Muscatine Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Muscatine averaged 6.71% 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 6.64% and one month ago for the week of 2025-05-15, the average rate was 6.81%.

Muscatine's average rate one year ago was 6.65%.

For refis of the same type during the week of 2025-06-18, the average rate was 6.81%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Muscatine 30 Year Fixed Rate 2025-06-18 6.71%
Muscatine 30 Year Fixed Rate Refi 2025-06-18 6.81%
Muscatine 15 Year Fixed Rate 2025-06-18 5.76%
Muscatine 15 Year Fixed Rate Refi 2025-06-18 6.16%
Muscatine 30 Year FHA 2025-06-18 0.1%
Muscatine 30 Year FHA Refi 2025-06-18 0%
Muscatine 30 Year USDA 2025-06-18 -0.1%
Muscatine 30 Year USDA Refi 2025-06-18 -0.1%
Muscatine 30 Year VA 2025-06-18 0.1%
Muscatine 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 Muscatine, IA.

Muscatine 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 Muscatine, 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
RUHL MORTGAGE, LLC 43 6.62% $2,128
CBI Bank & Trust 40 6.77% $2,793
GREENSTATE CREDIT UNION 33 6.34% $2,042
MidWestOne Bank 24 6.65% $2,531
ASCENTRA 19 6.71% $2,344
QUICKEN LOANS, LLC 14 6.82% $5,206
IOWA BANKERS MORTGAGE CORPORATION 13 6.28% $2,355
THE FAMILY CREDIT UNION 8 6.61% $2,302
Hills Bank and Trust Company 7 6.89% $1,903
U.S. Bank 7 6.46% $3,268
UNITED WHOLESALE MORTGAGE, LLC 6 6.70% $5,239
DuTrac Community Credit Union 6 6.42% $2,887
I. H. MISSISSIPPI VALLEY CREDIT UNION 5 6.15% $2,839
BROKER SOLUTIONS, INC. 4 6.65% $5,530
VERIDIAN CREDIT UNION 3 6.38% $1,734
SOUTHWEST FUNDING, LP 2 7.00% $3,469
Wells Fargo Bank 2 7.13% $7,314
FLAT BRANCH MORTGAGE, INC. 2 6.56% $2,750
Deere Employees Credit Union 2 6.43% $985
Flagstar Bank, FSB 2 6.94% $2,346
Fidelity Bank & Trust 2 6.66% $2,269
RESIDENTIAL MORTGAGE NETWORK, INC. 2 6.69% $2,631
PLANET HOME LENDING, LLC 2 6.69% $2,926
NAVY FEDERAL CREDIT UNION 2 6.50% $3,098
HOMESIDE FINANCIAL, LLC 2 6.88% $3,481
NexBank 1 6.63% $6,229
AMERICAN FINANCING CORPORATION 1 6.13% $8,885
CARDINAL FINANCIAL 1 6.63% $6,929
COMPEER FINANCIAL, FLCA 1 7.38% $4,348
DUPACO COMMUNITY 1 5.88% $2,393
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $4,605
JPMorgan Chase Bank 1 7.88% $4,800
Lincoln Savings Bank 1 6.38% $2,606
LINN AREA 1 6.50% $1,963
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $2,419
NEWREZ LLC 1 6.63% $5,273
American Bank and Trust Company 1 5.99% $2,877
Northpointe Bank 1 6.13% $5,569
Old National Bank 1 7.88% $2,905
PENNYMAC LOAN SERVICES, LLC 1 6.99% $7,844
R.I.A. Federal Credit Union 1 6.00% $2,700
SUN WEST MORTGAGE COMPANY, INC. 1 7.45% $3,363
Waterstone Mortgage Corporation 1 6.63% $6,197

Muscatine Average Closing Costs & Other Stats

Muscatine, IA's 43 lenders originated 831 loans during 2024. The total origination value was $115,525,000, with an average loan value of $139,019.

Muscatine's average closing costs are $3,595.

The top Muscatine lender as defined by loan originations is RUHL MORTGAGE, LLC, with 43 loans originated. Their average total fees are $2,128, which is $665 lower than the next largest lender, CBI Bank & Trust.

The lowest fee Muscatine lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($2,042), RUHL MORTGAGE, LLC ($2,128), ASCENTRA ($2,344), IOWA BANKERS MORTGAGE CORPORATION ($2,355) and MidWestOne Bank ($2,531).

