Mortgage Lenders and Brokers in Altoona, Iowa
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Altoona, Iowa mortgage lenders include Bankers Trust CompanyBankers Trust Company3820 8th St Sw, Altoona, IA 50009A+5.0 ★Texas Ratio: 2.48%, US Bank, N.A.US Bank, N.A.111 8th St Se, Altoona, IA 50009A+5.0 ★Texas Ratio: 2.85%, Bank IowaBank Iowa420 8th St Se, Altoona, IA 50009A5.0 ★Texas Ratio: 12.73%, Community State BankCommunity State Bank200 8th St Se, Altoona, IA 50009A+5.0 ★Texas Ratio: 1.22%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA435 S Duff Ave, Ames, IA 50010A+5.0 ★Texas Ratio: 3.68%, VisionBank of IowaVisionBank of Iowa502 8th St Sw, Altoona, IA 50009A+5.0 ★Texas Ratio: 2.93%, First Interstate BankFirst Interstate Bank2770 8th St Sw, Altoona, IA 50009A+5.0 ★Texas Ratio: 4.72%, Greenstate Credit UnionGreenstate Credit Union104 8th St SE, Altoona, IA 50009A5.0 ★Texas Ratio: 10.18%, Community Choice Credit UnionCommunity Choice Credit Union818 8th st SW, Altoona, IA 50009A+5.0 ★Texas Ratio: 3.41%, and Veridian Credit UnionVeridian Credit Union2510 SW State St, Ankeny, IA 50023A+5.0 ★Texas Ratio: 4.74%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Altoona, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Altoona are listed first, then lenders elsewhere in Iowa, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Altoona, Iowa
Market share is the lender's share of all home loans closed in Altoona, Iowa. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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1 office in Altoona 3820 8th St Sw, Altoona, IA 50009 A+5.0 ★Texas Ratio: 2.48% |
Conventional, HELOC | 13 +2 HELOCs |
2.4% | 100% | $242,692 | View |
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1 office in Altoona 111 8th St Se, Altoona, IA 50009 A+5.0 ★Texas Ratio: 2.85% |
Conventional, VA, HELOC | 12 +3 HELOCs |
2.3% | 75% | $198,333 | View |
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2 offices in Altoona 420 8th St Se, Altoona, IA 50009 A5.0 ★Texas Ratio: 12.73% |
Conventional, HELOC | 6 +3 HELOCs |
1.1% | 100% | $336,666 | View |
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1 office in Altoona 200 8th St Se, Altoona, IA 50009 A+5.0 ★Texas Ratio: 1.22% |
Conventional | 3 | 0.6% | 100% | $268,333 | View |
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1 office in Altoona 435 S Duff Ave, Ames, IA 50010 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 2 | 0.4% | 100% | $250,000 | View |
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1 office in Altoona 502 8th St Sw, Altoona, IA 50009 A+5.0 ★Texas Ratio: 2.93% |
Conventional | 2 | 0.4% | 66.7% | $205,000 | View |
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★ 1 stars, 1 review 1 office in Altoona 2770 8th St Sw, Altoona, IA 50009 A+5.0 ★Texas Ratio: 4.72% |
Conventional, HELOC | 1 +2 HELOCs |
0.2% | 50% | $275,000 | View |
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104 8th St SE, Altoona, IA 50009 A5.0 ★Texas Ratio: 10.18% |
Conventional, FHA, VA, HELOC | 88 +28 HELOCs |
16.5% | 86.5% | $192,954 | View |
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818 8th st SW, Altoona, IA 50009 A+5.0 ★Texas Ratio: 3.41% |
Conventional, HELOC | 36 +35 HELOCs |
6.8% | 92.3% | $251,388 | View |
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2510 SW State St, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 4.74% |
Conventional, VA, HELOC | 26 +19 HELOCs |
4.9% | 93.1% | $183,461 | View |
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100 E Railroad St, Afton, IA 50830 A+5.0 ★Texas Ratio: 1.69% |
Conventional, FHA, HELOC | 11 +1 HELOCs |
2.1% | 100% | $325,000 | View |
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16390 Holcomb Ct, Clive, IA 50325 A+5.0 ★Texas Ratio: 1.00% |
Conventional | 11 | 2.1% | 91.7% | $217,727 | View |
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205 Water St, Cambridge, IA 50046 A5.0 ★Texas Ratio: 7.99% |
Conventional, VA | 10 | 1.9% | 90.9% | $404,000 | View |
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100 Nile Kinnick Dr N, Adel, IA 50003 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 7 | 1.3% | 87.5% | $280,714 | View |
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520 Grand Ave, Ames, IA 50010 A5.0 ★Texas Ratio: 10.53% |
Conventional, HELOC | 4 +4 HELOCs |
