Loan Funder in Iowa vs the state
14.3%Denial rate+1.43 pts vs state
33.3%Decision denial rate+18.02 pts vs state
28.6%Origination rate-39.89 pts vs state
7.35%Median rate+0.85 pts vs state
—Rate spread (pts)
—Median applicant income
10Loans originated
5Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 25 | 6 | 20.0% | 10.49% | #266 |
| 2024 | 33 | 7 | 15.2% | 7.46% | #248 |
| 2025 | 35 | 10 | 14.3% | 7.35% | #258 |
What Loan Funder lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Loan Funder applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 9 | 3 | 1 | 11.1% |
| Scott County | 6 | 3 | 1 | 16.7% |
| Monroe County | 2 | 0 | 0 | 0.0% |
| Boone County | 2 | 1 | 0 | 0.0% |
| Pottawattamie County | 2 | 0 | 0 | 0.0% |
| Marshall County | 2 | 0 | 0 | 0.0% |
| Linn County | 1 | 1 | 0 | 0.0% |
| Benton County | 1 | 1 | 0 | 0.0% |
| Johnson County | 1 | 0 | 0 | 0.0% |
| Lee County | 1 | 0 | 0 | 0.0% |
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: 35 applications in 2025, of which 10 were originated and 5 denied.
14.3% of all applications, or 33.3% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Loan Funder originated in Iowa in 2025 was 7.35%, against a statewide median of 6.50%.
About this data. Figures are Loan Funder'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