Iowa
Mortgage Loan Application
Totals and Details
in 2018

Find mortgage statistics and mortgage data for Iowa.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2018 in all of Iowa.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 133,087
Total Mortgage Loan Application Amount $18,745,295,000
Average Mortgage Loan Application Amount $140,000
Highest Mortgage Loan Application Amount $50,845,000
Average Applicant Income $89,000
Highest Applicant Income $8,891,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Iowa, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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 2018

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 72,080 $11,741,990,000 $162,000 $50,845,000 $87,000 $8,891,000
Refinancing 22,068 $3,204,130,000 $145,000 $29,505,000 $93,000 $4,988,000
Cash-out Refinancing 17,728 $2,553,180,000 $144,000 $3,895,000 $82,000 $2,482,000
Home Improvement 9,899 $477,645,000 $48,000 $4,805,000 $94,000 $5,483,000
Other Purpose 9,076 $532,860,000 $58,000 $1,315,000 $95,000 $3,380,000
Not Applicable 2,236 $235,490,000 $105,000 $1,135,000 $91,000 $1,140,000

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 98,118 $12,800,800,000 $130,000 $7,055,000 $89,000 $8,891,000
Not applicable 14,319 $3,459,855,000 $241,000 $50,845,000 $88,000 $638,000
Not Provided 11,581 $1,341,895,000 $115,000 $1,995,000 $94,000 $3,573,000
Hispanic 3,942 $438,320,000 $111,000 $1,355,000 $69,000 $3,468,000
Asian 2,374 $363,110,000 $152,000 $1,865,000 $96,000 $1,900,000
Black or African American 2,140 $258,120,000 $120,000 $735,000 $72,000 $3,174,000
American Indian or Alaskan Native 333 $39,965,000 $120,000 $445,000 $74,000 $460,000
Native Hawaiian or Other Pacific Islander 74 $9,220,000 $124,000 $455,000 $79,000 $356,000

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) 108,586 $15,108,990,000 $139,000 $50,845,000 $94,000 $8,891,000
FHA-insured (Federal Housing Administration) 13,365 $1,812,805,000 $135,000 $29,505,000 $59,000 $1,548,000
VA-guaranteed (Veterans Administration) 7,598 $1,425,470,000 $187,000 $2,655,000 $75,000 $790,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,538 $398,030,000 $112,000 $475,000 $47,000 $122,000

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 86,012 $12,248,470,000 $142,000 $50,845,000 $92,000 $8,891,000
Application Denied By Financial Institution 14,587 $1,520,505,000 $104,000 $8,645,000 $65,000 $2,857,000
Loan Purchased By The Institution 14,486 $2,512,850,000 $173,000 $1,145,000 $89,000 $900,000
Application Withdrawn By Applicant 12,898 $1,763,270,000 $136,000 $14,255,000 $93,000 $8,891,000
File Closed For Incompleteness 2,548 $339,380,000 $133,000 $7,155,000 $87,000 $5,615,000
Application Approved But Not Accepted 2,421 $340,605,000 $140,000 $25,205,000 $88,000 $3,174,000
Preapproval Approved but not Accepted 93 $13,535,000 $145,000 $415,000 $74,000 $264,000
Preapproval Denied by Financial Institution 42 $6,680,000 $159,000 $425,000 $67,000 $197,000

