Linn Area at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
53rd9.0% deniedPricingmedian rate spread over APOR, weight 30%
52nd0.25 ptsProcesswithdrawn + incomplete share, weight 15%
31st16.0%Closing coststotal loan costs ÷ loan amount, weight 10%
60th1.65% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 247 | 202 | 4.9% | 5.6% | 7.25% | $24M |
| 2024 | 260 | 199 | 5.8% | 7.0% | 7.00% | $27M |
| 2025 | 356 | 272 | 7.6% | 9.0% | 6.75% | $40M |
What Linn Area lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 25 investment properties.
Why Linn Area denies applications
Primary reason reported for each of the 27 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Linn Area
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 54 | 42 | 16.0% |
| $50k – $100k | 135 | 96 | 8.6% |
| $100k – $150k | 69 | 60 | 7.7% |
| $150k – $250k | 73 | 51 | 7.3% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 31 | 29 | 0.0% |
| 25–34 | 68 | 52 | 11.9% |
| 35–44 | 72 | 56 | 9.7% |
| 45–54 | 81 | 63 | 11.3% |
| 55–64 | 51 | 35 | 5.4% |
| 65–74 | 32 | 21 | 16.0% |
Where Linn Area lends
1 states and 18 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 356 | 272 | 7.6% | 6.75% | #62 |
Frequently asked questions
Linn Area denied 9.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 53rd percentile of small mortgage lenders.
The most common reason Linn Area gave in 2025 was "credit history", cited on 48.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Linn Area originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.25 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 54% of its applications were for home purchases, 46% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.