Oskaloosa Mortgage Rates

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

    30 Year Fixed Rate mortgages in Oskaloosa averaged 6.15% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

    The average rate for the prior week (2022-06-23) was 6.26% and one month ago for the week of 2022-05-26, the average rate was 5.15%.

    Oskaloosa's average rate one year ago was 3.37%.

    For refis of the same type during the week of 2022-06-30, the average rate was 5.94%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2022-06-30 5.7%
    Oskaloosa 30 Year Fixed Rate 2022-06-30 6.15%
    Oskaloosa 30 Year Fixed Rate Refi 2022-06-30 5.94%
    Oskaloosa 15 Year Fixed Rate 2022-06-30 5.43%
    Oskaloosa 15 Year Fixed Rate Refi 2022-06-30 4.76%
    Oskaloosa 30 Year FHA 2022-06-30 5.8%
    Oskaloosa 30 Year FHA Refi 2022-06-30 5.78%
    Oskaloosa 30 Year USDA 2022-06-30 5.51%
    Oskaloosa 30 Year USDA Refi 2022-06-30 2.71%
    Oskaloosa 30 Year VA 2022-06-30 5.57%
    Oskaloosa 30 Year VA Refi 2022-06-30 5.43%
    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 lendor, 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 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    IOWA BANKERS MORTGAGE CORPORATION 33 2.95% $1,712
    MidWestOne Bank 25 3.03% $1,954
    QUICKEN LOANS, LLC 20 3.06% $4,744
    GREENSTATE CREDIT UNION 16 3.12% $2,121
    COMMUNITY 1ST CREDIT UNION 15 3.21% $1,945
    West Gate Bank 14 2.97% $2,008
    Great Southern Bank 14 3.41% $2,513
    Bank Iowa 13 3.15% $1,900
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 3.19% $3,084
    U.S. Bank 10 3.17% $2,122
    Wells Fargo Bank 8 3.44% $2,413
    VERIDIAN CREDIT UNION 4 3.28% $1,690
    Paramount Residential Mortgage Group, Inc. 3 3.58% $3,978
    FREEDOM MORTGAGE CORPORATION 3 3.42% $3,400
    LOANDEPOT.COM, LLC 3 2.91% $5,462
    UNITED WHOLESALE MORTGAGE, LLC 2 2.94% $2,485
    GERSHMAN INVESTMENT CORP. 2 2.88% $2,768
    Lincoln Savings Bank 2 3.00% $2,853
    LAND HOME FINANCIAL SERVICES, INC. 2 2.69% $2,560
    Luana Savings Bank 1 3.25% $1,339
    Mr. Cooper ( Nationstar Mortgage ) 1 3.63% $4,628
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.75% $1,995
    TCF National Bank 1 3.00% $2,542
    The Central Trust Bank 1 3.63% $2,493
    The Huntington National Bank 1 2.88% $5,393
    UNION HOME MORTGAGE CORP. 1 3.13% $4,356
    WINGS FINANCIAL 1 3.00% $2,555
    GUILD MORTGAGE COMPANY 1 2.99% $2,579
    Arvest Bank 1 4.25% $1,933
    Bank of America 1 2.75% $2,275
    BROKER SOLUTIONS, INC. 1 2.99% $4,667
    CITIZENS EQUITY FIRST 1 3.50% $2,519
    COMMUNITYAMERICA 1 3.00% $2,475
    COMPASS MORTGAGE, INC. 1 2.63% $2,692
    CROSSCOUNTRY MORTGAGE, LLC 1 3.25% $2,638
    Deere Employees Credit Union 1 3.50% $2,085
    DUPACO COMMUNITY 1 4.25% $2,311
    Farm Credit Mid-America, ACA 1 3.45% $4,858
    Farmers State Bank 1 3.25% $1,709
    FIRST 1 2.50% $2,072
    First Midwest Bank 1 2.63% $3,119
    First Savings Bank 1 3.00% $1,406
    Fortress Bank 1 3.13% $2,072
    AMERISAVE MORTGAGE CORPORATION 1 3.13% $4,522
    HOMESERVICES LENDING, LLC 1 3.63% $2,327
    JPMorgan Chase Bank 1 2.88% $1,729

    Oskaloosa, IA's 46 lenders originated 680 loans during 2021. The total origination value was $90,830,000, with an average loan value of $133,574.

