Levo Federal Credit Union · Iowa · 2025

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

Levo Federal Credit Union took 22 mortgage applications in Iowa in 2025, ranking #289 of 739 lenders active in the state. It originated 59.1% of them and denied 13.6% (18.8% of the applications it decided), against a statewide denial rate of 12.9%.

22Applicationsin IA
18.8%Decision denial ratestate 15.3%
7.25%Median ratestate 6.50%
$105,000Median loanstate $135,000
$2.4MVolume5 counties

Levo Federal Credit Union in Iowa vs the state

13.6%Denial rate+0.78 pts vs state
18.8%Decision denial rate+3.44 pts vs state
59.1%Origination rate-9.37 pts vs state
7.25%Median rate+0.75 pts vs state
0.29Rate spread (pts)+0.10 pts vs state
$112kMedian applicant income
13Loans originated
3Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024550.0%8.50%#417
2025221313.6%7.25%#289

What Levo Federal Credit Union lends in Iowa

By loan purpose

Home purchase 5 23% · 0.0% denied
Refinance 1 5% · 0.0% denied
Cash-out refinance 10 45% · 0.0% denied
Other / HELOC 6 27% · 50.0% denied

By loan type

Conventional 21 95% · 14.3% denied
FHA 1 5% · 0.0% denied

Why it denied Iowa applicants

Debt-to-income ratio 2 67%
Credit history 1 33%

Where in Iowa

Counties with the most Levo Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Woodbury County 1061 10.0%
Lyon County 421 25.0%
Plymouth County 421 25.0%
Sioux County 320 0.0%
Polk County 110 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: 22 applications in 2025, of which 13 were originated and 3 denied.

13.6% of all applications, or 18.8% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Levo Federal Credit Union originated in Iowa in 2025 was 7.25%, against a statewide median of 6.50%.

About this data. Figures are Levo Federal 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