Newrez in Iowa vs the state
20.2%Denial rate+7.37 pts vs state
34.9%Decision denial rate+19.62 pts vs state
36.5%Origination rate-31.93 pts vs state
6.25%Median rate-0.25 pts vs state
0.22Rate spread (pts)+0.03 pts vs state
$83kMedian applicant income
343Loans originated
190Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 463 | 190 | 17.7% | 6.50% | #39 |
| 2024 | 727 | 284 | 19.9% | 6.50% | #27 |
| 2025 | 939 | 343 | 20.2% | 6.25% | #23 |
What Newrez lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 213 | 80 | 46 | 21.6% |
| Scott County | 83 | 37 | 13 | 15.7% |
| Linn County | 73 | 23 | 14 | 19.2% |
| Dallas County | 62 | 22 | 9 | 14.5% |
| Pottawattamie County | 45 | 17 | 5 | 11.1% |
| Warren County | 40 | 18 | 10 | 25.0% |
| Woodbury County | 25 | 15 | 2 | 8.0% |
| Dubuque County | 25 | 10 | 7 | 28.0% |
| Muscatine County | 18 | 4 | 4 | 22.2% |
| Johnson County | 17 | 5 | 5 | 29.4% |
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: 939 applications in 2025, of which 343 were originated and 190 denied.
20.2% of all applications, or 34.9% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Newrez originated in Iowa in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Newrez'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