Ottumwa Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Ottumwa averaged 6.63% for the week of 2025-04-10, compared to the national average of 6.62% for the same period.

    The average rate for the prior week (2025-04-03) was 6.75% and one month ago for the week of 2025-03-06, the average rate was 6.54%.

    Ottumwa's average rate one year ago was 7.03%.

    For refis of the same type during the week of 2025-04-10, the average rate was 7.02%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-10 6.62%
    Ottumwa 30 Year Fixed Rate 2025-04-10 6.63%
    Ottumwa 30 Year Fixed Rate Refi 2025-04-10 7.02%
    Ottumwa 15 Year Fixed Rate 2025-04-10 6.02%
    Ottumwa 15 Year Fixed Rate Refi 2025-04-10 5.72%
    Ottumwa 30 Year FHA 2025-04-10 6.71%
    Ottumwa 30 Year FHA Refi 2025-04-10 6.53%
    Ottumwa 30 Year USDA 2025-04-10 6.55%
    Ottumwa 30 Year USDA Refi 2025-04-10 6.45%
    Ottumwa 30 Year VA 2025-04-10 6.49%
    Ottumwa 30 Year VA Refi 2025-04-10 6.19%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Ottumwa, IA.

    Ottumwa 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 Ottumwa, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    COMMUNITY 1ST CREDIT UNION 69 6.89% $2,346
    U.S. Bank 22 6.73% $2,784
    West Gate Bank 18 6.26% $2,576
    QUICKEN LOANS, LLC 11 6.92% $5,563
    IOWA BANKERS MORTGAGE CORPORATION 8 6.75% $2,702
    GREENSTATE CREDIT UNION 7 6.43% $2,334
    BROKER SOLUTIONS, INC. 6 6.69% $4,721
    Deere Employees Credit Union 6 5.76% $2,855
    Wells Fargo Bank 4 6.69% $4,056
    Community Choice Credit Union 2 6.69% $2,303
    CROSSCOUNTRY MORTGAGE, LLC 2 6.66% $5,200
    Bank Iowa 1 7.63% $2,415
    LEADERONE FINANCIAL CORPORATION 1 7.99% $5,320
    LOANDEPOT.COM, LLC 1 6.50% $14,589
    MidWestOne Bank 1 6.75% $2,608
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.63% $13,689
    Northwest Bank 1 6.63% $3,322
    Quontic Bank 1 9.50% $6,655
    Truist 1 6.88% $2,461
    VERIDIAN CREDIT UNION 1 7.38% $2,405
    Waterstone Mortgage Corporation 1 6.63% $7,029
    Bank of America 1 6.38% $2,775
    DUPACO COMMUNITY 1 6.25% $7,749
    First Interstate Bank 1 7.13% $3,056
    First National Bank of Omaha 1 6.63% $5,078
    GUARANTEED RATE, INC. 1 6.50% $5,314
    GUILD MORTGAGE COMPANY 1 6.50% $3,038

    Ottumwa Average Closing Costs & Other Stats

    Ottumwa, IA's 27 lenders originated 578 loans during 2024. The total origination value was $64,550,000, with an average loan value of $111,678.

    Ottumwa's average closing costs are $3,364.

    The top Ottumwa lender as defined by loan originations is COMMUNITY 1ST CREDIT UNION, with 69 loans originated. Their average total fees are $2,346, which is $439 lower than the next largest lender, U.S. Bank.

    The lowest fee Ottumwa lenders (with over 10 loans originated) are COMMUNITY 1ST CREDIT UNION ($2,346), West Gate Bank ($2,576), U.S. Bank ($2,784), QUICKEN LOANS, LLC ($5,563) and .

    The lowest rate Ottumwa lenders (with over 10 loans originated) are West Gate Bank (6.26%), U.S. Bank (6.73%), COMMUNITY 1ST CREDIT UNION (6.89%), QUICKEN LOANS, LLC (6.92%) and .

