Broker Solutions · Iowa · 2025

Broker Solutions in Iowa: approval rate, denial rate and rates (2025)

Broker Solutions took 2,386 mortgage applications in Iowa in 2025, ranking #9 of 739 lenders active in the state. It originated 60.0% of them and denied 6.4% (9.5% of the applications it decided), against a statewide denial rate of 12.9%.

2.4kApplicationsin IA
9.5%Decision denial ratestate 15.3%
6.75%Median ratestate 6.50%
$155,000Median loanstate $135,000
$259MVolume94 counties

Broker Solutions in Iowa vs the state

6.4%Denial rate-6.49 pts vs state
9.5%Decision denial rate-5.80 pts vs state
60.0%Origination rate-8.44 pts vs state
6.75%Median rate+0.25 pts vs state
0.52Rate spread (pts)+0.33 pts vs state
$73kMedian applicant income
1,432Loans originated
152Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,2688255.1%6.88%#13
20242,4111,5205.8%6.75%#8
20252,3861,4326.4%6.75%#9

What Broker Solutions lends in Iowa

By loan purpose

Home purchase 1,439 60% · 2.7% denied
Refinance 239 10% · 2.9% denied
Cash-out refinance 406 17% · 9.9% denied
Home improvement 90 4% · 18.9% denied
Other / HELOC 212 9% · 23.1% denied

By loan type

Conventional 1,245 52% · 4.7% denied
FHA 961 40% · 9.1% denied
VA 169 7% · 4.1% denied
USDA / RHS 11 0% · 0.0% denied

Why it denied Iowa applicants

Credit history 87 57%
Other 18 12%
Collateral 16 11%
Debt-to-income ratio 12 8%
Unverifiable information 10 7%
Incomplete application 6 4%
Insufficient cash 3 2%

Where in Iowa

Counties with the most Broker Solutions applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 50432233 6.5%
Scott County 34424815 4.4%
Linn County 22715610 4.4%
Clinton County 117844 3.4%
Dallas County 107766 5.6%
Warren County 65404 6.2%
Benton County 47281 2.1%
Story County 45300 0.0%
Jasper County 44264 9.1%
Wapello County 40255 12.5%

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%
Northwest BankA 2,1815.7%6.38%
United Shore Financial ServicesB 1,95011.5%6.13%

Frequently asked questions

Iowa: 2,386 applications in 2025, of which 1,432 were originated and 152 denied.

6.4% of all applications, or 9.5% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Broker Solutions originated in Iowa in 2025 was 6.75%, against a statewide median of 6.50%.

About this data. Figures are Broker Solutions'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