Plains Commerce Bank · Iowa · 2025

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

Plains Commerce Bank took 320 mortgage applications in Iowa in 2025, ranking #69 of 739 lenders active in the state. It originated 66.6% of them and denied 8.8% (11.6% of the applications it decided), against a statewide denial rate of 12.9%.

320Applicationsin IA
11.6%Decision denial ratestate 15.3%
6.63%Median ratestate 6.50%
$165,000Median loanstate $135,000
$44MVolume54 counties

Plains Commerce Bank in Iowa vs the state

8.8%Denial rate-4.11 pts vs state
11.6%Decision denial rate-3.74 pts vs state
66.6%Origination rate-1.90 pts vs state
6.63%Median rate+0.13 pts vs state
0.47Rate spread (pts)+0.28 pts vs state
$70kMedian applicant income
213Loans originated
28Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234292955.8%6.63%#43
20244252877.8%6.75%#51
20253202138.8%6.63%#69

What Plains Commerce Bank lends in Iowa

By loan purpose

Home purchase 282 88% · 9.6% denied
Refinance 19 6% · 0.0% denied
Cash-out refinance 16 5% · 0.0% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 2 1% · 50.0% denied

By loan type

Conventional 167 52% · 3.6% denied
FHA 122 38% · 17.2% denied
VA 23 7% · 4.4% denied
USDA / RHS 8 3% · 0.0% denied

Why it denied Iowa applicants

Debt-to-income ratio 12 43%
Credit history 9 32%
Collateral 3 11%
Other 1 4%
Insufficient cash 1 4%
Unverifiable information 1 4%
Employment history 1 4%

Where in Iowa

Counties with the most Plains Commerce Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Des Moines County 432510 23.3%
Cerro Gordo County 42321 2.4%
Pottawattamie County 27162 7.4%
Polk County 23161 4.3%
Woodbury County 20152 10.0%
Plymouth County 1190 0.0%
Clinton County 1052 20.0%
Dallas County 840 0.0%
Dickinson County 840 0.0%
Sioux County 741 14.3%

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: 320 applications in 2025, of which 213 were originated and 28 denied.

8.8% of all applications, or 11.6% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Plains Commerce Bank originated in Iowa in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Plains Commerce 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