Purchase Originations
1,718
Ranked #255 nationally
Median Total Costs
$2,694
−59.7% vs national ($6,680)
↑ $124 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↑ 0.125% vs prior year
Median Origination
$1,084
Median Lender Credits
$112
Cost Rank (500+ vol.)
#33
among lenders with 500+ originations
Denial Rate
10.0%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 1,537 | 6.500% | $2,597 | $1,090 |
| usda | 80 | 6.375% | $4,076 | $1,046 |
| fha | 55 | 6.750% | $6,465 | $1,873 |
| va | 46 | 6.125% | $3,103 | $0 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,035 | 6.375% | — | 58 | −$659 | |
| 2 | $2,050 | 6.312% | — | 66 | −$644 | |
| 3 | $2,110 | 6.688% | — | 70 | −$584 | |
| 4 | $2,110 | 6.375% | — | 35 | −$584 | |
| 5 | $2,264 | 6.750% | — | 27 | −$430 | |
| 6 | $2,349 | 6.438% | — | 84 | −$345 | |
| 7 | $2,363 | 6.375% | — | 38 | −$331 | |
| 8 | $2,423 | 6.500% | — | 175 | −$271 | |
| 9 | $2,525 | 6.500% | — | 60 | −$169 | |
| 10 | $2,571 | 6.500% | — | 19 | −$123 | |
| 11 | $2,611 | 6.500% | — | 20 | −$83 | |
| 12 | $2,780 | 6.500% | — | 23 | +$86 | |
| 13 | $2,792 | 6.625% | — | 72 | +$98 | |
| 14 | $2,813 | 6.500% | — | 19 | +$119 | |
| 15 | $2,826 | 6.500% | — | 19 | +$132 | |
| 16 | $2,890 | 6.375% | — | 45 | +$196 | |
| 17 | $2,957 | 6.375% | — | 18 | +$263 | |
| 18 | $4,168 | 6.375% | — | 65 | +$1,474 | |
| 19 | $4,730 | 6.438% | — | 28 | +$2,036 | |
| 20 | $4,923 | 6.375% | — | 26 | +$2,229 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Iowa Bankers Mortgage Corporation | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $195,000 | $335,000 | −$140,000 (−41.8%) |
| Median total closing costs | $2,694 | $7,127 | −$4,433 (−62.2%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, 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.