Fort Dodge Mortgage Rates

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.