Truist Bank · Iowa · 2025

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

Truist Bank took 139 mortgage applications in Iowa in 2025, ranking #129 of 739 lenders active in the state. It originated 80.6% of them and denied 8.6% (9.7% of the applications it decided), against a statewide denial rate of 12.9%.

139Applicationsin IA
9.7%Decision denial ratestate 15.3%
6.38%Median ratestate 6.50%
$325,000Median loanstate $135,000
$40MVolume22 counties

Truist Bank in Iowa vs the state

8.6%Denial rate-4.23 pts vs state
9.7%Decision denial rate-5.63 pts vs state
80.6%Origination rate+12.12 pts vs state
6.38%Median rate-0.13 pts vs state
0.03Rate spread (pts)-0.17 pts vs state
$131kMedian applicant income
112Loans originated
12Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023103878.7%6.50%#141
20241411116.4%6.63%#120
20251391128.6%6.38%#129

What Truist Bank lends in Iowa

By loan purpose

Home purchase 109 78% · 8.3% denied
Refinance 18 13% · 11.1% denied
Cash-out refinance 10 7% · 10.0% denied
Other / HELOC 2 1% · 0.0% denied

By loan type

Conventional 137 99% · 8.0% denied
FHA 1 1% · 100.0% denied
VA 1 1% · 0.0% denied

Why it denied Iowa applicants

Credit history 4 33%
Debt-to-income ratio 3 25%
Incomplete application 2 17%
Unverifiable information 2 17%
Collateral 1 8%

Where in Iowa

Counties with the most Truist Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 70612 2.9%
Dallas County 34284 11.8%
Warren County 651 16.7%
Story County 431 25.0%
Marion County 330 0.0%
Johnson County 210 0.0%
Woodbury County 200 0.0%
Guthrie County 220 0.0%
Boone County 211 50.0%
Jasper County 211 50.0%

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: 139 applications in 2025, of which 112 were originated and 12 denied.

8.6% of all applications, or 9.7% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Truist Bank originated in Iowa in 2025 was 6.38%, against a statewide median of 6.50%.

About this data. Figures are Truist 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