Iowa
Mortgage Loan Application
Totals and Details
in 2020

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 2003-2020 in all of Iowa.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 215,657
Total Mortgage Loan Application Amount $39,042,430,000
Average Mortgage Loan Application Amount $181,000
Highest Mortgage Loan Application Amount $56,115,000
Average Applicant Income $103,000
Highest Applicant Income $9,999,000

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 2020

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
Refinancing 86,689 $17,630,180,000 $203,000 $56,115,000 $113,000 $8,221,000
Home Purchase 77,221 $14,060,035,000 $182,000 $38,095,000 $89,000 $9,999,000
Cash-out Refinancing 32,377 $5,961,975,000 $184,000 $22,805,000 $110,000 $5,790,000
Home Improvement 8,783 $519,715,000 $59,000 $21,325,000 $105,000 $3,600,000
Other Purpose 8,105 $592,295,000 $73,000 $2,735,000 $107,000 $9,690,000
Not Applicable 2,482 $278,230,000 $112,000 $1,055,000 $68,000 $90,000

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 158,852 $26,923,920,000 $169,000 $4,705,000 $103,000 $9,999,000
Not applicable 24,551 $6,670,950,000 $271,000 $56,115,000 $108,000 $4,218,000
Not Provided 18,183 $3,209,605,000 $176,000 $5,965,000 $111,000 $9,690,000
Hispanic 6,308 $852,640,000 $135,000 $1,245,000 $75,000 $6,397,000
Asian 3,601 $722,945,000 $200,000 $1,355,000 $111,000 $1,917,000
Black or African American 3,025 $452,295,000 $149,000 $965,000 $75,000 $750,000
American Indian or Alaskan Native 519 $83,475,000 $160,000 $535,000 $87,000 $750,000
Native Hawaiian or Other Pacific Islander 93 $15,855,000 $170,000 $1,485,000 $91,000 $280,000

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) 181,720 $33,073,455,000 $182,000 $56,115,000 $108,000 $9,999,000
FHA-insured (Federal Housing Administration) 16,304 $2,476,640,000 $151,000 $9,775,000 $61,000 $600,000
VA-guaranteed (Veterans Administration) 13,737 $2,988,715,000 $217,000 $1,085,000 $77,000 $897,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,896 $503,620,000 $129,000 $515,000 $51,000 $648,000

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 139,213 $25,874,900,000 $185,000 $56,115,000 $106,000 $8,221,000
Loan Purchased By The Institution 26,197 $5,323,525,000 $203,000 $1,655,000 $107,000 $4,218,000
Application Withdrawn By Applicant 21,805 $3,758,645,000 $172,000 $24,725,000 $104,000 $9,999,000
Application Denied By Financial Institution 17,536 $2,369,360,000 $135,000 $10,005,000 $77,000 $9,690,000
File Closed For Incompleteness 6,319 $951,445,000 $150,000 $1,065,000 $98,000 $6,397,000
Application Approved But Not Accepted 4,461 $744,405,000 $166,000 $16,005,000 $99,000 $1,915,000
Preapproval Approved but not Accepted 96 $16,550,000 $172,000 $395,000 $80,000 $309,000
Preapproval Denied by Financial Institution 30 $3,600,000 $120,000 $315,000 $61,000 $230,000

