Top Mortgage Lenders in the Des Moines, IA area

Which mortgage lender in the Des Moines, IA area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Des Moines, IA area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Des Moines, IA area is Veridian Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.25%. This means that Veridian Credit Union provided a -0.25% lower interest rate for its customers than other lenders in Des Moines, IA for a similar set of borrowers. Veridian Credit Union has a market share of 6.0%. On the other hand, the most popular lender in the market is Iowa Bankers Mortgage Corporation, with a market share of 10.4%. Iowa Bankers Mortgage Corporation is an average rate lender in this area, with a “Rate Difference” of -0.13% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Des Moines, IA area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Des Moines, IA is Veridian Credit Union. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Bankers Trust Company. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Fidelity Bank. The cheapest VA mortgage provider is Veridian Credit Union. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.25% 5.97%
Luana Savings Bank 2, -0.19% 5.81%
DHI Mortgage Company Limited 3, -0.18% 0.49%
Collins Community Credit Union 4, -0.16% 2.04%
Community Choice Credit Union 5, -0.15% 1.69%
Iowa Bankers Mortgage Corporation 6, -0.13% 10.36%
Home Point Financial Corporation 7, -0.09% 0.42%
GreenState Credit Union 8, -0.08% 8.38%
Fidelity Bank 9, -0.05% 5.17%
Navy Federal Credit Union 10, -0.04% 0.19%
Midwestone Bank 11, -0.03% 0.27%
Premier Credit Union 12, -0.02% 0.49%
Bank Iowa 13, -0.01% 0.62%
Financial Plus Credit Union 14, -0.01% 0.37%
Gershman Investment Corp 15, -0.00% 3.07%
Northwest Bank 16, 0.00% 1.64%
Bank 2 17, 0.00% 0.82%
Great Southern Bank 18, 0.00% 0.22%
Movement Mortgage 19, 0.01% 0.31%
Land Home Financial Services Inc 20, 0.01% 2.95%
Central Bank 21, 0.01% 0.52%
Lincoln Savings Bank 22, 0.02% 4.52%
Deere Employees Credit Union 23, 0.02% 0.25%
Amerisave Mortgage Corporation 24, 0.02% 0.18%
Carrington Mortgage Services 25, 0.02% 0.37%
Caliber Home Loans Inc 26, 0.02% 0.29%
Suntrust Banks, Inc 27, 0.02% 0.38%
Greater Iowa Credit Union 28, 0.03% 0.68%
Bank of America 29, 0.03% 0.41%
CMG Mortgage Inc 30, 0.04% 0.56%
Flagstar Bank 31, 0.05% 1.02%
HomeServices Lending 32, 0.05% 6.02%
Pennymac Loan Services 33, 0.06% 0.20%
American Pacific Mortgage Corporation 34, 0.07% 0.43%
Bankers Trust Company 35, 0.08% 3.39%
Guild Mortgage Company 36, 0.09% 0.82%
Usaa Federal Savings Bank 37, 0.09% 0.46%
JPMorgan Chase Bank 38, 0.09% 0.22%
Panorama Mortgage Group 39, 0.10% 0.70%
New American Funding 40, 0.10% 0.37%
Great Western Bank 41, 0.11% 0.56%
Inlanta Mortgage 42, 0.11% 1.21%
Freedom Mortgage Corporation 43, 0.11% 0.77%
Us Bank 44, 0.11% 4.33%
Wells Fargo Bank 45, 0.12% 6.50%
Homeside Financial 46, 0.12% 0.99%
Barrington Bank & Trust 47, 0.13% 0.30%
Mid America Mortgage Inc 48, 0.14% 0.36%
The Federal Savings Bank 49, 0.14% 0.18%
Bank Of The West 50, 0.15% 0.56%
LoanDepot 51, 0.15% 0.70%
Finance of America Mortgage 52, 0.16% 0.60%
Waterstone Mortgage Corp 53, 0.16% 0.22%
Fairway Independent Mort Corp 54, 0.16% 2.03%
First Community Mortgage Inc 55, 0.17% 1.37%
Stearns Lending 56, 0.18% 0.76%
Nationstar Mortgage 57, 0.29% 0.52%
