Purchase Originations
113
Median Total Costs
$2,029
−69.6% vs national ($6,680)
↑ $24 vs prior year
Median Rate
6.000%
−7.5% vs national (6.490%)
↓ 0.375% vs prior year
Median Origination
$500
Median Lender Credits
$595
Denial Rate
1.6%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 111 | 6.000% | $2,029 | $500 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Iowa | 113 | 6.000% | $2,029 | #55 |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $1,424 | 6.000% | — | 1 | −$605 | |
| 2 | $1,956 | 5.625% | — | 1 | −$73 | |
| 3 | $1,959 | 6.375% | — | 3 | −$70 | |
| 4 | $1,976 | 6.250% | — | 35 | −$53 | |
| 5 | $2,001 | 6.375% | — | 1 | −$28 | |
| 6 | $2,029 | 5.990% | — | 36 | +$0 | |
| 7 | $2,034 | 5.875% | — | 16 | +$5 | |
| 8 | $2,051 | 5.990% | — | 1 | +$22 | |
| 9 | $2,058 | 6.750% | — | 1 | +$29 | |
| 10 | $2,059 | 5.990% | — | 5 | +$30 | |
| 11 | $2,101 | 6.250% | — | 1 | +$72 | |
| 12 | $2,121 | 6.375% | — | 1 | +$92 | |
| 13 | $2,131 | 6.625% | — | 1 | +$102 | |
| 14 | $2,199 | 5.750% | — | 1 | +$170 | |
| 15 | $2,206 | 6.438% | — | 2 | +$177 | |
| 16 | $2,454 | 5.625% | — | 1 | +$425 | |
| 17 | $2,804 | 6.250% | — | 5 | +$775 | |
| 18 | $2,934 | 6.500% | — | 1 | +$905 |
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 | Greater Iowa Credit Union | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $255,000 | $335,000 | −$80,000 (−23.9%) |
| Median total closing costs | $2,029 | $7,127 | −$5,098 (−71.5%) |
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.