0.8% | 100% | $110,000 | View |
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801 Lincoln Way, Ames, IA 50010 A5.0 ★Texas Ratio: 8.43% |
Conventional | 3 | 0.6% | 100% | $135,000 | View |
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1400 2nd Ave, Des Moines, IA 50314 3403 A+5.0 ★Texas Ratio: 3.72% |
Conventional | 2 | 0.4% | 100% | $85,000 | View |
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1009 Court St, Adel, IA 50003 A5.0 ★Texas Ratio: 6.14% |
Conventional | 2 | 0.4% | 100% | $175,000 | View |
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4303 Fleur Dr, Des Moines, IA 50321 2327 A+5.0 ★Texas Ratio: 4.80% |
Conventional | 2 | 0.4% | 100% | $190,000 | View |
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240 3rd Ave Se, Cedar Rapids, IA 52401 A+5.0 ★Texas Ratio: 2.40% |
Conventional | 2 | 0.4% | 100% | $245,000 | View |
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5908 Winterberry Dr, Cedar Falls, IA 50613 B4.6 ★Texas Ratio: 20.10% |
Conventional | 2 | 0.4% | 100% | $205,000 | View |
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5865 Saratoga Rd, Asbury, IA 52002 A+5.0 ★Texas Ratio: 3.87% |
Conventional, HELOC | 1 +2 HELOCs |
0.2% | 100% | $275,000 | View |
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423 E Court Ave, Des Moines, IA 50309 2010 A+5.0 ★Texas Ratio: 3.05% |
Conventional, HELOC | 1 +1 HELOCs |
0.2% | 100% | $75,000 | View |
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515 Main St, Cedar Falls, IA 50613 A+5.0 ★Texas Ratio: 0.10% |
Conventional | 1 | 0.2% | 100% | $295,000 | View |
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129 E Main St, Agency, IA 52530 A+5.0 ★Texas Ratio: 1.47% |
Conventional | 1 | 0.2% | 100% | $85,000 | View |
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2805 N Ankeny Blvd, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 2.72% |
Conventional | 1 | 0.2% | 50% | $225,000 | View |
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2905 Sw Oralabor Rd, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.2% | 100% | $105,000 | View |
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640 Lincoln Way, Ames, IA 50010 A5.0 ★Texas Ratio: 9.76% |
Conventional | 1 | 0.2% | 100% | $225,000 | View |
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202 S Main St, Alta, IA 51002 A+5.0 ★Texas Ratio: 1.70% |
Conventional | 1 | 0.2% | 100% | $115,000 | View |
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1530 S Duff Ave, Ames, IA 50010 A+5.0 ★Texas Ratio: 1.89% |
Conventional | 1 | 0.2% | 100% | $345,000 | View |
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1420 S Clinton St, Albia, IA 52531 2636 B4.4 ★Texas Ratio: 22.12% |
Conventional | 1 | 0.2% | 100% | $405,000 | View |
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6410 Sw 9th St, Des Moines, IA 50315 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.2% | 100% | $155,000 | View |
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5260 Nw 86th St, Johnston, IA 50131 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.2% | 100% | $525,000 | View |
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2406 Grand Ave, Ames, IA 50010 A5.0 ★Texas Ratio: 8.87% |
Conventional | 1 | 0.2% | 100% | $245,000 | View |
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2701 Stange Rd, Ames, IA 50010 A5.0 ★Texas Ratio: 7.43% |
Conventional | 1 | 0.2% | 100% | $305,000 | View |
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123 W 4th St, Cedar Falls, IA 50613 2831 A+5.0 ★Texas Ratio: 3.82% |
Conventional | 1 | 0.2% | 100% | $45,000 | View |
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2650 University Ave, Des Moines, IA 50311 A+5.0 ★Texas Ratio: 4.14% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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525 Main St, Ames, IA 50010 A+5.0 ★Texas Ratio: 3.54% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Iowa Bankers Mortgage Corporation
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Conventional | 17 | 3.2% | 85% | $232,058 | |
Homeservices Lending LLC
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Conventional, FHA, VA | 15 | 2.8% | 100% | $188,333 | |
549300K04Zgwyv7Ldx511190891
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Conventional | 2 | 0.4% | 66.7% | $35,000 | |
DHI Mortgage Company, LTD.
