Fort Madison - Keokuk Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Fort Madison - Keokuk averaged 7.04% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.81% and one month ago for the week of 2024-02-15, the average rate was 6.64%.

Fort Madison - Keokuk's average rate one year ago was 6.47%.

For refis of the same type during the week of 2024-03-21, the average rate was 7.37%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Fort Madison - Keokuk 30 Year Fixed Rate 2024-03-21 7.04%
Fort Madison - Keokuk 30 Year Fixed Rate Refi 2024-03-21 7.37%
Fort Madison - Keokuk 15 Year Fixed Rate 2024-03-21 6.21%
Fort Madison - Keokuk 15 Year Fixed Rate Refi 2024-03-21 6.51%
Fort Madison - Keokuk 30 Year FHA 2024-03-21 6.5%
Fort Madison - Keokuk 30 Year FHA Refi 2024-03-21 6.6%
Fort Madison - Keokuk 30 Year USDA 2024-03-21 6.47%
Fort Madison - Keokuk 30 Year USDA Refi 2024-03-21 6.47%
Fort Madison - Keokuk 30 Year VA 2024-03-21 6.44%
Fort Madison - Keokuk 30 Year VA Refi 2024-03-21 6.74%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Fort Madison-Keokuk, IA-IL-MO.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
United Community Bank 29 6.61% $1,913
Two Rivers Bank & Trust 24 7.02% $1,546
Fortress Bank 14 6.70% $1,938
IOWA BANKERS MORTGAGE CORPORATION 13 6.75% $2,238
QUICKEN LOANS, LLC 11 6.85% $5,236
First Bankers Trust Company 8 6.39% $1,527
Plains Commerce Bank 7 7.34% $2,935
MidWestOne Bank 5 7.08% $2,639
GREENSTATE CREDIT UNION 3 6.67% $1,929
Bank of Springfield 2 6.34% $1,720
Flagstar Bank, FSB 2 7.13% $5,238
Community Mortgage Banc Corporation 2 6.31% $2,350
GERSHMAN INVESTMENT CORP. 1 6.38% $2,891
Heartland Bank and Trust Company 1 7.30% $2,550
Heritage Bank 1 8.00% $6,719
HomeBank 1 7.00% $2,228
I. H. MISSISSIPPI VALLEY CREDIT UNION 1 7.63% $2,585
INB 1 6.13% $2,548
Ixonia Bank 1 6.63% $3,913
NFM, INC. 1 7.50% $3,963
RUHL MORTGAGE, LLC 1 5.99% $0
Servion, Inc. 1 6.38% $4,887
SUN WEST MORTGAGE COMPANY, INC. 1 7.00% $5,214
The Huntington National Bank 1 6.13% $3,824
THOMPSON KANE & COMPANY, LLC 1 7.13% $3,091
USAA Federal Savings Bank 1 7.38% $2,805
Wells Fargo Bank 1 7.63% $3,437
AMERICAN INTERNET MORTGAGE, INC. 1 5.88% $2,780
ZILLOW HOME LOANS, LLC 1 7.00% $7,622
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $7,936
AMERISAVE MORTGAGE CORPORATION 1 6.75% $9,085
Ameris Bank 1 7.13% $3,775
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.50% $5,378
Bank Iowa 1 7.13% $4,412
CHURCHILL MORTGAGE CORPORATION 1 5.50% $4,126
COMMUNITY 1ST CREDIT UNION 1 7.00% $2,456
Credit Union 1 1 5.75% $3,175
DAS Acquisition Company, LLC 1 7.88% $4,170
Deere Employees Credit Union 1 5.63% $2,750
DUPACO COMMUNITY 1 6.38% $3,423

Fort Madison - Keokuk Average Closing Costs & Other Stats

Fort Madison-Keokuk, IA-IL-MO's 40 lenders originated 398 loans during 2023. The total origination value was $49,590,000, with an average loan value of $124,598.

Fort Madison - Keokuk's average closing costs are $3,334.

The top Fort Madison - Keokuk lender as defined by loan originations is United Community Bank, with 29 loans originated. Their average total fees are $1,913, which is $367 higher than the next largest lender, Two Rivers Bank & Trust.

