Mortgage Lenders and Brokers in Red Oak, 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
Red Oak, Iowa mortgage lenders include Houghton State BankHoughton State Bank1609 N Broadway St, Red Oak, IA 51566A5.0 ★Texas Ratio: 8.40%, Bank IowaBank Iowa1805 N Broadway St, Red Oak, IA 51566A5.0 ★Texas Ratio: 12.73%, First Interstate BankFirst Interstate Bank2100 Commerce Dr, Red Oak, IA 51566A+5.0 ★Texas Ratio: 4.72%, Veridian Credit UnionVeridian Credit Union2510 SW State St, Ankeny, IA 50023A+5.0 ★Texas Ratio: 4.74%, US Bank, N.A.US Bank, N.A.323 E Reed St, Red Oak, IA 51566A+5.0 ★Texas Ratio: 2.85%, Midstates Bank NAMidstates Bank NA206 N Elm St, Avoca, IA 51521A+5.0 ★Texas Ratio: 1.89%, Malvern BankMalvern Bank404 Main St, Malvern, IA 51551A+5.0 ★Texas Ratio: 3.64%, Iowa Bankers Mortgage CorporationIowa Bankers Mortgage CorporationJohnston, IA, Rocket Mortgage, and Nationstar 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 Red Oak, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Red Oak 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 Red Oak, Iowa
Market share is the lender's share of all home loans closed in Red Oak, 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 Red Oak 1609 N Broadway St, Red Oak, IA 51566 A5.0 ★Texas Ratio: 8.40% |
Conventional | 16 | 15.7% | 94.1% | $28,750 | View |
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1 office in Red Oak 1805 N Broadway St, Red Oak, IA 51566 A5.0 ★Texas Ratio: 12.73% |
Conventional, USDA, HELOC | 11 +10 HELOCs |
10.8% | 100% | $121,363 | View |
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★ 1 stars, 1 review 1 office in Red Oak 2100 Commerce Dr, Red Oak, IA 51566 A+5.0 ★Texas Ratio: 4.72% |
HELOC | 0 +3 HELOCs |
0% | 0% | View | |
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2510 SW State St, Ankeny, IA 50023 A+5.0 ★Texas Ratio: 4.74% |
Conventional, VA, HELOC | 5 +2 HELOCs |
4.9% | 83.3% | $119,000 | View |
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323 E Reed St, Red Oak, IA 51566 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA, HELOC | 2 +2 HELOCs |
2% | 50% | $145,000 | View |
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206 N Elm St, Avoca, IA 51521 A+5.0 ★Texas Ratio: 1.89% |
Conventional | 1 | 1% | 100% | $45,000 | View |
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404 Main St, Malvern, IA 51551 A+5.0 ★Texas Ratio: 3.64% |
Conventional | 1 | 1% | 100% | $125,000 | View |
Iowa Bankers Mortgage Corporation
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Conventional, FHA | 4 | 3.9% | 66.7% | $155,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 14 | 13.7% | 87.5% | $131,428 | |
Nationstar Mortgage
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Conventional, VA | 4 | 3.9% | 100% | $82,500 | |
New American Funding, LLC.
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Conventional, FHA | 4 | 3.9% | 100% | $97,500 | |
Ark-La-Tex Financial Services LLC
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Conventional | 4 | 3.9% | 100% | $70,000 | |
Gold Star Mortgage Financial Group, Corporation
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Conventional | 3 | 2.9% | 100% | $111,666 | |
Churchill Mortgage Corporation
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Conventional, FHA | 3 | 2.9% | 100% | $108,333 | |
Guaranteed Rate, Inc.
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Conventional, FHA | 2 | 2% | 100% | $55,000 | |
Everett Financial, Inc.
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Conventional | 2 | 2% | 100% | $140,000 | |
Guild Mortgage Company
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Conventional | 2 | 2% | 100% | $95,000 | |
Castle & Cooke Mortgage, LLC
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VA, USDA | 2 | 2% | 66.7% | $110,000 | |
Mortgage Research Center
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VA | 2 | 2% | 50% | $150,000 | |
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A4.7 ★Texas Ratio: 2.58% |
FHA, USDA | 2 | 2% | 66.7% | $95,000 | View |
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A+5.0 ★Texas Ratio: 2.08% |
Conventional, HELOC | 1 +1 HELOCs |
1% | 100% | $125,000 | View |
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A5.0 ★Texas Ratio: 13.21% |
FHA | 1 | 1% | 100% | $135,000 | View |
United Wholesale Mortgage
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VA | 1 | 1% | 100% | $285,000 | |
Nbkc Bank
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Conventional | 1 | 1% | 100% | $335,000 | |
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A+5.0 ★Texas Ratio: 4.11% |
FHA | 1 | 1% | 100% | $105,000 | View |
Pennymac Loan Services LLC
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Conventional | 1 | 1% | 100% | $45,000 | |
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A+5.0 ★Texas Ratio: 0.26% |
Conventional | 1 | 1% | 100% | $135,000 | View |
Flat Branch Mortgage, Inc.
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Conventional | 1 | 1% | 100% | $195,000 | |
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A+5.0 ★Texas Ratio: 0.00% |
FHA | 1 | 1% | 100% | $45,000 | View |
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A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 1% | 100% | $145,000 | View |
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A+5.0 ★Texas Ratio: 1.10% |
VA | 1 | 1% | 100% | $265,000 | View |
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A5.0 ★Texas Ratio: 11.31% |
Conventional | 1 | 1% | 100% | $55,000 | View |
Mutual of Omaha Mortgage
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FHA | 1 | 1% | 100% | $125,000 | |
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★ 1.7 stars, 3 reviews A+5.0 ★Texas Ratio: 4.24% |
Conventional | 1 | 1% | 100% | $215,000 | View |
Farm Credit Mid-America, Aca
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Conventional | 1 | 1% | 50% | $115,000 | |
Navy Federal Credit Union
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VA | 1 | 1% | 100% | $325,000 | |
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B+4.8 ★Texas Ratio: 16.98% |
VA | 1 | 1% | 100% | $205,000 | View |
Village Capital & Investment
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FHA | 1 | 1% | 100% | $45,000 | |
Cobalt Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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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 |
Red Oak 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 Red Oak, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Red Oak? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Red Oak in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Red Oak, IA
Use these to narrow the list above. Each category shows how many Red Oak, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Red Oak, IA
Independent mortgage companies closed 52.9 percent of home loans in Red Oak, Iowa in 2025, banks 39.2 percent and credit unions 7.8 percent. Iowa Bankers Mortgage Corporation was the largest mortgage company, Houghton State Bank the largest bank and Veridian Credit Union the largest credit union. Among lenders headquartered in Iowa, Houghton State Bank led with 16 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 Red Oak, IA
By home loans closed in 2025, Houghton State Bank was the largest mortgage lender in Red Oak, Iowa with 16 loans, about 15.7 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
12 lenders closed FHA loans in Red Oak, Iowa in 2025, led by Rocket Mortgage with 5. 9 lenders closed VA loans, led by Veridian Credit Union, and 3 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 5 credit unions closed home loans in Red Oak, Iowa in 2025, alongside 21 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 Red Oak, 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 Red Oak, 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 Red Oak. 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.
