Top Mortgage Lenders in Burlington, IA

Which mortgage lender in the Burlington, 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 Burlington, 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 Burlington, IA area is United Community Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.16%. This means that United Community Bank provided a -0.16% lower interest rate for its customers than other lenders in Burlington, IA for a similar set of borrowers. United Community Bank has a market share of 13.3%. On the other hand, the most popular lender in the market is Iowa Bankers Mortgage Corporation, with a market share of 47.9%. Iowa Bankers Mortgage Corporation 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 Burlington, 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 Burlington, IA is United Community Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Iowa Bankers Mortgage Corporation. The cheapest VA mortgage provider is also Iowa Bankers Mortgage Corporation. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders for your desired mortgage type and purpose.

Ranking of Mortgage Lenders in Burlington, IA

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.16% 13.27%
Fortress Bank 2, -0.03% 6.54%
Iowa Bankers Mortgage Corporation 3, -0.02% 47.88%
Us Bank 4, 0.07% 10.77%
Quicken Loans 5, 0.12% 21.54%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.18% 11.00%
Fortress Bank 2, -0.04% 6.15%
Iowa Bankers Mortgage Corporation 3, 0.00% 52.10%
Us Bank 4, 0.05% 14.24%
Quicken Loans 5, 0.09% 16.50%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.12% 16.59%
Iowa Bankers Mortgage Corporation 2, -0.08% 41.71%
Fortress Bank 3, -0.01% 7.11%
Us Bank 4, 0.12% 5.69%
Quicken Loans 5, 0.17% 28.91%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.18% 14.67%
Fortress Bank 2, -0.03% 7.82%
Iowa Bankers Mortgage Corporation 3, -0.01% 54.03%
Us Bank 4, 0.10% 10.51%
Quicken Loans 5, 0.20% 12.96%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.24% 11.21%
Fortress Bank 2, -0.06% 7.33%
Iowa Bankers Mortgage Corporation 3, 0.02% 59.05%
Us Bank 4, 0.06% 13.79%
Quicken Loans 5, 0.15% 8.62%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
United Community Bank 1, -0.11% 19.21%
Iowa Bankers Mortgage Corporation 2, -0.07% 47.46%
Fortress Bank 3, 0.01% 8.47%
Us Bank 4, 0.14% 6.21%
Quicken Loans 5, 0.25% 18.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.11% 21.52%
United Community Bank 2, -0.02% 3.80%
Us Bank 3, -0.00% 11.39%
Fortress Bank 4, 0.03% 1.27%
Quicken Loans 5, 0.04% 62.03%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.11% 29.09%
United Community Bank 2, -0.01% 5.45%
Us Bank 3, 0.01% 16.36%
Fortress Bank 4, 0.04% 1.82%
Quicken Loans 5, 0.06% 47.27%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.00% 95.83%
Iowa Bankers Mortgage Corporation 2, 0.01% 4.17%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.03% 34.38%
United Community Bank 2, -0.01% 18.75%
Us Bank 3, -0.00% 12.50%
Fortress Bank 4, 0.01% 3.12%
Quicken Loans 5, 0.04% 31.25%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.03% 36.36%
Us Bank 2, -0.01% 13.64%
United Community Bank 3, -0.01% 22.73%
Fortress Bank 4, 0.01% 4.55%
Quicken Loans 5, 0.05% 22.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.04% 30.00%
United Community Bank 2, 0.00% 10.00%
Us Bank 3, 0.01% 10.00%
Quicken Loans 4, 0.02% 50.00%

* Data is compiled for the Burlington, IA commuting zone area, which comprises of counties of Hancock County, IL, Henderson County, IL, Des Moines County, IA, Henry County, IA, Lee County, IA, and Clark County, MO. This includes cities/towns/communities of Burlington, IA as well as Mount Pleasant, IA, Fort Madison, IA, Keokuk, IA, New London, IA, West Burlington, IA, Beaverdale, IA, Carthage, IL, Hamilton, IL, Wayland, IA, Danville, IA, Mediapolis, IA, Elvaston, IL, Salem, IA, Montrose, IA, Warsaw, IL, Basco, IL, Denmark, IA, West Point, IA, La Harpe, IL, Stronghurst, IL, Dallas City, IL, Donnellson, IA, Gulf Port, IL, Kahoka, MO, Oquawka, IL, Luray, MO, and Wayland, MO. 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.

Mortgage Lender Rankings for Other Cities

This page ranks the top mortgage lenders in the Burlington, IA area. For mortgage lender rankings of other cities, click here.