The Loan Store · Iowa · 2025

The Loan Store in Iowa: approval rate, denial rate and rates (2025)

The Loan Store took 37 mortgage applications in Iowa in 2025, ranking #251 of 739 lenders active in the state. It originated 62.2% of them and denied 8.1% (10.0% of the applications it decided), against a statewide denial rate of 12.9%.

37Applicationsin IA
10.0%Decision denial ratestate 15.3%
6.99%Median ratestate 6.50%
$195,000Median loanstate $135,000
$4.4MVolume13 counties

The Loan Store in Iowa vs the state

8.1%Denial rate-4.75 pts vs state
10.0%Decision denial rate-5.31 pts vs state
62.2%Origination rate-6.30 pts vs state
6.99%Median rate+0.49 pts vs state
0.42Rate spread (pts)+0.23 pts vs state
$126kMedian applicant income
23Loans originated
3Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
202443319.3%6.88%#225
202537238.1%6.99%#251

What The Loan Store lends in Iowa

By loan purpose

Home purchase 22 59% · 4.6% denied
Refinance 2 5% · 0.0% denied
Cash-out refinance 8 22% · 12.5% denied
Home improvement 1 3% · 100.0% denied
Other / HELOC 4 11% · 0.0% denied

By loan type

Conventional 29 78% · 6.9% denied
FHA 5 14% · 0.0% denied
VA 3 8% · 33.3% denied

Why it denied Iowa applicants

Debt-to-income ratio 2 67%
Collateral 1 33%

Where in Iowa

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pottawattamie County 1180 0.0%
Polk County 741 14.3%
Dallas County 530 0.0%
Linn County 320 0.0%
Warren County 210 0.0%
Osceola County 210 0.0%
Scott County 110 0.0%
Boone County 110 0.0%
Story County 110 0.0%
Greene County 101 100.0%

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: 37 applications in 2025, of which 23 were originated and 3 denied.

8.1% of all applications, or 10.0% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans The Loan Store originated in Iowa in 2025 was 6.99%, against a statewide median of 6.50%.

About this data. Figures are The Loan Store'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