WATERLOO - CEDAR FALLS Mortgage Rates

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

30 Year Fixed Rate mortgages in Waterloo - Cedar Falls averaged 6.01% for the week of 2022-06-23, compared to the national average of 5.81% for the same period.

The average rate for the prior week (2022-06-16) was 6.18% and one month ago for the week of 2022-05-19, the average rate was 5.55%.

Waterloo - Cedar Falls's average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-06-23, the average rate was 6.04%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-23 5.81%
Waterloo - Cedar Falls 30 Year Fixed Rate 2022-06-23 6.01%
Waterloo - Cedar Falls 30 Year Fixed Rate Refi 2022-06-23 6.04%
Waterloo - Cedar Falls 15 Year Fixed Rate 2022-06-23 5.45%
Waterloo - Cedar Falls 15 Year Fixed Rate Refi 2022-06-23 4.88%
Waterloo - Cedar Falls 30 Year FHA 2022-06-23 0.2%
Waterloo - Cedar Falls 30 Year FHA Refi 2022-06-23 0.34%
Waterloo - Cedar Falls 30 Year USDA 2022-06-23 -0.29%
Waterloo - Cedar Falls 30 Year USDA Refi 2022-06-23 -0.39%
Waterloo - Cedar Falls 30 Year VA 2022-06-23 0.08%
Waterloo - Cedar Falls 30 Year VA Refi 2022-06-23 0.15%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within WATERLOO-CEDAR FALLS, IA.

