IOWA CITY Mortgage Rates

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

30 Year Fixed Rate mortgages in Iowa City averaged 4.79% for the week of 2022-08-04, compared to the national average of 4.99% for the same period.

The average rate for the prior week (2022-07-28) was 5.4% and one month ago for the week of 2022-06-30, the average rate was 5.9%.

Iowa City's average rate one year ago was 2.84%.

For refis of the same type during the week of 2022-08-04, the average rate was 4.72%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-08-04 4.99%
Iowa City 30 Year Fixed Rate 2022-08-04 4.79%
Iowa City 30 Year Fixed Rate Refi 2022-08-04 4.72%
Iowa City 15 Year Fixed Rate 2022-08-04 4.62%
Iowa City 15 Year Fixed Rate Refi 2022-08-04 4.39%
Iowa City 30 Year FHA 2022-08-04 5.05%
Iowa City 30 Year FHA Refi 2022-08-04 5.06%
Iowa City 30 Year USDA 2022-08-04 5.43%
Iowa City 30 Year USDA Refi 2022-08-04 4.84%
Iowa City 30 Year VA 2022-08-04 4.98%
Iowa City 30 Year VA Refi 2022-08-04 5.08%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within IOWA CITY, IA.

IOWA CITY 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 IOWA CITY, 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 1,554 2.92% $1,762
Hills Bank and Trust Company 1,168 2.81% $1,614
RESIDENTIAL MORTGAGE NETWORK, INC. 126 2.85% $1,842
Collins Community Credit Union 122 2.89% $1,652
VERIDIAN CREDIT UNION 119 3.03% $1,694
MidWestOne Bank 115 2.98% $1,771
QUICKEN LOANS, LLC 79 3.08% $4,423
CBI Bank & Trust 71 3.04% $1,960
U.S. Bank 62 3.02% $2,345
IOWA BANKERS MORTGAGE CORPORATION 47 2.93% $2,218
Wells Fargo Bank 39 3.09% $2,184
RUHL MORTGAGE, LLC 27 2.78% $1,996
Ohnward Bank & Trust 21 2.90% $1,872
Associated Bank 20 2.70% $950
PENNYMAC LOAN SERVICES, LLC 16 3.03% $4,377
LINN AREA 16 3.22% $1,865
LOANDEPOT.COM, LLC 15 2.91% $5,194
DUPACO COMMUNITY 15 2.87% $2,535
AMERISAVE MORTGAGE CORPORATION 15 2.87% $5,359
Northpointe Bank 13 3.03% $3,679
BETTER MORTGAGE CORPORATION 12 2.94% $2,036
UNITED WHOLESALE MORTGAGE, LLC 10 3.16% $4,328
CALIBER HOME LOANS, INC. 10 3.01% $2,406
BankIowa of Cedar Rapids 9 2.64% $1,243
JPMorgan Chase Bank 9 3.08% $2,316
I. H. MISSISSIPPI VALLEY CREDIT UNION 9 2.92% $1,668
COMMUNITY 1ST CREDIT UNION 8 3.47% $2,097
American Bank and Trust Company 8 3.14% $2,515
GUARANTEED RATE, INC. 7 3.09% $2,607
NEWREZ LLC 7 3.07% $3,322
HOMESERVICES LENDING, LLC 7 3.04% $2,554
Great Western Bank 6 3.08% $2,008
BROKER SOLUTIONS, INC. 6 3.37% $4,733
Vibrant Credit Union 6 2.75% $2,122
FIRST 6 3.08% $2,133
Mr. Cooper ( Nationstar Mortgage ) 6 3.33% $7,267
Community Savings Bank 5 2.53% $1,856
Farm Credit Mid-America, ACA 5 3.49% $7,563
Bankers Trust Company 5 2.68% $2,054
AMCAP MORTGAGE, LTD. 5 3.43% $3,767
FREEDOM MORTGAGE CORPORATION 4 3.19% $3,564
Regions Bank 4 3.06% $2,848
Farmers State Bank 4 3.47% $1,606
PNC Bank 4 3.22% $3,403
MUTUAL OF OMAHA MORTGAGE, INC. 4 3.09% $3,359
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.47% $3,339
Ally Bank 3 3.25% $2,406
ASCENTRA 3 3.00% $2,145
Bank of America 3 3.00% $2,529
Bank of the West 3 3.21% $3,703
Baxter Credit Union 3 2.58% $2,080
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 3.08% $4,596
Deere Employees Credit Union 3 2.29% $2,789
Fifth Third Bank 3 3.54% $2,980
FINANCE OF AMERICA MORTGAGE LLC 3 3.58% $2,915
