Largest lenders in Montgomery County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Bank Iowa | C | 69 | 42 | 24.6% | 7.25% |
| 2 | Houghton State Bank | – | 39 | 38 | 2.6% | — |
| 3 | Rocket Mortgage | C | 24 | 20 | 16.7% | 6.69% |
| 4 | First Interstate Bank | D | 20 | 8 | 20.0% | 8.50% |
| 5 | Veridian Credit Union | B | 12 | 7 | 8.3% | 6.38% |
| 6 | Broker Solutions | D | 12 | 4 | 0.0% | 7.12% |
| 7 | Iowa Bankers Mortgage | B | 10 | 7 | 30.0% | 6.88% |
| 8 | Mortgage Research Center | C | 9 | 2 | 33.3% | 5.81% |
| 9 | U.S. Bank | D | 8 | 4 | 37.5% | 6.91% |
| 10 | Nationstar Mortgage | C | 8 | 4 | 25.0% | 7.37% |
| 11 | Ark-La-Tex Financial Services, LLC. | A | 8 | 6 | 0.0% | 6.38% |
| 12 | AmeriSave Mortgage | D | 7 | 1 | 85.7% | 6.50% |
| 13 | Farm Credit Mid-America | D | 7 | 5 | 28.6% | 6.75% |
| 14 | Castle & Cooke Mortgage | C | 6 | 2 | 16.7% | 6.69% |
| 15 | Centris | B | 5 | 3 | 0.0% | 6.50% |
| 16 | Coastal Community Bank | C | 5 | 2 | 0.0% | 8.74% |
| 17 | Community Choice Credit Union | B | 5 | 1 | 40.0% | 5.99% |
Best approval odds in Montgomery County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Bank Iowa | 60 | 28.3% |
What Montgomery County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Montgomery County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 323 | 222 | 14.9% | 6.75% | $85,000 |
| 2024 | 279 | 193 | 12.2% | 7.13% | $85,000 |
| 2025 | 357 | 214 | 19.1% | 6.88% | $95,000 |
Frequently asked questions
19.1% of applications in Montgomery County were denied in 2025, against 12.9% statewide in Iowa.
Bank Iowa, with 69 applications in 2025 and a denial rate of 24.6%.
The median mortgage application in Montgomery County in 2025 was for $95,000; the median property value on originated loans was $175,000.