Top Mortgage Lenders in the Cedar Rapids, IA area

Which mortgage lender in the Cedar Rapids, 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 Cedar Rapids, 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 Cedar Rapids, IA area is Hills Bank and Trust Company, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.11%. This means that Hills Bank and Trust Company provided a -0.11% lower interest rate for its customers than other lenders in Cedar Rapids, IA for a similar set of borrowers. Hills Bank and Trust Company has a market share of 15.2%. On the other hand, the most popular lender in the market is GreenState Credit Union, with a market share of 32.3%. GreenState Credit Union is an average rate lender in this area, with a “Rate Difference” of -0.02% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Cedar Rapids, 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 Cedar Rapids, IA is Hills Bank and Trust Company. 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 Us Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Residential Mortgage Network, Inc. The cheapest VA mortgage provider is GreenState 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
Hills Bank and Trust Company 1, -0.11% 15.19%
Veridian Credit Union 2, -0.10% 3.94%
Collins Community Credit Union 3, -0.07% 11.67%
Midwestone Bank 4, -0.06% 1.75%
BankIowa of Cedar Rapids 5, -0.03% 1.29%
Ruhl Mortgage 6, -0.02% 1.37%
Dupaco Community Credit Union 7, -0.02% 1.83%
Ascentra Credit Union 8, -0.02% 0.51%
GreenState Credit Union 9, -0.02% 32.27%
Residential Mortgage Network, Inc 10, -0.01% 3.00%
Home Point Financial Corporation 11, -0.01% 0.58%
Iowa Bankers Mortgage Corporation 12, -0.00% 5.33%
Universal Lending Corporation 13, -0.00% 0.54%
Carrington Mortgage Services 14, 0.04% 0.42%
HomeServices Lending 15, 0.05% 0.37%
Fidelity Bank & Trust 16, 0.05% 0.39%
Academy Mortgage Corporation 17, 0.07% 0.59%
Guild Mortgage Company 18, 0.08% 0.77%
Citizens Bank 19, 0.08% 1.11%
Mid America Mortgage Inc 20, 0.08% 0.38%
Bankers Trust Company 21, 0.09% 0.52%
LoanDepot 22, 0.11% 0.51%
Usaa Federal Savings Bank 23, 0.12% 0.46%
Waterstone Mortgage Corp 24, 0.13% 0.81%
Open Mortgage 25, 0.14% 0.38%
New American Funding 26, 0.15% 0.72%
Nationstar Mortgage 27, 0.18% 0.47%
CBI Bank & Trust 28, 0.18% 2.13%
Us Bank 29, 0.21% 3.26%
Cardinal Financial Company LP 30, 0.21% 1.08%
Quicken Loans 31, 0.24% 3.81%
Wells Fargo Bank 32, 0.29% 2.54%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Hills Bank and Trust Company 1, -0.12% 15.64%
Veridian Credit Union 2, -0.10% 5.16%
Collins Community Credit Union 3, -0.04% 10.28%
Dupaco Community Credit Union 4, -0.03% 2.14%
Ruhl Mortgage 5, -0.03% 2.29%
BankIowa of Cedar Rapids 6, -0.02% 1.34%
GreenState Credit Union 7, -0.01% 29.78%
Home Point Financial Corporation 8, -0.01% 0.78%
Ascentra Credit Union 9, -0.01% 0.43%
Universal Lending Corporation 10, -0.01% 0.63%
Residential Mortgage Network, Inc 11, -0.01% 4.02%
Midwestone Bank 12, 0.02% 1.23%
HomeServices Lending 13, 0.05% 0.69%
Fidelity Bank & Trust 14, 0.06% 0.28%
Carrington Mortgage Services 15, 0.06% 0.02%