GERSHMAN INVESTMENT CORP. 3 2.71% $3,069
GUILD MORTGAGE COMPANY 3 3.33% $3,167
Midwest Heritage Bank FSB 3 3.25% $1,980
OPEN MORTGAGE, LLC 3 3.58% $5,397
Waterstone Mortgage Corporation 3 2.79% $4,807
West Gate Bank 3 3.04% $1,712
EMBRACE HOME LOANS, INC. 2 4.13% $3,215
Bank Midwest 2 3.25% $2,690
Bank Iowa 2 2.75% $2,091
HOMESIDE FINANCIAL, LLC 2 2.75% $2,195
Arbor Bank 2 3.31% $2,212
NAVY FEDERAL CREDIT UNION 2 3.56% $1,431
NBKC BANK 2 2.81% $2,173
LAND HOME FINANCIAL SERVICES, INC. 2 2.75% $6,506
Lincoln Savings Bank 2 2.75% $2,026
Fidelity Bank & Trust 2 3.31% $1,680
Northwest Bank 2 3.06% $2,201
BOKF 2 3.88% $2,456
Citizens Bank 2 2.94% $2,011
Luana Savings Bank 2 2.94% $886
Paramount Residential Mortgage Group, Inc. 2 3.06% $3,879
Farmers & Merchants Savings Bank 2 2.88% $1,170
AmeriHome Mortgage Company, LLC 2 3.38% $2,416
INLANTA MORTGAGE, INC. 2 3.25% $2,965
CROSSCOUNTRY MORTGAGE, LLC 2 3.19% $1,265
CHURCHILL MORTGAGE CORPORATION 2 3.25% $2,544
AMERICAN FINANCING CORPORATION 2 2.81% $4,120
BLUELEAF LENDING, LLC 2 3.06% $3,261
First Horizon Bank 2 2.88% $2,039
Mortgage Research Center, LLC 2 3.13% $4,718
HOME POINT FINANCIAL CORPORATION 2 2.56% $1,977
FIRST STATE MORTGAGE SERVICES, LLC 2 3.06% $2,376
Flagstar Bank, FSB 2 2.97% $2,748
Peoples Bank 1 3.00% $2,473
PLAZA HOME MORTGAGE, INC. 1 2.88% $2,971
PREMIA MORTGAGE, LLC 1 2.75% $650
Bank of England 1 3.13% $3,741
RBC Bank, (Georgia) 1 3.75% $1,650
ROYAL UNITED MORTGAGE LLC 1 2.63% $5,724
SENB Bank 1 3.00% $1,959
Serve Credit Union 1 3.25% $2,919
Servion, Inc. 1 3.25% $2,519
SOFI LENDING CORP. 1 3.00% $5,592
TCF National Bank 1 3.25% $2,789
The Federal Savings Bank 1 3.38% $1,864
The Huntington National Bank 1 2.88% $3,419
TIAA, FSB 1 2.88% $4,218
Triumph Bank 1 3.13% $3,944
UNION HOME MORTGAGE CORP. 1 3.25% $3,705
UNITED 1 3.00% $1,954
Fortress Bank 1 2.88% $2,123
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.25% $1,666
AMERICAN INTERNET MORTGAGE, INC. 1 2.75% $2,897
First Guaranty Mortgage Corporation 1 2.88% $7,700
First PREMIER Bank 1 2.75% $4,848
First Savings Bank 1 3.00% $2,834
UNIVERSAL LENDING CORPORATION 1 3.38% $1,765
First Federal Bank 1 3.38% $5,241
GAS AND ELECTRIC CREDIT UNION 1 2.88% $4,605
VisionBank of Iowa 1 2.88% $1,330
FirstBank 1 2.88% $1,334
GUARANTEED RATE AFFINITY, LLC 1 2.50% $50
Wyndham Capital Mortgage, Inc. 1 3.25% $1,560
EMM LOANS LLC 1 2.99% $13,428
Home State Bank 1 2.75% $3,866
DuTrac Community Credit Union 1 3.25% $2,519
Ixonia Bank 1 3.38% $2,886
COMPASS MORTGAGE, INC. 1 3.88% $2,802
KELLER MORTGAGE, LLC 1 2.63% $1,549
Community Mortgage Banc Corporation 1 3.58% $1,714
Merchants Bank 1 3.03% $1,900
Midland States Bank 1 4.75% $2,655
AMERICAN FINANCIAL NETWORK, INC. 1 2.99% $10,414
MOVEMENT MORTGAGE, LLC 1 3.25% $2,452
Chickasaw Community Bank 1 3.38% $2,948
Chicago Mortgage Solutions LLC 1 2.74% $1,118
CANOPY MORTGAGE, LLC 1 3.38% $975
North American Savings Bank, F.S.B. 1 2.75% $1,521
Byron Bank 1 2.71% $1,224
Old National Bank 1 3.13% $3,721
ZILLOW HOME LOANS, LLC 1 3.00% $2,611
BNC National Bank 1 3.88% $2,823
PENTAGON FEDERAL CREDIT UNION 1 2.50% $5,025

IOWA CITY, IA's 138 lenders originated 9,642 loans during 2021. The total origination value was $2,018,960,000, with an average loan value of $209,392.

