Mortgage Lenders and Brokers in Ottumwa, 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
Ottumwa, Iowa mortgage lenders include Community 1st Credit UnionCommunity 1st Credit Union739 Pennsylvania Ave, Ottumwa, IA 52501B4.4 ★Texas Ratio: 22.12%, US Bank, N.A.US Bank, N.A.123 E 3rd St, Ottumwa, IA 52501A+5.0 ★Texas Ratio: 2.85%, Wells Fargo Bank NAWells Fargo Bank NA231 W 2nd St, Ottumwa, IA 52501A+5.0 ★Texas Ratio: 5.36%, First State BankFirst State Bank129 E Main St, Agency, IA 52530A+5.0 ★Texas Ratio: 1.47%, Washington State BankWashington State Bank134 Main St, Columbus Junction, IA 52738A+5.0 ★Texas Ratio: 5.66%, 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%, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA435 S Duff Ave, Ames, IA 50010A+5.0 ★Texas Ratio: 3.68%, Central BankCentral Bank2805 N Ankeny Blvd, Ankeny, IA 50023A+5.0 ★Texas Ratio: 2.72%, and River Valley Credit UnionRiver Valley Credit Union2811 E 13th St, Ames, IA 50010A+5.0 ★Texas Ratio: 4.97%. 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 Ottumwa, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Ottumwa 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 Ottumwa, Iowa
Market share is the lender's share of all home loans closed in Ottumwa, 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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739 Pennsylvania Ave, Ottumwa, IA 52501 B4.4 ★Texas Ratio: 22.12% |
Conventional, HELOC | 110 +30 HELOCs |
28.8% | 82.1% | $84,727 | View |
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1 office in Ottumwa 123 E 3rd St, Ottumwa, IA 52501 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA, HELOC | 36 +3 HELOCs |
9.4% | 85.7% | $131,944 | View |
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1 office in Ottumwa 231 W 2nd St, Ottumwa, IA 52501 A+5.0 ★Texas Ratio: 5.36% |
Conventional, FHA, VA | 8 | 2.1% | 88.9% | $100,000 | View |
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129 E Main St, Agency, IA 52530 A+5.0 ★Texas Ratio: 1.47% |
Conventional | 48 | 12.6% | 100% | $63,125 | View |
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134 Main St, Columbus Junction, IA 52738 A+5.0 ★Texas Ratio: 5.66% |
Conventional | 7 | 1.8% | 87.5% | $73,571 | View |
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104 8th St SE, Altoona, IA 50009 A5.0 ★Texas Ratio: 10.18% |
Conventional, FHA, HELOC | 3 +1 HELOCs |
0.8% | 100% | $101,666 | View |
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2510 SW State St, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 4.74% |
Conventional, HELOC | 2 +1 HELOCs |
0.5% | 75% | $95,000 | View |
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435 S Duff Ave, Ames, IA 50010 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 2 | 0.5% | 100% | $140,000 | View |
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2805 N Ankeny Blvd, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 2.72% |
Conventional | 1 | 0.3% | 100% | $105,000 | View |
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2811 E 13th St, Ames, IA 50010 A+5.0 ★Texas Ratio: 4.97% |
Conventional | 1 | 0.3% | 100% | $185,000 | View |
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240 3rd Ave Se, Cedar Rapids, IA 52401 A+5.0 ★Texas Ratio: 2.40% |
Conventional | 1 | 0.3% | 100% | $65,000 | View |
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5865 Saratoga Rd, Asbury, IA 52002 A+5.0 ★Texas Ratio: 3.87% |
Conventional | 1 | 0.3% | 100% | $65,000 | View |
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5908 Winterberry Dr, Cedar Falls, IA 50613 B4.6 ★Texas Ratio: 20.10% |
Conventional | 1 | 0.3% | 100% | $215,000 | 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 | |
Iowa Bankers Mortgage Corporation
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Conventional | 6 | 1.6% | 100% | $158,333 | |
Residential Mortgage Network, Inc.
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Conventional, FHA | 5 | 1.3% | 100% | $115,000 | |
Midwestone Bank
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Conventional, HELOC | 2 +1 HELOCs |
0.5% | 100% | $235,000 | |
Homeservices Lending LLC
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Conventional | 2 | 0.5% | 100% | $50,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 24 | 6.3% | 73.5% | $115,416 | |
New American Funding, LLC.