LoanDepot 16, 0.06% 0.11%
Iowa Bankers Mortgage Corporation 17, 0.06% 5.01%
Academy Mortgage Corporation 18, 0.07% 0.99%
Bankers Trust Company 19, 0.08% 0.37%
Guild Mortgage Company 20, 0.09% 1.08%
Mid America Mortgage Inc 21, 0.09% 0.65%
Citizens Bank 22, 0.11% 1.23%
Quicken Loans 23, 0.12% 2.07%
Wells Fargo Bank 24, 0.12% 2.33%
Usaa Federal Savings Bank 25, 0.13% 0.76%
Waterstone Mortgage Corp 26, 0.14% 1.30%
Nationstar Mortgage 27, 0.14% 0.19%
Us Bank 28, 0.15% 3.63%
Open Mortgage 29, 0.15% 0.65%
New American Funding 30, 0.16% 1.19%
CBI Bank & Trust 31, 0.22% 1.99%
Cardinal Financial Company LP 32, 0.23% 1.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Hills Bank and Trust Company 1, -0.11% 14.68%
Veridian Credit Union 2, -0.11% 2.55%
Midwestone Bank 3, -0.11% 2.35%
Collins Community Credit Union 4, -0.10% 13.27%
Iowa Bankers Mortgage Corporation 5, -0.07% 5.69%
BankIowa of Cedar Rapids 6, -0.05% 1.24%
Ascentra Credit Union 7, -0.03% 0.59%
Residential Mortgage Network, Inc 8, -0.02% 1.83%
GreenState Credit Union 9, -0.02% 35.12%
Dupaco Community Credit Union 10, -0.01% 1.49%
Home Point Financial Corporation 11, -0.00% 0.35%
Ruhl Mortgage 12, -0.00% 0.32%
Universal Lending Corporation 13, 0.01% 0.45%
Citizens Bank 14, 0.03% 0.97%
Usaa Federal Savings Bank 15, 0.04% 0.12%
Mid America Mortgage Inc 16, 0.05% 0.07%
Carrington Mortgage Services 17, 0.05% 0.87%
Open Mortgage 18, 0.05% 0.07%
Guild Mortgage Company 19, 0.05% 0.42%
Fidelity Bank & Trust 20, 0.05% 0.52%
Cardinal Financial Company LP 21, 0.06% 0.32%
Academy Mortgage Corporation 22, 0.06% 0.12%
New American Funding 23, 0.07% 0.17%
Waterstone Mortgage Corp 24, 0.08% 0.25%
Bankers Trust Company 25, 0.10% 0.69%
LoanDepot 26, 0.11% 0.97%
CBI Bank & Trust 27, 0.14% 2.30%
Nationstar Mortgage 28, 0.18% 0.79%
Us Bank 29, 0.29% 2.85%
Quicken Loans 30, 0.30% 5.79%
Wells Fargo Bank 31, 0.45% 2.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Hills Bank and Trust Company 1, -0.11% 17.36%
Veridian Credit Union 2, -0.10% 4.02%
Collins Community Credit Union 3, -0.07% 13.12%
Midwestone Bank 4, -0.06% 1.98%
BankIowa of Cedar Rapids 5, -0.03% 1.16%
Dupaco Community Credit Union 6, -0.02% 2.10%
Ascentra Credit Union 7, -0.02% 0.58%
GreenState Credit Union 8, -0.01% 35.16%
Iowa Bankers Mortgage Corporation 9, -0.00% 5.76%
Ruhl Mortgage 10, 0.01% 1.07%
Home Point Financial Corporation 11, 0.03% 0.07%
HomeServices Lending 12, 0.05% 0.34%
Fidelity Bank & Trust 13, 0.05% 0.45%
Carrington Mortgage Services 14, 0.07% 0.15%
Residential Mortgage Network, Inc 15, 0.08% 1.56%
Citizens Bank 16, 0.08% 1.27%
Bankers Trust Company 17, 0.10% 0.57%
Universal Lending Corporation 18, 0.10% 0.12%
Open Mortgage 19, 0.10% 0.11%
Usaa Federal Savings Bank 20, 0.11% 0.13%
Guild Mortgage Company 21, 0.12% 0.46%
LoanDepot 22, 0.14% 0.26%
Academy Mortgage Corporation 23, 0.17% 0.18%
New American Funding 24, 0.17% 0.24%
Waterstone Mortgage Corp 25, 0.18% 0.50%
CBI Bank & Trust 26, 0.18% 2.43%
Cardinal Financial Company LP 27, 0.19% 0.33%
Us Bank 28, 0.24% 3.18%
Nationstar Mortgage 29, 0.27% 0.16%
Wells Fargo Bank 30, 0.30% 2.80%
