Fort Madison - Keokuk Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Fort Madison - Keokuk averaged 6.59% for the week of 2023-03-23, compared to the national average of 6.42% for the same period.

    The average rate for the prior week (2023-03-16) was 6.97% and one month ago for the week of 2023-02-16, the average rate was 6.29%.

    Fort Madison - Keokuk's average rate one year ago was 3.73%.

    For refis of the same type during the week of 2023-03-23, the average rate was 6.85%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-23 6.42%
    Fort Madison - Keokuk 30 Year Fixed Rate 2023-03-23 6.59%
    Fort Madison - Keokuk 30 Year Fixed Rate Refi 2023-03-23 6.85%
    Fort Madison - Keokuk 15 Year Fixed Rate 2023-03-23 5.9%
    Fort Madison - Keokuk 15 Year Fixed Rate Refi 2023-03-23 5.76%
    Fort Madison - Keokuk 30 Year FHA 2023-03-23 6.24%
    Fort Madison - Keokuk 30 Year FHA Refi 2023-03-23 6.4%
    Fort Madison - Keokuk 30 Year USDA 2023-03-23 6.39%
    Fort Madison - Keokuk 30 Year USDA Refi 2023-03-23 6.4%
    Fort Madison - Keokuk 30 Year VA 2023-03-23 6.36%
    Fort Madison - Keokuk 30 Year VA Refi 2023-03-23 5.89%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    United Community Bank 23 5.08% $1,653
    Fortress Bank 21 4.90% $2,133
    IOWA BANKERS MORTGAGE CORPORATION 17 4.71% $1,965
    QUICKEN LOANS, LLC 16 4.89% $5,959
    Plains Commerce Bank 11 4.01% $2,713
    First Bankers Trust Company 9 5.60% $2,189
    Wells Fargo Bank 6 5.50% $2,406
    GREENSTATE CREDIT UNION 5 4.33% $2,132
    MidWestOne Bank 5 5.40% $3,508
    PEOPLES BANK & TRUST CO. 3 4.33% $3,373
    U.S. Bank 3 5.17% $2,346
    LOANDEPOT.COM, LLC 3 4.67% $4,858
    Mortgage Research Center, LLC 2 5.38% $1,461
    BETTER MORTGAGE CORPORATION 2 2.81% $4,602
    COMPEER FINANCIAL, FLCA 2 5.88% $2,644
    Flagstar Bank, FSB 2 4.62% $4,050
    GUARANTEED RATE, INC. 2 5.94% $2,857
    HomeBank 2 5.31% $2,918
    JPMorgan Chase Bank 2 4.18% $2,108
    AMERICAN FINANCING CORPORATION 2 5.75% $5,783
    RUHL MORTGAGE, LLC 2 5.56% $2,083
    USAA Federal Savings Bank 1 6.88% $2,500
    LAND HOME FINANCIAL SERVICES, INC. 1 5.63% $5,798
    First Mid Bank & Trust 1 3.13% $1,760
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 8.13% $1,221
    MORTGAGE ACCESS CORP. 1 5.49% $6,441
    Collins Community Credit Union 1 5.00% $1,787
    Morton Community Bank 1 6.63% $1,820
    Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $4,284
    Neighborhood Loans, Inc. 1 6.13% $9,930
    PENNYMAC LOAN SERVICES, LLC 1 4.00% $3,313
    DUPACO COMMUNITY 1 5.13% $2,965
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 6.38% $3,537
    Community Mortgage Banc Corporation 1 3.75% $1,940
    RESIDENTIAL MORTGAGE NETWORK, INC. 1 5.00% $2,090
    ROYAL UNITED MORTGAGE LLC 1 3.88% $6,079
    AMERISAVE MORTGAGE CORPORATION 1 3.25% $3,052
    FREEDOM MORTGAGE CORPORATION 1 5.99% $6,269
    The Huntington National Bank 1 4.38% $2,907
    COMMUNITY 1ST CREDIT UNION 1 3.00% $2,236
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.50% $9,082
    First State Bank of St. Charles, Missouri 1 5.38% $4,533

    Fort Madison - Keokuk Average Closing Costs & Other Stats

    Fort Madison-Keokuk, IA-IL-MO's 42 lenders originated 561 loans during 2022. The total origination value was $62,925,000, with an average loan value of $112,166.

