Figure Lending in Iowa vs the state
27.6%Denial rate+14.75 pts vs state
28.5%Decision denial rate+13.23 pts vs state
47.6%Origination rate-20.85 pts vs state
8.75%Median rate+2.25 pts vs state
2.69Rate spread (pts)+2.50 pts vs state
$89kMedian applicant income
219Loans originated
127Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 294 | 122 | 34.0% | 11.79% | #66 |
| 2024 | 510 | 235 | 26.5% | 11.20% | #41 |
| 2025 | 460 | 219 | 27.6% | 8.75% | #51 |
What Figure Lending lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 83 | 40 | 20 | 24.1% |
| Scott County | 30 | 16 | 7 | 23.3% |
| Linn County | 24 | 10 | 7 | 29.2% |
| Pottawattamie County | 20 | 13 | 4 | 20.0% |
| Dallas County | 20 | 13 | 4 | 20.0% |
| Story County | 20 | 12 | 4 | 20.0% |
| Cerro Gordo County | 17 | 8 | 1 | 5.9% |
| Woodbury County | 14 | 8 | 3 | 21.4% |
| Dubuque County | 11 | 3 | 7 | 63.6% |
| Boone County | 10 | 6 | 2 | 20.0% |
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: 460 applications in 2025, of which 219 were originated and 127 denied.
27.6% of all applications, or 28.5% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Figure Lending originated in Iowa in 2025 was 8.75%, against a statewide median of 6.50%.
About this data. Figures are Figure Lending'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