Ranked by the dollar value of loans originated. Volume is not quality, but it does tell you who is set up to close at scale.
| # | Lender | Grade | Dollar volume | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | GREENSTATE Credit UnionNorth Liberty, IA | B | $1.9B | 13,829 | 5.9% | 6.50% |
| 2 | Veridian Credit UnionWaterloo, IA | B | $923M | 8,725 | 8.9% | 6.49% |
| 3 | JPMorgan Chase BankColumbus, OH | B | $749M | 328 | 10.1% | 6.38% |
| 4 | Hills Bank and TrustHills, IA | A | $633M | 3,434 | 6.1% | 6.25% |
| 5 | Rocket MortgagePlymouth, MI | C | $442M | 3,761 | 22.7% | 6.63% |
| 6 | Iowa Bankers MortgageJohnston, IA | B | $404M | 2,423 | 15.4% | 6.50% |
| 7 | Northwest BankSpencer, IA | A | $383M | 2,181 | 5.7% | 6.38% |
| 8 | United Shore Financial ServicesPlymouth, MI | B | $350M | 1,950 | 11.5% | 6.13% |
| 9 | Community Choice Credit UnionJohnston, IA | B | $345M | 2,653 | 11.8% | 6.13% |
| 10 | U.S. BankCincinnati, OH | D | $279M | 2,720 | 25.7% | 7.00% |
| 11 | Broker SolutionsTustin, CA | D | $259M | 2,386 | 6.4% | 6.75% |
| 12 | Central BankStorm Lake, IA | A | $254M | 1,121 | 4.5% | 6.63% |
| 13 | Dupaco CommunityDubuque, IA | A | $249M | 2,669 | 16.1% | 7.00% |
| 14 | Mortgage Research CenterColumbia, MO | C | $234M | 1,857 | 18.1% | 6.25% |
| 15 | Bankers TrustDes Moines, IA | B | $215M | 734 | 8.0% | 6.38% |
| 16 | Luana Savings BankLuana, IA | A | $212M | 706 | 2.7% | 6.13% |
| 17 | Bank IowaWest Des Moines, IA | C | $197M | 929 | 9.7% | 7.05% |
| 18 | Dhi Mortgage CompanyArlington, TX | B | $195M | 991 | 10.5% | 5.38% |
| 19 | MidWestOne BankIowa City, IA | A | $191M | 1,488 | 15.4% | 6.00% |
| 20 | Fidelity Bank & TrustDubuque, IA | A | $151M | 772 | 3.4% | 5.95% |
| 21 | Greystone Servicing CompanyWarrenton, VA | D | $144M | 10 | 0.0% | 5.06% |
| 22 | Empeople Credit UnionMoline, IL | C | $132M | 1,057 | 14.2% | 6.49% |
| 23 | LowerColumbia, MD | C | $130M | 650 | 5.5% | 6.75% |
| 24 | Residential Mortgage NetworkIowa City, IA | A | $125M | 598 | 0.8% | 6.50% |
| 25 | Guaranteed RateChicago, IL | B | $123M | 1,023 | 6.7% | 6.50% |
| 26 | Homeservices LendingUrbandale, IA | B | $122M | 639 | 2.8% | 6.50% |
| 27 | Pennymac Loan ServicesWestlake Village, CA | C | $122M | 1,281 | 13.5% | 6.50% |
| 28 | Guild MortgageSan Diego, CA | A | $120M | 711 | 2.1% | 6.63% |
| 29 | West Gate BankLincoln, NE | A | $116M | 501 | 3.4% | 6.38% |
| 30 | Wells Fargo BankCharlotte, NC | B | $116M | 864 | 12.9% | 6.50% |
| 31 | Gershman InvestmentChesterfield, MO | B | $112M | 516 | 4.5% | 6.38% |
| 32 | Collins Community Credit UnionCedar Rapids, IA | C | $110M | 1,170 | 16.1% | 6.75% |
| 33 | Community State BankAnkeny, IA | C | $107M | 114 | 5.3% | — |
| 34 | Berkadia Commercial MortgageAmbler, PA | B | $100M | 5 | 0.0% | 5.39% |
| 35 | Farmers State BankWaterloo, IA | B | $99M | 509 | 7.5% | 6.75% |
| 36 | Fidelity BankThomson, IL | A | $95M | 383 | 2.4% | — |
| 37 | Ruhl MortgageMoline, IL | A | $90M | 486 | 0.6% | 6.25% |
| 38 | CMG MortgageSan Ramon, CA | A | $88M | 683 | 4.4% | 6.63% |
| 39 | Fairway Independent MortgageMadison, WI | B | $84M | 428 | 3.5% | 6.75% |
| 40 | NewrezWilmington, DE | D | $84M | 939 | 20.2% | 6.25% |
| 41 | Community 1st Credit UnionOttumwa, IA | D | $83M | 1,389 | 12.5% | 1.00% |
| 42 | Colliers MortgageMinneapolis, MN | A | $81M | 7 | 0.0% | 5.68% |
| 43 | Freedom MortgageBoca Raton, FL | B | $77M | 919 | 14.7% | 6.25% |
| 44 | Barrington Bank & Trust CompanyBarrington, IL | C | $75M | 480 | 8.8% | 6.63% |
| 45 | Premier Credit UnionDes Moines, IA | A | $75M | 742 | 12.1% | 7.00% |
| 46 | Greater Iowa Credit UnionAmes, IA | D | $75M | 875 | 17.5% | 6.49% |
| 47 | American State BankSioux Center, IA | A | $68M | 286 | 4.2% | — |
| 48 | Flat Branch MortgageColumbia, MO | A | $66M | 358 | 0.3% | 6.56% |
| 49 | Cedar Rapids Bank and TrustCedar Rapids, IA | B | $66M | 161 | 7.5% | — |
| 50 | PrimebankLe Mars, IA | A | $65M | 317 | 3.8% | — |
Ordered by the dollar value of loans originated in 2025 in the state. All figures come from the lenders' own HMDA filings. Full methodology.