    Fort Madison - Keokuk's average closing costs are $3,258.

    The top Fort Madison - Keokuk lender as defined by loan originations is United Community Bank, with 23 loans originated. Their average total fees are $1,653, which is $480 lower than the next largest lender, Fortress Bank.

    The lowest fee Fort Madison - Keokuk lenders (with over 10 loans originated) are United Community Bank ($1,653), IOWA BANKERS MORTGAGE CORPORATION ($1,965), Fortress Bank ($2,133), Plains Commerce Bank ($2,713) and QUICKEN LOANS, LLC ($5,959).

    The lowest rate Fort Madison - Keokuk lenders (with over 10 loans originated) are Plains Commerce Bank (4.01%), IOWA BANKERS MORTGAGE CORPORATION (4.71%), QUICKEN LOANS, LLC (4.89%), Fortress Bank (4.90%) and United Community Bank (5.08%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    United Community Bank $14,675,000 $10,710,000 -27.0% 17.0%
    Two Rivers Bank & Trust $4,865,000 $5,780,000 18.8% 9.2%
    QUICKEN LOANS, LLC $9,910,000 $4,955,000 -50.0% 7.9%
    Plains Commerce Bank $5,735,000 $4,710,000 -17.9% 7.5%
    Fortress Bank $7,435,000 $3,650,000 -50.9% 5.8%
    IOWA BANKERS MORTGAGE CORPORATION $6,575,000 $3,240,000 -50.7% 5.1%
    Mortgage Research Center, LLC $3,145,000 $2,930,000 -6.8% 4.7%
    MidWestOne Bank $2,455,000 $2,470,000 0.6% 3.9%
    First Bankers Trust Company $3,285,000 $1,570,000 -52.2% 2.5%
    Wells Fargo Bank $2,120,000 $1,320,000 -37.7% 2.1%
    GREENSTATE CREDIT UNION $1,450,000 $1,240,000 -14.5% 2.0%
    PEOPLES BANK & TRUST CO. $1,140,000 n/a 1.8%
    U.S. Bank $2,135,000 $900,000 -57.8% 1.4%
    RUHL MORTGAGE, LLC $555,000 $895,000 61.3% 1.4%
    BETTER MORTGAGE CORPORATION $340,000 $630,000 85.3% 1.0%
    LOANDEPOT.COM, LLC $1,925,000 $615,000 -68.1% 1.0%
    LAND HOME FINANCIAL SERVICES, INC. $600,000 n/a 1.0%
    PENNYMAC LOAN SERVICES, LLC $125,000 $490,000 292.0% 0.8%
    NEWREZ LLC $215,000 $485,000 125.6% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $285,000 $465,000 63.2% 0.7%
    RESIDENTIAL MORTGAGE NETWORK, INC. $175,000 $455,000 160.0% 0.7%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $445,000 n/a 0.7%
    Flagstar Bank, FSB $290,000 $440,000 51.7% 0.7%
    BROKER SOLUTIONS, INC. $530,000 $425,000 -19.8% 0.7%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $705,000 $425,000 -39.7% 0.7%
    GUARANTEED RATE, INC. $95,000 $415,000 336.8% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $555,000 $410,000 -26.1% 0.7%
    DAS Acquisition Company, LLC $240,000 $395,000 64.6% 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $405,000 $365,000 -9.9% 0.6%
    AMERICAN FINANCING CORPORATION $355,000 n/a 0.6%
    VILLAGE CAPITAL MORTGAGE $300,000 $350,000 16.7% 0.6%
    Neighborhood Loans, Inc. $345,000 n/a 0.5%
    AMERISAVE MORTGAGE CORPORATION $710,000 $340,000 -52.1% 0.5%
    COMMUNITY 1ST CREDIT UNION $215,000 $340,000 58.1% 0.5%
    The Huntington National Bank $325,000 n/a 0.5%
    MORTGAGE ACCESS CORP. $255,000 $315,000 23.5% 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $350,000 $310,000 -11.4% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $400,000 $305,000 -23.8% 0.5%
