Baxter Credit Union · Iowa · 2025

Baxter Credit Union in Iowa: approval rate, denial rate and rates (2025)

Baxter Credit Union took 22 mortgage applications in Iowa in 2025, ranking #291 of 739 lenders active in the state. It originated 40.9% of them and denied 31.8% (35.0% of the applications it decided), against a statewide denial rate of 12.9%.

22Applicationsin IA
35.0%Decision denial ratestate 15.3%
6.63%Median ratestate 6.50%
$120,000Median loanstate $135,000
$1.5MVolume14 counties

Baxter Credit Union in Iowa vs the state

31.8%Denial rate+18.96 pts vs state
35.0%Decision denial rate+19.69 pts vs state
40.9%Origination rate-27.55 pts vs state
6.63%Median rate+0.13 pts vs state
0.26Rate spread (pts)+0.07 pts vs state
$111kMedian applicant income
9Loans originated
7Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20239622.2%8.75%#351
202411818.2%6.63%#321
202522931.8%6.63%#291

What Baxter Credit Union lends in Iowa

By loan purpose

Home purchase 10 45% · 20.0% denied
Refinance 1 5% · 100.0% denied
Cash-out refinance 2 9% · 50.0% denied
Home improvement 4 18% · 50.0% denied
Other / HELOC 5 23% · 20.0% denied

By loan type

Conventional 22 100% · 31.8% denied

Why it denied Iowa applicants

Debt-to-income ratio 4 57%
Credit history 2 29%
Collateral 1 14%

Where in Iowa

Counties with the most Baxter Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Black Hawk County 320 0.0%
Story County 320 0.0%
Jackson County 220 0.0%
Scott County 202 100.0%
Des Moines County 202 100.0%
Polk County 210 0.0%
Fayette County 101 100.0%
Dubuque County 110 0.0%
Buena Vista County 110 0.0%
Clinton County 101 100.0%

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: 22 applications in 2025, of which 9 were originated and 7 denied.

31.8% of all applications, or 35.0% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Baxter Credit Union originated in Iowa in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Baxter Credit Union'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