Great Southern Bank · Iowa · 2025

Great Southern Bank in Iowa: approval rate, denial rate and rates (2025)

Great Southern Bank took 268 mortgage applications in Iowa in 2025, ranking #82 of 739 lenders active in the state. It originated 73.9% of them and denied 19.0% (20.5% of the applications it decided), against a statewide denial rate of 12.9%.

268Applicationsin IA
20.5%Decision denial ratestate 15.3%
6.63%Median ratestate 6.50%
$130,000Median loanstate $135,000
$33MVolume30 counties

Great Southern Bank in Iowa vs the state

19.0%Denial rate+6.17 pts vs state
20.5%Decision denial rate+5.17 pts vs state
73.9%Origination rate+5.42 pts vs state
6.63%Median rate+0.13 pts vs state
0.46Rate spread (pts)+0.27 pts vs state
$82kMedian applicant income
198Loans originated
51Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
202329819620.5%6.63%#62
202428119919.6%6.75%#71
202526819819.0%6.63%#82

What Great Southern Bank lends in Iowa

By loan purpose

Home purchase 132 49% · 6.8% denied
Refinance 35 13% · 14.3% denied
Cash-out refinance 10 4% · 30.0% denied
Home improvement 47 18% · 38.3% denied
Other / HELOC 44 16% · 36.4% denied

By loan type

Conventional 222 83% · 19.8% denied
FHA 32 12% · 15.6% denied
VA 10 4% · 20.0% denied
USDA / RHS 4 1% · 0.0% denied

Why it denied Iowa applicants

Debt-to-income ratio 24 47%
Credit history 14 27%
Collateral 4 8%
Incomplete application 3 6%
Unverifiable information 2 4%
Employment history 2 4%
Other 1 2%
Insufficient cash 1 2%

Where in Iowa

Counties with the most Great Southern Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Woodbury County 917114 15.4%
Jasper County 42327 16.7%
Scott County 291810 34.5%
Mahaska County 18116 33.3%
Polk County 17124 23.5%
Monona County 15105 33.3%
Plymouth County 11100 0.0%
Marion County 851 12.5%
Warren County 540 0.0%
Dallas County 541 20.0%

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: 268 applications in 2025, of which 198 were originated and 51 denied.

19.0% of all applications, or 20.5% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Great Southern Bank originated in Iowa in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Great Southern 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