    Ottumwa, 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 $20,485,000 $18,035,000 -12.0% 27.9%
    U.S. Bank $6,420,000 $5,645,000 -12.1% 8.7%
    QUICKEN LOANS, LLC $2,660,000 $3,995,000 50.2% 6.2%
    Mortgage Research Center, LLC $2,085,000 $3,765,000 80.6% 5.8%
    BROKER SOLUTIONS, INC. $1,020,000 $2,940,000 188.2% 4.6%
    West Gate Bank $825,000 $2,645,000 220.6% 4.1%
    Deere Employees Credit Union $2,470,000 $2,245,000 -9.1% 3.5%
    CROSSCOUNTRY MORTGAGE, LLC $2,780,000 $1,940,000 -30.2% 3.0%
    GREENSTATE CREDIT UNION $1,480,000 $1,485,000 0.3% 2.3%
    Pinnacle Bank $1,385,000 n/a 2.1%
    IOWA BANKERS MORTGAGE CORPORATION $855,000 $1,205,000 40.9% 1.9%
    MidWestOne Bank $740,000 $1,140,000 54.1% 1.8%
    PENNYMAC LOAN SERVICES, LLC $830,000 n/a 1.3%
    Washington State Bank $345,000 $785,000 127.5% 1.2%
    GUARANTEED RATE, INC. $395,000 $645,000 63.3% 1.0%
    Wells Fargo Bank $1,085,000 $610,000 -43.8% 0.9%
    AMERISAVE MORTGAGE CORPORATION $385,000 $605,000 57.1% 0.9%
    AMERICAN PACIFIC MORTGAGE CORPORATION $685,000 $560,000 -18.2% 0.9%
    FREEDOM MORTGAGE CORPORATION $535,000 $545,000 1.9% 0.8%
    GUILD MORTGAGE COMPANY $105,000 $510,000 385.7% 0.8%
    NEWREZ LLC $495,000 n/a 0.8%
    Sierra Pacific Mortgage Company, Inc. $125,000 $470,000 276.0% 0.7%
    Waterstone Mortgage Corporation $470,000 n/a 0.7%
    VILLAGE CAPITAL MORTGAGE $455,000 n/a 0.7%
    HOMESERVICES LENDING, LLC $160,000 $445,000 178.1% 0.7%
    21ST MORTGAGE CORPORATION $350,000 $430,000 22.9% 0.7%
    DUPACO COMMUNITY $185,000 $430,000 132.4% 0.7%
    CARDINAL FINANCIAL $400,000 $400,000 0.0% 0.6%
    Community Choice Credit Union $210,000 $395,000 88.1% 0.6%
    LOANDEPOT.COM, LLC $200,000 $380,000 90.0% 0.6%
    USAA Federal Savings Bank $245,000 $365,000 49.0% 0.6%
    Bank Iowa $1,025,000 $360,000 -64.9% 0.6%
    MEMBERS1st Community Credit Union $330,000 n/a 0.5%
    The Federal Savings Bank $510,000 $315,000 -38.2% 0.5%
    Barrington Bank & Trust Company, N.A. $285,000 n/a 0.4%
    Fortress Bank $795,000 $285,000 -64.2% 0.4%
    MUTUAL OF OMAHA MORTGAGE, INC. $185,000 $265,000 43.2% 0.4%
    First Interstate Bank $255,000 n/a 0.4%
    RESIDENTIAL MORTGAGE NETWORK, INC. $280,000 $250,000 -10.7% 0.4%
    VERIDIAN CREDIT UNION $490,000 $240,000 -51.0% 0.4%
    TruHome Solutions, LLC $230,000 n/a 0.4%
    First National Bank of Omaha $225,000 $225,000 0.0% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $215,000 n/a 0.3%
    NETWORK CAPITAL FUNDING CORPORATION $215,000 n/a 0.3%
    Peoples Bank $205,000 n/a 0.3%
    Quontic Bank $205,000 n/a 0.3%
    Serve Credit Union $205,000 n/a 0.3%
    JPMorgan Chase Bank $175,000 n/a 0.3%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $165,000 n/a 0.3%
    Plains Commerce Bank $160,000 n/a 0.2%
    Flagstar Bank, FSB $155,000 n/a 0.2%
    Truist $145,000 n/a 0.2%
    Bank of America $400,000 $125,000 -68.8% 0.2%
    LEADERONE FINANCIAL CORPORATION $125,000 n/a 0.2%
    UNITED WHOLESALE MORTGAGE, LLC $455,000 $125,000 -72.5% 0.2%
    NAVY FEDERAL CREDIT UNION $35,000 $120,000 242.9% 0.2%
    MARINE $210,000 $115,000 -45.2% 0.2%
    Northwest Bank $115,000 n/a 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $110,000 n/a 0.2%
    Third Federal Savings and Loan Association of Cleveland $105,000 n/a 0.2%
    TRIAD FINANCIAL SERVICES, INC. $85,000 $105,000 23.5% 0.2%
    NEW DAY FINANCIAL, LLC $85,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $190,000 $85,000 -55.3% 0.1%
    Figure Lending LLC $60,000 n/a 0.1%
    First Class Community Credit Union $55,000 n/a 0.1%
    Leighton State Bank $555,000 $55,000 -90.1% 0.1%
    Coastal Community Bank $25,000 $40,000 60.0% 0.1%
    BancFirst $35,000 n/a 0.1%
    BTC BANK $25,000 n/a 0.0%
    Lakeview Community Capital, LLC $25,000 n/a 0.0%
    FINANCIAL PLUS Credit Union $15,000 n/a 0.0%