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Conventional, FHA | 22 | 5.8% | 81.5% | $75,454 | |
CrossCountry Mortgage, LLC
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Conventional, FHA, VA | 13 | 3.4% | 100% | $143,461 | |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 13 | 3.4% | 100% | $159,615 | View |
Mortgage Research Center
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FHA, VA | 11 | 2.9% | 78.6% | $156,818 | |
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A+5.0 ★Texas Ratio: 5.75% |
Conventional, HELOC | 7 +1 HELOCs |
1.8% | 100% | $133,571 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 7 | 1.8% | 77.8% | $175,000 | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA | 5 | 1.3% | 71.4% | $113,000 | |
Amerisave Mortgage Company
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Conventional, FHA | 3 | 0.8% | 50% | $98,333 | |
Guild Mortgage Company
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Conventional, FHA | 3 | 0.8% | 100% | $78,333 | |
Cardinal Financial Company, Li
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Conventional, FHA | 3 | 0.8% | 100% | $105,000 | |
Planet Home Lending, LLC
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Conventional, FHA | 3 | 0.8% | 100% | $118,333 | |
Nationstar Mortgage
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Conventional, VA | 3 | 0.8% | 60% | $298,333 | |
Royal United Mortgage LLC
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Conventional | 2 | 0.5% | 66.7% | $100,000 | |
loanDepot.com LLC
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Conventional, FHA | 2 | 0.5% | 40% | $135,000 | |
Better Mortgage Corporation
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FHA | 2 | 0.5% | 100% | $180,000 | |
Zillow Home Loans, LLC
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Conventional | 2 | 0.5% | 100% | $155,000 | |
Navy Federal Credit Union
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Conventional, VA | 2 | 0.5% | 100% | $60,000 | |
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A5.0 ★Texas Ratio: 13.21% |
VA | 1 | 0.3% | 100% | $275,000 | View |
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A5.0 ★Texas Ratio: 7.16% |
FHA | 1 | 0.3% | 50% | $95,000 | View |
Newrez LLC
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Conventional | 1 | 0.3% | 100% | $105,000 | |
Envoy Mortgage, Ltd
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FHA | 1 | 0.3% | 100% | $105,000 | |
Pennymac Loan Services LLC
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VA | 1 | 0.3% | 100% | $85,000 | |
Thompson Kane & Company, Inc
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Conventional | 1 | 0.3% | 100% | $165,000 | |
Frontier Financial, Inc. DBA Frontier Mortgage
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FHA | 1 | 0.3% | 100% | $165,000 | |
Oceanside Mortgage Company
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FHA | 1 | 0.3% | 100% | $175,000 | |
American Financing Corporation
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FHA | 1 | 0.3% | 50% | $155,000 | |
Marine Credit Union
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Conventional | 1 | 0.3% | 100% | $195,000 | |
Waterstone Mortgage Corporation
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Conventional | 1 | 0.3% | 100% | $155,000 | |
American Pacific Mortgage Corporation
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Conventional | 1 | 0.3% | 100% | $125,000 | |
Tjc Mortgage Inc
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Conventional | 1 | 0.3% | 100% | $55,000 | |
I H Mississippi Valley Credit Union
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Conventional | 1 | 0.3% | 100% | $135,000 | |
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A+5.0 ★Texas Ratio: 2.29% |
VA | 1 | 0.3% | 100% | $155,000 | View |
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A-5.0 ★Texas Ratio: 15.39% |
Conventional | 1 | 0.3% | 100% | $165,000 | View |
Compass Mortgage, Inc.
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FHA | 1 | 0.3% | 100% | $185,000 | |
Fairway Independent Mort Corp
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VA | 1 | 0.3% | 100% | $265,000 | |
Spring Eq, LLC
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Conventional | 1 | 0.3% | 50% | $55,000 | |
Figure Lending 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 | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Lendage, LLC dba Achieve Loans
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HELOC | 0 +1 HELOCs |
0% | n/a |
Ottumwa 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 Ottumwa, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Ottumwa? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Ottumwa in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Ottumwa, IA
Use these to narrow the list above. Each category shows how many Ottumwa, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Ottumwa, IA
Independent mortgage companies closed 34.3 percent of home loans in Ottumwa, Iowa in 2025, banks 31.9 percent and credit unions 33.8 percent. Iowa Bankers Mortgage Corporation was the largest mortgage company, US Bank, N.A. the largest bank and Community 1st Credit Union the largest credit union. Among lenders headquartered in Iowa, Community 1st Credit Union led with 110 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 Ottumwa, IA
By home loans closed in 2025, Community 1st Credit Union was the largest mortgage lender in Ottumwa, Iowa with 110 loans, about 28.8 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Ottumwa, Iowa, Community 1st Credit Union approved the highest share of completed applications in 2025 at 82.1 percent, against a 85.4 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.
22 lenders closed FHA loans in Ottumwa, Iowa in 2025, led by US Bank, N.A. with 9. 12 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. 16 banks and 10 credit unions closed home loans in Ottumwa, Iowa in 2025, alongside 33 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 Ottumwa, 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 Ottumwa, 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 Ottumwa. 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.