WATERLOO - CEDAR FALLS 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 WATERLOO-CEDAR FALLS, 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
VERIDIAN CREDIT UNION 1,027 2.99% $1,715
GREENSTATE CREDIT UNION 948 3.03% $2,132
IOWA BANKERS MORTGAGE CORPORATION 227 2.81% $1,806
Collins Community Credit Union 217 3.00% $1,427
Farmers State Bank 214 3.41% $1,558
Lincoln Savings Bank 154 2.93% $2,318
DUPACO COMMUNITY 87 2.81% $2,583
QUICKEN LOANS, LLC 76 3.24% $4,147
DAS Acquisition Company, LLC 75 3.03% $3,085
Deere Employees Credit Union 62 2.58% $2,587
Fidelity Bank & Trust 51 3.12% $1,605
U.S. Bank 50 3.13% $2,666
BankIowa of Cedar Rapids 32 2.96% $1,582
Wells Fargo Bank 24 3.16% $2,622
MidWestOne Bank 21 3.05% $1,845
LOANDEPOT.COM, LLC 9 3.15% $3,361
NEWREZ LLC 8 3.15% $3,156
PENNYMAC LOAN SERVICES, LLC 7 3.11% $5,977
Mr. Cooper ( Nationstar Mortgage ) 7 3.45% $4,660
UNITED WHOLESALE MORTGAGE, LLC 7 3.07% $3,299
Community Savings Bank 7 2.59% $2,745
BROKER SOLUTIONS, INC. 7 3.25% $3,702
Bank Iowa 7 3.14% $1,495
FREEDOM MORTGAGE CORPORATION 7 3.21% $2,243
HOME POINT FINANCIAL CORPORATION 6 2.88% $2,102
GUILD MORTGAGE COMPANY 6 3.00% $3,953
Flanagan State Bank 6 3.44% $5,168
Luana Savings Bank 5 3.15% $936
Carrington Mortgage Services, LLC 5 3.40% $3,974
Regions Bank 5 3.20% $3,285
GERSHMAN INVESTMENT CORP. 5 3.38% $3,277
GUARANTEED RATE, INC. 5 3.30% $3,451
Mortgage Research Center, LLC 4 3.37% $3,030
ROYAL UNITED MORTGAGE LLC 4 3.13% $6,927
CALIBER HOME LOANS, INC. 4 2.82% $2,246
BETTER MORTGAGE CORPORATION 4 2.66% $3,294
ZILLOW HOME LOANS, LLC 3 3.21% $2,759
AMERICAN FINANCING CORPORATION 3 3.00% $4,479
AmeriHome Mortgage Company, LLC 3 3.71% $3,094
AMERISAVE MORTGAGE CORPORATION 3 2.67% $5,885
Bank of America 3 3.13% $2,595
Farm Credit Mid-America, ACA 3 3.30% $4,783
FINANCE OF AMERICA MORTGAGE LLC 3 3.42% $3,483
HOMESIDE FINANCIAL, LLC 3 3.00% $3,321
MARINE 3 7.73% $4,923
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.58% $2,896
Northwest Bank 3 3.50% $2,043
MOVEMENT MORTGAGE, LLC 2 3.06% $2,782
Truist Bank 2 3.16% $1,931
Central Bank 2 2.88% $2,812
Midwest Heritage Bank FSB 2 2.88% $2,184
Ally Bank 2 3.13% $2,841
Ohnward Bank & Trust 2 3.06% $1,890
Reliabank Dakota 2 2.94% $2,771
Hills Bank and Trust Company 2 2.94% $1,782
NAVY FEDERAL CREDIT UNION 2 2.63% $2,685
RUOFF MORTGAGE COMPANY, INC. 2 3.06% $2,732
SOFI LENDING CORP. 2 3.25% $3,939
INLANTA MORTGAGE, INC. 2 3.25% $2,762
Flagstar Bank, FSB 2 3.00% $4,797
West Gate Bank 1 3.00% $2,261
MEMBERS1st Community Credit Union 1 2.88% $3,838
Merchants Bank 1 3.03% $4,672
Colonial Savings, F.A. 1 3.63% $3,701
Citizens Bank 1 2.50% $1,992
CHERRY CREEK MORTGAGE, LLC 1 3.88% $538
WINGS FINANCIAL 1 2.38% $2,466
NBKC BANK 1 3.00% $1,386
NETWORK CAPITAL FUNDING CORPORATION 1 3.25% $3,181
Northpointe Bank 1 3.13% $6,274
CANOPY MORTGAGE, LLC 1 2.50% $3,779
PENTAGON FEDERAL CREDIT UNION 1 3.25% $1,897
PHH Mortgage Corporation 1 4.88% $2,296
PNC Bank 1 3.25% $2,667
Princeton Mortgage Corporation 1 3.13% $2,539
First Western Trust Bank 1 3.13% $2,714
Raccoon Valley Bank 1 2.63% $1,804
Baxter Credit Union 1 2.13% $1,625
Bank of England 1 3.13% $3,592
RUHL MORTGAGE, LLC 1 2.63% $1,947
The Central Trust Bank 1 2.63% $2,563
Town & Country Banc Mortgage Services, Inc. 1 2.88% $2,086
UNION HOME MORTGAGE CORP. 1 3.25% $2,668
Bankers' Bank 1 2.63% $7,050
Associated Bank 1 3.13% $2,621
American State Bank 1 2.88% $3,141
Vibrant Credit Union 1 2.13% $2,177
V.I.P. MORTGAGE, INC. 1 3.38% $2,615
Waterstone Mortgage Corporation 1 2.75% $9,114
Fortress Bank 1 3.00% $2,127
Great Southern Bank 1 3.25% $1,870
Great Western Bank 1 2.88% $5,952
BOKF 1 3.38% $3,170
First Merchants Bank 1 3.25% $2,509
FirstBank 1 2.88% $1,806
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.00% $2,322
FIRST 1 3.00% $2,269
Ixonia Bank 1 4.50% $3,090
LAND HOME FINANCIAL SERVICES, INC. 1 2.88% $4,109
LIBERTY HOME MORTGAGE CORPORATION 1 3.38% $8,345
Farmers & Merchants Savings Bank 1 3.00% $1,152
LINN AREA 1 2.50% $1,992
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.13% $4,351
COMMUNITY 1ST CREDIT UNION 1 3.25% $2,669
Magnolia Bank 1 3.50% $3,355

WATERLOO-CEDAR FALLS, IA's 105 lenders originated 8,459 loans during 2021. The total origination value was $1,293,445,000, with an average loan value of $152,908.

The top WATERLOO - CEDAR FALLS lender as defined by loan originations is VERIDIAN CREDIT UNION, with 1,027 loans originated. Their average total fees are $1,715, which is $417 lower than the next largest lender, GREENSTATE CREDIT UNION.

The lowest fee WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are Collins Community Credit Union ($1,427), Farmers State Bank ($1,558), BankIowa of Cedar Rapids ($1,582), Fidelity Bank & Trust ($1,605) and VERIDIAN CREDIT UNION ($1,715).

