Which mortgage lender in the Cedar Rapids, IA area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Cedar Rapids, IA area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Cedar Rapids, IA area in terms of interest rate is HillsBank.com, with an average “Rate Difference” of -0.11%. This means that, comparing similar borrowers, HillsBank.com provided a -0.11% lower interest rate for its customers than other lenders in the area. HillsBank.com has a market share of 15.4%. On the other hand, the most popular lender in the Cedar Rapids, IA area is GreenState Credit Union, with a larger market share of 32.7%. GreenState Credit Union is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.01% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Cedar Rapids, 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, going by historical data, the cheapest lender for Conventional mortgages in Cedar Rapids, IA is HillsBank.com. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is US Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Residential Mortgage Network. The cheapest VA mortgage provider is GreenState Credit Union. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Cedar Rapids, IA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| HillsBank.com | -0.11% | 15.37% | |
| Veridian Credit Union | -0.10% | 3.99% | |
| Collins Community Credit Union | -0.07% | 11.81% | |
| MidWestOne Bank | -0.06% | 1.77% | |
| BankIowa | -0.03% | 1.31% | |
| Ruhl Mortgage | -0.02% | 1.39% | |
| Dupaco Community Credit Union | -0.02% | 1.86% | |
| Ascentra Credit Union | -0.02% | 0.51% | |
| GreenState Credit Union | -0.01% | 32.66% | |
| Residential Mortgage Network | -0.01% | 3.04% | |
| Home Point Financial Corporation | -0.01% | 0.58% | |
| Iowa Bankers Mortgage Corporation | -0.00% | 5.39% | |
| Universal Lending Corporation | -0.00% | 0.55% | |
| Carrington Mortgage Services | 0.05% | 0.42% | |
| HomeServices Lending | 0.05% | 0.37% | |
| Fidelity Bank & Trust | 0.05% | 0.40% | |
| Academy Mortgage Corporation Utah | 0.07% | 0.60% | |
| Guild Mortgage Company | 0.08% | 0.78% | |
| Mid America Mortgage | 0.08% | 0.39% | |
| Bankers Trust | 0.09% | 0.53% | |
| loanDepot | 0.10% | 0.50% | |
| USAA | 0.12% | 0.47% | |
| Waterstone Mortgage Corporation | 0.13% | 0.82% | |
| Open Mortgage | 0.14% | 0.39% | |
| New American Funding | 0.15% | 0.72% | |
| Mr. Cooper | 0.18% | 0.48% | |
| CBI Bank & Trust | 0.18% | 2.16% | |
| US Bank | 0.21% | 3.30% | |
| Cardinal Financial Company | 0.21% | 1.10% | |
| Quicken Loans | 0.24% | 3.77% | |
| Wells Fargo Bank | 0.29% | 2.57% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| HillsBank.com | -0.11% | 15.84% | |
| Veridian Credit Union | -0.10% | 5.23% | |
| Collins Community Credit Union | -0.03% | 10.41% | |
| Dupaco Community Credit Union | -0.03% | 2.17% | |
| Ruhl Mortgage | -0.02% | 2.32% | |
| BankIowa | -0.02% | 1.36% | |
| GreenState Credit Union | -0.01% | 30.16% | |
| Home Point Financial Corporation | -0.01% | 0.79% | |
| Ascentra Credit Union | -0.01% | 0.44% | |
| Universal Lending Corporation | -0.01% | 0.63% | |
| Residential Mortgage Network | -0.01% | 4.07% | |
| MidWestOne Bank | 0.02% | 1.25% | |
| HomeServices Lending | 0.05% | 0.70% | |
| Fidelity Bank & Trust | 0.06% | 0.28% | |
| Carrington Mortgage Services | 0.06% | 0.02% | |
| loanDepot | 0.06% | 0.11% | |
| Iowa Bankers Mortgage Corporation | 0.06% | 5.07% | |