Quicken Loans 58, 0.32% 4.95%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.25% 6.01%
DHI Mortgage Company Limited 2, -0.19% 0.83%
Community Choice Credit Union 3, -0.16% 0.98%
Home Point Financial Corporation 4, -0.12% 0.59%
Collins Community Credit Union 5, -0.10% 1.99%
Fidelity Bank 6, -0.09% 6.38%
Luana Savings Bank 7, -0.07% 3.05%
Iowa Bankers Mortgage Corporation 8, -0.06% 8.63%
Navy Federal Credit Union 9, -0.06% 0.27%
GreenState Credit Union 10, -0.06% 7.19%
Bank of America 11, -0.05% 0.35%
Midwestone Bank 12, -0.03% 0.32%
Suntrust Banks, Inc 13, -0.03% 0.31%
Bank Iowa 14, -0.02% 0.56%
Great Southern Bank 15, -0.02% 0.20%
Pennymac Loan Services 16, -0.01% 0.07%
Central Bank 17, -0.01% 0.54%
Bank 2 18, -0.00% 0.93%
Gershman Investment Corp 19, -0.00% 3.62%
Movement Mortgage 20, 0.00% 0.47%
Premier Credit Union 21, 0.00% 0.17%
Great Western Bank 22, 0.01% 0.55%
Wells Fargo Bank 23, 0.01% 7.00%
Northwest Bank 24, 0.01% 1.42%
Greater Iowa Credit Union 25, 0.01% 0.57%
Us Bank 26, 0.01% 4.65%
Financial Plus Credit Union 27, 0.02% 0.20%
The Federal Savings Bank 28, 0.02% 0.01%
Lincoln Savings Bank 29, 0.02% 5.77%
LoanDepot 30, 0.02% 0.05%
Caliber Home Loans Inc 31, 0.02% 0.12%
Amerisave Mortgage Corporation 32, 0.02% 0.01%
Flagstar Bank 33, 0.03% 1.31%
CMG Mortgage Inc 34, 0.03% 0.82%
Deere Employees Credit Union 35, 0.04% 0.30%
Carrington Mortgage Services 36, 0.05% 0.02%
Land Home Financial Services Inc 37, 0.05% 3.73%
HomeServices Lending 38, 0.05% 8.61%
JPMorgan Chase Bank 39, 0.06% 0.23%
Nationstar Mortgage 40, 0.07% 0.10%
Freedom Mortgage Corporation 41, 0.07% 0.74%
Panorama Mortgage Group 42, 0.08% 0.80%
Bank Of The West 43, 0.08% 0.49%
Bankers Trust Company 44, 0.10% 4.24%
American Pacific Mortgage Corporation 45, 0.10% 0.47%
New American Funding 46, 0.11% 0.51%
Guild Mortgage Company 47, 0.11% 0.91%
Usaa Federal Savings Bank 48, 0.11% 0.54%
Inlanta Mortgage 49, 0.12% 1.62%
Homeside Financial 50, 0.13% 1.46%
Mid America Mortgage Inc 51, 0.14% 0.54%
First Community Mortgage Inc 52, 0.15% 1.46%
Barrington Bank & Trust 53, 0.16% 0.41%
Waterstone Mortgage Corp 54, 0.16% 0.31%
Fairway Independent Mort Corp 55, 0.18% 2.75%
Finance of America Mortgage 56, 0.19% 0.68%
Stearns Lending 57, 0.20% 1.06%
Quicken Loans 58, 0.21% 2.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.26% 5.93%
Collins Community Credit Union 2, -0.24% 2.11%
Luana Savings Bank 3, -0.24% 9.59%
Iowa Bankers Mortgage Corporation 4, -0.19% 12.73%
Community Choice Credit Union 5, -0.14% 2.67%
GreenState Credit Union 6, -0.10% 10.02%
Land Home Financial Services Inc 7, -0.09% 1.87%
Midwestone Bank 8, -0.04% 0.20%
Deere Employees Credit Union 9, -0.03% 0.20%
Premier Credit Union 10, -0.02% 0.93%
Financial Plus Credit Union 11, -0.01% 0.60%
Gershman Investment Corp 12, -0.01% 2.32%
Northwest Bank 13, 0.00% 1.95%
Bank Iowa 14, 0.00% 0.71%
Home Point Financial Corporation 15, 0.00% 0.20%
American Pacific Mortgage Corporation 16, 0.00% 0.38%
Lincoln Savings Bank 17, 0.01% 2.81%
Bank 2 18, 0.01% 0.67%
Bankers Trust Company 19, 0.01% 2.24%
Fidelity Bank 20, 0.02% 3.51%
DHI Mortgage Company Limited 21, 0.03% 0.01%
Amerisave Mortgage Corporation 22, 0.03% 0.42%
Carrington Mortgage Services 23, 0.03% 0.85%
Navy Federal Credit Union 24, 0.03% 0.09%
Great Southern Bank 25, 0.03% 0.24%
Caliber Home Loans Inc 26, 0.03% 0.51%
Barrington Bank & Trust 27, 0.03% 0.14%
