Oskaloosa Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Oskaloosa averaged
6.88%
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
7.01% and
one month ago for the week of 2025-05-15, the
average rate was 6.98%.
Oskaloosa's average rate one year ago was 7.12%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Oskaloosa 30 Year Fixed Rate | 2025-06-18 | 6.88% |
| Oskaloosa 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Oskaloosa 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| Oskaloosa 15 Year Fixed Rate Refi | 2025-06-18 | 5.86% |
| Oskaloosa 30 Year FHA | 2025-06-18 | -0.1% |
| Oskaloosa 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Oskaloosa 30 Year USDA | 2025-06-18 | 0.1% |
| Oskaloosa 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Oskaloosa 30 Year VA | 2025-06-18 | -0.2% |
| Oskaloosa 30 Year VA Refi | 2025-06-18 | 0.2% |
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.).
Oskaloosa Average Closing Costs & Other Stats
Oskaloosa, IA's 31 lenders originated 434
loans during 2024. The total origination value was $53,880,000, with an average loan value of
$124,147.
Oskaloosa's average closing costs are $3,237.
The top Oskaloosa lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with
17 loans originated. Their average total fees are
$2,869, which is $571
higher than the next largest lender,
COMMUNITY 1ST CREDIT UNION.
The lowest fee Oskaloosa lenders (with over 10 loans originated) are
COMMUNITY 1ST CREDIT UNION ($2,298), West Gate Bank ($2,509), IOWA BANKERS MORTGAGE CORPORATION ($2,869), Bank Iowa ($3,427) and .
The lowest rate Oskaloosa lenders (with over 10 loans originated) are
IOWA BANKERS MORTGAGE CORPORATION (6.29%), West Gate Bank (6.30%), COMMUNITY 1ST CREDIT UNION (6.80%), Bank Iowa (6.89%) and .
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| COMMUNITY 1ST CREDIT UNION | $7,920,000 | $6,920,000 | -12.6% | 12.8% |
| Bank Iowa | $5,160,000 | $6,860,000 | 32.9% | 12.7% |
| MidWestOne Bank | $4,710,000 | $3,630,000 | -22.9% | 6.7% |
| IOWA BANKERS MORTGAGE CORPORATION | $2,030,000 | $3,545,000 | 74.6% | 6.6% |
| QUICKEN LOANS, LLC | $775,000 | $3,035,000 | 291.6% | 5.6% |
| Leighton State Bank | $2,095,000 | $2,360,000 | 12.6% | 4.4% |
| Washington State Bank | $2,330,000 | $2,100,000 | -9.9% | 3.9% |
| West Gate Bank | $195,000 | $2,040,000 | 946.2% | 3.8% |
| GREENSTATE CREDIT UNION | $1,575,000 | $1,735,000 | 10.2% | 3.2% |
| U.S. Bank | $1,605,000 | $1,575,000 | -1.9% | 2.9% |
| Great Southern Bank | $1,740,000 | $1,530,000 | -12.1% | 2.8% |
| Mortgage Research Center, LLC | $395,000 | $1,480,000 | 274.7% | 2.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $215,000 | $1,350,000 | 527.9% | 2.5% |
| RESIDENTIAL MORTGAGE NETWORK, INC. | $750,000 | $1,080,000 | 44.0% | 2.0% |
| Sierra Pacific Mortgage Company, Inc. | $940,000 | n/a | 1.7% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $480,000 | $885,000 | 84.4% | 1.6% |
| VERIDIAN CREDIT UNION | $235,000 | $880,000 | 274.5% | 1.6% |
| CARDINAL FINANCIAL | $135,000 | $705,000 | 422.2% | 1.3% |
| Community Choice Credit Union | $95,000 | $675,000 | 610.5% | 1.3% |
| Farm Credit Mid-America, ACA | $485,000 | $630,000 | 29.9% | 1.2% |
| Fortress Bank | $375,000 | $535,000 | 42.7% | 1.0% |
| Bankers Trust Company | $525,000 | n/a | 1.0% | |
| NEW DAY FINANCIAL, LLC | $510,000 | n/a | 0.9% | |
| Luana Savings Bank | $455,000 | n/a | 0.8% | |
| LOANDEPOT.COM, LLC | $105,000 | $450,000 | 328.6% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $480,000 | $380,000 | -20.8% | 0.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $660,000 | $370,000 | -43.9% | 0.7% |
| 21ST MORTGAGE CORPORATION | $155,000 | $355,000 | 129.0% | 0.7% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $350,000 | n/a | 0.6% | |
| MORIA DEVELOPMENT, INC. | $325,000 | n/a | 0.6% | |
| HOMESERVICES LENDING, LLC | $1,380,000 | $305,000 | -77.9% | 0.6% |
| HOMESIDE FINANCIAL, LLC | $305,000 | $285,000 | -6.6% | 0.5% |
