Who has the best mortgage rates in Iowa?
I’m looking for a primary, single-family home in for , and credit score.
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders with low rates in IA
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only a few lenders likely to get you a good deal.
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Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders in IA likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 30 lenders and found that these lenders are likely to offer you a high rate.
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Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson TrueRate Data ScientistLenders with average rates in IA
You deserve better than what these lenders historically provide.
Sorry, no lenders were found.
Methodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernan Tomo Mortgage Loan Advisor - NMLS #337556TrueRate report
See how mortgage companies got home buyers to over-pay by billions.
Get the reportMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Iowa is proving to be a solid choice for homebuyers
With rates heading downward, now’s the time to jump on the opportunity to lock in a better deal on your mortgage and make homeownership more affordable.
One of the best things about buying in Iowa is the balance of affordability and quality of life. Cities like Des Moines and Cedar Rapids are growing, with more job opportunities and thriving local communities, yet they remain far more affordable than bigger metro areas in other states. You can get more space, a great yard, and a comfortable home without the hefty price tag you’d expect in larger markets. Plus, with improving rates, your monthly payments won’t feel as steep.
If you’re looking beyond the bigger cities, Iowa’s small towns and rural areas are full of charm and even better deals. Whether you want to live in a quaint town with a strong sense of community or in a more secluded spot with lots of land, Iowa’s housing market gives you plenty of flexibility. And the slower pace of life is a huge draw for those who want more peace and quiet without sacrificing amenities.
First-time buyers in Iowa also have access to a number of helpful programs that can make the process easier, whether it’s help with a down payment or finding favorable loan terms. Iowa is a great state for homebuyers looking to maximize their budget and find a home that fits their lifestyle.