HomeServices Lending 28, 0.04% 2.47%
CMG Mortgage Inc 29, 0.04% 0.20%
Movement Mortgage 30, 0.04% 0.10%
Guild Mortgage Company 31, 0.05% 0.69%
Central Bank 32, 0.05% 0.50%
Usaa Federal Savings Bank 33, 0.05% 0.35%
New American Funding 34, 0.05% 0.18%
Greater Iowa Credit Union 35, 0.05% 0.82%
Mid America Mortgage Inc 36, 0.06% 0.12%
Inlanta Mortgage 37, 0.06% 0.65%
Suntrust Banks, Inc 38, 0.07% 0.47%
Pennymac Loan Services 39, 0.08% 0.39%
Homeside Financial 40, 0.09% 0.35%
Fairway Independent Mort Corp 41, 0.10% 1.05%
Finance of America Mortgage 42, 0.10% 0.50%
Waterstone Mortgage Corp 43, 0.11% 0.08%
Stearns Lending 44, 0.11% 0.35%
Flagstar Bank 45, 0.12% 0.63%
Panorama Mortgage Group 46, 0.12% 0.55%
Bank of America 47, 0.12% 0.50%
JPMorgan Chase Bank 48, 0.14% 0.21%
The Federal Savings Bank 49, 0.15% 0.42%
LoanDepot 50, 0.16% 1.60%
Freedom Mortgage Corporation 51, 0.16% 0.81%
First Community Mortgage Inc 52, 0.20% 1.24%
Bank Of The West 53, 0.22% 0.65%
Great Western Bank 54, 0.24% 0.56%
Us Bank 55, 0.27% 3.88%
Wells Fargo Bank 56, 0.31% 5.81%
Nationstar Mortgage 57, 0.32% 1.09%
Quicken Loans 58, 0.36% 8.91%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.25% 6.80%
DHI Mortgage Company Limited 2, -0.21% 0.50%
Luana Savings Bank 3, -0.19% 7.16%
Collins Community Credit Union 4, -0.16% 2.44%
Community Choice Credit Union 5, -0.15% 2.08%
Iowa Bankers Mortgage Corporation 6, -0.13% 12.52%
GreenState Credit Union 7, -0.07% 9.87%
Land Home Financial Services Inc 8, -0.05% 2.12%
Midwestone Bank 9, -0.03% 0.33%
Premier Credit Union 10, -0.01% 0.61%
Bank Iowa 11, -0.01% 0.77%
Financial Plus Credit Union 12, -0.00% 0.46%
Carrington Mortgage Services 13, 0.00% 0.15%
Fidelity Bank 14, 0.01% 4.31%
Northwest Bank 15, 0.01% 1.90%
Great Southern Bank 16, 0.01% 0.23%
Central Bank 17, 0.02% 0.65%
Deere Employees Credit Union 18, 0.02% 0.31%
Amerisave Mortgage Corporation 19, 0.02% 0.15%
The Federal Savings Bank 20, 0.03% 0.02%
Suntrust Banks, Inc 21, 0.03% 0.45%
Home Point Financial Corporation 22, 0.03% 0.01%
Gershman Investment Corp 23, 0.03% 2.30%
Lincoln Savings Bank 24, 0.03% 3.97%
Greater Iowa Credit Union 25, 0.03% 0.83%
Bank of America 26, 0.04% 0.45%
HomeServices Lending 27, 0.04% 5.69%
Caliber Home Loans Inc 28, 0.04% 0.12%
Navy Federal Credit Union 29, 0.06% 0.04%
Movement Mortgage 30, 0.08% 0.18%
American Pacific Mortgage Corporation 31, 0.08% 0.33%
Bank 2 32, 0.09% 0.16%
CMG Mortgage Inc 33, 0.09% 0.37%
Bankers Trust Company 34, 0.10% 3.71%
JPMorgan Chase Bank 35, 0.10% 0.27%
New American Funding 36, 0.11% 0.20%
Great Western Bank 37, 0.12% 0.63%
Usaa Federal Savings Bank 38, 0.12% 0.16%
Inlanta Mortgage 39, 0.13% 0.96%
Us Bank 40, 0.13% 4.75%
Wells Fargo Bank 41, 0.13% 7.62%
Flagstar Bank 42, 0.13% 0.78%
Guild Mortgage Company 43, 0.14% 0.48%
Pennymac Loan Services 44, 0.14% 0.09%
Panorama Mortgage Group 45, 0.14% 0.46%
Homeside Financial 46, 0.15% 0.86%
Finance of America Mortgage 47, 0.15% 0.46%
Fairway Independent Mort Corp 48, 0.17% 1.73%
Barrington Bank & Trust 49, 0.17% 0.27%
Waterstone Mortgage Corp 50, 0.17% 0.12%
Mid America Mortgage Inc 51, 0.18% 0.20%
Bank Of The West 52, 0.18% 0.56%
First Community Mortgage Inc 53, 0.19% 1.50%
Stearns Lending 54, 0.19% 0.71%
Freedom Mortgage Corporation 55, 0.20% 0.44%
LoanDepot 56, 0.21% 0.50%
Quicken Loans 57, 0.44% 3.99%