| Academy Mortgage Corporation Utah | 0.07% | 1.01% | |
| Bankers Trust | 0.08% | 0.37% | |
| Guild Mortgage Company | 0.09% | 1.09% | |
| Mid America Mortgage | 0.09% | 0.66% | |
| Quicken Loans | 0.12% | 2.08% | |
| Wells Fargo Bank | 0.12% | 2.36% | |
| USAA | 0.13% | 0.77% | |
| Waterstone Mortgage Corporation | 0.14% | 1.31% | |
| Mr. Cooper | 0.15% | 0.20% | |
| US Bank | 0.15% | 3.67% | |
| Open Mortgage | 0.15% | 0.66% | |
| New American Funding | 0.16% | 1.20% | |
| CBI Bank & Trust | 0.22% | 2.01% | |
| Cardinal Financial Company | 0.23% | 1.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Veridian Credit Union | -0.11% | 2.58% | |
| HillsBank.com | -0.11% | 14.85% | |
| MidWestOne Bank | -0.11% | 2.38% | |
| Collins Community Credit Union | -0.10% | 13.42% | |
| Iowa Bankers Mortgage Corporation | -0.07% | 5.76% | |
| BankIowa | -0.05% | 1.25% | |
| Ascentra Credit Union | -0.03% | 0.60% | |
| Residential Mortgage Network | -0.02% | 1.85% | |
| GreenState Credit Union | -0.02% | 35.53% | |
| Dupaco Community Credit Union | -0.01% | 1.50% | |
| Home Point Financial Corporation | -0.00% | 0.35% | |
| Ruhl Mortgage | -0.00% | 0.33% | |
| Universal Lending Corporation | 0.01% | 0.45% | |
| USAA | 0.04% | 0.13% | |
| Mid America Mortgage | 0.05% | 0.08% | |
| Carrington Mortgage Services | 0.05% | 0.88% | |
| Open Mortgage | 0.05% | 0.08% | |
| Guild Mortgage Company | 0.05% | 0.43% | |
| Fidelity Bank & Trust | 0.05% | 0.53% | |
| Cardinal Financial Company | 0.06% | 0.33% | |
| Academy Mortgage Corporation Utah | 0.06% | 0.13% | |
| New American Funding | 0.07% | 0.18% | |
| Waterstone Mortgage Corporation | 0.08% | 0.25% | |
| Bankers Trust | 0.10% | 0.70% | |
| loanDepot | 0.11% | 0.95% | |
| CBI Bank & Trust | 0.14% | 2.33% | |
| Mr. Cooper | 0.18% | 0.80% | |
| Quicken Loans | 0.29% | 5.71% | |
| US Bank | 0.30% | 2.88% | |
| Wells Fargo Bank | 0.45% | 2.80% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| HillsBank.com | -0.11% | 17.59% | |
| Veridian Credit Union | -0.10% | 4.08% | |
| Collins Community Credit Union | -0.07% | 13.30% | |
| MidWestOne Bank | -0.06% | 2.01% | |
| BankIowa | -0.03% | 1.18% | |
| Dupaco Community Credit Union | -0.02% | 2.13% | |
| Ascentra Credit Union | -0.02% | 0.59% | |
| GreenState Credit Union | -0.01% | 35.64% | |
| Iowa Bankers Mortgage Corporation | -0.00% | 5.84% | |
| Ruhl Mortgage | 0.01% | 1.08% | |
| Home Point Financial Corporation | 0.03% | 0.07% | |
| HomeServices Lending | 0.05% | 0.35% | |
| Fidelity Bank & Trust | 0.06% | 0.45% | |
| Carrington Mortgage Services | 0.07% | 0.15% | |
| Residential Mortgage Network | 0.08% | 1.58% | |
| Bankers Trust | 0.10% | 0.57% | |
| Universal Lending Corporation | 0.10% | 0.12% | |
| Open Mortgage | 0.10% | 0.11% | |
| USAA | 0.11% | 0.13% | |
| Guild Mortgage Company | 0.13% | 0.47% | |
| loanDepot | 0.14% | 0.27% | |
| Academy Mortgage Corporation Utah | 0.17% | 0.19% | |
| New American Funding | 0.17% | 0.24% | |
| Waterstone Mortgage Corporation | 0.18% | 0.51% | |
| CBI Bank & Trust | 0.18% | 2.46% | |
| Cardinal Financial Company | 0.19% | 0.33% | |
| US Bank | 0.24% | 3.22% | |
| Mr. Cooper | 0.27% | 0.16% | |
| Wells Fargo Bank | 0.30% | 2.83% | |
| Quicken Loans | 0.43% | 2.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| HillsBank.com | -0.11% | 18.77% | |
| Veridian Credit Union | -0.10% | 5.53% | |
| Collins Community Credit Union | -0.03% | 12.02% | |