    The top Oskaloosa lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 33 loans originated. Their average total fees are $1,712, which is $242 lower than the next largest lender, MidWestOne Bank.

    The lowest fee Oskaloosa lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION ($1,712), Bank Iowa ($1,900), COMMUNITY 1ST CREDIT UNION ($1,945), MidWestOne Bank ($1,954) and West Gate Bank ($2,008).

    The lowest rate Oskaloosa lenders (with over 10 loans originated) are IOWA BANKERS MORTGAGE CORPORATION (2.95%), West Gate Bank (2.97%), MidWestOne Bank (3.03%), QUICKEN LOANS, LLC (3.06%) and GREENSTATE CREDIT UNION (3.12%).

    Oskaloosa, IA Lender 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    IOWA BANKERS MORTGAGE CORPORATION $9,755,000 $9,920,000 1.7% 10.9%
    Bank Iowa $12,535,000 $8,795,000 -29.8% 9.7%
    MidWestOne Bank $7,915,000 $7,860,000 -0.7% 8.7%
    QUICKEN LOANS, LLC $7,430,000 $6,950,000 -6.5% 7.7%
    COMMUNITY 1ST CREDIT UNION $6,835,000 $5,255,000 -23.1% 5.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,215,000 $4,445,000 38.3% 4.9%
    GREENSTATE CREDIT UNION $4,860,000 $4,050,000 -16.7% 4.5%
    West Gate Bank $5,930,000 $3,980,000 -32.9% 4.4%
    U.S. Bank $4,105,000 $3,390,000 -17.4% 3.7%
    Leighton State Bank $3,185,000 $3,070,000 -3.6% 3.4%
    Great Southern Bank $2,990,000 $2,610,000 -12.7% 2.9%
    Wells Fargo Bank $2,620,000 $2,555,000 -2.5% 2.8%
    Washington State Bank $1,495,000 $2,220,000 48.5% 2.4%
    Town Bank, N.A. $1,955,000 n/a 2.2%
    FREEDOM MORTGAGE CORPORATION $910,000 $1,555,000 70.9% 1.7%
    Paramount Residential Mortgage Group, Inc. $195,000 $1,255,000 543.6% 1.4%
    GUILD MORTGAGE COMPANY $1,855,000 $1,200,000 -35.3% 1.3%
    VERIDIAN CREDIT UNION $1,030,000 $990,000 -3.9% 1.1%
    PENNYMAC LOAN SERVICES, LLC $985,000 n/a 1.1%
    LOANDEPOT.COM, LLC $95,000 $860,000 805.3% 0.9%
    Flagstar Bank, FSB $235,000 $795,000 238.3% 0.9%
    Mortgage Research Center, LLC $790,000 $775,000 -1.9% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $905,000 $715,000 -21.0% 0.8%
    Luana Savings Bank $670,000 n/a 0.7%
    First Midwest Bank $635,000 n/a 0.7%
    GERSHMAN INVESTMENT CORP. $420,000 $625,000 48.8% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $375,000 $625,000 66.7% 0.7%
    Farm Credit Mid-America, ACA $1,710,000 $610,000 -64.3% 0.7%
    Deere Employees Credit Union $285,000 $505,000 77.2% 0.6%
    AMERISAVE MORTGAGE CORPORATION $125,000 $485,000 288.0% 0.5%
    Lincoln Savings Bank $635,000 $480,000 -24.4% 0.5%
    JPMorgan Chase Bank $300,000 $440,000 46.7% 0.5%
    LAKEVIEW LOAN SERVICING, LLC $400,000 n/a 0.4%
    TCF National Bank $385,000 n/a 0.4%
    COMPASS MORTGAGE, INC. $545,000 $375,000 -31.2% 0.4%
    USAA Federal Savings Bank $290,000 $365,000 25.9% 0.4%
    KeyBank $355,000 n/a 0.4%
    Bankers Trust Company $325,000 n/a 0.4%
    Barrington Bank & Trust Company, N.A. $330,000 $325,000 -1.5% 0.4%
    Farmers State Bank $325,000 n/a 0.4%
    Fortress Bank $250,000 $275,000 10.0% 0.3%
    CHURCHILL MORTGAGE CORPORATION $370,000 $250,000 -32.4% 0.3%
    FRONTIER FINANCIAL, INC. $625,000 $245,000 -60.8% 0.3%
    HOME POINT FINANCIAL CORPORATION $285,000 $245,000 -14.0% 0.3%
    The Huntington National Bank $245,000 n/a 0.3%
    Carrington Mortgage Services, LLC $150,000 $240,000 60.0% 0.3%
    CITIZENS EQUITY FIRST $235,000 n/a 0.3%
    COMMUNITYAMERICA $235,000 n/a 0.3%
    LAND HOME FINANCIAL SERVICES, INC. $320,000 $220,000 -31.3% 0.2%
    MOVEMENT MORTGAGE, LLC $215,000 n/a 0.2%
    The Federal Savings Bank $185,000 $215,000 16.2% 0.2%
    UNION HOME MORTGAGE CORP. $205,000 n/a 0.2%
    Bank of America $195,000 n/a 0.2%
    Hills Bank and Trust Company $125,000 $195,000 56.0% 0.2%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $185,000 $195,000 5.4% 0.2%
    Low VA Rates, LLC $185,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $185,000 n/a 0.2%
    BETTER MORTGAGE CORPORATION $115,000 $175,000 52.2% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $175,000 n/a 0.2%
    DUPACO COMMUNITY $175,000 n/a 0.2%
    RESIDENTIAL MORTGAGE NETWORK, INC. $105,000 $175,000 66.7% 0.2%
    BROKER SOLUTIONS, INC. $320,000 $165,000 -48.4% 0.2%
    GSF Mortgage Corporation $165,000 n/a 0.2%
    LIBERTY HOME MORTGAGE CORPORATION $145,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $425,000 $145,000 -65.9% 0.2%
    WINGS FINANCIAL $145,000 n/a 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $155,000 $135,000 -12.9% 0.1%
    Gateway First Bank $125,000 n/a 0.1%
    Arvest Bank $115,000 n/a 0.1%
    First Western Trust Bank $115,000 n/a 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $105,000 n/a 0.1%
    HOMESERVICES LENDING, LLC $430,000 $105,000 -75.6% 0.1%
    Stifel Bank and Trust $105,000 n/a 0.1%
    The Central Trust Bank $95,000 n/a 0.1%
    First Savings Bank $85,000 n/a 0.1%
    GUARANTEED RATE, INC. $85,000 n/a 0.1%
    FIRST $75,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $75,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $55,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $165,000 $55,000 -66.7% 0.1%
    Figure Lending LLC $45,000 n/a 0.0%
    Community Choice Credit Union $90,000 $35,000 -61.1% 0.0%
    PHH Mortgage Corporation $35,000 n/a 0.0%
    Midwest Heritage Bank FSB $405,000 $25,000 -93.8% 0.0%

