Guaranteed Rate in Iowa vs the state
6.7%Denial rate-6.12 pts vs state
9.4%Decision denial rate-5.90 pts vs state
63.9%Origination rate-4.53 pts vs state
6.50%Median rate0.00 pts vs state
0.27Rate spread (pts)+0.08 pts vs state
$79kMedian applicant income
654Loans originated
69Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 517 | 310 | 5.0% | 6.63% | #37 |
| 2024 | 474 | 319 | 7.6% | 6.63% | #44 |
| 2025 | 1,023 | 654 | 6.7% | 6.50% | #21 |
What Guaranteed Rate lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Guaranteed Rate applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 384 | 257 | 30 | 7.8% |
| Scott County | 109 | 83 | 0 | 0.0% |
| Pottawattamie County | 74 | 42 | 3 | 4.1% |
| Black Hawk County | 50 | 34 | 2 | 4.0% |
| Marshall County | 48 | 34 | 0 | 0.0% |
| Warren County | 31 | 22 | 1 | 3.2% |
| Dallas County | 30 | 17 | 3 | 10.0% |
| Woodbury County | 25 | 11 | 3 | 12.0% |
| Story County | 23 | 15 | 3 | 13.0% |
| Jasper County | 16 | 9 | 1 | 6.3% |
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: 1,023 applications in 2025, of which 654 were originated and 69 denied.
6.7% of all applications, or 9.4% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Guaranteed Rate originated in Iowa in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Guaranteed Rate'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