Union County, Iowa · 2025

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

80 lenders acted on 368 mortgage applications for properties in Union County in 2025. 19.3% were denied (Iowa: 12.9%). Median rate on closed loans 6.63%; median loan $95,000; median property value $155,000.

368Applications
19.3%Denial ratestate 12.9%
6.63%Median ratestate 6.50%
$95,000Median loan
$155,000Median property value

Largest lenders in Union County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Northwest Bank A 6547 12.3%6.38%
2 Iowa Bankers Mortgage B 2712 33.3%6.63%
3 Community 1st Credit Union D 2620 19.2%1.00%
4 Community Choice Credit Union B 133 15.4%6.50%
5 GREENSTATE Credit Union B 129 8.3%7.49%
6 Cardinal Financial Company, Limited Partnership B 1210 16.7%8.00%
7 Guaranteed Rate B 125 16.7%6.55%
8 Veridian Credit Union B 127 33.3%6.13%
9 Rocket Mortgage C 128 33.3%6.62%
10 AmeriSave Mortgage D 82 50.0%9.81%
11 United Shore Financial Services B 85 0.0%6.13%
12 Broker Solutions D 85 12.5%6.75%
13 Mortgage Research Center C 84 12.5%6.25%
14 Homeservices Lending B 75 28.6%6.38%
15 Figure Lending C 73 42.9%8.05%
16 Mutual of Omaha Mortgage C 63 16.7%6.63%
17 Gershman Investment B 63 16.7%6.38%
18 Barrington Bank & Trust Company C 53 20.0%7.38%
19 Lincoln FSB of Nebraska A 54 0.0%7.13%
20 First Interstate Bank D 55 0.0%6.75%
21 Loandepot.Com D 50 60.0%

Best approval odds in Union County

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

#LenderDecidedDecision denial rate
1Northwest Bank5614.3%

What Union County borrowers applied for

By loan purpose

Home purchase 189 51% · 16.9% denied
Refinance 57 15% · 15.8% denied
Cash-out refinance 50 14% · 26.0% denied
Home improvement 30 8% · 30.0% denied
Other / HELOC 42 11% · 19.1% denied

By loan type

Conventional 275 75% · 17.8% denied
FHA 56 15% · 21.4% denied
VA 17 5% · 23.5% denied
USDA / RHS 20 5% · 30.0% denied

Why applications were denied

Credit history 25 37%
Debt-to-income ratio 20 29%
Incomplete application 8 12%
Collateral 6 9%
Insufficient cash 4 6%
Other 3 4%
Employment history 2 3%

Union County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202324513522.0%6.63%$95,000
202425515419.6%6.63%$115,000
202536822019.3%6.63%$95,000

Frequently asked questions

19.3% of applications in Union County were denied in 2025, against 12.9% statewide in Iowa.

Northwest Bank, with 65 applications in 2025 and a denial rate of 12.3%.

The median mortgage application in Union County in 2025 was for $95,000; the median property value on originated loans was $155,000.