Largest lenders in Washington County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Hills Bank and Trust | A | 302 | 258 | 7.6% | 6.45% |
| 2 | GREENSTATE Credit Union | B | 184 | 142 | 4.9% | 6.49% |
| 3 | Washington State Bank | A | 83 | 79 | 1.2% | — |
| 4 | Residential Mortgage Network | A | 52 | 43 | 0.0% | 6.50% |
| 5 | Community 1st Credit Union | D | 26 | 13 | 38.5% | 6.50% |
| 6 | Federation Bank | – | 26 | 21 | 7.7% | — |
| 7 | CBI Bank & Trust | C | 22 | 15 | 22.7% | 7.50% |
| 8 | AmeriSave Mortgage | D | 17 | 4 | 76.5% | 8.69% |
| 9 | Rocket Mortgage | C | 17 | 13 | 17.7% | 6.75% |
| 10 | 21st Mortgage | F | 15 | 6 | 60.0% | 9.89% |
| 11 | Veridian Credit Union | B | 15 | 8 | 6.7% | 6.49% |
| 12 | Mortgage Research Center | C | 11 | 5 | 18.2% | 5.75% |
| 13 | Freedom Mortgage | B | 9 | 3 | 33.3% | 6.99% |
| 14 | Pennymac Loan Services | C | 8 | 2 | 12.5% | 6.88% |
| 15 | United Shore Financial Services | B | 8 | 7 | 12.5% | 6.00% |
| 16 | Iowa Bankers Mortgage | B | 8 | 4 | 37.5% | 6.25% |
| 17 | Broker Solutions | D | 8 | 1 | 12.5% | 6.49% |
| 18 | Guild Mortgage | A | 7 | 5 | 14.3% | 6.93% |
| 19 | Coastal Community Bank | C | 7 | 1 | 0.0% | 12.99% |
| 20 | Collins Community Credit Union | C | 7 | 4 | 28.6% | 7.31% |
| 21 | U.S. Bank | D | 6 | 4 | 33.3% | 7.30% |
| 22 | Two Rivers Bank & Trust | C | 6 | 5 | 16.7% | 6.60% |
| 23 | MidWestOne Bank | A | 6 | 6 | 0.0% | 6.06% |
| 24 | Navy Federal Credit Union | D | 6 | 3 | 33.3% | 8.25% |
| 25 | Dupaco Community | A | 5 | 2 | 60.0% | 7.00% |
Best approval odds in Washington County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Washington State Bank | 82 | 1.2% |
| 2 | GREENSTATE Credit Union | 161 | 5.6% |
| 3 | Hills Bank and Trust | 294 | 7.8% |
What Washington County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Washington County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 846 | 615 | 11.7% | 7.00% | $105,000 |
| 2024 | 746 | 544 | 12.5% | 6.88% | $115,000 |
| 2025 | 951 | 699 | 12.3% | 6.50% | $105,000 |
Frequently asked questions
12.3% of applications in Washington County were denied in 2025, against 12.9% statewide in Iowa.
Hills Bank and Trust, with 302 applications in 2025 and a denial rate of 7.6%.
The median mortgage application in Washington County in 2025 was for $105,000; the median property value on originated loans was $245,000.