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 111,007 $16,143,615,000 $145,000 $50,845,000 $92,000 $8,891,000
Debt-To-Income Ratio 11,654 $1,551,410,000 $133,000 $22,505,000 $78,000 $4,988,000
Credit History 4,637 $362,985,000 $78,000 $2,655,000 $67,000 $2,580,000
Collateral 2,062 $223,950,000 $108,000 $2,025,000 $76,000 $1,753,000
Credit Application Incomplete 1,556 $212,490,000 $136,000 $1,155,000 $77,000 $2,769,000
Other 1,290 $145,060,000 $112,000 $4,335,000 $69,000 $864,000
Unverifiable Information 326 $40,660,000 $124,000 $805,000 $79,000 $1,133,000
Insufficient Cash (Downpayment, Closing Cost) 292 $37,820,000 $129,000 $905,000 $65,000 $725,000
Employment History 244 $24,970,000 $102,000 $425,000 $49,000 $229,000
Mortgage Insurance Denied 19 $2,335,000 $122,000 $365,000 $46,000 $177,000
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Mortgage Loan Application Totals in 2018 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 2,957 $ 540,435,000 $ 182,000 $ 96,000
CEDAR RAPIDS, IA 16,357 $ 2,058,755,000 $ 125,000 $ 87,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 8,622 $ 1,332,700,000 $ 154,000 $ 94,000
DES MOINES-WEST DES MOINES, IA 36,696 $ 6,419,840,000 $ 174,000 $ 99,000
DUBUQUE, IA 4,004 $ 524,110,000 $ 130,000 $ 82,000
IOWA CITY, IA 9,935 $ 1,648,235,000 $ 165,000 $ 110,000
SIOUX CITY, IA-NE-SD 4,431 $ 590,625,000 $ 133,000 $ 78,000
WATERLOO-CEDAR FALLS, IA 8,711 $ 952,235,000 $ 109,000 $ 79,000
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Mortgage Loan Application Totals in 2018 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 223 $ 23,345,000 $ 104,000 $ 66,000
Adams 75 $ 7,995,000 $ 106,000 $ 62,000
Allamakee 312 $ 31,830,000 $ 102,000 $ 70,000
Appanoose 319 $ 32,765,000 $ 102,000 $ 75,000
Audubon 120 $ 10,360,000 $ 86,000 $ 69,000
Benton 1,356 $ 152,150,000 $ 112,000 $ 78,000
Black Hawk 6,854 $ 745,910,000 $ 108,000 $ 79,000
Boone 1,277 $ 161,635,000 $ 126,000 $ 76,000
Bremer 1,248 $ 142,620,000 $ 114,000 $ 81,000
Buchanan 934 $ 83,650,000 $ 89,000 $ 77,000
Buena Vista 453 $ 49,915,000 $ 110,000 $ 71,000
Butler 627 $ 55,975,000 $ 89,000 $ 68,000
Calhoun 236 $ 23,350,000 $ 98,000 $ 79,000
Carroll 496 $ 59,310,000 $ 119,000 $ 116,000
Cass 310 $ 32,550,000 $ 105,000 $ 66,000
Cedar 979 $ 108,675,000 $ 111,000 $ 80,000
Cerro Gordo 886 $ 125,880,000 $ 142,000 $ 130,000
Cherokee 222 $ 21,500,000 $ 96,000 $ 66,000
Chickasaw 279 $ 27,205,000 $ 97,000 $ 74,000
Clarke 302 $ 32,920,000 $ 109,000 $ 71,000
Clay 557 $ 63,335,000 $ 113,000 $ 70,000
Clayton 538 $ 55,120,000 $ 102,000 $ 79,000
Clinton 1,299 $ 142,905,000 $ 110,000 $ 70,000
Crawford 349 $ 32,695,000 $ 93,000 $ 65,000
Dallas 5,948 $ 1,339,230,000 $ 225,000 $ 122,000
Davis 156 $ 19,260,000 $ 123,000 $ 87,000
Decatur 180 $ 15,360,000 $ 85,000 $ 72,000
Delaware 714 $ 79,570,000 $ 111,000 $ 82,000
Des Moines 1,153 $ 114,935,000 $ 99,000 $ 74,000
Dickinson 1,093 $ 234,145,000 $ 214,000 $ 155,000
Dubuque 4,006 $ 524,180,000 $ 130,000 $ 82,000
Emmet 193 $ 23,405,000 $ 121,000 $ 64,000
Fayette 670 $ 56,590,000 $ 84,000 $ 65,000
