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Today's Mortgage Rates in Iowa

Get a Lower rate in Iowa whether you're buying, looking to get cash out of your home or lower your monthly mortgage payment.

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IA Mortgage Rate Insights

  • The 30-Year Conventional Mortgage rate is 7.250%.
  • The 30-Year Conventional Refinance rate is 7.375%.
  • Rates are current as of October 8, 2026.

Current Iowa Mortgage Rates

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Mortgage Rates Trend in Iowa

Historical rates shown for context only. See full disclosures below and current rates in the table above. View Legal Disclosures

What Affects Mortgage Rates in Iowa

Iowa mortgage pricing follows national lending markets rather than rates set by state borders. Your credit profile, loan structure, property details and other application factors can affect the pricing offered to you.

A mortgage quote for a home in Des Moines can differ from one for a property in rural Iowa when the borrower, property or loan details change.

When comparing lenders for a home purchase, look at both the interest rate and the annual percentage rate, or APR. The interest rate is the percentage charged for borrowing the principal. APR is a broader annualized measure that includes the interest rate plus certain loan costs.

Comparing both can help you identify differences between offers with similar interest rates but different qualifying costs.

You can review Iowa refinance rates if you're considering refinancing your current home loan.

Types of Mortgages Available in Iowa

Iowans buying a home can choose among several mortgage structures, while the amount borrowed determines whether conventional financing stays within Iowa's statewide conforming limit.

  • A conventional fixed-rate mortgage keeps the same interest rate for the full loan term. Your credit profile, down payment, property and other application details affect the terms available to you.

  • FHA loans in Iowa follow separate borrower and property requirements. FHA loan limits are set separately from conforming limits and are published county by county.

  • Eligible borrowers can compare Iowa VA loan rates. VA financing follows its own borrower and property requirements.

  • USDA loans combine borrower qualification with property eligibility and may apply when you are buying in an eligible rural part of Iowa.

  • An adjustable-rate mortgage can change after its initial rate period according to the loan terms. Review the adjustment schedule and how later changes could affect your payment.

  • A jumbo loan finances an amount above the applicable conforming limit. Iowa uses one statewide one-unit threshold for 2026, which is covered in the next section.

Buyers entering the market for the first time can compare first-time homebuyer loan options in Iowa.

Mortgage insurance treatment depends on the loan program, so include mortgage insurance requirements by loan type when estimating the full payment.

2026 Conforming and Jumbo Loan Limits in Iowa

All 99 counties in Iowa use the same $832,750 one-unit conforming loan limit for 2026. The Federal Housing Finance Agency, or FHFA, sets conforming loan limits annually.

A one-unit mortgage above $832,750 falls into the jumbo category anywhere in Iowa. The threshold applies to the amount borrowed rather than the home's purchase price, so a higher-priced home can still use conforming financing when the mortgage itself stays within the limit.

Buyers borrowing above $832,750 can compare Iowa jumbo loan rates. Because the same one-unit limit applies across all 99 counties, there is no county-level conforming table to check.

These are 2026 limits for one-unit properties. Limits for two-, three- and four-unit properties are higher. The FHFA publishes annual conforming loan limit values by county and property size.

FHA financing uses a separate limit system. FHA loan limits in Iowa are set separately from conforming limits and are published county by county. The VA does not impose a loan limit for eligible borrowers with full entitlement. Lenders may still apply their own underwriting and loan-size requirements, and Iowa VA loan rates are published separately.

Iowa Mortgage Payment Examples By Rate

Iowa's payment examples extend to an $800,000 mortgage, which remains below the statewide $832,750 one-unit conforming limit for 2026. The table shows principal-and-interest payments across the supplied loan amounts and rates. Use the Iowa mortgage payment calculator to test a different loan amount or other mortgage details.

Loan Amount 5.50% 5.75% 6.00% 6.25% 6.50%
$800,000 $4,542 $4,669 $4,796 $4,926 $5,057
$700,000 $3,975 $4,085 $4,197 $4,310 $4,424
$600,000 $3,407 $3,501 $3,597 $3,694 $3,792
$500,000 $2,839 $2,918 $2,998 $3,079 $3,160
$400,000 $2,271 $2,334 $2,398 $2,463 $2,528
$300,000 $1,703 $1,751 $1,799 $1,847 $1,896

The figures cover principal and interest only. Property taxes, homeowners insurance, mortgage insurance, association fees and other costs are not included.

