Top Mortgage Lenders in Sioux City, IA

Which mortgage lender in the Sioux City, 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 Sioux City, 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 Sioux City, IA area is Iowa Bankers Mortgage Corporation, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.12%. This means that Iowa Bankers Mortgage Corporation provided a -0.12% lower interest rate for its customers than other lenders in Sioux City, IA for a similar set of borrowers. Iowa Bankers Mortgage Corporation has a market share of 13.3%. On the other hand, the most popular lender in the market is Northwest Bank, with a market share of 13.8%. Northwest Bank is an average rate lender in this area, with a “Rate Difference” of -0.05% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Sioux City, 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 Sioux City, IA is Iowa Bankers Mortgage Corporation. 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 Flagstar Bank. The cheapest VA mortgage provider is Great Southern Bank. 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 Sioux City, IA

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.12% 13.35%
Citizens Bank 2, -0.10% 5.07%
First Dakota National Bank 3, -0.07% 2.74%
Northwest Bank 4, -0.05% 13.76%
Central Bank 5, -0.01% 11.33%
Wells Fargo Bank 6, 0.02% 12.21%
Us Bank 7, 0.02% 6.05%
Flagstar Bank 8, 0.02% 4.09%
Great Southern Bank 9, 0.03% 4.14%
Carrington Mortgage Services 10, 0.05% 1.60%
Plains Commerce Bank 11, 0.05% 5.48%
LoanDepot 12, 0.05% 1.60%
Home Point Financial Corporation 13, 0.06% 7.55%
Quicken Loans 14, 0.15% 11.02%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.10% 5.80%
Iowa Bankers Mortgage Corporation 2, -0.05% 13.05%
Northwest Bank 3, -0.02% 13.23%
Wells Fargo Bank 4, -0.02% 15.53%
First Dakota National Bank 5, -0.02% 2.39%
Us Bank 6, 0.01% 7.25%
Central Bank 7, 0.01% 11.43%
Flagstar Bank 8, 0.02% 5.72%
Carrington Mortgage Services 9, 0.03% 0.68%
LoanDepot 10, 0.04% 0.26%
Plains Commerce Bank 11, 0.04% 5.89%
Great Southern Bank 12, 0.05% 4.78%
Home Point Financial Corporation 13, 0.06% 9.64%
Quicken Loans 14, 0.11% 4.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.21% 13.80%
First Dakota National Bank 2, -0.14% 3.29%
Citizens Bank 3, -0.12% 3.94%
Northwest Bank 4, -0.08% 14.59%
Central Bank 5, -0.04% 11.17%
Great Southern Bank 6, -0.03% 3.15%
Flagstar Bank 7, 0.02% 1.58%
Home Point Financial Corporation 8, 0.04% 4.34%
Carrington Mortgage Services 9, 0.04% 3.02%
LoanDepot 10, 0.05% 3.68%
Plains Commerce Bank 11, 0.05% 4.86%
Us Bank 12, 0.06% 4.20%
Wells Fargo Bank 13, 0.15% 7.10%
Quicken Loans 14, 0.16% 21.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.12% 15.49%
Citizens Bank 2, -0.11% 5.98%
First Dakota National Bank 3, -0.08% 3.02%
Northwest Bank 4, -0.05% 15.18%
Central Bank 5, -0.01% 13.79%
Wells Fargo Bank 6, 0.02% 14.04%
Us Bank 7, 0.02% 6.49%
Carrington Mortgage Services 8, 0.03% 0.50%
Great Southern Bank 9, 0.04% 4.09%
Plains Commerce Bank 10, 0.05% 4.85%
LoanDepot 11, 0.07% 0.69%
Home Point Financial Corporation 12, 0.09% 5.48%
Flagstar Bank 13, 0.10% 2.71%
Quicken Loans 14, 0.26% 7.68%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Citizens Bank 1, -0.10% 6.81%
Iowa Bankers Mortgage Corporation 2, -0.05% 14.78%
Northwest Bank 3, -0.03% 14.05%
First Dakota National Bank 4, -0.02% 2.52%
Wells Fargo Bank 5, -0.02% 17.82%
Us Bank 6, 0.01% 7.76%
Central Bank 7, 0.01% 14.05%
LoanDepot 8, 0.03% 0.10%
Plains Commerce Bank 9, 0.04% 4.51%
Great Southern Bank 10, 0.07% 4.61%
Home Point Financial Corporation 11, 0.11% 6.71%
Flagstar Bank 12, 0.12% 3.56%
Quicken Loans 13, 0.13% 2.73%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.21% 16.56%
First Dakota National Bank 2, -0.14% 3.79%
Citizens Bank 3, -0.12% 4.73%
