Greater Iowa Credit Union · Iowa · 2025

Greater Iowa Credit Union in Iowa: approval rate, denial rate and rates (2025)

Greater Iowa Credit Union took 875 mortgage applications in Iowa in 2025, ranking #27 of 739 lenders active in the state. It originated 63.4% of them and denied 17.5% (21.1% of the applications it decided), against a statewide denial rate of 12.9%.

875Applicationsin IA
21.1%Decision denial ratestate 15.3%
6.49%Median ratestate 6.50%
$75,000Median loanstate $135,000
$75MVolume48 counties

Greater Iowa Credit Union in Iowa vs the state

17.5%Denial rate+4.63 pts vs state
21.1%Decision denial rate+5.82 pts vs state
63.4%Origination rate-5.03 pts vs state
6.49%Median rate-0.01 pts vs state
0.58Rate spread (pts)+0.39 pts vs state
$95kMedian applicant income
555Loans originated
153Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
202360239714.3%7.13%#31
202467142618.3%7.24%#31
202587555517.5%6.49%#27

What Greater Iowa Credit Union lends in Iowa

By loan purpose

Home purchase 138 16% · 1.5% denied
Refinance 97 11% · 17.5% denied
Cash-out refinance 229 26% · 10.9% denied
Home improvement 125 14% · 14.4% denied
Other / HELOC 286 33% · 31.8% denied

By loan type

Conventional 871 100% · 17.6% denied
FHA 4 0% · 0.0% denied

Why it denied Iowa applicants

Credit history 73 48%
Debt-to-income ratio 64 42%
Collateral 13 8%
Unverifiable information 2 1%
Employment history 1 1%

Where in Iowa

Counties with the most Greater Iowa Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 37821589 23.5%
Story County 17812613 7.3%
Warren County 68438 11.8%
Dallas County 53406 11.3%
Crawford County 52359 17.3%
Boone County 31273 9.7%
Madison County 1162 18.2%
Hamilton County 1091 10.0%
Jasper County 960 0.0%
Guthrie County 540 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: 875 applications in 2025, of which 555 were originated and 153 denied.

17.5% of all applications, or 21.1% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Greater Iowa Credit Union originated in Iowa in 2025 was 6.49%, against a statewide median of 6.50%.

About this data. Figures are Greater Iowa Credit Union'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