Quicken Loans 31, 0.43% 2.40%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Hills Bank and Trust Company 1, -0.12% 18.50%
Veridian Credit Union 2, -0.10% 5.45%
Collins Community Credit Union 3, -0.03% 11.85%
Dupaco Community Credit Union 4, -0.03% 2.53%
Ascentra Credit Union 5, -0.01% 0.51%
BankIowa of Cedar Rapids 6, -0.01% 1.13%
GreenState Credit Union 7, -0.00% 33.32%
Ruhl Mortgage 8, 0.01% 1.74%
Midwestone Bank 9, 0.02% 1.46%
Home Point Financial Corporation 10, 0.03% 0.10%
Nationstar Mortgage 11, 0.04% 0.03%
HomeServices Lending 12, 0.05% 0.67%
Fidelity Bank & Trust 13, 0.06% 0.33%
LoanDepot 14, 0.06% 0.13%
Iowa Bankers Mortgage Corporation 15, 0.07% 5.45%
Bankers Trust Company 16, 0.08% 0.44%
Residential Mortgage Network, Inc 17, 0.10% 2.07%
Usaa Federal Savings Bank 18, 0.11% 0.26%
Citizens Bank 19, 0.11% 1.46%
Universal Lending Corporation 20, 0.12% 0.15%
Open Mortgage 21, 0.12% 0.15%
Wells Fargo Bank 22, 0.13% 2.56%
Guild Mortgage Company 23, 0.14% 0.69%
Us Bank 24, 0.17% 3.53%
Academy Mortgage Corporation 25, 0.18% 0.31%
Waterstone Mortgage Corp 26, 0.20% 0.77%
New American Funding 27, 0.20% 0.36%
Cardinal Financial Company LP 28, 0.21% 0.54%
CBI Bank & Trust 29, 0.22% 2.35%
Quicken Loans 30, 0.28% 1.18%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Veridian Credit Union 1, -0.12% 2.50%
Hills Bank and Trust Company 2, -0.11% 16.14%
Midwestone Bank 3, -0.11% 2.53%
Collins Community Credit Union 4, -0.10% 14.48%
Iowa Bankers Mortgage Corporation 5, -0.07% 6.10%
BankIowa of Cedar Rapids 6, -0.05% 1.20%
Ascentra Credit Union 7, -0.03% 0.65%
GreenState Credit Union 8, -0.01% 37.13%
Dupaco Community Credit Union 9, -0.01% 1.63%
Ruhl Mortgage 10, -0.00% 0.35%
Residential Mortgage Network, Inc 11, 0.03% 1.01%
Citizens Bank 12, 0.03% 1.06%
Home Point Financial Corporation 13, 0.04% 0.03%
Open Mortgage 14, 0.05% 0.05%
Fidelity Bank & Trust 15, 0.05% 0.57%
Universal Lending Corporation 16, 0.06% 0.08%
Guild Mortgage Company 17, 0.07% 0.22%
Carrington Mortgage Services 18, 0.07% 0.30%
Academy Mortgage Corporation 19, 0.07% 0.05%
New American Funding 20, 0.08% 0.11%
Cardinal Financial Company LP 21, 0.08% 0.11%
Waterstone Mortgage Corp 22, 0.10% 0.22%
Bankers Trust Company 23, 0.10% 0.71%
CBI Bank & Trust 24, 0.14% 2.50%
LoanDepot 25, 0.16% 0.41%
Nationstar Mortgage 26, 0.29% 0.30%
Us Bank 27, 0.33% 2.80%
Wells Fargo Bank 28, 0.45% 3.05%
Quicken Loans 29, 0.48% 3.70%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Residential Mortgage Network, Inc 1, -0.18% 8.41%
Ruhl Mortgage 2, -0.17% 5.19%
BankIowa of Cedar Rapids 3, -0.16% 1.61%
Us Bank 4, -0.08% 1.79%
Home Point Financial Corporation 5, -0.07% 3.22%
Universal Lending Corporation 6, -0.06% 6.26%
Quicken Loans 7, -0.05% 20.39%
Iowa Bankers Mortgage Corporation 8, -0.03% 0.89%
Guild Mortgage Company 9, -0.02% 4.11%
Academy Mortgage Corporation 10, -0.00% 5.55%
Carrington Mortgage Services 11, -0.00% 3.58%
HomeServices Lending 12, 0.01% 0.54%
Waterstone Mortgage Corp 13, 0.04% 5.19%
LoanDepot 14, 0.05% 1.97%
Mid America Mortgage Inc 15, 0.06% 5.55%
New American Funding 16, 0.11% 7.51%
Nationstar Mortgage 17, 0.11% 4.11%