Northwest Bank 4, -0.08% 16.88%
Central Bank 5, -0.04% 13.41%
Great Southern Bank 6, -0.03% 3.31%
Carrington Mortgage Services 7, 0.02% 1.26%
Flagstar Bank 8, 0.03% 1.42%
Home Point Financial Corporation 9, 0.05% 3.63%
Plains Commerce Bank 10, 0.05% 5.36%
Us Bank 11, 0.06% 4.57%
LoanDepot 12, 0.07% 1.58%
Wells Fargo Bank 13, 0.16% 8.36%
Quicken Loans 14, 0.29% 15.14%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.10% 11.16%
Iowa Bankers Mortgage Corporation 2, -0.06% 3.86%
Great Southern Bank 3, -0.02% 2.58%
Quicken Loans 4, -0.01% 30.04%
First Dakota National Bank 5, 0.00% 0.86%
Northwest Bank 6, 0.01% 8.15%
Citizens Bank 7, 0.02% 1.29%
Home Point Financial Corporation 8, 0.02% 17.17%
Us Bank 9, 0.03% 3.00%
Plains Commerce Bank 10, 0.04% 7.30%
Wells Fargo Bank 11, 0.05% 0.86%
Carrington Mortgage Services 12, 0.06% 9.44%
LoanDepot 13, 0.07% 4.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Flagstar Bank 1, -0.11% 17.33%
Iowa Bankers Mortgage Corporation 2, -0.07% 6.00%
Great Southern Bank 3, -0.02% 4.00%
First Dakota National Bank 4, -0.00% 1.33%
Northwest Bank 5, 0.00% 11.33%
Citizens Bank 6, 0.01% 2.00%
Home Point Financial Corporation 7, 0.01% 24.67%
Carrington Mortgage Services 8, 0.03% 5.33%
Us Bank 9, 0.03% 3.33%
LoanDepot 10, 0.04% 1.33%
Plains Commerce Bank 11, 0.04% 10.00%
Wells Fargo Bank 12, 0.05% 1.33%
Quicken Loans 13, 0.10% 12.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.04% 62.65%
Home Point Financial Corporation 2, 0.02% 3.61%
Northwest Bank 3, 0.02% 2.41%
Us Bank 4, 0.03% 2.41%
Plains Commerce Bank 5, 0.03% 2.41%
Carrington Mortgage Services 6, 0.08% 16.87%
LoanDepot 7, 0.09% 9.64%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Us Bank 1, 0.00% 100.00%
Insufficient data available.
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Great Southern Bank 1, -0.06% 8.11%
Iowa Bankers Mortgage Corporation 2, -0.04% 2.70%
Home Point Financial Corporation 3, -0.03% 17.12%
Us Bank 4, -0.02% 5.41%
Flagstar Bank 5, -0.02% 9.01%
Wells Fargo Bank 6, -0.02% 9.91%
Northwest Bank 7, -0.01% 5.41%
LoanDepot 8, -0.01% 9.01%
First Dakota National Bank 9, 0.00% 2.70%
Carrington Mortgage Services 10, 0.02% 0.90%
Plains Commerce Bank 11, 0.02% 10.81%
Quicken Loans 12, 0.07% 18.92%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Great Southern Bank 1, -0.05% 8.96%
Home Point Financial Corporation 2, -0.03% 17.91%
Iowa Bankers Mortgage Corporation 3, -0.03% 4.48%
Us Bank 4, -0.01% 7.46%
Wells Fargo Bank 5, -0.01% 14.93%
Flagstar Bank 6, -0.01% 10.45%
Northwest Bank 7, 0.01% 5.97%
First Dakota National Bank 8, 0.02% 2.99%
Plains Commerce Bank 9, 0.03% 16.42%
Quicken Loans 10, 0.06% 10.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Great Southern Bank 1, -0.07% 6.82%
Northwest Bank 2, -0.04% 4.55%
Flagstar Bank 3, -0.04% 6.82%
Us Bank 4, -0.03% 2.27%
Home Point Financial Corporation 5, -0.03% 15.91%
LoanDepot 6, -0.02% 22.73%
Plains Commerce Bank 7, -0.02% 2.27%
Wells Fargo Bank 8, -0.02% 2.27%
First Dakota National Bank 9, -0.01% 2.27%
Carrington Mortgage Services 10, 0.00% 2.27%
Quicken Loans 11, 0.06% 31.82%

* Data is compiled for the Sioux City, IA commuting zone area, which comprises of counties of Monona County, IA, Plymouth County, IA, Woodbury County, IA, Dakota County, NE, Clay County, SD, and Union County, SD. This includes cities/towns/communities of Sioux City, IA as well as Dakota Dunes, SD, Le Mars, IA, Vermillion, SD, South Sioux City, NE, Hinton, IA, Elk Point, SD, Lawton, IA, Dakota City, NE, Beresford, SD, Craig, IA, Sloan, IA, Homer, NE, Wakonda, SD, Onawa, IA, Correctionville, IA, Whiting, IA, Struble, IA, Turin, IA, and Castana, 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.

Mortgage Lender Rankings for Other Cities

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