The Federal Savings Bank · Iowa · 2025

The Federal Savings Bank in Iowa: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 106 mortgage applications in Iowa in 2025, ranking #146 of 739 lenders active in the state. It originated 36.8% of them and denied 6.6% (14.6% of the applications it decided), against a statewide denial rate of 12.9%.

106Applicationsin IA
14.6%Decision denial ratestate 15.3%
6.75%Median ratestate 6.50%
$235,000Median loanstate $135,000
$11MVolume40 counties

The Federal Savings Bank in Iowa vs the state

6.6%Denial rate-6.26 pts vs state
14.6%Decision denial rate-0.73 pts vs state
36.8%Origination rate-31.67 pts vs state
6.75%Median rate+0.25 pts vs state
0.59Rate spread (pts)+0.39 pts vs state
$76kMedian applicant income
39Loans originated
7Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231183413.6%6.50%#130
2024111449.0%6.63%#139
2025106396.6%6.75%#146

What The Federal Savings Bank lends in Iowa

By loan purpose

Home purchase 11 10% · 18.2% denied
Refinance 8 8% · 0.0% denied
Cash-out refinance 82 77% · 4.9% denied
Home improvement 2 2% · 0.0% denied
Other / HELOC 3 3% · 33.3% denied

By loan type

Conventional 9 8% · 11.1% denied
FHA 13 12% · 0.0% denied
VA 84 79% · 7.1% denied

Why it denied Iowa applicants

Incomplete application 2 29%
Collateral 2 29%
Employment history 1 14%
Other 1 14%
Insufficient cash 1 14%

Where in Iowa

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 2271 4.5%
Linn County 720 0.0%
Story County 611 16.7%
Pottawattamie County 620 0.0%
Woodbury County 420 0.0%
Boone County 430 0.0%
Warren County 430 0.0%
Scott County 320 0.0%
Crawford County 300 0.0%
Dubuque County 300 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 39 were originated and 7 denied.

6.6% of all applications, or 14.6% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans The Federal Savings Bank originated in Iowa in 2025 was 6.75%, against a statewide median of 6.50%.

About this data. Figures are The Federal Savings 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