Top Mortgage Lenders in the Fort Dodge, IA area

Which mortgage lender in the Fort Dodge, 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 Fort Dodge, 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 Fort Dodge, IA area is Iowa Bankers Mortgage Corporation, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.05%. This means that Iowa Bankers Mortgage Corporation provided a -0.05% lower interest rate for its customers than other lenders in Fort Dodge, IA for a similar set of borrowers. Iowa Bankers Mortgage Corporation has a market share of 25.6%. It is the most popular lender in the area.

Our detailed rankings of the mortgage lenders for the Fort Dodge, 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 Fort Dodge, IA is Iowa Bankers Mortgage Corporation. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Great Western Bank. The cheapest VA mortgage provider is 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.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.05% 25.63%
Frontier Financial, Inc DBA Frontier Mortgage 2, -0.01% 10.06%
Great Western Bank 3, -0.01% 6.76%
Northwest Bank 4, 0.01% 24.84%
United Bank of Iowa 5, 0.02% 6.45%
Wells Fargo Bank 6, 0.03% 13.68%
Quicken Loans 7, 0.06% 12.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.03% 26.42%
Frontier Financial, Inc DBA Frontier Mortgage 2, -0.02% 14.58%
Great Western Bank 3, -0.01% 5.92%
Wells Fargo Bank 4, 0.01% 17.08%
Northwest Bank 5, 0.02% 22.10%
United Bank of Iowa 6, 0.03% 5.92%
Quicken Loans 7, 0.05% 7.97%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.12% 23.86%
Great Western Bank 2, -0.01% 8.63%
United Bank of Iowa 3, 0.00% 7.61%
Northwest Bank 4, 0.01% 30.96%
Quicken Loans 5, 0.07% 22.84%
Wells Fargo Bank 6, 0.15% 6.09%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.06% 30.02%
Great Western Bank 2, -0.00% 6.04%
Northwest Bank 3, 0.01% 30.02%
Frontier Financial, Inc DBA Frontier Mortgage 4, 0.02% 2.73%
United Bank of Iowa 5, 0.02% 7.99%
Wells Fargo Bank 6, 0.03% 15.98%
Quicken Loans 7, 0.10% 7.21%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.03% 31.47%
Wells Fargo Bank 2, 0.00% 20.59%
Frontier Financial, Inc DBA Frontier Mortgage 3, 0.01% 4.12%
Northwest Bank 4, 0.01% 27.35%
Great Western Bank 5, 0.01% 4.41%
United Bank of Iowa 6, 0.03% 7.65%
Quicken Loans 7, 0.08% 4.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.11% 27.17%
Great Western Bank 2, -0.01% 9.25%
United Bank of Iowa 3, 0.01% 8.67%
Northwest Bank 4, 0.01% 35.26%
Quicken Loans 5, 0.13% 12.72%
Wells Fargo Bank 6, 0.15% 6.94%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Great Western Bank 1, -0.07% 6.25%
Iowa Bankers Mortgage Corporation 2, -0.04% 7.29%
Frontier Financial, Inc DBA Frontier Mortgage 3, -0.01% 50.00%
Northwest Bank 4, 0.02% 4.17%
Quicken Loans 5, 0.04% 31.25%
Wells Fargo Bank 6, 0.06% 1.04%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Great Western Bank 1, -0.06% 7.23%
Iowa Bankers Mortgage Corporation 2, -0.04% 8.43%
Frontier Financial, Inc DBA Frontier Mortgage 3, -0.01% 57.83%
Northwest Bank 4, 0.02% 4.82%
Quicken Loans 5, 0.05% 20.48%
Wells Fargo Bank 6, 0.06% 1.20%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.01% 7.41%
Wells Fargo Bank 2, -0.01% 14.81%
Quicken Loans 3, -0.00% 48.15%
Frontier Financial, Inc DBA Frontier Mortgage 4, 0.01% 7.41%
Great Western Bank 5, 0.01% 22.22%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Iowa Bankers Mortgage Corporation 1, -0.02% 12.50%
Wells Fargo Bank 2, -0.02% 25.00%
Frontier Financial, Inc DBA Frontier Mortgage 3, 0.00% 12.50%
Great Western Bank 4, 0.01% 31.25%
Quicken Loans 5, 0.02% 18.75%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Great Western Bank 1, -0.00% 9.09%
Quicken Loans 2, 0.00% 90.91%

* Data is compiled for the Fort Dodge, IA commuting zone area, which comprises of counties of Calhoun County, IA, Hamilton County, IA, Humboldt County, IA, Webster County, IA, and Wright County, IA. This includes cities/towns/communities of Fort Dodge, IA as well as Humboldt, IA, Webster City, IA, Dakota City, IA, Twin Lakes, IA, Badger, IA, Ellsworth, IA, Callender, IA, Eagle Grove, IA, Dayton, IA, Barnum, IA, Stratford, IA, Yetter, IA, Belmond, IA, Hardy, IA, Bradgate, IA, Clarion, IA, Pomeroy, IA, Williams, IA, Knierim, IA, Goldfield, IA, and Dows, 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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