GREENSTATE Credit Union · Iowa · 2025

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

GREENSTATE Credit Union took 13,829 mortgage applications in Iowa in 2025, ranking #1 of 739 lenders active in the state. It originated 77.1% of them and denied 5.9% (6.7% of the applications it decided), against a statewide denial rate of 12.9%.

14kApplicationsin IA
6.7%Decision denial ratestate 15.3%
6.50%Median ratestate 6.50%
$125,000Median loanstate $135,000
$1.9BVolume89 counties

GREENSTATE Credit Union in Iowa vs the state

5.9%Denial rate-7.01 pts vs state
6.7%Decision denial rate-8.61 pts vs state
77.1%Origination rate+8.63 pts vs state
6.50%Median rate0.00 pts vs state
0.27Rate spread (pts)+0.08 pts vs state
$106kMedian applicant income
10,661Loans originated
809Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
202311,9328,5655.3%6.75%#1
202411,8908,8506.2%6.88%#1
202513,82910,6615.9%6.50%#1

What GREENSTATE Credit Union lends in Iowa

By loan purpose

Home purchase 7,270 53% · 3.2% denied
Refinance 2,300 17% · 7.2% denied
Cash-out refinance 1,457 11% · 10.3% denied
Home improvement 1,720 12% · 8.8% denied
Other / HELOC 1,082 8% · 10.1% denied

By loan type

Conventional 13,243 96% · 5.9% denied
FHA 342 2% · 8.5% denied
VA 224 2% · 1.8% denied
USDA / RHS 20 0% · 0.0% denied

Why it denied Iowa applicants

Credit history 325 40%
Debt-to-income ratio 313 39%
Collateral 98 12%
Unverifiable information 32 4%
Insufficient cash 13 2%
Other 13 2%
Employment history 8 1%
Incomplete application 7 1%

Where in Iowa

Counties with the most GREENSTATE Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 2,5821,906186 7.2%
Linn County 2,2321,747127 5.7%
Johnson County 2,2261,79672 3.2%
Black Hawk County 1,04283260 5.8%
Scott County 90771942 4.6%
Dallas County 86167935 4.1%
Dubuque County 46637031 6.7%
Poweshiek County 31824411 3.5%
Warren County 28321423 8.1%
Iowa County 1901596 3.2%

Other large lenders in Iowa

LenderGradeApplicationsDenial rateMedian rate
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%
United Shore Financial ServicesB 1,95011.5%6.13%

Frequently asked questions

Iowa: 13,829 applications in 2025, of which 10,661 were originated and 809 denied.

5.9% of all applications, or 6.7% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

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

About this data. Figures are GREENSTATE 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