Rocket Mortgage in Iowa vs the state
22.7%Denial rate+9.82 pts vs state
24.5%Decision denial rate+9.16 pts vs state
67.8%Origination rate-0.63 pts vs state
6.63%Median rate+0.13 pts vs state
0.68Rate spread (pts)+0.49 pts vs state
$78kMedian applicant income
2,551Loans originated
853Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,445 | 1,653 | 22.4% | 6.50% | #6 |
| 2024 | 2,918 | 2,020 | 21.4% | 6.50% | #3 |
| 2025 | 3,761 | 2,551 | 22.7% | 6.63% | #3 |
What Rocket Mortgage lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Rocket Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 608 | 455 | 107 | 17.6% |
| Scott County | 186 | 134 | 37 | 19.9% |
| Linn County | 185 | 123 | 46 | 24.9% |
| Pottawattamie County | 181 | 123 | 38 | 21.0% |
| Woodbury County | 146 | 101 | 31 | 21.2% |
| Dallas County | 119 | 80 | 28 | 23.5% |
| Warren County | 116 | 85 | 18 | 15.5% |
| Johnson County | 93 | 56 | 26 | 28.0% |
| Black Hawk County | 82 | 58 | 15 | 18.3% |
| Story County | 65 | 43 | 13 | 20.0% |
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% |
| 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% |
| United Shore Financial Services | B | 1,950 | 11.5% | 6.13% |
Frequently asked questions
Iowa: 3,761 applications in 2025, of which 2,551 were originated and 853 denied.
22.7% of all applications, or 24.5% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Rocket Mortgage originated in Iowa in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Rocket Mortgage'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