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 186,439 $34,396,645,000 $184,000 $56,115,000 $105,000 $8,221,000
Debt-To-Income Ratio 16,658 $2,984,575,000 $179,000 $22,305,000 $95,000 $9,999,000
Credit History 5,111 $523,575,000 $102,000 $1,485,000 $76,000 $9,690,000
Credit Application Incomplete 2,754 $466,890,000 $169,000 $1,235,000 $104,000 $4,897,000
Collateral 1,852 $263,880,000 $142,000 $4,555,000 $90,000 $1,822,000
Other 1,673 $233,195,000 $139,000 $10,005,000 $86,000 $3,680,000
Unverifiable Information 479 $75,545,000 $157,000 $1,605,000 $89,000 $806,000
Employment History 368 $50,720,000 $137,000 $605,000 $52,000 $216,000
Insufficient Cash (Downpayment, Closing Cost) 310 $45,470,000 $146,000 $1,015,000 $74,000 $1,552,000
Mortgage Insurance Denied 13 $1,935,000 $148,000 $365,000 $95,000 $221,000
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Mortgage Loan Application Totals in 2020 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 7,211 $ 1,393,165,000 $ 193,000 $ 104,000
CEDAR RAPIDS, IA 24,154 $ 3,899,470,000 $ 161,000 $ 98,000
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 14,833 $ 2,847,105,000 $ 191,000 $ 111,000
DES MOINES-WEST DES MOINES, IA 69,316 $ 14,818,095,000 $ 213,000 $ 115,000
DUBUQUE, IA 7,485 $ 1,271,545,000 $ 169,000 $ 95,000
IOWA CITY, IA 15,619 $ 3,302,555,000 $ 211,000 $ 126,000
SIOUX CITY, IA-NE-SD 5,106 $ 797,590,000 $ 156,000 $ 88,000
WATERLOO-CEDAR FALLS, IA 12,685 $ 1,979,195,000 $ 156,000 $ 91,000
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Mortgage Loan Application Totals in 2020 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 206 $ 28,270,000 $ 137,000 $ 75,000
Adams 91 $ 12,355,000 $ 135,000 $ 81,000
Allamakee 401 $ 49,245,000 $ 122,000 $ 77,000
Appanoose 421 $ 56,755,000 $ 134,000 $ 90,000
Audubon 132 $ 17,560,000 $ 133,000 $ 78,000
Benton 1,806 $ 257,520,000 $ 142,000 $ 86,000
Black Hawk 9,782 $ 1,540,480,000 $ 157,000 $ 90,000
Boone 1,881 $ 304,535,000 $ 161,000 $ 95,000
Bremer 1,914 $ 299,060,000 $ 156,000 $ 95,000
Buchanan 1,350 $ 173,270,000 $ 128,000 $ 82,000
Buena Vista 640 $ 93,730,000 $ 146,000 $ 83,000
Butler 943 $ 121,035,000 $ 128,000 $ 84,000
Calhoun 310 $ 36,850,000 $ 118,000 $ 85,000
Carroll 603 $ 79,135,000 $ 131,000 $ 76,000
Cass 372 $ 45,910,000 $ 123,000 $ 76,000
Cedar 1,444 $ 216,230,000 $ 149,000 $ 85,000
Cerro Gordo 1,367 $ 231,845,000 $ 169,000 $ 104,000
Cherokee 397 $ 51,145,000 $ 128,000 $ 86,000
Chickasaw 469 $ 59,035,000 $ 125,000 $ 85,000
Clarke 422 $ 56,830,000 $ 134,000 $ 78,000
Clay 823 $ 111,905,000 $ 135,000 $ 80,000
Clayton 832 $ 105,300,000 $ 126,000 $ 88,000
Clinton 2,049 $ 282,025,000 $ 137,000 $ 79,000
Crawford 508 $ 58,710,000 $ 115,000 $ 80,000
Dallas 13,156 $ 3,399,570,000 $ 258,000 $ 137,000
Davis 232 $ 30,940,000 $ 133,000 $ 95,000
Decatur 282 $ 32,990,000 $ 116,000 $ 78,000
Delaware 1,394 $ 214,150,000 $ 153,000 $ 95,000
Des Moines 1,449 $ 195,575,000 $ 134,000 $ 80,000
Dickinson 2,223 $ 576,385,000 $ 259,000 $ 183,000
Dubuque 7,485 $ 1,271,545,000 $ 169,000 $ 95,000
Emmet 323 $ 38,465,000 $ 119,000 $ 72,000
