Cedar Rapids, IA Mortgage Rates
Live Mortgage Rates in Cedar Rapids, Iowa
6.490%
Cedar Rapids Conventional Purchase benchmark (80% LTV, 780 FICO), updated Thursday, November 5, 2026 at 2:13 PM UTC
Sourced live from hundreds of wholesale lenders serving Cedar Rapids and Iowa
Cedar Rapids Benchmark Rates
Lowest available rate with no discount points paid in Cedar Rapids, IA for each standard scenario, sourced live
| Scenario | Rate (no points) | APR |
|---|---|---|
Conventional Conventional Purchase (80% LTV, 780 FICO) · Cedar Rapids, IA | 6.490% | 6.529% |
FHA FHA Purchase (96.5% LTV, 680 FICO) · Cedar Rapids, IA | 5.990% | 6.023% |
VA VA Purchase (100% LTV, 680 FICO) · Cedar Rapids, IA | 5.990% | 6.020% |
2026 Loan Limits in Iowa
Conforming
$832,750 baseline
FHA
$541,287
Standard FHA limit, applies to most Iowa counties.
About Cedar Rapids Mortgage Rates
The rates shown above reflect the lowest available wholesale pricing for a Cedar Rapids, Iowa homebuyer at the time of the snapshot. Rate Direct pulls pricing from hundreds of lenders serving Iowa and refreshes hourly, so the numbers stay close to what a licensed mortgage broker could actually source for a Cedar Rapids property.
Your specific Cedar Rapids rate depends on credit score, loan amount, property type (single-family vs multi-unit vs condo), loan-to-value, and loan purpose. A 780 FICO buyer at 80% LTV will price materially better than a 680 FICO buyer at 95% LTV. To see your exact rate across the full Iowa lender network, use the Rate Direct pricer.
Cedar Rapids buyers also have access to FHA, VA, and USDA programs with lower down payments and more flexible credit guidelines. For down payment assistance specific to Iowa, see the Iowa DPA guide.
Get your personalized Cedar Rapids mortgage rate
The rates above are the market benchmark for Cedar Rapids. Your actual rate depends on your scenario.