Iowa Mortgage Lending in 2025
Explore residential mortgage lending activity in Iowa using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 49,043 actionable applications (Actions 1, 2, and 3).
How Iowa Compares
Key metrics: Iowa vs. U.S. (2025)
| Metric | Iowa | U.S. |
|---|---|---|
| Actionable Apps | 49,043 | 5,197,320 |
| Approval Rate | 85.23% | 82.12% |
| Denial Rate | 14.77% | 17.88% |
| Originations | 40,418 | 4,052,301 |
| Originated Volume | $9.72 Billion | $1.58 Trillion |
| Median Loan | $205,000 | $325,000 |
Lending Trends in Iowa
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 53,133 | 59,253 | +11.52% |
| Actionable Apps | 43,885 | 49,043 | +11.75% |
| Originations | 36,320 | 40,418 | +11.28% |
| Approval Rate | 85.21% | 85.23% | +0.02 pp |
| Denial Rate | 14.79% | 14.77% | -0.02 pp |
| Median Loan | $195,000 | $205,000 | +5.13% |
| Dollar Volume | $8.31 Billion | $9.72 Billion | +16.86% |
Applications by Borrower Income (Iowa)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 10,237 | 90.81% | 9.19% |
| $150k+ | 8,203 | 94.28% | 5.72% |
| $50k–$99,999 | 20,821 | 85.71% | 14.29% |
| <$50k | 7,648 | 68.10% | 31.90% |
| Income unavailable/entity | 2,134 | 80.37% | 19.63% |
Metropolitan Areas in Iowa
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Omaha | 17,176 | 14,828 | 89.14% |
| Des Moines-West Des Moines | 14,446 | 12,316 | 87.93% |
| Davenport-Moline-Rock Island | 6,034 | 5,065 | 87.09% |
| Cedar Rapids | 4,925 | 4,134 | 87.47% |
| Iowa City | 2,871 | 2,520 | 90.84% |
| Waterloo-Cedar Falls | 2,565 | 2,180 | 88.11% |
| Sioux City | 1,835 | 1,426 | 79.13% |
| Ames | 1,602 | 1,330 | 85.96% |
| Dubuque | 1,575 | 1,279 | 84.25% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Iowa (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | GREENSTATE CREDIT UNION | 5,591 | 94.80% |
| 2 | VERIDIAN CREDIT UNION | 2,351 | 95.59% |
| 3 | ROCKET MORTGAGE | 1,901 | 74.81% |
| 4 | IOWA BANKERS MORTGAGE CORPORATION | 1,756 | 83.27% |
| 5 | HILLS BANK AND TRUST COMPANY | 1,364 | 99.50% |
| 6 | United Wholesale Mortgage | 1,328 | 86.72% |
| 7 | NEW AMERICAN FUNDING, LLC. | 1,069 | 93.70% |
| 8 | Mortgage Research Center | 948 | 74.36% |
| 9 | NORTHWEST BANK | 905 | 95.37% |
| 10 | US BANK, N.A. | 871 | 90.04% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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