Marshalltown Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Marshalltown, IA.

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.).

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
IOWA BANKERS MORTGAGE CORPORATION 32 6.35% $2,612
Alerus Financial 18 6.38% $2,760
GREENSTATE CREDIT UNION 13 6.57% $2,404
Northwest Bank 12 6.48% $3,486
U.S. Bank 12 6.47% $3,015
Wells Fargo Bank 9 6.92% $4,110
QUICKEN LOANS, LLC 7 6.87% $6,825
First Interstate Bank 7 6.96% $2,478
West Gate Bank 5 6.48% $3,544
GUILD MORTGAGE COMPANY 4 7.00% $2,980
AMERICAN PACIFIC MORTGAGE CORPORATION 4 7.06% $4,116
GUARANTEED RATE, INC. 4 6.77% $3,811
Flagstar Bank, FSB 3 6.79% $4,667
Mr. Cooper ( Nationstar Mortgage ) 3 6.95% $6,431
VERIDIAN CREDIT UNION 3 6.13% $2,021
CARDINAL FINANCIAL 3 7.12% $6,628
Farm Credit Mid-America, ACA 3 7.21% $7,390
Fortress Bank 3 6.17% $3,930
GERSHMAN INVESTMENT CORP. 2 6.88% $3,244
AmeriHome Mortgage Company, LLC 2 7.31% $3,253
Barrington Bank & Trust Company, N.A. 2 6.31% $2,919
BROKER SOLUTIONS, INC. 2 7.00% $3,268
COMMUNITY 1ST CREDIT UNION 2 7.00% $2,674
Community Choice Credit Union 2 6.44% $2,564
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.63% $3,584
Luana Savings Bank 2 6.56% $1,251
MidWestOne Bank 2 7.19% $2,322
NAVY FEDERAL CREDIT UNION 2 6.88% $1,804
NEWREZ LLC 2 6.06% $3,428
STOCKTON MORTGAGE CORPORATION 2 6.25% $5,419
LOANDEPOT.COM, LLC 1 6.99% $7,126
ENDEAVOR CAPITAL, LLC. 1 6.88% $5,256
Central Bank 1 5.13% $3,012
Morgan Stanley Private Bank 1 5.95% $2,605
Mortgage Research Center, LLC 1 5.88% $6,802
Great Southern Bank 1 6.63% $3,125
CBI Bank & Trust 1 7.00% $3,127
Bank Iowa 1 6.63% $3,962
Farmers State Bank 1 6.75% $2,693
PENNYMAC LOAN SERVICES, LLC 1 6.75% $3,366
ENVOY MORTGAGE, LTD 1 6.63% $3,131
RESIDENTIAL MORTGAGE NETWORK, INC. 1 8.13% $2,540
Stifel Bank and Trust 1 5.38% $2,832
ZILLOW HOME LOANS, LLC 1 6.63% $2,775
The Central Trust Bank 1 7.88% $3,440
UMB Bank 1 6.34% $2,075
HOMESIDE FINANCIAL, LLC 1 7.99% $785
GUARANTEED RATE AFFINITY, LLC 1 6.98% $0
JMAC LENDING, INC. 1 7.13% $3,688
JPMorgan Chase Bank 1 6.13% $0
Lincoln Savings Bank 1 6.88% $2,323

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.