Sofi Bank in Iowa vs the state
8.3%Denial rate-4.58 pts vs state
21.4%Decision denial rate+6.06 pts vs state
30.5%Origination rate-38.00 pts vs state
7.38%Median rate+0.88 pts vs state
1.38Rate spread (pts)+1.19 pts vs state
$108kMedian applicant income
92Loans originated
25Denied
Trend in Iowa
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 34 | 18 | 11.8% | 7.19% | #241 |
| 2024 | 102 | 27 | 17.7% | 6.88% | #145 |
| 2025 | 302 | 92 | 8.3% | 7.38% | #75 |
What Sofi Bank lends in Iowa
By loan purpose
By loan type
Why it denied Iowa applicants
Where in Iowa
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Polk County | 67 | 17 | 4 | 6.0% |
| Scott County | 18 | 8 | 3 | 16.7% |
| Linn County | 16 | 5 | 3 | 18.8% |
| Pottawattamie County | 15 | 5 | 1 | 6.7% |
| Johnson County | 14 | 3 | 1 | 7.1% |
| Black Hawk County | 13 | 4 | 0 | 0.0% |
| Dallas County | 12 | 7 | 2 | 16.7% |
| Woodbury County | 10 | 5 | 0 | 0.0% |
| Warren County | 7 | 3 | 0 | 0.0% |
| Clinton County | 7 | 2 | 0 | 0.0% |
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% |
| Rocket Mortgage | C | 3,761 | 22.7% | 6.63% |
| 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% |
Frequently asked questions
Iowa: 302 applications in 2025, of which 92 were originated and 25 denied.
8.3% of all applications, or 21.4% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.
The median rate on loans Sofi Bank originated in Iowa in 2025 was 7.38%, against a statewide median of 6.50%.
About this data. Figures are Sofi 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