Marshalltown Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Marshalltown averaged
6.47%
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
6.7% and
one month ago for the week of 2025-05-15, the
average rate was 6.57%.
Marshalltown's average rate one year ago was 6.71%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Marshalltown 30 Year Fixed Rate | 2025-06-18 | 6.47% |
| Marshalltown 30 Year Fixed Rate Refi | 2025-06-18 | 7.41% |
| Marshalltown 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Marshalltown 15 Year Fixed Rate Refi | 2025-06-18 | 6.56% |
| Marshalltown 30 Year FHA | 2025-06-18 | -0.1% |
| Marshalltown 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Marshalltown 30 Year USDA | 2025-06-18 | 0.1% |
| Marshalltown 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Marshalltown 30 Year VA | 2025-06-18 | -0.2% |
| Marshalltown 30 Year VA Refi | 2025-06-18 | 0.2% |
Marshalltown 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 Marshalltown, 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.).
Marshalltown Average Closing Costs & Other Stats
Marshalltown, IA's 51 lenders originated 551
loans during 2024. The total origination value was $78,125,000, with an average loan value of
$141,788.
Marshalltown's average closing costs are $3,811.
The top Marshalltown lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with
32 loans originated. Their average total fees are
$2,612, which is $148
lower than the next largest lender,
Alerus Financial.
The lowest fee Marshalltown lenders (with over 10 loans originated) are
GREENSTATE CREDIT UNION ($2,404), IOWA BANKERS MORTGAGE CORPORATION ($2,612), Alerus Financial ($2,760), U.S. Bank ($3,015) and Northwest Bank ($3,486).
The lowest rate Marshalltown lenders (with over 10 loans originated) are
IOWA BANKERS MORTGAGE CORPORATION (6.35%), Alerus Financial (6.38%), U.S. Bank (6.47%), Northwest Bank (6.48%) and GREENSTATE CREDIT UNION (6.57%).
Marshalltown, 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 |
|---|---|---|---|---|
| IOWA BANKERS MORTGAGE CORPORATION | $6,830,000 | $5,760,000 | -15.7% | 7.4% |
| QUICKEN LOANS, LLC | $2,545,000 | $3,995,000 | 57.0% | 5.1% |
| GNB Bank | $1,865,000 | $3,895,000 | 108.8% | 5.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $3,320,000 | $3,345,000 | 0.8% | 4.3% |
| U.S. Bank | $1,365,000 | $3,345,000 | 145.1% | 4.3% |
| Alerus Financial | $3,145,000 | n/a | 4.0% | |
| GREENSTATE CREDIT UNION | $2,920,000 | $2,900,000 | -0.7% | 3.7% |
| Mortgage Research Center, LLC | $1,445,000 | $2,695,000 | 86.5% | 3.4% |
| Northwest Bank | $1,205,000 | $2,315,000 | 92.1% | 3.0% |
| First Interstate Bank | $570,000 | $2,070,000 | 263.2% | 2.6% |
| MEMBERS1st Community Credit Union | $1,850,000 | $2,045,000 | 10.5% | 2.6% |
| GUARANTEED RATE, INC. | $6,645,000 | $1,835,000 | -72.4% | 2.3% |
| WaterStone Bank, SSB | $1,640,000 | n/a | 2.1% | |
| Fortress Bank | $155,000 | $1,505,000 | 871.0% | 1.9% |
| MidWestOne Bank | $1,645,000 | $1,480,000 | -10.0% | 1.9% |
| VERIDIAN CREDIT UNION | $2,190,000 | $1,435,000 | -34.5% | 1.8% |
| Wells Fargo Bank | $2,250,000 | $1,375,000 | -38.9% | 1.8% |
