Grade A · 0% of disclosures flagged for junk fees
Mortgage Company
Avg Closing Costs
$2,989
median across reports
vs. National Average
54%
below national avg
Avg Origination Charge
$1,665
Section A lender fee
Reports with Junk Fees
0%
of submitted reports
| Fee Category | This Lender (avg) | National Avg | Verdict |
|---|---|---|---|
| discount_points | $2,684 | $3,585 | 🟢 Below Avg |
| Origination Fee | $1,665 | $3,743 | 🟢 Below Avg |
| lender_credits | $534 | $1,150 | 🟢 Below Avg |
Got a Loan Estimate from Bank Iowa? See if your rate and fees are competitive.
Check My Loan Estimate — $19Based on 341 homebuyer-submitted Closing Disclosures, Bank Iowa's median total closing costs are $2,989. This is about 54% below the $6,435 national peer median for comparable lenders. Actual costs vary by loan type, loan amount, property state, and individual borrower profile. This data is informational only and not financial advice.
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What Are Junk Fees on a Mortgage?
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How to Read Your Closing Disclosure
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Average Closing Costs by State
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Aggregates from Bank Iowa's 2025 HMDA filings — actual closed-loan figures reported to federal regulators, compared against the national median across all lenders.
Purchase Originations
244
Median Total Costs
$2,957
−55.7% vs national ($6,680)
Median Rate
6.495%
+0.1% vs national (6.490%)
Median Origination
$1,250
Median Lender Credits
$212
Denial Rate
6.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 209 | 6.500% | $2,904 | $1,250 |
| usda | 35 | 6.000% | $4,942 | $1,250 |
| This lender | Iowa median | National median | |
|---|---|---|---|
| Total Closing Costs | $2,956 | $2,744 | $6,680 |
| Interest Rate | 6.375% | 6.380% | 6.490% |
| Originations in state | 232 | — | — |
Based on 2025 HMDA data. State and national medians cover all reporting lenders.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Bank Iowa | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $205,000 | $335,000 | −$130,000 (−38.8%) |
| Median total closing costs | $2,957 | $7,127 | −$4,170 (−58.5%) |
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This content is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a licensed professional for advice specific to your situation.
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