Iowa Mortgage Lending
667 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 110,208 HMDA-reported mortgage applications in Iowa in 2024, originating 67,724 loans and denying 13,301. That puts the statewide denial rate at 12.1% and the approval (origination) rate at 61.5%. The average loan amount across Iowa was $181,161 at an average note rate of 6.91%. 667 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 99 counties and 10 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 69.0% and denial rate of 12.4%; while Black or African American applicants had an approval rate of 54.0% and denial rate of 21.4%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Polk County, Linn County, Scott County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Iowa
Top HMDA-reporting lenders active in Iowa. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | GREENSTATE CREDIT UNION | 8,850 | 13.1% |
| 2 | VERIDIAN CREDIT UNION | 5,931 | 8.8% |
| 3 | HILLS BANK AND TRUST COMPANY | 2,127 | 3.1% |
| 4 | IOWA BANKERS MORTGAGE CORPORATION | 2,092 | 3.1% |
| 5 | ROCKET MORTGAGE | 2,020 | 3.0% |
Lending by Race in Iowa
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 79,492 | 69.0% | 12.4% |
| Black or African American | 2,794 | 54.0% | 21.4% |
| Asian | 2,212 | 63.3% | 12.3% |
| Joint | 1,588 | 65.4% | 14.0% |
| American Indian or Alaska Native | 381 | 52.2% | 23.6% |
| Native Hawaiian or Other Pacific Islander | 121 | 52.9% | 24.8% |
| 2 or more minority races | 102 | 44.1% | 33.3% |
Counties in Iowa
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Polk County | 20,703 | 12,599 | 11.1% | $201,396 |
| Linn County | 10,163 | 6,047 | 10.1% | $174,300 |
| Scott County | 6,625 | 4,058 | 11.1% | $196,285 |
| Johnson County | 5,896 | 3,554 | 7.6% | $229,357 |
| Dallas County | 5,667 | 3,521 | 8.6% | $285,561 |
| Black Hawk County | 5,420 | 3,528 | 10.9% | $138,596 |
| Pottawattamie County | 3,817 | 2,274 | 13.7% | $181,589 |
| Dubuque County | 3,587 | 2,468 | 13.2% | $162,669 |
| Woodbury County | 3,111 | 1,939 | 15.5% | $161,609 |
| Warren County | 2,623 | 1,656 | 10.1% | $222,061 |
| Story County | 2,286 | 1,539 | 9.4% | $224,453 |
| Jasper County | 1,426 | 862 | 11.8% | $154,719 |
| Muscatine County | 1,358 | 832 | 15.1% | $136,701 |
| Marion County | 1,124 | 691 | 12.9% | $174,537 |
| Clinton County | 1,120 | 655 | 14.7% | $139,786 |
| Benton County | 1,117 | 694 | 9.0% | $145,645 |
| Boone County | 1,115 | 696 | 11.7% | $185,879 |
| Webster County | 1,079 | 584 | 16.4% | $112,303 |
| Bremer County | 942 | 659 | 9.0% | $143,036 |
| Marshall County | 895 | 551 | 14.9% | $137,190 |
| Washington County | 883 | 544 | 10.5% | $156,325 |
| Wapello County | 881 | 578 | 13.3% | $115,363 |
| Des Moines County | 871 | 511 | 14.9% | $117,882 |
| Dickinson County | 851 | 572 | 9.4% | $315,517 |
| Cedar County | 834 | 508 | 12.0% | $142,698 |
| Buchanan County | 770 | 508 | 11.0% | $122,442 |
| Madison County | 746 | 454 | 13.3% | $221,662 |
| Poweshiek County | 737 | 460 | 9.2% | $143,901 |
| Sioux County | 700 | 499 | 10.3% | $195,714 |
| Mills County | 694 | 407 | 13.0% | $214,251 |
| Mahaska County | 678 | 435 | 14.9% | $126,991 |
| Delaware County | 678 | 423 | 15.9% | $153,186 |
| Jones County | 667 | 421 | 10.0% | $146,709 |
| Cerro Gordo County | 663 | 400 | 11.9% | $172,089 |
| Fayette County | 588 | 358 | 16.7% | $109,201 |