The top IOWA CITY lender as defined by loan originations is GREENSTATE CREDIT UNION, with 1,554 loans originated. Their average total fees are $1,762, which is $148 higher than the next largest lender, Hills Bank and Trust Company.

The lowest fee IOWA CITY lenders (with over 10 loans originated) are Associated Bank ($950), Hills Bank and Trust Company ($1,614), Collins Community Credit Union ($1,652), VERIDIAN CREDIT UNION ($1,694) and GREENSTATE CREDIT UNION ($1,762).

The lowest rate IOWA CITY lenders (with over 10 loans originated) are Associated Bank (2.70%), RUHL MORTGAGE, LLC (2.78%), Hills Bank and Trust Company (2.81%), RESIDENTIAL MORTGAGE NETWORK, INC. (2.85%) and DUPACO COMMUNITY (2.87%).

IOWA CITY, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
GREENSTATE CREDIT UNION $703,065,000 $656,915,000 -6.6% 32.5%
Hills Bank and Trust Company $550,965,000 $548,780,000 -0.4% 27.2%
MidWestOne Bank $100,025,000 $92,330,000 -7.7% 4.6%
RESIDENTIAL MORTGAGE NETWORK, INC. $78,870,000 $90,120,000 14.3% 4.5%
West Bank $37,330,000 $55,850,000 49.6% 2.8%
Collins Community Credit Union $52,990,000 $46,810,000 -11.7% 2.3%
VERIDIAN CREDIT UNION $37,285,000 $40,620,000 8.9% 2.0%
U.S. Bank $34,805,000 $38,565,000 10.8% 1.9%
QUICKEN LOANS, LLC $33,145,000 $36,670,000 10.6% 1.8%
CBI Bank & Trust $55,635,000 $35,775,000 -35.7% 1.8%
IOWA BANKERS MORTGAGE CORPORATION $24,020,000 $22,190,000 -7.6% 1.1%
Wells Fargo Bank $15,970,000 $19,300,000 20.9% 1.0%
Washington State Bank $22,440,000 $17,905,000 -20.2% 0.9%
Great Western Bank $22,155,000 $16,000,000 -27.8% 0.8%
PENNYMAC LOAN SERVICES, LLC $6,210,000 $11,045,000 77.9% 0.5%
Central State Bank $29,150,000 $10,640,000 -63.5% 0.5%
Ohnward Bank & Trust $10,615,000 n/a 0.5%
Farmers State Bank $3,510,000 $9,800,000 179.2% 0.5%
Luana Savings Bank $2,570,000 $9,665,000 276.1% 0.5%
RUHL MORTGAGE, LLC $27,265,000 $9,230,000 -66.1% 0.5%
Merchants Bank of Indiana $9,075,000 n/a 0.4%
Mortgage Research Center, LLC $4,340,000 $8,730,000 101.2% 0.4%
Two Rivers Bank & Trust $4,915,000 $7,970,000 62.2% 0.4%
LOANDEPOT.COM, LLC $2,645,000 $7,445,000 181.5% 0.4%
BETTER MORTGAGE CORPORATION $2,400,000 $6,900,000 187.5% 0.3%
FREEDOM MORTGAGE CORPORATION $4,730,000 $6,895,000 45.8% 0.3%
Associated Bank $8,035,000 $6,480,000 -19.4% 0.3%
DUPACO COMMUNITY $25,285,000 $6,465,000 -74.4% 0.3%
AMERISAVE MORTGAGE CORPORATION $5,275,000 $6,270,000 18.9% 0.3%
LINN AREA $5,985,000 $5,745,000 -4.0% 0.3%
Servion, Inc. $7,445,000 $5,535,000 -25.7% 0.3%
JPMorgan Chase Bank $4,380,000 $5,365,000 22.5% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $4,210,000 $4,970,000 18.1% 0.2%
Bankers Trust Company $25,150,000 $4,195,000 -83.3% 0.2%
BankIowa of Cedar Rapids $4,415,000 $4,165,000 -5.7% 0.2%
UNITED WHOLESALE MORTGAGE, LLC $2,590,000 $4,115,000 58.9% 0.2%
Northpointe Bank $3,170,000 $4,040,000 27.4% 0.2%
HOMESERVICES LENDING, LLC $1,545,000 $3,565,000 130.7% 0.2%
CALIBER HOME LOANS, INC. $3,035,000 $3,525,000 16.1% 0.2%
