Iowa
Mortgage Loan Application
Totals and Details
in 2017

Find mortgage statistics for Iowa.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2017 in all of Iowa.
You can organize this information by metropolitan area and by county.

Years 2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 127,446
Total Mortgage Loan Application Amount $19,161,473,000
Average Mortgage Loan Application Amount $150,000
Highest Mortgage Loan Application Amount $73,200,000
Average Applicant Income $76,000
Highest Applicant Income $23,854,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Iowa, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Iowa in 2017

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 73,056 $11,742,244,000 $160,000 $31,000,000 $74,000 $23,854,000
Refinancing 43,748 $6,651,681,000 $152,000 $27,900,000 $78,000 $8,450,000
Home Improvement 10,642 $767,548,000 $72,000 $73,200,000 $80,000 $6,220,000

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 93,450 $13,061,916,000 $139,000 $21,739,000 $85,000 $23,854,000
Not applicable 15,466 $3,622,533,000 $234,000 $73,200,000 $14,000 $1,282,000
Not Provided 9,895 $1,394,800,000 $140,000 $7,525,000 $86,000 $7,485,000
Hispanic 4,103 $448,931,000 $109,000 $1,000,000 $61,000 $1,056,000
Asian 2,111 $339,005,000 $160,000 $1,040,000 $93,000 $8,450,000
Black or African American 1,918 $234,340,000 $122,000 $1,164,000 $65,000 $1,369,000
American Indian or Alaskan Native 370 $42,537,000 $114,000 $424,000 $64,000 $1,690,000
Native Hawaiin or Other Pacific Islander 133 $17,411,000 $130,000 $424,000 $77,000 $396,000

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) 99,201 $15,035,904,000 $151,000 $31,000,000 $84,000 $23,854,000
FHA-insured (Federal Housing Administration) 15,531 $2,096,565,000 $134,000 $73,200,000 $44,000 $1,239,000
VA-guaranteed (Veterans Administration) 8,778 $1,571,462,000 $179,000 $1,133,000 $59,000 $720,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,936 $457,542,000 $116,000 $1,399,000 $40,000 $2,059,000

