Safe Rate Rankings

Best Conventional Mortgage Lenders in Iowa City

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 Lenders18

Total Loans1,911

Median Rate Spread0.01%

Shopping for a mortgage? Click the heart icon to save lenders to My Home and make comparison painless.

Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	GREENSTATE Credit UnionCredit Union	Exceptional	Exceptional	Exceptional	Exceptional	Exceptional	$503Fees	0.308%Below	738
2	Hills Bank and Trust CompanyBank	Exceptional	Exceptional	Exceptional	Exceptional	Exceptional	$724Fees	0.311%Below	626
3	VERIDIAN CREDIT UNIONCredit Union	Exceptional	Exceptional	Exceptional	Exceptional	Strong	$441Fees	0.382%Below	55
4	IOWA BANKERS MORTGAGE CORPORATIONIndependent Mortgage Company	Exceptional	Exceptional	Exceptional	Exceptional	Sound	$1,186Fees	0.110%Below	26
5	RESIDENTIAL MORTGAGE NETWORK, INC.Independent Mortgage Company	Exceptional	Strong	Sound	Strong	Exceptional	$1,236Fees	0.087%Below	177
6	MidWestOne BankBank	Exceptional	Strong	Strong	Strong	Strong	$674Fees	0.025%Above	40
7	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Strong	Sound	$999Fees	0.167%Above	19
8	Wells Fargo Bank, National AssociationBank	Strong	Strong	Exceptional	Sound	Sound	$2,356Fees	0.114%Below	13
9	FLAT BRANCH MORTGAGE, INC.Independent Mortgage Company	Strong	Sound	Exceptional	Exceptional	Sound	$3,143Fees	0.268%Above	12
10	Collins Community Credit UnionCredit Union	Strong	Strong	Strong	Sound	Sound	$1,166Fees	0.089%Below	15
11	Farmers State BankBank	Strong	Strong	Sound	Strong	Sound	$1,559Fees	0.078%Above	10
12	ROCKET MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Sound	$3,856Fees	0.539%Above	49
13	UNITED WHOLESALE MORTGAGE, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Exceptional	Sound	$1,864Fees	0.188%Above	14
14	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Exceptional	Strong	Acceptable	$1,829Fees	0.249%Above	10
15	CBI Bank & TrustBank	Strong	Sound	Sound	Strong	Sound	$653Fees	0.338%Above	21
16	NEW AMERICAN FUNDING, LLCIndependent Mortgage Company	Strong	Acceptable	Exceptional	Sound	Sound	$3,733Fees	0.216%Above	11
17	COMMUNITY 1ST CREDIT UNIONCredit Union	Sound	Mediocre	Sound	Sound	Sound	$375Fees	0.171%Above	12

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.