Peoples Bank · Iowa · 2025

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

Peoples Bank took 189 mortgage applications in Iowa in 2025, ranking #109 of 739 lenders active in the state. It originated 73.0% of them and denied 4.8% (6.1% of the applications it decided), against a statewide denial rate of 12.9%.

189Applicationsin IA
6.1%Decision denial ratestate 15.3%
Median ratestate 6.50%
$215,000Median loanstate $135,000
$38MVolume17 counties

Peoples Bank in Iowa vs the state

4.8%Denial rate-8.10 pts vs state
6.1%Decision denial rate-9.23 pts vs state
73.0%Origination rate+4.56 pts vs state
Median rate
Rate spread (pts)
$87kMedian applicant income
138Loans originated
9Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231181036.8%7.38%#127
2024111893.6%#140
20251891384.8%#109

What Peoples Bank lends in Iowa

By loan purpose

Home purchase 110 58% · 1.8% denied
Refinance 50 26% · 10.0% denied
Cash-out refinance 16 8% · 6.3% denied
Home improvement 12 6% · 0.0% denied
Other / HELOC 1 1% · 100.0% denied

By loan type

Conventional 183 97% · 4.9% denied
FHA 5 3% · 0.0% denied
VA 1 1% · 0.0% denied

Where in Iowa

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 66484 6.1%
Dallas County 38280 0.0%
Greene County 26212 7.7%
Boone County 18123 16.7%
Guthrie County 15120 0.0%
Story County 770 0.0%
Warren County 720 0.0%
Clarke County 220 0.0%
Madison County 210 0.0%
Franklin County 110 0.0%

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: 189 applications in 2025, of which 138 were originated and 9 denied.

4.8% of all applications, or 6.1% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Peoples 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