The lowest rate WATERLOO - CEDAR FALLS lenders (with over 10 loans originated) are Deere Employees Credit Union (2.58%), IOWA BANKERS MORTGAGE CORPORATION (2.81%), DUPACO COMMUNITY (2.81%), Lincoln Savings Bank (2.93%) and BankIowa of Cedar Rapids (2.96%).

WATERLOO-CEDAR FALLS, 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
VERIDIAN CREDIT UNION $277,425,000 $298,845,000 7.7% 23.1%
GREENSTATE CREDIT UNION $249,340,000 $281,305,000 12.8% 21.7%
IOWA BANKERS MORTGAGE CORPORATION $110,440,000 $85,110,000 -22.9% 6.6%
Farmers State Bank $345,000 $78,375,000 22,617.4% 6.1%
Collins Community Credit Union $45,310,000 $49,615,000 9.5% 3.8%
Lincoln Savings Bank $54,875,000 $47,075,000 -14.2% 3.6%
QUICKEN LOANS, LLC $24,365,000 $30,075,000 23.4% 2.3%
U.S. Bank $38,845,000 $29,500,000 -24.1% 2.3%
DUPACO COMMUNITY $18,215,000 $26,660,000 46.4% 2.1%
CEDAR FALLS COMMUNITY CREDIT UNION $25,385,000 $25,095,000 -1.1% 1.9%
GREYSTONE SERVICING COMPANY LLC $14,555,000 $23,970,000 64.7% 1.9%
BankIowa of Cedar Rapids $33,415,000 $23,955,000 -28.3% 1.9%
Luana Savings Bank $12,595,000 $23,140,000 83.7% 1.8%
DAS Acquisition Company, LLC $29,455,000 $23,080,000 -21.6% 1.8%
Deere Employees Credit Union $23,895,000 $22,655,000 -5.2% 1.8%
Denver Savings Bank $23,830,000 $16,865,000 -29.2% 1.3%
Great Western Bank $3,350,000 $16,080,000 380.0% 1.2%
Fidelity Bank & Trust $23,500,000 $15,980,000 -32.0% 1.2%
First Bank $10,575,000 $15,195,000 43.7% 1.2%
MidWestOne Bank $13,285,000 $9,860,000 -25.8% 0.8%
FREEDOM MORTGAGE CORPORATION $5,335,000 $8,615,000 61.5% 0.7%
Wells Fargo Bank $8,035,000 $7,900,000 -1.7% 0.6%
NEWREZ LLC $2,100,000 $6,525,000 210.7% 0.5%
River Bank $6,445,000 n/a 0.5%
Mortgage Research Center, LLC $6,245,000 $6,025,000 -3.5% 0.5%
Hills Bank and Trust Company $1,625,000 $5,695,000 250.5% 0.4%
GNB Bank $7,450,000 $5,390,000 -27.7% 0.4%
GUILD MORTGAGE COMPANY $4,180,000 $5,025,000 20.2% 0.4%
PENNYMAC LOAN SERVICES, LLC $1,505,000 $4,800,000 218.9% 0.4%
LOANDEPOT.COM, LLC $1,735,000 $4,270,000 146.1% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $4,390,000 $4,215,000 -4.0% 0.3%
Green Belt Bank & Trust $5,060,000 $3,420,000 -32.4% 0.3%
Kerndt Brothers Savings Bank $950,000 $3,320,000 249.5% 0.3%
HOME POINT FINANCIAL CORPORATION $1,680,000 $3,235,000 92.6% 0.3%
Regions Bank $3,825,000 $3,110,000 -18.7% 0.2%
AMERISAVE MORTGAGE CORPORATION $1,525,000 $2,770,000 81.6% 0.2%
Bank Iowa $2,160,000 $2,425,000 12.3% 0.2%
Carrington Mortgage Services, LLC $825,000 $2,095,000 153.9% 0.2%
UNITED WHOLESALE MORTGAGE, LLC $930,000 $2,090,000 124.7% 0.2%
CALIBER HOME LOANS, INC. $720,000 $2,070,000 187.5% 0.2%
BETTER MORTGAGE CORPORATION $740,000 $1,830,000 147.3% 0.1%
Community Savings Bank $1,765,000 $1,755,000 -0.6% 0.1%
NEW DAY FINANCIAL, LLC $1,805,000 $1,545,000 -14.4% 0.1%
NBKC BANK $245,000 $1,505,000 514.3% 0.1%
Flanagan State Bank $610,000 $1,460,000 139.3% 0.1%
BROKER SOLUTIONS, INC. $1,925,000 $1,455,000 -24.4% 0.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $800,000 $1,375,000 71.9% 0.1%
Northwest Bank $1,750,000 $1,315,000 -24.9% 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,130,000 $1,265,000 11.9% 0.1%
Servion, Inc. $2,700,000 $1,245,000 -53.9% 0.1%
GERSHMAN INVESTMENT CORP. $720,000 $1,110,000 54.2% 0.1%