Farm Credit Mid-America, ACA $5,340,000 $3,520,000 -34.1% 0.2%
21ST MORTGAGE CORPORATION $2,345,000 $3,195,000 36.2% 0.2%
OPEN MORTGAGE, LLC $660,000 $2,935,000 344.7% 0.1%
BROKER SOLUTIONS, INC. $2,950,000 $2,670,000 -9.5% 0.1%
HOME POINT FINANCIAL CORPORATION $945,000 $2,660,000 181.5% 0.1%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $2,645,000 n/a 0.1%
AMCAP MORTGAGE, LTD. $505,000 $2,510,000 397.0% 0.1%
GUILD MORTGAGE COMPANY $2,715,000 $2,435,000 -10.3% 0.1%
Community Savings Bank $1,160,000 $2,400,000 106.9% 0.1%
Fidelity Bank & Trust $1,875,000 $2,330,000 24.3% 0.1%
NEWREZ LLC $2,560,000 $2,325,000 -9.2% 0.1%
GUARANTEED RATE, INC. $1,065,000 $2,175,000 104.2% 0.1%
COMMUNITY 1ST CREDIT UNION $2,070,000 $2,080,000 0.5% 0.1%
USAA Federal Savings Bank $1,100,000 $2,075,000 88.6% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,660,000 $2,060,000 24.1% 0.1%
I. H. MISSISSIPPI VALLEY CREDIT UNION $3,865,000 $2,020,000 -47.7% 0.1%
NEW DAY FINANCIAL, LLC $1,105,000 $1,935,000 75.1% 0.1%
Farmers & Merchants Savings Bank $3,000,000 $1,795,000 -40.2% 0.1%
Paramount Residential Mortgage Group, Inc. $245,000 $1,770,000 622.4% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $1,600,000 $1,755,000 9.7% 0.1%
Mount Vernon Bank and Trust Company $4,505,000 $1,745,000 -61.3% 0.1%
First Horizon Bank $1,690,000 n/a 0.1%
American Bank and Trust Company $535,000 $1,685,000 215.0% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $185,000 $1,680,000 808.1% 0.1%
Flagstar Bank, FSB $880,000 $1,660,000 88.6% 0.1%
Vibrant Credit Union $2,930,000 $1,650,000 -43.7% 0.1%
FIRST $1,795,000 $1,600,000 -10.9% 0.1%
HOMESIDE FINANCIAL, LLC $1,185,000 $1,600,000 35.0% 0.1%
PLANET HOME LENDING, LLC $1,710,000 $1,455,000 -14.9% 0.1%
NAVY FEDERAL CREDIT UNION $2,865,000 $1,405,000 -51.0% 0.1%
Waterstone Mortgage Corporation $2,440,000 $1,395,000 -42.8% 0.1%
LAKEVIEW LOAN SERVICING, LLC $975,000 $1,355,000 39.0% 0.1%
CROSSCOUNTRY MORTGAGE, LLC $1,160,000 $1,350,000 16.4% 0.1%
Ally Bank $445,000 $1,310,000 194.4% 0.1%
INLANTA MORTGAGE, INC. $1,695,000 $1,230,000 -27.4% 0.1%
CHURCHILL MORTGAGE CORPORATION $900,000 $1,215,000 35.0% 0.1%
Bank of America $2,010,000 $1,205,000 -40.0% 0.1%
Midwest Heritage Bank FSB $1,695,000 $1,145,000 -32.4% 0.1%
PNC Bank $500,000 $1,130,000 126.0% 0.1%
GERSHMAN INVESTMENT CORP. $770,000 $1,115,000 44.8% 0.1%
GUARANTEED RATE AFFINITY, LLC $355,000 $1,080,000 204.2% 0.1%
West Gate Bank $560,000 $1,050,000 87.5% 0.1%
PLAZA HOME MORTGAGE, INC. $215,000 $1,040,000 383.7% 0.1%
Northwest Bank $1,735,000 $1,015,000 -41.5% 0.1%
Regions Bank $1,755,000 $1,010,000 -42.5% 0.1%
AMERICAN INTERNET MORTGAGE, INC. $960,000 n/a 0.0%
TIAA, FSB $185,000 $960,000 418.9% 0.0%
Citizens Bank $1,315,000 $955,000 -27.4% 0.0%
Lincoln Savings Bank $505,000 $950,000 88.1% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $920,000 n/a 0.0%
Carrington Mortgage Services, LLC $235,000 $920,000 291.5% 0.0%
