Old National Bank · Iowa · 2025

Old National Bank in Iowa: approval rate, denial rate and rates (2025)

Old National Bank took 87 mortgage applications in Iowa in 2025, ranking #158 of 739 lenders active in the state. It originated 63.2% of them and denied 19.5% (23.3% of the applications it decided), against a statewide denial rate of 12.9%.

87Applicationsin IA
23.3%Decision denial ratestate 15.3%
6.25%Median ratestate 6.50%
$145,000Median loanstate $135,000
$11MVolume13 counties

Old National Bank in Iowa vs the state

19.5%Denial rate+6.68 pts vs state
23.3%Decision denial rate+7.98 pts vs state
63.2%Origination rate-5.24 pts vs state
6.25%Median rate-0.25 pts vs state
-0.08Rate spread (pts)-0.27 pts vs state
$90kMedian applicant income
55Loans originated
17Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023795122.8%6.50%#166
2024785325.6%6.60%#169
2025875519.5%6.25%#158

What Old National Bank lends in Iowa

By loan purpose

Home purchase 47 54% · 10.6% denied
Refinance 18 21% · 33.3% denied
Cash-out refinance 1 1% · 0.0% denied
Home improvement 10 11% · 30.0% denied
Other / HELOC 11 13% · 27.3% denied

By loan type

Conventional 80 92% · 20.0% denied
FHA 6 7% · 16.7% denied
USDA / RHS 1 1% · 0.0% denied

Why it denied Iowa applicants

Debt-to-income ratio 7 41%
Credit history 3 18%
Collateral 3 18%
Incomplete application 2 12%
Other 2 12%

Where in Iowa

Counties with the most Old National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Scott County 634314 22.2%
Marshall County 660 0.0%
Polk County 310 0.0%
Linn County 210 0.0%
Clinton County 200 0.0%
Winneshiek County 210 0.0%
Henry County 211 50.0%
Johnson County 201 50.0%
Calhoun County 110 0.0%
Keokuk 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: 87 applications in 2025, of which 55 were originated and 17 denied.

19.5% of all applications, or 23.3% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Old National Bank originated in Iowa in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are Old National 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