| First Interstate Bank | $280,000 | n/a | 0.5% | |
| Bank of America | $255,000 | n/a | 0.5% | |
| BROKER SOLUTIONS, INC. | $165,000 | $255,000 | 54.5% | 0.5% |
| GUILD MORTGAGE COMPANY | $470,000 | $255,000 | -45.7% | 0.5% |
| COMPASS MORTGAGE, INC. | $470,000 | $245,000 | -47.9% | 0.5% |
| PENNYMAC LOAN SERVICES, LLC | $230,000 | n/a | 0.4% | |
| Northbrook Bank & Trust | $185,000 | n/a | 0.3% | |
| ROYAL UNITED MORTGAGE LLC | $180,000 | n/a | 0.3% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $170,000 | n/a | 0.3% | |
| MICHIGAN MUTUAL, INC. | $155,000 | n/a | 0.3% | |
| UNITED | $155,000 | n/a | 0.3% | |
| GERSHMAN INVESTMENT CORP. | $115,000 | $145,000 | 26.1% | 0.3% |
| Northpointe Bank | $145,000 | n/a | 0.3% | |
| Wells Fargo Bank | $405,000 | $145,000 | -64.2% | 0.3% |
| Federation Bank | $135,000 | n/a | 0.3% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.2% | |
| JMAC LENDING, INC. | $255,000 | $125,000 | -51.0% | 0.2% |
| MLD MORTGAGE INC. | $125,000 | n/a | 0.2% | |
| River Region Credit Union | $115,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $105,000 | n/a | 0.2% | |
| Northwest Bank | $105,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $200,000 | $95,000 | -52.5% | 0.2% |
| LIMA ONE CAPITAL, LLC | $85,000 | $95,000 | 11.8% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $15,000 | $90,000 | 500.0% | 0.2% |
| Carrington Mortgage Services, LLC | $85,000 | n/a | 0.2% | |
| Deere Employees Credit Union | $340,000 | $75,000 | -77.9% | 0.1% |
| Peoples Savings Bank | $75,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $75,000 | n/a | 0.1% | |
| The Bank of Old Monroe | $75,000 | n/a | 0.1% | |
| Collins Community Credit Union | $65,000 | n/a | 0.1% | |
| MEMBERS1st Community Credit Union | $65,000 | n/a | 0.1% | |
| Centier Bank | $45,000 | $55,000 | 22.2% | 0.1% |
| Bridge Community Bank | $35,000 | n/a | 0.1% |
Oskaloosa's top lender by overall market share is COMMUNITY 1ST CREDIT UNION, with 12.8% market share. In second place, with 12.7%, is Bank Iowa, having originated $6,860,000 in loans. In third place, with 6.7%, is MidWestOne Bank, having originated $3,630,000 in loans. In fourth place, with 6.6%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $3,545,000 in loans. In fifth place, with 5.6%, is QUICKEN LOANS, LLC, having originated $3,035,000 in loans.
Oskaloosa, IA Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 206 | $34,460,000 | $167,282 |
| Refi | 123 | $10,325,000 | $83,943 |
| Other | 41 | $2,735,000 | $66,707 |
| Cash Out Refi | 38 | $4,770,000 | $125,526 |
| Home Improvement | 26 | $1,590,000 | $61,154 |
Oskaloosa's most frequently cited loan purpose was Home Purchase, with 206 originations. The 2nd most popular reason was Refi, with 123 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 165 | $26,735,000 | $162,030 |
| 7-8% | 79 | $9,175,000 | $116,139 |
| <2.5% | 65 | $2,985,000 | $45,923 |
| Over 8% | 51 | $3,315,000 | $65,000 |
| 5-6% | 32 | $5,330,000 | $166,563 |
| 4-5% | 3 | $675,000 | $225,000 |
| 3-4% | 1 | $65,000 | $65,000 |
During 2024, Oskaloosa's most frequently originated rate bucket was 6-7%, with 165 originations.
Loan Sizing (Oskaloosa, IA MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 214 | $10,780,000 | $50,374 |
| $100k-200k | 148 | $21,500,000 | $145,270 |
| $200k-400k | 62 | $16,470,000 | $265,645 |
| $400k-600k | 8 | $3,760,000 | $470,000 |
| $600k-1000k | 2 | $1,370,000 | $685,000 |
Oskaloosa's loan sizing saw the bucket of loans from $100,000 or less with 214 originations, totaling $10,780,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 134 | $24,230,000 | $180,821 |
| Under 20% | 85 | $2,775,000 | $32,647 |
| 20-40% | 70 | $4,620,000 | $66,000 |
| 60-80% | 64 | $11,350,000 | $177,344 |
| 40-60% | 37 | $3,925,000 | $106,081 |
| Over 100% | 1 | $255,000 | $255,000 |
Oskaloosa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 134 originations, totaling $24,230,000 in origination value.