Security State Bank · Iowa · 2025

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

Security State Bank took 106 mortgage applications in Iowa in 2025, ranking #145 of 739 lenders active in the state. It originated 98.1% of them and denied 0.9% (1.0% of the applications it decided), against a statewide denial rate of 12.9%.

106Applicationsin IA
1.0%Decision denial ratestate 15.3%
Median ratestate 6.50%
$105,000Median loanstate $135,000
$14MVolume17 counties

Security State Bank in Iowa vs the state

0.9%Denial rate-11.92 pts vs state
1.0%Decision denial rate-14.36 pts vs state
98.1%Origination rate+29.65 pts vs state
Median rate
Rate spread (pts)
$79kMedian applicant income
104Loans originated
1Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
202399981.0%#145
20241271240.8%#130
20251061040.9%#145

What Security State Bank lends in Iowa

By loan purpose

Home purchase 43 41% · 0.0% denied
Refinance 55 52% · 1.8% denied
Cash-out refinance 6 6% · 0.0% denied
Home improvement 2 2% · 0.0% denied

By loan type

Conventional 106 100% · 0.9% denied

Where in Iowa

Counties with the most Security State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
O'Brien County 34331 2.9%
Chickasaw County 32320 0.0%
Bremer County 14140 0.0%
Cherokee County 660 0.0%
Howard County 440 0.0%
Mitchell County 330 0.0%
Fayette County 220 0.0%
Black Hawk County 220 0.0%
Polk County 100 0.0%
Palo Alto 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: 106 applications in 2025, of which 104 were originated and 1 denied.

0.9% of all applications, or 1.0% 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 Security State 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