The Security National Bank of Sioux City, Iowa $910,000 n/a 0.0%
Farmers State Bank $3,510,000 $905,000 -74.2% 0.0%
AmeriHome Mortgage Company, LLC $165,000 $870,000 427.3% 0.0%
EMBRACE HOME LOANS, INC. $235,000 $855,000 263.8% 0.0%
The Federal Savings Bank $1,850,000 $855,000 -53.8% 0.0%
Baxter Credit Union $830,000 n/a 0.0%
SOFI LENDING CORP. $480,000 $825,000 71.9% 0.0%
FINANCE OF AMERICA MORTGAGE LLC $335,000 $820,000 144.8% 0.0%
InterContinental Capital Group, Inc $115,000 $805,000 600.0% 0.0%
AMERICAN FINANCING CORPORATION $245,000 $755,000 208.2% 0.0%
BLUELEAF LENDING, LLC $340,000 $750,000 120.6% 0.0%
BOKF $675,000 $740,000 9.6% 0.0%
First Guaranty Mortgage Corporation $735,000 n/a 0.0%
NBKC BANK $205,000 $725,000 253.7% 0.0%
Deere Employees Credit Union $755,000 $675,000 -10.6% 0.0%
VILLAGE CAPITAL & INVESTMENT LLC $720,000 $675,000 -6.3% 0.0%
Truist Bank $1,010,000 $670,000 -33.7% 0.0%
Bank Iowa $665,000 n/a 0.0%
Barrington Bank & Trust Company, N.A. $1,340,000 $665,000 -50.4% 0.0%
Strong Home Mortgage, LLC $615,000 n/a 0.0%
Bank of the West $435,000 $600,000 37.9% 0.0%
Fifth Third Bank $555,000 $570,000 2.7% 0.0%
ALLIANT $490,000 $565,000 15.3% 0.0%
Central Bank $935,000 $550,000 -41.2% 0.0%
UNIVERSAL LENDING CORPORATION $265,000 $520,000 96.2% 0.0%
Byron Bank $690,000 $505,000 -26.8% 0.0%
Arbor Bank $515,000 $500,000 -2.9% 0.0%
Low VA Rates, LLC $400,000 $495,000 23.8% 0.0%
Old National Bank $495,000 n/a 0.0%
ASCENTRA $890,000 $485,000 -45.5% 0.0%
GNB Bank $390,000 $485,000 24.4% 0.0%
UNITED $970,000 $485,000 -50.0% 0.0%
ZILLOW HOME LOANS, LLC $480,000 n/a 0.0%
PROPER RATE, LLC $475,000 n/a 0.0%
SIRVA MORTGAGE, INC. $195,000 $475,000 143.6% 0.0%
Raccoon Valley Bank $840,000 $460,000 -45.2% 0.0%
NP, Inc. $155,000 $430,000 177.4% 0.0%
TCF National Bank $75,000 $425,000 466.7% 0.0%
Magnolia Bank $675,000 $390,000 -42.2% 0.0%
Wyndham Capital Mortgage, Inc. $385,000 n/a 0.0%
First Central State Bank $265,000 $375,000 41.5% 0.0%
Peoples Bank $3,430,000 $370,000 -89.2% 0.0%
FirstBank $530,000 $360,000 -32.1% 0.0%
LAND HOME FINANCIAL SERVICES, INC. $1,560,000 $360,000 -76.9% 0.0%
First PREMIER Bank $345,000 n/a 0.0%
Denver Savings Bank $335,000 n/a 0.0%
Merchants Bank $435,000 $330,000 -24.1% 0.0%
Bank of Springfield $325,000 n/a 0.0%
GAS AND ELECTRIC CREDIT UNION $285,000 $325,000 14.0% 0.0%
The Huntington National Bank $315,000 n/a 0.0%
North American Savings Bank, F.S.B. $955,000 $310,000 -67.5% 0.0%
AMERICAN PORTFOLIO MORTGAGE CORPORATION $295,000 n/a 0.0%
DuTrac Community Credit Union $290,000 n/a 0.0%
TBK BANK, SSB $285,000 n/a 0.0%
FIRST STATE MORTGAGE SERVICES, LLC $155,000 $280,000 80.6% 0.0%
Fortress Bank $635,000 $275,000 -56.7% 0.0%
Bank Midwest $270,000 n/a 0.0%
Goldwater Bank, N.A. $265,000 n/a 0.0%
PHH Mortgage Corporation $105,000 $265,000 152.4% 0.0%
PREMIA MORTGAGE, LLC $265,000 n/a 0.0%
EMM LOANS LLC $605,000 $255,000 -57.9% 0.0%
Quad City Bank and Trust Company $1,110,000 $255,000 -77.0% 0.0%
