Largest lenders in Iowa County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Summit Credit Union | A | 101 | 60 | 15.8% | 6.50% |
| 2 | University of Wisconsin Credit Union | A | 66 | 38 | 25.8% | 6.63% |
| 3 | Heartland Credit Union (Madison) | B | 58 | 31 | 10.3% | 6.99% |
| 4 | Farmers Savings Bank | A | 56 | 37 | 7.1% | — |
| 5 | BMO Bank | F | 46 | 12 | 50.0% | 7.88% |
| 6 | Mound City Bank | A | 39 | 30 | 2.6% | — |
| 7 | Dupaco Community | A | 32 | 20 | 12.5% | 6.13% |
| 8 | Rocket Mortgage | C | 30 | 12 | 40.0% | 6.31% |
| 9 | Compeer Financial, Flca | C | 27 | 18 | 0.0% | 7.05% |
| 10 | The Peoples Community Bank | A | 25 | 22 | 4.0% | — |
| 11 | Royal Bank | C | 23 | 16 | 21.7% | 7.25% |
| 12 | Lake Ridge Bank | A | 22 | 12 | 22.7% | 5.88% |
| 13 | Prosperity Home Mortgage | A | 16 | 14 | 0.0% | 6.25% |
| 14 | Pennymac Loan Services | C | 14 | 1 | 50.0% | 5.63% |
| 15 | Marine Credit Union | F | 13 | 2 | 53.9% | 9.24% |
| 16 | Mortgage Research Center | C | 12 | 8 | 0.0% | 5.87% |
| 17 | Associated Bank | B | 11 | 6 | 36.4% | 6.38% |
| 18 | Fairway Independent Mortgage | B | 11 | 9 | 9.1% | 6.50% |
| 19 | Newrez | D | 11 | 3 | 0.0% | 6.25% |
| 20 | Nations Lending | B | 11 | 11 | 0.0% | 6.75% |
| 21 | Woodford State Bank | A | 10 | 10 | 0.0% | — |
| 22 | Unnamed lender 254900B0P7ZWM2SQVJ36 | C | 9 | 9 | 0.0% | — |
| 23 | The Bank of New Glarus | A | 8 | 8 | 0.0% | 6.56% |
| 24 | Loandepot.Com | D | 7 | 2 | 42.9% | 6.88% |
| 25 | Figure Lending | C | 7 | 2 | 42.9% | 9.05% |
Best approval odds in Iowa County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Farmers Savings Bank | 56 | 7.1% |
| 2 | Summit Credit Union | 95 | 16.8% |
| 3 | University of Wisconsin Credit Union | 56 | 30.4% |
What Iowa County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Iowa County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 754 | 529 | 11.1% | 6.63% | $135,000 |
| 2024 | 725 | 482 | 15.6% | 6.88% | $155,000 |
| 2025 | 852 | 494 | 17.6% | 6.63% | $175,000 |
Frequently asked questions
17.6% of applications in Iowa County were denied in 2025, against 14.0% statewide in Wisconsin.
Summit Credit Union, with 101 applications in 2025 and a denial rate of 15.8%.
The median mortgage application in Iowa County in 2025 was for $175,000; the median property value on originated loans was $325,000.