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Conventional, FHA, VA | 40 | 7.5% | 85.1% | $331,750 | |
Rocket Mortgage
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Conventional, FHA, VA | 23 | 4.3% | 82.1% | $194,565 | |
New American Funding, LLC.
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Conventional, FHA, VA, HELOC | 15 +1 HELOCs |
2.8% | 100% | $231,000 | |
Lower, LLC
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Conventional, FHA, VA | 13 | 2.4% | 100% | $259,615 | |
Gershman Investment Corp.
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Conventional, FHA, VA | 13 | 2.4% | 100% | $257,307 | |
Pennymac Loan Services LLC
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Conventional, FHA, VA | 11 | 2.1% | 84.6% | $191,363 | |
Guaranteed Rate, Inc.
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Conventional, FHA | 8 | 1.5% | 88.9% | $227,500 | |
Mortgage Research Center
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VA | 8 | 1.5% | 80% | $336,250 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 7 | 1.3% | 100% | $313,571 | |
Newrez LLC
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Conventional, FHA | 7 | 1.3% | 100% | $212,142 | |
American Pacific Mortgage Corporation
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Conventional, FHA | 7 | 1.3% | 77.8% | $196,428 | |
Fairway Independent Mort Corp
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Conventional, FHA | 7 | 1.3% | 100% | $340,714 | |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional, FHA | 6 | 1.1% | 100% | $261,666 | View |
Compass Mortgage, Inc.
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Conventional, FHA | 6 | 1.1% | 100% | $243,333 | |
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A+5.0 ★Texas Ratio: 0.00% |
FHA, VA | 5 | 0.9% | 83.3% | $323,000 | View |
Land Home Financial Services,
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Conventional, FHA, VA | 5 | 0.9% | 100% | $341,000 | |
Envoy Mortgage, Ltd
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Conventional, VA | 4 | 0.8% | 100% | $275,000 | |
Guild Mortgage Company
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Conventional, FHA | 4 | 0.8% | 100% | $185,000 | |
Nationstar Mortgage
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Conventional, VA | 4 | 0.8% | 100% | $105,000 | |
Stockton Mortgage Corporation
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FHA, VA | 4 | 0.8% | 80% | $270,000 | |
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A+5.0 ★Texas Ratio: 2.29% |
Conventional, FHA | 4 | 0.8% | 100% | $275,000 | View |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 3 | 0.6% | 100% | $225,000 | View |
21St Mortgage
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Conventional | 3 | 0.6% | 17.6% | $65,000 | |
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A+5.0 ★Texas Ratio: 5.75% |
Conventional, HELOC | 2 +3 HELOCs |
0.4% | 66.7% | $195,000 | |
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A5.0 ★Texas Ratio: 7.16% |
Conventional | 2 | 0.4% | 66.7% | $215,000 | View |
Cmg Mortgage Inc
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Conventional | 2 | 0.4% | 66.7% | $280,000 | |
Cardinal Financial Company, Li
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Conventional | 2 | 0.4% | 100% | $270,000 | |
Marine Credit Union
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Conventional | 2 | 0.4% | 50% | $40,000 | |
Planet Home Lending, LLC
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VA | 2 | 0.4% | 100% | $220,000 | |
Spring Eq, LLC
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Conventional, HELOC | 1 +1 HELOCs |
0.2% | 33.3% | $95,000 | |
Primelending
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Conventional | 1 | 0.2% | 100% | $225,000 | |
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D3.3 ★Texas Ratio: 35.11% |
Conventional | 1 | 0.2% | 100% | $285,000 | View |
AmeriHome Mortgage Company, LLC
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Conventional | 1 | 0.2% | 50% | $375,000 | |
Amerisave Mortgage Company
