Northwest Bank in Iowa vs the state
5.7%Denial rate-7.17 pts vs state
6.5%Decision denial rate-8.79 pts vs state
79.9%Origination rate+11.46 pts vs state
6.38%Median rate-0.13 pts vs state
-0.05Rate spread (pts)-0.24 pts vs state
$103kMedian applicant income
1,743Loans originated
124Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,994 | 1,574 | 6.5% | 6.75% | #8 |
| 2024 | 1,967 | 1,558 | 5.9% | 6.50% | #9 |
| 2025 | 2,181 | 1,743 | 5.7% | 6.38% | #10 |
What Northwest Bank lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Northwest Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 464 | 365 | 20 | 4.3% |
| Dickinson County | 277 | 232 | 12 | 4.3% |
| Woodbury County | 192 | 146 | 20 | 10.4% |
| Clay County | 184 | 151 | 9 | 4.9% |
| Webster County | 116 | 95 | 6 | 5.2% |
| Dallas County | 114 | 91 | 2 | 1.8% |
| Sioux County | 88 | 76 | 2 | 2.3% |
| Kossuth County | 87 | 64 | 6 | 6.9% |
| Plymouth County | 80 | 64 | 4 | 5.0% |
| Story County | 76 | 63 | 4 | 5.3% |
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% |
| United Shore Financial Services | B | 1,950 | 11.5% | 6.13% |
Frequently asked questions
Iowa: 2,181 applications in 2025, of which 1,743 were originated and 124 denied.
5.7% of all applications, or 6.5% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Northwest Bank originated in Iowa in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are Northwest Bank'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