Mortgage Lenders and Brokers in Waterloo, 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
Waterloo, Iowa mortgage lenders include Veridian Credit UnionVeridian Credit Union2181 Logan Ave, Waterloo, IA 50703A+5.0 ★Texas Ratio: 4.74%, BankiowaBankiowa3222 Kimball Ave, Waterloo, IA 50702A5.0 ★Texas Ratio: 6.18%, Farmers State BankFarmers State Bank224 W 6th St, Waterloo, IA 50701A+5.0 ★Texas Ratio: 0.10%, US Bank, N.A.US Bank, N.A.3130 Kimball Ave, Waterloo, IA 50702A+5.0 ★Texas Ratio: 2.85%, Regions BankRegions Bank412 Mulberry St, Waterloo, IA 50703A+5.0 ★Texas Ratio: 4.37%, Cedar Rapids Bank and TrustCedar Rapids Bank and Trust422 Commercial St, Waterloo, IA 50701A+5.0 ★Texas Ratio: 2.24%, Wells Fargo Bank NAWells Fargo Bank NA3065 Kimball Ave, Waterloo, IA 50702A+5.0 ★Texas Ratio: 5.36%, Lincoln Savings BankLincoln Savings Bank242 Tower Park Dr, Waterloo, IA 50701D3.5 ★Texas Ratio: 33.42%, Heartland Bank & Trust CompanyHeartland Bank & Trust Company4020 Bankers Blvd, Waterloo, IA 50701A+5.0 ★Texas Ratio: 0.84%, and Greenstate Credit UnionGreenstate Credit Union930 Tower Park Dr, Waterloo, IA 50701A5.0 ★Texas Ratio: 10.18%. 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 Waterloo, Iowa in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Waterloo 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 Waterloo, Iowa
Market share is the lender's share of all home loans closed in Waterloo, 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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2181 Logan Ave, Waterloo, IA 50703 A+5.0 ★Texas Ratio: 4.74% |
Conventional, VA, HELOC | 491 +256 HELOCs |
37.1% | 93.4% | $112,881 | View |
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2 offices in Waterloo 3222 Kimball Ave, Waterloo, IA 50702 A5.0 ★Texas Ratio: 6.18% |
Conventional | 72 | 5.4% | 96.1% | $85,277 | View |
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1 office in Waterloo 224 W 6th St, Waterloo, IA 50701 A+5.0 ★Texas Ratio: 0.10% |
Conventional | 56 | 4.2% | 83.8% | $130,178 | View |
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3 offices in Waterloo 3130 Kimball Ave, Waterloo, IA 50702 A+5.0 ★Texas Ratio: 2.85% |
Conventional, FHA, VA, HELOC | 14 +23 HELOCs |
1.1% | 70% | $112,142 | View |
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2 offices in Waterloo 412 Mulberry St, Waterloo, IA 50703 A+5.0 ★Texas Ratio: 4.37% |
Conventional, FHA, HELOC | 5 +1 HELOCs |
0.4% | 31.2% | $93,000 | View |
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2 offices in Waterloo 422 Commercial St, Waterloo, IA 50701 A+5.0 ★Texas Ratio: 2.24% |
Conventional | 4 | 0.3% | 80% | $272,500 | View |
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1 office in Waterloo 3065 Kimball Ave, Waterloo, IA 50702 A+5.0 ★Texas Ratio: 5.36% |
Conventional | 2 | 0.2% | 66.7% | $110,000 | View |
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1 office in Waterloo 242 Tower Park Dr, Waterloo, IA 50701 D3.5 ★Texas Ratio: 33.42% |
Conventional | 2 | 0.2% | 66.7% | $70,000 | View |
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1 office in Waterloo 4020 Bankers Blvd, Waterloo, IA 50701 A+5.0 ★Texas Ratio: 0.84% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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930 Tower Park Dr, Waterloo, IA 50701 A5.0 ★Texas Ratio: 10.18% |
Conventional, FHA, VA, HELOC | 299 +79 HELOCs |
22.6% | 95.7% | $145,802 | View |
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123 W 4th St, Cedar Falls, IA 50613 2831 A+5.0 ★Texas Ratio: 3.82% |
Conventional | 39 | 2.9% | 97.6% | $71,666 | View |
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218 W Mullan Ave, Waterloo, IA 50701 A+5.0 ★Texas Ratio: 3.87% |
Conventional, HELOC | 22 +45 HELOCs |
1.7% | 65.7% | $151,363 | View |
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602 Main St, Cedar Falls, IA 50613 A+5.0 ★Texas Ratio: 3.43% |
