Mortgage Lenders and Brokers in Monroe, 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
Monroe, Iowa mortgage lenders include Leighton State BankLeighton State Bank101 W Washington St, Monroe, IA 50170A+5.0 ★Texas Ratio: 5.11%, Great Southern BankGreat Southern Bank2701 Stange Rd, Ames, IA 50010A+5.0 ★Texas Ratio: 1.55%, Greenstate Credit UnionGreenstate Credit Union104 8th St SE, Altoona, IA 50009A5.0 ★Texas Ratio: 10.18%, Bank IowaBank Iowa420 8th St Se, Altoona, IA 50009A5.0 ★Texas Ratio: 12.73%, Community 1st Credit UnionCommunity 1st Credit Union1420 S Clinton St, Albia, IA 52531 2636B4.4 ★Texas Ratio: 22.12%, Advantage Credit UnionAdvantage Credit Union121 W 3rd St N, Newton, IA 50208 3040A5.0 ★Texas Ratio: 8.08%, Community Choice Credit UnionCommunity Choice Credit Union818 8th st SW, Altoona, IA 50009A+5.0 ★Texas Ratio: 3.41%, Bankers Trust CompanyBankers Trust Company3820 8th St Sw, Altoona, IA 50009A+5.0 ★Texas Ratio: 2.48%, Fidelity BankFidelity Bank205 Water St, Cambridge, IA 50046A5.0 ★Texas Ratio: 7.99%, 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 Monroe, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Monroe 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 Monroe, Iowa
Market share is the lender's share of all home loans closed in Monroe, 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 Monroe 101 W Washington St, Monroe, IA 50170 A+5.0 ★Texas Ratio: 5.11% |
Conventional | 6 | 5.5% | 85.7% | $128,333 | View |
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2701 Stange Rd, Ames, IA 50010 A+5.0 ★Texas Ratio: 1.55% |
Conventional, USDA | 8 | 7.3% | 88.9% | $148,750 | View |
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104 8th St SE, Altoona, IA 50009 A5.0 ★Texas Ratio: 10.18% |
Conventional, HELOC | 6 +3 HELOCs |
5.5% | 85.7% | $171,666 | View |
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420 8th St Se, Altoona, IA 50009 A5.0 ★Texas Ratio: 12.73% |
Conventional, USDA, HELOC | 5 +1 HELOCs |
4.6% | 100% | $271,000 | View |
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1420 S Clinton St, Albia, IA 52531 2636 B4.4 ★Texas Ratio: 22.12% |
Conventional | 5 | 4.6% | 100% | $97,000 | View |
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121 W 3rd St N, Newton, IA 50208 3040 A5.0 ★Texas Ratio: 8.08% |
Conventional | 4 | 3.7% | 100% | $65,000 | View |
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818 8th st SW, Altoona, IA 50009 A+5.0 ★Texas Ratio: 3.41% |
Conventional, HELOC | 3 +1 HELOCs |
2.8% | 75% | $201,666 | View |
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3820 8th St Sw, Altoona, IA 50009 A+5.0 ★Texas Ratio: 2.48% |
Conventional | 2 | 1.8% | 100% | $130,000 | View |
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205 Water St, Cambridge, IA 50046 A5.0 ★Texas Ratio: 7.99% |
Conventional | 2 | 1.8% | 100% | $120,000 | View |
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2510 SW State St, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 4.74% |
Conventional, HELOC | 1 +1 HELOCs |
0.9% | 33.3% | $55,000 | View |
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1403 S Rooselvelt, Burlington, IA 52601 A+5.0 ★Texas Ratio: 5.26% |
Conventional | 1 | 0.9% | 100% | $285,000 | View |
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100 1st Ave Ne, Cedar Rapids, IA 52401 A5.0 ★Texas Ratio: 6.98% |
Conventional | 1 | 0.9% | 100% | $385,000 | View |
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1400 2nd Ave, Des Moines, IA 50314 3403 A+5.0 ★Texas Ratio: 3.72% |
Conventional | 1 | 0.9% | 100% | $145,000 | View |
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801 Lincoln Way, Ames, IA 50010 A5.0 ★Texas Ratio: 8.43% |
Conventional | 1 | 0.9% | 100% | $85,000 | View |
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203 W Highway 92, Bevington, IA 50033 A+5.0 ★Texas Ratio: 5.57% |
Conventional | 1 | 0.9% | 100% | $105,000 | View |
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3401 53rd Ave, Bettendorf, IA 52722 A+5.0 ★Texas Ratio: 5.41% |
Conventional | 1 | 0.9% | 100% | $215,000 | View |
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520 Grand Ave, Ames, IA 50010 A5.0 ★Texas Ratio: 10.53% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Iowa Bankers Mortgage Corporation
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Conventional, USDA | 14 | 12.8% | 100% | $206,428 | |
Homeservices Lending LLC
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Conventional | 5 | 4.6% | 100% | $235,000 | |
Residential Mortgage Network, Inc.
