First in Iowa vs the state
9.0%Denial rate-3.87 pts vs state
10.7%Decision denial rate-4.62 pts vs state
73.0%Origination rate+4.56 pts vs state
6.00%Median rate-0.50 pts vs state
0.34Rate spread (pts)+0.15 pts vs state
$98kMedian applicant income
138Loans originated
17Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 218 | 178 | 7.3% | 7.31% | #87 |
| 2024 | 117 | 84 | 12.0% | 8.00% | #137 |
| 2025 | 189 | 138 | 9.0% | 6.00% | #107 |
What First lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most First applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Linn County | 131 | 90 | 15 | 11.5% |
| Benton County | 23 | 21 | 1 | 4.3% |
| Clay County | 12 | 7 | 0 | 0.0% |
| Johnson County | 6 | 5 | 0 | 0.0% |
| Jones County | 3 | 3 | 0 | 0.0% |
| Pocahontas County | 2 | 1 | 0 | 0.0% |
| Story County | 2 | 2 | 0 | 0.0% |
| Osceola County | 1 | 1 | 0 | 0.0% |
| Dickinson County | 1 | 0 | 1 | 100.0% |
| Louisa 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: 189 applications in 2025, of which 138 were originated and 17 denied.
9.0% of all applications, or 10.7% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans First originated in Iowa in 2025 was 6.00%, against a statewide median of 6.50%.
About this data. Figures are First'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