Scott County, IA: mortgage lenders, denial rate and originations, 2024

States › Iowa › Scott County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Lenders reported 5,890 mortgage applications in Scott County, Iowa, for 2024, and originated 4,059 loans worth $816m.

That is 55.5 originations per 1,000 households, against 51.5 for Iowa and 48.0 nationally.

The county's denial rate was 15.0%, close to the state rate of 15.9%. The median rate spread on originated loans was 0.3 percentage points and 19.4% of originations were 1.5 points or more above the average prime offer rate.

44 lenders reached 25 applications in the county; the most active by originations were Greenstate Credit Union (585), Ascentra Credit Union (264) and Ruhl Mortgage (251).

Originations were up 11% on 2023.

5,890applications, 2024

4,059loans originated$816m

15.0%denial rateIA 15.9% · US 24.3%

55.5originations per 1,000 householdsIA 51.5 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	Greenstate Credit Union	760	585	$104m	5.9%	—
2	Ascentra Credit Union	371	264	$25m	14.3%	—
3	Ruhl Mortgage	291	251	$58m	0.4%	—
4	New American Funding, LLC.	355	244	$50m	6.8%	—
5	I H Mississippi Valley Credit Union	293	204	$36m	13.7%	—
6	Lower, LLC	224	187	$51m	4.6%	—
7	Empeople Credit Union	253	182	$37m	9.9%	—
8	Quad City Bank and Trust	207	179	$47m	6.7%	—
9	Rocket Mortgage	152	112	$22m	19.3%	—
10	R.I.A. Federal Credit Union	158	102	$12m	20.6%	—
11	Us Bank, N.A.	182	97	$14m	36.9%	—
12	Dutrac Community Credit Union	102	92	$30m	1.1%	—
13	The Family Credit Union	117	89	$5.5m	12.7%	—
14	CBI Bank & Trust	118	85	$14m	18.3%	—
15	Blue Grass Savings Bank	76	76	$11m	0.0%	—
16	American B&T C, N.A.	75	67	$16m	4.2%	—
17	First Central State Bank	72	60	$14m	7.7%	—
18	United Wholesale Mortgage	74	57	$14m	6.6%	—
19	BankORION	60	55	$9.8m	1.7%	—
20	Mortgage Research Center	100	53	$14m	19.7%	—
21	Fairway Independent Mort Corp	65	52	$10m	1.9%	—
22	Old National Bank	58	41	$6.7m	28.1%	—
23	Newrez LLC	78	38	$11m	26.9%	—
24	First Trust and Savings Bank	38	37	$4.4m	2.6%	—
25	21st Mortgage	113	36	$1.8m	60.2%	—
26	Michigan Mutual, Inc	45	33	$6.6m	2.3%	—
27	Blackhawk Bank & Trust	44	33	$16m	10.3%	—
28	Crosscountry Mortgage, LLC	41	32	$6.3m	5.9%	—
29	Fortress Bank	28	26	$4.3m	0.0%	—
30	Wells Fargo Bank NA	41	24	$4.7m	29.4%	—
31	Navy Federal Credit Union	49	22	$4.4m	40.5%	—
32	Loandepot.com, LLC	43	22	$3.9m	42.1%	—
33	Great Southern Bank	33	22	$4.3m	31.3%	—
34	Pennymac Loan Services LLC	41	19	$3.8m	32.1%	—
35	Nationstar Mortgage	28	18	$2.5m	—	—
36	Freedom Mortgage Corporation	43	17	$3.6m	20.0%	—
37	Guaranteed Rate, Inc.	29	16	$2.9m	—	—
38	Figure Lending LLC	39	14	$830k	31.4%	—
39	Coastal Community Bank	40	11	$685k	6.3%	—
40	Spring Eq, LLC	30	10	$730k	60.7%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 44. Denial rate is denials over decided applications in this county.

Compared with Iowa and the nation

Measure	This county	Iowa	United States
Denial rate	15.0%	15.9%	24.3%
Median rate spread, pp	0.3	0.2	0.3
Originations with spread of 1.5 pp or more	19.4%	15.6%	15.6%
Average originated loan	$201k	$187k	$329k
Originations per 1,000 households	55.5	51.5	48.0
Home purchase share of originations	60.6%	57.7%	57.0%
FHA-insured share	9.0%	8.2%	13.4%
VA-guaranteed share	7.1%	5.2%	7.9%

Rate spread distribution

Below 0 pp38.4%

0 to 0.5 pp21.2%

0.5 to 1 pp13.6%

1 to 1.5 pp7.3%

1.5 to 3 pp8.6%

3 or more pp10.8%

Share of 3,186 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Iowa). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 61% (2,461)Home improvement 7% (290)Refinancing 12% (507)Cash-out refinancing 8% (332)Other purpose 12% (468)

By type

Conventional 84% (3,398)FHA 9% (365)VA 7% (289)USDA 0% (7)

Trend by year

ApplicationsOriginations

Applications and originations in Scott County, 2022–2024

This countyIowa

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Scott County, IA?

By 2024 originations: Greenstate Credit Union (585), Ascentra Credit Union (264), Ruhl Mortgage (251), New American Funding, LLC. (244), I H Mississippi Valley Credit Union (204). 44 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Scott County?

15.0% of decided applications were denied in 2024, against 15.9% across Iowa and 24.3% nationally.

How many mortgages were originated in Scott County in 2024?

4,059 loans totalling $816m, from 5,890 applications; 55.5 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 19163; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.