The lowest rate Muscatine lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION (6.28%), GREENSTATE CREDIT UNION (6.34%), RUHL MORTGAGE, LLC (6.62%), MidWestOne Bank (6.65%) and ASCENTRA (6.71%).

Muscatine, 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
CBI Bank & Trust $15,405,000 $13,985,000 -9.2% 12.1%
MidWestOne Bank $18,360,000 $13,010,000 -29.1% 11.3%
RUHL MORTGAGE, LLC $7,830,000 $11,420,000 45.8% 9.9%
GREENSTATE CREDIT UNION $10,520,000 $11,275,000 7.2% 9.8%
DuTrac Community Credit Union $705,000 $5,720,000 711.3% 5.0%
QUICKEN LOANS, LLC $4,690,000 $5,635,000 20.1% 4.9%
ASCENTRA $5,040,000 $5,485,000 8.8% 4.7%
IOWA BANKERS MORTGAGE CORPORATION $3,280,000 $4,055,000 23.6% 3.5%
Cedar Rapids Bank and Trust Company $125,000 $3,835,000 2,968.0% 3.3%
BROKER SOLUTIONS, INC. $3,195,000 $2,845,000 -11.0% 2.5%
THE FAMILY CREDIT UNION $770,000 $2,590,000 236.4% 2.2%
RESIDENTIAL MORTGAGE NETWORK, INC. $1,525,000 $2,395,000 57.0% 2.1%
UNITED WHOLESALE MORTGAGE, LLC $885,000 $2,205,000 149.2% 1.9%
Hills Bank and Trust Company $2,530,000 $2,145,000 -15.2% 1.9%
U.S. Bank $2,485,000 $2,005,000 -19.3% 1.7%
PENNYMAC LOAN SERVICES, LLC $175,000 $1,595,000 811.4% 1.4%
VERIDIAN CREDIT UNION $970,000 $1,540,000 58.8% 1.3%
I. H. MISSISSIPPI VALLEY CREDIT UNION $115,000 $1,315,000 1,043.5% 1.1%
PLANET HOME LENDING, LLC $1,180,000 n/a 1.0%
LOANDEPOT.COM, LLC $1,165,000 n/a 1.0%
Mortgage Research Center, LLC $2,680,000 $950,000 -64.6% 0.8%
Deere Employees Credit Union $765,000 $870,000 13.7% 0.8%
Fidelity Bank & Trust $810,000 n/a 0.7%
Wells Fargo Bank $1,005,000 $755,000 -24.9% 0.7%
Blue Grass Savings Bank $205,000 $730,000 256.1% 0.6%
R.I.A. Federal Credit Union $790,000 $725,000 -8.2% 0.6%
AXIA FINANCIAL, LLC $705,000 n/a 0.6%
NAVY FEDERAL CREDIT UNION $360,000 $685,000 90.3% 0.6%
HOMESIDE FINANCIAL, LLC $2,900,000 $660,000 -77.2% 0.6%
Bridge Community Bank $570,000 n/a 0.5%
FREEDOM MORTGAGE CORPORATION $295,000 $540,000 83.1% 0.5%
COMPEER FINANCIAL, FLCA $425,000 n/a 0.4%
FLAT BRANCH MORTGAGE, INC. $415,000 n/a 0.4%
Quad City Bank and Trust Company $15,000 $410,000 2,633.3% 0.4%
21ST MORTGAGE CORPORATION $70,000 $405,000 478.6% 0.4%
Carrington Mortgage Services, LLC $365,000 $405,000 11.0% 0.4%
Barrington Bank & Trust Company, N.A. $385,000 n/a 0.3%
Mr. Cooper ( Nationstar Mortgage ) $1,045,000 $385,000 -63.2% 0.3%
NATIONWIDE MORTGAGE BANKERS, INC. $275,000 $385,000 40.0% 0.3%
Regions Bank $360,000 n/a 0.3%
SOUTHWEST FUNDING, LP $345,000 n/a 0.3%
CARDINAL FINANCIAL $1,170,000 $340,000 -70.9% 0.3%
GUILD MORTGAGE COMPANY $345,000 $315,000 -8.7% 0.3%
Flagstar Bank, FSB $125,000 $310,000 148.0% 0.3%
Washington State Bank $1,610,000 $295,000 -81.7% 0.3%
ENDEAVOR CAPITAL, LLC. $290,000 n/a 0.3%
Flanagan State Bank $750,000 $290,000 -61.3% 0.3%
MID AMERICA MORTGAGE, INC. $290,000 n/a 0.3%
MARINE $310,000 $285,000 -8.1% 0.2%
Northpointe Bank $275,000 n/a 0.2%
USAA Federal Savings Bank $225,000 $255,000 13.3% 0.2%
ROYAL UNITED MORTGAGE LLC $245,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $95,000 $210,000 121.1% 0.2%
Servion, Inc. $135,000 $195,000 44.4% 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $185,000 n/a 0.2%
MOVEMENT MORTGAGE, LLC $185,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $250,000 $175,000 -30.0% 0.2%
Lincoln Savings Bank $175,000 n/a 0.2%
Old National Bank $55,000 $175,000 218.2% 0.2%
LINN AREA $170,000 n/a 0.1%
NEWREZ LLC $415,000 $165,000 -60.2% 0.1%
NexBank $165,000 n/a 0.1%
American Bank and Trust Company $155,000 n/a 0.1%
First Central State Bank $240,000 $155,000 -35.4% 0.1%
OPEN MORTGAGE, LLC $150,000 $145,000 -3.3% 0.1%
Collins Community Credit Union $1,235,000 $135,000 -89.1% 0.1%
DUPACO COMMUNITY $45,000 $135,000 200.0% 0.1%
Waterstone Mortgage Corporation $135,000 n/a 0.1%
Equity Prime Mortgage LLC $125,000 n/a 0.1%
Paramount Residential Mortgage Group, Inc. $125,000 n/a 0.1%
JPMorgan Chase Bank $65,000 $115,000 76.9% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $1,810,000 $115,000 -93.6% 0.1%
AMERICAN FINANCING CORPORATION $255,000 $105,000 -58.8% 0.1%
Citizens Bank $105,000 n/a 0.1%
Figure Lending LLC $145,000 $100,000 -31.0% 0.1%
Fairfax State Savings Bank $95,000 n/a 0.1%
Coastal Community Bank $75,000 $75,000 0.0% 0.1%
AMERISAVE MORTGAGE CORPORATION $385,000 $65,000 -83.1% 0.1%
Third Federal Savings and Loan Association of Cleveland $65,000 n/a 0.1%
Fortress Bank $205,000 $45,000 -78.0% 0.0%

