Cass County, IA Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 360 mortgage applications in Cass County, IA totaling $44.7 million, up 22% from 2023. The average application was for $124,000, and applicants reported an average income of $82,000. 62% of applications resulted in an originated loan and 12% were denied. The most active lender was CMG Mortgage Inc, with 44 applications, followed by Community 1st Credit Union and Rolling Hills Bank & Trust.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 360 |
| Total Mortgage Loan Application Amount | $44,710,000 |
| Average Mortgage Loan Application Amount | $124,000 |
| Highest Mortgage Loan Application Amount | $1,295,000 |
| Average Applicant Income | $82,000 |
| Highest Applicant Income | $720,000 |
Top Mortgage Lenders in Cass County, IA (2024)
Ranked by the number of mortgage applications each lender reported in Cass County, IA in 2024.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | CMG Mortgage Inc San Ramon, IL |
44 | $4,450,000 | $101,000 | $60,000 |
| 2 | Community 1st Credit Union Ottumwa, IA |
32 | $2,030,000 | $63,000 | $90,000 |
| 3 | Rolling Hills Bank & Trust Atlantic, IA |
25 | $2,825,000 | $113,000 | $92,000 |
| 4 | New American Funding, Llc. Tustin, CA |
14 | $1,450,000 | $103,000 | $51,000 |
| 5 | PennyMac Loan Services LLC Westlake Village, CA |
13 | $1,915,000 | $147,000 | $95,000 |
| 6 | Farm Credit Mid-America, Aca Louisville, KY |
12 | $3,380,000 | $281,000 | $115,000 |
| 7 | Veridian Credit Union Waterloo, IA |
11 | $1,195,000 | $108,000 | $91,000 |
| 8 | First Interstate Bank Billings, MT |
11 | $485,000 | $44,000 | $71,000 |
| 9 | Fnb Bank Massena, IA |
11 | $1,295,000 | $117,000 | $83,000 |
| 10 | Mortgage Research Center Columbia, MO |
9 | $1,325,000 | $147,000 | $59,000 |
The tables below break down 2024 mortgage applications in Cass County, IA by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Cass County, IA in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 197 | $29,195,000 | $148,000 | $1,295,000 | $83,000 | $350,000 |
| Cash-out Refinancing | 66 | $8,010,000 | $121,000 | $375,000 | $71,000 | $192,000 |
| Refinancing | 57 | $5,645,000 | $99,000 | $445,000 | $96,000 | $720,000 |
| Home Improvement | 21 | $895,000 | $42,000 | $145,000 | $86,000 | $203,000 |
| Other Purpose | 19 | $965,000 | $50,000 | $105,000 | $74,000 | $160,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 301 | $36,275,000 | $120,000 | $565,000 | $82,000 | $720,000 |
| Not Provided | 24 | $2,670,000 | $111,000 | $415,000 | $78,000 | $238,000 |
| Not applicable | 22 | $4,100,000 | $186,000 | $1,295,000 | $0 | $0 |
| Hispanic | 10 | $1,200,000 | $120,000 | $285,000 | $111,000 | $350,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $330,000 | $165,000 | $315,000 | $92,000 | $92,000 |
| American Indian or Alaskan Native | 1 | $135,000 | $135,000 | $135,000 | $47,000 | $47,000 |
| Asian | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 238 | $29,380,000 | $123,000 | $1,295,000 | $91,000 | $720,000 |
| FHA-insured (Federal Housing Administration) | 72 | $9,030,000 | $125,000 | $315,000 | $67,000 | $150,000 |
| VA-guaranteed (Veterans Administration) | 27 | $4,805,000 | $177,000 | $285,000 | $61,000 | $122,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 23 | $1,495,000 | $65,000 | $225,000 | $56,000 | $113,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 225 | $26,925,000 | $119,000 | $565,000 | $84,000 | $350,000 |
| Application Withdrawn By Applicant | 45 | $6,065,000 | $134,000 | $375,000 | $86,000 | $720,000 |
| Application Denied By Financial Institution | 43 | $4,275,000 | $99,000 | $505,000 | $73,000 | $159,000 |
| Loan Purchased By The Institution | 20 | $2,670,000 | $133,000 | $225,000 | $76,000 | $95,000 |
| Application Approved But Not Accepted | 17 | $3,315,000 | $195,000 | $1,295,000 | $89,000 | $157,000 |
| File Closed For Incompleteness | 9 | $1,145,000 | $127,000 | $305,000 | $62,000 | $165,000 |
| Preapproval Denied by Financial Institution | 1 | $315,000 | $315,000 | $315,000 | $92,000 | $92,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 275 | $35,505,000 | $129,000 | $1,295,000 | $82,000 | $720,000 |
| Debt-To-Income Ratio | 54 | $6,160,000 | $114,000 | $505,000 | $84,000 | $239,000 |
| Credit Application Incomplete | 10 | $1,050,000 | $105,000 | $235,000 | $67,000 | $111,000 |
| Credit History | 9 | $915,000 | $101,000 | $315,000 | $97,000 | $159,000 |
| Other | 5 | $355,000 | $71,000 | $135,000 | $81,000 | $140,000 |
| Collateral | 4 | $490,000 | $122,000 | $195,000 | $104,000 | $150,000 |
| Unverifiable Information | 2 | $110,000 | $55,000 | $75,000 | $54,000 | $108,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $125,000 | $125,000 | $125,000 | $75,000 | $75,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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