Commerce Home Mortgage in Iowa vs the state
6.7%Denial rate-6.19 pts vs state
14.3%Decision denial rate-1.02 pts vs state
40.0%Origination rate-28.46 pts vs state
8.19%Median rate+1.69 pts vs state
1.90Rate spread (pts)+1.71 pts vs state
$142kMedian applicant income
6Loans originated
1Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7 | 1 | 28.6% | 9.00% | #382 |
| 2024 | 9 | 4 | 33.3% | 7.75% | #346 |
| 2025 | 15 | 6 | 6.7% | 8.19% | #323 |
What Commerce Home Mortgage lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Linn County | 4 | 1 | 0 | 0.0% |
| Pottawattamie County | 2 | 0 | 0 | 0.0% |
| Story County | 1 | 1 | 0 | 0.0% |
| Polk County | 1 | 0 | 0 | 0.0% |
| Black Hawk County | 1 | 1 | 0 | 0.0% |
| Iowa County | 1 | 0 | 1 | 100.0% |
| Des Moines County | 1 | 0 | 0 | 0.0% |
| Mills County | 1 | 1 | 0 | 0.0% |
| Dallas County | 1 | 1 | 0 | 0.0% |
| Scott 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: 15 applications in 2025, of which 6 were originated and 1 denied.
6.7% of all applications, or 14.3% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Commerce Home Mortgage originated in Iowa in 2025 was 8.19%, against a statewide median of 6.50%.
About this data. Figures are Commerce Home Mortgage'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