    Oskaloosa's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 10.9% market share. In second place, with 9.7%, is Bank Iowa, having originated $8,795,000 in loans. In third place, with 8.7%, is MidWestOne Bank, having originated $7,860,000 in loans. In third place, with 7.7%, is QUICKEN LOANS, LLC, having originated $6,950,000 in loans. In third place, with 5.8%, is COMMUNITY 1ST CREDIT UNION, having originated $5,255,000 in loans.

    Oskaloosa, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 283 $40,645,000 $143,622
    Refi 231 $31,885,000 $138,030
    Cash Out Refi 124 $15,670,000 $126,371
    Home Improvement 25 $1,365,000 $54,600
    Other 17 $1,265,000 $74,412

    Oskaloosa's most frequently cited loan purpose was Home Purchase, with 283 originations. The 2nd most popular reason was Refi, with 231 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 268 $37,910,000 $141,455
    3-4% 192 $27,450,000 $142,969
    <2.5% 133 $15,335,000 $115,301
    4-5% 31 $2,275,000 $73,387
    5-6% 7 $505,000 $72,143
    Over 8% 2 $70,000 $35,000
    6-7% 1 $15,000 $15,000

    During 2021, Oskaloosa's most frequently originated rate bucket was 2.5-3%, with 268 originations.

    Loan Sizing (Oskaloosa, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 282 $17,050,000 $60,461
    $100k-200k 282 $40,290,000 $142,872
    $200k-400k 103 $25,555,000 $248,107
    $400k-600k 10 $4,650,000 $465,000
    $600k-1000k 2 $1,330,000 $665,000
    $Over $1MM 1 $1,955,000 $1,955,000

    Oskaloosa's loan sizing saw the bucket of loans from $100,000 or less with 282 originations, totaling $17,050,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 226 $35,560,000 $157,345
    60-80% 201 $29,775,000 $148,134
    40-60% 94 $9,640,000 $102,553
    20-40% 58 $4,830,000 $83,276
    Under 20% 45 $1,635,000 $36,333
    Over 100% 3 $315,000 $105,000

    Oskaloosa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 226 originations, totaling $35,560,000 in origination value.

