Top Mortgage Lenders in Cedar Rapids, IA

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

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
HillsBank.com-0.11%(4.0)15.37%
Veridian Credit Union-0.10%(4.0)3.99%
Collins Community Credit Union-0.07%(4.0)11.81%
MidWestOne Bank-0.06%(4.0)1.77%
BankIowa-0.03%(3.5)1.31%
Ruhl Mortgage-0.02%(3.5)1.39%
Dupaco Community Credit Union-0.02%(3.5)1.86%
Ascentra Credit Union-0.02%(3.5)0.51%
GreenState Credit Union-0.01%(3.5)32.66%
Residential Mortgage Network-0.01%(3.5)3.04%
Home Point Financial Corporation-0.01%(3.5)0.58%
Iowa Bankers Mortgage Corporation-0.00%(3.5)5.39%
Universal Lending Corporation-0.00%(3.5)0.55%
Carrington Mortgage Services0.05%(3.5)0.42%
HomeServices Lending0.05%(3.5)0.37%
Fidelity Bank & Trust0.05%(3.0)0.40%
Academy Mortgage Corporation Utah0.07%(3.0)0.60%
Guild Mortgage Company0.08%(3.0)0.78%
Mid America Mortgage0.08%(3.0)0.39%
Bankers Trust0.09%(3.0)0.53%
loanDepot0.10%(3.0)0.50%
USAA0.12%(3.0)0.47%
Waterstone Mortgage Corporation0.13%(3.0)0.82%
Open Mortgage0.14%(3.0)0.39%
New American Funding0.15%(3.0)0.72%
Mr. Cooper0.18%(2.5)0.48%
CBI Bank & Trust0.18%(2.5)2.16%
US Bank0.21%(2.5)3.30%
Cardinal Financial Company0.21%(2.5)1.10%
Quicken Loans0.24%(2.5)3.77%
Wells Fargo Bank0.29%(2.0)2.57%
Lender NameRate DifferenceRate RatingMarket Share
HillsBank.com-0.11%(4.0)15.84%
Veridian Credit Union-0.10%(4.0)5.23%
Collins Community Credit Union-0.03%(3.5)10.41%
Dupaco Community Credit Union-0.03%(3.5)2.17%
Ruhl Mortgage-0.02%(3.5)2.32%
BankIowa-0.02%(3.5)1.36%
GreenState Credit Union-0.01%(3.5)30.16%
Home Point Financial Corporation-0.01%(3.5)0.79%
Ascentra Credit Union-0.01%(3.5)0.44%
Universal Lending Corporation-0.01%(3.5)0.63%
Residential Mortgage Network-0.01%(3.5)4.07%
MidWestOne Bank0.02%(3.5)1.25%
HomeServices Lending0.05%(3.5)0.70%
Fidelity Bank & Trust0.06%(3.0)0.28%
Carrington Mortgage Services0.06%(3.0)0.02%
loanDepot0.06%(3.0)0.11%
Iowa Bankers Mortgage Corporation0.06%(3.0)5.07%
Academy Mortgage Corporation Utah0.07%(3.0)1.01%
Bankers Trust0.08%(3.0)0.37%
Guild Mortgage Company0.09%(3.0)1.09%
Mid America Mortgage0.09%(3.0)0.66%
Quicken Loans0.12%(3.0)2.08%
Wells Fargo Bank0.12%(3.0)2.36%
USAA0.13%(3.0)0.77%
Waterstone Mortgage Corporation0.14%(3.0)1.31%
Mr. Cooper0.15%(3.0)0.20%
US Bank0.15%(3.0)3.67%
Open Mortgage0.15%(2.5)0.66%
New American Funding0.16%(2.5)1.20%
CBI Bank & Trust0.22%(2.5)2.01%
Cardinal Financial Company0.23%(2.5)1.77%
Lender NameRate DifferenceRate RatingMarket Share