AMERICAN FINANCING CORPORATION $720,000 $1,095,000 52.1% 0.1%
Barrington Bank & Trust Company, N.A. $515,000 $1,060,000 105.8% 0.1%
Farm Credit Mid-America, ACA $4,325,000 $1,045,000 -75.8% 0.1%
Flagstar Bank, FSB $240,000 $1,040,000 333.3% 0.1%
GUARANTEED RATE, INC. $885,000 $1,010,000 14.1% 0.1%
Farmers & Merchants Savings Bank $875,000 $950,000 8.6% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $920,000 n/a 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $665,000 $910,000 36.8% 0.1%
HOMESIDE FINANCIAL, LLC $540,000 $825,000 52.8% 0.1%
AmeriHome Mortgage Company, LLC $290,000 $805,000 177.6% 0.1%
Cedar Rapids Bank and Trust Company $4,515,000 $720,000 -84.1% 0.1%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,155,000 $720,000 -37.7% 0.1%
Midwest Heritage Bank FSB $945,000 $720,000 -23.8% 0.1%
MOVEMENT MORTGAGE, LLC $240,000 $720,000 200.0% 0.1%
The Central Trust Bank $690,000 n/a 0.1%
Central Bank $655,000 n/a 0.1%
Low VA Rates, LLC $405,000 $655,000 61.7% 0.1%
NAVY FEDERAL CREDIT UNION $1,155,000 $655,000 -43.3% 0.1%
Vibrant Credit Union $1,515,000 $655,000 -56.8% 0.1%
The Federal Savings Bank $655,000 $635,000 -3.1% 0.0%
Bank of America $390,000 $620,000 59.0% 0.0%
Citizens Bank $115,000 $615,000 434.8% 0.0%
SOFI LENDING CORP. $610,000 n/a 0.0%
MARINE $605,000 n/a 0.0%
Stifel Bank and Trust $620,000 $605,000 -2.4% 0.0%
Magnolia Bank $95,000 $600,000 531.6% 0.0%
Baxter Credit Union $285,000 $585,000 105.3% 0.0%
MUTUAL OF OMAHA MORTGAGE, INC. $385,000 $555,000 44.2% 0.0%
USAA Federal Savings Bank $695,000 $545,000 -21.6% 0.0%
ZILLOW HOME LOANS, LLC $545,000 n/a 0.0%
Midstates Bank $535,000 n/a 0.0%
ROYAL UNITED MORTGAGE LLC $335,000 $530,000 58.2% 0.0%
Truity Federal Credit Union $515,000 n/a 0.0%
Raccoon Valley Bank $270,000 $505,000 87.0% 0.0%
Northpointe Bank $260,000 $490,000 88.5% 0.0%
Heartland Bank and Trust Company $485,000 n/a 0.0%
SOVEREIGN LENDING GROUP INCORPORATED $185,000 $475,000 156.8% 0.0%
American State Bank $460,000 n/a 0.0%
LINN AREA $215,000 $460,000 114.0% 0.0%
Think Mutual Bank $445,000 n/a 0.0%
Ohnward Bank & Trust $435,000 n/a 0.0%
Princeton Mortgage Corporation $420,000 n/a 0.0%
PHH Mortgage Corporation $390,000 n/a 0.0%
21ST MORTGAGE CORPORATION $490,000 $370,000 -24.5% 0.0%
Premier Credit Union $355,000 n/a 0.0%
PENTAGON FEDERAL CREDIT UNION $350,000 n/a 0.0%
JPMorgan Chase Bank $500,000 $340,000 -32.0% 0.0%
FIRST COMMUNITY MORTGAGE, INC. $300,000 $335,000 11.7% 0.0%
First National Bank, Ames, Iowa $185,000 $325,000 75.7% 0.0%
OPEN MORTGAGE, LLC $325,000 n/a 0.0%
First International Bank & Trust $320,000 n/a 0.0%
NP, Inc. $605,000 $320,000 -47.1% 0.0%
RUHL MORTGAGE, LLC $270,000 $315,000 16.7% 0.0%
Town & Country Banc Mortgage Services, Inc. $315,000 n/a 0.0%
INLANTA MORTGAGE, INC. $250,000 $305,000 22.0% 0.0%
COMMUNITY 1ST CREDIT UNION $300,000 n/a 0.0%
First Bank & Trust $295,000 n/a 0.0%
Waterstone Mortgage Corporation $350,000 $295,000 -15.7% 0.0%
DRAPER AND KRAMER MORTGAGE CORP. $225,000 $275,000 22.2% 0.0%
Associated Bank $195,000 $265,000 35.9% 0.0%
Ally Bank $215,000 $260,000 20.9% 0.0%
TRIAD FINANCIAL SERVICES, INC. $255,000 $260,000 2.0% 0.0%
First National Bank of America $255,000 n/a 0.0%
