Pella 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 Pella averaged 6.57% for the week of 2025-07-10, compared to the national average of 6.72% for the same period.

    The average rate for the prior week (2025-07-03) was 6.32% and one month ago for the week of 2025-06-05, the average rate was 6.6%.

    Pella's average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-07-10, the average rate was 7.22%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-07-10 6.72%
    Pella 30 Year Fixed Rate 2025-07-10 6.57%
    Pella 30 Year Fixed Rate Refi 2025-07-10 7.22%
    Pella 15 Year Fixed Rate 2025-07-10 5.66%
    Pella 15 Year Fixed Rate Refi 2025-07-10 6.46%
    Pella 30 Year FHA 2025-07-10 6.32%
    Pella 30 Year FHA Refi 2025-07-10 6.42%
    Pella 30 Year USDA 2025-07-10 6.25%
    Pella 30 Year USDA Refi 2025-07-10 6.35%
    Pella 30 Year VA 2025-07-10 6.57%
    Pella 30 Year VA Refi 2025-07-10 6.37%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Pella, IA.

    Pella 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 Pella, 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
    IOWA BANKERS MORTGAGE CORPORATION 82 6.33% $2,209
    COMMUNITY 1ST CREDIT UNION 18 6.97% $2,156
    Wells Fargo Bank 13 6.51% $4,433
    GREENSTATE CREDIT UNION 13 6.60% $2,166
    West Gate Bank 12 6.23% $2,678
    QUICKEN LOANS, LLC 11 6.78% $6,467
    U.S. Bank 11 6.69% $3,321
    Community Choice Credit Union 9 6.24% $2,309
    Fortress Bank 8 6.42% $2,795
    BROKER SOLUTIONS, INC. 7 6.55% $4,974
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 7.05% $3,540
    Northwest Bank 7 6.45% $4,528
    VERIDIAN CREDIT UNION 6 6.67% $1,989
    Sierra Pacific Mortgage Company, Inc. 6 6.96% $3,783
    Bank Iowa 5 7.02% $3,637
    Luana Savings Bank 4 6.78% $1,346
    GUILD MORTGAGE COMPANY 4 7.06% $3,383
    GERSHMAN INVESTMENT CORP. 4 6.09% $3,000
    UNITED WHOLESALE MORTGAGE, LLC 3 7.04% $5,103
    LOANDEPOT.COM, LLC 3 6.42% $7,256
    Barrington Bank & Trust Company, N.A. 3 6.71% $4,218
    HOMESERVICES LENDING, LLC 3 6.42% $4,919
    MidWestOne Bank 3 6.67% $2,177
    Truist 2 7.56% $2,184
    Central Bank 2 6.06% $2,651
    GREATER IOWA CREDIT UNION 2 6.31% $2,125
    Great Southern Bank 2 7.06% $2,781
    LAND HOME FINANCIAL SERVICES, INC. 2 6.50% $6,621
    Premier Credit Union 2 7.19% $4,658
    HomeTown Bank 1 6.38% $8,247
    HOMESIDE FINANCIAL, LLC 1 6.38% $2,907
    FRONTIER FINANCIAL, INC. 1 6.50% $3,384
    MORTGAGE ACCESS CORP. 1 6.99% $6,362
    NAVY FEDERAL CREDIT UNION 1 7.38% $2,077
    FREEDOM MORTGAGE CORPORATION 1 8.13% $6,623
    PREMIA MORTGAGE, LLC 1 7.10% $0
    AMERISAVE MORTGAGE CORPORATION 1 6.63% $6,017
    Financial Funding Solutions, Inc. 1 6.38% $0
    Farmers State Bank 1 6.13% $2,251
    The Loan Store, Inc. 1 6.99% $1,325
    AmeriHome Mortgage Company, LLC 1 7.63% $4,069
    Encompass Lending Group, LP 1 7.13% $3,822
    Deere Employees Credit Union 1 6.63% $3,479
    CITIZENS EQUITY FIRST 1 6.00% $2,126
    Bankers Trust Company 1 6.75% $2,578
    Lincoln Savings Bank 1 5.88% $3,417

    Pella Average Closing Costs & Other Stats

    Pella, IA's 46 lenders originated 690 loans during 2024. The total origination value was $123,910,000, with an average loan value of $179,580.

    Pella's average closing costs are $3,361.

    The top Pella lender as defined by loan originations is IOWA BANKERS MORTGAGE CORPORATION, with 82 loans originated. Their average total fees are $2,209, which is $53 higher than the next largest lender, COMMUNITY 1ST CREDIT UNION.

    The lowest fee Pella lenders (with over 10 loans originated) are COMMUNITY 1ST CREDIT UNION ($2,156), GREENSTATE CREDIT UNION ($2,166), IOWA BANKERS MORTGAGE CORPORATION ($2,209), West Gate Bank ($2,678) and U.S. Bank ($3,321).

