Finance of America Reverse in Iowa vs the state
19.4%Denial rate+6.49 pts vs state
22.2%Decision denial rate+6.91 pts vs state
67.7%Origination rate-0.72 pts vs state
6.13%Median rate-0.38 pts vs state
—Rate spread (pts)
$27kMedian applicant income
21Loans originated
6Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 45 | 35 | 8.9% | 7.74% | #220 |
| 2024 | 34 | 24 | 11.8% | 7.53% | #246 |
| 2025 | 31 | 21 | 19.4% | 6.13% | #269 |
What Finance of America Reverse lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Finance of America Reverse applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 7 | 5 | 1 | 14.3% |
| Benton County | 3 | 2 | 1 | 33.3% |
| Muscatine County | 2 | 1 | 1 | 50.0% |
| Winneshiek County | 2 | 2 | 0 | 0.0% |
| Story County | 2 | 2 | 0 | 0.0% |
| Jones County | 1 | 1 | 0 | 0.0% |
| Dubuque County | 1 | 1 | 0 | 0.0% |
| Hardin County | 1 | 0 | 1 | 100.0% |
| Clinton County | 1 | 1 | 0 | 0.0% |
| Buena Vista 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: 31 applications in 2025, of which 21 were originated and 6 denied.
19.4% of all applications, or 22.2% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Finance of America Reverse originated in Iowa in 2025 was 6.13%, against a statewide median of 6.50%.
About this data. Figures are Finance of America Reverse'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