Pennymac Loan Services in Iowa vs the state
13.5%Denial rate+0.65 pts vs state
21.0%Decision denial rate+5.71 pts vs state
49.3%Origination rate-19.20 pts vs state
6.50%Median rate0.00 pts vs state
0.44Rate spread (pts)+0.25 pts vs state
$88kMedian applicant income
631Loans originated
173Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 541 | 274 | 15.2% | 6.31% | #36 |
| 2024 | 707 | 339 | 14.7% | 6.13% | #28 |
| 2025 | 1,281 | 631 | 13.5% | 6.50% | #16 |
What Pennymac Loan Services lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 254 | 132 | 35 | 13.8% |
| Linn County | 105 | 47 | 16 | 15.2% |
| Pottawattamie County | 78 | 40 | 14 | 17.9% |
| Scott County | 68 | 28 | 6 | 8.8% |
| Dallas County | 66 | 41 | 7 | 10.6% |
| Black Hawk County | 59 | 22 | 7 | 11.9% |
| Warren County | 42 | 26 | 4 | 9.5% |
| Johnson County | 39 | 16 | 5 | 12.8% |
| Story County | 33 | 16 | 6 | 18.2% |
| Dubuque County | 33 | 25 | 1 | 3.0% |
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: 1,281 applications in 2025, of which 631 were originated and 173 denied.
13.5% of all applications, or 21.0% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Pennymac Loan Services originated in Iowa in 2025 was 6.50%, against a statewide median of 6.50%.
About this data. Figures are Pennymac Loan Services'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