Fort Dodge Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fort Dodge averaged
6.43%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.56% and
one month ago for the week of 2025-05-15, the
average rate was 6.63%.
Fort Dodge's average rate one year ago was 6.87%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Fort Dodge 30 Year Fixed Rate | 2025-06-18 | 6.43% |
| Fort Dodge 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| Fort Dodge 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Fort Dodge 15 Year Fixed Rate Refi | 2025-06-18 | 6.26% |
| Fort Dodge 30 Year FHA | 2025-06-18 | 0.21% |
| Fort Dodge 30 Year FHA Refi | 2025-06-18 | 0.2% |
| Fort Dodge 30 Year USDA | 2025-06-18 | 0% |
| Fort Dodge 30 Year USDA Refi | 2025-06-18 | -0.2% |
| Fort Dodge 30 Year VA | 2025-06-18 | -0.1% |
| Fort Dodge 30 Year VA Refi | 2025-06-18 | 0.2% |
Fort Dodge 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 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.).
Fort Dodge Average Closing Costs & Other Stats
Fort Dodge, IA's 32 lenders originated 584
loans during 2024. The total origination value was $68,300,000, with an average loan value of
$116,952.
Fort Dodge's average closing costs are $3,095.
The top Fort Dodge lender as defined by loan originations is GREENSTATE CREDIT UNION, with
67 loans originated. Their average total fees are
$1,951, which is $1,099
lower than the next largest lender,
Northwest Bank.
The lowest fee Fort Dodge lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($1,951), IOWA BANKERS MORTGAGE CORPORATION ($2,649), FRONTIER FINANCIAL, INC. ($3,025), Northwest Bank ($3,050) and .
The lowest rate Fort Dodge lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION (6.30%), IOWA BANKERS MORTGAGE CORPORATION (6.40%), Northwest Bank (6.44%), FRONTIER FINANCIAL, INC. (6.52%) and .
Fort Dodge, 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 | $12,400,000 | $15,040,000 | 21.3% | 22.0% |
| Northwest Bank | $11,695,000 | $11,385,000 | -2.7% | 16.7% |
| FRONTIER FINANCIAL, INC. | $7,215,000 | $8,690,000 | 20.4% | 12.7% |
| IOWA BANKERS MORTGAGE CORPORATION | $4,775,000 | $5,660,000 | 18.5% | 8.3% |
| QUICKEN LOANS, LLC | $3,035,000 | $3,510,000 | 15.7% | 5.1% |
| Availa Bank | $6,700,000 | $2,575,000 | -61.6% | 3.8% |
| Mortgage Research Center, LLC | $325,000 | $2,530,000 | 678.5% | 3.7% |
| First Interstate Bank | $1,790,000 | $1,630,000 | -8.9% | 2.4% |
| Wells Fargo Bank | $1,605,000 | $865,000 | -46.1% | 1.3% |
| VERIDIAN CREDIT UNION | $600,000 | $700,000 | 16.7% | 1.0% |
| LAND HOME FINANCIAL SERVICES, INC. | $695,000 | $675,000 | -2.9% | 1.0% |
| Farm Credit Mid-America, ACA | $975,000 | $610,000 | -37.4% | 0.9% |
| GERSHMAN INVESTMENT CORP. | $115,000 | $580,000 | 404.3% | 0.8% |
| Green Belt Bank & Trust | $235,000 | $570,000 | 142.6% | 0.8% |
| United Bank of Iowa | $775,000 | $545,000 | -29.7% | 0.8% |
| Bank Iowa | $495,000 | $510,000 | 3.0% | 0.7% |
| LOANDEPOT.COM, LLC | $85,000 | $490,000 | 476.5% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $75,000 | $385,000 | 413.3% | 0.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $195,000 | $365,000 | 87.2% | 0.5% |
| The Federal Savings Bank | $355,000 | n/a | 0.5% | |
| Regions Bank | $345,000 | n/a | 0.5% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $330,000 | n/a | 0.5% | |
| FREEDOM MORTGAGE CORPORATION | $400,000 | $325,000 | -18.8% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $325,000 | n/a | 0.5% | |
| NAVY FEDERAL CREDIT UNION | $25,000 | $315,000 | 1,160.0% | 0.5% |
| Fortress Bank | $195,000 | $310,000 | 59.0% | 0.5% |
| Alerus Financial | $285,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $1,005,000 | $285,000 | -71.6% | 0.4% |
| Core Bank | $275,000 | n/a | 0.4% | |
| SUCCESS MORTGAGE PARTNERS, INC. | $245,000 | n/a | 0.4% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $240,000 | n/a | 0.4% | |
| FIRST COMMUNITY MORTGAGE, INC. | $230,000 | n/a | 0.3% | |