Nationstar Mortgage 58, 0.48% 0.32%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.25% 7.16%
DHI Mortgage Company Limited 2, -0.22% 0.89%
Community Choice Credit Union 3, -0.16% 1.27%
Collins Community Credit Union 4, -0.10% 2.45%
Luana Savings Bank 5, -0.07% 3.94%
Bank of America 6, -0.06% 0.38%
Iowa Bankers Mortgage Corporation 7, -0.06% 10.76%
GreenState Credit Union 8, -0.05% 8.78%
Land Home Financial Services Inc 9, -0.03% 2.82%
Suntrust Banks, Inc 10, -0.03% 0.37%
Midwestone Bank 11, -0.03% 0.42%
Bank Iowa 12, -0.02% 0.73%
Great Southern Bank 13, -0.02% 0.21%
Fidelity Bank 14, -0.02% 4.96%
Central Bank 15, -0.00% 0.70%
Premier Credit Union 16, 0.01% 0.22%
Wells Fargo Bank 17, 0.01% 8.43%
LoanDepot 18, 0.01% 0.02%
Northwest Bank 19, 0.01% 1.67%
Great Western Bank 20, 0.01% 0.63%
Greater Iowa Credit Union 21, 0.01% 0.73%
Pennymac Loan Services 22, 0.01% 0.01%
Us Bank 23, 0.02% 5.32%
Financial Plus Credit Union 24, 0.02% 0.26%
The Federal Savings Bank 25, 0.02% 0.01%
Home Point Financial Corporation 26, 0.03% 0.01%
Amerisave Mortgage Corporation 27, 0.03% 0.01%
Lincoln Savings Bank 28, 0.04% 5.03%
Deere Employees Credit Union 29, 0.04% 0.38%
HomeServices Lending 30, 0.04% 8.32%
Caliber Home Loans Inc 31, 0.04% 0.02%
Gershman Investment Corp 32, 0.05% 2.63%
Navy Federal Credit Union 33, 0.06% 0.04%
Nationstar Mortgage 34, 0.06% 0.04%
JPMorgan Chase Bank 35, 0.07% 0.28%
Bank 2 36, 0.07% 0.18%
Movement Mortgage 37, 0.07% 0.27%
CMG Mortgage Inc 38, 0.09% 0.53%
American Pacific Mortgage Corporation 39, 0.11% 0.41%
Bank Of The West 40, 0.11% 0.49%
New American Funding 41, 0.11% 0.31%
Flagstar Bank 42, 0.12% 0.96%
Bankers Trust Company 43, 0.12% 4.87%
Panorama Mortgage Group 44, 0.13% 0.47%
Inlanta Mortgage 45, 0.13% 1.33%
Usaa Federal Savings Bank 46, 0.14% 0.21%
Homeside Financial 47, 0.16% 1.28%
Guild Mortgage Company 48, 0.16% 0.57%
First Community Mortgage Inc 49, 0.18% 1.60%
Finance of America Mortgage 50, 0.18% 0.46%
Freedom Mortgage Corporation 51, 0.19% 0.44%
Waterstone Mortgage Corp 52, 0.19% 0.16%
Mid America Mortgage Inc 53, 0.19% 0.30%
Fairway Independent Mort Corp 54, 0.19% 2.33%
Stearns Lending 55, 0.21% 0.98%
Barrington Bank & Trust 56, 0.21% 0.36%
Quicken Loans 57, 0.26% 1.59%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.26% 6.36%
Collins Community Credit Union 2, -0.24% 2.42%
Luana Savings Bank 3, -0.23% 11.14%
Iowa Bankers Mortgage Corporation 4, -0.19% 14.70%
Land Home Financial Services Inc 5, -0.14% 1.26%
Community Choice Credit Union 6, -0.13% 3.09%
GreenState Credit Union 7, -0.09% 11.22%
Midwestone Bank 8, -0.03% 0.23%
Deere Employees Credit Union 9, -0.02% 0.23%
Premier Credit Union 10, -0.01% 1.08%
Financial Plus Credit Union 11, -0.01% 0.70%
Gershman Investment Corp 12, -0.00% 1.89%
Northwest Bank 13, 0.00% 2.17%
Bank Iowa 14, 0.01% 0.82%
Carrington Mortgage Services 15, 0.01% 0.33%
Lincoln Savings Bank 16, 0.02% 2.66%
Bankers Trust Company 17, 0.02% 2.28%
Amerisave Mortgage Corporation 18, 0.03% 0.32%
American Pacific Mortgage Corporation 19, 0.03% 0.24%
DHI Mortgage Company Limited 20, 0.03% 0.02%
The Federal Savings Bank 21, 0.03% 0.03%
Great Southern Bank 22, 0.03% 0.26%
Fidelity Bank 23, 0.04% 3.51%
Barrington Bank & Trust 24, 0.04% 0.15%
HomeServices Lending 25, 0.05% 2.43%
CMG Mortgage Inc 26, 0.05% 0.17%
Central Bank 27, 0.05% 0.58%
Caliber Home Loans Inc 28, 0.05% 0.23%
