Largest lenders in Cerro Gordo County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | C | 64 | 43 | 20.3% | 6.49% |
| 2 | U.S. Bank | D | 53 | 37 | 18.9% | 6.63% |
| 3 | Wells Fargo Bank | B | 48 | 33 | 18.8% | 6.38% |
| 4 | Manufacturers Bank & Trust | A | 46 | 37 | 0.0% | — |
| 5 | Plains Commerce Bank | B | 42 | 32 | 2.4% | 6.88% |
| 6 | Mortgage Research Center | C | 33 | 16 | 15.2% | 6.56% |
| 7 | Veridian Credit Union | B | 31 | 22 | 3.2% | 6.50% |
| 8 | GREENSTATE Credit Union | B | 28 | 21 | 7.1% | 6.50% |
| 9 | Bank Iowa | C | 25 | 23 | 4.0% | 7.00% |
| 10 | Cardinal Financial Company, Limited Partnership | B | 22 | 21 | 0.0% | 7.25% |
| 11 | AmeriSave Mortgage | D | 18 | 1 | 88.9% | 6.00% |
| 12 | Iowa Bankers Mortgage | B | 18 | 14 | 0.0% | 6.56% |
| 13 | Figure Lending | C | 17 | 8 | 5.9% | 8.18% |
| 14 | United Shore Financial Services | B | 16 | 7 | 12.5% | 6.13% |
| 15 | Servion | B | 15 | 10 | 13.3% | 6.44% |
| 16 | Broker Solutions | D | 13 | 6 | 15.4% | 7.25% |
| 17 | Coastal Community Bank | C | 13 | 4 | 7.7% | 8.62% |
| 18 | Reliance State Bank | – | 13 | 12 | 7.7% | — |
| 19 | Pennymac Loan Services | C | 12 | 8 | 16.7% | 6.06% |
| 20 | Better Mortgage | F | 11 | 2 | 36.4% | 7.94% |
| 21 | Spring Eq | D | 11 | 3 | 27.3% | 9.90% |
| 22 | Loandepot.Com | D | 11 | 7 | 18.2% | 6.75% |
| 23 | Newrez | D | 10 | 2 | 40.0% | 6.19% |
| 24 | Northwest Bank | A | 8 | 7 | 0.0% | 6.50% |
| 25 | New Day Financial | F | 7 | 0 | 28.6% | — |
Best approval odds in Cerro Gordo County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Rocket Mortgage | 59 | 22.0% |
What Cerro Gordo County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Cerro Gordo County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 601 | 421 | 12.3% | 6.88% | $115,000 |
| 2024 | 601 | 400 | 13.1% | 6.70% | $125,000 |
| 2025 | 806 | 519 | 14.8% | 6.63% | $145,000 |
Frequently asked questions
14.8% of applications in Cerro Gordo County were denied in 2025, against 12.9% statewide in Iowa.
Rocket Mortgage, with 64 applications in 2025 and a denial rate of 20.3%.
The median mortgage application in Cerro Gordo County in 2025 was for $145,000; the median property value on originated loans was $215,000.