21st Mortgage · Iowa · 2025

21st Mortgage in Iowa: approval rate, denial rate and rates (2025)

21st Mortgage took 1,292 mortgage applications in Iowa in 2025, ranking #15 of 739 lenders active in the state. It originated 20.7% of them and denied 57.1% (72.4% of the applications it decided), against a statewide denial rate of 12.9%.

1.3kApplicationsin IA
72.4%Decision denial ratestate 15.3%
11.07%Median ratestate 6.50%
$45,000Median loanstate $135,000
$22MVolume63 counties

21st Mortgage in Iowa vs the state

57.1%Denial rate+44.26 pts vs state
72.4%Decision denial rate+57.04 pts vs state
20.7%Origination rate-47.72 pts vs state
11.07%Median rate+4.57 pts vs state
5.53Rate spread (pts)+5.34 pts vs state
$55kMedian applicant income
268Loans originated
738Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,28228951.0%10.39%#12
20241,35030451.1%11.98%#13
20251,29226857.1%11.07%#15

What 21st Mortgage lends in Iowa

By loan purpose

Home purchase 1,264 98% · 56.7% denied
Refinance 15 1% · 86.7% denied
Cash-out refinance 5 0% · 80.0% denied
Home improvement 4 0% · 50.0% denied
Other / HELOC 4 0% · 75.0% denied

By loan type

Conventional 1,292 100% · 57.1% denied

Why it denied Iowa applicants

Credit history 506 69%
Debt-to-income ratio 133 18%
Incomplete application 26 4%
Collateral 22 3%
Insufficient cash 18 2%
Unverifiable information 16 2%
Other 16 2%
Employment history 1 0%

Where in Iowa

Counties with the most 21st Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 20531118 57.6%
Linn County 1623499 61.1%
Woodbury County 1334063 47.4%
Johnson County 1072256 52.3%
Dubuque County 911362 68.1%
Black Hawk County 871355 63.2%
Pottawattamie County 782334 43.6%
Scott County 732041 56.2%
Dallas County 38922 57.9%
Poweshiek County 27315 55.6%

Other large lenders in Iowa

LenderGradeApplicationsDenial rateMedian rate
GREENSTATE Credit UnionB 13,8295.9%6.50%
Veridian Credit UnionB 8,7258.9%6.49%
Rocket MortgageC 3,76122.7%6.63%
Hills Bank and TrustA 3,4346.1%6.25%
U.S. BankD 2,72025.7%7.00%
Dupaco CommunityA 2,66916.1%7.00%
Community Choice Credit UnionB 2,65311.8%6.13%
Iowa Bankers MortgageB 2,42315.4%6.50%
Broker SolutionsD 2,3866.4%6.75%
Northwest BankA 2,1815.7%6.38%

Frequently asked questions

Iowa: 1,292 applications in 2025, of which 268 were originated and 738 denied.

57.1% of all applications, or 72.4% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans 21st Mortgage originated in Iowa in 2025 was 11.07%, against a statewide median of 6.50%.

About this data. Figures are 21st Mortgage's own HMDA filing for properties located in Iowa, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology