Hills Bank and Trust · Iowa · 2025

Hills Bank and Trust in Iowa: approval rate, denial rate and rates (2025)

Hills Bank and Trust took 3,434 mortgage applications in Iowa in 2025, ranking #4 of 739 lenders active in the state. It originated 83.7% of them and denied 6.1% (6.6% of the applications it decided), against a statewide denial rate of 12.9%.

3.4kApplicationsin IA
6.6%Decision denial ratestate 15.3%
6.25%Median ratestate 6.50%
$155,000Median loanstate $135,000
$633MVolume32 counties

Hills Bank and Trust in Iowa vs the state

6.1%Denial rate-6.74 pts vs state
6.6%Decision denial rate-8.74 pts vs state
83.7%Origination rate+15.23 pts vs state
6.25%Median rate-0.25 pts vs state
-0.05Rate spread (pts)-0.24 pts vs state
$103kMedian applicant income
2,874Loans originated
210Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,4783,0162.7%6.88%#3
20242,5962,1277.0%6.75%#6
20253,4342,8746.1%6.25%#4

What Hills Bank and Trust lends in Iowa

By loan purpose

Home purchase 2,329 68% · 0.9% denied
Refinance 462 13% · 14.1% denied
Cash-out refinance 72 2% · 4.2% denied
Home improvement 381 11% · 18.6% denied
Other / HELOC 190 6% · 26.8% denied

By loan type

Conventional 3,434 100% · 6.1% denied

Why it denied Iowa applicants

Debt-to-income ratio 97 46%
Credit history 78 37%
Collateral 25 12%
Other 6 3%
Unverifiable information 2 1%
Employment history 1 0%
Incomplete application 1 0%

Where in Iowa

Counties with the most Hills Bank and Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Johnson County 1,4881,24591 6.1%
Linn County 1,2221,03165 5.3%
Washington County 30225823 7.6%
Iowa County 102829 8.8%
Cedar County 82644 4.9%
Benton County 61461 1.6%
Black Hawk County 33320 0.0%
Muscatine County 28242 7.1%
Keokuk County 26177 26.9%
Jones County 22181 4.5%

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%
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: 3,434 applications in 2025, of which 2,874 were originated and 210 denied.

6.1% of all applications, or 6.6% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Hills Bank and Trust originated in Iowa in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are Hills Bank and Trust'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