Metro CU · Iowa · 2025

Metro CU in Iowa: approval rate, denial rate and rates (2025)

Metro CU took 81 mortgage applications in Iowa in 2025, ranking #167 of 739 lenders active in the state. It originated 51.9% of them and denied 23.5% (29.2% of the applications it decided), against a statewide denial rate of 12.9%.

81Applicationsin IA
29.2%Decision denial ratestate 15.3%
6.00%Median ratestate 6.50%
$75,000Median loanstate $135,000
$4.2MVolume10 counties

Metro CU in Iowa vs the state

23.5%Denial rate+10.60 pts vs state
29.2%Decision denial rate+13.92 pts vs state
51.9%Origination rate-16.61 pts vs state
6.00%Median rate-0.50 pts vs state
-0.48Rate spread (pts)-0.67 pts vs state
$109kMedian applicant income
42Loans originated
19Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023583813.8%5.56%#196
2024602835.0%6.25%#195
2025814223.5%6.00%#167

What Metro CU lends in Iowa

By loan purpose

Home purchase 7 9% · 0.0% denied
Refinance 3 4% · 33.3% denied
Cash-out refinance 7 9% · 14.3% denied
Home improvement 32 40% · 12.5% denied
Other / HELOC 32 40% · 40.6% denied

By loan type

Conventional 81 100% · 23.5% denied

Why it denied Iowa applicants

Debt-to-income ratio 7 37%
Credit history 6 32%
Incomplete application 4 21%
Collateral 1 5%
Employment history 1 5%

Where in Iowa

Counties with the most Metro CU applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pottawattamie County 563110 17.9%
Mills County 841 12.5%
Harrison County 724 57.1%
Montgomery County 421 25.0%
Fremont County 110 0.0%
Shelby County 110 0.0%
Monona County 101 100.0%
Cass County 110 0.0%
Jones County 101 100.0%
Adair County 101 100.0%

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: 81 applications in 2025, of which 42 were originated and 19 denied.

23.5% of all applications, or 29.2% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Metro CU originated in Iowa in 2025 was 6.00%, against a statewide median of 6.50%.

About this data. Figures are Metro CU'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