Des Moines-West Des Moines, IA Metro Area Mortgage Lenders & HMDA Data, 2023
In 2023, lenders reported 29,663 mortgage applications in Des Moines-West Des Moines, IA metro area totaling $6.1 billion, down 27% from 2022. The average application was for $206,404, and applicants reported an average income of $120,997. 61% of applications resulted in an originated loan and 10% were denied. The most active lender was Greenstate Credit Union, with 3,384 applications, followed by Veridian Credit Union and Community Choice Credit Union.
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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 |
| Total Number of Mortgage Applications | 29,663 |
| Total Mortgage Loan Application Amount | $6,122,565,000 |
| Average Mortgage Loan Application Amount | $206,404 |
| Highest Mortgage Loan Application Amount | $33,305,000 |
| Average Applicant Income | $120,997 |
| Highest Applicant Income | $6,970,000 |
Top Mortgage Lenders in Des Moines-West Des Moines, IA Metro Area (2023)
Ranked by the number of mortgage applications each lender reported in Des Moines-West Des Moines, IA metro area in 2023.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Greenstate Credit Union North Liberty, IA |
3,384 | $529,750,000 | $156,000 | $126,000 |
| 2 | Veridian Credit Union Waterloo, IA |
2,435 | $256,545,000 | $105,000 | $117,000 |
| 3 | Community Choice Credit Union Johnston, IA |
1,266 | $136,760,000 | $108,000 | $122,000 |
| 4 | US Bank, N.A. Cincinnati, OH |
938 | $150,360,000 | $160,000 | $117,000 |
| 5 | Iowa Bankers Mortgage Corporation Johnston, IA |
886 | $222,620,000 | $251,000 | $137,000 |
| 6 | PennyMac Loan Services LLC Westlake Village, CA |
713 | $181,985,000 | $255,000 | $97,000 |
| 7 | Lincoln Savings Bank Reinbeck, IA |
655 | $167,745,000 | $256,000 | $119,000 |
| 8 | Homeservices Lending LLC Urbandale, IA |
626 | $136,680,000 | $218,000 | $96,000 |
| 9 | Northwest Bank Spencer, IA |
604 | $165,340,000 | $273,000 | $170,000 |
| 10 | Amerihome Mortgage Company, LLC Thousand Oaks, CA |
579 | $132,355,000 | $228,000 | $92,000 |
See every lender active in Des Moines-West Des Moines, IA metro area in 2023 »
The tables below break down 2023 mortgage applications in Des Moines-West Des Moines, IA metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Des Moines-West Des Moines, IA in 2023
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 | 17,538 | $4,532,940,000 | $258,000 | $32,655,000 | $119,000 | $4,901,000 |
| Other Purpose | 3,774 | $300,860,000 | $79,000 | $18,835,000 | $123,000 | $3,300,000 |
| Home Improvement | 3,219 | $206,725,000 | $64,000 | $2,505,000 | $127,000 | $1,636,000 |
| Cash-out Refinancing | 2,869 | $505,175,000 | $176,000 | $1,485,000 | $104,000 | $6,970,000 |
| Refinancing | 2,194 | $569,730,000 | $259,000 | $33,305,000 | $144,000 | $5,541,000 |
| Not Applicable | 69 | $7,135,000 | $103,000 | $225,000 | $63,000 | $111,000 |
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 | 18,911 | $3,502,565,000 | $185,000 | $2,405,000 | $126,000 | $6,970,000 |
| Not applicable | 3,977 | $1,423,045,000 | $357,000 | $33,305,000 | $140,000 | $1,700,000 |
| Not Provided | 2,460 | $460,320,000 | $187,000 | $2,185,000 | $122,000 | $1,800,000 |
| Hispanic | 2,065 | $292,435,000 | $141,000 | $945,000 | $85,000 | $2,116,000 |
| Black or African American | 1,064 | $203,940,000 | $191,000 | $835,000 | $94,000 | $880,000 |
| Asian | 913 | $187,925,000 | $205,000 | $955,000 | $112,000 | $2,609,000 |
| American Indian or Alaskan Native | 101 | $16,695,000 | $165,000 | $1,215,000 | $96,000 | $600,000 |
| Native Hawaiian or Other Pacific Islander | 17 | $1,935,000 | $113,000 | $335,000 | $115,000 | $600,000 |
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) | 24,330 | $4,799,500,000 | $197,000 | $33,305,000 | $127,000 | $6,970,000 |
| FHA-insured (Federal Housing Administration) | 3,458 | $797,080,000 | $230,000 | $495,000 | $84,000 | $430,000 |
| VA-guaranteed (Veterans Administration) | 1,661 | $490,465,000 | $295,000 | $1,375,000 | $99,000 | $655,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 214 | $35,520,000 | $165,000 | $355,000 | $73,000 | $199,000 |
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 | 18,143 | $3,926,225,000 | $216,000 | $33,305,000 | $129,000 | $6,970,000 |
| Application Withdrawn By Applicant | 3,576 | $718,210,000 | $200,000 | $16,855,000 | $117,000 | $3,600,000 |
| Loan Purchased By The Institution | 3,373 | $878,525,000 | $260,000 | $2,815,000 | $128,000 | $1,700,000 |
| Application Denied By Financial Institution | 3,104 | $386,350,000 | $124,000 | $3,905,000 | $87,000 | $2,845,000 |
| File Closed For Incompleteness | 883 | $118,435,000 | $134,000 | $915,000 | $102,000 | $750,000 |
| Application Approved But Not Accepted | 525 | $82,655,000 | $157,000 | $945,000 | $114,000 | $754,000 |
| Preapproval Approved but not Accepted | 37 | $7,935,000 | $214,000 | $705,000 | $111,000 | $304,000 |
| Preapproval Denied by Financial Institution | 22 | $4,230,000 | $192,000 | $505,000 | $65,000 | $240,000 |
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 | 25,230 | $5,307,200,000 | $210,000 | $33,005,000 | $125,000 | $6,970,000 |
| Debt-To-Income Ratio | 2,430 | $573,970,000 | $236,000 | $33,305,000 | $103,000 | $2,845,000 |
| Credit History | 953 | $82,585,000 | $86,000 | $565,000 | $89,000 | $1,500,000 |
| Collateral | 345 | $45,105,000 | $130,000 | $665,000 | $115,000 | $1,555,000 |
| Other | 243 | $34,735,000 | $142,000 | $3,905,000 | $110,000 | $780,000 |
| Credit Application Incomplete | 206 | $33,220,000 | $161,000 | $945,000 | $91,000 | $388,000 |
| Unverifiable Information | 115 | $18,995,000 | $165,000 | $805,000 | $83,000 | $491,000 |
| Employment History | 74 | $12,950,000 | $175,000 | $435,000 | $64,000 | $254,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 64 | $13,260,000 | $207,000 | $695,000 | $93,000 | $324,000 |
| Mortgage Insurance Denied | 3 | $545,000 | $181,000 | $445,000 | $108,000 | $166,000 |
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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