Gershman Investment in Iowa vs the state
4.5%Denial rate-8.40 pts vs state
5.1%Decision denial rate-10.24 pts vs state
82.8%Origination rate+14.29 pts vs state
6.38%Median rate-0.13 pts vs state
-0.02Rate spread (pts)-0.21 pts vs state
$97kMedian applicant income
427Loans originated
23Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 296 | 240 | 4.7% | 6.50% | #65 |
| 2024 | 625 | 521 | 3.2% | 6.38% | #34 |
| 2025 | 516 | 427 | 4.5% | 6.38% | #42 |
What Gershman Investment lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Gershman Investment applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 246 | 205 | 16 | 6.5% |
| Dallas County | 91 | 78 | 2 | 2.2% |
| Warren County | 42 | 34 | 0 | 0.0% |
| Scott County | 25 | 20 | 1 | 4.0% |
| Marion County | 13 | 10 | 0 | 0.0% |
| Story County | 12 | 8 | 1 | 8.3% |
| Jasper County | 11 | 9 | 1 | 9.1% |
| Madison County | 10 | 5 | 0 | 0.0% |
| Des Moines County | 7 | 6 | 0 | 0.0% |
| Pottawattamie County | 6 | 6 | 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: 516 applications in 2025, of which 427 were originated and 23 denied.
4.5% of all applications, or 5.1% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Gershman Investment originated in Iowa in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are Gershman Investment'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