The lowest fee Fort Madison - Keokuk lenders (with over 10 loans originated) are Two Rivers Bank & Trust ($1,546), United Community Bank ($1,913), Fortress Bank ($1,938), IOWA BANKERS MORTGAGE CORPORATION ($2,238) and QUICKEN LOANS, LLC ($5,236).

The lowest rate Fort Madison - Keokuk lenders (with over 10 loans originated) are United Community Bank (6.61%), Fortress Bank (6.70%), IOWA BANKERS MORTGAGE CORPORATION (6.75%), QUICKEN LOANS, LLC (6.85%) and Two Rivers Bank & Trust (7.02%).

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
United Community Bank $10,710,000 $6,710,000 -37.3% 13.5%
QUICKEN LOANS, LLC $4,955,000 $4,905,000 -1.0% 9.9%
Fortress Bank $3,650,000 $3,890,000 6.6% 7.8%
Two Rivers Bank & Trust $5,780,000 $3,860,000 -33.2% 7.8%
Hills Bank and Trust Company $25,000 $3,685,000 14,640.0% 7.4%
Mortgage Research Center, LLC $2,930,000 $3,170,000 8.2% 6.4%
IOWA BANKERS MORTGAGE CORPORATION $3,240,000 $1,835,000 -43.4% 3.7%
Plains Commerce Bank $4,710,000 $1,665,000 -64.6% 3.4%
MidWestOne Bank $2,470,000 $1,590,000 -35.6% 3.2%
First Bankers Trust Company $1,570,000 $1,265,000 -19.4% 2.6%
ALLIANT $55,000 $980,000 1,681.8% 2.0%
USAA Federal Savings Bank $55,000 $845,000 1,436.4% 1.7%
AMERICAN PACIFIC MORTGAGE CORPORATION $365,000 $835,000 128.8% 1.7%
AMERISAVE MORTGAGE CORPORATION $340,000 $825,000 142.6% 1.7%
MOVEMENT MORTGAGE, LLC $525,000 n/a 1.1%
U.S. Bank $900,000 $485,000 -46.1% 1.0%
Barrington Bank & Trust Company, N.A. $240,000 $460,000 91.7% 0.9%
DAS Acquisition Company, LLC $395,000 $450,000 13.9% 0.9%
Flagstar Bank, FSB $440,000 $445,000 1.1% 0.9%
DUPACO COMMUNITY $110,000 $440,000 300.0% 0.9%
NAVY FEDERAL CREDIT UNION $270,000 $435,000 61.1% 0.9%
GREENSTATE CREDIT UNION $1,240,000 $405,000 -67.3% 0.8%
FLAT BRANCH MORTGAGE, INC. $385,000 n/a 0.8%
Wells Fargo Bank $1,320,000 $380,000 -71.2% 0.8%
Heritage Bank $365,000 n/a 0.7%
CROSSCOUNTRY MORTGAGE, LLC $305,000 $345,000 13.1% 0.7%
The Huntington National Bank $325,000 $335,000 3.1% 0.7%
RUHL MORTGAGE, LLC $895,000 $325,000 -63.7% 0.7%
UNITED WHOLESALE MORTGAGE, LLC $310,000 $320,000 3.2% 0.6%
MidAmerica National Bank $310,000 n/a 0.6%
PENNYMAC LOAN SERVICES, LLC $490,000 $310,000 -36.7% 0.6%
Deere Employees Credit Union $55,000 $290,000 427.3% 0.6%
Community Mortgage Banc Corporation $95,000 $270,000 184.2% 0.5%
