Michigan Mutual in Iowa vs the state
2.9%Denial rate-10.00 pts vs state
3.6%Decision denial rate-11.74 pts vs state
65.7%Origination rate-2.75 pts vs state
6.63%Median rate+0.13 pts vs state
0.06Rate spread (pts)-0.13 pts vs state
$87kMedian applicant income
23Loans originated
1Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 24 | 19 | 8.3% | 6.50% | #270 |
| 2024 | 61 | 46 | 4.9% | 6.25% | #191 |
| 2025 | 35 | 23 | 2.9% | 6.63% | #260 |
What Michigan Mutual lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Michigan Mutual applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 11 | 8 | 1 | 9.1% |
| Scott County | 9 | 5 | 0 | 0.0% |
| Warren County | 4 | 4 | 0 | 0.0% |
| Dallas County | 2 | 1 | 0 | 0.0% |
| Jasper County | 2 | 2 | 0 | 0.0% |
| Muscatine County | 1 | 0 | 0 | 0.0% |
| Marion County | 1 | 1 | 0 | 0.0% |
| Greene County | 1 | 0 | 0 | 0.0% |
| Cedar County | 1 | 0 | 0 | 0.0% |
| Clinton County | 1 | 1 | 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 23 were originated and 1 denied.
2.9% of all applications, or 3.6% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Michigan Mutual originated in Iowa in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Michigan Mutual'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