Greater Iowa Credit Union 29, 0.06% 0.96%
Navy Federal Credit Union 30, 0.06% 0.05%
Movement Mortgage 31, 0.06% 0.06%
Usaa Federal Savings Bank 32, 0.06% 0.09%
New American Funding 33, 0.06% 0.08%
Suntrust Banks, Inc 34, 0.08% 0.55%
Inlanta Mortgage 35, 0.09% 0.50%
Guild Mortgage Company 36, 0.09% 0.36%
Mid America Mortgage Inc 37, 0.09% 0.08%
Fairway Independent Mort Corp 38, 0.10% 0.99%
Bank 2 39, 0.10% 0.14%
Homeside Financial 40, 0.11% 0.33%
Finance of America Mortgage 41, 0.12% 0.46%
Stearns Lending 42, 0.12% 0.36%
Waterstone Mortgage Corp 43, 0.13% 0.08%
Bank of America 44, 0.13% 0.53%
JPMorgan Chase Bank 45, 0.15% 0.24%
Panorama Mortgage Group 46, 0.15% 0.44%
Flagstar Bank 47, 0.16% 0.55%
Pennymac Loan Services 48, 0.16% 0.18%
First Community Mortgage Inc 49, 0.22% 1.37%
LoanDepot 50, 0.23% 1.09%
Freedom Mortgage Corporation 51, 0.23% 0.43%
Bank Of The West 52, 0.25% 0.65%
Great Western Bank 53, 0.26% 0.62%
Us Bank 54, 0.31% 4.06%
Wells Fargo Bank 55, 0.32% 6.61%
Quicken Loans 56, 0.49% 6.95%
Nationstar Mortgage 57, 0.52% 0.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fidelity Bank 1, -0.20% 12.46%
Bankers Trust Company 2, -0.16% 1.05%
Flagstar Bank 3, -0.11% 2.19%
Home Point Financial Corporation 4, -0.11% 1.67%
Gershman Investment Corp 5, -0.10% 6.14%
Movement Mortgage 6, -0.05% 1.43%
Great Western Bank 7, -0.05% 0.19%
Lincoln Savings Bank 8, -0.05% 7.61%
CMG Mortgage Inc 9, -0.04% 1.90%
Bank 2 10, -0.04% 4.47%
Us Bank 11, -0.03% 1.24%
Iowa Bankers Mortgage Corporation 12, -0.03% 0.52%
Northwest Bank 13, -0.03% 0.57%
Bank Of The West 14, -0.03% 0.48%
Pennymac Loan Services 15, -0.01% 0.57%
DHI Mortgage Company Limited 16, -0.01% 0.52%
Bank of America 17, -0.01% 0.14%
Great Southern Bank 18, -0.00% 0.14%
First Community Mortgage Inc 19, -0.00% 1.19%
Freedom Mortgage Corporation 20, -0.00% 2.47%
Barrington Bank & Trust 21, 0.00% 0.33%
Navy Federal Credit Union 22, 0.01% 0.05%
JPMorgan Chase Bank 23, 0.01% 0.05%
Carrington Mortgage Services 24, 0.01% 1.57%
Wells Fargo Bank 25, 0.01% 0.19%
Caliber Home Loans Inc 26, 0.02% 0.76%
Amerisave Mortgage Corporation 27, 0.02% 0.29%
Guild Mortgage Company 28, 0.03% 2.90%
Panorama Mortgage Group 29, 0.04% 2.52%
Homeside Financial 30, 0.04% 1.90%
Quicken Loans 31, 0.05% 10.51%
American Pacific Mortgage Corporation 32, 0.07% 0.90%
HomeServices Lending 33, 0.07% 6.95%
New American Funding 34, 0.08% 1.33%
Nationstar Mortgage 35, 0.08% 2.05%
LoanDepot 36, 0.09% 0.95%
Inlanta Mortgage 37, 0.10% 2.00%
Mid America Mortgage Inc 38, 0.12% 1.43%
Land Home Financial Services Inc 39, 0.13% 8.23%
Waterstone Mortgage Corp 40, 0.14% 0.71%
Fairway Independent Mort Corp 41, 0.15% 4.71%
Finance of America Mortgage 42, 0.19% 1.67%
Stearns Lending 43, 0.19% 1.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fidelity Bank 1, -0.22% 14.60%
Bankers Trust Company 2, -0.16% 1.33%
Home Point Financial Corporation 3, -0.13% 1.83%
Flagstar Bank 4, -0.12% 2.65%
Gershman Investment Corp 5, -0.11% 7.27%
Movement Mortgage 6, -0.06% 1.71%
Northwest Bank 7, -0.05% 0.57%
Great Western Bank 8, -0.05% 0.25%
Lincoln Savings Bank 9, -0.05% 9.17%
Us Bank 10, -0.04% 1.26%
Bank Of The West 11, -0.04% 0.44%
CMG Mortgage Inc 12, -0.04% 2.47%
Iowa Bankers Mortgage Corporation 13, -0.04% 0.57%
Freedom Mortgage Corporation 14, -0.04% 2.09%
Pennymac Loan Services 15, -0.03% 0.25%
Bank 2 16, -0.03% 4.42%