    The lowest rate Pella lenders (with over 10 loans originated) are West Gate Bank (6.23%), IOWA BANKERS MORTGAGE CORPORATION (6.33%), Wells Fargo Bank (6.51%), GREENSTATE CREDIT UNION (6.60%) and U.S. Bank (6.69%).

    Pella, 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
    IOWA BANKERS MORTGAGE CORPORATION $14,965,000 $22,590,000 51.0% 18.2%
    COMMUNITY 1ST CREDIT UNION $8,825,000 $8,820,000 -0.1% 7.1%
    Washington State Bank $4,010,000 $7,365,000 83.7% 5.9%
    GREENSTATE CREDIT UNION $3,295,000 $5,555,000 68.6% 4.5%
    U.S. Bank $2,735,000 $4,845,000 77.1% 3.9%
    QUICKEN LOANS, LLC $3,400,000 $4,600,000 35.3% 3.7%
    Leighton State Bank $8,615,000 $3,865,000 -55.1% 3.1%
    BROKER SOLUTIONS, INC. $2,780,000 $3,675,000 32.2% 3.0%
    Community Choice Credit Union $580,000 $3,565,000 514.7% 2.9%
    Fortress Bank $430,000 $3,565,000 729.1% 2.9%
    Wells Fargo Bank $5,665,000 $3,175,000 -44.0% 2.6%
    Bank Iowa $5,595,000 $2,850,000 -49.1% 2.3%
    Mortgage Research Center, LLC $950,000 $2,840,000 198.9% 2.3%
    West Gate Bank $2,690,000 n/a 2.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $3,840,000 $2,335,000 -39.2% 1.9%
    VERIDIAN CREDIT UNION $3,040,000 $2,270,000 -25.3% 1.8%
    Northwest Bank $840,000 $2,060,000 145.2% 1.7%
    UNITED WHOLESALE MORTGAGE, LLC $1,845,000 $1,965,000 6.5% 1.6%
    Sierra Pacific Mortgage Company, Inc. $1,930,000 n/a 1.6%
    Luana Savings Bank $730,000 $1,850,000 153.4% 1.5%
    GERSHMAN INVESTMENT CORP. $1,815,000 n/a 1.5%
    Barrington Bank & Trust Company, N.A. $540,000 $1,760,000 225.9% 1.4%
    MidWestOne Bank $2,055,000 $1,705,000 -17.0% 1.4%
    LAND HOME FINANCIAL SERVICES, INC. $275,000 $1,605,000 483.6% 1.3%
    JPMorgan Chase Bank $1,020,000 $1,175,000 15.2% 0.9%
    Peoples Savings Bank $3,155,000 $1,040,000 -67.0% 0.8%
    Bankers Trust Company $935,000 n/a 0.8%
    PENNYMAC LOAN SERVICES, LLC $1,505,000 $910,000 -39.5% 0.7%
    CARDINAL FINANCIAL $815,000 $905,000 11.0% 0.7%
    GUILD MORTGAGE COMPANY $450,000 $905,000 101.1% 0.7%
    Truist $265,000 $900,000 239.6% 0.7%
    HOMESERVICES LENDING, LLC $2,645,000 $855,000 -67.7% 0.7%
    GREATER IOWA CREDIT UNION $200,000 $800,000 300.0% 0.6%
    Great Southern Bank $865,000 $790,000 -8.7% 0.6%
    FRONTIER FINANCIAL, INC. $175,000 $710,000 305.7% 0.6%
    GUARANTEED RATE, INC. $435,000 $685,000 57.5% 0.6%
    HOMESIDE FINANCIAL, LLC $390,000 $685,000 75.6% 0.6%
    NAVY FEDERAL CREDIT UNION $685,000 $670,000 -2.2% 0.5%
    MUTUAL OF OMAHA MORTGAGE, INC. $835,000 $660,000 -21.0% 0.5%
    HomeTown Bank $575,000 n/a 0.5%
    NEW DAY FINANCIAL, LLC $550,000 n/a 0.4%
    LAKEVIEW LOAN SERVICING, LLC $520,000 n/a 0.4%
    Deere Employees Credit Union $510,000 n/a 0.4%
    LOANDEPOT.COM, LLC $360,000 $475,000 31.9% 0.4%
    STOCKTON MORTGAGE CORPORATION $475,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $65,000 $395,000 507.7% 0.3%
    Farm Credit Mid-America, ACA $1,660,000 $390,000 -76.5% 0.3%
    Financial Funding Solutions, Inc. $365,000 n/a 0.3%
    Bank of America $105,000 $355,000 238.1% 0.3%
    MORTGAGE ACCESS CORP. $345,000 n/a 0.3%
    PREMIA MORTGAGE, LLC $680,000 $295,000 -56.6% 0.2%
    AMERISAVE MORTGAGE CORPORATION $610,000 $290,000 -52.5% 0.2%
    Central Bank $15,000 $280,000 1,766.7% 0.2%
    MOVEMENT MORTGAGE, LLC $280,000 n/a 0.2%
    Farmers State Bank $265,000 n/a 0.2%
    Plains Commerce Bank $125,000 $235,000 88.0% 0.2%
    VILLAGE CAPITAL MORTGAGE $155,000 $235,000 51.6% 0.2%
    GSF Mortgage Corporation $225,000 n/a 0.2%
    CITIZENS EQUITY FIRST $215,000 n/a 0.2%
    21ST MORTGAGE CORPORATION $75,000 $210,000 180.0% 0.2%
    City State Bank $205,000 n/a 0.2%
    Midwest Heritage Bank FSB $520,000 $205,000 -60.6% 0.2%
    NEWREZ LLC $460,000 $200,000 -56.5% 0.2%
    Premier Credit Union $425,000 $200,000 -52.9% 0.2%
    Encompass Lending Group, LP $195,000 n/a 0.2%
    Lincoln Savings Bank $1,830,000 $195,000 -89.3% 0.2%
    USAA Federal Savings Bank $825,000 $185,000 -77.6% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $175,000 n/a 0.1%
    COMPASS MORTGAGE, INC. $525,000 $165,000 -68.6% 0.1%
    Summit Mortgage Corporation $225,000 $145,000 -35.6% 0.1%
    AMERICAN FINANCING CORPORATION $135,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $125,000 $135,000 8.0% 0.1%
    GARDNER FINANCIAL SERVICES, LTD. $135,000 n/a 0.1%
    MARINE $445,000 $130,000 -70.8% 0.1%
    Arvest Bank $575,000 $125,000 -78.3% 0.1%
    Figure Lending LLC $115,000 n/a 0.1%
    Coastal Community Bank $90,000 n/a 0.1%
    Collins Community Credit Union $650,000 $90,000 -86.2% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $65,000 $90,000 38.5% 0.1%
    BMO Harris Bank $85,000 n/a 0.1%
    The Central Trust Bank $1,115,000 $75,000 -93.3% 0.1%
    FINANCIAL PLUS Credit Union $25,000 $65,000 160.0% 0.1%
    First Class Community Credit Union $65,000 n/a 0.1%
    Serve Credit Union $35,000 $65,000 85.7% 0.1%
    First Interstate Bank $105,000 $55,000 -47.6% 0.0%
    PENTAGON FEDERAL CREDIT UNION $650,000 $55,000 -91.5% 0.0%
    American State Bank $45,000 n/a 0.0%
    Tradesmen Community Credit Union $185,000 $45,000 -75.7% 0.0%
    The Loan Store, Inc. $35,000 n/a 0.0%
    FEDEX EMPLOYEES CREDIT ASSOCIATION $15,000 n/a 0.0%

