Fort Madison - Keokuk Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Fort Madison - Keokuk averaged
6.55%
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
6.65% and
one month ago for the week of 2025-05-29, the
average rate was 6.87%.
Fort Madison - Keokuk's average rate one year ago was 6.74%.
For refis of the same type during the week of 2025-07-03, the average rate
was 6.97%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Fort Madison - Keokuk 30 Year Fixed Rate | 2025-07-03 | 6.55% |
| Fort Madison - Keokuk 30 Year Fixed Rate Refi | 2025-07-03 | 6.97% |
| Fort Madison - Keokuk 15 Year Fixed Rate | 2025-07-03 | 6% |
| Fort Madison - Keokuk 15 Year Fixed Rate Refi | 2025-07-03 | 5.7% |
| Fort Madison - Keokuk 30 Year FHA | 2025-07-03 | -0.1% |
| Fort Madison - Keokuk 30 Year FHA Refi | 2025-07-03 | -0.1% |
| Fort Madison - Keokuk 30 Year USDA | 2025-07-03 | 0.2% |
| Fort Madison - Keokuk 30 Year USDA Refi | 2025-07-03 | -0.2% |
| Fort Madison - Keokuk 30 Year VA | 2025-07-03 | 0.2% |
| Fort Madison - Keokuk 30 Year VA Refi | 2025-07-03 | 0% |
Fort Madison - Keokuk 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 Madison-Keokuk, IA-IL-MO 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 Madison - Keokuk Average Closing Costs & Other Stats
Fort Madison-Keokuk, IA-IL-MO's 46 lenders originated 491
loans during 2024. The total origination value was $64,375,000, with an average loan value of
$131,110.
Fort Madison - Keokuk's average closing costs are $3,428.
The top Fort Madison - Keokuk lender as defined by loan originations is United Community Bank, with
37 loans originated. Their average total fees are
$1,731, which is $591
lower than the next largest lender,
IOWA BANKERS MORTGAGE CORPORATION.
The lowest fee Fort Madison - Keokuk lenders (with over 10 loans originated) are
Two Rivers Bank & Trust ($1,480), United Community Bank ($1,731), Fortress Bank ($1,789), IOWA BANKERS MORTGAGE CORPORATION ($2,322) and QUICKEN LOANS, LLC ($5,713).
The lowest rate Fort Madison - Keokuk lenders (with over 10 loans originated) are
United Community Bank (6.53%), QUICKEN LOANS, LLC (6.57%), Fortress Bank (6.65%), IOWA BANKERS MORTGAGE CORPORATION (6.84%) and Two Rivers Bank & Trust (7.56%).
Fort Madison-Keokuk, IA-IL-MO 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 |
|---|---|---|---|---|
| United Community Bank | $6,710,000 | $9,415,000 | 40.3% | 14.6% |
| QUICKEN LOANS, LLC | $4,905,000 | $6,025,000 | 22.8% | 9.4% |
| Two Rivers Bank & Trust | $3,860,000 | $5,340,000 | 38.3% | 8.3% |
| Raccoon Valley Bank | $4,315,000 | n/a | 6.7% | |
| Mortgage Research Center, LLC | $3,170,000 | $3,105,000 | -2.1% | 4.8% |
| IOWA BANKERS MORTGAGE CORPORATION | $1,835,000 | $3,000,000 | 63.5% | 4.7% |
| Fortress Bank | $3,890,000 | $2,600,000 | -33.2% | 4.0% |
| GREENSTATE CREDIT UNION | $405,000 | $1,535,000 | 279.0% | 2.4% |
| Plains Commerce Bank | $1,665,000 | $1,465,000 | -12.0% | 2.3% |
| U.S. Bank | $485,000 | $1,325,000 | 173.2% | 2.1% |
| MidWestOne Bank | $1,590,000 | $1,290,000 | -18.9% | 2.0% |
| First Bankers Trust Company | $1,265,000 | $1,275,000 | 0.8% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $320,000 | $1,225,000 | 282.8% | 1.9% |
| RUHL MORTGAGE, LLC | $325,000 | $1,160,000 | 256.9% | 1.8% |