| Community Choice Credit Union | $255,000 | $1,310,000 | 413.7% | 1.7% |
| Farm Credit Mid-America, ACA | $1,085,000 | $1,195,000 | 10.1% | 1.5% |
| GERSHMAN INVESTMENT CORP. | $480,000 | $1,095,000 | 128.1% | 1.4% |
| STOCKTON MORTGAGE CORPORATION | $145,000 | $1,060,000 | 631.0% | 1.4% |
| NAVY FEDERAL CREDIT UNION | $250,000 | $995,000 | 298.0% | 1.3% |
| West Gate Bank | $965,000 | n/a | 1.2% | |
| GUILD MORTGAGE COMPANY | $1,455,000 | $930,000 | -36.1% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $875,000 | $850,000 | -2.9% | 1.1% |
| Barrington Bank & Trust Company, N.A. | $365,000 | $835,000 | 128.8% | 1.1% |
| PENNYMAC LOAN SERVICES, LLC | $545,000 | $800,000 | 46.8% | 1.0% |
| BROKER SOLUTIONS, INC. | $915,000 | $795,000 | -13.1% | 1.0% |
| CARDINAL FINANCIAL | $115,000 | $780,000 | 578.3% | 1.0% |
| South Story Bank & Trust | $630,000 | n/a | 0.8% | |
| NEWREZ LLC | $410,000 | $615,000 | 50.0% | 0.8% |
| Grinnell State Bank | $555,000 | n/a | 0.7% | |
| Morgan Stanley Private Bank | $515,000 | n/a | 0.7% | |
| Stifel Bank and Trust | $505,000 | n/a | 0.6% | |
| Mr. Cooper ( Nationstar Mortgage ) | $485,000 | n/a | 0.6% | |
| HOMESIDE FINANCIAL, LLC | $465,000 | $480,000 | 3.2% | 0.6% |
| VILLAGE CAPITAL MORTGAGE | $135,000 | $455,000 | 237.0% | 0.6% |
| GUARANTEED RATE AFFINITY, LLC | $435,000 | n/a | 0.6% | |
| Flagstar Bank, FSB | $435,000 | $410,000 | -5.7% | 0.5% |
| NEW DAY FINANCIAL, LLC | $395,000 | n/a | 0.5% | |
| COMMUNITY 1ST CREDIT UNION | $1,560,000 | $365,000 | -76.6% | 0.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,355,000 | $350,000 | -74.2% | 0.4% |
| AMERICAN FINANCING CORPORATION | $325,000 | n/a | 0.4% | |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $315,000 | n/a | 0.4% | |
| CBI Bank & Trust | $305,000 | n/a | 0.4% | |
| Servion, Inc. | $95,000 | $275,000 | 189.5% | 0.4% |
| USAA Federal Savings Bank | $225,000 | $275,000 | 22.2% | 0.4% |
| AmeriHome Mortgage Company, LLC | $270,000 | n/a | 0.3% | |
| HOMESERVICES LENDING, LLC | $420,000 | $270,000 | -35.7% | 0.3% |
| Availa Bank | $220,000 | $265,000 | 20.5% | 0.3% |
| BMO Harris Bank | $265,000 | n/a | 0.3% | |
| The Central Trust Bank | $265,000 | n/a | 0.3% | |
| Peoples Bank | $255,000 | n/a | 0.3% | |
| ENDEAVOR CAPITAL, LLC. | $250,000 | n/a | 0.3% | |
| Chelsea Savings Bank | $245,000 | n/a | 0.3% | |
| Lincoln Savings Bank | $2,010,000 | $240,000 | -88.1% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $235,000 | n/a | 0.3% | |
| Luana Savings Bank | $115,000 | $215,000 | 87.0% | 0.3% |
| RIVER VALLEY CREDIT UNION | $210,000 | n/a | 0.3% | |
| PLANET HOME LENDING, LLC | $205,000 | n/a | 0.3% | |
| NBKC BANK | $195,000 | n/a | 0.2% | |
| FREEDOM MORTGAGE CORPORATION | $115,000 | $190,000 | 65.2% | 0.2% |
| Farmers State Bank | $285,000 | $185,000 | -35.1% | 0.2% |
| Central Bank | $175,000 | n/a | 0.2% | |
| GREATER IOWA CREDIT UNION | $175,000 | n/a | 0.2% | |
| Figure Lending LLC | $185,000 | $165,000 | -10.8% | 0.2% |
| UMB Bank | $165,000 | n/a | 0.2% | |
| Bank Iowa | $700,000 | $160,000 | -77.1% | 0.2% |
| Great Southern Bank | $135,000 | $155,000 | 14.8% | 0.2% |
