Ames
Metropolitan Statistical Area · MSA Code 11180
According to CFPB HMDA 2024 application volume among tracked metros, Ames ranks #384 of 418.
Mortgage lending activity in the Ames metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Ames Metropolitan Statistical Area (MSA code 11180) recorded 3,401 HMDA-reported mortgage applications in 2024. Lenders originated 2,235 of those and denied others at a rate of 10.1%, for an approval (origination) rate of 65.7%. The average loan amount across the MSA was $211,807 at an average note rate of 6.91%. 20 major lenders are tracked for this metro - Iowa Bankers Mortgage Corporation, Greater Iowa Credit Union, Veridian Credit Union lead by origination volume. Among the 418 metros tracked, Ames ranks #9 by denial rate (the 98th percentile for approval-friendliness), and shares its 5-point denial-rate band with 117 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Ames denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 10.1% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $211,807 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Ames
In Ames, lead originator Iowa Bankers Mortgage Corporation funded 10.2% of 2,235 originated loans, in the middle tercile of U.S. metros (~8.7-12.8% top-1). The top three reporters together hold 21.7% of the book; a local credit union or regional bank still sits beside the national wholesalers.
Metros With a Similar Denial Rate
The metro areas closest to Ames's 10.1% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Ames's 3,401 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Ames's $211,807 average loan (deduped against denial and volume peers).
Lenders active in the Ames metro
Iowa Bankers Mortgage Corporation funded 228 of the 2,235 loans originated here, 10.2% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Iowa Bankers Mortgage Corporation | 228 | 301 | $249,718 | 10.2% |
| 2 | Greater Iowa Credit Union | 128 | 171 | $111,316 | 5.7% |
| 3 | Veridian Credit Union | 128 | 180 | $104,444 | 5.7% |
| 4 | Greenstate Credit Union | 127 | 178 | $166,236 | 5.7% |
| 5 | Guild Mortgage Company | 123 | 148 | $223,243 | 5.5% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. Metropolitan Statistical Areas defined by the U.S. Office of Management and Budget (OMB).
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Ames borrowers.
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 Ames 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. 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.