1%
    Mound City Bank $135,000 n/a 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $135,000 n/a 0.1%
    VILLAGE CAPITAL & INVESTMENT LLC $125,000 $135,000 8.0% 0.1%
    AMCAP MORTGAGE, LTD. $125,000 n/a 0.1%
    Arvest Bank $125,000 n/a 0.1%
    LAKEVIEW LOAN SERVICING, LLC $105,000 $125,000 19.0% 0.1%
    North American Savings Bank, F.S.B. $125,000 n/a 0.1%
    Regions Bank $115,000 n/a 0.1%
    Peoples Bank $95,000 n/a 0.1%
    VisionBank of Iowa $95,000 n/a 0.1%
    Truist Bank $85,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $125,000 $75,000 -40.0% 0.1%
    InterContinental Capital Group, Inc $75,000 n/a 0.1%
    Midwest BankCentre $65,000 n/a 0.0%
    RUOFF MORTGAGE COMPANY, INC. $65,000 n/a 0.0%
    Figure Lending LLC $55,000 n/a 0.0%
    First Guaranty Mortgage Corporation $55,000 n/a 0.0%
    MARINE $55,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $45,000 n/a 0.0%
    Community State Bank $15,000 n/a 0.0%

    Fort Dodge's top lender by overall market share is GREENSTATE CREDIT UNION, with 20.5% market share. In second place, with 17.1%, is Northwest Bank, having originated $24,620,000 in loans. In third place, with 9.7%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $14,015,000 in loans. In third place, with 6.8%, is FRONTIER FINANCIAL, INC., having originated $9,750,000 in loans. In third place, with 5.8%, is QUICKEN LOANS, LLC, having originated $8,325,000 in loans.

    Fort Dodge, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 551 $71,965,000 $130,608
    Refi 326 $38,930,000 $119,417
    Cash Out Refi 176 $27,340,000 $155,341
    Home Improvement 63 $2,945,000 $46,746
    Other 30 $2,800,000 $93,333

    Fort Dodge's most frequently cited loan purpose was Home Purchase, with 551 originations. The 2nd most popular reason was Refi, with 326 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 389 $53,725,000 $138,111
    3-4% 385 $51,325,000 $133,312
    <2.5% 215 $25,515,000 $118,674
    4-5% 52 $4,690,000 $90,192
    5-6% 25 $1,425,000 $57,000
    6-7% 10 $840,000 $84,000
    Over 8% 8 $280,000 $35,000
    7-8% 4 $200,000 $50,000

    During 2021, Fort Dodge's most frequently originated rate bucket was 2.5-3%, with 389 originations.

    Loan Sizing (Fort Dodge, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 561 $34,035,000 $60,668
    $100k-200k 437 $61,535,000 $140,812
    $200k-400k 129 $32,325,000 $250,581
    $400k-600k 13 $6,085,000 $468,077
    $600k-1000k 5 $3,895,000 $779,000
    $Over $1MM 1 $6,105,000 $6,105,000

    Fort Dodge's loan sizing saw the bucket of loans from $100,000 or less with 561 originations, totaling $34,035,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 479 $66,565,000 $138,967
    60-80% 319 $48,385,000 $151,677
    40-60% 115 $11,955,000 $103,957
    20-40% 72 $4,430,000 $61,528
    Under 20% 67 $1,635,000 $24,403
    Over 100% 5 $1,295,000 $259,000

    Fort Dodge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 479 originations, totaling $66,565,000 in origination value.

