First Colony Mortgage in Iowa vs the state
12.5%Denial rate-0.36 pts vs state
19.2%Decision denial rate+3.92 pts vs state
32.5%Origination rate-35.96 pts vs state
6.25%Median rate-0.25 pts vs state
0.05Rate spread (pts)-0.14 pts vs state
$80kMedian applicant income
13Loans originated
5Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 5 | 2 | 0.0% | 6.19% | #415 |
| 2025 | 40 | 13 | 12.5% | 6.25% | #241 |
What First Colony Mortgage lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most First Colony Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Dickinson County | 8 | 5 | 0 | 0.0% |
| Dallas County | 6 | 1 | 2 | 33.3% |
| Polk County | 6 | 0 | 1 | 16.7% |
| Clay County | 4 | 4 | 0 | 0.0% |
| Des Moines County | 2 | 0 | 1 | 50.0% |
| Story County | 2 | 0 | 0 | 0.0% |
| Scott County | 2 | 1 | 0 | 0.0% |
| Dubuque County | 2 | 0 | 0 | 0.0% |
| Emmet County | 1 | 1 | 0 | 0.0% |
| Warren County | 1 | 0 | 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: 40 applications in 2025, of which 13 were originated and 5 denied.
12.5% of all applications, or 19.2% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans First Colony Mortgage originated in Iowa in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are First Colony 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