Lower in Iowa vs the state
5.5%Denial rate-7.32 pts vs state
6.8%Decision denial rate-8.48 pts vs state
74.8%Origination rate+6.31 pts vs state
6.75%Median rate+0.25 pts vs state
0.49Rate spread (pts)+0.30 pts vs state
$94kMedian applicant income
486Loans originated
36Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 443 | 353 | 9.3% | 7.00% | #42 |
| 2024 | 559 | 438 | 5.9% | 6.88% | #37 |
| 2025 | 650 | 486 | 5.5% | 6.75% | #36 |
What Lower lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Scott County | 259 | 202 | 9 | 3.5% |
| Polk County | 161 | 127 | 10 | 6.2% |
| Dallas County | 39 | 30 | 2 | 5.1% |
| Clinton County | 22 | 16 | 4 | 18.2% |
| Warren County | 22 | 16 | 2 | 9.1% |
| Boone County | 15 | 13 | 2 | 13.3% |
| Jasper County | 10 | 5 | 0 | 0.0% |
| Marion County | 8 | 7 | 0 | 0.0% |
| Story County | 7 | 4 | 2 | 28.6% |
| Johnson County | 7 | 3 | 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: 650 applications in 2025, of which 486 were originated and 36 denied.
5.5% of all applications, or 6.8% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Lower originated in Iowa in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are Lower'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