Bank Iowa closing costs and rates (2024)
In 2024, Bank Iowa originated 207 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $2,964. That is $3,777 below the national median of $6,741. Bank Iowa is most active in Iowa with 195 originations there.
Purchase Originations
207
Median Total Costs
$2,964
−56.0% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$1,038
Median Lender Credits
$100
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 185 | 6.625% | $2,847 | $1,038 |
| usda | 22 | 6.500% | $4,522 | $1,688 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Iowa | 195 | 6.625% | $2,889 | #35 |
| Missouri | 3 | 6.750% | $3,418 | — |
| Arizona | 2 | 6.312% | $8,141 | — |
| Florida | 2 | 6.438% | $4,682 | — |
| California | 1 | 7.250% | $10,788 | — |
| District of Columbia | 1 | 6.624% | $15,843 | — |
| Nebraska | 1 | 6.875% | $13,704 | — |
| Nevada | 1 | 6.500% | $7,032 | — |
| Texas | 1 | 6.375% | $4,334 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,332 | 7.438% | — | 2 | −$632 | |
| 2 | $2,391 | 6.688% | — | 14 | −$573 | |
| 3 | $2,446 | 7.500% | — | 3 | −$518 | |
| 4 | $2,555 | 6.624% | — | 62 | −$409 | |
| 5 | $2,564 | 6.375% | — | 7 | −$400 | |
| 6 | $2,629 | 6.750% | — | 4 | −$335 | |
| 7 | $2,660 | 6.375% | — | 3 | −$304 | |
| 8 | $2,907 | 7.125% | — | 3 | −$57 | |
| 9 | $2,926 | 6.750% | — | 2 | −$38 | |
| 10 | $3,046 | 7.000% | — | 4 | +$82 | |
| 11 | $3,488 | 6.433% | — | 8 | +$524 | |
| 12 | $3,603 | 6.500% | — | 4 | +$639 | |
| 13 | $3,632 | 6.625% | — | 19 | +$668 | |
| 14 | $3,722 | 6.750% | — | 17 | +$758 | |
| 15 | $3,728 | 6.375% | — | 2 | +$764 | |
| 16 | $3,819 | 6.875% | — | 21 | +$855 | |
| 17 | $4,060 | 7.875% | — | 3 | +$1,096 | |
| 18 | $4,142 | 6.438% | — | 2 | +$1,178 | |
| 19 | $5,919 | 6.370% | — | 2 | +$2,955 | |
| 20 | $8,141 | 6.312% | — | 2 | +$5,177 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.