Find the best mortgage rates and loan options in Iowa. Compare 30-year fixed, 15-year fixed, FHA, and VA loans to secure your dream home.
A 0.5% difference in mortgage rate on a $350,000 loan saves over $35,000 in interest over 30 years. Always get at least 3 quotes before choosing a lender.
Iowa, known as the Hawkeye State, has a population of 3.2M with a median household income of approximately $60,000. The current unemployment rate stands at 2.7%, which lenders consider when evaluating applications from Iowa residents.
Major financial hub: Des Moines is the primary financial center for Iowa residents, with access to both national and regional lenders.
Median Home Value [Zillow, Feb 2026]
Median Household Income [FRED, 2024]
Population [World Population Review, 2026]
Zillow
APR Range: 5.625% - 6.125%
"Personalized rates updated daily"
Farmers State Bank
APR Range: 5.500% - 6.125%
"Strong local presence and VA loan options"
US Bank
APR Range: 6.250% - 6.425%
"Wide range of mortgage products"
Veridian Credit Union
APR Range: 5.625% - 6.125%
"Member-focused with competitive rates"
Hills Bank
APR Range: 5.84% - 6.125%
"Strong local presence and personalized service"
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| Loan Type | Rate | APR | Lender (Example) | Key Features |
|---|---|---|---|---|
| 30-Year Fixed | 6.125% | 6.313% | Zillow Home Loans | Most common, stable monthly payments |
| 15-Year Fixed | 5.625% | 5.921% | Zillow Home Loans | Lower interest, faster payoff |
| 30-Year FHA | 5.875% | 6.529% | Zillow Home Loans | Low down payment, flexible credit |
| 30-Year VA | 6.000% | 6.273% | Zillow Home Loans | No down payment for eligible veterans |
| 20-Year Fixed | 6.125% | 6.376% | Zillow Home Loans | Balance of lower interest and manageable payments |
| 7-Year ARM | 6.25% | N/A | Zillow Home Loans | Fixed for 7 years, then adjustable |
Compare personalized offers from top Iowa lenders and get pre-approved today.
Get Your Personalized RateFamiliarize yourself with different mortgage options like fixed-rate, adjustable-rate, FHA, and VA loans to see which best fits your financial situation and goals.
Don t't just go with the first offer. Shop around and compare rates from several lenders to ensure you're getting the most competitive deal available in Iowa.
Evaluate your credit score, debt-to-income ratio, and down payment capabilities. These factors significantly influence the rates and loan products you qualify for.
While the interest rate is crucial, also consider closing costs, lender fees, and the overall loan terms. A slightly higher rate with lower fees might be a better deal in the long run.
As of April 4, 2026, the average 30-year fixed mortgage rate in Iowa is 6.125%, and the average 15-year fixed rate is 5.625%.
FHA loans in Iowa typically require a minimum credit score of 580 for a 3.5% down payment. Borrowers with scores between 500-579 may qualify with a larger down payment. FHA loan limits vary by county, with a floor of $541,287 for single-family homes in most areas for 2026.
Eligible veterans who have served 181 days during peacetime or 90 days during wartime (active duty), or 6 years in the Reserves or National Guard, may qualify for a VA loan in Iowa. While the VA does not set a minimum credit score, most lenders require 620 or higher.
As of February 2026, the average home value in Iowa is $227,764, showing a 3.5% increase over the past year.
To secure the best mortgage rate, compare offers from multiple lenders, improve your credit score, reduce your debt-to-income ratio, and consider a larger down payment. Working with a knowledgeable loan officer can also help you navigate options.