| Green Belt Bank & Trust | $170,000 | $155,000 | -8.8% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $155,000 | n/a | 0.2% | |
| MEMBER FIRST MORTGAGE, LLC | $135,000 | n/a | 0.2% | |
| FRONTIER FINANCIAL, INC. | $125,000 | $125,000 | 0.0% | 0.2% |
| LOANDEPOT.COM, LLC | $185,000 | $115,000 | -37.8% | 0.1% |
| ENVOY MORTGAGE, LTD | $205,000 | $105,000 | -48.8% | 0.1% |
| JMAC LENDING, INC. | $105,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $105,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $85,000 | $95,000 | 11.8% | 0.1% |
| Carrington Mortgage Services, LLC | $85,000 | n/a | 0.1% | |
| Bank of America | $65,000 | n/a | 0.1% | |
| Leighton State Bank | $65,000 | n/a | 0.1% | |
| DUPACO COMMUNITY | $205,000 | $55,000 | -73.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $45,000 | n/a | 0.1% | |
| Serve Credit Union | $35,000 | n/a | 0.0% | |
| Transportation Federal Credit Union | $35,000 | n/a | 0.0% | |
| AMERISAVE MORTGAGE CORPORATION | $25,000 | n/a | 0.0% | |
| Midwest Heritage Bank FSB | $15,000 | n/a | 0.0% | |
| PNC Bank | $15,000 | n/a | 0.0% |
Marshalltown's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 7.4% market share. In second place, with 5.1%, is QUICKEN LOANS, LLC, having originated $3,995,000 in loans. In third place, with 5.0%, is GNB Bank, having originated $3,895,000 in loans. In fourth place, with 4.3%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $3,345,000 in loans. In fifth place, with 4.3%, is U.S. Bank, having originated $3,345,000 in loans.
Marshalltown, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 361 | $59,295,000 | $164,252 |
| Cash Out Refi | 54 | $5,710,000 | $105,741 |
| Other | 50 | $3,800,000 | $76,000 |
| Home Improvement | 43 | $3,275,000 | $76,163 |
| Refi | 43 | $6,045,000 | $140,581 |
Marshalltown's most frequently cited loan purpose was Home Purchase, with 361 originations. The 2nd most popular reason was Cash Out Refi, with 54 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 220 | $35,450,000 | $161,136 |
| 7-8% | 87 | $11,725,000 | $134,770 |
| 5-6% | 72 | $11,100,000 | $154,167 |
| Over 8% | 58 | $3,990,000 | $68,793 |
| <2.5% | 20 | $180,000 | $9,000 |
| 4-5% | 3 | $625,000 | $208,333 |
| 3-4% | 1 | $85,000 | $85,000 |
During 2024, Marshalltown's most frequently originated rate bucket was 6-7%, with 220 originations.
Loan Sizing (Marshalltown, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 222 | $31,900,000 | $143,694 |
| $100,000 or less | 217 | $11,925,000 | $54,954 |
| $200k-400k | 92 | $23,990,000 | $260,761 |
| $400k-600k | 18 | $8,440,000 | $468,889 |
| $600k-1000k | 1 | $775,000 | $775,000 |
| $Over $1MM | 1 | $1,095,000 | $1,095,000 |
Marshalltown's loan sizing saw the bucket of loans from $100k-200k with 222 originations, totaling $31,900,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 231 | $39,985,000 | $173,095 |
| 60-80% | 73 | $11,675,000 | $159,932 |
| Under 20% | 56 | $1,440,000 | $25,714 |
| 20-40% | 52 | $3,440,000 | $66,154 |
| 40-60% | 43 | $5,275,000 | $122,674 |
| Over 100% | 2 | $420,000 | $210,000 |
Marshalltown's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 231 originations, totaling $39,985,000 in origination value.