Which mortgage lender in the Sioux City, 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 Sioux City, 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 Sioux City, IA area in terms of interest rate is Iowa Bankers Mortgage Corporation, with an average “Rate Difference” of -0.12%. This means that, comparing similar borrowers, Iowa Bankers Mortgage Corporation provided a -0.12% lower interest rate for its customers than other lenders in the area. Iowa Bankers Mortgage Corporation has a market share of 14.0%. On the other hand, the most popular lender in the Sioux City, IA area is Northwest Bank IA, with a larger market share of 14.5%. Northwest Bank IA is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.05% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Sioux City, 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 Sioux City, IA is Iowa Bankers Mortgage Corporation. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Flagstar Bank. The cheapest VA mortgage provider is Great Southern Bank. 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 Sioux City, IA
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Iowa Bankers Mortgage Corporation | -0.12% | 14.04% | |
| First Dakota National Bank | -0.08% | 2.89% | |
| Northwest Bank IA | -0.05% | 14.53% | |
| Central Bank | -0.01% | 11.96% | |
| Wells Fargo Bank | 0.01% | 12.89% | |
| US Bank | 0.01% | 6.34% | |
| Flagstar Bank | 0.01% | 4.31% | |
| Great Southern Bank | 0.02% | 4.37% | |
| Carrington Mortgage Services | 0.04% | 1.69% | |
| Plains Commerce Bank | 0.04% | 5.79% | |
| loanDepot | 0.05% | 1.69% | |
| Home Point Financial Corporation | 0.05% | 7.97% | |
| Quicken Loans | 0.15% | 11.52% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Iowa Bankers Mortgage Corporation | -0.06% | 13.87% | |
| Northwest Bank IA | -0.03% | 14.05% | |
| Wells Fargo Bank | -0.03% | 16.50% | |
| First Dakota National Bank | -0.03% | 2.54% | |
| US Bank | -0.00% | 7.62% | |
| Central Bank | 0.00% | 12.15% | |
| Flagstar Bank | 0.02% | 6.07% | |
| Carrington Mortgage Services | 0.03% | 0.73% | |
| loanDepot | 0.03% | 0.27% | |
| Plains Commerce Bank | 0.04% | 6.26% | |
| Great Southern Bank | 0.04% | 5.08% | |
| Home Point Financial Corporation | 0.06% | 10.24% | |
| Quicken Loans | 0.11% | 4.62% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Iowa Bankers Mortgage Corporation | -0.22% | 14.29% | |
| First Dakota National Bank | -0.14% | 3.43% | |
| Northwest Bank IA | -0.08% | 15.25% | |
| Central Bank | -0.04% | 11.68% | |
| Great Southern Bank | -0.03% | 3.30% | |
| Flagstar Bank | 0.02% | 1.65% | |
| Home Point Financial Corporation | 0.03% | 4.53% | |
| Carrington Mortgage Services | 0.04% | 3.16% | |
| loanDepot | 0.04% | 3.85% | |
| Plains Commerce Bank | 0.05% | 5.08% | |
| US Bank | 0.05% | 4.40% | |
| Wells Fargo Bank | 0.15% | 7.42% | |
| Quicken Loans | 0.16% | 21.98% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Iowa Bankers Mortgage Corporation | -0.13% | 16.44% | |
| First Dakota National Bank | -0.09% | 3.22% | |
| Northwest Bank IA | -0.06% | 16.17% | |
| Central Bank | -0.01% | 14.70% | |
| Wells Fargo Bank | 0.01% | 14.97% | |
| US Bank | 0.01% | 6.91% | |
| Carrington Mortgage Services | 0.02% | 0.54% | |
| Great Southern Bank | 0.03% | 4.36% | |
| Plains Commerce Bank | 0.04% | 5.17% | |
| loanDepot | 0.06% | 0.74% | |
| Home Point Financial Corporation | 0.08% | 5.84% | |
| Flagstar Bank | 0.09% | 2.89% | |
| Quicken Loans | 0.26% | 8.05% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Iowa Bankers Mortgage Corporation | -0.06% | 15.86% | |
| Northwest Bank IA | -0.03% | 15.07% | |
| First Dakota National Bank | -0.03% | 2.70% | |
| Wells Fargo Bank | -0.03% | 19.12% | |
| US Bank | -0.00% | 8.32% | |
| Central Bank | 0.01% | 15.07% | |
| loanDepot | 0.02% | 0.11% | |
| Plains Commerce Bank | 0.04% | 4.84% | |
| Great Southern Bank | 0.06% | 4.95% | |
| Home Point Financial Corporation | 0.10% | 7.20% | |
| Flagstar Bank | 0.11% | 3.82% | |
| Quicken Loans | 0.12% | 2.92% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Iowa Bankers Mortgage Corporation | -0.22% | 17.30% | |
