Oskaloosa Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Oskaloosa averaged 6.12% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

The average rate for the prior week (2023-05-18) was 6.24% and one month ago for the week of 2023-04-20, the average rate was 6.04%.

Oskaloosa's average rate one year ago was 4.8%.

For refis of the same type during the week of 2023-05-25, the average rate was 6.87%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-05-25 6.57%
Oskaloosa 30 Year Fixed Rate 2023-05-25 6.12%
Oskaloosa 30 Year Fixed Rate Refi 2023-05-25 6.87%
Oskaloosa 15 Year Fixed Rate 2023-05-25 6.07%
Oskaloosa 15 Year Fixed Rate Refi 2023-05-25 6.07%
Oskaloosa 30 Year FHA 2023-05-25 6.61%
Oskaloosa 30 Year FHA Refi 2023-05-25 6.81%
Oskaloosa 30 Year USDA 2023-05-25 6.53%
Oskaloosa 30 Year USDA Refi 2023-05-25 6.53%
Oskaloosa 30 Year VA 2023-05-25 6.61%
Oskaloosa 30 Year VA Refi 2023-05-25 6.51%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Oskaloosa, IA.

Oskaloosa 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 Oskaloosa, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
COMMUNITY 1ST CREDIT UNION 21 4.69% $2,151
IOWA BANKERS MORTGAGE CORPORATION 16 5.09% $2,514
MidWestOne Bank 15 5.27% $2,770
Bank Iowa 12 4.52% $2,242
GREENSTATE CREDIT UNION 11 3.98% $1,967
QUICKEN LOANS, LLC 9 5.03% $6,785
West Gate Bank 4 4.50% $2,238
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.63% $3,704
U.S. Bank 4 5.47% $3,950
Wells Fargo Bank 4 4.34% $3,458
Great Southern Bank 3 7.13% $2,569
Lincoln Savings Bank 3 5.00% $2,586
JPMorgan Chase Bank 2 4.81% $5,483
RESIDENTIAL MORTGAGE NETWORK, INC. 2 4.69% $1,815
GUILD MORTGAGE COMPANY 2 5.88% $2,685
VERIDIAN CREDIT UNION 2 5.25% $1,749
LOANDEPOT.COM, LLC 2 4.75% $5,511
MOVEMENT MORTGAGE, LLC 1 7.00% $2,718
PREMIA MORTGAGE, LLC 1 4.99% $721
Barrington Bank & Trust Company, N.A. 1 4.25% $4,118
Regent Financial Group, Inc. 1 6.50% $5,115
RUOFF MORTGAGE COMPANY, INC. 1 4.25% $3,138
Strong Home Mortgage, LLC 1 6.12% $3,955
The Central Trust Bank 1 4.00% $2,383
UNITED WHOLESALE MORTGAGE, LLC 1 4.88% $4,492
Bank of America 1 5.25% $3,471
V.I.P. MORTGAGE, INC. 1 6.88% $2,580
Fidelity Bank 1 7.00% $2,453
FREEDOM MORTGAGE CORPORATION 1 2.88% $4,642
FIRST 1 3.13% $2,209
Gate City Bank 1 3.25% $5,446
EVERETT FINANCIAL, INC. 1 3.75% $1,829
GUARANTEED RATE, INC. 1 3.50% $2,414
HOMESERVICES LENDING, LLC 1 5.13% $5,731
City National Bank 1 3.30% $3,177
BETTER MORTGAGE CORPORATION 1 3.38% $1,642

Oskaloosa Average Closing Costs & Other Stats

Oskaloosa, IA's 36 lenders originated 527 loans during 2022. The total origination value was $59,455,000, with an average loan value of $112,818.

Oskaloosa's average closing costs are $3,033.

The top Oskaloosa lender as defined by loan originations is COMMUNITY 1ST CREDIT UNION, with 21 loans originated. Their average total fees are $2,151, which is $363 lower than the next largest lender, IOWA BANKERS MORTGAGE CORPORATION.

The lowest fee Oskaloosa lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION ($1,967), COMMUNITY 1ST CREDIT UNION ($2,151), Bank Iowa ($2,242), IOWA BANKERS MORTGAGE CORPORATION ($2,514) and MidWestOne Bank ($2,770).

