Iowa Mortgage Rates (2026)
Current average mortgage rates, median home prices, and top lenders in Iowa. Rates apply to primary residence purchases with good credit (740+).
30yr Fixed
7.06%
Avg APR
15yr Fixed
6.46%
Avg APR
Median Price
$210,000
Median home
Monthly P&I
$1,120
30yr at 80% LTV
Advertisement
Top Mortgage Lenders in Iowa
1
Get RateRocket Mortgage
Online convenience
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
2
Get RateChase
Existing customers
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
3
Get RateWells Fargo
Branch access
30yr Fixed
7.1%
15yr Fixed
6.5%
Min Down
3%
4
Get RateBank of America
Preferred Rewards
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
5
Get RateloanDepot
Low down payment
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
Advertisement
First-Time Buyer Programs in Iowa
- ✓Iowa Finance Authority FirstHome Program
- ✓Iowa Finance Homes for Iowans
Mortgage Requirements in Iowa
- •Min 640 credit score for IFA programs
- •Income limits apply
- •Complete 8-hour homebuyer education course
Iowa Housing Market Facts
Des Moines is consistently rated a top city for first-time homebuyers.
Iowa has a stable housing market with slow but steady appreciation.
Low property taxes (1.57% avg, but low base values keep bills modest).
Advertisement