Lenders › Wells Fargo Bank NA › Iowa
Wells Fargo Bank NA in Iowa
HMDA record for properties in Iowa, calendar year 2024. National record · Iowa overview
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.
Wells Fargo Bank NA's 2024 HMDA record for Iowa covers 965 applications, 537 of them originated, worth $111m.
Its denial rate in the state was 25.3%, above the Iowa rate of 15.9% across all lenders and compared with the lender's national rate of 31.7%.
The median rate spread on its Iowa originations was 0.1 percentage points (state median 0.2).
Applications in the state were down 19% on 2023.
Compared with the state and the lender's national record
| Measure | In Iowa | Iowa, all lenders | Wells Fargo Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 25.3% | 15.9% | 31.7% | 24.3% |
| Median rate spread, pp | 0.1 | 0.2 | -0.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 4.5% | 15.6% | 2.2% | 15.6% |
| Average originated loan | $207k | $187k | $1.0m | $329k |
| Home purchase share | 70.6% | 57.7% | 66.4% | 57.0% |
| FHA-insured share | 3.5% | 8.2% | 2.3% | 13.4% |
| VA-guaranteed share | 3.0% | 5.2% | 2.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateIowa, all lenders
Loan purpose and loan type in Iowa
By purpose
Home purchase 71% (379)Home improvement 1% (6)Refinancing 7% (35)Cash-out refinancing 19% (104)Other purpose 2% (13)
By type
Conventional 93% (502)FHA 4% (19)VA 3% (16)
Denial reasons as coded
Share of 183 denials in Iowa by first denial reason coded (outlined bar: all lenders in the state).
Counties in Iowa
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Polk County | 216 | 113 | $29m | 21.9% |
| Story County | 55 | 42 | $11m | 4.5% |
| Dallas County | 61 | 38 | $11m | 9.5% |
| Woodbury County | 72 | 36 | $6.1m | 35.7% |
| Cerro Gordo County | 50 | 36 | $5.0m | 18.2% |
| Linn County | 55 | 31 | $4.9m | 20.5% |
| Scott County | 41 | 24 | $4.7m | 29.4% |
| Warren County | 27 | 18 | $3.4m | — |
| Marion County | 27 | 17 | $3.2m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Wells Fargo Bank NA originate in Iowa in 2024?
537 loans totalling $111m, from 965 applications reported for properties in Iowa.
What is Wells Fargo Bank NA's denial rate in Iowa?
25.3% of decided applications in Iowa were denied, against 15.9% for all lenders in the state and 31.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Iowa counties does Wells Fargo Bank NA lend in most?
By originations: Polk County (113), Story County (42), Dallas County (38), Woodbury County (36), Cerro Gordo County (36).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Iowa. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.