Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | GREENSTATE CREDIT UNION | IOWA BANKERS MORTGAGE |
|---|---|---|
| Total Applications | 18,672 ▲ | 5,751 |
| Loans Originated | 12,784 | 2,402 |
| Approval Rate (higher is better) | 68.5% ✓ | 41.8% |
| Denial Rate (lower is better) | 11.1% | 7.6% ✓ |
| Avg Loan Amount | $166,822 | $240,479 |
| Avg Interest Rate (lower is better) | 7.131% | 6.426% ✓ |
| Avg Applicant Income | $36,000 | $34,000 |
| Applications Denied | 2,078 | 437 |
| Applications Withdrawn | 2,644 | 201 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | GREENSTATE CREDIT UNION | IOWA BANKERS MORTGAGE |
|---|---|---|
| Conventional | 17,780 (95.2%) | 5,315 (92.4%) |
| FHA | 586 (3.1%) | 104 (1.8%) |
| VA | 283 (1.5%) | 79 (1.4%) |
| USDA | 23 (0.1%) | 253 (4.4%) |
Loan Purpose Breakdown
| Purpose | GREENSTATE CREDIT UNION | IOWA BANKERS MORTGAGE |
|---|---|---|
| Home Purchase | 11,286 | 4,976 |
| Refinancing | 2,300 | 425 |
| Home Improvement | 2,041 | 27 |
| Cash-out Refinancing | 1,844 | 249 |
| Other | 1,201 | 74 |
Top States by Loan Volume
Summary
- 18,672 total applications · 12,784 originated
- Approval rate: 68.5%
- Denial rate: 11.1%
- Avg loan: $166,822
- Avg rate: 7.131%
- HQ: NORTH LIBERTY, IA
- 5,751 total applications · 2,402 originated
- Approval rate: 41.8%
- Denial rate: 7.6%
- Avg loan: $240,479
- Avg rate: 6.426%
- HQ: JOHNSTON, IA
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.