Veridian Credit Union · Iowa · 2025

Veridian Credit Union in Iowa: approval rate, denial rate and rates (2025)

Veridian Credit Union took 8,725 mortgage applications in Iowa in 2025, ranking #2 of 739 lenders active in the state. It originated 71.6% of them and denied 8.9% (10.8% of the applications it decided), against a statewide denial rate of 12.9%.

8.7kApplicationsin IA
10.8%Decision denial ratestate 15.3%
6.49%Median ratestate 6.50%
$75,000Median loanstate $135,000
$923MVolume98 counties

Veridian Credit Union in Iowa vs the state

8.9%Denial rate-3.98 pts vs state
10.8%Decision denial rate-4.47 pts vs state
71.6%Origination rate+3.14 pts vs state
6.49%Median rate-0.01 pts vs state
-0.14Rate spread (pts)-0.33 pts vs state
$95kMedian applicant income
6,247Loans originated
775Denied

Trend in Iowa

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236,8994,8689.7%7.00%#2
20248,5315,93111.4%6.99%#2
20258,7256,2478.9%6.49%#2

What Veridian Credit Union lends in Iowa

By loan purpose

Home purchase 2,887 33% · 2.9% denied
Refinance 1,233 14% · 7.5% denied
Cash-out refinance 556 6% · 6.7% denied
Home improvement 2,297 26% · 8.8% denied
Other / HELOC 1,752 20% · 20.6% denied

By loan type

Conventional 8,634 99% · 8.9% denied
VA 91 1% · 4.4% denied

Why it denied Iowa applicants

Debt-to-income ratio 357 46%
Credit history 315 41%
Collateral 55 7%
Other 26 3%
Employment history 15 2%
Unverifiable information 4 1%
Mortgage insurance denied 2 0%
Insufficient cash 1 0%

Where in Iowa

Counties with the most Veridian Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Polk County 2,4691,683237 9.6%
Black Hawk County 1,9181,472112 5.8%
Linn County 69450359 8.5%
Dallas County 57342150 8.7%
Bremer County 36930315 4.1%
Buchanan County 23916721 8.8%
Pottawattamie County 23115131 13.4%
Fayette County 22214932 14.4%
Warren County 19414721 10.8%
Johnson County 18613421 11.3%

Other large lenders in Iowa

LenderGradeApplicationsDenial rateMedian rate
GREENSTATE Credit UnionB 13,8295.9%6.50%
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%
United Shore Financial ServicesB 1,95011.5%6.13%

Frequently asked questions

Iowa: 8,725 applications in 2025, of which 6,247 were originated and 775 denied.

8.9% of all applications, or 10.8% of the applications it actually decided on. The Iowa statewide average across all lenders was 12.9%.

The median rate on loans Veridian Credit Union originated in Iowa in 2025 was 6.49%, against a statewide median of 6.50%.

About this data. Figures are Veridian Credit Union'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