| HomeBank | $225,000 | $975,000 | 333.3% | 1.5% |
| CLEARPATH LENDING | $960,000 | n/a | 1.5% | |
| PENNYMAC LOAN SERVICES, LLC | $310,000 | $925,000 | 198.4% | 1.4% |
| CROSSCOUNTRY MORTGAGE, LLC | $345,000 | $880,000 | 155.1% | 1.4% |
| COMPEER FINANCIAL, FLCA | $790,000 | n/a | 1.2% | |
| BROKER SOLUTIONS, INC. | $115,000 | $740,000 | 543.5% | 1.1% |
| USAA Federal Savings Bank | $845,000 | $730,000 | -13.6% | 1.1% |
| GUILD MORTGAGE COMPANY | $85,000 | $660,000 | 676.5% | 1.0% |
| FLAT BRANCH MORTGAGE, INC. | $385,000 | $640,000 | 66.2% | 1.0% |
| Barrington Bank & Trust Company, N.A. | $460,000 | $575,000 | 25.0% | 0.9% |
| LOANDEPOT.COM, LLC | $95,000 | $540,000 | 468.4% | 0.8% |
| MOVEMENT MORTGAGE, LLC | $525,000 | $535,000 | 1.9% | 0.8% |
| The Central Trust Bank | $140,000 | $470,000 | 235.7% | 0.7% |
| ALLIANT | $980,000 | $445,000 | -54.6% | 0.7% |
| NEWREZ LLC | $180,000 | $400,000 | 122.2% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $835,000 | $385,000 | -53.9% | 0.6% |
| ROYAL UNITED MORTGAGE LLC | $130,000 | $385,000 | 196.2% | 0.6% |
| Wells Fargo Bank | $380,000 | $385,000 | 1.3% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $380,000 | n/a | 0.6% | |
| CARDINAL FINANCIAL | $105,000 | $355,000 | 238.1% | 0.6% |
| Midwest Heritage Bank FSB | $345,000 | n/a | 0.5% | |
| DAS Acquisition Company, LLC | $450,000 | $325,000 | -27.8% | 0.5% |
| Summit Credit Union | $325,000 | n/a | 0.5% | |
| West Central Bank | $310,000 | n/a | 0.5% | |
| Bank of England | $305,000 | n/a | 0.5% | |
| NEW DAY FINANCIAL, LLC | $305,000 | n/a | 0.5% | |
| Century Mortgage Company DBA Century Lending Company | $285,000 | n/a | 0.4% | |
| MID AMERICA MORTGAGE, INC. | $85,000 | $285,000 | 235.3% | 0.4% |
| FREEDOM MORTGAGE CORPORATION | $280,000 | n/a | 0.4% | |
| Community Choice Credit Union | $45,000 | $275,000 | 511.1% | 0.4% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $265,000 | $265,000 | 0.0% | 0.4% |
| Midwest Bank | $260,000 | n/a | 0.4% | |
| PEOPLES BANK & TRUST CO. | $45,000 | $210,000 | 366.7% | 0.3% |
| GUARANTEED RATE AFFINITY, LLC | $205,000 | n/a | 0.3% | |
| Figure Lending LLC | $200,000 | n/a | 0.3% | |
| Central Bank | $195,000 | n/a | 0.3% | |
| Farm Credit Mid-America, ACA | $195,000 | n/a | 0.3% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $195,000 | n/a | 0.3% | |
| Servion, Inc. | $205,000 | $195,000 | -4.9% | 0.3% |
| PNC Bank | $190,000 | n/a | 0.3% | |
| ZILLOW HOME LOANS, LLC | $165,000 | $175,000 | 6.1% | 0.3% |
| AmeriHome Mortgage Company, LLC | $165,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $825,000 | $160,000 | -80.6% | 0.2% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $115,000 | $160,000 | 39.1% | 0.2% |
| VERIDIAN CREDIT UNION | $160,000 | n/a | 0.2% | |
| Busey Bank | $145,000 | n/a | 0.2% | |
| CHURCHILL MORTGAGE CORPORATION | $115,000 | $145,000 | 26.1% | 0.2% |
| First State Bank of St. Charles, Missouri | $145,000 | n/a | 0.2% | |
| PHH Mortgage Corporation | $145,000 | n/a | 0.2% | |
| COMMUNITY 1ST CREDIT UNION | $100,000 | $140,000 | 40.0% | 0.2% |
| Discover Bank | $135,000 | n/a | 0.2% | |
| CALCON MUTUAL MORTGAGE LLC | $115,000 | n/a | 0.2% | |
| West Gate Bank | $115,000 | n/a | 0.2% | |
| CITIZENS EQUITY FIRST | $105,000 | n/a | 0.2% | |