| Dupaco Community Credit Union | -0.03% | 2.57% | |
| Ascentra Credit Union | -0.01% | 0.52% | |
| BankIowa | -0.00% | 1.14% | |
| GreenState Credit Union | -0.00% | 33.81% | |
| Ruhl Mortgage | 0.01% | 1.77% | |
| MidWestOne Bank | 0.02% | 1.48% | |
| Home Point Financial Corporation | 0.03% | 0.10% | |
| Mr. Cooper | 0.04% | 0.03% | |
| HomeServices Lending | 0.05% | 0.68% | |
| Fidelity Bank & Trust | 0.06% | 0.34% | |
| loanDepot | 0.06% | 0.13% | |
| Iowa Bankers Mortgage Corporation | 0.07% | 5.53% | |
| Bankers Trust | 0.09% | 0.44% | |
| Residential Mortgage Network | 0.10% | 2.10% | |
| USAA | 0.11% | 0.26% | |
| Universal Lending Corporation | 0.12% | 0.16% | |
| Open Mortgage | 0.12% | 0.16% | |
| Wells Fargo Bank | 0.13% | 2.60% | |
| Guild Mortgage Company | 0.14% | 0.70% | |
| US Bank | 0.17% | 3.58% | |
| Academy Mortgage Corporation Utah | 0.18% | 0.31% | |
| Waterstone Mortgage Corporation | 0.20% | 0.78% | |
| New American Funding | 0.20% | 0.36% | |
| Cardinal Financial Company | 0.21% | 0.55% | |
| CBI Bank & Trust | 0.22% | 2.39% | |
| Quicken Loans | 0.28% | 1.19% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Veridian Credit Union | -0.12% | 2.54% | |
| HillsBank.com | -0.11% | 16.34% | |
| MidWestOne Bank | -0.11% | 2.56% | |
| Collins Community Credit Union | -0.10% | 14.66% | |
| Iowa Bankers Mortgage Corporation | -0.07% | 6.17% | |
| BankIowa | -0.05% | 1.21% | |
| Ascentra Credit Union | -0.03% | 0.66% | |
| GreenState Credit Union | -0.01% | 37.59% | |
| Dupaco Community Credit Union | -0.01% | 1.65% | |
| Ruhl Mortgage | -0.00% | 0.36% | |
| Residential Mortgage Network | 0.03% | 1.02% | |
| Home Point Financial Corporation | 0.04% | 0.03% | |
| Open Mortgage | 0.05% | 0.06% | |
| Fidelity Bank & Trust | 0.05% | 0.58% | |
| Universal Lending Corporation | 0.06% | 0.08% | |
| Guild Mortgage Company | 0.07% | 0.22% | |
| Carrington Mortgage Services | 0.07% | 0.30% | |
| Academy Mortgage Corporation Utah | 0.07% | 0.06% | |
| New American Funding | 0.08% | 0.11% | |
| Cardinal Financial Company | 0.08% | 0.11% | |
| Waterstone Mortgage Corporation | 0.10% | 0.22% | |
| Bankers Trust | 0.10% | 0.72% | |
| CBI Bank & Trust | 0.15% | 2.54% | |
| loanDepot | 0.16% | 0.41% | |
| Mr. Cooper | 0.29% | 0.30% | |
| US Bank | 0.33% | 2.84% | |
| Wells Fargo Bank | 0.45% | 3.09% | |
| Quicken Loans | 0.48% | 3.58% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Residential Mortgage Network | -0.18% | 8.42% | |
| Ruhl Mortgage | -0.17% | 5.20% | |
| BankIowa | -0.16% | 1.61% | |
| US Bank | -0.08% | 1.79% | |
| Home Point Financial Corporation | -0.07% | 3.23% | |
| Universal Lending Corporation | -0.06% | 6.27% | |
| Quicken Loans | -0.04% | 20.25% | |
| Iowa Bankers Mortgage Corporation | -0.03% | 0.90% | |
| Guild Mortgage Company | -0.02% | 4.12% | |
| Academy Mortgage Corporation Utah | -0.01% | 5.56% | |
| Carrington Mortgage Services | -0.00% | 3.58% | |
| HomeServices Lending | 0.01% | 0.54% | |
| Waterstone Mortgage Corporation | 0.04% | 5.20% | |
| loanDepot | 0.04% | 1.97% | |
| Mid America Mortgage | 0.06% | 5.56% | |
| New American Funding | 0.11% | 7.53% | |
| Mr. Cooper | 0.11% | 4.12% | |
| Open Mortgage | 0.14% | 3.76% | |
| Cardinal Financial Company | 0.20% | 10.39% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Residential Mortgage Network | -0.21% | 10.30% | |
| BankIowa | -0.18% | 2.01% | |