The lowest rate Oskaloosa lenders (with over 10 loans originated) are GREENSTATE CREDIT UNION (3.98%), Bank Iowa (4.52%), COMMUNITY 1ST CREDIT UNION (4.69%), IOWA BANKERS MORTGAGE CORPORATION (5.09%) and MidWestOne Bank (5.27%).

Oskaloosa, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
COMMUNITY 1ST CREDIT UNION $5,255,000 $8,780,000 67.1% 14.8%
Bank Iowa $8,795,000 $6,605,000 -24.9% 11.1%
MidWestOne Bank $7,860,000 $5,090,000 -35.2% 8.6%
Leighton State Bank $3,070,000 $4,025,000 31.1% 6.8%
QUICKEN LOANS, LLC $6,950,000 $3,745,000 -46.1% 6.3%
IOWA BANKERS MORTGAGE CORPORATION $9,920,000 $3,200,000 -67.7% 5.4%
Washington State Bank $2,220,000 $3,050,000 37.4% 5.1%
GREENSTATE CREDIT UNION $4,050,000 $2,405,000 -40.6% 4.0%
Great Southern Bank $2,610,000 $1,870,000 -28.4% 3.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $4,445,000 $1,360,000 -69.4% 2.3%
Mortgage Research Center, LLC $775,000 $1,340,000 72.9% 2.3%
U.S. Bank $3,390,000 $1,235,000 -63.6% 2.1%
VERIDIAN CREDIT UNION $990,000 $860,000 -13.1% 1.4%
Wells Fargo Bank $2,555,000 $835,000 -67.3% 1.4%
West Gate Bank $3,980,000 $805,000 -79.8% 1.4%
JPMorgan Chase Bank $440,000 $790,000 79.5% 1.3%
PENNYMAC LOAN SERVICES, LLC $985,000 $685,000 -30.5% 1.2%
GUILD MORTGAGE COMPANY $1,200,000 $610,000 -49.2% 1.0%
LOANDEPOT.COM, LLC $860,000 $600,000 -30.2% 1.0%
FREEDOM MORTGAGE CORPORATION $1,555,000 $470,000 -69.8% 0.8%
HOMESERVICES LENDING, LLC $105,000 $470,000 347.6% 0.8%
UNITED WHOLESALE MORTGAGE, LLC $625,000 $465,000 -25.6% 0.8%
Lincoln Savings Bank $480,000 $455,000 -5.2% 0.8%
MOVEMENT MORTGAGE, LLC $215,000 $410,000 90.7% 0.7%
NAVY FEDERAL CREDIT UNION $145,000 $395,000 172.4% 0.7%
VILLAGE CAPITAL MORTGAGE $135,000 $380,000 181.5% 0.6%
Community Choice Credit Union $35,000 $345,000 885.7% 0.6%
RESIDENTIAL MORTGAGE NETWORK, INC. $175,000 $340,000 94.3% 0.6%
Gate City Bank $325,000 n/a 0.5%
Fidelity Bank $305,000 n/a 0.5%
BETTER MORTGAGE CORPORATION $175,000 $290,000 65.7% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $715,000 $265,000 -62.9% 0.4%
HOMESIDE FINANCIAL, LLC $255,000 n/a 0.4%
The Central Trust Bank $95,000 $255,000 168.4% 0.4%
Ixonia Bank $245,000 n/a 0.4%
NEW DAY FINANCIAL, LLC $245,000 n/a 0.4%
TruBank $240,000 n/a 0.4%
BROKER SOLUTIONS, INC. $165,000 $235,000 42.4% 0.4%
GUARANTEED RATE, INC. $85,000 $230,000 170.6% 0.4%
MARINE $230,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $485,000 $215,000 -55.7% 0.4%
City National Bank $215,000 n/a 0.4%
COMPASS MORTGAGE, INC. $375,000 $205,000 -45.3% 0.3%
USAA Federal Savings Bank $365,000 $195,000 -46.6% 0.3%
V.I.P. MORTGAGE, INC. $195,000 n/a 0.3%
Bank of America $195,000 $185,000 -5.1% 0.3%
First International Bank & Trust $185,000 n/a 0.3%
PREMIA MORTGAGE, LLC $185,000 n/a 0.3%
Fortress Bank $275,000 $180,000 -34.5% 0.3%
CROSSCOUNTRY MORTGAGE, LLC $105,000 $175,000 66.7% 0.3%
Equity Prime Mortgage LLC $165,000 n/a 0.3%
EVERETT FINANCIAL, INC. $165,000 n/a 0.3%
LAND HOME FINANCIAL SERVICES, INC. $220,000 $165,000 -25.0% 0.3%
Barrington Bank & Trust Company, N.A. $325,000 $155,000 -52.3% 0.3%
Paramount Residential Mortgage Group, Inc. $1,255,000 $155,000 -87.6% 0.3%
Regent Financial Group, Inc. $155,000 n/a 0.3%
Chickasaw Community Bank $145,000 n/a 0.2%
First State Bank Nebraska $135,000 n/a 0.2%
Deere Employees Credit Union $505,000 $130,000 -74.3% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $175,000 $95,000 -45.7% 0.2%
Flagstar Bank, FSB $795,000 $95,000 -88.1% 0.2%
Carrington Mortgage Services, LLC $240,000 $85,000 -64.6% 0.1%
FIRST $75,000 $85,000 13.3% 0.1%
Collins Community Credit Union $80,000 n/a 0.1%
Hills Bank and Trust Company $195,000 $70,000 -64.1% 0.1%
RUOFF MORTGAGE COMPANY, INC. $65,000 n/a 0.1%
Strong Home Mortgage, LLC $65,000 n/a 0.1%
BANKWEST, INC. $55,000 n/a 0.1%
Figure Lending LLC $45,000 $55,000 22.2% 0.1%