    COMPEER FINANCIAL, FLCA $920,000 $300,000 -67.4% 0.5%
    HNB National Bank $270,000 n/a 0.4%
    JPMorgan Chase Bank $760,000 $270,000 -64.5% 0.4%
    NAVY FEDERAL CREDIT UNION $555,000 $270,000 -51.4% 0.4%
    CALIBER HOME LOANS, INC. $935,000 $260,000 -72.2% 0.4%
    HomeBank $365,000 $260,000 -28.8% 0.4%
    First Mid Bank & Trust $25,000 $250,000 900.0% 0.4%
    Barrington Bank & Trust Company, N.A. $305,000 $240,000 -21.3% 0.4%
    INB $235,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $1,085,000 $230,000 -78.8% 0.4%
    Dubuque Bank and Trust Company $155,000 $220,000 41.9% 0.3%
    American Airlines Federal Credit Union $205,000 n/a 0.3%
    CHURCHILL MORTGAGE CORPORATION $205,000 n/a 0.3%
    Farmers State Bank $185,000 n/a 0.3%
    INTERCAP LENDING INC. $180,000 n/a 0.3%
    Morton Community Bank $170,000 n/a 0.3%
    NEW DAY FINANCIAL, LLC $405,000 $170,000 -58.0% 0.3%
    ROYAL UNITED MORTGAGE LLC $215,000 $150,000 -30.2% 0.2%
    ASCENTRA $135,000 n/a 0.2%
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION $65,000 $135,000 107.7% 0.2%
    Regions Bank $135,000 n/a 0.2%
    Carrington Mortgage Services, LLC $170,000 $130,000 -23.5% 0.2%
    Paramount Bank $125,000 n/a 0.2%
    Stride Bank $125,000 n/a 0.2%
    Commerce Home Mortgage, Inc. $115,000 n/a 0.2%
    First State Bank of St. Charles, Missouri $115,000 n/a 0.2%
    PARLAY MORTGAGE & PROPERTY, INC. $115,000 n/a 0.2%
    DUPACO COMMUNITY $110,000 n/a 0.2%
    BANKORION $105,000 n/a 0.2%
    Great Western Bank $90,000 $105,000 16.7% 0.2%
    American Bank and Trust Company $95,000 n/a 0.2%
    Community Mortgage Banc Corporation $95,000 n/a 0.2%
    Equity Prime Mortgage LLC $185,000 $95,000 -48.6% 0.2%
    Merchants Bank $605,000 $95,000 -84.3% 0.2%
    Midwest Bank $95,000 n/a 0.2%
    PENTAGON FEDERAL CREDIT UNION $195,000 $95,000 -51.3% 0.2%
    FINANCE OF AMERICA MORTGAGE LLC $125,000 $85,000 -32.0% 0.1%
    HOME POINT FINANCIAL CORPORATION $115,000 $85,000 -26.1% 0.1%
    UNION HOME MORTGAGE CORP. $190,000 $85,000 -55.3% 0.1%
    I. H. MISSISSIPPI VALLEY CREDIT UNION $755,000 $75,000 -90.1% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $75,000 n/a 0.1%
    Town & Country Banc Mortgage Services, Inc. $195,000 $75,000 -61.5% 0.1%
    Collins Community Credit Union $60,000 n/a 0.1%
    ALLIANT $160,000 $55,000 -65.6% 0.1%
    Community Choice Credit Union $420,000 $55,000 -86.9% 0.1%
    Deere Employees Credit Union $255,000 $55,000 -78.4% 0.1%
    Hometown Equity Mortgage, LLC $170,000 $55,000 -67.6% 0.1%
    Pike Bancorp, Inc. $55,000 n/a 0.1%
    USAA Federal Savings Bank $450,000 $55,000 -87.8% 0.1%
    Alliant Bank $45,000 n/a 0.1%
    First National Bank of America $45,000 n/a 0.1%
    PNC Bank $675,000 $35,000 -94.8% 0.1%
    Figure Lending LLC $25,000 n/a 0.0%
    Hills Bank and Trust Company $165,000 $25,000 -84.8% 0.0%
    SouthernTrust Bank $25,000 $25,000 0.0% 0.0%
    Commerce Bank $15,000 n/a 0.0%