Fortress Bank $920,000 $255,000 -72.3% 0.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $255,000 n/a 0.0%
Merchants Bank $255,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $255,000 n/a 0.0%
BOKF $390,000 $250,000 -35.9% 0.0%
Bankers' Bank $245,000 n/a 0.0%
CROSSCOUNTRY MORTGAGE, LLC $245,000 n/a 0.0%
LAND HOME FINANCIAL SERVICES, INC. $390,000 $245,000 -37.2% 0.0%
VALOR BANK $245,000 n/a 0.0%
AMERICAN PACIFIC MORTGAGE CORPORATION $240,000 n/a 0.0%
Reliabank Dakota $175,000 $240,000 37.1% 0.0%
First Guaranty Mortgage Corporation $375,000 $235,000 -37.3% 0.0%
Community First National Bank $115,000 $225,000 95.7% 0.0%
Strong Home Mortgage, LLC $225,000 n/a 0.0%
Capital Bank $215,000 n/a 0.0%
FirstBank $215,000 n/a 0.0%
Pinnacle Bank $215,000 n/a 0.0%
RESIDENTIAL BANCORP. $215,000 n/a 0.0%
UNION HOME MORTGAGE CORP. $85,000 $195,000 129.4% 0.0%
WINGS FINANCIAL $195,000 n/a 0.0%
Manufacturers and Traders Trust Company $190,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $190,000 n/a 0.0%
Colonial Savings, F.A. $185,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $295,000 $185,000 -37.3% 0.0%
The Bennington State Bank $185,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $795,000 $180,000 -77.4% 0.0%
Chicago Mortgage Solutions LLC $175,000 n/a 0.0%
Sauk Valley Bank & Trust Company $175,000 n/a 0.0%
SPRING EQ, LLC $175,000 $175,000 0.0% 0.0%
AMERICAN FINANCIAL NETWORK, INC. $310,000 $165,000 -46.8% 0.0%
BM Real Estate Services, Inc. $165,000 n/a 0.0%
Citizens State Bank $1,830,000 $165,000 -91.0% 0.0%
First Western Trust Bank $165,000 n/a 0.0%
GREATER IOWA CREDIT UNION $165,000 n/a 0.0%
HOMESERVICES LENDING, LLC $535,000 $165,000 -69.2% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $165,000 n/a 0.0%
MEMBERS1st Community Credit Union $450,000 $165,000 -63.3% 0.0%
Bank of England $470,000 $155,000 -67.0% 0.0%
SUN WEST MORTGAGE COMPANY, INC. $490,000 $155,000 -68.4% 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $320,000 $145,000 -54.7% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $145,000 n/a 0.0%
RESIDENTIAL MORTGAGE NETWORK, INC. $145,000 n/a 0.0%
V.I.P. MORTGAGE, INC. $145,000 n/a 0.0%
IMPAC MORTGAGE CORP. $135,000 n/a 0.0%
TOWNE MORTGAGE COMPANY $125,000 $135,000 8.0% 0.0%
Gateway First Bank $875,000 $125,000 -85.7% 0.0%
Great Southern Bank $125,000 n/a 0.0%
West Gate Bank $225,000 $125,000 -44.4% 0.0%
Centier Bank $120,000 n/a 0.0%
HOMEOWNERS FINANCIAL GROUP USA, LLC $120,000 n/a 0.0%
Truist Bank $340,000 $120,000 -64.7% 0.0%
First Merchants Bank $115,000 n/a 0.0%
Mount Vernon Bank and Trust Company $165,000 $115,000 -30.3% 0.0%
CANOPY MORTGAGE, LLC $105,000 n/a 0.0%
MMS MORTGAGE SERVICES, LTD. $105,000 n/a 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $95,000 n/a 0.0%
ALTRA $195,000 $85,000 -56.4% 0.0%
FIRST $290,000 $85,000 -70.7% 0.0%
MID AMERICA MORTGAGE, INC. $85,000 n/a 0.0%
MORTGAGE ACCESS CORP. $240,000 $85,000 -64.6% 0.0%
Figure Lending LLC $50,000 $80,000 60.0% 0.0%
CHERRY CREEK MORTGAGE, LLC $410,000 $75,000 -81.7% 0.0%
Heritage Bank $75,000 n/a 0.0%
NORTHWEST BANK OF ROCKFORD $75,000 n/a 0.0%
PARTNER COLORADO $75,000 n/a 0.0%
FLAT BRANCH MORTGAGE, INC. $135,000 $65,000 -51.9% 0.0%
PNC Bank $155,000 $65,000 -58.1% 0.0%
BLUELEAF LENDING, LLC $55,000 n/a 0.0%
Ixonia Bank $55,000 $55,000 0.0% 0.0%