    Market Conditions (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 $113,900 (15.7%) $130,914 (-1.7%) 0.00 51
    2018-02-01 $127,950 (30.9%) $138,714 (3.9%) 0.00 45
    2018-03-01 $107,000 (5.4%) $130,681 (-5.9%) 0.00 47
    2018-04-01 $125,900 (9.6%) $141,816 (-0.5%) 0.00 47
    2018-05-01 $132,450 (13.4%) $140,316 (-2.9%) 0.00 51
    2018-06-01 $127,500 (11.0%) $146,681 (2.7%) 0.00 54
    2018-07-01 $154,900 (34.8%) $159,660 (11.2%) 0.00 58
    2018-08-01 $147,000 (17.7%) $157,202 (6.7%) 0.00 54
    2018-09-01 $135,000 (12.5%) $161,074 (16.7%) 0.00 56
    2018-10-01 $132,000 (13.8%) $165,206 (22.1%) 0.00 58
    2018-11-01 $135,000 (21.2%) $167,192 (29.3%) 0.00 56
    2018-12-01 $149,900 (32.8%) $166,133 (28.1%) 0.00 58
    2019-01-01 $121,400 (6.6%) $157,085 (20.0%) 0.00 49
    2019-02-01 $115,900 (-9.4%) $151,448 (9.2%) 0.00 42
    2019-03-01 $140,614 (31.4%) $160,979 (23.2%) 0.00 45
    2019-04-01 $149,414 (18.7%) $168,973 (19.2%) 0.00 45
    2019-05-01 $152,500 (15.1%) $176,719 (25.9%) 0.00 48
    2019-06-01 $154,900 (21.5%) $173,828 (18.5%) 0.00 55
    2019-07-01 $139,000 (-10.3%) $162,762 (1.9%) 0.00 62
    2019-08-01 $133,000 (-9.5%) $156,986 (-0.1%) 0.00 65
    2019-09-01 $126,000 (-6.7%) $152,041 (-5.6%) 0.00 65
    2019-10-01 $130,000 (-1.5%) $154,457 (-6.5%) 0.00 62
    2019-11-01 $144,900 (7.3%) $169,761 (1.5%) 0.00 66
    2019-12-01 $144,900 (-3.3%) $163,766 (-1.4%) 0.00 55
    2020-01-01 $146,900 (21.0%) $174,047 (10.8%) 0.00 54
    2020-02-01 $146,900 (26.8%) $176,363 (16.5%) 0.00 54
    2020-03-01 $136,000 (-3.3%) $158,093 (-1.8%) 0.00 50
    2020-04-01 $128,500 (-14.0%) $152,531 (-9.7%) 0.00 47
    2020-05-01 $127,500 (-16.4%) $146,360 (-17.2%) 0.00 42
    2020-06-01 $142,400 (-8.1%) $161,505 (-7.1%) 0.00 36
    2020-07-01 $153,200 (10.2%) $166,275 (2.2%) 0.00 38
    2020-08-01 $156,500 (17.7%) $159,246 (1.4%) 0.00 40
    2020-09-01 $126,450 (0.4%) $147,653 (-2.9%) 0.00 40
    2020-10-01 $115,000 (-11.5%) $141,414 (-8.4%) 0.00 44
    2020-11-01 $129,900 (-10.4%) $147,067 (-13.4%) 0.00 40
    2020-12-01 $132,400 (-8.6%) $155,411 (-5.1%) 0.00 36
    2021-01-01 $124,900 (-15.0%) $149,497 (-14.1%) 0.00 33
    2021-02-01 $126,450 (-13.9%) $151,855 (-13.9%) 0.00 30
    2021-03-01 $117,500 (-13.6%) $138,422 (-12.4%) 0.00 35
    2021-04-01 $121,200 (-5.7%) $149,171 (-2.2%) 0.00 42
    2021-05-01 $134,900 (5.8%) $168,623 (15.2%) 0.00 35
    2021-06-01 $168,450 (18.3%) $172,540 (6.8%) 0.00 37
    2021-07-01 $179,500 (17.2%) $193,493 (16.4%) 0.00 19
    2021-08-01 $154,700 (-1.2%) $175,804 (10.4%) 0.00 33
    2021-09-01 $148,900 (17.8%) $171,510 (16.2%) 0.00 34
    2021-10-01 $140,000 (21.7%) $169,563 (19.9%) 0.00 44
    2021-11-01 $134,900 (3.9%) $160,405 (9.1%) 0.00 34
    2021-12-01 $139,900 (5.7%) $160,010 (3.0%) 0.00 26
    2022-01-01 $120,000 (-3.9%) $140,187 (-6.2%) 0.00 23
    2022-02-01 $133,000 (5.2%) $154,182 (1.5%) 0.00 17
    2022-03-01 $146,500 (24.7%) $184,586 (33.4%) 0.00 15
    2022-04-01 $160,000 (32.0%) $186,468 (25.0%) 0.00 15
    2022-05-01 $174,900 (29.7%) $207,703 (23.2%) 0.00 23
    2022-06-01 $172,400 (2.3%) $185,085 (7.3%) 0.00 31
    Oskaloosa's median listing price for 2022-06-01 was $172,400, a difference of $3,950 (2.3%) versus the prior year and $-2,500 versus the prior month.

