Current Rates
Today's Mortgage Rates in Iowa
Current rates for 15-year, 30-year, FHA, VA, and USDA home loans in Iowa.
For information about USDA, home construction, or FHA rates, contact FSB's Mortgage department at 319-730-6990 or submit a secure form.
The FSB Difference
Why Choose FSB for Your Mortgage in Iowa
As a community bank, we know the Eastern Iowa market because we live and work here. Our local lenders handle approvals in-house, so you get personalized guidance from application to closing.
Local Decisions
Your application is reviewed by lenders who live and work in Eastern Iowa. We know Cedar Rapids, Iowa City, and Marion because we're part of them.
Family-Owned Since 1927
FSB is committed to your financial well-being, not quarterly earnings. We build relationships that last generations, not just until closing day.
Exclusive Iowa Programs
Access homebuyer grants and special rate programs built for Iowa residents. These are programs you won't find at a national bank.
Where We Lend
Serving Homebuyers Across Eastern Iowa
The same competitive rates and local expertise, no matter where you're buying.
Linn County
Cedar Rapids
Multiple branch locations serving Edgewood Road, downtown, and surrounding neighborhoods.
Linn County
Marion & Hiawatha
Local expertise in Linn County's fastest-growing communities with convenient branch access.
Johnson County
Iowa City & Coralville
Competitive rates and programs for Johnson County homebuyers.
Johnson County
Tiffin & Beyond
Serving expanding communities throughout Eastern Iowa with the same local service.
Don't See Your City?
Across Eastern Iowa
Not sure if we lend in your area? Contact a local lender and we'll find the right path forward for you.
Your rate is based on your credit profile and loan type, not your location. Same competitive rates across all Eastern Iowa communities we serve.
Before You Apply
Mortgage Application Checklist
Gather these three items before you start and your application will move faster.
Bank Statements
Your two most recent statements from all active accounts.
Proof of Income
Recent pay stubs or other income verification documents.
Tax Returns
W-2 or 1099 forms and two years of filed tax returns.
Mortgage Rate FAQs
What are the current mortgage rates in Iowa?
How do Iowa mortgage rates compare to national averages?
Iowa mortgage rates are typically competitive with or below national averages due to the state's stable housing market and lower cost of living. Current Iowa rates through FSB range depending on loan type and term length.
How do I apply for a mortgage in Iowa with FSB?
Apply1 online, contact a lender, or visit any FSB branch in Cedar Rapids, Marion, Hiawatha, or Tiffin. Iowa residents can get preapproved the same day with a local mortgage lender.
What factors affect mortgage rates in Iowa?
Iowa mortgage rates are influenced by your credit score (740+ gets best rates), down payment amount, debt-to-income ratio, loan type (conventional, FHA, VA, USDA), and current federal interest rates. Local Iowa lenders like FSB also consider property location and loan amount.
Can I get pre-approved for a mortgage online in Iowa?
Yes, FSB offers online mortgage pre-approval1 for Iowa homebuyers. The process time varies depending on what you have available, and you'll receive personalized guidance from a local Iowa mortgage lender to determine your buying power and explore available rates.
Does FSB offer special mortgage rate programs in Iowa?
FSB provides exclusive low-rate programs and homebuyer assistance when funds are available. Contact a lender to check your eligibility for special rate programs, first-time homebuyer grants, and other Iowa mortgage assistance options.
Keep Exploring
Mortgage Resources for Iowa Residents
Whether you're buying your first home, refinancing, or planning a custom build, FSB offers local support and financing options across Eastern Iowa. From FHA and VA loans to USDA and conventional options, our team helps you compare rates, understand costs, and find the loan that fits your budget.
Iowa Mortgage Programs & Assistance
You may qualify for grants that reduce your upfront costs. FSB works with state and federal programs designed specifically for Iowa residents.
Explore Mortgage Grants in Iowa →
Connect with a Local Mortgage Lender
Our lenders know the Iowa home market and can walk you through your options. Reach out through our contact form to start the conversation.
Connect with a Local Lender →
Get Started with Confidence
Ready to start your homebuying journey? Learn how to apply for a mortgage and make your homeownership dreams a reality!
Mortgage Rate Disclosures
1Must be 18 or older to apply. All loans are subject to credit approval.
2Mortgage payment examples are based on a $150,000 loan with a minimum credit score of 740. Payment does not include taxes, insurance, or private mortgage insurance, if required as a condition of the loan. Actual terms and payment amounts vary based on each borrower’s unique situation. Other rates, terms and payment options are available.
3Rate is subject to change without notice. Contact FSB’s mortgage department for the most current rate. Loan term of 241-360 months/more than 20 years up to 30 years. Loan must be for a primary residence. Effective March 3, 2026; program runs until funds are exhausted.
4Must be 18 or older to apply. All loans are subject to credit approval. Credit score must be 680 or higher. Income-based eligibility for households earning less than 80% of the area’s median income. Must be an active FSB customer. Limited funds are available.
5Median income is determined by Federal Housing Finance Agency (FHFA) and varies due to county.
†All rates are subject to change without notice. Actual rate may be higher based on credit history, occupancy, LTV and loan type. No discount points. The rates provided assume the purpose of the loan is to purchase a single family residence that will be used as a primary residence. FSB is not responsible for typographical errors or omissions.
‡As little as 3% down payment to purchase a home, with a loan amount of $125,000 or less and a credit score over 740. Contact a mortgage lender to see if you qualify for the HomeReady loan program.
Call FSB's Mortgage department for more information: 319-730-6990