Stifel Bank and Trust $395,000 $255,000 -35.4% 0.0%
BMO Harris Bank $460,000 $245,000 -46.7% 0.0%
Chickasaw Community Bank $75,000 $245,000 226.7% 0.0%
Community Mortgage Banc Corporation $245,000 n/a 0.0%
First Midwest Bank $230,000 $245,000 6.5% 0.0%
KELLER MORTGAGE, LLC $1,150,000 $245,000 -78.7% 0.0%
MID AMERICA MORTGAGE, INC. $480,000 $245,000 -49.0% 0.0%
Citizens State Bank $1,435,000 $235,000 -83.6% 0.0%
Ixonia Bank $235,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $235,000 $235,000 0.0% 0.0%
Bank of England $225,000 n/a 0.0%
United Community Bank $225,000 n/a 0.0%
Heartland Bank and Trust Company $220,000 n/a 0.0%
Home State Bank $215,000 n/a 0.0%
Liberty Savings Bank, F.S.B. $215,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $205,000 n/a 0.0%
THE FAMILY CREDIT UNION $275,000 $205,000 -25.5% 0.0%
UNION HOME MORTGAGE CORP. $205,000 n/a 0.0%
United Bank of Iowa $205,000 n/a 0.0%
Cedar Rapids Bank and Trust Company $2,440,000 $200,000 -91.8% 0.0%
Serve Credit Union $200,000 n/a 0.0%
Chicago Mortgage Solutions LLC $195,000 n/a 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $380,000 $195,000 -48.7% 0.0%
Availa Bank $215,000 $185,000 -14.0% 0.0%
COMPASS MORTGAGE, INC. $285,000 $185,000 -35.1% 0.0%
Farmers National Bank $155,000 $175,000 12.9% 0.0%
FLAT BRANCH MORTGAGE, INC. $305,000 $175,000 -42.6% 0.0%
Kerndt Brothers Savings Bank $1,520,000 $175,000 -88.5% 0.0%
Marine Bank $115,000 $175,000 52.2% 0.0%
SUMMIT FUNDING, INC. $175,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $185,000 $175,000 -5.4% 0.0%
VisionBank of Iowa $225,000 $175,000 -22.2% 0.0%
CEDAR FALLS COMMUNITY CREDIT UNION $220,000 $170,000 -22.7% 0.0%
CASTLE & COOKE MORTGAGE, LLC $165,000 n/a 0.0%
FINANCE OF AMERICA REVERSE LLC $165,000 n/a 0.0%
MOVEMENT MORTGAGE, LLC $225,000 $165,000 -26.7% 0.0%
SENB Bank $1,605,000 $165,000 -89.7% 0.0%
Triumph Bank $165,000 n/a 0.0%
United Fidelity Funding Corp. $155,000 n/a 0.0%
AMERICAN ADVISORS GROUP $150,000 n/a 0.0%
NETWORK CAPITAL FUNDING CORPORATION $145,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $1,235,000 $140,000 -88.7% 0.0%
CANOPY MORTGAGE, LLC $135,000 n/a 0.0%
First Savings Bank $145,000 $125,000 -13.8% 0.0%
RBC Bank, (Georgia) $125,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $575,000 $125,000 -78.3% 0.0%
First Federal Bank $380,000 $115,000 -69.7% 0.0%
Midland States Bank $115,000 n/a 0.0%
Tradition Mortgage, LLC $465,000 $115,000 -75.3% 0.0%
Figure Lending LLC $110,000 n/a 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $690,000 $105,000 -84.8% 0.0%
BNC National Bank $95,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $95,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $420,000 $85,000 -79.8% 0.0%
Bank First, N.A. $85,000 n/a 0.0%
Renasant Bank $85,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $85,000 $85,000 0.0% 0.0%
Morton Community Bank $55,000 n/a 0.0%
Centier Bank $250,000 $45,000 -82.0% 0.0%
RIVER VALLEY CREDIT UNION $25,000 n/a 0.0%