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fort Dodge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $104,900 (38.1%) $137,893 (18.3%) 0.00 149
    2018-02-01 $109,750 (46.5%) $140,852 (26.1%) 0.00 145
    2018-03-01 $111,000 (45.3%) $141,405 (21.7%) 0.00 141
    2018-04-01 $117,250 (48.4%) $147,467 (18.4%) 0.00 154
    2018-05-01 $120,950 (47.1%) $148,412 (17.0%) 0.00 152
    2018-06-01 $115,000 (33.4%) $141,357 (14.0%) 0.00 169
    2018-07-01 $107,200 (26.9%) $137,493 (10.7%) 0.00 172
    2018-08-01 $110,000 (22.4%) $141,252 (4.4%) 0.00 185
    2018-09-01 $109,900 (11.0%) $137,368 (-2.9%) 0.00 195
    2018-10-01 $109,900 (5.0%) $138,134 (-2.5%) 0.00 187
    2018-11-01 $109,999 (6.3%) $136,764 (-5.2%) 0.00 180
    2018-12-01 $119,900 (20.0%) $136,538 (0.6%) 0.00 172
    2019-01-01 $121,400 (15.7%) $140,845 (2.1%) 0.00 162
    2019-02-01 $125,200 (14.1%) $141,591 (0.5%) 0.00 137
    2019-03-01 $123,329 (11.1%) $144,306 (2.1%) 0.00 125
    2019-04-01 $119,900 (2.3%) $142,058 (-3.7%) 0.00 136
    2019-05-01 $119,900 (-0.9%) $147,192 (-0.8%) 0.00 146
    2019-06-01 $114,900 (-0.1%) $147,260 (4.2%) 0.00 149
    2019-07-01 $116,400 (8.6%) $548,927 (299.2%) 0.00 157
    2019-08-01 $107,286 (-2.5%) $372,323 (163.6%) 0.00 158
    2019-09-01 $99,000 (-9.9%) $134,734 (-1.9%) 0.00 156
    2019-10-01 $112,450 (2.3%) $134,190 (-2.9%) 0.00 162
    2019-11-01 $104,900 (-4.6%) $129,864 (-5.1%) 0.00 152
    2019-12-01 $104,700 (-12.7%) $130,346 (-4.5%) 0.00 149
    2020-01-01 $116,950 (-3.7%) $138,348 (-1.8%) 0.00 133
    2020-02-01 $124,900 (-0.2%) $142,540 (0.7%) 0.00 131
    2020-03-01 $129,200 (4.8%) $157,108 (8.9%) 0.00 135
    2020-04-01 $130,950 (9.2%) $157,798 (11.1%) 0.00 125
    2020-05-01 $144,000 (20.1%) $171,630 (16.6%) 0.00 113
    2020-06-01 $140,950 (22.7%) $168,598 (14.5%) 0.00 112
    2020-07-01 $149,900 (28.8%) $173,061 (-68.5%) 0.00 104
    2020-08-01 $129,900 (21.1%) $169,270 (-54.5%) 0.00 101
    2020-09-01 $128,750 (30.1%) $161,889 (20.2%) 0.00 93
    2020-10-01 $139,900 (24.4%) $167,919 (25.1%) 0.00 104
    2020-11-01 $139,900 (33.4%) $173,603 (33.7%) 0.00 97
    2020-12-01 $139,900 (33.6%) $175,138 (34.4%) 0.00 95
    2021-01-01 $139,900 (19.6%) $189,602 (37.1%) 0.00 89
    2021-02-01 $135,000 (8.1%) $188,596 (32.3%) 0.00 78
    2021-03-01 $163,700 (26.7%) $194,676 (23.9%) 0.00 72
    2021-04-01 $159,900 (22.1%) $183,768 (16.5%) 0.00 61
    2021-05-01 $159,900 (11.0%) $188,085 (9.6%) 0.00 58
    2021-06-01 $143,900 (2.1%) $188,660 (11.9%) 0.00 63
    2021-07-01 $139,000 (-7.3%) $183,069 (5.8%) 0.00 68
    2021-08-01 $128,450 (-1.1%) $181,173 (7.0%) 0.00 65
    2021-09-01 $124,950 (-3.0%) $171,743 (6.1%) 0.00 69
    2021-10-01 $135,000 (-3.5%) $173,621 (3.4%) 0.00 74
    2021-11-01 $129,950 (-7.1%) $168,472 (-3.0%) 0.00 67
    2021-12-01 $137,450 (-1.8%) $168,621 (-3.7%) 0.00 64
    2022-01-01 $130,000 (-7.1%) $165,823 (-12.5%) 0.00 57
    2022-02-01 $118,700 (-12.1%) $155,049 (-17.8%) 0.00 52
    2022-03-01 $152,450 (-6.9%) $203,343 (4.5%) 0.00 55
    2022-04-01 $164,900 (3.1%) $194,590 (5.9%) 0.00 53
    2022-05-01 $143,950 (-10.0%) $182,328 (-3.1%) 0.00 58
    2022-06-01 $144,700 (0.6%) $183,181 (-2.9%) 0.00 66
    Fort Dodge's median listing price for 2022-06-01 was $144,700, a difference of $800 (0.6%) versus the prior year and $750 versus the prior month.

