States › Iowa
Iowa mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Iowa, with all 99 counties.
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. Record year 2024.
Iowa had 99,119 HMDA-reported mortgage applications and 67,749 originations ($13bn) in 2024, from 269 lenders with at least 25 applications in the state.
The statewide denial rate was 15.9% (national 24.3%) and the median rate spread 0.2 percentage points (national 0.3). Originations ran at 51.5 per 1,000 households, against 48.0 nationally.
Originations in the state went from 86,396 in 2018 to 67,749 in 2024; the denial rate moved from 14.4% to 15.9%.
The most active lenders by originations were Greenstate Credit Union (8,850), Veridian Credit Union (5,931) and Hills Bank and Trust Company (2,127).
Most active lenders in Iowa
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Greenstate Credit Union | 11,890 | 8,850 | $1.5bn | 7.4% | 0.3 |
| 2 | Veridian Credit Union | 8,531 | 5,931 | $724m | 13.8% | -0.1 |
| 3 | Hills Bank and Trust Company | 2,596 | 2,127 | $453m | 7.6% | -0.1 |
| 4 | Iowa Bankers Mortgage Corporation | 2,696 | 2,092 | $450m | 15.1% | -0.1 |
| 5 | Rocket Mortgage | 2,918 | 2,020 | $349m | 23.3% | 0.6 |
| 6 | Dupaco Community Credit Union | 2,660 | 1,907 | $220m | 21.3% | -0.1 |
| 7 | Northwest Bank | 1,967 | 1,558 | $311m | 6.8% | -0.1 |
| 8 | New American Funding, LLC. | 2,411 | 1,520 | $265m | 8.3% | 0.4 |
| 9 | Us Bank, N.A. | 2,559 | 1,457 | $248m | 33.0% | 0.6 |
| 10 | Community Choice Credit Union | 1,560 | 1,126 | $194m | 18.2% | -0.3 |
| 11 | Community 1st Credit Union | 1,463 | 1,084 | $90m | 10.2% | 0.5 |
| 12 | United Wholesale Mortgage | 1,177 | 906 | $210m | 10.5% | 0.2 |
| 13 | Midwestone Bank | 1,230 | 902 | $153m | 18.4% | -0.7 |
| 14 | Mortgage Research Center | 1,503 | 823 | $197m | 21.0% | -0.0 |
| 15 | Central Bank | 964 | 786 | $173m | 6.0% | 0.1 |
| 16 | Bank Iowa | 838 | 669 | $126m | 11.3% | 1.1 |
| 17 | Luana Savings Bank | 780 | 660 | $183m | 3.9% | -0.1 |
| 18 | DHI Mortgage Company, LTD. | 976 | 658 | $187m | 11.9% | -0.7 |
| 19 | Empeople Credit Union | 951 | 643 | $111m | 15.8% | -0.5 |
| 20 | Homeservices Lending LLC | 745 | 614 | $132m | 4.9% | 0.2 |
| 21 | Collins Community Credit Union | 1,106 | 613 | $91m | 25.2% | 0.1 |
| 22 | Premier Credit Union | 761 | 608 | $67m | 6.7% | -0.1 |
| 23 | Fidelity Bank & Trust | 648 | 598 | $99m | 4.6% | -0.5 |
| 24 | Wells Fargo Bank NA | 965 | 537 | $111m | 25.3% | 0.1 |
| 25 | Gershman Investment Corp. | 625 | 521 | $138m | 3.7% | -0.0 |
| 26 | Guild Mortgage Company | 675 | 517 | $103m | 4.5% | 0.5 |
| 27 | Fortress Bank | 567 | 477 | $112m | 1.6% | 0.3 |
| 28 | Residential Mortgage Network, Inc. | 514 | 465 | $109m | 0.6% | 0.1 |
| 29 | Lower, LLC | 559 | 438 | $113m | 7.0% | 0.6 |
| 30 | American Pacific Mortgage Corporation | 538 | 428 | $77m | 7.8% | 0.5 |
| 31 | Greater Iowa Credit Union | 671 | 426 | $42m | 18.4% | 1.0 |
| 32 | Ascentra Credit Union | 751 | 423 | $38m | 29.7% | 1.7 |
| 33 | Ruhl Mortgage | 454 | 388 | $85m | 0.5% | -0.0 |