Open Mortgage 18, 0.14% 3.76%
Cardinal Financial Company LP 19, 0.20% 10.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Residential Mortgage Network, Inc 1, -0.21% 10.28%
BankIowa of Cedar Rapids 2, -0.17% 2.01%
Ruhl Mortgage 3, -0.17% 7.27%
Us Bank 4, -0.09% 2.26%
Universal Lending Corporation 5, -0.08% 5.51%
Quicken Loans 6, -0.07% 11.53%
Home Point Financial Corporation 7, -0.07% 4.26%
Iowa Bankers Mortgage Corporation 8, -0.04% 1.00%
Guild Mortgage Company 9, -0.02% 4.51%
Academy Mortgage Corporation 10, -0.01% 7.27%
HomeServices Lending 11, 0.01% 0.75%
Waterstone Mortgage Corp 12, 0.05% 6.77%
Mid America Mortgage Inc 13, 0.06% 7.27%
New American Funding 14, 0.11% 10.03%
Nationstar Mortgage 15, 0.14% 1.75%
Open Mortgage 16, 0.14% 5.01%
Cardinal Financial Company LP 17, 0.22% 12.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Universal Lending Corporation 1, -0.04% 8.12%
Quicken Loans 2, -0.03% 42.50%
BankIowa of Cedar Rapids 3, -0.01% 0.62%
Residential Mortgage Network, Inc 4, -0.01% 3.75%
Guild Mortgage Company 5, -0.01% 3.12%
Iowa Bankers Mortgage Corporation 6, -0.01% 0.62%
Home Point Financial Corporation 7, -0.00% 0.62%
Us Bank 8, -0.00% 0.62%
Carrington Mortgage Services 9, -0.00% 12.50%
Waterstone Mortgage Corp 10, 0.01% 1.25%
Open Mortgage 11, 0.02% 0.62%
Cardinal Financial Company LP 12, 0.02% 5.00%
Mid America Mortgage Inc 13, 0.02% 1.25%
New American Funding 14, 0.02% 1.25%
Academy Mortgage Corporation 15, 0.03% 1.25%
LoanDepot 16, 0.05% 6.88%
Nationstar Mortgage 17, 0.10% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.01% 50.00%
Midwestone Bank 2, 0.00% 6.25%
Hills Bank and Trust Company 3, 0.00% 3.12%
Wells Fargo Bank 4, 0.00% 3.12%
GreenState Credit Union 5, 0.00% 21.88%
Bankers Trust Company 6, 0.00% 6.25%
Home Point Financial Corporation 7, 0.01% 3.12%
CBI Bank & Trust 8, 0.01% 3.12%
Waterstone Mortgage Corp 9, 0.01% 3.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.01% 50.00%
GreenState Credit Union 2, 0.01% 25.00%
Hills Bank and Trust Company 3, 0.01% 8.33%
Wells Fargo Bank 4, 0.01% 8.33%
Waterstone Mortgage Corp 5, 0.02% 8.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, -0.00% 50.00%
Midwestone Bank 2, 0.00% 10.00%
Bankers Trust Company 3, 0.00% 10.00%
GreenState Credit Union 4, 0.00% 20.00%
Home Point Financial Corporation 5, 0.01% 5.00%
CBI Bank & Trust 6, 0.01% 5.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
GreenState Credit Union 1, -0.14% 25.15%
Veridian Credit Union 2, -0.06% 7.44%
Residential Mortgage Network, Inc 3, -0.03% 19.11%
Collins Community Credit Union 4, -0.01% 3.42%
BankIowa of Cedar Rapids 5, 0.01% 3.02%
Home Point Financial Corporation 6, 0.03% 5.23%
Iowa Bankers Mortgage Corporation 7, 0.04% 4.02%
Wells Fargo Bank 8, 0.06% 1.41%
Universal Lending Corporation 9, 0.07% 0.60%
Mid America Mortgage Inc 10, 0.07% 0.40%
HomeServices Lending 11, 0.07% 0.60%
Waterstone Mortgage Corp 12, 0.07% 0.40%
New American Funding 13, 0.08% 0.40%
Carrington Mortgage Services 14, 0.09% 1.01%
Guild Mortgage Company 15, 0.09% 1.81%
Ruhl Mortgage 16, 0.10% 1.81%
LoanDepot 17, 0.11% 2.62%
Academy Mortgage Corporation 18, 0.11% 1.21%