PRIMELENDING, A PLAINSCAPITAL COMPANY $265,000 n/a 0.5%
FBC MORTGAGE, LLC $235,000 n/a 0.5%
JPMorgan Chase Bank $270,000 $235,000 -13.0% 0.5%
HomeBank $260,000 $225,000 -13.5% 0.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $465,000 $205,000 -55.9% 0.4%
Servion, Inc. $205,000 n/a 0.4%
HOMEXPRESS MORTGAGE CORP. $195,000 n/a 0.4%
Mr. Cooper ( Nationstar Mortgage ) $410,000 $195,000 -52.4% 0.4%
Chickasaw Community Bank $185,000 n/a 0.4%
NEWREZ LLC $485,000 $180,000 -62.9% 0.4%
BAY EQUITY LLC $175,000 n/a 0.4%
ZILLOW HOME LOANS, LLC $165,000 n/a 0.3%
SUN WEST MORTGAGE COMPANY, INC. $150,000 n/a 0.3%
The Central Trust Bank $140,000 n/a 0.3%
Bank Iowa $135,000 n/a 0.3%
RESIDENTIAL MORTGAGE NETWORK, INC. $455,000 $135,000 -70.3% 0.3%
THOMPSON KANE & COMPANY, LLC $135,000 n/a 0.3%
TOWNE MORTGAGE COMPANY $135,000 n/a 0.3%
TRIAD FINANCIAL SERVICES, INC. $135,000 n/a 0.3%
Bank of Springfield $130,000 n/a 0.3%
ROYAL UNITED MORTGAGE LLC $150,000 $130,000 -13.3% 0.3%
Bank of America $125,000 n/a 0.3%
Carrington Mortgage Services, LLC $130,000 $125,000 -3.8% 0.3%
RELIANCE FIRST CAPITAL, LLC $125,000 n/a 0.3%
AMERICAN INTERNET MORTGAGE, INC. $115,000 n/a 0.2%
BROKER SOLUTIONS, INC. $425,000 $115,000 -72.9% 0.2%
CHURCHILL MORTGAGE CORPORATION $205,000 $115,000 -43.9% 0.2%
I. H. MISSISSIPPI VALLEY CREDIT UNION $75,000 $115,000 53.3% 0.2%
LAKEVIEW LOAN SERVICING, LLC $115,000 n/a 0.2%
SENB Bank $115,000 n/a 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $105,000 n/a 0.2%
CARDINAL FINANCIAL $425,000 $105,000 -75.3% 0.2%
Deseret First Credit Union $105,000 n/a 0.2%
COMMUNITY 1ST CREDIT UNION $340,000 $100,000 -70.6% 0.2%
GERSHMAN INVESTMENT CORP. $95,000 n/a 0.2%
LOANDEPOT.COM, LLC $615,000 $95,000 -84.6% 0.2%
GUILD MORTGAGE COMPANY $85,000 n/a 0.2%
Heartland Bank and Trust Company $85,000 n/a 0.2%
MID AMERICA MORTGAGE, INC. $85,000 n/a 0.2%
Credit Union 1 $75,000 n/a 0.2%
Ixonia Bank $75,000 n/a 0.2%
NFM, INC. $75,000 n/a 0.2%
Ameris Bank $55,000 n/a 0.1%
INB $235,000 $55,000 -76.6% 0.1%
M&T Bank $55,000 n/a 0.1%
Coastal Community Bank $50,000 n/a 0.1%
Community Choice Credit Union $55,000 $45,000 -18.2% 0.1%
PEOPLES BANK & TRUST CO. $1,140,000 $45,000 -96.1% 0.1%
ALTRA $35,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $35,000 n/a 0.1%
GREATER IOWA CREDIT UNION $35,000 n/a 0.1%

