Peoples Bank · Iowa · 2025

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

Peoples Bank took 193 mortgage applications in Iowa in 2025, ranking #104 of 739 lenders active in the state. It originated 74.1% of them and denied 9.3% (11.2% of the applications it decided), against a statewide denial rate of 12.9%.

193Applicationsin IA
11.2%Decision denial ratestate 15.3%
Median ratestate 6.50%
$135,000Median loanstate $135,000
$26MVolume9 counties

Peoples Bank in Iowa vs the state

9.3%Denial rate-3.53 pts vs state
11.2%Decision denial rate-4.13 pts vs state
74.1%Origination rate+5.63 pts vs state
Median rate
Rate spread (pts)
$93kMedian applicant income
143Loans originated
18Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
202314310314.7%#111
202414310512.6%#119
20251931439.3%#104

What Peoples Bank lends in Iowa

By loan purpose

Home purchase 102 53% · 5.9% denied
Refinance 56 29% · 12.5% denied
Home improvement 23 12% · 13.0% denied
Other / HELOC 12 6% · 16.7% denied

By loan type

Conventional 187 97% · 9.1% denied
USDA / RHS 6 3% · 16.7% denied

Where in Iowa

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Woodbury County 69556 8.7%
Sioux County 55395 9.1%
Plymouth County 30186 20.0%
Lyon County 18130 0.0%
O'Brien County 1191 9.1%
Dickinson County 650 0.0%
Monona County 220 0.0%
Cherokee County 110 0.0%
Osceola 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: 193 applications in 2025, of which 143 were originated and 18 denied.

9.3% of all applications, or 11.2% 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