Veridian Credit Union-0.11%(4.0)2.58%
HillsBank.com-0.11%(4.0)14.85%
MidWestOne Bank-0.11%(4.0)2.38%
Collins Community Credit Union-0.10%(4.0)13.42%
Iowa Bankers Mortgage Corporation-0.07%(4.0)5.76%
BankIowa-0.05%(3.5)1.25%
Ascentra Credit Union-0.03%(3.5)0.60%
Residential Mortgage Network-0.02%(3.5)1.85%
GreenState Credit Union-0.02%(3.5)35.53%
Dupaco Community Credit Union-0.01%(3.5)1.50%
Home Point Financial Corporation-0.00%(3.5)0.35%
Ruhl Mortgage-0.00%(3.5)0.33%
Universal Lending Corporation0.01%(3.5)0.45%
USAA0.04%(3.5)0.13%
Mid America Mortgage0.05%(3.5)0.08%
Carrington Mortgage Services0.05%(3.5)0.88%
Open Mortgage0.05%(3.5)0.08%
Guild Mortgage Company0.05%(3.5)0.43%
Fidelity Bank & Trust0.05%(3.0)0.53%
Cardinal Financial Company0.06%(3.0)0.33%
Academy Mortgage Corporation Utah0.06%(3.0)0.13%
New American Funding0.07%(3.0)0.18%
Waterstone Mortgage Corporation0.08%(3.0)0.25%
Bankers Trust0.10%(3.0)0.70%
loanDepot0.11%(3.0)0.95%
CBI Bank & Trust0.14%(3.0)2.33%
Mr. Cooper0.18%(2.5)0.80%
Quicken Loans0.29%(2.0)5.71%
US Bank0.30%(2.0)2.88%
Wells Fargo Bank0.45%(1.0)2.80%
Lender NameRate DifferenceRate RatingMarket Share
HillsBank.com-0.11%(4.0)17.59%
Veridian Credit Union-0.10%(4.0)4.08%
Collins Community Credit Union-0.07%(4.0)13.30%
MidWestOne Bank-0.06%(4.0)2.01%
BankIowa-0.03%(3.5)1.18%
Dupaco Community Credit Union-0.02%(3.5)2.13%
Ascentra Credit Union-0.02%(3.5)0.59%
GreenState Credit Union-0.01%(3.5)35.64%
Iowa Bankers Mortgage Corporation-0.00%(3.5)5.84%
Ruhl Mortgage0.01%(3.5)1.08%
Home Point Financial Corporation0.03%(3.5)0.07%
HomeServices Lending0.05%(3.5)0.35%
Fidelity Bank & Trust0.06%(3.0)0.45%
Carrington Mortgage Services0.07%(3.0)0.15%
Residential Mortgage Network0.08%(3.0)1.58%
Bankers Trust0.10%(3.0)0.57%
Universal Lending Corporation0.10%(3.0)0.12%
Open Mortgage0.10%(3.0)0.11%
USAA0.11%(3.0)0.13%
Guild Mortgage Company0.13%(3.0)0.47%
loanDepot0.14%(3.0)0.27%
Academy Mortgage Corporation Utah0.17%(2.5)0.19%
New American Funding0.17%(2.5)0.24%
Waterstone Mortgage Corporation0.18%(2.5)0.51%
CBI Bank & Trust0.18%(2.5)2.46%
Cardinal Financial Company0.19%(2.5)0.33%
US Bank0.24%(2.5)3.22%
Mr. Cooper0.27%(2.0)0.16%
Wells Fargo Bank0.30%(2.0)2.83%
Quicken Loans0.43%(1.5)2.35%
Lender NameRate DifferenceRate RatingMarket Share
HillsBank.com-0.11%(4.0)18.77%
Veridian Credit Union-0.10%(4.0)5.53%
Collins Community Credit Union-0.03%(3.5)12.02%
Dupaco Community Credit Union-0.03%(3.5)2.57%
Ascentra Credit Union-0.01%(3.5)0.52%
BankIowa-0.00%(3.5)1.14%
GreenState Credit Union-0.00%(3.5)33.81%
