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2024 data HMDA 2024 disclosure official source

Polk County

20,703 mortgage applications, 11.1% denial rate. Verify FIPS 19153 with U.S. Census Bureau →

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Iowa · FIPS 19153

Local mortgage market. Polk County, Iowa saw 20,703 HMDA-reported mortgage applications in 2024. Lenders originated 12,599 of those loans and denied 2,303, producing a denial rate of 11.1% and an approval (origination) rate of 60.9%. The average loan amount was $201,396 at an average note rate of 6.88%, with applicants self-reporting average annual income of $36K. 326 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.6x, meaning typical borrowers took on mortgages of about 5.6 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 19153 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

20,703
Applications
12,599
Originated
11.1%
Denial Rate
60.9%
Approval Rate
$201,396
Avg Loan Amount
6.88%
Avg Interest Rate
$36K
Avg Applicant Income
5.6x
Loan-to-Income Ratio

Nearby Lenders in Polk County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Veridian Credit Union 1,604 12.7%
2 Greenstate Credit Union 1,511 12.0%
3 Community Choice Credit Union 647 5.1%
4 New American Funding, LLC. 489 3.9%
5 Premier Credit Union 337 2.7%
Compare Veridian Credit Union vs Greenstate Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Polk County?
In the 2024 HMDA reporting year, 20,703 mortgage applications were filed in Polk County, Iowa. Of these, 12,599 were originated (approved and funded), while 2,303 were denied, resulting in a denial rate of 11.1%.
What is the mortgage denial rate in Polk County?
The mortgage denial rate in Polk County is 11.1%. The approval (origination) rate is 60.9%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Polk County?
The average mortgage loan amount in Polk County is $201,396. The average interest rate is 6.875%. The average applicant income is $36K.
What is the loan-to-income ratio in Polk County?
The average loan-to-income ratio in Polk County is 5.6x, meaning borrowers took on loans averaging 5.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Polk County?
The top mortgage lenders in Polk County by origination volume are Veridian Credit Union, Greenstate Credit Union, Community Choice Credit Union. In total, 326 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.