| Plymouth County | 555 | 369 | 11.0% | $184,189 |
| Harrison County | 522 | 309 | 14.8% | $161,169 |
| Iowa County | 520 | 320 | 8.1% | $142,731 |
| Lee County | 515 | 267 | 21.8% | $129,932 |
| Butler County | 492 | 328 | 7.5% | $125,285 |
| Grundy County | 483 | 350 | 9.3% | $128,188 |
| Clay County | 459 | 270 | 15.5% | $174,041 |
| Page County | 448 | 268 | 14.7% | $152,277 |
| Carroll County | 423 | 266 | 16.3% | $152,116 |
| Clayton County | 417 | 268 | 14.2% | $123,393 |
| Tama County | 412 | 238 | 14.6% | $123,544 |
| Guthrie County | 404 | 261 | 10.2% | $200,916 |
| Crawford County | 396 | 250 | 16.4% | $117,904 |
| Buena Vista County | 389 | 248 | 17.7% | $188,830 |
| Jefferson County | 385 | 237 | 13.8% | $131,494 |
| Jackson County | 383 | 238 | 16.2% | $146,697 |
| Hardin County | 380 | 224 | 18.4% | $118,711 |
| Henry County | 380 | 207 | 18.4% | $133,816 |
| Shelby County | 360 | 248 | 10.8% | $131,139 |
| Cass County | 360 | 225 | 11.9% | $124,194 |
| Clarke County | 350 | 227 | 12.6% | $140,429 |
| Lucas County | 344 | 197 | 20.4% | $134,157 |
| Kossuth County | 322 | 196 | 14.6% | $126,646 |
| Chickasaw County | 308 | 215 | 13.0% | $137,727 |
| Hamilton County | 307 | 175 | 15.3% | $132,036 |
| Montgomery County | 304 | 193 | 11.2% | $119,408 |
| Appanoose County | 300 | 179 | 12.3% | $140,400 |
| Lyon County | 285 | 204 | 12.6% | $181,772 |
| Union County | 275 | 154 | 18.2% | $129,982 |
| O'Brien County | 274 | 174 | 15.3% | $138,613 |
| Allamakee County | 257 | 147 | 17.5% | $162,198 |
| Monona County | 251 | 155 | 14.7% | $143,566 |
| Winneshiek County | 251 | 141 | 17.9% | $217,311 |
| Cherokee County | 250 | 160 | 16.8% | $137,840 |
| Greene County | 248 | 136 | 18.1% | $122,540 |
| Humboldt County | 244 | 134 | 14.8% | $137,664 |
| Fremont County | 243 | 147 | 16.1% | $161,173 |
| Louisa County | 236 | 148 | 13.6% | $121,102 |
| Emmet County | 226 | 150 | 9.3% | $130,929 |
| Wright County | 222 | 125 | 19.8% | $124,459 |
| Sac County | 219 | 138 | 16.4% | $117,009 |
| Keokuk County | 217 | 124 | 21.2% | $104,124 |
| Winnebago County | 207 | 137 | 8.2% | $125,435 |
| Calhoun County | 207 | 131 | 16.4% | $133,792 |
| Floyd County | 198 | 121 | 15.7% | $129,899 |
| Adair County | 182 | 102 | 18.1% | $162,967 |
| Mitchell County | 179 | 105 | 17.3% | $138,296 |
| Howard County | 171 | 115 | 18.1% | $137,515 |
| Hancock County | 171 | 107 | 13.4% | $153,538 |
| Davis County | 167 | 94 | 21.6% | $118,293 |
| Palo Alto County | 165 | 92 | 17.0% | $139,182 |
| Wayne County | 163 | 91 | 21.5% | $125,736 |
| Decatur County | 160 | 93 | 21.3% | $122,000 |
| Worth County | 158 | 93 | 18.4% | $128,291 |
| Monroe County | 156 | 84 | 19.2% | $114,423 |
| Ringgold County | 152 | 87 | 16.4% | $154,145 |
| Ida County | 151 | 101 | 15.2% | $125,927 |
| Audubon County | 122 | 75 | 15.6% | $114,590 |
| Franklin County | 122 | 66 | 13.9% | $125,820 |
| Pocahontas County | 112 | 61 | 9.8% | $132,054 |
| Taylor County | 108 | 54 | 20.4% | $117,315 |
| Osceola County | 92 | 52 | 16.3% | $131,739 |
| Van Buren County | 92 | 49 | 15.2% | $119,891 |
| Adams County | 79 | 44 | 16.5% | $142,975 |
Metro Areas in Iowa
Frequently Asked Questions
How many mortgage applications were filed in Iowa?
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Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
