Oskaloosa Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.