IOWA CITY's top lender by overall market share is GREENSTATE CREDIT UNION, with 32.5% market share. In second place, with 27.2%, is Hills Bank and Trust Company, having originated $548,780,000 in loans. In third place, with 4.6%, is MidWestOne Bank, having originated $92,330,000 in loans. In third place, with 4.5%, is RESIDENTIAL MORTGAGE NETWORK, INC., having originated $90,120,000 in loans. In third place, with 2.8%, is West Bank, having originated $55,850,000 in loans.



IOWA CITY Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - IOWA CITY (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 $297,450 (6.3%) $328,848 (6.9%) 1.10 852
2018-02-01 $287,250 (2.6%) $324,039 (4.7%) 1.04 978
2018-03-01 $294,900 (6.5%) $339,285 (10.6%) 1.02 935
2018-04-01 $311,500 (15.4%) $351,487 (16.1%) 1.05 940
2018-05-01 $300,000 (8.1%) $344,127 (13.3%) 1.00 1,024
2018-06-01 $294,900 (5.4%) $337,165 (8.8%) 0.98 1,041
2018-07-01 $288,400 (-0.5%) $335,765 (5.2%) 0.96 1,037
2018-08-01 $279,950 (-6.4%) $327,282 (-0.3%) 0.94 1,064
2018-09-01 $281,900 (-6.0%) $342,104 (4.6%) 0.94 1,105
2018-10-01 $279,450 (-5.8%) $324,457 (-0.2%) 0.93 1,089
2018-11-01 $274,900 (-7.9%) $322,606 (-1.7%) 0.92 1,043
2018-12-01 $279,900 (-6.0%) $328,153 (-0.1%) 0.96 961
2019-01-01 $281,900 (-5.2%) $320,406 (-2.6%) 0.97 952
2019-02-01 $284,900 (-0.8%) $326,849 (0.9%) 0.95 1,047
2019-03-01 $282,371 (-4.3%) $327,216 (-3.6%) 0.92 1,278
2019-04-01 $279,421 (-10.3%) $322,537 (-8.2%) 0.88 1,520
2019-05-01 $280,900 (-6.4%) $318,680 (-7.4%) 0.87 1,556
2019-06-01 $284,900 (-3.4%) $324,965 (-3.6%) 0.88 1,484
2019-07-01 $284,900 (-1.2%) $325,163 (-3.2%) 0.89 1,386
2019-08-01 $282,757 (1.0%) $324,495 (-0.9%) 0.89 1,319
2019-09-01 $279,950 (-0.7%) $321,010 (-6.2%) 0.89 1,280
2019-10-01 $280,900 (0.5%) $323,174 (-0.4%) 0.90 1,274
2019-11-01 $279,900 (1.8%) $320,863 (-0.5%) 0.90 1,211
2019-12-01 $280,900 (0.4%) $318,362 (-3.0%) 0.94 1,096
2020-01-01 $275,000 (-2.5%) $310,998 (-2.9%) 0.92 1,102
2020-02-01 $277,500 (-2.6%) $311,315 (-4.8%) 0.90 1,287
2020-03-01 $273,900 (-3.0%) $310,489 (-5.1%) 0.86 1,572
2020-04-01 $276,250 (-1.1%) $314,927 (-2.4%) 0.86 1,589
2020-05-01 $275,000 (-2.1%) $318,680 (0.0%) 0.83 1,592
2020-06-01 $277,450 (-2.6%) $326,278 (0.4%) 0.81 1,548
2020-07-01 $279,900 (-1.8%) $326,379 (0.4%) 0.80 1,430
2020-08-01 $279,900 (-1.0%) $328,480 (1.2%) 0.80 1,314
2020-09-01 $277,000 (-1.1%) $329,892 (2.8%) 0.79 1,279
2020-10-01 $279,000 (-0.7%) $329,177 (1.9%) 0.80 1,216
2020-11-01 $280,082 (0.1%) $331,285 (3.3%) 0.80 1,099
2020-12-01 $280,950 (0.0%) $333,041 (4.6%) 0.82 962
2021-01-01 $285,000 (3.6%) $335,756 (8.0%) 0.84 815
2021-02-01 $289,450 (4.3%) $340,115 (9.3%) 0.83 978
2021-03-01 $289,900 (5.8%) $338,201 (8.9%) 0.81 1,063
2021-04-01 $289,925 (5.0%) $337,325 (7.1%) 0.78 1,142
2021-05-01 $294,057 (6.9%) $341,033 (7.0%) 0.77 1,126
2021-06-01 $296,950 (7.0%) $351,001 (7.6%) 0.77 1,054
2021-07-01 $294,400 (5.2%) $353,000 (8.2%) 0.76 1,024
2021-08-01 $299,900 (7.2%) $372,862 (13.5%) 0.79 907
2021-09-01 $301,450 (8.8%) $378,947 (14.9%) 0.79 803
2021-10-01 $299,900 (7.5%) $374,971 (13.9%) 0.79 795
2021-11-01 $299,400 (6.9%) $375,884 (13.5%) 0.79 784
2021-12-01 $289,500 (3.0%) $365,467 (9.7%) 0.77 745
2022-01-01 $298,900 (4.9%) $361,002 (7.5%) 0.80 705
2022-02-01 $307,000 (6.1%) $362,227 (6.5%) 0.78 795
2022-03-01 $310,000 (6.9%) $366,660 (8.4%) 0.77 884
2022-04-01 $319,900 (10.3%) $377,970 (12.1%) 0.75 1,019
2022-05-01 $319,900 (8.8%) $383,966 (12.6%) 0.72 999
2022-06-01 $325,000 (9.5%) $394,923 (12.5%) 0.72 975
IOWA CITY's median listing price for 2022-06-01 was $325,000, a difference of $28,050 (9.5%) versus the prior year and $5,100 versus the prior month.

