First State Bank · Iowa · 2025

First State Bank in Iowa: approval rate, denial rate and rates (2025)

First State Bank took 185 mortgage applications in Iowa in 2025, ranking #110 of 739 lenders active in the state. It originated 99.5% of them and denied 0.5% (0.5% of the applications it decided), against a statewide denial rate of 12.9%.

185Applicationsin IA
0.5%Decision denial ratestate 15.3%
Median ratestate 6.50%
$85,000Median loanstate $135,000
$23MVolume20 counties

First State Bank in Iowa vs the state

0.5%Denial rate-12.32 pts vs state
0.5%Decision denial rate-14.77 pts vs state
99.5%Origination rate+31.00 pts vs state
Median rate
Rate spread (pts)
$98kMedian applicant income
184Loans originated
1Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231161160.0%#132
20241171170.0%#136
20251851840.5%#110

What First State Bank lends in Iowa

By loan purpose

Home purchase 80 43% · 0.0% denied
Refinance 77 42% · 1.3% denied
Cash-out refinance 3 2% · 0.0% denied
Home improvement 21 11% · 0.0% denied
Other / HELOC 4 2% · 0.0% denied

By loan type

Conventional 185 100% · 0.5% denied

Where in Iowa

Counties with the most First State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wapello County 59590 0.0%
Poweshiek County 43430 0.0%
Jasper County 23230 0.0%
Polk County 22220 0.0%
Mahaska County 12120 0.0%
Tama County 431 25.0%
Iowa County 440 0.0%
Appanoose County 330 0.0%
Benton County 220 0.0%
Warren County 220 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: 185 applications in 2025, of which 184 were originated and 1 denied.

0.5% of all applications, or 0.5% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are First State Bank'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