Largest lenders in Lyon County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | American State Bank | A | 39 | 27 | 10.3% | — |
| 2 | Premier Bank | C | 37 | 26 | 18.9% | — |
| 3 | U.S. Bank | D | 34 | 23 | 20.6% | 6.99% |
| 4 | Frontier Bank | – | 32 | 28 | 3.1% | — |
| 5 | Iowa Bankers Mortgage | B | 32 | 28 | 12.5% | 6.50% |
| 6 | First Bank & Trust | C | 18 | 5 | 38.9% | 6.75% |
| 7 | Peoples Bank | C | 18 | 13 | 0.0% | — |
| 8 | Security Savings Bank | – | 15 | 10 | 13.3% | — |
| 9 | Rocket Mortgage | C | 11 | 9 | 18.2% | 6.25% |
| 10 | Farm Credit Mid-America | D | 6 | 2 | 50.0% | 6.38% |
| 11 | First International Bank & Trust | B | 6 | 3 | 16.7% | 6.50% |
What Lyon County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Lyon County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 254 | 175 | 15.4% | 6.63% | $155,000 |
| 2024 | 274 | 204 | 13.1% | 6.63% | $155,000 |
| 2025 | 336 | 227 | 14.3% | 6.63% | $165,000 |
Frequently asked questions
14.3% of applications in Lyon County were denied in 2025, against 12.9% statewide in Iowa.
American State Bank, with 39 applications in 2025 and a denial rate of 10.3%.
The median mortgage application in Lyon County in 2025 was for $165,000; the median property value on originated loans was $275,000.