DHI Mortgage Company Limited 17, -0.01% 0.70%
Bank of America 18, -0.01% 0.19%
Great Southern Bank 19, -0.00% 0.19%
First Community Mortgage Inc 20, -0.00% 1.26%
Barrington Bank & Trust 21, 0.00% 0.44%
Navy Federal Credit Union 22, 0.01% 0.06%
JPMorgan Chase Bank 23, 0.01% 0.06%
Wells Fargo Bank 24, 0.01% 0.25%
Caliber Home Loans Inc 25, 0.01% 0.13%
LoanDepot 26, 0.02% 0.19%
Panorama Mortgage Group 27, 0.03% 2.65%
Homeside Financial 28, 0.05% 2.34%
Guild Mortgage Company 29, 0.06% 2.40%
Nationstar Mortgage 30, 0.07% 0.51%
HomeServices Lending 31, 0.08% 8.91%
New American Funding 32, 0.10% 1.39%
Inlanta Mortgage 33, 0.11% 2.40%
American Pacific Mortgage Corporation 34, 0.11% 0.88%
Mid America Mortgage Inc 35, 0.12% 1.83%
Waterstone Mortgage Corp 36, 0.15% 0.88%
Quicken Loans 37, 0.16% 4.61%
Fairway Independent Mort Corp 38, 0.16% 5.56%
Stearns Lending 39, 0.19% 1.39%
Land Home Financial Services Inc 40, 0.20% 7.96%
Finance of America Mortgage 41, 0.22% 1.90%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Fidelity Bank 1, -0.07% 5.96%
Bank 2 2, -0.06% 4.62%
Land Home Financial Services Inc 3, -0.05% 9.04%
Lincoln Savings Bank 4, -0.05% 2.88%
American Pacific Mortgage Corporation 5, -0.04% 0.96%
Home Point Financial Corporation 6, -0.02% 1.15%
Guild Mortgage Company 7, -0.02% 4.42%
Bankers Trust Company 8, -0.02% 0.19%
First Community Mortgage Inc 9, -0.01% 0.96%
Pennymac Loan Services 10, -0.01% 1.54%
Quicken Loans 11, -0.01% 28.46%
Inlanta Mortgage 12, -0.01% 0.77%
Homeside Financial 13, -0.01% 0.58%
Us Bank 14, -0.01% 1.15%
Iowa Bankers Mortgage Corporation 15, -0.00% 0.38%
HomeServices Lending 16, 0.00% 0.96%
Mid America Mortgage Inc 17, 0.01% 0.19%
Carrington Mortgage Services 18, 0.01% 6.35%
CMG Mortgage Inc 19, 0.01% 0.19%
Bank Of The West 20, 0.01% 0.58%
Movement Mortgage 21, 0.01% 0.58%
Flagstar Bank 22, 0.01% 0.77%
Gershman Investment Corp 23, 0.02% 2.69%
Caliber Home Loans Inc 24, 0.02% 2.69%
New American Funding 25, 0.02% 1.15%
Amerisave Mortgage Corporation 26, 0.02% 1.15%
Northwest Bank 27, 0.03% 0.58%
Waterstone Mortgage Corp 28, 0.03% 0.19%
Finance of America Mortgage 29, 0.05% 0.96%
Panorama Mortgage Group 30, 0.06% 2.12%
Freedom Mortgage Corporation 31, 0.06% 3.65%
Nationstar Mortgage 32, 0.08% 6.73%
Fairway Independent Mort Corp 33, 0.09% 2.12%
LoanDepot 34, 0.10% 3.27%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bankers Trust Company 1, -0.03% 33.81%
Us Bank 2, -0.00% 20.86%
GreenState Credit Union 3, 0.02% 9.35%
Bank Of The West 4, 0.02% 2.16%
Suntrust Banks, Inc 5, 0.02% 1.44%
Wells Fargo Bank 6, 0.02% 15.11%
HomeServices Lending 7, 0.02% 3.60%
Fidelity Bank 8, 0.02% 0.72%
Quicken Loans 9, 0.03% 0.72%
Community Choice Credit Union 10, 0.03% 0.72%
Greater Iowa Credit Union 11, 0.03% 0.72%
Bank of America 12, 0.03% 3.60%
American Pacific Mortgage Corporation 13, 0.03% 0.72%
LoanDepot 14, 0.04% 0.72%
Gershman Investment Corp 15, 0.04% 0.72%
Northwest Bank 16, 0.05% 2.88%
Stearns Lending 17, 0.05% 0.72%
Caliber Home Loans Inc 18, 0.09% 1.44%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.05% 16.67%
Bankers Trust Company 2, -0.02% 37.50%
Bank of America 3, 0.01% 2.78%
Bank Of The West 4, 0.02% 2.78%
Suntrust Banks, Inc 5, 0.03% 2.78%
Wells Fargo Bank 6, 0.03% 19.44%
Fidelity Bank 7, 0.03% 1.39%
Greater Iowa Credit Union 8, 0.04% 1.39%
HomeServices Lending 9, 0.04% 1.39%