| 34 | Pennymac Loan Services LLC | 707 | 339 | $73m | 22.9% | 0.4 |
| 35 | Barrington Bank & Trust Company, N.A. | 479 | 337 | $78m | 8.8% | 0.3 |
| 36 | Lincoln Savings Bank | 382 | 337 | $98m | 2.5% | 0.2 |
| 37 | Fairway Independent Mort Corp | 399 | 334 | $71m | 4.5% | 0.7 |
| 38 | Guaranteed Rate, Inc. | 474 | 319 | $65m | 9.8% | 0.4 |
| 39 | Farmers State Bank | 419 | 311 | $95m | 5.4% | 0.1 |
| 40 | CBI Bank & Trust | 398 | 310 | $46m | 12.6% | 0.6 |
| 41 | Bankers Trust Company | 434 | 306 | $100m | 13.1% | 0.4 |
| 42 | CMG Mortgage Inc | 407 | 305 | $55m | 5.1% | 0.3 |
| 43 | 21st Mortgage | 1,350 | 304 | $17m | 68.6% | 6.2 |
| 44 | United Bank of Iowa | 486 | 300 | $35m | 22.2% | 0.7 |
| 45 | Plains Commerce Bank | 425 | 287 | $50m | 10.3% | 0.5 |
| 46 | Newrez LLC | 727 | 284 | $69m | 33.4% | 0.4 |
| 47 | Nationstar Mortgage | 405 | 279 | $37m | 15.2% | 1.3 |
| 48 | Fidelity Bank | 356 | 277 | $76m | 1.8% | 0.3 |
| 49 | I H Mississippi Valley Credit Union | 404 | 272 | $48m | 15.8% | -0.3 |
| 50 | Freedom Mortgage Corporation | 673 | 267 | $59m | 24.8% | 0.6 |
| 51 | West Gate Bank | 290 | 266 | $55m | 3.8% | -0.1 |
| 52 | First Interstate Bank | 463 | 261 | $39m | 33.4% | 1.4 |
| 53 | Cedar Falls Community Credit Union | 284 | 251 | $26m | 5.8% | — |
| 54 | Movement Mortgage, LLC | 317 | 245 | $44m | 8.1% | 0.5 |
| 55 | Flat Branch Mortgage, Inc. | 276 | 243 | $51m | 0.4% | 0.4 |
| 56 | Loandepot.com, LLC | 569 | 242 | $39m | 47.0% | 0.7 |
| 57 | Washington State Bank | 254 | 242 | $37m | 3.2% | — |
| 58 | Two Rivers Bank & Trust | 337 | 240 | $37m | 15.8% | 0.6 |
| 59 | Figure Lending LLC | 510 | 235 | $13m | 28.0% | 4.7 |
| 60 | Primebank | 264 | 233 | $43m | 4.4% | — |
Top 60 of 269 lenders with at least 25 applications in the state, by originations. 145 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Iowa | United States |
|---|---|---|
| Denial rate | 15.9% | 24.3% |
| Median rate spread, pp | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 15.6% | 15.6% |
| Average originated loan | $187k | $329k |
| Originations per 1,000 households | 51.5 | 48.0 |
| Home purchase share of originations | 57.7% | 57.0% |
| FHA-insured share | 8.2% | 13.4% |
| VA-guaranteed share | 5.2% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
IowaUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 119,583 | 86,396 | $12bn | 14.4% | 6.9% | 4.2% | 27.1% |
| 2019 | 133,548 | 97,201 | $16bn | 13.2% | 7.1% | 5.1% | 36.7% |
| 2020 | 190,739 | 140,017 | $26bn | 11.1% | 5.4% | 5.1% | 54.6% |
| 2021 | 189,286 | 136,512 | $26bn | 11.9% | 6.5% | 5.3% | 50.2% |
| 2022 | 126,363 | 88,167 | $17bn | 13.8% | 6.5% | 4.1% | 27.1% |
| 2023 | 93,497 | 64,222 | $11bn | 15.3% | 8.3% | 4.1% | 18.2% |
| 2024 | 99,119 | 67,749 | $13bn | 15.9% | 8.2% | 5.2% | 21.5% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 58% (39,109)Home improvement 9% (5,958)Refinancing 13% (8,877)Cash-out refinancing 8% (5,705)Other purpose 12% (8,068)
By type
Conventional 86% (57,982)FHA 8% (5,541)VA 5% (3,555)USDA 1% (671)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Polk County | 18,577 | 12,623 | 61.5 | 15.0% | 0.2 | 90 |
