Navy Federal Credit Union in Iowa vs the state
20.0%Denial rate+7.10 pts vs state
29.6%Decision denial rate+14.24 pts vs state
46.2%Origination rate-22.29 pts vs state
6.38%Median rate-0.13 pts vs state
-0.14Rate spread (pts)-0.33 pts vs state
$106kMedian applicant income
229Loans originated
99Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 375 | 179 | 25.9% | 6.63% | #50 |
| 2024 | 432 | 220 | 20.4% | 6.38% | #50 |
| 2025 | 496 | 229 | 20.0% | 6.38% | #46 |
What Navy Federal Credit Union lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 70 | 35 | 14 | 20.0% |
| Scott County | 45 | 21 | 10 | 22.2% |
| Linn County | 39 | 17 | 8 | 20.5% |
| Pottawattamie County | 39 | 15 | 10 | 25.6% |
| Dallas County | 30 | 15 | 5 | 16.7% |
| Warren County | 16 | 7 | 5 | 31.3% |
| Story County | 14 | 5 | 1 | 7.1% |
| Dubuque County | 13 | 5 | 0 | 0.0% |
| Woodbury County | 13 | 6 | 2 | 15.4% |
| Mills County | 11 | 4 | 1 | 9.1% |
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: 496 applications in 2025, of which 229 were originated and 99 denied.
20.0% of all applications, or 29.6% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Navy Federal Credit Union originated in Iowa in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are Navy Federal Credit Union'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