The median interest rate borrowers actually received on originated loans, not the advertised rate. Product mix matters: a VA-heavy lender will look cheaper than a jumbo specialist.
| # | Lender | Grade | Median rate | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Community 1st Credit UnionOttumwa, IA | D | 1.00% | 1,389 | 12.5% | 1.00% |
| 2 | Dhi Mortgage CompanyArlington, TX | B | 5.38% | 991 | 10.5% | 5.38% |
| 3 | R.I.A. Federal Credit UnionBettendorf, IA | D | 5.75% | 205 | 20.0% | 5.75% |
| 4 | Financial Plus Credit UnionWest Des Moines, IA | A | 5.75% | 218 | 7.8% | 5.75% |
| 5 | Cedar Falls Community Credit UnionCedar Falls, IA | A | 5.88% | 294 | 5.1% | 5.88% |
| 6 | Fidelity Bank & TrustDubuque, IA | A | 5.95% | 772 | 3.4% | 5.95% |
| 7 | MidWestOne BankIowa City, IA | A | 6.00% | 1,488 | 15.4% | 6.00% |
| 8 | FirstHiawatha, IA | C | 6.00% | 189 | 9.0% | 6.00% |
| 9 | Du Trac Community Credit UnionDubuque, IA | A | 6.00% | 255 | 4.3% | 6.00% |
| 10 | Luana Savings BankLuana, IA | A | 6.13% | 706 | 2.7% | 6.13% |
| 11 | United Shore Financial ServicesPlymouth, MI | B | 6.13% | 1,950 | 11.5% | 6.13% |
| 12 | Community Choice Credit UnionJohnston, IA | B | 6.13% | 2,653 | 11.8% | 6.13% |
| 13 | Bank of AmericaCharlotte, NC | F | 6.24% | 395 | 35.7% | 6.24% |
| 14 | Siouxland Federal Credit UnionSouth Sioux City, NE | C | 6.25% | 174 | 18.4% | 6.25% |
| 15 | USAA Federal Savings BankPhoenix, AZ | C | 6.25% | 203 | 28.1% | 6.25% |
| 16 | I. H. Mississippi Valley Credit UnionMoline, IL | B | 6.25% | 434 | 9.9% | 6.25% |
| 17 | Ruhl MortgageMoline, IL | A | 6.25% | 486 | 0.6% | 6.25% |
| 18 | Freedom MortgageBoca Raton, FL | B | 6.25% | 919 | 14.7% | 6.25% |
| 19 | NewrezWilmington, DE | D | 6.25% | 939 | 20.2% | 6.25% |
| 20 | Mortgage Research CenterColumbia, MO | C | 6.25% | 1,857 | 18.1% | 6.25% |
| 21 | Hills Bank and TrustHills, IA | A | 6.25% | 3,434 | 6.1% | 6.25% |
| 22 | Truist BankCharlotte, NC | C | 6.38% | 139 | 8.6% | 6.38% |
| 23 | JPMorgan Chase BankColumbus, OH | B | 6.38% | 328 | 10.1% | 6.38% |
| 24 | Navy Federal Credit UnionVienna, VA | D | 6.38% | 496 | 20.0% | 6.38% |
| 25 | West Gate BankLincoln, NE | A | 6.38% | 501 | 3.4% | 6.38% |
| 26 | Gershman InvestmentChesterfield, MO | B | 6.38% | 516 | 4.5% | 6.38% |
| 27 | Bankers TrustDes Moines, IA | B | 6.38% | 734 | 8.0% | 6.38% |
| 28 | Northwest BankSpencer, IA | A | 6.38% | 2,181 | 5.7% | 6.38% |
| 29 | Greater Iowa Credit UnionAmes, IA | D | 6.49% | 875 | 17.5% | 6.49% |
| 30 | Empeople Credit UnionMoline, IL | C | 6.49% | 1,057 | 14.2% | 6.49% |
| 31 | Veridian Credit UnionWaterloo, IA | B | 6.49% | 8,725 | 8.9% | 6.49% |
| 32 | Mutual of Omaha MortgageSan Diego, CA | C | 6.50% | 353 | 23.2% | 6.50% |
| 33 | Pennymac Loan ServicesWestlake Village, CA | C | 6.50% | 1,281 | 13.5% | 6.50% |
| 34 | BankWapello, IA | C | 6.50% | 197 | 12.7% | 6.50% |
| 35 | Charter West BankWest Point, NE | C | 6.50% | 296 | 6.4% | 6.50% |
| 36 | CentrisOmaha, NE | B | 6.50% | 311 | 21.2% | 6.50% |
| 37 | Carrington Mortgage ServicesOrange, CA | D | 6.50% | 358 | 38.6% | 6.50% |
| 38 | Residential Mortgage NetworkIowa City, IA | A | 6.50% | 598 | 0.8% | 6.50% |
| 39 | ASCENTRA Credit UnionBettendorf, IA | C | 6.50% | 607 | 15.2% | 6.50% |
| 40 | Homeservices LendingUrbandale, IA | B | 6.50% | 639 | 2.8% | 6.50% |
| 41 | Wells Fargo BankCharlotte, NC | B | 6.50% | 864 | 12.9% | 6.50% |
| 42 | Guaranteed RateChicago, IL | B | 6.50% | 1,023 | 6.7% | 6.50% |
| 43 | Iowa Bankers MortgageJohnston, IA | B | 6.50% | 2,423 | 15.4% | 6.50% |
| 44 | GREENSTATE Credit UnionNorth Liberty, IA | B | 6.50% | 13,829 | 5.9% | 6.50% |
| 45 | MEMBERS1st Community Credit UnionMarshalltown, IA | B | 6.54% | 291 | 7.6% | 6.54% |
| 46 | Flat Branch MortgageColumbia, MO | A | 6.56% | 358 | 0.3% | 6.56% |
| 47 | Crosscountry MortgageCleveland, OH | B | 6.63% | 152 | 1.3% | 6.63% |
| 48 | Frontier FinancialChesterfield, MO | A | 6.63% | 175 | 0.0% | 6.63% |
| 49 | Farmers State BankMarion, IA | A | 6.63% | 193 | 6.2% | 6.63% |
| 50 | First Community MortgageMurfreesboro, TN | A | 6.63% | 201 | 7.5% | 6.63% |
Ordered by the median interest rate on originated loans, among lenders reporting rates on at least 100 loans. Some banks are exempt from HMDA pricing fields and cannot appear. All figures come from the lenders' own HMDA filings. Full methodology.