IOWA CITY's median listing price comes in at 72% of the national average.

IOWA CITY's average listing price for 2022-06-01 was $394,923, a difference of $43,922 (12.5%) versus the prior year and $10,957 versus the prior month.

For the 2022-06-01 period, IOWA CITY had 975 MLS listings, a difference of -24 listings (-2%) versus the prior month and -79 listings (-7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - IOWA CITY (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 46 days 2,154 sqft
2018-02-01 40 days 2,137 sqft
2018-03-01 43 days 2,190 sqft
2018-04-01 51 days 2,210 sqft
2018-05-01 58 days 2,185 sqft
2018-06-01 60 days 2,176 sqft
2018-07-01 62 days 2,138 sqft
2018-08-01 61 days 2,124 sqft
2018-09-01 64 days 2,110 sqft
2018-10-01 70 days 2,124 sqft
2018-11-01 77 days 2,100 sqft
2018-12-01 95 days 2,120 sqft
2019-01-01 46 days 2,137 sqft
2019-02-01 39 days 2,137 sqft
2019-03-01 56 days 2,115 sqft
2019-04-01 53 days 2,078 sqft
2019-05-01 58 days 2,097 sqft
2019-06-01 60 days 2,136 sqft
2019-07-01 61 days 2,137 sqft
2019-08-01 59 days 2,123 sqft
2019-09-01 62 days 2,096 sqft
2019-10-01 65 days 2,065 sqft
2019-11-01 75 days 2,062 sqft
2019-12-01 91 days 2,046 sqft
2020-01-01 53 days 2,001 sqft
2020-02-01 39 days 1,972 sqft
2020-03-01 51 days 1,987 sqft
2020-04-01 55 days 2,027 sqft
2020-05-01 66 days 2,028 sqft
2020-06-01 70 days 2,036 sqft
2020-07-01 67 days 2,010 sqft
2020-08-01 68 days 2,005 sqft
2020-09-01 67 days 1,989 sqft
2020-10-01 66 days 1,987 sqft
2020-11-01 68 days 1,998 sqft
2020-12-01 76 days 1,987 sqft
2021-01-01 59 days 2,010 sqft
2021-02-01 37 days 1,987 sqft
2021-03-01 44 days 1,972 sqft
2021-04-01 45 days 1,941 sqft
2021-05-01 49 days 1,909 sqft
2021-06-01 50 days 1,933 sqft
2021-07-01 50 days 1,932 sqft
2021-08-01 51 days 1,977 sqft
2021-09-01 59 days 1,957 sqft
2021-10-01 52 days 1,920 sqft
2021-11-01 50 days 1,925 sqft
2021-12-01 60 days 1,866 sqft
2022-01-01 44 days 1,868 sqft
2022-02-01 48 days 1,946 sqft
2022-03-01 47 days 1,926 sqft
2022-04-01 38 days 1,950 sqft
2022-05-01 52 days 1,964 sqft
2022-06-01 59 days 1,975 sqft
IOWA CITY's median listing age (time on market) for 2022-06-01 was 59 days. This is 17% longer than the same period one year ago.

IOWA CITY's median square footage for active listings during the 2022-06-01 period was 1,975 sqft. One year prior, the average listing was 1,933 sqft.

IOWA CITY, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 4,210 $902,540,000 $214,380
Refi 2,981 $716,705,000 $240,424
Cash Out Refi 1,367 $314,925,000 $230,377
Home Improvement 602 $40,810,000 $67,791
Other 481 $41,335,000 $85,936
NA 1 $2,645,000 $2,645,000

Iowa City's most frequently cited loan purpose was Home Purchase, with 4,210 originations. The 2nd most popular reason was Refi, with 2,981 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
2.5-3% 3,458 $811,970,000 $234,809
3-4% 3,058 $527,520,000 $172,505
<2.5% 1,952 $491,320,000 $251,701
4-5% 657 $61,915,000 $94,239
5-6% 138 $9,330,000 $67,609
6-7% 51 $3,485,000 $68,333
7-8% 26 $1,510,000 $58,077
Over 8% 25 $975,000 $39,000

During 2021, Iowa City's most frequently originated rate bucket was 2.5-3%, with 3,458 originations.

Loan Sizing (IOWA CITY, IA MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 3,175 $860,645,000 $271,069
$100k-200k 3,130 $478,870,000 $152,994
$100,000 or less 2,621 $126,995,000 $48,453
$400k-600k 582 $275,720,000 $473,746
$600k-1000k 78 $58,640,000 $751,795
$Over $1MM 56 $218,090,000 $3,894,464

IOWA CITY's loan sizing saw the bucket of loans from $200k-400k with 3,175 originations, totaling $860,645,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,962 $784,310,000 $264,791
60-80% 2,800 $732,510,000 $261,611
Under 20% 1,580 $63,020,000 $39,886
40-60% 1,044 $201,330,000 $192,845
20-40% 875 $99,825,000 $114,086
Over 100% 34 $13,800,000 $405,882

IOWA CITY's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,962 originations, totaling $784,310,000 in origination value.