Bank of America in Iowa vs the state
35.7%Denial rate+22.84 pts vs state
46.7%Decision denial rate+31.38 pts vs state
40.5%Origination rate-27.95 pts vs state
6.24%Median rate-0.26 pts vs state
0.51Rate spread (pts)+0.32 pts vs state
$90kMedian applicant income
160Loans originated
141Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 379 | 115 | 53.8% | 7.49% | #49 |
| 2024 | 341 | 122 | 41.1% | 7.24% | #62 |
| 2025 | 395 | 160 | 35.7% | 6.24% | #58 |
What Bank of America lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 132 | 62 | 36 | 27.3% |
| Dallas County | 31 | 19 | 6 | 19.4% |
| Scott County | 24 | 12 | 7 | 29.2% |
| Pottawattamie County | 19 | 5 | 10 | 52.6% |
| Warren County | 15 | 10 | 5 | 33.3% |
| Linn County | 13 | 3 | 7 | 53.8% |
| Woodbury County | 12 | 2 | 4 | 33.3% |
| Johnson County | 10 | 5 | 2 | 20.0% |
| Marion County | 7 | 5 | 2 | 28.6% |
| Boone County | 6 | 2 | 4 | 66.7% |
Other large lenders in Iowa
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| GREENSTATE Credit Union | B | 13,829 | 5.9% | 6.50% |
| Veridian Credit Union | B | 8,725 | 8.9% | 6.49% |
| Rocket Mortgage | C | 3,761 | 22.7% | 6.63% |
| Hills Bank and Trust | A | 3,434 | 6.1% | 6.25% |
| U.S. Bank | D | 2,720 | 25.7% | 7.00% |
| Dupaco Community | A | 2,669 | 16.1% | 7.00% |
| Community Choice Credit Union | B | 2,653 | 11.8% | 6.13% |
| Iowa Bankers Mortgage | B | 2,423 | 15.4% | 6.50% |
| Broker Solutions | D | 2,386 | 6.4% | 6.75% |
| Northwest Bank | A | 2,181 | 5.7% | 6.38% |
Frequently asked questions
Iowa: 395 applications in 2025, of which 160 were originated and 141 denied.
35.7% of all applications, or 46.7% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Bank of America originated in Iowa in 2025 was 6.24%, against a statewide median of 6.50%.
About this data. Figures are Bank of America'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