Mortgage Lenders and Brokers in Monticello, 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
Monticello, Iowa mortgage lenders include Citizens State BankCitizens State Bank117 W 1st St, Monticello, IA 52310A-4.7 ★Texas Ratio: 12.58%, Fidelity Bank & TrustFidelity Bank & Trust424 E Oak St, Monticello, IA 52310A5.0 ★Texas Ratio: 12.05%, Farmers & Merchants Savings BankFarmers & Merchants Savings Bank111 E 1st St, Monticello, IA 52310A5.0 ★Texas Ratio: 9.19%, Ohnward Bank and TrustOhnward Bank and Trust307 S Main St, Monticello, IA 52310, Dupaco Community Credit UnionDupaco Community Credit Union5865 Saratoga Rd, Asbury, IA 52002A+5.0 ★Texas Ratio: 3.87%, DuTrac Community Credit UnionDuTrac Community Credit Union337 S MAIN ST, MONTICELLO, IA 52310A+5.0 ★Texas Ratio: 4.87%, Collins Community Credit UnionCollins Community Credit Union5908 Winterberry Dr, Cedar Falls, IA 50613B4.6 ★Texas Ratio: 20.10%, Greenstate Credit UnionGreenstate Credit Union104 8th St SE, Altoona, IA 50009A5.0 ★Texas Ratio: 10.18%, Veridian Credit UnionVeridian Credit Union2510 SW State St, Ankeny, IA 50023A+5.0 ★Texas Ratio: 4.74%, and Hills Bank and Trust CompanyHills Bank and Trust Company240 3rd Ave Se, Cedar Rapids, IA 52401A+5.0 ★Texas Ratio: 2.40%. 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 Monticello, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Monticello 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 Monticello, Iowa
Market share is the lender's share of all home loans closed in Monticello, 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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117 W 1st St, Monticello, IA 52310 A-4.7 ★Texas Ratio: 12.58% |
Conventional | 24 | 31.2% | 92.3% | $120,416 | View |
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1 office in Monticello 424 E Oak St, Monticello, IA 52310 A5.0 ★Texas Ratio: 12.05% |
Conventional | 2 | 2.6% | 66.7% | $210,000 | View |
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1 office in Monticello 111 E 1st St, Monticello, IA 52310 A5.0 ★Texas Ratio: 9.19% |
Conventional | 1 | 1.3% | 100% | $65,000 | View |
Ohnward Bank and Trust
307 S Main St, Monticello, IA 52310 |
Conventional | 8 | 10.4% | 100% | $158,750 | |
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5865 Saratoga Rd, Asbury, IA 52002 A+5.0 ★Texas Ratio: 3.87% |
Conventional, HELOC | 4 +4 HELOCs |
5.2% | 66.7% | $235,000 | View |
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337 S MAIN ST, MONTICELLO, IA 52310 A+5.0 ★Texas Ratio: 4.87% |
Conventional | 4 | 5.2% | 100% | $112,500 | View |
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5908 Winterberry Dr, Cedar Falls, IA 50613 B4.6 ★Texas Ratio: 20.10% |
Conventional | 4 | 5.2% | 80% | $85,000 | View |
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104 8th St SE, Altoona, IA 50009 A5.0 ★Texas Ratio: 10.18% |
Conventional, HELOC | 3 +3 HELOCs |
3.9% | 100% | $101,666 | View |
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2510 SW State St, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 4.74% |
Conventional | 3 | 3.9% | 60% | $108,333 | View |
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240 3rd Ave Se, Cedar Rapids, IA 52401 A+5.0 ★Texas Ratio: 2.40% |
Conventional | 1 | 1.3% | 100% | $165,000 | View |
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312 Nile Kinnick Drive South, Adel, IA 50003 D3.5 ★Texas Ratio: 33.42% |
Conventional | 1 | 1.3% | 100% | $175,000 | View |
Iowa Bankers Mortgage Corporation
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Conventional, USDA | 4 | 5.2% | 100% | $180,000 | |
Midwestone Bank
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
United Wholesale Mortgage
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FHA, VA | 3 | 3.9% | 100% | $215,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 3 | 3.9% | 100% | $171,666 | |
Pennymac Loan Services LLC
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Conventional, FHA | 2 | 2.6% | 100% | $100,000 | |
Cmg Mortgage Inc
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Conventional, VA | 2 | 2.6% | 100% | $155,000 | |
Mortgage Research Center
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VA | 2 | 2.6% | 100% | $265,000 | |
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A+5.0 ★Texas Ratio: 0.00% |
FHA | 1 | 1.3% | 100% | $165,000 | View |
CrossCountry Mortgage, LLC
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Conventional | 1 | 1.3% | 100% | $215,000 | |
Guild Mortgage Company
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USDA | 1 | 1.3% | 100% | $185,000 | |
Flat Branch Mortgage, Inc.
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Conventional | 1 | 1.3% | 100% | $195,000 | |
New Day Financial, LLC.
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VA | 1 | 1.3% | 100% | $185,000 | |
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A-5.0 ★Texas Ratio: 14.93% |
Conventional | 1 | 1.3% | 100% | $75,000 | View |
Monticello 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 Monticello, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Monticello? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Monticello in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Monticello, IA
Use these to narrow the list above. Each category shows how many Monticello, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Monticello, IA
Independent mortgage companies closed 27.3 percent of home loans in Monticello, Iowa in 2025, banks 49.4 percent and credit unions 23.4 percent. Iowa Bankers Mortgage Corporation was the largest mortgage company, Citizens State Bank the largest bank and Dupaco Community Credit Union the largest credit union. Among lenders headquartered in Iowa, Citizens State Bank led with 24 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 Monticello, IA
By home loans closed in 2025, Citizens State Bank was the largest mortgage lender in Monticello, Iowa with 24 loans, about 31.2 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
4 lenders closed FHA loans in Monticello, Iowa in 2025, led by United Wholesale Mortgage with 2. 5 lenders closed VA loans, led by Mortgage Research Center, and 2 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. 8 banks and 5 credit unions closed home loans in Monticello, Iowa in 2025, alongside 11 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 Monticello, 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 Monticello, 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 Monticello. 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.
