Iowa · Q1 2026
What Iowa borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 376 lenders.
Published 2026-04-29.
Iowa · headline
The gap between Iowa's lowest- and highest-cost ranked lenders in 2025 was $3,699 on a typical loan — borrowers using United Wholesale Mortgage paid roughly 200% more than borrowers using GREENSTATE Credit Union on similar loans.
Source: FFIEC HMDA 2025 (n=47,071)
In 2025, 376 mortgage lenders originated 47,071 reportable loans in Iowa according to FFIEC HMDA data. The median borrower paid $3,854 in total loan costs. That is 9.2% below the national median across all 50 states and DC.
Iowa's median total loan cost was $3,854, 9.2% below the national median of $4,242. On a typical loan, that translates to roughly $388 less than borrowers paid in the average state.
GREENSTATE Credit Union posted the lowest median total loan costs at $1,849, 52.0% below the Iowa median. Across the ranked lenders, 9 earned an A grade against peer averages and 6 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in Iowa are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | GREENSTATE Credit Union | $1,849 | $725 | 7,802 | A |
| 2 | Veridian Credit Union | $1,881 | $500 | 3,418 | A |
| 3 | Rocket Mortgage | $5,210 | $3,064 | 2,550 | F |
| 4 | Iowa Bankers Mortgage Corporation | $2,525 | $1,000 | 1,840 | A |
| 5 | Hills Bank and Trust Company | $1,854 | $750 | 1,726 | A |
| 6 | New American Funding | $4,932 | $2,808 | 1,379 | F |
| 7 | United Wholesale Mortgage | $5,549 | $2,606 | 1,339 | F |
| 8 | U.S. Bank National Association | $2,975 | $1,343 | 1,032 | A |
| 9 | Community Choice Credit Union | $2,380 | $1,325 | 992 | A |
| 10 | Mortgage Research Center, LLC | $3,891 | $2,226 | 957 | D |
Iowa median total loan cost
Iowa borrowers paid a median $3,854 in total loan costs in 2025, based on 47,071 HMDA-reported loans across 376 lenders.
FFIEC HMDA 2025
Lender spread in Iowa
In Iowa, the gap between GREENSTATE Credit Union ($1,849 median) and United Wholesale Mortgage ($5,549 median) was $3,699 on a typical 2025 loan.
FFIEC HMDA 2025
Iowa vs. national
Iowa closing costs ran 9.2% below the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in Iowa was $1,645, with the typical lender clustering tightly around that figure. Discount points appeared on 30% of loans, with a median paid amount of $1,354 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 31% of loans, with a median credit of $269.
Avg $2,624
Median $1,354 when present
Median $269 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in Iowa) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for Iowa
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