| Linn County | 8,667 | 6,048 | 63.3 | 13.9% | 0.2 | 43 |
| Scott County | 5,890 | 4,059 | 55.5 | 15.0% | 0.3 | 44 |
| Johnson County | 4,854 | 3,556 | 56.1 | 10.9% | 0.1 | 15 |
| Black Hawk County | 4,963 | 3,528 | 64.7 | 13.9% | 0.2 | 22 |
| Dallas County | 4,906 | 3,523 | 83.0 | 11.8% | 0.0 | 43 |
| Dubuque County | 3,371 | 2,467 | 60.2 | 15.7% | -0.1 | 16 |
| Pottawattamie County | 3,504 | 2,276 | 60.5 | 18.1% | 0.5 | 35 |
| Woodbury County | 2,917 | 1,939 | 47.6 | 19.4% | 0.4 | 29 |
| Warren County | 2,364 | 1,689 | 81.7 | 13.1% | 0.1 | 25 |
| Story County | 2,065 | 1,540 | 39.6 | 11.9% | 0.2 | 22 |
| Jasper County | 1,281 | 869 | 57.9 | 15.7% | 0.4 | 15 |
| Muscatine County | 1,261 | 833 | 48.0 | 19.3% | 0.4 | 11 |
| Boone County | 1,014 | 696 | 63.6 | 15.3% | 0.3 | 10 |
| Benton County | 995 | 694 | 68.0 | 12.2% | 0.4 | 10 |
| Marion County | 1,029 | 692 | 52.0 | 16.9% | 0.3 | 12 |
| Bremer County | 880 | 659 | 67.8 | 10.9% | 0.1 | 8 |
| Clinton County | 1,000 | 656 | 33.6 | 19.5% | 0.6 | 9 |
| Webster County | 914 | 585 | 38.0 | 22.8% | 0.4 | 7 |
| Wapello County | 829 | 578 | 41.3 | 16.7% | 0.5 | 6 |
| Dickinson County | 779 | 571 | 64.6 | 12.0% | 0.2 | 2 |
| Marshall County | 833 | 551 | 35.6 | 18.8% | 0.4 | 10 |
| Washington County | 746 | 544 | 60.6 | 14.0% | 0.4 | 6 |
| Des Moines County | 806 | 513 | 29.9 | 19.4% | 0.5 | 8 |
| Buchanan County | 717 | 508 | 61.6 | 13.8% | 0.2 | 6 |
| Cedar County | 716 | 508 | 66.6 | 16.0% | 0.4 | 3 |
| Sioux County | 665 | 499 | 39.3 | 12.1% | 0.1 | 6 |
| Poweshiek County | 668 | 460 | 58.9 | 12.3% | 0.5 | 4 |
| Madison County | 691 | 454 | 67.8 | 17.4% | 0.2 | 5 |
| Mahaska County | 640 | 437 | 50.0 | 18.5% | 0.5 | 5 |
| Delaware County | 638 | 423 | 57.4 | 19.5% | 0.1 | 4 |
| Jones County | 588 | 421 | 51.4 | 13.5% | 0.3 | 5 |
| Mills County | 629 | 408 | 75.6 | 17.5% | 0.3 | 7 |
| Cerro Gordo County | 601 | 400 | 20.5 | 15.9% | 0.4 | 5 |
| Plymouth County | 515 | 369 | 35.8 | 14.0% | 0.3 | 4 |
| Fayette County | 560 | 358 | 42.9 | 21.0% | 0.4 | 2 |
| Grundy County | 446 | 350 | 68.4 | 11.4% | 0.1 | 3 |
| Butler County | 459 | 328 | 55.9 | 9.6% | 0.2 | 2 |
| Iowa County | 449 | 320 | 46.3 | 11.3% | 0.4 | 2 |
| Harrison County | 491 | 309 | 50.7 | 19.1% | 0.4 | 3 |
| Lee County | 491 | 276 | 19.3 | 27.2% | 0.4 | 3 |
| Clay County | 417 | 271 | 37.2 | 20.3% | 0.2 | 2 |
| Clayton County | 404 | 268 | 35.7 | 17.9% | 0.4 | 4 |
| Page County | 407 | 268 | 42.8 | 19.2% | 0.6 | 2 |
| Carroll County | 402 | 266 | 30.2 | 19.9% | 0.3 | 6 |
| Guthrie County | 369 | 262 | 57.0 | 13.1% | 0.3 | 2 |
| Crawford County | 373 | 250 | 39.5 | 20.2% | 0.7 | 3 |
| Shelby County | 338 | 248 | 50.8 | 13.1% | 0.4 | 1 |
| Buena Vista County | 368 | 247 | 32.7 | 21.6% | 0.2 | 2 |
| Jackson County | 357 | 238 | 28.9 | 19.7% | 0.2 | 3 |
| Tama County | 377 | 238 | 35.4 | 19.5% | 0.6 | 2 |
| Jefferson County | 359 | 237 | 34.1 | 17.7% | 0.3 | 3 |
| Clarke County | 330 | 230 | 56.5 | 15.7% | 0.5 | 1 |
| Cass County | 340 | 225 | 38.5 | 15.4% | 0.4 | 4 |
