Planet Home Lending · Iowa · 2025

Planet Home Lending in Iowa: approval rate, denial rate and rates (2025)

Planet Home Lending took 86 mortgage applications in Iowa in 2025, ranking #160 of 739 lenders active in the state. It originated 79.1% of them and denied 16.3% (16.7% of the applications it decided), against a statewide denial rate of 12.9%.

86Applicationsin IA
16.7%Decision denial ratestate 15.3%
5.99%Median ratestate 6.50%
$235,000Median loanstate $135,000
$18MVolume32 counties

Planet Home Lending in Iowa vs the state

16.3%Denial rate+3.42 pts vs state
16.7%Decision denial rate+1.36 pts vs state
79.1%Origination rate+10.61 pts vs state
5.99%Median rate-0.51 pts vs state
-0.45Rate spread (pts)-0.64 pts vs state
$85kMedian applicant income
68Loans originated
14Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023312125.8%6.25%#250
2024715421.1%6.25%#180
2025866816.3%5.99%#160

What Planet Home Lending lends in Iowa

By loan purpose

Home purchase 22 26% · 22.7% denied
Refinance 50 58% · 16.0% denied
Cash-out refinance 13 15% · 7.7% denied
Home improvement 1 1% · 0.0% denied

By loan type

Conventional 9 10% · 33.3% denied
FHA 25 29% · 20.0% denied
VA 52 60% · 11.5% denied

Why it denied Iowa applicants

Incomplete application 12 86%
Debt-to-income ratio 1 7%
Credit history 1 7%

Where in Iowa

Counties with the most Planet Home Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 16151 6.3%
Scott County 743 42.9%
Mills County 622 33.3%
Linn County 541 20.0%
Johnson County 550 0.0%
Dallas County 440 0.0%
Page County 330 0.0%
Warren County 330 0.0%
Jasper County 321 33.3%
Wapello County 330 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: 86 applications in 2025, of which 68 were originated and 14 denied.

16.3% of all applications, or 16.7% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Planet Home Lending originated in Iowa in 2025 was 5.99%, against a statewide median of 6.50%.

About this data. Figures are Planet Home Lending'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