Conventional | 19 | 1.4% | 100% | $132,368 | View |
Peoples Savings Bank
33149 159th Street, Ackley, IA 50601 |
Conventional | 11 | 0.8% | 100% | $85,000 | |
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1022 Skylar St, Denver, IA 50622 A+5.0 ★Texas Ratio: 0.67% |
Conventional | 8 | 0.6% | 100% | $97,500 | View |
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107 S Garnavillo St, Anamosa, IA 52205 A5.0 ★Texas Ratio: 12.05% |
Conventional | 8 | 0.6% | 100% | $185,000 | View |
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5908 Winterberry Dr, Cedar Falls, IA 50613 B4.6 ★Texas Ratio: 20.10% |
Conventional, HELOC | 7 +3 HELOCs |
0.5% | 70% | $96,428 | View |
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435 S Duff Ave, Ames, IA 50010 A+5.0 ★Texas Ratio: 3.68% |
Conventional | 4 | 0.3% | 100% | $180,000 | View |
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650 Main St, Ackley, IA 50601 A+5.0 ★Texas Ratio: 3.49% |
Conventional | 3 | 0.2% | 100% | $91,666 | View |
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16390 Holcomb Ct, Clive, IA 50325 A+5.0 ★Texas Ratio: 1.00% |
Conventional | 2 | 0.2% | 100% | $125,000 | View |
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3820 8th St Sw, Altoona, IA 50009 A+5.0 ★Texas Ratio: 2.48% |
Conventional, HELOC | 1 +2 HELOCs |
0.1% | 100% | $155,000 | View |
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129 E Main St, Agency, IA 52530 A+5.0 ★Texas Ratio: 1.47% |
Conventional | 1 | 0.1% | 100% | $75,000 | View |
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100 1st Ave Ne, Cedar Rapids, IA 52401 A5.0 ★Texas Ratio: 6.98% |
Conventional | 1 | 0.1% | 100% | $45,000 | View |
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602 Main St, Cedar Falls, IA 50613 A5.0 ★Texas Ratio: 8.81% |
Conventional | 1 | 0.1% | 100% | $35,000 | View |
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106 E Main St, Decorah, IA 52101 A+5.0 ★Texas Ratio: 0.00% |
Conventional | 1 | 0.1% | 100% | $95,000 | View |
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4343 Utica Ridge Rd, Bettendorf, IA 52722 A+5.0 ★Texas Ratio: 4.99% |
Conventional | 1 | 0.1% | 50% | $25,000 | View |
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3355 Devils Glen Rd, Bettendorf, IA 52722 A+5.0 ★Texas Ratio: 3.96% |
Conventional | 1 | 0.1% | 50% | $255,000 | View |
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2709 Northridge Pkwy, Ames, IA 50010 A5.0 ★Texas Ratio: 11.68% |
Conventional | 1 | 0.1% | 100% | $835,000 | View |
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100 E Railroad St, Afton, IA 50830 A+5.0 ★Texas Ratio: 1.69% |
Conventional | 1 | 0.1% | 100% | $385,000 | View |
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328 Main St, Elma, IA 50628 A+5.0 ★Texas Ratio: 3.08% |
Conventional | 1 | 0.1% | 100% | $205,000 | View |
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141 Main St, Readlyn, IA 50668 A5.0 ★Texas Ratio: 10.84% |
Conventional | 1 | 0.1% | 100% | $65,000 | View |
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321 Main St, La Porte City, IA 50651 B+4.8 ★Texas Ratio: 17.13% |
Conventional | 1 | 0.1% | 100% | $65,000 | View |
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601 13th St, Belle Plaine, IA 52208 A+5.0 ★Texas Ratio: 0.92% |
Conventional | 1 | 0.1% | 100% | $205,000 | View |
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818 8th st SW, Altoona, IA 50009 A+5.0 ★Texas Ratio: 3.41% |
HELOC | 0 +2 HELOCs |
0% | n/a | 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, VA | 11 | 0.8% | 91.7% | $193,181 | |
Midwestone Bank
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Conventional, HELOC | 4 +10 HELOCs |
0.3% | 100% | $215,000 | |
Contract Exchange Corporation
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Conventional | 1 | 0.1% | 100% | $175,000 | |
Residential Mortgage Network, Inc.
