Safe Rate Rankings

Best FHA 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	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	GREENSTATE Credit UnionCredit Union	Exceptional	Exceptional	Exceptional	Exceptional	Exceptional	$623Fees	0.295%Below	953
2	RESIDENTIAL MORTGAGE NETWORK, INC.Independent Mortgage Company	Exceptional	Strong	Strong	Exceptional	Exceptional	$1,171Fees	0.066%Below	139
3	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Exceptional	Sound	Exceptional	Exceptional	Strong	$1,471Fees	0.622%Above	197
4	FLAT BRANCH MORTGAGE, INC.Independent Mortgage Company	Exceptional	Sound	Exceptional	Exceptional	Strong	$1,936Fees	0.280%Above	120
5	FREEDOM MORTGAGE CORPORATIONIndependent Mortgage Company	Exceptional	Strong	Exceptional	Strong	Sound	$3,202Fees	1.115%Above	14
6	TOWNE MORTGAGE COMPANYIndependent Mortgage Company	Strong	Sound	Exceptional	Exceptional	Sound	$3,191Fees	0.716%Above	11
7	PENNYMAC LOAN SERVICES, LLCIndependent Mortgage Company	Strong	Strong	Exceptional	Sound	Sound	$1,837Fees	0.189%Above	11
8	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Strong	$3,452Fees	0.440%Above	122
9	LOANDEPOT.COM, LLCIndependent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$3,504Fees	0.213%Above	22
10	MLD MORTGAGE INC.Independent Mortgage Company	Strong	Sound	Exceptional	Strong	Sound	$2,803Fees	0.779%Above	21
11	HOMESERVICES LENDING, LLCIndependent Mortgage Company	Strong	Sound	Strong	Exceptional	Sound	$2,277Fees	0.213%Above	16
12	IOWA BANKERS MORTGAGE CORPORATIONIndependent Mortgage Company	Strong	Sound	Strong	Sound	Strong	$826Fees	0.200%Below	80
13	Waterstone Mortgage CorporationIndependent Mortgage Company	Strong	Mediocre	Exceptional	Exceptional	Sound	$4,572Fees	0.320%Above	34
14	GUILD MORTGAGE COMPANY LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Strong	Acceptable	$2,644Fees	0.668%Above	10
15	NEW AMERICAN FUNDING, LLCIndependent Mortgage Company	Sound	Mediocre	Exceptional	Sound	Strong	$3,036Fees	0.660%Above	107
16	PRIMARY RESIDENTIAL MORTGAGE, INC.Independent Mortgage Company	Sound	Mediocre	Exceptional	Strong	Sound	$3,366Fees	1.070%Above	21
17	NATIONSTAR MORTGAGE LLCIndependent Mortgage Company	Sound	Mediocre	Exceptional	Strong	Sound	$2,124Fees	0.292%Above	15

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 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

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.