Fort Madison - Keokuk's top lender by overall market share is United Community Bank, with 13.5% market share. In second place, with 9.9%, is QUICKEN LOANS, LLC, having originated $4,905,000 in loans. In third place, with 7.8%, is Fortress Bank, having originated $3,890,000 in loans. In fourth place, with 7.8%, is Two Rivers Bank & Trust, having originated $3,860,000 in loans. In fifth place, with 7.4%, is Hills Bank and Trust Company, having originated $3,685,000 in loans.


Fort Madison - Keokuk Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Fort Madison - Keokuk (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 $89,375 (-3.1%) $123,634 (-0.5%) 0.00 193
2018-02-01 $99,000 (6.2%) $133,959 (7.5%) 0.00 179
2018-03-01 $99,000 (-5.3%) $134,282 (6.4%) 0.00 182
2018-04-01 $96,750 (-12.8%) $132,405 (4.6%) 0.00 198
2018-05-01 $94,750 (-9.2%) $130,902 (5.5%) 0.00 227
2018-06-01 $95,750 (-9.9%) $132,213 (4.9%) 0.00 261
2018-07-01 $98,125 (-6.5%) $130,527 (5.6%) 0.00 288
2018-08-01 $106,250 (9.1%) $131,349 (7.2%) 0.00 287
2018-09-01 $105,900 (14.5%) $128,840 (5.5%) 0.00 285
2018-10-01 $106,700 (18.7%) $127,862 (1.2%) 0.00 273
2018-11-01 $106,275 (14.2%) $129,844 (2.3%) 0.00 249
2018-12-01 $99,900 (16.2%) $129,715 (6.0%) 0.00 232
2019-01-01 $99,900 (11.8%) $125,943 (1.9%) 0.00 218
2019-02-01 $99,900 (0.9%) $129,066 (-3.7%) 0.00 199
2019-03-01 $109,196 (10.3%) $132,503 (-1.3%) 0.00 202
2019-04-01 $106,038 (9.6%) $132,258 (-0.1%) 0.00 210
2019-05-01 $109,450 (15.5%) $137,283 (4.9%) 0.00 207
2019-06-01 $109,000 (13.8%) $138,645 (4.9%) 0.00 207
2019-07-01 $107,450 (9.5%) $138,444 (6.1%) 0.00 223
2019-08-01 $104,509 (-1.6%) $136,259 (3.7%) 0.00 225
2019-09-01 $107,598 (1.6%) $137,568 (6.8%) 0.00 230
2019-10-01 $109,657 (2.8%) $138,551 (8.4%) 0.00 234
2019-11-01 $105,950 (-0.3%) $136,484 (5.1%) 0.00 235
2019-12-01 $99,575 (-0.3%) $129,971 (0.2%) 0.00 231
2020-01-01 $98,750 (-1.2%) $129,357 (2.7%) 0.00 242
2020-02-01 $99,000 (-0.9%) $128,549 (-0.4%) 0.00 225
2020-03-01 $100,950 (-7.6%) $132,881 (0.3%) 0.00 214
2020-04-01 $102,000 (-3.8%) $134,595 (1.8%) 0.00 216
2020-05-01 $109,700 (0.2%) $139,987 (2.0%) 0.00 217
2020-06-01 $112,300 (3.0%) $142,402 (2.7%) 0.00 229
2020-07-01 $113,750 (5.9%) $140,626 (1.6%) 0.00 225
2020-08-01 $119,900 (14.7%) $147,343 (8.1%) 0.00 220
2020-09-01 $117,000 (8.7%) $143,477 (4.3%) 0.00 210
