Oskaloosa Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 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.