| JPMorgan Chase Bank | $230,000 | $225,000 | -2.2% | 0.3% |
| LEADERONE FINANCIAL CORPORATION | $225,000 | n/a | 0.3% | |
| 21ST MORTGAGE CORPORATION | $360,000 | $205,000 | -43.1% | 0.3% |
| U.S. Bank | $510,000 | $195,000 | -61.8% | 0.3% |
| AMWEST FUNDING CORP. | $190,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $75,000 | $185,000 | 146.7% | 0.3% |
| ROYAL UNITED MORTGAGE LLC | $190,000 | $185,000 | -2.6% | 0.3% |
| American State Bank | $175,000 | n/a | 0.3% | |
| Midwest BankCentre | $175,000 | n/a | 0.3% | |
| MOVEMENT MORTGAGE, LLC | $175,000 | n/a | 0.3% | |
| USAA Federal Savings Bank | $175,000 | n/a | 0.3% | |
| Luana Savings Bank | $65,000 | $160,000 | 146.2% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $250,000 | $155,000 | -38.0% | 0.2% |
| Carrington Mortgage Services, LLC | $150,000 | n/a | 0.2% | |
| Stride Bank | $145,000 | n/a | 0.2% | |
| GNB Bank | $85,000 | $135,000 | 58.8% | 0.2% |
| Ally Bank | $125,000 | n/a | 0.2% | |
| Figure Lending LLC | $35,000 | $120,000 | 242.9% | 0.2% |
| Central Bank | $125,000 | $115,000 | -8.0% | 0.2% |
| Coastal Community Bank | $65,000 | $115,000 | 76.9% | 0.2% |
| First Bank | $160,000 | $105,000 | -34.4% | 0.2% |
| MLD MORTGAGE INC. | $105,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $250,000 | $95,000 | -62.0% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $95,000 | n/a | 0.1% | |
| First National Bank of America | $85,000 | n/a | 0.1% | |
| RIVER VALLEY CREDIT UNION | $45,000 | $85,000 | 88.9% | 0.1% |
| NEWREZ LLC | $75,000 | n/a | 0.1% | |
| Bank of America | $305,000 | $65,000 | -78.7% | 0.1% |
| Peoples Bank | $65,000 | n/a | 0.1% | |
| ENVOY MORTGAGE, LTD | $185,000 | $55,000 | -70.3% | 0.1% |
| FINANCIAL PLUS Credit Union | $45,000 | n/a | 0.1% | |
| GREATER IOWA CREDIT UNION | $15,000 | $45,000 | 200.0% | 0.1% |
| Servion, Inc. | $560,000 | $35,000 | -93.8% | 0.1% |
| Deere Employees Credit Union | $185,000 | $25,000 | -86.5% | 0.0% |
| Ames National Corporation/Reliance State Bank | $225,000 | $15,000 | -93.3% | 0.0% |
Fort Dodge's top lender by overall market share is GREENSTATE CREDIT UNION, with 22.0% market share. In second place, with 16.7%, is Northwest Bank, having originated $11,385,000 in loans. In third place, with 12.7%, is FRONTIER FINANCIAL, INC., having originated $8,690,000 in loans. In fourth place, with 8.3%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $5,660,000 in loans. In fifth place, with 5.1%, is QUICKEN LOANS, LLC, having originated $3,510,000 in loans.
Fort Dodge, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 362 | $52,160,000 | $144,088 |
| Refi | 75 | $6,355,000 | $84,733 |
| Home Improvement | 67 | $3,345,000 | $49,925 |
| Cash Out Refi | 42 | $4,030,000 | $95,952 |
| Other | 38 | $2,410,000 | $63,421 |
Fort Dodge's most frequently cited loan purpose was Home Purchase, with 362 originations. The 2nd most popular reason was Refi, with 75 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 231 | $32,535,000 | $140,844 |
| Over 8% | 103 | $5,355,000 | $51,990 |
| 7-8% | 91 | $10,415,000 | $114,451 |
| 5-6% | 84 | $12,700,000 | $151,190 |
| 4-5% | 6 | $930,000 | $155,000 |
| <2.5% | 1 | $5,000 | $5,000 |
During 2024, Fort Dodge's most frequently originated rate bucket was 6-7%, with 231 originations.
Loan Sizing (Fort Dodge, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 285 | $15,335,000 | $53,807 |
| $100k-200k | 219 | $30,265,000 | $138,196 |
| $200k-400k | 72 | $18,850,000 | $261,806 |
| $400k-600k | 8 | $3,850,000 | $481,250 |
Fort Dodge's loan sizing saw the bucket of loans from $100,000 or less with 285 originations, totaling $15,335,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 260 | $39,780,000 | $153,000 |
| 60-80% | 96 | $12,630,000 | $131,563 |
| Under 20% | 64 | $2,040,000 | $31,875 |
| 20-40% | 53 | $2,555,000 | $48,208 |
| 40-60% | 42 | $4,770,000 | $113,571 |
Fort Dodge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 260 originations, totaling $39,780,000 in origination value.