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

    Oskaloosa's average listing price for 2022-06-01 was $185,085, a difference of $12,545 (7.3%) versus the prior year and $-22,618 versus the prior month.

    For the 2022-06-01 period, Oskaloosa had 31 MLS listings, a difference of 8 listings (35%) versus the prior month and -6 listings (-16%) 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 1,560 sqft
    2018-02-01 0 days 1,560 sqft
    2018-03-01 0 days 1,472 sqft
    2018-04-01 0 days 1,430 sqft
    2018-05-01 0 days 1,488 sqft
    2018-06-01 0 days 1,563 sqft
    2018-07-01 0 days 1,631 sqft
    2018-08-01 0 days 1,685 sqft
    2018-09-01 0 days 1,690 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 1,400 sqft
    2019-03-01 0 days 1,465 sqft
    2019-04-01 0 days 1,521 sqft
    2019-05-01 0 days 1,539 sqft
    2019-06-01 0 days 1,480 sqft
    2019-07-01 0 days 1,400 sqft
    2019-08-01 0 days 1,379 sqft
    2019-09-01 0 days 1,354 sqft
    2019-10-01 0 days 1,387 sqft
    2019-11-01 0 days 1,436 sqft
    2019-12-01 0 days 1,521 sqft
    2020-01-01 0 days 1,635 sqft
    2020-02-01 0 days 1,550 sqft
    2020-03-01 0 days 1,526 sqft
    2020-04-01 0 days 1,550 sqft
    2020-05-01 0 days 1,488 sqft
    2020-06-01 0 days 1,462 sqft
    2020-07-01 0 days 1,436 sqft
    2020-08-01 0 days 1,408 sqft
    2020-09-01 0 days 1,404 sqft
    2020-10-01 0 days 1,336 sqft
    2020-11-01 0 days 1,400 sqft
    2020-12-01 0 days 1,406 sqft
    2021-01-01 0 days 1,436 sqft
    2021-02-01 0 days 1,465 sqft
    2021-03-01 0 days 1,411 sqft
    2021-04-01 0 days 1,436 sqft
    2021-05-01 0 days 1,583 sqft
    2021-06-01 0 days 1,591 sqft
    2021-07-01 0 days 1,485 sqft
    2021-08-01 0 days 1,274 sqft
    2021-09-01 0 days 1,275 sqft
    2021-10-01 0 days 1,300 sqft
    2021-11-01 0 days 1,373 sqft
    2021-12-01 0 days 1,560 sqft
    2022-01-01 0 days 1,732 sqft
    2022-02-01 0 days 1,615 sqft
    2022-03-01 0 days 1,566 sqft
    2022-04-01 0 days 1,669 sqft
    2022-05-01 0 days 1,707 sqft
    2022-06-01 0 days 1,496 sqft
    Oskaloosa's median listing age (time on market) for 2022-06-01 was 0 days.

    Oskaloosa's median square footage for active listings during the 2022-06-01 period was 1,496 sqft. One year prior, the average listing was 1,591 sqft.