GreenState Credit Union 10, 0.05% 5.56%
Stearns Lending 11, 0.06% 1.39%
Northwest Bank 12, 0.07% 4.17%
Caliber Home Loans Inc 13, 0.10% 2.78%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Bankers Trust Company 1, -0.04% 29.85%
GreenState Credit Union 2, -0.00% 13.43%
HomeServices Lending 3, 0.01% 5.97%
Wells Fargo Bank 4, 0.01% 10.45%
Quicken Loans 5, 0.02% 1.49%
Community Choice Credit Union 6, 0.02% 1.49%
Bank Of The West 7, 0.02% 1.49%
American Pacific Mortgage Corporation 8, 0.02% 1.49%
Northwest Bank 9, 0.03% 1.49%
Us Bank 10, 0.03% 25.37%
LoanDepot 11, 0.03% 1.49%
Gershman Investment Corp 12, 0.04% 1.49%
Bank of America 13, 0.05% 4.48%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.26% 6.99%
GreenState Credit Union 2, -0.13% 4.72%
Home Point Financial Corporation 3, -0.11% 3.45%
Navy Federal Credit Union 4, -0.09% 2.36%
Iowa Bankers Mortgage Corporation 5, -0.08% 2.19%
Collins Community Credit Union 6, -0.05% 1.01%
Fidelity Bank 7, -0.05% 3.37%
American Pacific Mortgage Corporation 8, -0.04% 0.76%
DHI Mortgage Company Limited 9, -0.04% 0.34%
Flagstar Bank 10, -0.04% 2.11%
Caliber Home Loans Inc 11, -0.03% 1.43%
Gershman Investment Corp 12, -0.02% 7.41%
Great Western Bank 13, -0.02% 0.42%
Northwest Bank 14, -0.01% 0.25%
Mid America Mortgage Inc 15, -0.01% 0.59%
Great Southern Bank 16, -0.01% 0.17%
Lincoln Savings Bank 17, -0.00% 6.40%
Movement Mortgage 18, -0.00% 0.08%
CMG Mortgage Inc 19, -0.00% 0.59%
Amerisave Mortgage Corporation 20, 0.00% 0.42%
Finance of America Mortgage 21, 0.00% 0.59%
Pennymac Loan Services 22, 0.00% 1.01%
Land Home Financial Services Inc 23, 0.00% 4.13%
Bank 2 24, 0.01% 2.53%
Panorama Mortgage Group 25, 0.02% 0.51%
Bank Of The West 26, 0.02% 0.42%
Wells Fargo Bank 27, 0.02% 2.78%
LoanDepot 28, 0.02% 2.70%
Us Bank 29, 0.03% 2.61%
Bank of America 30, 0.03% 0.08%
Guild Mortgage Company 31, 0.04% 1.43%
Fairway Independent Mort Corp 32, 0.04% 1.26%
Barrington Bank & Trust 33, 0.04% 0.67%
First Community Mortgage Inc 34, 0.04% 0.25%
Carrington Mortgage Services 35, 0.05% 1.01%
Inlanta Mortgage 36, 0.05% 3.12%
Stearns Lending 37, 0.05% 0.93%
New American Funding 38, 0.06% 0.76%
Nationstar Mortgage 39, 0.06% 0.34%
Usaa Federal Savings Bank 40, 0.06% 5.14%
Freedom Mortgage Corporation 41, 0.07% 2.02%
Homeside Financial 42, 0.08% 1.18%
HomeServices Lending 43, 0.09% 8.85%
Waterstone Mortgage Corp 44, 0.12% 0.51%
The Federal Savings Bank 45, 0.13% 2.53%
Quicken Loans 46, 0.17% 7.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.24% 6.80%
Home Point Financial Corporation 2, -0.13% 4.53%
GreenState Credit Union 3, -0.12% 5.24%
Navy Federal Credit Union 4, -0.09% 3.40%
Iowa Bankers Mortgage Corporation 5, -0.09% 3.12%
Collins Community Credit Union 6, -0.05% 1.42%
Fidelity Bank 7, -0.05% 4.82%
DHI Mortgage Company Limited 8, -0.03% 0.57%
Flagstar Bank 9, -0.03% 2.41%
Caliber Home Loans Inc 10, -0.01% 0.99%
Great Western Bank 11, -0.01% 0.42%
Freedom Mortgage Corporation 12, -0.01% 1.27%
Mid America Mortgage Inc 13, -0.01% 0.57%
Pennymac Loan Services 14, -0.00% 0.28%
CMG Mortgage Inc 15, -0.00% 0.57%
Great Southern Bank 16, 0.00% 0.14%
American Pacific Mortgage Corporation 17, 0.01% 0.28%
Northwest Bank 18, 0.01% 0.14%
Bank 2 19, 0.01% 1.70%
Gershman Investment Corp 20, 0.01% 7.08%
Finance of America Mortgage 21, 0.01% 0.57%
Bank Of The West 22, 0.02% 0.28%
Lincoln Savings Bank 23, 0.02% 7.22%