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Conventional | 1 | 0.2% | 28.6% | $45,000 | |
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A5.0 ★Texas Ratio: 7.61% |
Conventional | 1 | 0.2% | 100% | $115,000 | |
Frontier Financial, Inc. DBA Frontier Mortgage
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FHA | 1 | 0.2% | 100% | $195,000 | |
Citizens Equity First Credit U
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Conventional | 1 | 0.2% | 100% | $175,000 | |
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A+5.0 ★Texas Ratio: 0.80% |
Conventional | 1 | 0.2% | 100% | $75,000 | View |
New Day Financial, LLC.
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VA | 1 | 0.2% | 50% | $445,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
VA | 1 | 0.2% | 100% | $335,000 | View |
Sierra Pacific Mortgage Co. Inc
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Conventional | 1 | 0.2% | 100% | $235,000 | |
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A+5.0 ★Texas Ratio: 1.47% |
Conventional | 1 | 0.2% | 100% | $275,000 | View |
Mortgage Solutions of Colorado
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VA | 1 | 0.2% | 100% | $285,000 | |
Mutual of Omaha Mortgage
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Conventional | 1 | 0.2% | 100% | $85,000 | |
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★ 1 stars, 1 review A+5.0 ★Texas Ratio: 2.87% |
Conventional | 1 | 0.2% | 100% | $385,000 | View |
Navy Federal Credit Union
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VA | 1 | 0.2% | 100% | $275,000 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 1 | 0.2% | 100% | $65,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
FHA | 1 | 0.2% | 100% | $215,000 | View |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +3 HELOCs |
0% | n/a | View | |
Figure Lending LLC
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
Lendage, LLC dba Achieve Loans
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HELOC | 0 +2 HELOCs |
0% | n/a | ||
loanDepot.com LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 2.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Altoona Mortgage Rate Trends
Daily average mortgage rates for Iowa compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Altoona, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Altoona? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Altoona in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Altoona, IA
Use these to narrow the list above. Each category shows how many Altoona, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Altoona, IA
Independent mortgage companies closed 45.1 percent of home loans in Altoona, Iowa in 2025, banks 21.8 percent and credit unions 33.1 percent. Iowa Bankers Mortgage Corporation was the largest mortgage company, Bankers Trust Company the largest bank and Greenstate Credit Union the largest credit union. Among lenders headquartered in Iowa, Bankers Trust Company led with 13 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in Iowa. State real estate transfer tax of $1.60 per $1,000 of consideration above the first $500, paid by the seller; no mortgage recording tax.
More Iowa Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Altoona, IA
By home loans closed in 2025, Bankers Trust Company was the largest mortgage lender in Altoona, Iowa with 13 loans, about 2.4 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Altoona, Iowa, Greenstate Credit Union approved the highest share of completed applications in 2025 at 86.5 percent, against a 86.8 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
23 lenders closed FHA loans in Altoona, Iowa in 2025, led by DHI Mortgage Company, LTD. with 18. 23 lenders closed VA loans, led by Mortgage Research Center. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 40 banks and 18 credit unions closed home loans in Altoona, Iowa in 2025, alongside 36 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Altoona, Iowa during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Altoona, Iowa for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Altoona. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