Muscatine's top lender by overall market share is CBI Bank & Trust, with 12.1% market share. In second place, with 11.3%, is MidWestOne Bank, having originated $13,010,000 in loans. In third place, with 9.9%, is RUHL MORTGAGE, LLC, having originated $11,420,000 in loans. In fourth place, with 9.8%, is GREENSTATE CREDIT UNION, having originated $11,275,000 in loans. In fifth place, with 5.0%, is DuTrac Community Credit Union, having originated $5,720,000 in loans.

Muscatine, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 454 $78,790,000 $173,546
Other 117 $6,745,000 $57,650
Refi 110 $15,350,000 $139,545
Home Improvement 78 $6,850,000 $87,821
Cash Out Refi 72 $7,790,000 $108,194

Muscatine's most frequently cited loan purpose was Home Purchase, with 454 originations. The 2nd most popular reason was Other, with 117 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 362 $56,640,000 $156,464
7-8% 185 $23,005,000 $124,351
Over 8% 162 $9,550,000 $58,951
5-6% 86 $18,350,000 $213,372
<2.5% 6 $30,000 $5,000
4-5% 4 $870,000 $217,500
3-4% 2 $170,000 $85,000

During 2024, Muscatine's most frequently originated rate bucket was 6-7%, with 362 originations.

Loan Sizing (Muscatine, IA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 374 $18,440,000 $49,305
$100k-200k 286 $41,600,000 $145,455
$200k-400k 151 $40,355,000 $267,252
$400k-600k 13 $5,915,000 $455,000
$Over $1MM 4 $6,960,000 $1,740,000
$600k-1000k 3 $2,255,000 $751,667

Muscatine's loan sizing saw the bucket of loans from $100,000 or less with 374 originations, totaling $18,440,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 301 $55,835,000 $185,498
Under 20% 148 $6,020,000 $40,676
60-80% 145 $24,225,000 $167,069
20-40% 137 $9,625,000 $70,255
40-60% 58 $10,160,000 $175,172
Over 100% 5 $1,045,000 $209,000

Muscatine's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 301 originations, totaling $55,835,000 in origination value.