Floyd 219 $ 22,175,000 $ 101,000 $ 72,000
Franklin 137 $ 11,755,000 $ 85,000 $ 64,000
Fremont 237 $ 27,365,000 $ 115,000 $ 67,000
Greene 227 $ 17,945,000 $ 79,000 $ 66,000
Grundy 614 $ 63,950,000 $ 104,000 $ 78,000
Guthrie 517 $ 76,195,000 $ 147,000 $ 109,000
Hamilton 347 $ 34,995,000 $ 100,000 $ 68,000
Hancock 242 $ 21,590,000 $ 89,000 $ 62,000
Hardin 504 $ 43,330,000 $ 85,000 $ 80,000
Harrison 544 $ 63,580,000 $ 116,000 $ 76,000
Henry 480 $ 55,810,000 $ 116,000 $ 63,000
Howard 86 $ 8,750,000 $ 101,000 $ 61,000
Humboldt 306 $ 31,800,000 $ 103,000 $ 81,000
Ida 132 $ 12,830,000 $ 97,000 $ 62,000
Iowa 759 $ 89,305,000 $ 117,000 $ 83,000
Jackson 513 $ 55,045,000 $ 107,000 $ 69,000
Jasper 1,586 $ 192,240,000 $ 121,000 $ 74,000
Jefferson 496 $ 54,480,000 $ 109,000 $ 67,000
Johnson 8,727 $ 1,511,015,000 $ 173,000 $ 114,000
Jones 794 $ 89,000,000 $ 112,000 $ 79,000
Keokuk 274 $ 20,810,000 $ 75,000 $ 62,000
Kossuth 373 $ 43,695,000 $ 117,000 $ 72,000
Lee 516 $ 46,920,000 $ 90,000 $ 71,000
Linn 14,226 $ 1,829,510,000 $ 128,000 $ 88,000
Louisa 320 $ 31,650,000 $ 98,000 $ 68,000
Lucas 331 $ 28,485,000 $ 86,000 $ 65,000
Lyon 394 $ 43,910,000 $ 111,000 $ 69,000
Madison 1,022 $ 176,520,000 $ 172,000 $ 88,000
Mahaska 723 $ 74,165,000 $ 102,000 $ 75,000
Marion 1,099 $ 143,845,000 $ 130,000 $ 81,000
Marshall 1,012 $ 99,270,000 $ 98,000 $ 65,000
Mills 679 $ 111,955,000 $ 164,000 $ 95,000
Mitchell 95 $ 10,795,000 $ 113,000 $ 67,000
Monona 259 $ 24,595,000 $ 94,000 $ 70,000
Monroe 191 $ 18,235,000 $ 95,000 $ 70,000
Montgomery 327 $ 25,665,000 $ 78,000 $ 70,000
Muscatine 1,328 $ 155,360,000 $ 116,000 $ 76,000
O'Brien 268 $ 28,260,000 $ 105,000 $ 64,000
Osceola 136 $ 14,060,000 $ 103,000 $ 62,000
Page 335 $ 36,315,000 $ 108,000 $ 68,000
Palo Alto 219 $ 20,505,000 $ 93,000 $ 69,000
Plymouth 902 $ 122,030,000 $ 135,000 $ 87,000
Pocahontas 127 $ 9,155,000 $ 72,000 $ 64,000
Polk 26,346 $ 4,347,140,000 $ 165,000 $ 94,000
Pottawattamie 3,895 $ 506,905,000 $ 130,000 $ 80,000
Poweshiek 837 $ 93,305,000 $ 111,000 $ 90,000
Ringgold 183 $ 24,465,000 $ 133,000 $ 112,000
Sac 181 $ 15,405,000 $ 85,000 $ 70,000
Scott 8,625 $ 1,332,755,000 $ 154,000 $ 94,000
Shelby 316 $ 37,090,000 $ 117,000 $ 69,000
Sioux 886 $ 119,920,000 $ 135,000 $ 73,000
Story 2,968 $ 540,820,000 $ 182,000 $ 96,000
Tama 536 $ 49,840,000 $ 92,000 $ 68,000
Taylor 143 $ 12,935,000 $ 90,000 $ 62,000
Union 264 $ 28,610,000 $ 108,000 $ 109,000
Van Buren 89 $ 8,485,000 $ 95,000 $ 64,000
Wapello 896 $ 78,710,000 $ 87,000 $ 77,000
Warren 2,906 $ 487,720,000 $ 167,000 $ 99,000
Washington 1,238 $ 138,660,000 $ 112,000 $ 75,000
Wayne 131 $ 10,485,000 $ 80,000 $ 66,000
Webster 1,195 $ 119,335,000 $ 99,000 $ 75,000
Winnebago 222 $ 20,880,000 $ 94,000 $ 63,000
Winneshiek 322 $ 38,300,000 $ 118,000 $ 76,000
Woodbury 3,533 $ 469,205,000 $ 132,000 $ 76,000
Worth 137 $ 13,825,000 $ 100,000 $ 65,000
Wright 251 $ 21,365,000 $ 85,000 $ 77,000

We hope these mortgage application details and statistics 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 Iowa.

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