Safe Rate Rankings

Best Mortgage Lenders in Cedar Rapids

Updated February 5, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders33

Total Loans3,315

Median Rate Spread0.12%

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Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	GREENSTATE Credit UnionCredit Union	Exceptional	Exceptional	Exceptional	Exceptional	$623Fees	0.295%Below	953
2	Hills Bank and Trust CompanyBank	Exceptional	Exceptional	Exceptional	Exceptional	$783Fees	0.297%Below	471
3	VERIDIAN CREDIT UNIONCredit Union	Exceptional	Exceptional	Exceptional	Exceptional	$415Fees	0.240%Below	204
4	IOWA BANKERS MORTGAGE CORPORATIONIndependent Mortgage Company	Exceptional	Exceptional	Exceptional	Strong	$826Fees	0.200%Below	80
5	DUPACO COMMUNITYCredit Union	Exceptional	Exceptional	Exceptional	Strong	$1,657Fees	0.217%Below	77
6	RESIDENTIAL MORTGAGE NETWORK, INC.Independent Mortgage Company	Exceptional	Strong	Exceptional	Exceptional	$1,171Fees	0.066%Below	139
7	LINN AREACredit Union	Exceptional	Exceptional	Strong	Strong	$592Fees	0.050%Below	100
8	Collins Community Credit UnionCredit Union	Exceptional	Strong	Strong	Exceptional	$771Fees	0.117%Below	152
9	MidWestOne BankBank	Strong	Strong	Exceptional	Sound	$653Fees	0.074%Below	21
10	NAVY FEDERAL CREDIT UNIONCredit Union	Strong	Exceptional	Sound	Sound	$430Fees	0.746%Below	20
11	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Strong	$1,471Fees	0.622%Above	197
12	FLAT BRANCH MORTGAGE, INC.Independent Mortgage Company	Strong	Sound	Exceptional	Strong	$1,936Fees	0.280%Above	120
13	Farmers State BankBank	Strong	Strong	Sound	Strong	$947Fees	0.608%Below	90
14	U.S. Bank National AssociationBank	Strong	Strong	Strong	Sound	$585Fees	0.202%Above	55
15	Wells Fargo Bank, National AssociationBank	Strong	Strong	Sound	Sound	$1,619Fees	0.248%Above	31
16	MLD MORTGAGE INC.Independent Mortgage Company	Strong	Sound	Exceptional	Sound	$2,803Fees	0.779%Above	21
17	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	$3,452Fees	0.440%Above	122
18	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Strong	Sound	$3,504Fees	0.213%Above	22
19	NEW AMERICAN FUNDING, LLCIndependent Mortgage Company	Sound	Acceptable	Sound	Strong	$3,036Fees	0.660%Above	107
20	Mortgage Research Center, LLCIndependent Mortgage Company	Sound	Acceptable	Strong	Sound	$1,253Fees	0.766%Above	50
21	Waterstone Mortgage CorporationIndependent Mortgage Company	Sound	Mediocre	Strong	Sound	$4,572Fees	0.320%Above	34
22	COMMUNITY 1ST CREDIT UNIONCredit Union	Sound	Mediocre	Strong	Sound	$268Fees	0.361%Above	25
23	PRIMARY RESIDENTIAL MORTGAGE, INC.Independent Mortgage Company	Sound	Mediocre	Strong	Sound	$3,366Fees	1.070%Above	21

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Place

Local market expertise (33%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.