Iowa Mortgage FAQs

Are there homebuyer assistance programs in Iowa?

The Iowa Finance Authority provides information about available homebuyer programs, eligibility and application requirements.

What is the conforming loan limit in Iowa for 2026?

Every county in Iowa uses a 2026 one-unit conforming loan limit of $832,750. A one-unit mortgage above $832,750 falls into the jumbo category statewide.

How can I get a lower mortgage rate?

Your credit profile, debt load and down payment can affect the pricing offered to you. Compare mortgage offers using APR as well as the interest rate. Temporary rate buydowns and seller concessions can also affect the cost or payment structure of a transaction. Compare the complete terms of the offers you receive.

How will property taxes and insurance in Iowa
affect my mortgage payment?

Property taxes and homeowners insurance are usually collected monthly when your mortgage uses an escrow account. The lender holds those amounts until the bills are due, so the full monthly payment exceeds principal and interest alone. Review escrow requirements by loan type and property taxes by state and county when estimating these costs.

Find Out Why Iowans Love Lower

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5.0

Great communication! Fast and very clear instructions.

Gerard V.

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September 28, 2026

5.0

Working with Laura was fantastic. She was always available and quick to answer our questions.

Craig M.

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July 13, 2026

5.0

We had some hiccups with the title company but Greg found another one that could deal with our situation and we got the deal closed.

Clay F.

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August 31, 2026

5.0

Everyone I dealt with was very friendly and helpful. They made it a much less stressful situation

Jenny G.

Verified Customer

October 2, 2026

5.0

John is so thorough and such a wonderful and caring person to work with! He always responded to my calls quickly and answered all my questions. He worked very hard to get us the perfect loan along with helping in many other ways. I am so grate…ful for his help and experience! He made the whole process much easier for us. Thank you!!

Melanie I.

Verified Customer

September 21, 2026

5.0

We cannot thank Nadia and her entire team enough for everything they did for us throughout our home-buying journey. From the very first day until well after closing, Nadia was always there for us—answering every question, guiding us through eve…ry step, and making sure we never felt alone in the process. Buying a home can be stressful, especially when unexpected challenges come up. There were moments when we truly thought our dream of buying a home might not happen. But thanks to Nadia's optimism, professionalism, patience, and the incredible support of her entire team, we never lost hope. They kept encouraging us, finding solutions, and helping us move forward. What touched us the most was how genuinely they cared. We never felt like just another transaction or another file on someone's desk. They treated us with kindness, compassion, and respect, making us feel more like family than clients. They truly listened to our concerns, supported us every step of the way, and celebrated this milestone with us. My husband and I are beyond grateful and incredibly happy in our new home. We wholeheartedly recommend Nadia to anyone looking for a knowledgeable, dedicated, and caring loan officer. If you want someone who will truly stand by your side from beginning to end, Nadia is the person to trust.

Elena T.

Verified Customer

July 21, 2026

5.0

Danelle was very accessible and help with every need effortlessly . She made a stressful experience not stressful! thank you for all you do, Bill Condron

William C.

Verified Customer

July 24, 2026

5.0

Rachelle was great to work with and made sure that we got the notifications and paperwork signed timely. She kept our closing on schedule and is highly recommended.

Megan E.

Verified Customer

July 9, 2026

5.0

Thank you for all you did for us!

Emily B.

Verified Customer

September 4, 2026

5.0

The consistency of communication, and attitude.

Tatianna T.

Verified Customer

August 25, 2026

5.0

Tom was great to work with. He helped explain any of the terms I questioned with patience. He and Michelle got everything done and organized and pushed through so efficiently with my tight time line. Couldn't have done it without them!

Chelsea C.

Verified Customer

September 18, 2026

5.0

We were not looking for a new home, but when our dream property became available, everything moved so fast, it could have been stressful and difficult. Dante and his team made the process smooth and reduced the potential stress for us. They wer…e truly exceptional throughout the process. Everyone was prompt, responsive, thorough, communicative and personable at every turn. Whenever we had questions, they worked with us to answer them quickly and made sure we were prepared and comfortable with each step. We are so grateful to have had these folks walking alongside us. Not only did we have a stellar financing experience, we emerged from it with new, treasured friends – what a blessing!

Brandi H.

Verified Customer

August 25, 2026

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