    Pella's top lender by overall market share is IOWA BANKERS MORTGAGE CORPORATION, with 18.2% market share. In second place, with 7.1%, is COMMUNITY 1ST CREDIT UNION, having originated $8,820,000 in loans. In third place, with 5.9%, is Washington State Bank, having originated $7,365,000 in loans. In fourth place, with 4.5%, is GREENSTATE CREDIT UNION, having originated $5,555,000 in loans. In fifth place, with 3.9%, is U.S. Bank, having originated $4,845,000 in loans.

    Pella, IA Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 414 $89,180,000 $215,411
    Refi 133 $17,075,000 $128,383
    Cash Out Refi 62 $11,230,000 $181,129
    Other 42 $3,710,000 $88,333
    Home Improvement 39 $2,715,000 $69,615

    Pella's most frequently cited loan purpose was Home Purchase, with 414 originations. The 2nd most popular reason was Refi, with 133 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 278 $60,760,000 $218,561
    7-8% 115 $19,655,000 $170,913
    5-6% 84 $19,790,000 $235,595
    <2.5% 81 $4,795,000 $59,198
    Over 8% 61 $4,775,000 $78,279
    4-5% 3 $505,000 $168,333

    During 2024, Pella's most frequently originated rate bucket was 6-7%, with 278 originations.

    Loan Sizing (Pella, IA MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 226 $33,660,000 $148,938
    $200k-400k 223 $60,795,000 $272,623
    $100,000 or less 203 $10,105,000 $49,778
    $400k-600k 31 $14,395,000 $464,355
    $600k-1000k 7 $4,955,000 $707,857

    Pella's loan sizing saw the bucket of loans from $100k-200k with 226 originations, totaling $33,660,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 248 $58,400,000 $235,484
    60-80% 122 $27,400,000 $224,590
    Under 20% 103 $4,615,000 $44,806
    20-40% 85 $7,855,000 $92,412
    40-60% 58 $9,880,000 $170,345
    Over 100% 3 $975,000 $325,000

    Pella's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 248 originations, totaling $58,400,000 in origination value.