Mortgage Refinance Rates in Iowa (2026)
With Iowa's median value near $225,000, a homeowner refinancing a typical $153,000 balance from about 7.50% to 6.25% saves roughly $128/month — breaking even on ~$3,825 of costs near month 30.
Refinancing in Iowa comes in three flavors: lower your rate, shorten your term, or pull out equity to 80% LTV. Iowa uses the $806,500 conforming baseline statewide.
Refinance snapshot by Iowa county
| County | Est. Value | 2026 Conforming Limit | Tier |
|---|---|---|---|
| Polk County | $290,000 | $806,500 | Baseline |
| Johnson County | $225,000 | $806,500 | Baseline |
| Black Hawk County | $225,000 | $806,500 | Baseline |
| Woodbury County | $225,000 | $806,500 | Baseline |
| Dubuque County | $225,000 | $806,500 | Baseline |
| Story County | $225,000 | $806,500 | Baseline |
| Dallas County | $225,000 | $806,500 | Baseline |
| Pottawattamie County | $225,000 | $806,500 | Baseline |
| Cerro Gordo County | $225,000 | $806,500 | Baseline |
| Clinton County | $225,000 | $806,500 | Baseline |
| Muscatine County | $225,000 | $806,500 | Baseline |
| Marshall County | $225,000 | $806,500 | Baseline |
| Warren County | $225,000 | $806,500 | Baseline |
| Des Moines County | $225,000 | $806,500 | Baseline |
| Webster County | $225,000 | $806,500 | Baseline |
| Lee County | $225,000 | $806,500 | Baseline |
| Wapello County | $225,000 | $806,500 | Baseline |
| Sioux County | $225,000 | $806,500 | Baseline |
| Jasper County | $225,000 | $806,500 | Baseline |
| Marion County | $225,000 | $806,500 | Baseline |
| Bremer County | $225,000 | $806,500 | Baseline |
| Boone County | $225,000 | $806,500 | Baseline |
| Clay County | $225,000 | $806,500 | Baseline |
| Buena Vista County | $225,000 | $806,500 | Baseline |
| Henry County | $225,000 | $806,500 | Baseline |
| Jackson County | $225,000 | $806,500 | Baseline |
| Carroll County | $225,000 | $806,500 | Baseline |
| Fayette County | $225,000 | $806,500 | Baseline |
| Linn County | $250,000 | $806,500 | Baseline |
| Scott County | $230,000 | $806,500 | Baseline |
Should you refinance in Iowa?
It comes down to your break-even. Take your closing costs (often 2-5% of the balance) and divide by your monthly savings — if you will stay in the home past that month count, refinancing usually wins. Cash-out makes sense when the rate and use of funds beat your other borrowing options.
Catch the Next Refinance Rate Drop
One quick signup and we keep you posted on rate drops, cash-out opportunities, and program changes.
Frequently Asked Questions
- How much can refinancing save in Iowa?
- On a $153,000 balance near the Iowa median, dropping from ~7.50% to 6.25% saves about $128/month. Your figure depends on your current rate and balance.
- What is the conforming loan limit in Iowa for 2026?
- Most Iowa counties use the $806,500 baseline; high-cost counties go up to $1,209,750. Above that, refinances are jumbo loans.