| Ruhl Mortgage | -0.17% | 7.29% | |
| US Bank | -0.09% | 2.26% | |
| Universal Lending Corporation | -0.08% | 5.53% | |
| Home Point Financial Corporation | -0.07% | 4.27% | |
| Quicken Loans | -0.06% | 11.31% | |
| Iowa Bankers Mortgage Corporation | -0.04% | 1.01% | |
| Guild Mortgage Company | -0.02% | 4.52% | |
| Academy Mortgage Corporation Utah | -0.01% | 7.29% | |
| HomeServices Lending | 0.01% | 0.75% | |
| Waterstone Mortgage Corporation | 0.05% | 6.78% | |
| Mid America Mortgage | 0.06% | 7.29% | |
| New American Funding | 0.11% | 10.05% | |
| Mr. Cooper | 0.14% | 1.76% | |
| Open Mortgage | 0.14% | 5.03% | |
| Cardinal Financial Company | 0.22% | 12.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Universal Lending Corporation | -0.04% | 8.12% | |
| Quicken Loans | -0.03% | 42.50% | |
| BankIowa | -0.01% | 0.62% | |
| Residential Mortgage Network | -0.01% | 3.75% | |
| Guild Mortgage Company | -0.01% | 3.12% | |
| Iowa Bankers Mortgage Corporation | -0.01% | 0.62% | |
| Home Point Financial Corporation | -0.00% | 0.62% | |
| US Bank | -0.00% | 0.62% | |
| Carrington Mortgage Services | -0.00% | 12.50% | |
| Waterstone Mortgage Corporation | 0.01% | 1.25% | |
| Open Mortgage | 0.02% | 0.62% | |
| Cardinal Financial Company | 0.02% | 5.00% | |
| Mid America Mortgage | 0.02% | 1.25% | |
| New American Funding | 0.02% | 1.25% | |
| Academy Mortgage Corporation Utah | 0.03% | 1.25% | |
| loanDepot | 0.05% | 6.88% | |
| Mr. Cooper | 0.10% | 10.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.01% | 50.00% | |
| MidWestOne Bank | 0.00% | 6.25% | |
| HillsBank.com | 0.00% | 3.12% | |
| Wells Fargo Bank | 0.00% | 3.12% | |
| GreenState Credit Union | 0.00% | 21.88% | |
| Bankers Trust | 0.00% | 6.25% | |
| Home Point Financial Corporation | 0.01% | 3.12% | |
| CBI Bank & Trust | 0.01% | 3.12% | |
| Waterstone Mortgage Corporation | 0.01% | 3.12% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.01% | 50.00% | |
| GreenState Credit Union | 0.01% | 25.00% | |
| HillsBank.com | 0.01% | 8.33% | |
| Wells Fargo Bank | 0.01% | 8.33% | |
| Waterstone Mortgage Corporation | 0.02% | 8.33% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| US Bank | -0.00% | 50.00% | |
| MidWestOne Bank | 0.00% | 10.00% | |
| Bankers Trust | 0.00% | 10.00% | |
| GreenState Credit Union | 0.00% | 20.00% | |
| Home Point Financial Corporation | 0.01% | 5.00% | |
| CBI Bank & Trust | 0.01% | 5.00% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| GreenState Credit Union | -0.14% | 25.20% | |
| Veridian Credit Union | -0.06% | 7.46% | |
| Residential Mortgage Network | -0.03% | 19.15% | |
| Collins Community Credit Union | -0.01% | 3.43% | |
| BankIowa | 0.01% | 3.02% | |
| Home Point Financial Corporation | 0.03% | 5.24% | |
| Iowa Bankers Mortgage Corporation | 0.03% | 4.03% | |
| Wells Fargo Bank | 0.06% | 1.41% | |
| Universal Lending Corporation | 0.07% | 0.60% | |
| Mid America Mortgage | 0.07% | 0.40% | |
| HomeServices Lending | 0.07% | 0.60% | |
| Waterstone Mortgage Corporation | 0.07% | 0.40% | |
| New American Funding | 0.08% | 0.40% | |
| Carrington Mortgage Services | 0.09% | 1.01% | |
| Guild Mortgage Company | 0.09% | 1.81% | |
| loanDepot | 0.10% | 2.42% | |
| Ruhl Mortgage | 0.10% | 1.81% | |
| Academy Mortgage Corporation Utah | 0.11% | 1.21% | |
| US Bank | 0.12% | 3.23% | |
| Open Mortgage | 0.13% | 0.81% | |
| Mr. Cooper | 0.14% | 1.21% | |