| Hardin County | 358 | 224 | 31.8 | 22.9% | 0.5 | 2 |
| Chickasaw County | 287 | 215 | 43.0 | 15.4% | 0.1 | 4 |
| Henry County | 344 | 208 | 27.2 | 24.2% | 0.5 | 2 |
| Lyon County | 274 | 204 | 45.5 | 14.6% | 0.3 | 3 |
| Lucas County | 330 | 197 | 53.1 | 25.3% | 0.5 | 2 |
| Kossuth County | 287 | 196 | 30.0 | 19.0% | 0.3 | 2 |
| Montgomery County | 279 | 193 | 42.1 | 14.7% | 0.8 | 1 |
| Appanoose County | 280 | 179 | 34.4 | 16.6% | 0.5 | 1 |
| Hamilton County | 283 | 175 | 27.2 | 20.7% | 0.4 | 1 |
| O'Brien County | 254 | 174 | 30.0 | 18.9% | 0.2 | 2 |
| Cherokee County | 246 | 160 | 31.7 | 20.4% | 0.4 | 1 |
| Monona County | 237 | 155 | 40.0 | 19.0% | 0.3 | 0 |
| Union County | 255 | 154 | 30.1 | 23.6% | 0.5 | 2 |
| Emmet County | 198 | 150 | 36.9 | 12.1% | 0.2 | 1 |
| Louisa County | 218 | 148 | 34.9 | 17.5% | 0.4 | 2 |
| Allamakee County | 242 | 147 | 24.7 | 22.6% | 0.4 | 2 |
| Fremont County | 224 | 147 | 52.1 | 20.2% | 0.4 | 1 |
| Winneshiek County | 244 | 141 | 17.3 | 22.4% | 0.3 | 2 |
| Sac County | 204 | 138 | 32.1 | 20.0% | 0.4 | 1 |
| Winnebago County | 188 | 137 | 29.5 | 10.6% | 0.5 | 1 |
| Greene County | 235 | 136 | 34.7 | 23.9% | 0.6 | 2 |
| Humboldt County | 217 | 134 | 31.8 | 20.2% | 0.3 | 1 |
| Calhoun County | 191 | 131 | 32.8 | 20.4% | 0.3 | 1 |
| Wright County | 201 | 125 | 23.4 | 25.6% | 0.5 | 0 |
| Keokuk County | 203 | 124 | 30.5 | 26.1% | 0.4 | 1 |
| Floyd County | 181 | 121 | 18.6 | 19.9% | 0.4 | 1 |
| Howard County | 168 | 115 | 30.5 | 21.1% | 0.6 | 1 |
| Hancock County | 162 | 107 | 22.9 | 17.0% | 0.6 | 1 |
| Mitchell County | 170 | 105 | 22.8 | 22.5% | 0.2 | 1 |
| Adair County | 171 | 102 | 31.5 | 23.2% | 0.7 | 0 |
| Ida County | 144 | 101 | 33.1 | 18.4% | 0.6 | 2 |
| Davis County | 157 | 94 | 29.4 | 26.9% | 0.4 | 1 |
| Decatur County | 154 | 93 | 30.4 | 25.8% | 0.5 | 0 |
| Worth County | 148 | 93 | 29.3 | 23.0% | 0.5 | 0 |
| Palo Alto County | 152 | 92 | 24.3 | 23.3% | 0.4 | 1 |
| Wayne County | 156 | 91 | 35.5 | 26.3% | 0.6 | 1 |
| Ringgold County | 144 | 87 | 45.8 | 21.2% | 0.5 | 0 |
| Monroe County | 150 | 84 | 27.2 | 25.4% | 0.6 | 1 |
| Audubon County | 116 | 75 | 28.9 | 19.2% | 0.4 | 0 |
| Franklin County | 111 | 66 | 15.7 | 19.1% | 0.4 | 0 |
| Pocahontas County | 95 | 61 | 20.3 | 14.7% | 0.5 | 0 |
| Taylor County | 101 | 54 | 21.7 | 27.2% | 0.8 | 0 |
| Osceola County | 83 | 52 | 19.7 | 21.4% | 0.4 | 0 |
| Van Buren County | 86 | 49 | 16.9 | 21.2% | 0.4 | 0 |
| Adams County | 72 | 42 | 27.3 | 22.8% | 0.5 | 0 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Iowa originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Iowa?
By 2024 originations: Greenstate Credit Union (8,850), Veridian Credit Union (5,931), Hills Bank and Trust Company (2,127), Iowa Bankers Mortgage Corporation (2,092), Rocket Mortgage (2,020). 269 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Iowa?
15.9% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Iowa changed since 2018?
Originations went from 86,396 in 2018 to 67,749 in 2024; the denial rate moved from 14.4% to 15.9%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.