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Conventional | 1 | 0.1% | 100% | $125,000 | |
Rocket Mortgage
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Conventional, FHA, VA | 34 | 2.6% | 79.1% | $137,352 | |
United Wholesale Mortgage
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Conventional, FHA, VA | 22 | 1.7% | 88% | $186,818 | |
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A+5.0 ★Texas Ratio: 5.75% |
Conventional, HELOC | 21 +17 HELOCs |
1.6% | 78.6% | $145,476 | |
Guaranteed Rate, Inc.
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Conventional, FHA, VA | 17 | 1.3% | 89.5% | $160,294 | |
Mortgage Research Center
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VA | 17 | 1.3% | 85% | $212,058 | |
New American Funding, LLC.
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Conventional, FHA | 14 | 1.1% | 87.5% | $110,000 | |
Guild Mortgage Company
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Conventional, FHA, VA | 11 | 0.8% | 100% | $209,545 | |
Pennymac Loan Services LLC
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Conventional, VA | 8 | 0.6% | 61.5% | $83,750 | |
Cardinal Financial Company, Li
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Conventional, FHA | 7 | 0.5% | 87.5% | $146,428 | |
American Pacific Mortgage Corporation
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Conventional, FHA, VA | 7 | 0.5% | 87.5% | $145,000 | |
21St Mortgage
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Conventional | 6 | 0.5% | 30.8% | $43,333 | |
loanDepot.com LLC
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Conventional, FHA, VA | 5 | 0.4% | 50% | $115,000 | |
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A+5.0 ★Texas Ratio: 1.69% |
Conventional | 4 | 0.3% | 100% | $252,500 | View |
New Day Financial, LLC.
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VA | 4 | 0.3% | 57.1% | $182,500 | |
Amerisave Mortgage Company
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Conventional, FHA, VA | 3 | 0.2% | 21.4% | $115,000 | |
Endeavor Capital, LLC
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FHA | 3 | 0.2% | 100% | $161,666 | |
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A+5.0 ★Texas Ratio: 0.51% |
Conventional | 3 | 0.2% | 100% | $91,666 | View |
Primelending
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Conventional, FHA | 2 | 0.2% | 100% | $230,000 | |
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A+5.0 ★Texas Ratio: 0.00% |
FHA, VA | 2 | 0.2% | 60% | $335,000 | View |
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A+5.0 ★Texas Ratio: 3.05% |
Conventional | 2 | 0.2% | 100% | $135,000 | View |
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A+5.0 ★Texas Ratio: 2.20% |
Conventional, VA | 2 | 0.2% | 100% | $225,000 | View |
Mortgage Solutions of Colorado
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VA | 2 | 0.2% | 100% | $270,000 | |
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A5.0 ★Texas Ratio: 7.37% |
Conventional | 2 | 0.2% | 100% | $105,000 | View |
Carrington Mortgage Services LLC
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Conventional, FHA | 2 | 0.2% | 66.7% | $105,000 | |
Village Capital & Investment
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VA | 2 | 0.2% | 100% | $205,000 | |
Navy Federal Credit Union
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VA, HELOC | 1 +1 HELOCs |
0.1% | 50% | $225,000 | |
Alliant Credit Union
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Conventional | 1 | 0.1% | 100% | $545,000 | |
Consumer Real Estate Finance Co DBA Society Mortgage
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FHA | 1 | 0.1% | 100% | $115,000 | |
Zippy Loans, LLC
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Conventional | 1 | 0.1% | 33.3% | $25,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 0.1% | 50% | $55,000 | |
Gold Star Mortgage Financial Group, Corporation
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Conventional | 1 | 0.1% | 100% | $105,000 | |
Newrez LLC
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VA | 1 | 0.1% | 25% | $245,000 | |
CrossCountry Mortgage, LLC
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FHA | 1 | 0.1% | 100% | $115,000 | |
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D3.3 ★Texas Ratio: 35.11% |
FHA | 1 | 0.1% | 100% | $285,000 | View |
Synergy One Lending, Inc.