WATERLOO - CEDAR FALLS's top lender by overall market share is VERIDIAN CREDIT UNION, with 23.1% market share. In second place, with 21.7%, is GREENSTATE CREDIT UNION, having originated $281,305,000 in loans. In third place, with 6.6%, is IOWA BANKERS MORTGAGE CORPORATION, having originated $85,110,000 in loans. In third place, with 6.1%, is Farmers State Bank, having originated $78,375,000 in loans. In third place, with 3.8%, is Collins Community Credit Union, having originated $49,615,000 in loans.


WATERLOO-CEDAR FALLS, IA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 3,553 $572,125,000 $161,026
Refi 2,668 $463,770,000 $173,827
Cash Out Refi 1,254 $200,840,000 $160,159
Home Improvement 518 $23,480,000 $45,328
Other 466 $33,230,000 $71,309

Waterloo - Cedar Falls's most frequently cited loan purpose was Home Purchase, with 3,553 originations. The 2nd most popular reason was Refi, with 2,668 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 2,723 $386,895,000 $142,084
2.5-3% 2,668 $500,280,000 $187,511
<2.5% 1,509 $263,885,000 $174,874
4-5% 677 $45,245,000 $66,832
5-6% 262 $12,970,000 $49,504
6-7% 84 $3,980,000 $47,381
7-8% 24 $980,000 $40,833
Over 8% 19 $1,015,000 $53,421

During 2021, Waterloo - Cedar Falls's most frequently originated rate bucket was 3-4%, with 2,723 originations.

Loan Sizing (WATERLOO-CEDAR FALLS, IA MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 3,318 $472,520,000 $142,411
$100,000 or less 3,261 $171,265,000 $52,519
$200k-400k 1,638 $442,320,000 $270,037
$400k-600k 167 $79,085,000 $473,563
$600k-1000k 42 $30,650,000 $729,762
$Over $1MM 33 $97,605,000 $2,957,727

WATERLOO - CEDAR FALLS's loan sizing saw the bucket of loans from $100k-200k with 3,318 originations, totaling $472,520,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,838 $546,870,000 $192,696
60-80% 2,383 $449,195,000 $188,500
Under 20% 1,067 $36,455,000 $34,166
40-60% 787 $107,965,000 $137,186
20-40% 780 $55,570,000 $71,244
Over 100% 31 $7,125,000 $229,839

WATERLOO - CEDAR FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,838 originations, totaling $546,870,000 in origination value.