Oskaloosa's top lender by overall market share is COMMUNITY 1ST CREDIT UNION, with 14.8% market share. In second place, with 11.1%, is Bank Iowa, having originated $6,605,000 in loans. In third place, with 8.6%, is MidWestOne Bank, having originated $5,090,000 in loans. In fourth place, with 6.8%, is Leighton State Bank, having originated $4,025,000 in loans. In fifth place, with 6.3%, is QUICKEN LOANS, LLC, having originated $3,745,000 in loans.


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

Realtor.com - Oskaloosa (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 $112,900 (14.7%) $128,872 (-4.2%) 0.00 53
2018-02-01 $121,475 (27.9%) $134,177 (1.9%) 0.00 48
2018-03-01 $102,450 (3.6%) $126,313 (-7.0%) 0.00 48
2018-04-01 $119,900 (5.5%) $139,764 (0.0%) 0.00 49
2018-05-01 $133,700 (17.1%) $146,105 (3.3%) 0.00 52
2018-06-01 $127,500 (14.7%) $151,505 (7.7%) 0.00 53
2018-07-01 $154,900 (35.4%) $162,701 (15.8%) 0.00 56
2018-08-01 $149,700 (24.8%) $160,941 (10.8%) 0.00 54
2018-09-01 $135,000 (12.6%) $163,046 (19.7%) 0.00 55
2018-10-01 $132,500 (16.3%) $167,005 (22.4%) 0.00 60
2018-11-01 $147,900 (37.7%) $170,477 (30.4%) 0.00 59
2018-12-01 $149,900 (32.8%) $169,195 (28.9%) 0.00 60
2019-01-01 $124,900 (10.6%) $156,070 (21.1%) 0.00 51
2019-02-01 $115,175 (-5.2%) $148,035 (10.3%) 0.00 45
2019-03-01 $131,200 (28.1%) $154,198 (22.1%) 0.00 47
2019-04-01 $144,975 (20.9%) $165,939 (18.7%) 0.00 47
2019-05-01 $149,825 (12.1%) $171,684 (17.5%) 0.00 47
2019-06-01 $147,400 (15.6%) $174,217 (15.0%) 0.00 54
2019-07-01 $139,000 (-10.3%) $160,492 (-1.4%) 0.00 62
2019-08-01 $136,000 (-9.2%) $156,932 (-2.5%) 0.00 67
2019-09-01 $129,475 (-4.1%) $156,907 (-3.8%) 0.00 61
2019-10-01 $135,000 (1.9%) $154,949 (-7.2%) 0.00 64
2019-11-01 $144,900 (-2.0%) $170,704 (0.1%) 0.00 70
2019-12-01 $144,900 (-3.3%) $170,505 (0.8%) 0.00 59
2020-01-01 $144,950 (16.1%) $173,100 (10.9%) 0.00 58
2020-02-01 $144,900 (25.8%) $169,405 (14.4%) 0.00 56
2020-03-01 $129,875 (-1.0%) $153,163 (-0.7%) 0.00 52
2020-04-01 $123,750 (-14.6%) $152,941 (-7.8%) 0.00 48
2020-05-01 $137,400 (-8.3%) $152,165 (-11.4%) 0.00 44
2020-06-01 $136,650 (-7.3%) $155,137 (-11.0%) 0.00 39
