Carrington Mortgage Services in Iowa vs the state
38.6%Denial rate+25.69 pts vs state
46.2%Decision denial rate+30.84 pts vs state
34.6%Origination rate-33.82 pts vs state
6.50%Median rate0.00 pts vs state
0.79Rate spread (pts)+0.60 pts vs state
$76kMedian applicant income
124Loans originated
138Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 297 | 87 | 52.5% | 6.63% | #64 |
| 2024 | 293 | 98 | 42.7% | 6.63% | #66 |
| 2025 | 358 | 124 | 38.6% | 6.50% | #60 |
What Carrington Mortgage Services lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Carrington Mortgage Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 51 | 17 | 18 | 35.3% |
| Linn County | 38 | 10 | 15 | 39.5% |
| Woodbury County | 26 | 11 | 12 | 46.2% |
| Scott County | 25 | 6 | 12 | 48.0% |
| Pottawattamie County | 16 | 8 | 5 | 31.3% |
| Black Hawk County | 11 | 4 | 4 | 36.4% |
| Warren County | 11 | 6 | 4 | 36.4% |
| Marshall County | 9 | 3 | 5 | 55.6% |
| Johnson County | 8 | 3 | 3 | 37.5% |
| Story County | 8 | 1 | 3 | 37.5% |
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: 358 applications in 2025, of which 124 were originated and 138 denied.
38.6% of all applications, or 46.2% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Carrington Mortgage Services originated in Iowa in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Carrington Mortgage Services'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