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - WATERLOO - CEDAR FALLS (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 $134,900 (-0.1%) $176,134 (3.4%) 0.50 637
2018-02-01 $136,950 (-2.0%) $173,744 (0.8%) 0.49 612
2018-03-01 $139,900 (-3.3%) $175,285 (-2.0%) 0.48 580
2018-04-01 $144,700 (-2.2%) $181,071 (-0.2%) 0.49 565
2018-05-01 $139,950 (-3.4%) $180,976 (1.1%) 0.47 577
2018-06-01 $144,900 (-2.4%) $182,601 (1.6%) 0.48 628
2018-07-01 $146,000 (0.7%) $183,618 (1.7%) 0.49 657
2018-08-01 $141,700 (-2.9%) $183,563 (0.1%) 0.47 697
2018-09-01 $142,500 (-0.7%) $185,600 (2.9%) 0.48 673
2018-10-01 $144,700 (3.4%) $184,975 (2.2%) 0.48 670
2018-11-01 $144,900 (4.4%) $183,186 (2.3%) 0.49 657
2018-12-01 $139,900 (5.3%) $182,268 (5.1%) 0.48 606
2019-01-01 $142,250 (5.5%) $186,373 (5.8%) 0.49 540
2019-02-01 $144,950 (5.8%) $190,870 (9.9%) 0.49 505
2019-03-01 $152,371 (8.9%) $202,593 (15.6%) 0.50 493
2019-04-01 $155,921 (7.8%) $206,841 (14.2%) 0.49 508
2019-05-01 $159,900 (14.3%) $210,918 (16.5%) 0.49 535
2019-06-01 $169,500 (17.0%) $216,779 (18.7%) 0.52 587
2019-07-01 $169,400 (16.0%) $216,018 (17.7%) 0.53 567
2019-08-01 $166,657 (17.6%) $213,433 (16.3%) 0.52 574
2019-09-01 $166,657 (17.0%) $214,004 (15.3%) 0.53 593
2019-10-01 $162,225 (12.1%) $208,969 (13.0%) 0.52 623
2019-11-01 $164,900 (13.8%) $204,963 (11.9%) 0.53 616
2019-12-01 $159,753 (14.2%) $200,490 (10.0%) 0.53 585
2020-01-01 $159,900 (12.4%) $200,348 (7.5%) 0.53 532
2020-02-01 $162,500 (12.1%) $204,045 (6.9%) 0.52 487
2020-03-01 $155,000 (1.7%) $203,458 (0.4%) 0.48 485
2020-04-01 $159,000 (2.0%) $204,050 (-1.4%) 0.50 490
2020-05-01 $170,000 (6.3%) $213,990 (1.5%) 0.52 455
2020-06-01 $174,900 (3.2%) $222,663 (2.7%) 0.51 469
2020-07-01 $179,000 (5.7%) $228,786 (5.9%) 0.51 450
2020-08-01 $177,500 (6.5%) $229,183 (7.4%) 0.51 441
2020-09-01 $171,000 (2.6%) $222,492 (4.0%) 0.49 418
2020-10-01 $164,900 (1.7%) $215,394 (3.1%) 0.47 445
2020-11-01 $156,750 (-4.9%) $218,715 (6.7%) 0.45 433
2020-12-01 $152,200 (-4.7%) $225,498 (12.5%) 0.45 361
2021-01-01 $159,900 (0.0%) $231,422 (15.5%) 0.47 307
2021-02-01 $163,000 (0.3%) $228,142 (11.8%) 0.47 253
2021-03-01 $157,450 (1.6%) $223,928 (10.1%) 0.44 221
2021-04-01 $164,900 (3.7%) $232,360 (13.9%) 0.44 198
2021-05-01 $169,900 (-0.1%) $228,402 (6.7%) 0.45 187
2021-06-01 $161,325 (-7.8%) $219,191 (-1.6%) 0.42 212
2021-07-01 $160,200 (-10.5%) $217,034 (-5.1%) 0.42 254
2021-08-01 $158,950 (-10.5%) $215,443 (-6.0%) 0.42 300
2021-09-01 $154,700 (-9.5%) $214,332 (-3.7%) 0.41 297
2021-10-01 $149,900 (-9.1%) $212,697 (-1.3%) 0.39 280
2021-11-01 $149,450 (-4.7%) $203,057 (-7.2%) 0.39 252
2021-12-01 $149,000 (-2.1%) $195,703 (-13.2%) 0.40 221
2022-01-01 $159,500 (-0.3%) $206,905 (-10.6%) 0.43 185
2022-02-01 $180,000 (10.4%) $255,091 (11.8%) 0.46 141
2022-03-01 $244,450 (55.3%) $262,735 (17.3%) 0.60 126
2022-04-01 $234,900 (42.5%) $272,990 (17.5%) 0.55 124
2022-05-01 $229,950 (35.3%) $278,337 (21.9%) 0.51 146
WATERLOO - CEDAR FALLS's median listing price for 2022-05-01 was $229,950, a difference of $60,050 (35.3%) versus the prior year and $-4,950 versus the prior month.