2020-07-01 $144,900 (4.2%) $161,800 (0.8%) 0.00 38
2020-08-01 $144,900 (6.5%) $155,118 (-1.2%) 0.00 39
2020-09-01 $123,750 (-4.4%) $141,301 (-10.0%) 0.00 40
2020-10-01 $109,000 (-19.3%) $137,227 (-11.4%) 0.00 43
2020-11-01 $123,450 (-14.8%) $143,627 (-15.9%) 0.00 41
2020-12-01 $121,300 (-16.3%) $149,483 (-12.3%) 0.00 37
2021-01-01 $121,250 (-16.4%) $142,907 (-17.4%) 0.00 33
2021-02-01 $127,400 (-12.1%) $147,551 (-12.9%) 0.00 30
2021-03-01 $109,900 (-15.4%) $133,275 (-13.0%) 0.00 26
2021-04-01 $117,384 (-5.1%) $149,826 (-2.0%) 0.00 25
2021-05-01 $129,900 (-5.5%) $157,642 (3.6%) 0.00 23
2021-06-01 $168,450 (23.3%) $209,535 (35.1%) 0.00 24
2021-07-01 $179,500 (23.9%) $235,391 (45.5%) 0.00 21
2021-08-01 $154,700 (6.8%) $177,373 (14.4%) 0.00 34
2021-09-01 $144,400 (16.7%) $167,472 (18.5%) 0.00 36
2021-10-01 $139,900 (28.4%) $161,439 (17.6%) 0.00 45
2021-11-01 $137,450 (11.3%) $175,683 (22.3%) 0.00 34
2021-12-01 $139,900 (15.3%) $162,050 (8.4%) 0.00 27
2022-01-01 $120,000 (-1.0%) $169,513 (18.6%) 0.00 24
2022-02-01 $131,000 (2.8%) $181,357 (22.9%) 0.00 18
2022-03-01 $146,500 (33.3%) $211,415 (58.6%) 0.00 17
2022-04-01 $160,000 (36.3%) $217,582 (45.2%) 0.00 18
2022-05-01 $176,250 (35.7%) $221,394 (40.4%) 0.00 27
2022-06-01 $171,200 (1.6%) $184,602 (-11.9%) 0.00 33
2022-07-01 $174,900 (-2.6%) $191,267 (-18.8%) 0.00 43
2022-08-01 $177,225 (14.6%) $207,176 (16.8%) 0.00 39
2022-09-01 $189,500 (31.2%) $218,872 (30.7%) 0.00 37
2022-10-01 $175,000 (25.1%) $191,197 (18.4%) 0.00 27
2022-11-01 $167,400 (21.8%) $183,099 (4.2%) 0.00 25
2022-12-01 $155,000 (10.8%) $189,269 (16.8%) 0.00 25
2023-01-01 $178,700 (48.9%) $203,951 (20.3%) 0.00 23
2023-02-01 $168,250 (28.4%) $186,306 (2.7%) 0.00 22
2023-03-01 $166,100 (13.4%) $186,910 (-11.6%) 0.00 20
2023-04-01 $189,500 (18.4%) $216,348 (-0.6%) 0.00 12
Oskaloosa's median listing price for 2023-04-01 was $189,500, a difference of $29,500 (18.4%) versus the prior year and $23,400 versus the prior month.

Oskaloosa's median listing price comes in at 0% of the national average.

Oskaloosa's average listing price for 2023-04-01 was $216,348, a difference of $-1,234 (-0.6%) versus the prior year and $29,438 versus the prior month.