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 79,977 $12,307,895,000 $153,000 $31,000,000 $85,000 $23,854,000
Loan Purchased By The Institution 16,064 $2,798,159,000 $174,000 $4,100,000 $39,000 $1,400,000
Application Denied By Financial Institution 14,160 $1,657,414,000 $117,000 $73,200,000 $62,000 $4,132,000
Application Withdrawn By Applicant 10,739 $1,505,301,000 $140,000 $9,200,000 $76,000 $2,804,000
Application Approved But Not Accepted 3,699 $534,285,000 $144,000 $25,500,000 $81,000 $2,140,000
File Closed For Incompleteness 2,807 $358,419,000 $127,000 $2,200,000 $71,000 $8,450,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 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
Credit History 2,945 $239,458,000 $81,000 $907,000 $64,000 $1,500,000
Debt-To-Income Ratio 2,233 $281,650,000 $126,000 $4,100,000 $51,000 $3,250,000
Collateral 1,476 $182,156,000 $123,000 $1,440,000 $74,000 $634,000
Credit Application Incomplete 1,367 $188,318,000 $137,000 $1,040,000 $75,000 $780,000
Other 787 $87,224,000 $110,000 $1,960,000 $67,000 $1,320,000
Unverifiable Information 230 $32,555,000 $141,000 $800,000 $85,000 $562,000
Employment History 221 $23,762,000 $107,000 $328,000 $50,000 $320,000
Insufficient Cash (Downpayment, Closing Cost) 202 $29,057,000 $143,000 $2,500,000 $56,000 $530,000
Mortgage Insurance Denied 7 $650,000 $92,000 $153,000 $62,000 $97,000
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Mortgage Loan Application Totals in 2017 by Iowa Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
AMES, IA 3,237 $ 633,066,000 $ 195,000 $ 88,000
CEDAR RAPIDS, IA 14,427 $ 1,994,027,000 $ 138,000 $ 68,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 8,574 $ 1,299,028,000 $ 151,000 $ 79,000
DES MOINES-WEST DES MOINES, IA 36,119 $ 6,681,440,000 $ 184,000 $ 83,000
DUBUQUE, IA 3,644 $ 551,540,000 $ 151,000 $ 72,000
IOWA CITY, IA 8,044 $ 1,494,452,000 $ 185,000 $ 88,000
SIOUX CITY, IA-NE-SD 4,541 $ 611,650,000 $ 134,000 $ 69,000
WATERLOO-CEDAR FALLS, IA 7,589 $ 898,270,000 $ 118,000 $ 72,000
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Mortgage Loan Application Totals in 2017 by Iowa County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adair 256 $ 35,264,000 $ 137,000 $ 63,000
Adams 95 $ 10,690,000 $ 112,000 $ 91,000
Allamakee 321 $ 41,183,000 $ 128,000 $ 69,000
Appanoose 303 $ 27,810,000 $ 91,000 $ 62,000
Audubon 99 $ 13,116,000 $ 132,000 $ 70,000
Benton 1,224 $ 168,587,000 $ 137,000 $ 70,000
Black Hawk 5,942 $ 693,786,000 $ 116,000 $ 71,000
Boone 1,178 $ 144,053,000 $ 122,000 $ 69,000
Bremer 1,099 $ 140,694,000 $ 128,000 $ 72,000
Buchanan 967 $ 102,609,000 $ 106,000 $ 67,000
Buena Vista 489 $ 52,148,000 $ 106,000 $ 66,000
Butler 543 $ 58,856,000 $ 108,000 $ 68,000
Calhoun 287 $ 29,002,000 $ 101,000 $ 79,000
Carroll 499 $ 56,607,000 $ 113,000 $ 72,000
Cass 384 $ 39,252,000 $ 102,000 $ 83,000
Cedar 844 $ 109,830,000 $ 130,000 $ 66,000
Cerro Gordo 888 $ 122,204,000 $ 137,000 $ 75,000
Cherokee 264 $ 28,645,000 $ 108,000 $ 71,000
Chickasaw 334 $ 41,257,000 $ 123,000 $ 68,000
Clarke 303 $ 35,034,000 $ 115,000 $ 59,000
Clay 420 $ 56,365,000 $ 134,000 $ 76,000
Clayton 571 $ 74,305,000 $ 130,000 $ 89,000
Clinton 1,322 $ 148,948,000 $ 112,000 $ 63,000
Crawford 507 $ 52,142,000 $ 102,000 $ 80,000
Dallas 5,835 $ 1,319,283,000 $ 226,000 $ 102,000
Davis 145 $ 14,563,000 $ 100,000 $ 71,000
Decatur 143 $ 14,540,000 $ 101,000 $ 62,000