    Ottumwa's top lender by overall market share is COMMUNITY 1ST CREDIT UNION, with 27.9% market share. In second place, with 8.7%, is U.S. Bank, having originated $5,645,000 in loans. In third place, with 6.2%, is QUICKEN LOANS, LLC, having originated $3,995,000 in loans. In fourth place, with 5.8%, is Mortgage Research Center, LLC, having originated $3,765,000 in loans. In fifth place, with 4.6%, is BROKER SOLUTIONS, INC., having originated $2,940,000 in loans.

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

    Realtor.com - Ottumwa (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 $84,950 (-17.1%) $116,556 (-7.8%) 0.00 114
    2018-02-01 $81,250 (-21.6%) $106,350 (-17.1%) 0.00 120
    2018-03-01 $82,750 (-27.3%) $114,085 (-15.3%) 0.00 120
    2018-04-01 $88,850 (-22.7%) $124,103 (-8.1%) 0.00 125
    2018-05-01 $94,900 (-9.1%) $125,821 (-7.6%) 0.00 127
    2018-06-01 $93,950 (-14.0%) $124,857 (-11.1%) 0.00 136
    2018-07-01 $89,000 (-13.6%) $121,065 (-11.5%) 0.00 151
    2018-08-01 $91,175 (-9.2%) $121,446 (-10.4%) 0.00 157
    2018-09-01 $89,900 (-10.0%) $122,630 (-3.0%) 0.00 156
    2018-10-01 $100,875 (6.4%) $123,019 (4.2%) 0.00 148
    2018-11-01 $107,250 (10.6%) $124,914 (6.8%) 0.00 145
    2018-12-01 $107,750 (20.4%) $126,371 (9.4%) 0.00 142
    2019-01-01 $110,725 (30.3%) $129,860 (11.4%) 0.00 132
    2019-02-01 $105,000 (29.2%) $126,903 (19.3%) 0.00 128
    2019-03-01 $105,943 (28.0%) $126,992 (11.3%) 0.00 120
    2019-04-01 $110,493 (24.4%) $132,345 (6.6%) 0.00 117
    2019-05-01 $105,225 (10.9%) $129,609 (3.0%) 0.00 131
    2019-06-01 $102,500 (9.1%) $129,854 (4.0%) 0.00 129
    2019-07-01 $109,475 (23.0%) $132,660 (9.6%) 0.00 135
    2019-08-01 $110,382 (21.1%) $134,404 (10.7%) 0.00 134
    2019-09-01 $118,605 (31.9%) $139,260 (13.6%) 0.00 133
    2019-10-01 $125,000 (23.9%) $142,619 (15.9%) 0.00 135
    2019-11-01 $128,250 (19.6%) $151,588 (21.4%) 0.00 129
    2019-12-01 $127,000 (17.9%) $150,115 (18.8%) 0.00 117
    2020-01-01 $129,350 (16.8%) $153,660 (18.3%) 0.00 114
    2020-02-01 $129,000 (22.9%) $152,932 (20.5%) 0.00 107
    2020-03-01 $143,125 (35.1%) $157,880 (24.3%) 0.00 107
    2020-04-01 $146,350 (32.5%) $161,134 (21.8%) 0.00 106
    2020-05-01 $152,000 (44.5%) $164,653 (27.0%) 0.00 101
    2020-06-01 $155,000 (51.2%) $168,777 (30.0%) 0.00 84
    2020-07-01 $147,000 (34.3%) $166,969 (25.9%) 0.00 71
    2020-08-01 $157,500 (42.7%) $179,250 (33.4%) 0.00 70
    2020-09-01 $142,875 (20.5%) $155,794 (11.9%) 0.00 68
    2020-10-01 $115,000 (-8.0%) $133,399 (-6.5%) 0.00 63
    2020-11-01 $125,000 (-2.5%) $136,676 (-9.8%) 0.00 72
    2020-12-01 $122,500 (-3.5%) $140,221 (-6.6%) 0.00 59
    2021-01-01 $98,000 (-24.2%) $124,376 (-19.1%) 0.00 52
    2021-02-01 $104,250 (-19.2%) $140,564 (-8.1%) 0.00 53
    2021-03-01 $103,750 (-27.5%) $136,548 (-13.5%) 0.00 52
