Rate-and-term and cash-out refinance applications combined.
| # | Lender | Grade | Refinance applications | Applications | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | GREENSTATE Credit UnionNorth Liberty, IA | B | 3,757 | 13,829 | 5.9% | 6.50% |
| 2 | Rocket MortgagePlymouth, MI | C | 2,610 | 3,761 | 22.7% | 6.63% |
| 3 | Veridian Credit UnionWaterloo, IA | B | 1,789 | 8,725 | 8.9% | 6.49% |
| 4 | United Shore Financial ServicesPlymouth, MI | B | 1,155 | 1,950 | 11.5% | 6.13% |
| 5 | Community 1st Credit UnionOttumwa, IA | D | 1,050 | 1,389 | 12.5% | 1.00% |
| 6 | AmeriSave MortgageSandy Springs, GA | D | 985 | 1,031 | 67.3% | 7.38% |
| 7 | Freedom MortgageBoca Raton, FL | B | 872 | 919 | 14.7% | 6.25% |
| 8 | NewrezWilmington, DE | D | 740 | 939 | 20.2% | 6.25% |
| 9 | Pennymac Loan ServicesWestlake Village, CA | C | 733 | 1,281 | 13.5% | 6.50% |
| 10 | Mortgage Research CenterColumbia, MO | C | 728 | 1,857 | 18.1% | 6.25% |
| 11 | Broker SolutionsTustin, CA | D | 645 | 2,386 | 6.4% | 6.75% |
| 12 | Hills Bank and TrustHills, IA | A | 534 | 3,434 | 6.1% | 6.25% |
| 13 | U.S. BankCincinnati, OH | D | 518 | 2,720 | 25.7% | 7.00% |
| 14 | Northwest BankSpencer, IA | A | 504 | 2,181 | 5.7% | 6.38% |
| 15 | New Day FinancialWest Palm Beach, FL | F | 482 | 502 | 24.3% | 6.99% |
| 16 | Marine Credit UnionLa Crosse, WI | F | 424 | 540 | 36.9% | 9.13% |
| 17 | MidWestOne BankIowa City, IA | A | 423 | 1,488 | 15.4% | 6.00% |
| 18 | Dupaco CommunityDubuque, IA | A | 406 | 2,669 | 16.1% | 7.00% |
| 19 | Loandepot.ComIrvine, CA | D | 389 | 742 | 36.1% | 6.99% |
| 20 | Community Choice Credit UnionJohnston, IA | B | 358 | 2,653 | 11.8% | 6.13% |
| 21 | Iowa Bankers MortgageJohnston, IA | B | 348 | 2,423 | 15.4% | 6.50% |
| 22 | Carrington Mortgage ServicesOrange, CA | D | 339 | 358 | 38.6% | 6.50% |
| 23 | Greater Iowa Credit UnionAmes, IA | D | 326 | 875 | 17.5% | 6.49% |
| 24 | Empeople Credit UnionMoline, IL | C | 298 | 1,057 | 14.2% | 6.49% |
| 25 | Collins Community Credit UnionCedar Rapids, IA | C | 297 | 1,170 | 16.1% | 6.75% |
| 26 | Wells Fargo BankCharlotte, NC | B | 259 | 864 | 12.9% | 6.50% |
| 27 | Mutual of Omaha MortgageSan Diego, CA | C | 236 | 353 | 23.2% | 6.50% |
| 28 | Bank IowaWest Des Moines, IA | C | 236 | 929 | 9.7% | 7.05% |
| 29 | Luana Savings BankLuana, IA | A | 215 | 706 | 2.7% | 6.13% |
| 30 | Nationstar MortgageCoppell, TX | C | 212 | 486 | 15.0% | 7.31% |
| 31 | Central BankStorm Lake, IA | A | 202 | 1,121 | 4.5% | 6.63% |
| 32 | Guaranteed RateChicago, IL | B | 197 | 1,023 | 6.7% | 6.50% |
| 33 | Fidelity Bank & TrustDubuque, IA | A | 195 | 772 | 3.4% | 5.95% |
| 34 | Village Capital & InvestmentHenderson, NV | C | 183 | 189 | 19.6% | 5.75% |
| 35 | LowerColumbia, MD | C | 183 | 650 | 5.5% | 6.75% |
| 36 | Lakeview Loan ServicingCoral Gables, FL | C | 181 | 214 | 52.3% | 6.38% |
| 37 | Farmers State BankWaterloo, IA | B | 175 | 509 | 7.5% | 6.75% |
| 38 | ASCENTRA Credit UnionBettendorf, IA | C | 167 | 607 | 15.2% | 6.50% |
| 39 | Availa BankCarroll, IA | C | 165 | 345 | 5.2% | — |
| 40 | Linn AreaCedar Rapids, IA | C | 164 | 356 | 7.6% | 6.75% |
| 41 | Bankers TrustDes Moines, IA | B | 156 | 734 | 8.0% | 6.38% |
| 42 | Guild MortgageSan Diego, CA | A | 152 | 711 | 2.1% | 6.63% |
| 43 | American FinancingAurora, CO | D | 146 | 163 | 46.6% | 6.25% |
| 44 | I. H. Mississippi Valley Credit UnionMoline, IL | B | 146 | 434 | 9.9% | 6.25% |
| 45 | CMG MortgageSan Ramon, CA | A | 139 | 683 | 4.4% | 6.63% |
| 46 | BMO BankChicago, IL | F | 127 | 439 | 31.9% | 8.83% |
| 47 | CBI Bank & TrustMuscatine, IA | C | 126 | 399 | 11.0% | 7.00% |
| 48 | Royal United MortgageIndianapolis, IN | F | 124 | 132 | 19.7% | 6.88% |
| 49 | United Bank of IowaIda Grove, IA | D | 124 | 531 | 17.7% | 6.75% |
| 50 | Siouxland Federal Credit UnionSouth Sioux City, NE | C | 120 | 174 | 18.4% | 6.25% |
Ordered by the number of applications of this type received in 2025 in the state. All figures come from the lenders' own HMDA filings. Full methodology.
