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Polk County, Iowa · 2025

Mortgage lenders in Polk County, IA: denial rates and top lenders (2025)

370 lenders acted on 20,733 mortgage applications for properties in Polk County in 2025. 12.3% were denied (Iowa: 12.9%). Median rate on closed loans 6.50%; median loan $165,000; median property value $305,000.

21kApplications
12.3%Denial ratestate 12.9%
6.50%Median ratestate 6.50%
$165,000Median loan
$305,000Median property value

Largest lenders in Polk County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 GREENSTATE Credit Union B 2,5821,906 7.2%6.49%
2 Veridian Credit Union B 2,4691,683 9.6%6.50%
3 Community Choice Credit Union B 1,5451,020 12.2%6.13%
4 Rocket Mortgage C 608455 17.6%6.63%
5 U.S. Bank D 551312 27.0%7.25%
6 Broker Solutions D 504322 6.6%6.75%
7 Northwest Bank A 464365 4.3%6.38%
8 Bankers Trust B 423338 7.8%6.13%
9 United Shore Financial Services B 422307 10.2%6.13%
10 Guaranteed Rate B 384257 7.8%6.55%
11 Greater Iowa Credit Union D 378215 23.5%6.74%
12 Dhi Mortgage Company B 341229 10.6%5.38%
13 Homeservices Lending B 313259 2.6%6.38%
14 Iowa Bankers Mortgage B 281230 10.0%6.50%
15 Premier Credit Union A 280272 0.0%7.00%
16 Luana Savings Bank A 271237 3.3%6.13%
17 Pennymac Loan Services C 254132 13.8%6.49%
18 Central Bank A 246194 3.3%6.38%
19 Gershman Investment B 246205 6.5%6.38%
20 Mortgage Research Center C 246117 16.7%6.25%
21 Barrington Bank & Trust Company C 242160 11.6%6.63%
22 Newrez D 21380 21.6%6.38%
23 Wells Fargo Bank B 207127 13.5%6.38%
24 21st Mortgage F 20531 57.6%12.12%
25 Freedom Mortgage B 20180 9.0%6.25%

Best approval odds in Polk County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Frontier Financial600.0%
2Premier Credit Union2720.0%
3Fairway Independent Mortgage1280.8%
4Coastal Community Bank1251.6%
5Compass Mortgage952.1%
6Fidelity Bank1652.4%
7Homeservices Lending2673.0%
8Truist Bank633.2%
9Guild Mortgage1573.2%
10First Community Mortgage923.3%

What Polk County borrowers applied for

By loan purpose

Home purchase 9,835 47% · 6.4% denied
Refinance 3,063 15% · 10.9% denied
Cash-out refinance 2,610 13% · 23.3% denied
Home improvement 2,172 10% · 15.1% denied
Other / HELOC 3,053 15% · 21.4% denied

By loan type

Conventional 17,341 84% · 11.8% denied
FHA 2,129 10% · 17.0% denied
VA 1,227 6% · 11.3% denied
USDA / RHS 36 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 903 36%
Credit history 715 28%
Collateral 316 13%
Incomplete application 240 10%
Other 170 7%
Unverifiable information 77 3%
Insufficient cash 47 2%
Employment history 39 2%
Mortgage insurance denied 2 0%

Polk County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202317,45611,88212.6%6.75%$145,000
202418,57712,62312.4%6.75%$155,000
202520,73313,87712.3%6.50%$165,000

Frequently asked questions

12.3% of applications in Polk County were denied in 2025, against 12.9% statewide in Iowa.

GREENSTATE Credit Union, with 2,582 applications in 2025 and a denial rate of 7.2%.

The median mortgage application in Polk County in 2025 was for $165,000; the median property value on originated loans was $305,000.