2020-10-01 $118,900 (8.4%) $147,672 (6.6%) 0.00 203
2020-11-01 $119,450 (12.7%) $153,569 (12.5%) 0.00 183
2020-12-01 $118,225 (18.7%) $153,032 (17.7%) 0.00 158
2021-01-01 $105,000 (6.3%) $144,460 (11.7%) 0.00 143
2021-02-01 $105,000 (6.1%) $145,296 (13.0%) 0.00 140
2021-03-01 $107,500 (6.5%) $147,960 (11.4%) 0.00 133
2021-04-01 $93,700 (-8.1%) $134,436 (-0.1%) 0.00 140
2021-05-01 $93,700 (-14.6%) $126,476 (-9.7%) 0.00 148
2021-06-01 $94,225 (-16.1%) $124,943 (-12.3%) 0.00 150
2021-07-01 $95,000 (-16.5%) $126,142 (-10.3%) 0.00 149
2021-08-01 $105,725 (-11.8%) $134,655 (-8.6%) 0.00 154
2021-09-01 $95,125 (-18.7%) $127,800 (-10.9%) 0.00 148
2021-10-01 $95,000 (-20.1%) $128,496 (-13.0%) 0.00 147
2021-11-01 $87,738 (-26.6%) $113,630 (-26.0%) 0.00 146
2021-12-01 $85,850 (-27.4%) $115,638 (-24.4%) 0.00 134
2022-01-01 $85,000 (-19.1%) $104,684 (-27.5%) 0.00 118
2022-02-01 $84,975 (-19.1%) $113,395 (-22.0%) 0.00 105
2022-03-01 $105,400 (-2.0%) $134,267 (-9.3%) 0.00 112
2022-04-01 $115,000 (22.7%) $144,022 (7.1%) 0.00 119
2022-05-01 $125,200 (33.6%) $153,146 (21.1%) 0.00 125
2022-06-01 $127,675 (35.5%) $162,932 (30.4%) 0.00 133
2022-07-01 $124,900 (31.5%) $156,119 (23.8%) 0.00 149
2022-08-01 $126,250 (19.4%) $159,540 (18.5%) 0.00 130
2022-09-01 $122,100 (28.4%) $149,891 (17.3%) 0.00 124
2022-10-01 $120,000 (26.3%) $147,609 (14.9%) 0.00 122
2022-11-01 $115,000 (31.1%) $133,416 (17.4%) 0.00 133
2022-12-01 $113,750 (32.5%) $125,290 (8.4%) 0.00 115
2023-01-01 $114,000 (34.1%) $133,705 (27.7%) 0.00 103
2023-02-01 $115,375 (35.8%) $137,772 (21.5%) 0.00 102
2023-03-01 $123,700 (17.4%) $153,896 (14.6%) 0.00 98
2023-04-01 $125,000 (8.7%) $158,386 (10.0%) 0.00 96
2023-05-01 $124,999 (-0.2%) $158,585 (3.6%) 0.00 92
2023-06-01 $130,795 (2.4%) $152,759 (-6.2%) 0.00 97
2023-07-01 $128,180 (2.6%) $157,080 (0.6%) 0.00 89
2023-08-01 $127,450 (1.0%) $159,241 (-0.2%) 0.00 93
2023-09-01 $125,000 (2.4%) $160,930 (7.4%) 0.00 97
2023-10-01 $123,378 (2.8%) $160,685 (8.9%) 0.00 109
2023-11-01 $126,425 (9.9%) $164,402 (23.2%) 0.00 113
2023-12-01 $114,500 (0.7%) $149,394 (19.2%) 0.00 111
2024-01-01 $119,750 (5.0%) $154,428 (15.5%) 0.00 109
2024-02-01 $122,000 (5.7%) $157,850 (14.6%) 0.00 109
Fort Madison - Keokuk's median listing price for 2024-02-01 was $122,000, a difference of $6,625 (5.7%) versus the prior year and $2,250 versus the prior month.