Ruhl Mortgage0.01%(3.5)1.77%
MidWestOne Bank0.02%(3.5)1.48%
Home Point Financial Corporation0.03%(3.5)0.10%
Mr. Cooper0.04%(3.5)0.03%
HomeServices Lending0.05%(3.0)0.68%
Fidelity Bank & Trust0.06%(3.0)0.34%
loanDepot0.06%(3.0)0.13%
Iowa Bankers Mortgage Corporation0.07%(3.0)5.53%
Bankers Trust0.09%(3.0)0.44%
Residential Mortgage Network0.10%(3.0)2.10%
USAA0.11%(3.0)0.26%
Universal Lending Corporation0.12%(3.0)0.16%
Open Mortgage0.12%(3.0)0.16%
Wells Fargo Bank0.13%(3.0)2.60%
Guild Mortgage Company0.14%(3.0)0.70%
US Bank0.17%(2.5)3.58%
Academy Mortgage Corporation Utah0.18%(2.5)0.31%
Waterstone Mortgage Corporation0.20%(2.5)0.78%
New American Funding0.20%(2.5)0.36%
Cardinal Financial Company0.21%(2.5)0.55%
CBI Bank & Trust0.22%(2.5)2.39%
Quicken Loans0.28%(2.0)1.19%
Lender NameRate DifferenceRate RatingMarket Share
Veridian Credit Union-0.12%(4.0)2.54%
HillsBank.com-0.11%(4.0)16.34%
MidWestOne Bank-0.11%(4.0)2.56%
Collins Community Credit Union-0.10%(4.0)14.66%
Iowa Bankers Mortgage Corporation-0.07%(4.0)6.17%
BankIowa-0.05%(3.5)1.21%
Ascentra Credit Union-0.03%(3.5)0.66%
GreenState Credit Union-0.01%(3.5)37.59%
Dupaco Community Credit Union-0.01%(3.5)1.65%
Ruhl Mortgage-0.00%(3.5)0.36%
Residential Mortgage Network0.03%(3.5)1.02%
Home Point Financial Corporation0.04%(3.5)0.03%
Open Mortgage0.05%(3.5)0.06%
Fidelity Bank & Trust0.05%(3.0)0.58%
Universal Lending Corporation0.06%(3.0)0.08%
Guild Mortgage Company0.07%(3.0)0.22%
Carrington Mortgage Services0.07%(3.0)0.30%
Academy Mortgage Corporation Utah0.07%(3.0)0.06%
New American Funding0.08%(3.0)0.11%
Cardinal Financial Company0.08%(3.0)0.11%
Waterstone Mortgage Corporation0.10%(3.0)0.22%
Bankers Trust0.10%(3.0)0.72%
CBI Bank & Trust0.15%(3.0)2.54%
loanDepot0.16%(2.5)0.41%
Mr. Cooper0.29%(2.0)0.30%
US Bank0.33%(2.0)2.84%
Wells Fargo Bank0.45%(1.0)3.09%
Quicken Loans0.48%(1.0)3.58%
Lender NameRate DifferenceRate RatingMarket Share
Residential Mortgage Network-0.18%(4.5)8.42%
Ruhl Mortgage-0.17%(4.5)5.20%
BankIowa-0.16%(4.5)1.61%
US Bank-0.08%(4.0)1.79%
Home Point Financial Corporation-0.07%(4.0)3.23%
Universal Lending Corporation-0.06%(4.0)6.27%
Quicken Loans-0.04%(3.5)20.25%
Iowa Bankers Mortgage Corporation-0.03%(3.5)0.90%
Guild Mortgage Company-0.02%(3.5)4.12%
Academy Mortgage Corporation Utah-0.01%(3.5)5.56%
Carrington Mortgage Services-0.00%(3.5)3.58%
HomeServices Lending0.01%(3.5)0.54%
Waterstone Mortgage Corporation0.04%(3.5)5.20%
loanDepot0.04%(3.5)1.97%
Mid America Mortgage0.06%(3.0)5.56%