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FHA | 1 | 0.9% | 100% | $205,000 | |
Compass Mortgage, Inc.
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Conventional, FHA | 5 | 4.6% | 100% | $251,000 | |
Marine Credit Union
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Conventional | 3 | 2.8% | 75% | $135,000 | |
Nationstar Mortgage
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Conventional | 3 | 2.8% | 100% | $55,000 | |
Stockton Mortgage Corporation
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Conventional, FHA, USDA | 3 | 2.8% | 100% | $135,000 | |
Guaranteed Rate, Inc.
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Conventional | 2 | 1.8% | 100% | $235,000 | |
Rocket Mortgage
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Conventional | 2 | 1.8% | 100% | $245,000 | |
Envoy Mortgage, Ltd
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Conventional | 2 | 1.8% | 100% | $390,000 | |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 2 | 1.8% | 100% | $260,000 | View |
Fairway Independent Mort Corp
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Conventional | 2 | 1.8% | 100% | $325,000 | |
loanDepot.com LLC
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Conventional, HELOC | 1 +1 HELOCs |
0.9% | 100% | $125,000 | |
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A5.0 ★Texas Ratio: 13.21% |
Conventional | 1 | 0.9% | 100% | $505,000 | View |
Newrez LLC
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VA | 1 | 0.9% | 50% | $395,000 | |
Nbkc Bank
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Conventional | 1 | 0.9% | 100% | $325,000 | |
AmeriHome Mortgage Company, LLC
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FHA | 1 | 0.9% | 100% | $445,000 | |
PHH Mortgage Corporation
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FHA | 1 | 0.9% | 100% | $195,000 | |
Guild Mortgage Company
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FHA | 1 | 0.9% | 100% | $215,000 | |
Union Home Mortgage Corp.
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VA | 1 | 0.9% | 100% | $485,000 | |
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B-3.5 ★Texas Ratio: 6.80% |
Conventional | 1 | 0.9% | 100% | $105,000 | View |
Churchill Mortgage Corporation
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VA | 1 | 0.9% | 100% | $355,000 | |
Sierra Pacific Mortgage Co. Inc
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FHA | 1 | 0.9% | 100% | $225,000 | |
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A+5.0 ★Texas Ratio: 5.75% |
Conventional | 1 | 0.9% | 100% | $215,000 | |
New American Funding, LLC.
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FHA | 1 | 0.9% | 50% | $465,000 | |
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A+5.0 ★Texas Ratio: 2.29% |
Conventional | 1 | 0.9% | 100% | $225,000 | View |
Lower, LLC
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Conventional | 1 | 0.9% | 100% | $215,000 | |
Farm Credit Mid-America, Aca
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Conventional | 1 | 0.9% | 100% | $455,000 | |
Village Capital & Investment
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FHA | 1 | 0.9% | 100% | $175,000 | |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a |
Monroe 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 Monroe, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Monroe? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Monroe in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Monroe, IA
Use these to narrow the list above. Each category shows how many Monroe, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Monroe, IA
Independent mortgage companies closed 47.7 percent of home loans in Monroe, Iowa in 2025, banks 29.4 percent and credit unions 22.9 percent. Iowa Bankers Mortgage Corporation was the largest mortgage company, Leighton State Bank the largest bank and Greenstate Credit Union the largest credit union. Among lenders headquartered in Iowa, Leighton 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 Monroe, IA
By home loans closed in 2025, Leighton State Bank was the largest mortgage lender in Monroe, Iowa with 6 loans, about 5.5 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
9 lenders closed FHA loans in Monroe, Iowa in 2025, led by Compass Mortgage, Inc. with 3. 3 lenders closed VA loans, led by Newrez LLC, and 4 closed USDA rural loans. 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. 13 banks and 10 credit unions closed home loans in Monroe, Iowa in 2025, alongside 24 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 Monroe, 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 Monroe, 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 Monroe. 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.
