Largest lenders in Shelby County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | The Shelby County State Bank | A | 75 | 69 | 4.0% | — |
| 2 | Community 1st Credit Union | D | 27 | 10 | 48.2% | 1.00% |
| 3 | Iowa Bankers Mortgage | B | 27 | 24 | 3.7% | 6.50% |
| 4 | Rocket Mortgage | C | 25 | 19 | 20.0% | 6.99% |
| 5 | Farmers Trust & Savings Bank Earling, Iowa | – | 16 | 16 | 0.0% | — |
| 6 | United Bank of Iowa | D | 12 | 7 | 16.7% | 6.75% |
| 7 | United Shore Financial Services | B | 11 | 5 | 27.3% | 5.63% |
| 8 | Centris | B | 10 | 6 | 20.0% | 6.88% |
| 9 | CMG Mortgage | A | 9 | 7 | 11.1% | 6.88% |
| 10 | Mortgage Research Center | C | 9 | 3 | 22.2% | 5.99% |
| 11 | AmeriSave Mortgage | D | 8 | 4 | 50.0% | 8.44% |
| 12 | Coastal Community Bank | C | 6 | 3 | 0.0% | 14.99% |
| 13 | Midstates Bank | – | 6 | 6 | 0.0% | — |
| 14 | Plains Commerce Bank | B | 5 | 5 | 0.0% | 6.38% |
| 15 | Veridian Credit Union | B | 5 | 3 | 20.0% | 6.74% |
| 16 | Newrez | D | 5 | 4 | 0.0% | 5.81% |
| 17 | Broker Solutions | D | 5 | 0 | 20.0% | — |
Best approval odds in Shelby County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | The Shelby County State Bank | 72 | 4.2% |
What Shelby County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Shelby County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 250 | 188 | 11.2% | 6.63% | $95,000 |
| 2024 | 338 | 248 | 11.5% | 6.75% | $105,000 |
| 2025 | 402 | 279 | 14.7% | 6.63% | $115,000 |
Frequently asked questions
14.7% of applications in Shelby County were denied in 2025, against 12.9% statewide in Iowa.
The Shelby County State Bank, with 75 applications in 2025 and a denial rate of 4.0%.
The median mortgage application in Shelby County in 2025 was for $115,000; the median property value on originated loans was $215,000.