| USAA | 0.15% | 6.05% | |
| Quicken Loans | 0.15% | 6.85% | |
| Cardinal Financial Company | 0.17% | 2.22% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| GreenState Credit Union | -0.14% | 23.79% | |
| Veridian Credit Union | -0.07% | 8.36% | |
| Collins Community Credit Union | -0.02% | 4.18% | |
| Residential Mortgage Network | -0.00% | 20.58% | |
| BankIowa | 0.01% | 3.22% | |
| Iowa Bankers Mortgage Corporation | 0.03% | 4.82% | |
| Home Point Financial Corporation | 0.04% | 4.82% | |
| Quicken Loans | 0.05% | 1.29% | |
| Wells Fargo Bank | 0.06% | 2.25% | |
| Universal Lending Corporation | 0.06% | 0.32% | |
| Mid America Mortgage | 0.07% | 0.32% | |
| New American Funding | 0.07% | 0.32% | |
| HomeServices Lending | 0.07% | 0.96% | |
| Waterstone Mortgage Corporation | 0.07% | 0.64% | |
| Carrington Mortgage Services | 0.08% | 0.32% | |
| Mr. Cooper | 0.09% | 0.32% | |
| Guild Mortgage Company | 0.10% | 1.61% | |
| Ruhl Mortgage | 0.10% | 2.89% | |
| Academy Mortgage Corporation Utah | 0.11% | 1.61% | |
| US Bank | 0.12% | 4.82% | |
| Open Mortgage | 0.13% | 1.29% | |
| USAA | 0.17% | 8.04% | |
| Cardinal Financial Company | 0.18% | 3.22% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| GreenState Credit Union | -0.13% | 27.57% | |
| Residential Mortgage Network | -0.07% | 16.76% | |
| Veridian Credit Union | -0.03% | 5.95% | |
| BankIowa | 0.01% | 2.70% | |
| Home Point Financial Corporation | 0.01% | 5.95% | |
| Collins Community Credit Union | 0.03% | 2.16% | |
| Iowa Bankers Mortgage Corporation | 0.04% | 2.70% | |
| USAA | 0.07% | 2.70% | |
| Mid America Mortgage | 0.07% | 0.54% | |
| Universal Lending Corporation | 0.07% | 1.08% | |
| US Bank | 0.07% | 0.54% | |
| Guild Mortgage Company | 0.08% | 2.16% | |
| Academy Mortgage Corporation Utah | 0.08% | 0.54% | |
| New American Funding | 0.08% | 0.54% | |
| Cardinal Financial Company | 0.09% | 0.54% | |
| Carrington Mortgage Services | 0.09% | 2.16% | |
| loanDepot | 0.10% | 6.49% | |
| Mr. Cooper | 0.15% | 2.70% | |
| Quicken Loans | 0.17% | 16.22% |
* Data is compiled for the Cedar Rapids, IA commuting zone area, which comprises of counties of Benton County, IA, Cedar County, IA, Iowa County, IA, Johnson County, IA, Jones County, IA, Linn County, IA, Louisa County, IA, Muscatine County, IA, and Washington County, IA. This includes cities/towns/communities of Cedar Rapids, IA as well as Iowa City, IA, Marion, IA, Coralville, IA, Oxford, IA, North Liberty, IA, Muscatine, IA, West Branch, IA, Fairfax, IA, Riverside, IA, Anamosa, IA, Robins, IA, Washington, IA, Wilton, IA, Swisher, IA, Mount Vernon, IA, Newhall, IA, Walker, IA, Williamsburg, IA, Hills, IA, Brighton, IA, Nichols, IA, Hiawatha, IA, Stanwood, IA, Vinton, IA, Alburnett, IA, Tipton, IA, Middle Amana, IA, Urbana, IA, Shellsburg, IA, Monticello, IA, Durant, IA, Springville, IA, Bertram, IA, Bennett, IA, Coggon, IA, Belle Plaine, IA, Cascade, IA, Victor, IA, Luzerne, IA, Ladora, IA, Cotter, IA, Clarence, IA, Fruitland, IA, Van Horne, IA, Grandview, IA, Ainsworth, IA, Morning Sun, IA, and Wyoming, IA. Lenders must have made at least 30 loans in the area to be included. Source of the data is 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 conditional on the commuting zone, 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.
Mortgage Lender Rankings in Other Cities
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