New American Funding0.11%(3.0)7.53%
Mr. Cooper0.11%(3.0)4.12%
Open Mortgage0.14%(3.0)3.76%
Cardinal Financial Company0.20%(2.5)10.39%
Lender NameRate DifferenceRate RatingMarket Share
Residential Mortgage Network-0.21%(4.5)10.30%
BankIowa-0.18%(4.5)2.01%
Ruhl Mortgage-0.17%(4.5)7.29%
US Bank-0.09%(4.0)2.26%
Universal Lending Corporation-0.08%(4.0)5.53%
Home Point Financial Corporation-0.07%(4.0)4.27%
Quicken Loans-0.06%(4.0)11.31%
Iowa Bankers Mortgage Corporation-0.04%(3.5)1.01%
Guild Mortgage Company-0.02%(3.5)4.52%
Academy Mortgage Corporation Utah-0.01%(3.5)7.29%
HomeServices Lending0.01%(3.5)0.75%
Waterstone Mortgage Corporation0.05%(3.5)6.78%
Mid America Mortgage0.06%(3.0)7.29%
New American Funding0.11%(3.0)10.05%
Mr. Cooper0.14%(3.0)1.76%
Open Mortgage0.14%(3.0)5.03%
Cardinal Financial Company0.22%(2.5)12.56%
Lender NameRate DifferenceRate RatingMarket Share
Universal Lending Corporation-0.04%(3.5)8.12%
Quicken Loans-0.03%(3.5)42.50%
BankIowa-0.01%(3.5)0.62%
Residential Mortgage Network-0.01%(3.5)3.75%
Guild Mortgage Company-0.01%(3.5)3.12%
Iowa Bankers Mortgage Corporation-0.01%(3.5)0.62%
Home Point Financial Corporation-0.00%(3.5)0.62%
US Bank-0.00%(3.5)0.62%
Carrington Mortgage Services-0.00%(3.5)12.50%
Waterstone Mortgage Corporation0.01%(3.5)1.25%
Open Mortgage0.02%(3.5)0.62%
Cardinal Financial Company0.02%(3.5)5.00%
Mid America Mortgage0.02%(3.5)1.25%
New American Funding0.02%(3.5)1.25%
Academy Mortgage Corporation Utah0.03%(3.5)1.25%
loanDepot0.05%(3.5)6.88%
Mr. Cooper0.10%(3.0)10.00%
Lender NameRate DifferenceRate RatingMarket Share
US Bank-0.01%(3.5)50.00%
MidWestOne Bank0.00%(3.5)6.25%
HillsBank.com0.00%(3.5)3.12%
Wells Fargo Bank0.00%(3.5)3.12%
GreenState Credit Union0.00%(3.5)21.88%
Bankers Trust0.00%(3.5)6.25%
Home Point Financial Corporation0.01%(3.5)3.12%
CBI Bank & Trust0.01%(3.5)3.12%
Waterstone Mortgage Corporation0.01%(3.5)3.12%
Lender NameRate DifferenceRate RatingMarket Share
US Bank-0.01%(3.5)50.00%
GreenState Credit Union0.01%(3.5)25.00%
HillsBank.com0.01%(3.5)8.33%
Wells Fargo Bank0.01%(3.5)8.33%
Waterstone Mortgage Corporation0.02%(3.5)8.33%
Lender NameRate DifferenceRate RatingMarket Share
US Bank-0.00%(3.5)50.00%
MidWestOne Bank0.00%(3.5)10.00%
Bankers Trust0.00%(3.5)10.00%
GreenState Credit Union0.00%(3.5)20.00%
Home Point Financial Corporation0.01%(3.5)5.00%
CBI Bank & Trust0.01%(3.5)5.00%
Lender NameRate DifferenceRate RatingMarket Share
GreenState Credit Union-0.14%(4.0)25.20%
Veridian Credit Union-0.06%(4.0)7.46%
Residential Mortgage Network-0.03%(3.5)19.15%