Us Bank 19, 0.12% 3.22%
Open Mortgage 20, 0.13% 0.80%
Nationstar Mortgage 21, 0.14% 1.21%
Usaa Federal Savings Bank 22, 0.15% 6.04%
Quicken Loans 23, 0.15% 6.84%
Cardinal Financial Company LP 24, 0.18% 2.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
GreenState Credit Union 1, -0.14% 23.79%
Veridian Credit Union 2, -0.07% 8.36%
Collins Community Credit Union 3, -0.02% 4.18%
Residential Mortgage Network, Inc 4, -0.00% 20.58%
BankIowa of Cedar Rapids 5, 0.01% 3.22%
Iowa Bankers Mortgage Corporation 6, 0.03% 4.82%
Home Point Financial Corporation 7, 0.04% 4.82%
Quicken Loans 8, 0.05% 1.29%
Wells Fargo Bank 9, 0.06% 2.25%
Universal Lending Corporation 10, 0.06% 0.32%
Mid America Mortgage Inc 11, 0.07% 0.32%
New American Funding 12, 0.07% 0.32%
HomeServices Lending 13, 0.07% 0.96%
Waterstone Mortgage Corp 14, 0.07% 0.64%
Carrington Mortgage Services 15, 0.08% 0.32%
Nationstar Mortgage 16, 0.09% 0.32%
Guild Mortgage Company 17, 0.10% 1.61%
Ruhl Mortgage 18, 0.10% 2.89%
Academy Mortgage Corporation 19, 0.11% 1.61%
Us Bank 20, 0.12% 4.82%
Open Mortgage 21, 0.13% 1.29%
Usaa Federal Savings Bank 22, 0.17% 8.04%
Cardinal Financial Company LP 23, 0.18% 3.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
GreenState Credit Union 1, -0.13% 27.42%
Residential Mortgage Network, Inc 2, -0.07% 16.67%
Veridian Credit Union 3, -0.03% 5.91%
BankIowa of Cedar Rapids 4, 0.01% 2.69%
Home Point Financial Corporation 5, 0.01% 5.91%
Collins Community Credit Union 6, 0.03% 2.15%
Iowa Bankers Mortgage Corporation 7, 0.04% 2.69%
Usaa Federal Savings Bank 8, 0.07% 2.69%
Mid America Mortgage Inc 9, 0.07% 0.54%
Us Bank 10, 0.07% 0.54%
Universal Lending Corporation 11, 0.07% 1.08%
Guild Mortgage Company 12, 0.08% 2.15%
Academy Mortgage Corporation 13, 0.08% 0.54%
New American Funding 14, 0.08% 0.54%
Cardinal Financial Company LP 15, 0.09% 0.54%
Carrington Mortgage Services 16, 0.09% 2.15%
LoanDepot 17, 0.11% 6.99%
Nationstar Mortgage 18, 0.15% 2.69%
Quicken Loans 19, 0.17% 16.13%

* Data is compiled for the Cedar Rapids, IA commuting zone area, which comprises of counties of Benton County, IA, Cedar County, IA, Iowa County, IA, Johnson County, IA, Jones County, IA, Linn County, IA, Louisa County, IA, Muscatine County, IA, and Washington County, IA. This includes cities/towns/communities of Cedar Rapids, IA as well as Iowa City, IA, Marion, IA, Coralville, IA, Oxford, IA, North Liberty, IA, Muscatine, IA, West Branch, IA, Fairfax, IA, Riverside, IA, Anamosa, IA, Robins, IA, Washington, IA, Wilton, IA, Swisher, IA, Mount Vernon, IA, Newhall, IA, Walker, IA, Williamsburg, IA, Hills, IA, Brighton, IA, Nichols, IA, Hiawatha, IA, Stanwood, IA, Vinton, IA, Alburnett, IA, Tipton, IA, Middle Amana, IA, Urbana, IA, Shellsburg, IA, Monticello, IA, Durant, IA, Springville, IA, Bertram, IA, Bennett, IA, Coggon, IA, Belle Plaine, IA, Cascade, IA, Victor, IA, Luzerne, IA, Ladora, IA, Cotter, IA, Clarence, IA, Fruitland, IA, Van Horne, IA, Grandview, IA, Ainsworth, IA, Morning Sun, IA, and Wyoming, 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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