| EASTMAN | $105,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $235,000 | $105,000 | -55.3% | 0.2% |
| Nations Lending Corporation | $105,000 | n/a | 0.2% | |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $135,000 | $105,000 | -22.2% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $135,000 | $105,000 | -22.2% | 0.2% |
| INB | $55,000 | $95,000 | 72.7% | 0.1% |
| Alliant Bank | $85,000 | n/a | 0.1% | |
| Morton Community Bank | $80,000 | n/a | 0.1% | |
| COMPASS MORTGAGE, INC. | $75,000 | n/a | 0.1% | |
| Bank of America | $125,000 | $65,000 | -48.0% | 0.1% |
| Deere Employees Credit Union | $290,000 | $65,000 | -77.6% | 0.1% |
| Regional Missouri Bank | $65,000 | n/a | 0.1% | |
| Deseret First Credit Union | $105,000 | $55,000 | -47.6% | 0.1% |
| Federation Bank | $55,000 | n/a | 0.1% | |
| Coastal Community Bank | $50,000 | $25,000 | -50.0% | 0.0% |
| DUPACO COMMUNITY | $440,000 | $25,000 | -94.3% | 0.0% |
| FIRST COMMUNITY | $25,000 | n/a | 0.0% | |
| Flagstar Bank, FSB | $445,000 | $25,000 | -94.4% | 0.0% |
Fort Madison - Keokuk's top lender by overall market share is United Community Bank, with 14.6% market share. In second place, with 9.4%, is QUICKEN LOANS, LLC, having originated $6,025,000 in loans. In third place, with 8.3%, is Two Rivers Bank & Trust, having originated $5,340,000 in loans. In fourth place, with 6.7%, is Raccoon Valley Bank, having originated $4,315,000 in loans. In fifth place, with 4.8%, is Mortgage Research Center, LLC, having originated $3,105,000 in loans.
Fort Madison-Keokuk, IA-IL-MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 296 | $45,180,000 | $152,635 |
| Refi | 59 | $8,405,000 | $142,458 |
| Cash Out Refi | 58 | $7,350,000 | $126,724 |
| Home Improvement | 53 | $2,045,000 | $38,585 |
| Other | 24 | $1,250,000 | $52,083 |
| NA | 1 | $145,000 | $145,000 |
Fort Madison - Keokuk's most frequently cited loan purpose was Home Purchase, with 296 originations. The 2nd most popular reason was Refi, with 59 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 249 | $32,745,000 | $131,506 |
| 7-8% | 121 | $12,885,000 | $106,488 |
| 5-6% | 61 | $8,655,000 | $141,885 |
| Over 8% | 34 | $2,620,000 | $77,059 |
| 4-5% | 4 | $560,000 | $140,000 |
| <2.5% | 1 | $25,000 | $25,000 |
| 3-4% | 1 | $75,000 | $75,000 |
During 2024, Fort Madison - Keokuk's most frequently originated rate bucket was 6-7%, with 249 originations.
Loan Sizing (Fort Madison-Keokuk, IA-IL-MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 251 | $13,785,000 | $54,920 |
| $100k-200k | 159 | $22,305,000 | $140,283 |
| $200k-400k | 68 | $19,150,000 | $281,618 |
| $400k-600k | 11 | $5,315,000 | $483,182 |
| $Over $1MM | 2 | $3,820,000 | $1,910,000 |
Fort Madison - Keokuk's loan sizing saw the bucket of loans from $100,000 or less with 251 originations, totaling $13,785,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 214 | $33,160,000 | $154,953 |
| 60-80% | 106 | $13,680,000 | $129,057 |
| 20-40% | 60 | $3,100,000 | $51,667 |
| Under 20% | 47 | $1,435,000 | $30,532 |
| 40-60% | 38 | $4,710,000 | $123,947 |
| Over 100% | 3 | $805,000 | $268,333 |
Fort Madison - Keokuk's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 214 originations, totaling $33,160,000 in origination value.