    2021-04-01 $108,250 (-26.0%) $134,749 (-16.4%) 0.00 44
    2021-05-01 $129,450 (-14.8%) $146,236 (-11.2%) 0.00 45
    2021-06-01 $128,750 (-16.9%) $141,866 (-15.9%) 0.00 45
    2021-07-01 $108,000 (-26.5%) $130,660 (-21.8%) 0.00 47
    2021-08-01 $101,875 (-35.3%) $119,634 (-33.3%) 0.00 59
    2021-09-01 $102,250 (-28.4%) $117,458 (-24.6%) 0.00 54
    2021-10-01 $105,000 (-8.7%) $121,577 (-8.9%) 0.00 62
    2021-11-01 $101,600 (-18.7%) $121,946 (-10.8%) 0.00 54
    2021-12-01 $97,500 (-20.4%) $115,114 (-17.9%) 0.00 50
    2022-01-01 $89,000 (-9.2%) $114,103 (-8.3%) 0.00 46
    2022-02-01 $99,675 (-4.4%) $134,818 (-4.1%) 0.00 45
    2022-03-01 $115,000 (10.8%) $148,501 (8.8%) 0.00 46
    2022-04-01 $124,950 (15.4%) $161,193 (19.6%) 0.00 43
    2022-05-01 $142,375 (10.0%) $161,686 (10.6%) 0.00 56
    2022-06-01 $121,850 (-5.4%) $152,965 (7.8%) 0.00 66
    2022-07-01 $133,950 (24.0%) $160,544 (22.9%) 0.00 75
    2022-08-01 $123,700 (21.4%) $164,101 (37.2%) 0.00 58
    2022-09-01 $122,000 (19.3%) $168,942 (43.8%) 0.00 61
    2022-10-01 $131,250 (25.0%) $177,315 (45.9%) 0.00 66
    2022-11-01 $133,125 (31.0%) $184,067 (50.9%) 0.00 65
    2022-12-01 $133,750 (37.2%) $171,429 (48.9%) 0.00 70
    2023-01-01 $138,450 (55.6%) $172,730 (51.4%) 0.00 64
    2023-02-01 $133,750 (34.2%) $165,178 (22.5%) 0.00 54
    2023-03-01 $130,000 (13.0%) $165,787 (11.6%) 0.00 47
    2023-04-01 $139,950 (12.0%) $178,473 (10.7%) 0.00 38
    2023-05-01 $177,450 (24.6%) $205,574 (27.1%) 0.00 53
    2023-06-01 $166,100 (36.3%) $199,480 (30.4%) 0.00 56
    2023-07-01 $175,000 (30.7%) $211,520 (31.8%) 0.00 58
    2023-08-01 $156,625 (26.6%) $214,512 (30.7%) 0.00 63
    2023-09-01 $159,900 (31.1%) $200,985 (19.0%) 0.00 58
    2023-10-01 $146,975 (12.0%) $188,022 (6.0%) 0.00 65
    2023-11-01 $155,600 (16.9%) $201,311 (9.4%) 0.00 65
    2023-12-01 $153,750 (15.0%) $196,585 (14.7%) 0.00 65
    2024-01-01 $145,725 (5.3%) $178,148 (3.1%) 0.00 58
    2024-02-01 $157,400 (17.7%) $189,773 (14.9%) 0.00 55
    2024-03-01 $149,450 (15.0%) $190,856 (15.1%) 0.00 57
    2024-04-01 $162,925 (16.4%) $192,154 (7.7%) 0.00 58
    2024-05-01 $170,850 (-3.7%) $202,686 (-1.4%) 0.00 59
    2024-06-01 $169,000 (1.8%) $209,427 (5.0%) 0.00 74
    2024-07-01 $166,250 (-5.0%) $202,768 (-4.1%) 0.00 97
    2024-08-01 $159,900 (2.1%) $196,462 (-8.4%) 0.00 103
    2024-09-01 $159,625 (-0.2%) $196,770 (-2.1%) 0.00 113
    2024-10-01 $157,838 (7.4%) $190,618 (1.4%) 0.00 131
    2024-11-01 $163,000 (4.8%) $194,368 (-3.5%) 0.00 129
    2024-12-01 $159,500 (3.7%) $185,304 (-5.7%) 0.00 118
    2025-01-01 $157,000 (7.7%) $182,517 (2.5%) 0.00 112
    2025-02-01 $152,950 (-2.8%) $178,214 (-6.1%) 0.00 113
    2025-03-01 $149,900 (0.3%) $178,330 (-6.6%) 0.00 112
    Ottumwa's median listing price for 2025-03-01 was $149,900, a difference of $450 (0.3%) versus the prior year and $-3,050 versus the prior month.