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

Fort Madison - Keokuk's average listing price for 2024-02-01 was $157,850, a difference of $20,078 (14.6%) versus the prior year and $3,422 versus the prior month.

For the 2024-02-01 period, Fort Madison - Keokuk had 109 MLS listings, a difference of 0 listings (0%) versus the prior month and 7 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fort Madison - Keokuk (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,488 sqft
2018-02-01 0 days 1,514 sqft
2018-03-01 0 days 1,513 sqft
2018-04-01 0 days 1,489 sqft
2018-05-01 0 days 1,467 sqft
2018-06-01 0 days 1,440 sqft
2018-07-01 0 days 1,423 sqft
2018-08-01 0 days 1,464 sqft
2018-09-01 0 days 1,404 sqft
2018-10-01 0 days 1,423 sqft
2018-11-01 0 days 1,440 sqft
2018-12-01 0 days 1,437 sqft
2019-01-01 0 days 1,408 sqft
2019-02-01 0 days 1,424 sqft
2019-03-01 0 days 1,426 sqft
2019-04-01 0 days 1,404 sqft
2019-05-01 0 days 1,408 sqft
2019-06-01 0 days 1,440 sqft
2019-07-01 0 days 1,506 sqft
2019-08-01 0 days 1,517 sqft
2019-09-01 0 days 1,539 sqft
2019-10-01 0 days 1,561 sqft
2019-11-01 0 days 1,536 sqft
2019-12-01 0 days 1,506 sqft
2020-01-01 0 days 1,774 sqft
2020-02-01 0 days 1,516 sqft
2020-03-01 0 days 1,501 sqft
2020-04-01 0 days 1,503 sqft
2020-05-01 0 days 1,480 sqft
2020-06-01 0 days 1,444 sqft
2020-07-01 0 days 1,456 sqft
2020-08-01 0 days 1,488 sqft
2020-09-01 0 days 1,447 sqft
2020-10-01 0 days 1,440 sqft
2020-11-01 0 days 1,474 sqft
2020-12-01 0 days 1,489 sqft
2021-01-01 0 days 1,486 sqft
2021-02-01 0 days 1,501 sqft
2021-03-01 0 days 1,560 sqft
2021-04-01 0 days 1,456 sqft
2021-05-01 0 days 1,453 sqft
2021-06-01 0 days 1,445 sqft
2021-07-01 0 days 1,434 sqft
2021-08-01 0 days 1,503 sqft
2021-09-01 0 days 1,552 sqft
2021-10-01 0 days 1,456 sqft
2021-11-01 0 days 1,380 sqft
2021-12-01 0 days 1,353 sqft
2022-01-01 0 days 1,330 sqft
2022-02-01 0 days 1,398 sqft
2022-03-01 0 days 1,430 sqft
2022-04-01 0 days 1,456 sqft
2022-05-01 0 days 1,468 sqft
2022-06-01 0 days 1,486 sqft
2022-07-01 0 days 1,424 sqft
2022-08-01 0 days 1,403 sqft
2022-09-01 0 days 1,330 sqft
2022-10-01 0 days 1,357 sqft
2022-11-01 0 days 1,417 sqft
2022-12-01 0 days 1,448 sqft
2023-01-01 0 days 1,467 sqft
2023-02-01 0 days 1,456 sqft
2023-03-01 0 days 1,494 sqft
2023-04-01 0 days 1,469 sqft
2023-05-01 0 days 1,430 sqft
2023-06-01 0 days 1,400 sqft
2023-07-01 0 days 1,400 sqft
2023-08-01 0 days 1,462 sqft
2023-09-01 0 days 1,443 sqft
2023-10-01 0 days 1,438 sqft
2023-11-01 0 days 1,451 sqft
2023-12-01 0 days 1,461 sqft
2024-01-01 0 days 1,441 sqft
2024-02-01 0 days 1,443 sqft
Fort Madison - Keokuk's median listing age (time on market) for 2024-02-01 was 0 days.

Fort Madison - Keokuk's median square footage for active listings during the 2024-02-01 period was 1,443 sqft. One year prior, the average listing was 1,456 sqft.

Fort Madison-Keokuk, IA-IL-MO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 264 $38,340,000 $145,227
Refi 54 $4,790,000 $88,704
Cash Out Refi 36 $4,780,000 $132,778
Home Improvement 23 $765,000 $33,261
Other 21 $915,000 $43,571

Fort Madison - Keokuk's most frequently cited loan purpose was Home Purchase, with 264 originations. The 2nd most popular reason was Refi, with 54 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 187 $26,375,000 $141,043
7-8% 96 $11,480,000 $119,583
5-6% 70 $8,620,000 $123,143
Over 8% 18 $900,000 $50,000
4-5% 13 $715,000 $55,000
<2.5% 1 $45,000 $45,000

During 2023, Fort Madison - Keokuk's most frequently originated rate bucket was 6-7%, with 187 originations.

Loan Sizing (Fort Madison-Keokuk, IA-IL-MO MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 203 $11,595,000 $57,118
$100k-200k 138 $19,140,000 $138,696
$200k-400k 53 $13,755,000 $259,528
$400k-600k 3 $1,415,000 $471,667
$Over $1MM 1 $3,685,000 $3,685,000

Fort Madison - Keokuk's loan sizing saw the bucket of loans from $100,000 or less with 203 originations, totaling $11,595,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 215 $29,305,000 $136,302
60-80% 79 $13,585,000 $171,962
20-40% 39 $1,825,000 $46,795
Under 20% 31 $855,000 $27,581
40-60% 19 $1,905,000 $100,263
Over 100% 2 $480,000 $240,000

Fort Madison - Keokuk's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 215 originations, totaling $29,305,000 in origination value.