Houghton State Bank
Red Oak, IA
Houghton State Bank processed 27 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 27 loans with a 0.0% denial rate. Home Purchase was the primary loan purpose. Based in Red Oak, IA. The approval rate of 100.0% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. Houghton State Bank processed 27 HMDA-reported mortgage applications in 2024, originating 27 loans and denying 0 for a denial rate of 0.0%. The average loan amount was $118,333. The lender reports under LEI 5493002VU8UKLJWSXG84 from Red Oak, IA.
Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Houghton State Bank's 100.0% origination rate tells you how often an application turned into funded money; the 0.0% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (27 applications).
How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 27 | 27 | 0 | $118,333 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Houghton State Bank (LEI: 5493002VU8UKLJWSXG84) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 14 | 14 | $137,143 |
| Refinancing | 13 | 13 | $98,077 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 20 | 100.0% | 0.0% |
| Asian | 1 | 100.0% | 0.0% |
Lending by Ethnicity
Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.
| Ethnicity | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| Not Hispanic or Latino | 21 | 100.0% | 0.0% |
Nearby Lenders in IA
Other HMDA-reporting lenders in IA with similar activity. Compare any two side-by-side.
GREENSTATE CREDIT UNION
NORTH LIBERTY, IA
VERIDIAN CREDIT UNION
WATERLOO, IA
IOWA BANKERS MORTGAGE CORPORATION
JOHNSTON, IA
DUPACO COMMUNITY CREDIT UNION
DUBUQUE, IA
HILLS BANK AND TRUST COMPANY
HILLS, IA
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Frequently Asked Questions
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Data Sources
Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.
Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.