Purchase Originations
244
Median Total Costs
$2,957
−55.7% vs national ($6,680)
↓ $7 vs prior year
Median Rate
6.495%
+0.1% vs national (6.490%)
↓ 0.130% vs prior year
Median Origination
$1,250
Median Lender Credits
$212
Denial Rate
6.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 209 | 6.500% | $2,904 | $1,250 |
| usda | 35 | 6.000% | $4,942 | $1,250 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $2,671 | 6.625% | — | 2 | −$286 | |
| 2 | $2,783 | 6.375% | — | 3 | −$174 | |
| 3 | $2,826 | 6.250% | — | 4 | −$131 | |
| 4 | $2,829 | 6.125% | — | 9 | −$128 | |
| 5 | $2,833 | 6.624% | — | 22 | −$124 | |
| 6 | $2,848 | 6.625% | — | 7 | −$109 | |
| 7 | $2,878 | 6.490% | — | 43 | −$79 | |
| 8 | $2,948 | 6.375% | — | 5 | −$9 | |
| 9 | $2,957 | 6.125% | — | 25 | +$0 | |
| 10 | $2,978 | 6.500% | — | 22 | +$21 | |
| 11 | $2,980 | 6.500% | — | 4 | +$23 | |
| 12 | $3,047 | 5.750% | — | 3 | +$90 | |
| 13 | $3,067 | 6.438% | — | 8 | +$110 | |
| 14 | $3,079 | 5.990% | — | 8 | +$122 | |
| 15 | $3,322 | 6.875% | — | 2 | +$365 | |
| 16 | $3,399 | 6.438% | — | 26 | +$442 | |
| 17 | $3,447 | 6.500% | — | 11 | +$490 | |
| 18 | $3,651 | 6.625% | — | 5 | +$694 | |
| 19 | $4,367 | 6.125% | — | 3 | +$1,410 | |
| 20 | $13,494 | 7.120% | — | 2 | +$10,537 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Bank Iowa | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $205,000 | $335,000 | −$130,000 (−38.8%) |
| Median total closing costs | $2,957 | $7,127 | −$4,170 (−58.5%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.