WATERLOO - CEDAR FALLS's median listing price comes in at 51% of the national average.

WATERLOO - CEDAR FALLS's average listing price for 2022-05-01 was $278,337, a difference of $49,935 (21.9%) versus the prior year and $5,347 versus the prior month.

For the 2022-05-01 period, WATERLOO - CEDAR FALLS had 146 MLS listings, a difference of 22 listings (18%) versus the prior month and -41 listings (-22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - WATERLOO - CEDAR FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 81 days 1,569 sqft
2018-02-01 80 days 1,565 sqft
2018-03-01 63 days 1,565 sqft
2018-04-01 51 days 1,585 sqft
2018-05-01 46 days 1,594 sqft
2018-06-01 48 days 1,610 sqft
2018-07-01 53 days 1,594 sqft
2018-08-01 51 days 1,584 sqft
2018-09-01 58 days 1,600 sqft
2018-10-01 65 days 1,606 sqft
2018-11-01 68 days 1,608 sqft
2018-12-01 78 days 1,600 sqft
2019-01-01 83 days 1,611 sqft
2019-02-01 87 days 1,611 sqft
2019-03-01 82 days 1,626 sqft
2019-04-01 54 days 1,596 sqft
2019-05-01 48 days 1,536 sqft
2019-06-01 52 days 1,480 sqft
2019-07-01 59 days 1,480 sqft
2019-08-01 65 days 1,461 sqft
2019-09-01 63 days 1,450 sqft
2019-10-01 64 days 1,436 sqft
2019-11-01 65 days 1,430 sqft
2019-12-01 72 days 1,399 sqft
2020-01-01 83 days 1,415 sqft
2020-02-01 85 days 1,442 sqft
2020-03-01 59 days 1,428 sqft
2020-04-01 57 days 1,428 sqft
2020-05-01 67 days 1,485 sqft
2020-06-01 68 days 1,491 sqft
2020-07-01 57 days 1,472 sqft
2020-08-01 59 days 1,457 sqft
2020-09-01 67 days 1,446 sqft
2020-10-01 57 days 1,432 sqft
2020-11-01 53 days 1,403 sqft
2020-12-01 57 days 1,396 sqft
2021-01-01 70 days 1,395 sqft
2021-02-01 88 days 1,452 sqft
2021-03-01 63 days 1,430 sqft
2021-04-01 56 days 1,473 sqft
2021-05-01 38 days 1,497 sqft
2021-06-01 32 days 1,468 sqft
2021-07-01 31 days 1,434 sqft
2021-08-01 39 days 1,389 sqft
2021-09-01 49 days 1,426 sqft
2021-10-01 57 days 1,360 sqft
2021-11-01 52 days 1,342 sqft
2021-12-01 55 days 1,302 sqft
2022-01-01 67 days 1,340 sqft
2022-02-01 67 days 1,374 sqft
2022-03-01 51 days 1,442 sqft
2022-04-01 39 days 1,456 sqft
2022-05-01 24 days 1,454 sqft
WATERLOO - CEDAR FALLS's median listing age (time on market) for 2022-05-01 was 24 days. This is -38% shorter than the same period one year ago.

WATERLOO - CEDAR FALLS's median square footage for active listings during the 2022-05-01 period was 1,454 sqft. One year prior, the average listing was 1,497 sqft.