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Conventional | 1 | 0.1% | 100% | $115,000 | |
American Financing Corporation
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Conventional | 1 | 0.1% | 100% | $55,000 | |
Flat Branch Mortgage, Inc.
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Conventional | 1 | 0.1% | 100% | $155,000 | |
Servis One, Inc
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VA | 1 | 0.1% | 100% | $155,000 | |
Transportation Federal Credit Union
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Conventional | 1 | 0.1% | 100% | $35,000 | |
Churchill Mortgage Corporation
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Conventional | 1 | 0.1% | 100% | $95,000 | |
Planet Home Lending, LLC
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VA | 1 | 0.1% | 100% | $255,000 | |
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A+5.0 ★Texas Ratio: 1.41% |
VA | 1 | 0.1% | 100% | $275,000 | View |
Nationstar Mortgage
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Conventional | 1 | 0.1% | 100% | $205,000 | |
Stockton Mortgage Corporation
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FHA | 1 | 0.1% | 100% | $95,000 | |
I H Mississippi Valley Credit Union
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Conventional | 1 | 0.1% | 100% | $355,000 | |
Lower, LLC
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Conventional | 1 | 0.1% | 100% | $245,000 | |
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A4.8 ★Texas Ratio: 2.45% |
Conventional | 1 | 0.1% | 100% | $165,000 | View |
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A5.0 ★Texas Ratio: 9.09% |
FHA | 1 | 0.1% | 100% | $135,000 | View |
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A4.7 ★Texas Ratio: 2.58% |
Conventional | 1 | 0.1% | 100% | $55,000 | View |
Spring Eq, LLC
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Conventional | 1 | 0.1% | 25% | $65,000 | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +4 HELOCs |
0% | n/a | View | |
Figure Lending LLC
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HELOC | 0 +3 HELOCs |
0% | n/a | ||
Quorum Federal Credit Union
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HELOC | 0 +1 HELOCs |
0% | n/a |
Waterloo 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 Waterloo, Iowa
Looking for mortgage lenders near me or mortgage brokers near me in Waterloo? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Waterloo in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Waterloo, IA
Use these to narrow the list above. Each category shows how many Waterloo, IA lenders fit and what that kind of lender is usually best for.
Who Lends in Waterloo, IA
Independent mortgage companies closed 14.9 percent of home loans in Waterloo, Iowa in 2025, banks 18.3 percent and credit unions 66.9 percent. Iowa Bankers Mortgage Corporation was the largest mortgage company, Bankiowa the largest bank and Veridian Credit Union the largest credit union. Among lenders headquartered in Iowa, Veridian Credit Union led with 491 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 Waterloo, IA
By home loans closed in 2025, Veridian Credit Union was the largest mortgage lender in Waterloo, Iowa with 491 loans, about 37.1 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Among lenders with meaningful volume in Waterloo, Iowa, Bankiowa approved the highest share of completed applications in 2025 at 96.1 percent, against a 88 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.
21 lenders closed FHA loans in Waterloo, Iowa in 2025, led by Greenstate Credit Union with 13. 23 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. 37 banks and 16 credit unions closed home loans in Waterloo, Iowa in 2025, alongside 39 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 Waterloo, 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 Waterloo, 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 Waterloo. 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.