Fayette 791 $ 85,245,000 $ 107,000 $ 76,000
Floyd 296 $ 39,370,000 $ 133,000 $ 78,000
Franklin 178 $ 19,800,000 $ 111,000 $ 68,000
Fremont 309 $ 45,125,000 $ 146,000 $ 79,000
Greene 287 $ 30,155,000 $ 105,000 $ 74,000
Grundy 986 $ 139,410,000 $ 141,000 $ 89,000
Guthrie 703 $ 152,705,000 $ 217,000 $ 148,000
Hamilton 563 $ 73,595,000 $ 130,000 $ 76,000
Hancock 271 $ 39,075,000 $ 144,000 $ 76,000
Hardin 596 $ 65,840,000 $ 110,000 $ 72,000
Harrison 759 $ 121,885,000 $ 160,000 $ 91,000
Henry 663 $ 89,635,000 $ 135,000 $ 77,000
Howard 103 $ 11,175,000 $ 108,000 $ 69,000
Humboldt 500 $ 67,210,000 $ 134,000 $ 92,000
Ida 177 $ 20,465,000 $ 115,000 $ 80,000
Iowa 1,217 $ 183,375,000 $ 150,000 $ 93,000
Jackson 683 $ 97,105,000 $ 142,000 $ 86,000
Jasper 2,392 $ 357,700,000 $ 149,000 $ 85,000
Jefferson 609 $ 79,515,000 $ 130,000 $ 76,000
Johnson 13,936 $ 3,050,460,000 $ 218,000 $ 130,000
Jones 1,366 $ 216,300,000 $ 158,000 $ 92,000
Keokuk 295 $ 29,585,000 $ 100,000 $ 68,000
Kossuth 553 $ 74,685,000 $ 135,000 $ 88,000
Lee 610 $ 74,350,000 $ 121,000 $ 81,000
Linn 20,980 $ 3,425,250,000 $ 163,000 $ 99,000
Louisa 353 $ 41,775,000 $ 118,000 $ 73,000
Lucas 470 $ 55,390,000 $ 117,000 $ 76,000
Lyon 644 $ 99,930,000 $ 155,000 $ 80,000
Madison 1,511 $ 319,665,000 $ 211,000 $ 108,000
Mahaska 1,061 $ 135,025,000 $ 127,000 $ 86,000
Marion 2,065 $ 344,935,000 $ 167,000 $ 94,000
Marshall 1,427 $ 189,135,000 $ 132,000 $ 76,000
Mills 1,179 $ 242,905,000 $ 206,000 $ 100,000
Mitchell 137 $ 19,895,000 $ 145,000 $ 80,000
Monona 291 $ 35,035,000 $ 120,000 $ 81,000
Monroe 241 $ 30,715,000 $ 127,000 $ 81,000
Montgomery 365 $ 40,455,000 $ 110,000 $ 72,000
Muscatine 2,064 $ 306,410,000 $ 148,000 $ 89,000
O'Brien 499 $ 67,215,000 $ 134,000 $ 80,000
Osceola 187 $ 22,385,000 $ 119,000 $ 82,000
Page 596 $ 76,720,000 $ 128,000 $ 81,000
Palo Alto 302 $ 37,800,000 $ 125,000 $ 82,000
Plymouth 1,342 $ 238,500,000 $ 177,000 $ 97,000
Pocahontas 191 $ 19,405,000 $ 101,000 $ 77,000
Polk 46,105 $ 9,441,490,000 $ 204,000 $ 110,000
Pottawattamie 6,606 $ 1,131,830,000 $ 171,000 $ 88,000
Poweshiek 1,242 $ 179,380,000 $ 144,000 $ 100,000
Ringgold 242 $ 49,190,000 $ 203,000 $ 162,000
Sac 248 $ 30,930,000 $ 124,000 $ 89,000
Scott 14,833 $ 2,847,105,000 $ 191,000 $ 111,000
Shelby 458 $ 63,120,000 $ 137,000 $ 84,000
Sioux 2,206 $ 377,410,000 $ 171,000 $ 96,000
Story 5,330 $ 1,088,630,000 $ 204,000 $ 107,000
Tama 669 $ 80,255,000 $ 119,000 $ 81,000
Taylor 165 $ 18,755,000 $ 113,000 $ 70,000
Union 411 $ 55,715,000 $ 135,000 $ 86,000
Van Buren 121 $ 15,385,000 $ 127,000 $ 74,000
Wapello 1,098 $ 116,940,000 $ 106,000 $ 82,000
Warren 5,449 $ 1,146,965,000 $ 210,000 $ 107,000
Washington 1,686 $ 252,520,000 $ 149,000 $ 86,000
Wayne 210 $ 23,750,000 $ 113,000 $ 73,000
Webster 1,701 $ 196,645,000 $ 115,000 $ 90,000
Winnebago 316 $ 36,460,000 $ 115,000 $ 73,000
Winneshiek 479 $ 73,365,000 $ 153,000 $ 91,000
Woodbury 5,106 $ 797,590,000 $ 156,000 $ 88,000
Worth 196 $ 22,820,000 $ 116,000 $ 73,000
Wright 325 $ 35,515,000 $ 109,000 $ 79,000

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