Collins Community Credit Union-0.01%(3.5)3.43%
BankIowa0.01%(3.5)3.02%
Home Point Financial Corporation0.03%(3.5)5.24%
Iowa Bankers Mortgage Corporation0.03%(3.5)4.03%
Wells Fargo Bank0.06%(3.0)1.41%
Universal Lending Corporation0.07%(3.0)0.60%
Mid America Mortgage0.07%(3.0)0.40%
HomeServices Lending0.07%(3.0)0.60%
Waterstone Mortgage Corporation0.07%(3.0)0.40%
New American Funding0.08%(3.0)0.40%
Carrington Mortgage Services0.09%(3.0)1.01%
Guild Mortgage Company0.09%(3.0)1.81%
loanDepot0.10%(3.0)2.42%
Ruhl Mortgage0.10%(3.0)1.81%
Academy Mortgage Corporation Utah0.11%(3.0)1.21%
US Bank0.12%(3.0)3.23%
Open Mortgage0.13%(3.0)0.81%
Mr. Cooper0.14%(3.0)1.21%
USAA0.15%(2.5)6.05%
Quicken Loans0.15%(2.5)6.85%
Cardinal Financial Company0.17%(2.5)2.22%
Lender NameRate DifferenceRate RatingMarket Share
GreenState Credit Union-0.14%(4.0)23.79%
Veridian Credit Union-0.07%(4.0)8.36%
Collins Community Credit Union-0.02%(3.5)4.18%
Residential Mortgage Network-0.00%(3.5)20.58%
BankIowa0.01%(3.5)3.22%
Iowa Bankers Mortgage Corporation0.03%(3.5)4.82%
Home Point Financial Corporation0.04%(3.5)4.82%
Quicken Loans0.05%(3.5)1.29%
Wells Fargo Bank0.06%(3.0)2.25%
Universal Lending Corporation0.06%(3.0)0.32%
Mid America Mortgage0.07%(3.0)0.32%
New American Funding0.07%(3.0)0.32%
HomeServices Lending0.07%(3.0)0.96%
Waterstone Mortgage Corporation0.07%(3.0)0.64%
Carrington Mortgage Services0.08%(3.0)0.32%
Mr. Cooper0.09%(3.0)0.32%
Guild Mortgage Company0.10%(3.0)1.61%
Ruhl Mortgage0.10%(3.0)2.89%
Academy Mortgage Corporation Utah0.11%(3.0)1.61%
US Bank0.12%(3.0)4.82%
Open Mortgage0.13%(3.0)1.29%
USAA0.17%(2.5)8.04%
Cardinal Financial Company0.18%(2.5)3.22%
Lender NameRate DifferenceRate RatingMarket Share
GreenState Credit Union-0.13%(4.0)27.57%
Residential Mortgage Network-0.07%(4.0)16.76%
Veridian Credit Union-0.03%(3.5)5.95%
BankIowa0.01%(3.5)2.70%
Home Point Financial Corporation0.01%(3.5)5.95%
Collins Community Credit Union0.03%(3.5)2.16%
Iowa Bankers Mortgage Corporation0.04%(3.5)2.70%
USAA0.07%(3.0)2.70%
Mid America Mortgage0.07%(3.0)0.54%
Universal Lending Corporation0.07%(3.0)1.08%
US Bank0.07%(3.0)0.54%
Guild Mortgage Company0.08%(3.0)2.16%
Academy Mortgage Corporation Utah0.08%(3.0)0.54%
New American Funding0.08%(3.0)0.54%
Cardinal Financial Company0.09%(3.0)0.54%
Carrington Mortgage Services0.09%(3.0)2.16%
loanDepot0.10%(3.0)6.49%
Mr. Cooper0.15%(2.5)2.70%
Quicken Loans0.17%(2.5)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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