Shelby County
Iowa · FIPS 19165
According to CFPB HMDA 2024 application volume among U.S. counties, Shelby County ranks #2,252 of 3,223, and #55 of 99 in Iowa.
Mortgage lending activity in Shelby County, Iowa based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this county during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Local mortgage market. Shelby County, Iowa lenders denied 39 of the applications reported here, financing the rest at an average note rate of 6.96%, with applicants self-reporting average annual income of $36K. 57 distinct institutions reported mortgage activity in this county.
Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 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. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Shelby County
In Shelby County, lead originator Shelby County State Bank funded 29.4% of 248 originated loans, above the county fleet's upper tercile (~16.7% top-1). The top three reporters together hold 44.0% of the book, so a handful of names dominate disclosed volume here.
Counties With Similar Application Volume
Nationwide counties nearest to Shelby County's 360 HMDA applications.
Counties With a Similar Average Loan
Nationwide counties nearest to Shelby County's $131,139 average loan (deduped against volume peers).
Lenders active in Shelby County
Shelby County State Bank funded 73 of the 248 loans originated in Shelby County, 29.4% of the county. 57 lenders reported activity here.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Shelby County State Bank | 73 | 29.4% |
| 2 | Iowa Bankers Mortgage Corporation | 18 | 7.3% |
| 3 | Farmers Trust and Savings Bank | 18 | 7.3% |
| 4 | Rocket Mortgage | 9 | 3.6% |
| 5 | Veridian Credit Union | 9 | 3.6% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For Shelby County, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- county FIPS codes follow U.S. Census Bureau standards. Not financial advice for Shelby County borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.