| First Dakota National Bank | -0.15% | 3.99% | |
| Northwest Bank IA | -0.09% | 17.80% | |
| Central Bank | -0.05% | 14.14% | |
| Great Southern Bank | -0.03% | 3.49% | |
| Carrington Mortgage Services | 0.01% | 1.33% | |
| Flagstar Bank | 0.02% | 1.50% | |
| Home Point Financial Corporation | 0.04% | 3.83% | |
| Plains Commerce Bank | 0.05% | 5.66% | |
| US Bank | 0.06% | 4.83% | |
| loanDepot | 0.06% | 1.66% | |
| Wells Fargo Bank | 0.15% | 8.82% | |
| Quicken Loans | 0.29% | 15.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.10% | 11.30% | |
| Iowa Bankers Mortgage Corporation | -0.06% | 3.91% | |
| Great Southern Bank | -0.02% | 2.61% | |
| Quicken Loans | -0.01% | 30.43% | |
| First Dakota National Bank | 0.00% | 0.87% | |
| Northwest Bank IA | 0.01% | 8.26% | |
| Home Point Financial Corporation | 0.02% | 17.39% | |
| US Bank | 0.03% | 3.04% | |
| Plains Commerce Bank | 0.04% | 7.39% | |
| Wells Fargo Bank | 0.05% | 0.87% | |
| Carrington Mortgage Services | 0.06% | 9.57% | |
| loanDepot | 0.07% | 4.35% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Flagstar Bank | -0.11% | 17.69% | |
| Iowa Bankers Mortgage Corporation | -0.07% | 6.12% | |
| Great Southern Bank | -0.02% | 4.08% | |
| First Dakota National Bank | -0.00% | 1.36% | |
| Northwest Bank IA | 0.00% | 11.56% | |
| Home Point Financial Corporation | 0.01% | 25.17% | |
| Carrington Mortgage Services | 0.03% | 5.44% | |
| US Bank | 0.03% | 3.40% | |
| loanDepot | 0.04% | 1.36% | |
| Plains Commerce Bank | 0.04% | 10.20% | |
| Wells Fargo Bank | 0.05% | 1.36% | |
| Quicken Loans | 0.10% | 12.24% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Quicken Loans | -0.04% | 62.65% | |
| Home Point Financial Corporation | 0.02% | 3.61% | |
| Northwest Bank IA | 0.02% | 2.41% | |
| US Bank | 0.03% | 2.41% | |
| Plains Commerce Bank | 0.03% | 2.41% | |
| Carrington Mortgage Services | 0.08% | 16.87% | |
| loanDepot | 0.09% | 9.64% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Great Southern Bank | -0.06% | 8.11% | |
| Iowa Bankers Mortgage Corporation | -0.04% | 2.70% | |
| Home Point Financial Corporation | -0.03% | 17.12% | |
| US Bank | -0.02% | 5.41% | |
| Flagstar Bank | -0.02% | 9.01% | |
| Wells Fargo Bank | -0.02% | 9.91% | |
| Northwest Bank IA | -0.01% | 5.41% | |
| loanDepot | -0.01% | 9.01% | |
| First Dakota National Bank | 0.00% | 2.70% | |
| Carrington Mortgage Services | 0.02% | 0.90% | |
| Plains Commerce Bank | 0.02% | 10.81% | |
| Quicken Loans | 0.07% | 18.92% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Great Southern Bank | -0.05% | 8.96% | |
| Home Point Financial Corporation | -0.03% | 17.91% | |
| Iowa Bankers Mortgage Corporation | -0.03% | 4.48% | |
| US Bank | -0.01% | 7.46% | |
| Wells Fargo Bank | -0.01% | 14.93% | |
| Flagstar Bank | -0.01% | 10.45% | |
| Northwest Bank IA | 0.01% | 5.97% | |
| First Dakota National Bank | 0.02% | 2.99% | |
| Plains Commerce Bank | 0.03% | 16.42% | |
| Quicken Loans | 0.06% | 10.45% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Great Southern Bank | -0.07% | 6.82% | |
| Northwest Bank IA | -0.04% | 4.55% | |
| Flagstar Bank | -0.04% | 6.82% | |
| US Bank | -0.03% | 2.27% | |
| Home Point Financial Corporation | -0.03% | 15.91% | |
| loanDepot | -0.02% | 22.73% | |
| Plains Commerce Bank | -0.02% | 2.27% | |
| Wells Fargo Bank | -0.02% | 2.27% | |
| First Dakota National Bank | -0.01% | 2.27% | |
| Carrington Mortgage Services | 0.00% | 2.27% | |
| Quicken Loans | 0.06% | 31.82% |
* Data is compiled for the Sioux City, IA commuting zone area, which comprises of counties of Monona County, IA, Plymouth County, IA, Woodbury County, IA, Dakota County, NE, Clay County, SD, and Union County, SD. This includes cities/towns/communities of Sioux City, IA as well as Dakota Dunes, SD, Le Mars, IA, Vermillion, SD, South Sioux City, NE, Hinton, IA, Elk Point, SD, Lawton, IA, Dakota City, NE, Beresford, SD, Craig, IA, Sloan, IA, Homer, NE, Wakonda, SD, Onawa, IA, Correctionville, IA, Whiting, IA, Struble, IA, Turin, IA, and Castana, 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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