Bankwest in Iowa vs the state
35.7%Denial rate+22.85 pts vs state
45.5%Decision denial rate+30.14 pts vs state
42.9%Origination rate-25.60 pts vs state
7.38%Median rate+0.88 pts vs state
1.40Rate spread (pts)+1.21 pts vs state
$84kMedian applicant income
6Loans originated
5Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 23 | 4 | 65.2% | 7.24% | #273 |
| 2024 | 14 | 0 | 64.3% | — | #308 |
| 2025 | 14 | 6 | 35.7% | 7.38% | #326 |
What Bankwest lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Bankwest applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Story County | 5 | 2 | 2 | 40.0% |
| O'Brien County | 2 | 1 | 0 | 0.0% |
| Polk County | 2 | 0 | 2 | 100.0% |
| Clay County | 1 | 1 | 0 | 0.0% |
| Plymouth County | 1 | 1 | 0 | 0.0% |
| Jackson County | 1 | 0 | 0 | 0.0% |
| Dallas County | 1 | 0 | 1 | 100.0% |
| Cherokee County | 1 | 1 | 0 | 0.0% |
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: 14 applications in 2025, of which 6 were originated and 5 denied.
35.7% of all applications, or 45.5% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Bankwest originated in Iowa in 2025 was 7.38%, against a statewide median of 6.50%.
About this data. Figures are Bankwest'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