Mortgage Lenders and Brokers in Elkader, 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
Elkader, Iowa mortgage lenders include Central State BankCentral State Bank102 North Main Street, Elkader, IA 52043A+5.0 ★Texas Ratio: 0.14%, Fidelity Bank & TrustFidelity Bank & Trust107 S Garnavillo St, Anamosa, IA 52205A5.0 ★Texas Ratio: 12.05%, Community Savings BankCommunity Savings Bank100 1st Ave Ne, Cedar Rapids, IA 52401A5.0 ★Texas Ratio: 6.98%, Luana Savings BankLuana Savings Bank16390 Holcomb Ct, Clive, IA 50325A+5.0 ★Texas Ratio: 1.00%, Dupaco Community Credit UnionDupaco Community Credit Union5865 Saratoga Rd, Asbury, IA 52002A+5.0 ★Texas Ratio: 3.87%, Veridian Credit UnionVeridian Credit Union2510 SW State St, Ankeny, IA 50023A+5.0 ★Texas Ratio: 4.74%, Peoples State BankPeoples State Bank15 Goethe St, Guttenberg, IA 52052A+5.0 ★Texas Ratio: 1.34%, Greenstate Credit UnionGreenstate Credit Union104 8th St SE, Altoona, IA 50009A5.0 ★Texas Ratio: 10.18%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA435 S Duff Ave, Ames, IA 50010A+5.0 ★Texas Ratio: 3.68%, and DuTrac Community Credit UnionDuTrac Community Credit Union2770 Middle Rd, Bettendorf, IA 52722A+5.0 ★Texas Ratio: 4.87%. 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 Elkader, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Elkader 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 Elkader, Iowa
Market share is the lender's share of all home loans closed in Elkader, 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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2 offices in Elkader 102 North Main Street, Elkader, IA 52043 A+5.0 ★Texas Ratio: 0.14% |
Conventional | 6 | 11.8% | 100% | $146,666 | View |
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107 S Garnavillo St, Anamosa, IA 52205 A5.0 ★Texas Ratio: 12.05% |
Conventional | 8 | 15.7% | 100% | $150,000 | View |
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100 1st Ave Ne, Cedar Rapids, IA 52401 A5.0 ★Texas Ratio: 6.98% |
Conventional | 6 | 11.8% | 87.5% | $171,666 | View |
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16390 Holcomb Ct, Clive, IA 50325 A+5.0 ★Texas Ratio: 1.00% |
Conventional | 5 | 9.8% | 100% | $195,000 | View |
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5865 Saratoga Rd, Asbury, IA 52002 A+5.0 ★Texas Ratio: 3.87% |
Conventional, HELOC | 3 +3 HELOCs |
5.9% | 75% | $78,333 | View |
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2510 SW State St, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 4.74% |
Conventional, HELOC | 3 +2 HELOCs |
5.9% | 100% | $101,666 | View |
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15 Goethe St, Guttenberg, IA 52052 A+5.0 ★Texas Ratio: 1.34% |
Conventional | 3 | 5.9% | 100% | $121,666 | View |
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104 8th St SE, Altoona, IA 50009 A5.0 ★Texas Ratio: 10.18% |
Conventional, HELOC | 1 +1 HELOCs |
2% | 100% | $165,000 | View |
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435 S Duff Ave, Ames, IA 50010 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 1 | 2% | 100% | $95,000 | View |
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2770 Middle Rd, Bettendorf, IA 52722 A+5.0 ★Texas Ratio: 4.87% |
Conventional | 1 | 2% | 100% | $215,000 | View |
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5908 Winterberry Dr, Cedar Falls, IA 50613 B4.6 ★Texas Ratio: 20.10% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
New American Funding, LLC.
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Conventional, FHA | 4 | 7.8% | 100% | $140,000 | |
Rocket Mortgage
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Conventional | 2 | 3.9% | 66.7% | $130,000 | |
Union Home Mortgage Corp.
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Conventional, FHA | 2 | 3.9% | 100% | $75,000 | |
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A+5.0 ★Texas Ratio: 5.75% |
Conventional, HELOC | 1 +1 HELOCs |
2% | 100% | $105,000 | |
Movement Mortgage, LLC
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VA | 1 | 2% | 100% | $135,000 | |
Pennymac Loan Services LLC
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Conventional | 1 | 2% | 100% | $95,000 | |
Guild Mortgage Company
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FHA | 1 | 2% | 100% | $125,000 | |
Waterstone Mortgage Corporation
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FHA | 1 | 2% | 100% | $325,000 | |
Mortgage Research Center
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VA | 1 | 2% | 100% | $125,000 |
Elkader 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 Elkader, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Elkader? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Elkader in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Elkader, IA
Use these to narrow the list above. Each category shows how many Elkader, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Elkader, IA
Independent mortgage companies closed 23.5 percent of home loans in Elkader, Iowa in 2025, banks 58.8 percent and credit unions 17.6 percent. New American Funding, LLC. was the largest mortgage company, Central State Bank the largest bank and Dupaco Community Credit Union the largest credit union. Among lenders headquartered in Iowa, Central State Bank led with 6 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 Elkader, IA
By home loans closed in 2025, Central State Bank was the largest mortgage lender in Elkader, Iowa with 6 loans, about 11.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
4 lenders closed FHA loans in Elkader, Iowa in 2025, led by New American Funding, LLC. with 1. 2 lenders closed VA loans, led by Movement Mortgage, LLC. 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. 7 banks and 6 credit unions closed home loans in Elkader, Iowa in 2025, alongside 7 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 Elkader, 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 Elkader, 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 Elkader. 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.
