# IOWA BANKERS MORTGAGE CORPORATION

> **Canonical URL:** https://saferate.com/lenders/iowa-bankers-mortgage


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


IOWA BANKERS MORTGAGE CORPORATION is a independent mortgage company, headquartered in JOHNSTON, IA, serving borrowers across 10 states, with 2,312 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 17% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 18% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300FSZH0FMQ1T8Y90
- **Headquarters:** JOHNSTON, IA
- **Geographic Reach:** Multi-Region
- **States Served:** 10
- **State List:** AZ, CO, IA, IL, KS, MN, MO, NE, SD, WI
- **Markets (MSAs):** 12
- **Primary Channel:** wholesale
- **Direct Origination:** 0.2%
- **Brokered/Wholesale:** 99.8%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 83/100
- Rating: ●●●●● (5/5)

### Pull Through: Exceptional 🤩
- Score: 82/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.049%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,276
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 2,312
- **Dollar Volume:** $518 million
- **Applications Received:** 2,899
- **Market Share:** 6.00%

## Typical Borrower Profile

- **Average Loan Amount:** $224,040
- **Average Borrower Income:** $114,419
- **Average Property Value:** $306,644

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (90%)
- 💎 **Purchase Diamond Champion** (84%)
- ⭐ **VA Gold Superstar** (78%)
- ⭐ **USDA Gold Superstar** (70%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 85/100 | 2,101 | -0.071% | $1,305 | Exceptional 🤩 |
| FHA | 65/100 | 58 | +0.808% | $1,401 | Strong 😀 |
| VA | 68/100 | 52 | -0.273% | $159 | Strong 😀 |
| USDA | 87/100 | 101 | +0.288% | $1,017 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,843 loans, Score: 85/100 (Exceptional)
- Refinance: 258 loans, Score: 80/100 (Strong)

**FHA:**
- Purchase: 58 loans, Score: 66/100 (Strong)

**VA:**
- Purchase: 51 loans, Score: 69/100 (Strong)

**USDA:**
- Purchase: 101 loans, Score: 87/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 84/100 | 2,053 | $463M | -0.049% | Exceptional 🤩 |
| Refinance | 78/100 | 259 | $55M | -0.049% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 2,020 | 5.71% | 94/100 |
| MN | 159 | 0.25% | 66/100 |
| SD | 50 | 0.56% | 59/100 |
| NE | 48 | 0.22% | 57/100 |
| WI | 14 | 0.02% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 1,059 | 80/100 |
| Des Moines | IA | 500 | 90/100 |
| Ames, IA | IA | 219 | 100/100 |
| Sioux City, IA |  | 131 | 87/100 |
| Omaha, NE | NE-IA | 96 | 69/100 |
| Cedar Rapids, IA | IA | 80 | 68/100 |
| Waterloo | IA | 53 | 62/100 |
| Dubuque, IA | IA | 29 | 55/100 |
| Iowa City, IA | IA | 26 | 53/100 |
| Minneapolis | MN-WI | 26 | 48/100 |
| Sioux Falls, SD | SD-MN | 26 | 52/100 |
| Mankato, MN | MN | 19 | 56/100 |

## Where This Lender Ranks

IOWA BANKERS MORTGAGE CORPORATION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Iowa Mortgage Companies
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Iowa for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥇 **#1** in Iowa for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥇 **#1** in Des Moines Mortgage Companies
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Des Moines for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥇 **#1** in Des Moines for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥇 **#1** in Ames, IA
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders)
- 🥇 **#1** in Ames, IA Mortgage Companies
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Ames, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Ames, IA for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥇 **#1** in Ames, IA for VA Loans
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Ames, IA for VA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/ames-ia/best-mortgage-lenders/mortgage-companies/va-loans)
- 🥇 **#1** in Minnesota Mortgage Companies
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Minnesota for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥇 **#1** in Sioux City, IA
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders)
- 🥇 **#1** in Sioux City, IA Mortgage Companies
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Sioux City, IA for Conventional Loans
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Sioux City, IA for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/sioux-city-ia/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥇 **#1** in Omaha, NE Mortgage Companies
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/mortgage-companies)
- 🥇 **#1** in Omaha, NE for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/omaha-ne/best-mortgage-lenders/mortgage-companies/conventional-loans)

## Frequently Asked Questions

### What loan types does IOWA BANKERS MORTGAGE CORPORATION offer?

IOWA BANKERS MORTGAGE CORPORATION offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does IOWA BANKERS MORTGAGE CORPORATION offer mortgages?

IOWA BANKERS MORTGAGE CORPORATION offers mortgages in 10 states: AZ, CO, IA, IL, KS, MN, MO, NE, SD, WI.

### How competitive are IOWA BANKERS MORTGAGE CORPORATION's mortgage rates?

IOWA BANKERS MORTGAGE CORPORATION has a pricing score of 83/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.049% below market average.

### What type of lender is IOWA BANKERS MORTGAGE CORPORATION?

IOWA BANKERS MORTGAGE CORPORATION is a non-depository lender that specializes in mortgage origination, headquartered in JOHNSTON, IA.

### What is IOWA BANKERS MORTGAGE CORPORATION's loan approval success rate?

IOWA BANKERS MORTGAGE CORPORATION has a pull-through score of 82/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/iowa-bankers-mortgage

### How to Cite

> "IOWA BANKERS MORTGAGE CORPORATION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/iowa-bankers-mortgage

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