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

    Ottumwa's average listing price for 2025-03-01 was $178,330, a difference of $-12,526 (-6.6%) versus the prior year and $116 versus the prior month.

    For the 2025-03-01 period, Ottumwa had 112 MLS listings, a difference of -1 listings (-1%) versus the prior month and 55 listings (96%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Ottumwa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,286 sqft
    2018-02-01 0 days 1,262 sqft
    2018-03-01 0 days 1,250 sqft
    2018-04-01 0 days 1,330 sqft
    2018-05-01 0 days 1,296 sqft
    2018-06-01 0 days 1,358 sqft
    2018-07-01 0 days 1,308 sqft
    2018-08-01 0 days 1,296 sqft
    2018-09-01 0 days 1,308 sqft
    2018-10-01 0 days 1,356 sqft
    2018-11-01 0 days 1,384 sqft
    2018-12-01 0 days 1,357 sqft
    2019-01-01 0 days 1,376 sqft
    2019-02-01 0 days 1,422 sqft
    2019-03-01 0 days 1,442 sqft
    2019-04-01 0 days 1,465 sqft
    2019-05-01 0 days 1,452 sqft
    2019-06-01 0 days 1,440 sqft
    2019-07-01 0 days 1,446 sqft
    2019-08-01 0 days 1,423 sqft
    2019-09-01 0 days 1,396 sqft
    2019-10-01 0 days 1,376 sqft
    2019-11-01 0 days 1,434 sqft
    2019-12-01 0 days 1,356 sqft
    2020-01-01 0 days 1,665 sqft
    2020-02-01 0 days 1,392 sqft
    2020-03-01 0 days 1,401 sqft
    2020-04-01 0 days 1,500 sqft
    2020-05-01 0 days 1,456 sqft
    2020-06-01 0 days 1,459 sqft
    2020-07-01 0 days 1,460 sqft
    2020-08-01 0 days 1,500 sqft
    2020-09-01 0 days 1,479 sqft
    2020-10-01 0 days 1,380 sqft
    2020-11-01 0 days 1,450 sqft
    2020-12-01 0 days 1,432 sqft
    2021-01-01 0 days 1,320 sqft
    2021-02-01 0 days 1,289 sqft
    2021-03-01 0 days 1,282 sqft
    2021-04-01 0 days 1,238 sqft
    2021-05-01 0 days 1,362 sqft
    2021-06-01 0 days 1,303 sqft
    2021-07-01 0 days 1,152 sqft
    2021-08-01 0 days 1,179 sqft
    2021-09-01 0 days 1,225 sqft
    2021-10-01 0 days 1,242 sqft
    2021-11-01 0 days 1,170 sqft
    2021-12-01 0 days 1,153 sqft
    2022-01-01 0 days 1,150 sqft
    2022-02-01 0 days 1,175 sqft
    2022-03-01 0 days 1,292 sqft
    2022-04-01 0 days 1,292 sqft
    2022-05-01 0 days 1,303 sqft
    2022-06-01 0 days 1,316 sqft
    2022-07-01 0 days 1,344 sqft
    2022-08-01 0 days 1,370 sqft
    2022-09-01 0 days 1,382 sqft
    2022-10-01 0 days 1,430 sqft
    2022-11-01 0 days 1,488 sqft
    2022-12-01 0 days 1,380 sqft
    2023-01-01 0 days 1,314 sqft
    2023-02-01 0 days 1,344 sqft
    2023-03-01 0 days 1,468 sqft
