Farm Credit Mid-America · Iowa · 2025

Farm Credit Mid-America in Iowa: approval rate, denial rate and rates (2025)

Farm Credit Mid-America took 263 mortgage applications in Iowa in 2025, ranking #83 of 739 lenders active in the state. It originated 57.0% of them and denied 19.8% (25.2% of the applications it decided), against a statewide denial rate of 12.9%.

263Applicationsin IA
25.2%Decision denial ratestate 15.3%
7.13%Median ratestate 6.50%
$315,000Median loanstate $135,000
$52MVolume84 counties

Farm Credit Mid-America in Iowa vs the state

19.8%Denial rate+6.91 pts vs state
25.2%Decision denial rate+9.93 pts vs state
57.0%Origination rate-11.43 pts vs state
7.13%Median rate+0.63 pts vs state
0.60Rate spread (pts)+0.41 pts vs state
$157kMedian applicant income
150Loans originated
52Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
202326016816.5%6.94%#70
202428118315.7%7.13%#70
202526315019.8%7.13%#83

What Farm Credit Mid-America lends in Iowa

By loan purpose

Home purchase 205 78% · 20.0% denied
Refinance 34 13% · 17.7% denied
Home improvement 20 8% · 25.0% denied
Other / HELOC 4 2% · 0.0% denied

By loan type

Conventional 263 100% · 19.8% denied

Why it denied Iowa applicants

Debt-to-income ratio 42 81%
Other 6 12%
Collateral 2 4%
Insufficient cash 2 4%

Where in Iowa

Counties with the most Farm Credit Mid-America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Dallas County 943 33.3%
Warren County 990 0.0%
Hamilton County 925 55.6%
Clinton County 871 12.5%
Kossuth County 831 12.5%
Greene County 740 0.0%
Jasper County 760 0.0%
Montgomery County 752 28.6%
Polk County 733 42.9%
Guthrie County 750 0.0%

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: 263 applications in 2025, of which 150 were originated and 52 denied.

19.8% of all applications, or 25.2% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Farm Credit Mid-America originated in Iowa in 2025 was 7.13%, against a statewide median of 6.50%.

About this data. Figures are Farm Credit Mid-America'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