Greater Iowa Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the D grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
17th21.4% deniedPricingmedian rate spread over APOR, weight 30%
25th0.58 ptsProcesswithdrawn + incomplete share, weight 15%
27th17.2%Closing coststotal loan costs ÷ loan amount, weight 10%
48th1.98% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 604 | 397 | 14.2% | 17.4% | 7.13% | $38M |
| 2024 | 673 | 426 | 18.6% | 18.7% | 7.24% | $42M |
| 2025 | 877 | 555 | 17.7% | 21.4% | 6.49% | $75M |
What Greater Iowa Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 11 investment properties.
Why Greater Iowa Credit Union denies applications
Primary reason reported for each of the 155 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Greater Iowa Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 124 | 42 | 59.8% |
| $50k – $100k | 349 | 224 | 18.4% |
| $100k – $150k | 202 | 142 | 15.9% |
| $150k – $250k | 149 | 112 | 4.9% |
| Over $250k | 48 | 31 | 12.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 122 | 79 | 19.6% |
| 35–44 | 223 | 133 | 27.8% |
| 45–54 | 233 | 146 | 23.1% |
| 55–64 | 151 | 98 | 17.1% |
| 65–74 | 102 | 69 | 13.8% |
| Over 74 | 29 | 16 | 20.8% |
Where Greater Iowa Credit Union lends
3 states and 50 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 875 | 555 | 17.5% | 6.49% | #27 |
Frequently asked questions
Greater Iowa Credit Union denied 21.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of small mortgage lenders.
The most common reason Greater Iowa Credit Union gave in 2025 was "credit history", cited on 47.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Greater Iowa Credit Union originated in 2025 was 6.49%, and its median rate spread over the average prime offer rate was 0.58 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 16% of its applications were for home purchases, 37% for refinancing (including cash-out), and 47% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.