    2023-04-01 0 days 1,405 sqft
    2023-05-01 0 days 1,510 sqft
    2023-06-01 0 days 1,401 sqft
    2023-07-01 0 days 1,388 sqft
    2023-08-01 0 days 1,462 sqft
    2023-09-01 0 days 1,404 sqft
    2023-10-01 0 days 1,410 sqft
    2023-11-01 0 days 1,470 sqft
    2023-12-01 0 days 1,469 sqft
    2024-01-01 0 days 1,443 sqft
    2024-02-01 0 days 1,458 sqft
    2024-03-01 0 days 1,223 sqft
    2024-04-01 0 days 1,196 sqft
    2024-05-01 0 days 1,259 sqft
    2024-06-01 0 days 1,304 sqft
    2024-07-01 0 days 1,228 sqft
    2024-08-01 0 days 1,220 sqft
    2024-09-01 0 days 1,212 sqft
    2024-10-01 0 days 1,231 sqft
    2024-11-01 0 days 1,230 sqft
    2024-12-01 0 days 1,234 sqft
    2025-01-01 0 days 1,240 sqft
    2025-02-01 0 days 1,240 sqft
    2025-03-01 0 days 1,303 sqft
    Ottumwa's median listing age (time on market) for 2025-03-01 was 0 days.

    Ottumwa's median square footage for active listings during the 2025-03-01 period was 1,303 sqft. One year prior, the average listing was 1,223 sqft.

    Ottumwa, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 343 $44,955,000 $131,064
    Refi 163 $13,365,000 $81,994
    Cash Out Refi 31 $4,195,000 $135,323
    Other 22 $1,030,000 $46,818
    Home Improvement 19 $1,005,000 $52,895

    Ottumwa's most frequently cited loan purpose was Home Purchase, with 343 originations. The 2nd most popular reason was Refi, with 163 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 255 $35,745,000 $140,176
    <2.5% 119 $5,375,000 $45,168
    7-8% 83 $10,155,000 $122,349
    Over 8% 44 $2,890,000 $65,682
    5-6% 39 $7,715,000 $197,821
    2.5-3% 1 $135,000 $135,000

    During 2024, Ottumwa's most frequently originated rate bucket was 6-7%, with 255 originations.

    Loan Sizing (Ottumwa, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 307 $15,445,000 $50,309
    $100k-200k 185 $25,205,000 $136,243
    $200k-400k 81 $20,845,000 $257,346
    $400k-600k 4 $1,670,000 $417,500
    $Over $1MM 1 $1,385,000 $1,385,000

    Ottumwa's loan sizing saw the bucket of loans from $100,000 or less with 307 originations, totaling $15,445,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 251 $38,355,000 $152,809
    20-40% 87 $4,365,000 $50,172
    60-80% 85 $12,175,000 $143,235
    Under 20% 77 $1,805,000 $23,442
    40-60% 32 $3,060,000 $95,625
    Over 100% 3 $845,000 $281,667

    Ottumwa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 251 originations, totaling $38,355,000 in origination value.