BMO Bank in Iowa vs the state
31.9%Denial rate+19.03 pts vs state
40.7%Decision denial rate+25.39 pts vs state
44.0%Origination rate-24.50 pts vs state
8.83%Median rate+2.33 pts vs state
1.49Rate spread (pts)+1.30 pts vs state
$73kMedian applicant income
193Loans originated
140Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 291 | 157 | 23.7% | 7.38% | #67 |
| 2024 | 411 | 174 | 33.6% | 9.10% | #54 |
| 2025 | 439 | 193 | 31.9% | 8.83% | #52 |
What BMO Bank lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 146 | 65 | 58 | 39.7% |
| Linn County | 46 | 27 | 7 | 15.2% |
| Carroll County | 31 | 13 | 7 | 22.6% |
| Warren County | 27 | 14 | 5 | 18.5% |
| Boone County | 27 | 11 | 7 | 25.9% |
| Dallas County | 19 | 10 | 5 | 26.3% |
| Pottawattamie County | 18 | 6 | 8 | 44.4% |
| Johnson County | 16 | 6 | 5 | 31.3% |
| Winneshiek County | 16 | 9 | 0 | 0.0% |
| Harrison County | 12 | 8 | 3 | 25.0% |
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: 439 applications in 2025, of which 193 were originated and 140 denied.
31.9% of all applications, or 40.7% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans BMO Bank originated in Iowa in 2025 was 8.83%, against a statewide median of 6.50%.
About this data. Figures are BMO Bank'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