    Fort Madison - Keokuk's top lender by overall market share is United Community Bank, with 17.0% market share. In second place, with 9.2%, is Two Rivers Bank & Trust, having originated $5,780,000 in loans. In third place, with 7.9%, is QUICKEN LOANS, LLC, having originated $4,955,000 in loans. In fourth place, with 7.5%, is Plains Commerce Bank, having originated $4,710,000 in loans. In fifth place, with 5.8%, is Fortress Bank, having originated $3,650,000 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 $89,625 (-2.9%) $124,252 (0.0%) 0.00 194
    2018-02-01 $99,000 (5.5%) $134,573 (7.5%) 0.00 180
    2018-03-01 $99,000 (-7.9%) $134,878 (6.1%) 0.00 183
    2018-04-01 $97,250 (-13.2%) $132,976 (4.2%) 0.00 199
    2018-05-01 $94,750 (-10.1%) $131,314 (5.2%) 0.00 228
    2018-06-01 $96,500 (-9.2%) $132,561 (4.7%) 0.00 262
    2018-07-01 $98,375 (-6.3%) $130,851 (5.5%) 0.00 289
    2018-08-01 $106,250 (8.6%) $131,506 (6.9%) 0.00 287
    2018-09-01 $105,900 (13.3%) $128,840 (5.0%) 0.00 285
    2018-10-01 $106,700 (18.7%) $127,862 (0.8%) 0.00 273
    2018-11-01 $106,275 (13.1%) $129,844 (1.9%) 0.00 249
    2018-12-01 $99,900 (16.2%) $129,715 (5.4%) 0.00 232
    2019-01-01 $99,900 (11.5%) $125,943 (1.4%) 0.00 218
    2019-02-01 $99,900 (0.9%) $129,066 (-4.1%) 0.00 199
    2019-03-01 $109,196 (10.3%) $132,503 (-1.8%) 0.00 202
    2019-04-01 $106,038 (9.0%) $132,258 (-0.5%) 0.00 210
    2019-05-01 $109,450 (15.5%) $137,283 (4.6%) 0.00 207
    2019-06-01 $109,000 (13.0%) $138,645 (4.6%) 0.00 207
    2019-07-01 $107,450 (9.2%) $138,444 (5.8%) 0.00 223
    2019-08-01 $104,509 (-1.6%) $136,259 (3.6%) 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 $115,250 (23.0%) $144,371 (7.4%) 0.00 118
    2022-05-01 $125,200 (33.6%) $153,146 (21.1%) 0.00 125
    2022-06-01 $127,675 (35.5%) $162,035 (29.7%) 0.00 133
    2022-07-01 $124,900 (31.5%) $156,404 (24.0%) 0.00 149
    2022-08-01 $126,250 (19.4%) $158,568 (17.8%) 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 $113,000 (31.6%) $125,290 (8.4%) 0.00 115
    2023-01-01 $114,125 (34.3%) $134,285 (28.3%) 0.00 103
    2023-02-01 $115,375 (35.8%) $137,772 (21.5%) 0.00 102
    Fort Madison - Keokuk's median listing price for 2023-02-01 was $115,375, a difference of $30,400 (35.8%) versus the prior year and $1,250 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 2023-02-01 was $137,772, a difference of $24,377 (21.5%) versus the prior year and $3,487 versus the prior month.