For the 2023-04-01 period, Oskaloosa had 12 MLS listings, a difference of -8 listings (-40%) versus the prior month and -6 listings (-33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Oskaloosa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,580 sqft
2018-02-01 0 days 1,563 sqft
2018-03-01 0 days 1,460 sqft
2018-04-01 0 days 1,429 sqft
2018-05-01 0 days 1,443 sqft
2018-06-01 0 days 1,512 sqft
2018-07-01 0 days 1,580 sqft
2018-08-01 0 days 1,689 sqft
2018-09-01 0 days 1,704 sqft
2018-10-01 0 days 1,600 sqft
2018-11-01 0 days 1,592 sqft
2018-12-01 0 days 1,512 sqft
2019-01-01 0 days 1,432 sqft
2019-02-01 0 days 1,360 sqft
2019-03-01 0 days 1,456 sqft
2019-04-01 0 days 1,516 sqft
2019-05-01 0 days 1,525 sqft
2019-06-01 0 days 1,459 sqft
2019-07-01 0 days 1,401 sqft
2019-08-01 0 days 1,400 sqft
2019-09-01 0 days 1,381 sqft
2019-10-01 0 days 1,387 sqft
2019-11-01 0 days 1,472 sqft
2019-12-01 0 days 1,532 sqft
2020-01-01 0 days 1,773 sqft
2020-02-01 0 days 1,574 sqft
2020-03-01 0 days 1,525 sqft
2020-04-01 0 days 1,549 sqft
2020-05-01 0 days 1,462 sqft
2020-06-01 0 days 1,443 sqft
2020-07-01 0 days 1,480 sqft
2020-08-01 0 days 1,436 sqft
2020-09-01 0 days 1,429 sqft
2020-10-01 0 days 1,290 sqft
2020-11-01 0 days 1,406 sqft
2020-12-01 0 days 1,416 sqft
2021-01-01 0 days 1,446 sqft
2021-02-01 0 days 1,442 sqft
2021-03-01 0 days 1,374 sqft
2021-04-01 0 days 1,413 sqft
2021-05-01 0 days 1,428 sqft
2021-06-01 0 days 1,584 sqft
2021-07-01 0 days 1,543 sqft
2021-08-01 0 days 1,268 sqft
2021-09-01 0 days 1,275 sqft
2021-10-01 0 days 1,285 sqft
2021-11-01 0 days 1,285 sqft
2021-12-01 0 days 1,424 sqft
2022-01-01 0 days 1,732 sqft
2022-02-01 0 days 1,696 sqft
2022-03-01 0 days 1,557 sqft
2022-04-01 0 days 1,690 sqft
2022-05-01 0 days 1,709 sqft
2022-06-01 0 days 1,482 sqft
2022-07-01 0 days 1,520 sqft
2022-08-01 0 days 1,531 sqft
2022-09-01 0 days 1,518 sqft
2022-10-01 0 days 1,583 sqft
2022-11-01 0 days 1,523 sqft
2022-12-01 0 days 1,435 sqft
2023-01-01 0 days 1,499 sqft
2023-02-01 0 days 1,435 sqft
2023-03-01 0 days 1,452 sqft
2023-04-01 0 days 1,403 sqft
Oskaloosa's median listing age (time on market) for 2023-04-01 was 0 days.

Oskaloosa's median square footage for active listings during the 2023-04-01 period was 1,403 sqft. One year prior, the average listing was 1,690 sqft.

Oskaloosa, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 249 $34,825,000 $139,859
Cash Out Refi 140 $13,080,000 $93,429
Refi 64 $7,190,000 $112,344
Home Improvement 37 $2,285,000 $61,757
Other 37 $2,075,000 $56,081

Oskaloosa's most frequently cited loan purpose was Home Purchase, with 249 originations. The 2nd most popular reason was Cash Out Refi, with 140 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
4-5% 109 $14,365,000 $131,789
3-4% 96 $12,290,000 $128,021
5-6% 92 $10,930,000 $118,804
<2.5% 67 $3,575,000 $53,358
6-7% 38 $4,110,000 $108,158
2.5-3% 30 $3,680,000 $122,667
7-8% 23 $2,075,000 $90,217
Over 8% 6 $300,000 $50,000

During 2022, Oskaloosa's most frequently originated rate bucket was 4-5%, with 109 originations.

Loan Sizing (Oskaloosa, IA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 266 $13,320,000 $50,075
$100k-200k 197 $28,455,000 $144,442
$200k-400k 57 $14,735,000 $258,509
$400k-600k 7 $2,945,000 $420,714

Oskaloosa's loan sizing saw the bucket of loans from $100,000 or less with 266 originations, totaling $13,320,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 156 $25,140,000 $161,154
60-80% 106 $13,970,000 $131,792
Under 20% 83 $2,185,000 $26,325
20-40% 65 $4,345,000 $66,846
40-60% 50 $4,930,000 $98,600
Over 100% 2 $320,000 $160,000

Oskaloosa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 156 originations, totaling $25,140,000 in origination value.