    Fort Dodge's median listing price comes in at 0% of the national average.

    Fort Dodge's average listing price for 2022-06-01 was $183,181, a difference of $-5,479 (-2.9%) versus the prior year and $853 versus the prior month.

    For the 2022-06-01 period, Fort Dodge had 66 MLS listings, a difference of 8 listings (14%) versus the prior month and 3 listings (5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Dodge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,402 sqft
    2018-02-01 0 days 1,400 sqft
    2018-03-01 0 days 1,404 sqft
    2018-04-01 0 days 1,471 sqft
    2018-05-01 0 days 1,492 sqft
    2018-06-01 0 days 1,515 sqft
    2018-07-01 0 days 1,520 sqft
    2018-08-01 0 days 1,523 sqft
    2018-09-01 0 days 1,476 sqft
    2018-10-01 0 days 1,491 sqft
    2018-11-01 0 days 1,483 sqft
    2018-12-01 0 days 1,470 sqft
    2019-01-01 0 days 1,433 sqft
    2019-02-01 0 days 1,433 sqft
    2019-03-01 0 days 1,503 sqft
    2019-04-01 0 days 1,550 sqft
    2019-05-01 0 days 1,561 sqft
    2019-06-01 0 days 1,568 sqft
    2019-07-01 0 days 1,548 sqft
    2019-08-01 0 days 1,518 sqft
    2019-09-01 0 days 1,517 sqft
    2019-10-01 0 days 1,519 sqft
    2019-11-01 0 days 1,488 sqft
    2019-12-01 0 days 1,456 sqft
    2020-01-01 0 days 1,469 sqft
    2020-02-01 0 days 1,469 sqft
    2020-03-01 0 days 1,510 sqft
    2020-04-01 0 days 1,521 sqft
    2020-05-01 0 days 1,572 sqft
    2020-06-01 0 days 1,579 sqft
    2020-07-01 0 days 1,626 sqft
    2020-08-01 0 days 1,586 sqft
    2020-09-01 0 days 1,596 sqft
    2020-10-01 0 days 1,602 sqft
    2020-11-01 0 days 1,614 sqft
    2020-12-01 0 days 1,618 sqft
    2021-01-01 0 days 1,602 sqft
    2021-02-01 0 days 1,584 sqft
    2021-03-01 0 days 1,612 sqft
    2021-04-01 0 days 1,581 sqft
    2021-05-01 0 days 1,648 sqft
    2021-06-01 0 days 1,655 sqft
    2021-07-01 0 days 1,631 sqft
    2021-08-01 0 days 1,640 sqft
    2021-09-01 0 days 1,574 sqft
    2021-10-01 0 days 1,568 sqft
    2021-11-01 0 days 1,518 sqft
    2021-12-01 0 days 1,458 sqft
    2022-01-01 0 days 1,450 sqft
    2022-02-01 0 days 1,446 sqft
    2022-03-01 0 days 1,461 sqft
    2022-04-01 0 days 1,692 sqft
    2022-05-01 0 days 1,629 sqft
    2022-06-01 0 days 1,479 sqft
    Fort Dodge's median listing age (time on market) for 2022-06-01 was 0 days.

    Fort Dodge's median square footage for active listings during the 2022-06-01 period was 1,479 sqft. One year prior, the average listing was 1,655 sqft.