    For the 2023-02-01 period, Fort Madison - Keokuk had 102 MLS listings, a difference of -1 listings (-1%) versus the prior month and -3 listings (-3%) 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 1,515 sqft
    2018-03-01 0 days 1,513 sqft
    2018-04-01 0 days 1,491 sqft
    2018-05-01 0 days 1,474 sqft
    2018-06-01 0 days 1,440 sqft
    2018-07-01 0 days 1,426 sqft
    2018-08-01 0 days 1,466 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 1,532 sqft
    2019-12-01 0 days 1,504 sqft
    2020-01-01 0 days 1,770 sqft
    2020-02-01 0 days 1,512 sqft
    2020-03-01 0 days 1,500 sqft
    2020-04-01 0 days 1,502 sqft
    2020-05-01 0 days 1,477 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 1,508 sqft
    2021-03-01 0 days 1,571 sqft
    2021-04-01 0 days 1,460 sqft
    2021-05-01 0 days 1,456 sqft
    2021-06-01 0 days 1,453 sqft
    2021-07-01 0 days 1,434 sqft
    2021-08-01 0 days 1,506 sqft
    2021-09-01 0 days 1,560 sqft
    2021-10-01 0 days 1,470 sqft
    2021-11-01 0 days 1,380 sqft
    2021-12-01 0 days 1,343 sqft
    2022-01-01 0 days 1,328 sqft
    2022-02-01 0 days 1,393 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 1,471 sqft
    2023-02-01 0 days 1,456 sqft
    Fort Madison - Keokuk's median listing age (time on market) for 2023-02-01 was 0 days.

    Fort Madison - Keokuk's median square footage for active listings during the 2023-02-01 period was 1,456 sqft. One year prior, the average listing was 1,393 sqft.

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

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 332 $40,450,000 $121,837
    Refi 92 $11,430,000 $124,239
    Cash Out Refi 71 $7,965,000 $112,183
    Home Improvement 49 $1,915,000 $39,082
    Other 16 $1,120,000 $70,000
    NA 1 $45,000 $45,000

    Fort Madison - Keokuk's most frequently cited loan purpose was Home Purchase, with 332 originations. The 2nd most popular reason was Refi, with 92 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 134 $15,650,000 $116,791
    4-5% 127 $15,165,000 $119,409
    3-4% 113 $13,425,000 $118,805
    6-7% 65 $6,765,000 $104,077
    2.5-3% 25 $2,995,000 $119,800
    <2.5% 18 $1,810,000 $100,556
    7-8% 8 $620,000 $77,500
    Over 8% 5 $335,000 $67,000

    During 2022, Fort Madison - Keokuk's most frequently originated rate bucket was 5-6%, with 134 originations.

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

    Loan Size Originations Total Value Average Loan
    $100,000 or less 305 $17,645,000 $57,852
    $100k-200k 185 $25,405,000 $137,324
    $200k-400k 64 $16,540,000 $258,438
    $400k-600k 6 $2,730,000 $455,000
    $600k-1000k 1 $605,000 $605,000

    Fort Madison - Keokuk's loan sizing saw the bucket of loans from $100,000 or less with 305 originations, totaling $17,645,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 264 $34,400,000 $130,303
    60-80% 115 $14,905,000 $129,609
    20-40% 43 $2,005,000 $46,628
    40-60% 38 $3,780,000 $99,474
    Under 20% 26 $730,000 $28,077
    Over 100% 7 $755,000 $107,857

    Fort Madison - Keokuk's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 264 originations, totaling $34,400,000 in origination value.