Mortgage Lenders and Brokers in Oakland, 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
Oakland, Iowa mortgage lenders include Arbor BankArbor Bank301 Oakland Ave, Oakland, IA 51560A5.0 ★Texas Ratio: 10.07%, First Interstate BankFirst Interstate Bank501 Pioneer Ave, Oakland, IA 51560A+5.0 ★Texas Ratio: 4.72%, US Bank, N.A.US Bank, N.A.111 8th St Se, Altoona, IA 50009A+5.0 ★Texas Ratio: 2.85%, Shelby County State BankShelby County State Bank155 S Elm St, Avoca, IA 51521, Veridian Credit UnionVeridian Credit Union2510 SW State St, Ankeny, IA 50023A+5.0 ★Texas Ratio: 4.74%, Westside State BankWestside State Bank1012 N Us Highway 71, Carroll, IA 51401A-5.0 ★Texas Ratio: 15.31%, Glenwood State BankGlenwood State Bank940 Valley View Dr, Council Bluffs, IA 51503A+5.0 ★Texas Ratio: 5.81%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA435 S Duff Ave, Ames, IA 50010A+5.0 ★Texas Ratio: 3.68%, Iowa Bankers Mortgage CorporationIowa Bankers Mortgage CorporationJohnston, IA, and Rocket Mortgage. 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 Oakland, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Oakland 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 Oakland, Iowa
Market share is the lender's share of all home loans closed in Oakland, 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 Oakland 301 Oakland Ave, Oakland, IA 51560 A5.0 ★Texas Ratio: 10.07% |
Conventional, VA | 8 | 14.3% | 100% | $167,500 | View |
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★ 1 stars, 1 review 1 office in Oakland 501 Pioneer Ave, Oakland, IA 51560 A+5.0 ★Texas Ratio: 4.72% |
Conventional | 2 | 3.6% | 100% | $160,000 | View |
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111 8th St Se, Altoona, IA 50009 A+5.0 ★Texas Ratio: 2.85% |
Conventional, HELOC | 2 +2 HELOCs |
3.6% | 66.7% | $55,000 | View |
Shelby County State Bank
155 S Elm St, Avoca, IA 51521 |
Conventional | 2 | 3.6% | 100% | $165,000 | |
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2510 SW State St, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 4.74% |
Conventional, HELOC | 1 +1 HELOCs |
1.8% | 100% | $115,000 | View |
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1012 N Us Highway 71, Carroll, IA 51401 A-5.0 ★Texas Ratio: 15.31% |
Conventional | 1 | 1.8% | 100% | $175,000 | View |
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940 Valley View Dr, Council Bluffs, IA 51503 A+5.0 ★Texas Ratio: 5.81% |
Conventional | 1 | 1.8% | 100% | $75,000 | View |
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435 S Duff Ave, Ames, IA 50010 A+5.0 ★Texas Ratio: 3.68% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Iowa Bankers Mortgage Corporation
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USDA | 1 | 1.8% | 100% | $205,000 | |
Rocket Mortgage
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Conventional, FHA | 5 | 8.9% | 83.3% | $117,000 | |
Cmg Mortgage Inc
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Conventional | 4 | 7.1% | 100% | $195,000 | |
American National Bank
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Conventional, FHA | 4 | 7.1% | 100% | $95,000 | |
Mortgage Research Center
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VA | 3 | 5.4% | 100% | $138,333 | |
Ark-La-Tex Financial Services LLC
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Conventional, FHA | 3 | 5.4% | 100% | $175,000 | |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 2 | 3.6% | 100% | $515,000 | View |
Churchill Mortgage Corporation
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FHA, VA | 2 | 3.6% | 100% | $200,000 | |
Lakeview Loan Servicing, LLC
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VA | 1 | 1.8% | 50% | $225,000 | |
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A+5.0 ★Texas Ratio: 0.00% |
FHA | 1 | 1.8% | 100% | $105,000 | View |
Pennymac Loan Services LLC
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Conventional | 1 | 1.8% | 50% | $25,000 | |
Amerisave Mortgage Company
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Conventional | 1 | 1.8% | 25% | $55,000 | |
Guild Mortgage Company
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Conventional | 1 | 1.8% | 100% | $265,000 | |
Click n' Close, Inc.
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FHA | 1 | 1.8% | 100% | $145,000 | |
First International Bank & Trust
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Conventional | 1 | 1.8% | 100% | $455,000 | |
Peoples Mortgage Company
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Conventional | 1 | 1.8% | 100% | $185,000 | |
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A5.0 ★Texas Ratio: 11.31% |
Conventional | 1 | 1.8% | 50% | $115,000 | View |
Four Points Federal Credit Union
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Conventional | 1 | 1.8% | 100% | $55,000 | |
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A+5.0 ★Texas Ratio: 2.29% |
Conventional | 1 | 1.8% | 100% | $145,000 | View |
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A+5.0 ★Texas Ratio: 3.09% |
Conventional | 1 | 1.8% | 100% | $115,000 | View |
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A+5.0 ★Texas Ratio: 3.00% |
Conventional | 1 | 1.8% | 100% | $115,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
Conventional | 1 | 1.8% | 100% | $55,000 | View |
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A4.7 ★Texas Ratio: 2.58% |
USDA | 1 | 1.8% | 100% | $185,000 | View |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
Cobalt Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Oakland 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 Oakland, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Oakland? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Oakland in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Oakland, IA
Use these to narrow the list above. Each category shows how many Oakland, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Oakland, IA
Independent mortgage companies closed 44.6 percent of home loans in Oakland, Iowa in 2025, banks 50 percent and credit unions 5.4 percent. Iowa Bankers Mortgage Corporation was the largest mortgage company, Arbor Bank the largest bank and Veridian Credit Union the largest credit union. Among lenders headquartered in Iowa, Shelby County State Bank led with 2 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 Oakland, IA
By home loans closed in 2025, Arbor Bank was the largest mortgage lender in Oakland, Iowa with 8 loans, about 14.3 percent of the market. The largest lender headquartered in Iowa was Shelby County State Bank with 2 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
6 lenders closed FHA loans in Oakland, Iowa in 2025, led by Rocket Mortgage with 1. 4 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. 15 banks and 4 credit unions closed home loans in Oakland, Iowa in 2025, alongside 14 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 Oakland, 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 Oakland, 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 Oakland. 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.