Delaware 738 $ 104,763,000 $ 141,000 $ 90,000
Des Moines 1,172 $ 119,253,000 $ 101,000 $ 66,000
Dickinson 920 $ 218,706,000 $ 237,000 $ 139,000
Dubuque 3,645 $ 551,615,000 $ 151,000 $ 72,000
Emmet 219 $ 23,731,000 $ 108,000 $ 63,000
Fayette 540 $ 58,560,000 $ 108,000 $ 62,000
Floyd 188 $ 19,796,000 $ 105,000 $ 67,000
Franklin 129 $ 10,853,000 $ 84,000 $ 57,000
Fremont 240 $ 30,484,000 $ 127,000 $ 56,000
Greene 202 $ 17,034,000 $ 84,000 $ 58,000
Grundy 553 $ 64,094,000 $ 115,000 $ 73,000
Guthrie 501 $ 74,396,000 $ 148,000 $ 94,000
Hamilton 364 $ 39,526,000 $ 108,000 $ 68,000
Hancock 242 $ 22,674,000 $ 93,000 $ 55,000
Hardin 416 $ 37,623,000 $ 90,000 $ 60,000
Harrison 622 $ 71,026,000 $ 114,000 $ 69,000
Henry 503 $ 54,676,000 $ 108,000 $ 60,000
Howard 91 $ 13,192,000 $ 144,000 $ 74,000
Humboldt 267 $ 30,652,000 $ 114,000 $ 88,000
Ida 170 $ 17,805,000 $ 104,000 $ 149,000
Iowa 730 $ 90,029,000 $ 123,000 $ 65,000
Jackson 418 $ 50,503,000 $ 120,000 $ 70,000
Jasper 1,575 $ 190,963,000 $ 121,000 $ 61,000
Jefferson 433 $ 46,393,000 $ 107,000 $ 69,000
Johnson 7,066 $ 1,371,757,000 $ 194,000 $ 91,000
Jones 831 $ 105,233,000 $ 126,000 $ 72,000
Keokuk 229 $ 18,197,000 $ 79,000 $ 58,000
Kossuth 266 $ 28,155,000 $ 105,000 $ 64,000
Lee 507 $ 45,417,000 $ 89,000 $ 61,000
Linn 12,388 $ 1,720,902,000 $ 138,000 $ 68,000
Louisa 255 $ 22,913,000 $ 89,000 $ 53,000
Lucas 335 $ 31,758,000 $ 94,000 $ 54,000
Lyon 350 $ 54,333,000 $ 155,000 $ 71,000
Madison 928 $ 159,208,000 $ 171,000 $ 83,000
Mahaska 669 $ 75,197,000 $ 112,000 $ 67,000
Marion 1,111 $ 146,578,000 $ 131,000 $ 69,000
Marshall 1,033 $ 124,603,000 $ 120,000 $ 81,000
Mills 692 $ 121,022,000 $ 174,000 $ 76,000
Mitchell 89 $ 9,657,000 $ 108,000 $ 61,000
Monona 302 $ 32,737,000 $ 108,000 $ 109,000
Monroe 204 $ 23,193,000 $ 113,000 $ 64,000
Montgomery 299 $ 27,137,000 $ 90,000 $ 62,000
Muscatine 1,403 $ 173,884,000 $ 123,000 $ 66,000
O'Brien 315 $ 36,397,000 $ 115,000 $ 72,000
Osceola 112 $ 12,050,000 $ 107,000 $ 72,000
Page 347 $ 38,688,000 $ 111,000 $ 62,000
Palo Alto 176 $ 20,780,000 $ 118,000 $ 63,000
Plymouth 852 $ 126,637,000 $ 148,000 $ 77,000
Pocahontas 134 $ 11,194,000 $ 83,000 $ 56,000
Polk 25,854 $ 4,575,609,000 $ 176,000 $ 79,000
Pottawattamie 4,210 $ 570,721,000 $ 135,000 $ 66,000
Poweshiek 640 $ 87,014,000 $ 135,000 $ 77,000
Ringgold 147 $ 19,276,000 $ 131,000 $ 99,000
Sac 208 $ 20,141,000 $ 96,000 $ 98,000
Scott 8,580 $ 1,299,562,000 $ 151,000 $ 79,000
Shelby 353 $ 37,557,000 $ 106,000 $ 73,000
Sioux 940 $ 153,248,000 $ 163,000 $ 73,000
Story 3,237 $ 633,066,000 $ 195,000 $ 88,000
Tama 453 $ 45,875,000 $ 101,000 $ 59,000
Taylor 118 $ 10,757,000 $ 91,000 $ 50,000
Union 262 $ 26,425,000 $ 100,000 $ 63,000
Van Buren 103 $ 9,838,000 $ 95,000 $ 52,000
Wapello 932 $ 86,663,000 $ 92,000 $ 62,000
Warren 3,026 $ 554,228,000 $ 183,000 $ 81,000
Washington 1,008 $ 124,301,000 $ 123,000 $ 66,000
Wayne 118 $ 10,584,000 $ 89,000 $ 66,000
Webster 1,055 $ 109,844,000 $ 104,000 $ 59,000
Winnebago 230 $ 23,660,000 $ 102,000 $ 56,000
Winneshiek 323 $ 44,871,000 $ 138,000 $ 72,000
Woodbury 3,694 $ 485,432,000 $ 131,000 $ 68,000
Worth 154 $ 14,642,000 $ 95,000 $ 60,000
Wright 282 $ 23,939,000 $ 84,000 $ 59,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in IA.

If you prefer, you can download a copy of the entire list of mortgage lenders in Iowa, and search similar information back through 2003.

Download the Iowa Lender List