Panorama Mortgage Group 24, 0.02% 0.57%
Wells Fargo Bank 25, 0.03% 4.39%
Land Home Financial Services Inc 26, 0.03% 5.10%
Carrington Mortgage Services 27, 0.03% 0.28%
Bank of America 28, 0.03% 0.14%
First Community Mortgage Inc 29, 0.05% 0.42%
Fairway Independent Mort Corp 30, 0.05% 1.56%
Us Bank 31, 0.05% 3.40%
Barrington Bank & Trust 32, 0.05% 0.99%
Guild Mortgage Company 33, 0.05% 1.56%
Stearns Lending 34, 0.06% 1.13%
Quicken Loans 35, 0.07% 2.12%
New American Funding 36, 0.08% 0.85%
Inlanta Mortgage 37, 0.08% 3.40%
Usaa Federal Savings Bank 38, 0.09% 5.67%
Homeside Financial 39, 0.09% 1.70%
Waterstone Mortgage Corp 40, 0.12% 0.85%
HomeServices Lending 41, 0.13% 12.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.29% 7.28%
GreenState Credit Union 2, -0.15% 3.95%
Gershman Investment Corp 3, -0.07% 7.90%
American Pacific Mortgage Corporation 4, -0.06% 1.46%
HomeServices Lending 5, -0.05% 4.16%
Lincoln Savings Bank 6, -0.05% 5.20%
Land Home Financial Services Inc 7, -0.05% 2.70%
Flagstar Bank 8, -0.05% 1.66%
Caliber Home Loans Inc 9, -0.04% 2.08%
Great Western Bank 10, -0.04% 0.42%
Collins Community Credit Union 11, -0.03% 0.42%
Us Bank 12, -0.03% 1.46%
Home Point Financial Corporation 13, -0.03% 1.87%
Northwest Bank 14, -0.02% 0.42%
Navy Federal Credit Union 15, -0.02% 0.83%
Great Southern Bank 16, -0.02% 0.21%
Inlanta Mortgage 17, -0.02% 2.70%
Iowa Bankers Mortgage Corporation 18, -0.02% 0.83%
Mid America Mortgage Inc 19, -0.02% 0.62%
Finance of America Mortgage 20, -0.01% 0.62%
Movement Mortgage 21, -0.01% 0.21%
Barrington Bank & Trust 22, -0.00% 0.21%
Amerisave Mortgage Corporation 23, -0.00% 1.04%
Fidelity Bank 24, -0.00% 1.25%
Pennymac Loan Services 25, -0.00% 2.08%
CMG Mortgage Inc 26, -0.00% 0.62%
Panorama Mortgage Group 27, 0.00% 0.42%
Homeside Financial 28, 0.00% 0.42%
Bank 2 29, 0.00% 3.74%
Usaa Federal Savings Bank 30, 0.01% 4.37%
Guild Mortgage Company 31, 0.01% 1.25%
New American Funding 32, 0.02% 0.62%
LoanDepot 33, 0.02% 6.65%
Wells Fargo Bank 34, 0.02% 0.42%
Bank Of The West 35, 0.02% 0.62%
Fairway Independent Mort Corp 36, 0.02% 0.83%
Stearns Lending 37, 0.03% 0.62%
Carrington Mortgage Services 38, 0.04% 2.08%
Nationstar Mortgage 39, 0.05% 0.83%
Freedom Mortgage Corporation 40, 0.12% 3.12%
The Federal Savings Bank 41, 0.12% 6.24%
Quicken Loans 42, 0.19% 15.59%

* Data is compiled for the Des Moines, IA commuting zone area, which comprises of counties of Adair County, IA, Boone County, IA, Dallas County, IA, Guthrie County, IA, Madison County, IA, Polk County, IA, Story County, IA, and Warren County, IA. This includes cities/towns/communities of Des Moines, IA as well as Polk City, IA, Johnston, IA, Waukee, IA, Ankeny, IA, Altoona, IA, West Des Moines, IA, Ames, IA, West Des Moines, IA, Urbandale, IA, Norwalk, IA, Clive, IA, Boone, IA, Adel, IA, Indianola, IA, Urbandale, IA, Pleasant Hill, IA, Elkhart, IA, Carlisle, IA, Cambridge, IA, Perry, IA, Clive, IA, St. Charles, IA, Spring Hill, IA, Winterset, IA, Nevada, IA, Carlisle, IA, Milo, IA, Bagley, IA, Story City, IA, Ackworth, IA, Bevington, IA, Stuart, IA, Maxwell, IA, Redfield, IA, Beaver, IA, Fraser, IA, Linden, IA, Hartford, IA, Zearing, IA, Fontanelle, IA, Berkley, IA, Adair, IA, Bayard, IA, and Orient, IA. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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