Lucas County, IA Mortgage Lenders & HMDA Data, 2022
In 2022, lenders reported 389 mortgage applications in Lucas County, IA totaling $53.8 million, down 19% from 2021. The average application was for $138,000, and applicants reported an average income of $79,000. 60% of applications resulted in an originated loan and 20% were denied. The most active lender was Community 1st Credit Union, with 67 applications, followed by Midwest Heritage Bank FSB and First Interstate Bank.
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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 | 389 |
| Total Mortgage Loan Application Amount | $53,795,000 |
| Average Mortgage Loan Application Amount | $138,000 |
| Highest Mortgage Loan Application Amount | $2,535,000 |
| Average Applicant Income | $79,000 |
| Highest Applicant Income | $551,000 |
Top Mortgage Lenders in Lucas County, IA (2022)
Ranked by the number of mortgage applications each lender reported in Lucas County, IA in 2022.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Community 1st Credit Union Ottumwa, IA |
67 | $5,365,000 | $80,000 | $91,000 |
| 2 | Midwest Heritage Bank FSB West Des Moines, IA |
67 | $11,205,000 | $167,000 | $73,000 |
| 3 | First Interstate Bank Billings, MT |
21 | $1,945,000 | $92,000 | $57,000 |
| 4 | US Bank, N.A. Cincinnati, OH |
14 | $1,180,000 | $84,000 | $91,000 |
| 5 | Veridian Credit Union Waterloo, IA |
13 | $1,745,000 | $134,000 | $77,000 |
| 6 | Greenstate Credit Union North Liberty, IA |
12 | $2,020,000 | $168,000 | $81,000 |
| 7 | Mortgage Research Center Columbia, MO |
9 | $1,785,000 | $198,000 | $86,000 |
| 8 | Iowa Bankers Mortgage Corporation Johnston, IA |
9 | $1,805,000 | $200,000 | $88,000 |
| 9 | Wells Fargo Bank NA Minneapolis, MN |
8 | $1,030,000 | $128,000 | $85,000 |
| 10 | Peoples Savings Bank Indianola, IA |
6 | $1,900,000 | $316,000 | $101,000 |
The tables below break down 2022 mortgage applications in Lucas 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 Lucas County, IA in 2022
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 | 196 | $33,190,000 | $169,000 | $2,535,000 | $77,000 | $551,000 |
| Cash-out Refinancing | 85 | $9,675,000 | $113,000 | $665,000 | $84,000 | $537,000 |
| Refinancing | 62 | $7,520,000 | $121,000 | $585,000 | $75,000 | $310,000 |
| Home Improvement | 31 | $2,125,000 | $68,000 | $405,000 | $80,000 | $214,000 |
| Other Purpose | 15 | $1,285,000 | $85,000 | $405,000 | $88,000 | $193,000 |
| 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 | 337 | $43,995,000 | $130,000 | $665,000 | $79,000 | $551,000 |
| Not Provided | 23 | $3,265,000 | $141,000 | $425,000 | $77,000 | $177,000 |
| Not applicable | 17 | $4,865,000 | $286,000 | $2,535,000 | $17,000 | $17,000 |
| Hispanic | 9 | $1,335,000 | $148,000 | $495,000 | $89,000 | $145,000 |
| Asian | 2 | $180,000 | $90,000 | $105,000 | $98,000 | $175,000 |
| American Indian or Alaskan Native | 1 | $155,000 | $155,000 | $155,000 | $48,000 | $48,000 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 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) | 314 | $42,870,000 | $136,000 | $2,535,000 | $82,000 | $551,000 |
| FHA-insured (Federal Housing Administration) | 49 | $6,455,000 | $131,000 | $335,000 | $59,000 | $182,000 |
| VA-guaranteed (Veterans Administration) | 23 | $3,885,000 | $168,000 | $355,000 | $75,000 | $125,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 3 | $585,000 | $195,000 | $325,000 | $59,000 | $84,000 |
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 | 232 | $31,920,000 | $137,000 | $2,535,000 | $82,000 | $551,000 |
| Application Denied By Financial Institution | 77 | $9,545,000 | $123,000 | $505,000 | $61,000 | $148,000 |
| Application Withdrawn By Applicant | 50 | $8,570,000 | $171,000 | $505,000 | $89,000 | $214,000 |
| Loan Purchased By The Institution | 14 | $2,340,000 | $167,000 | $325,000 | $76,000 | $131,000 |
| File Closed For Incompleteness | 12 | $990,000 | $82,000 | $285,000 | $83,000 | $156,000 |
| Application Approved But Not Accepted | 2 | $170,000 | $85,000 | $115,000 | $47,000 | $52,000 |
| Preapproval Denied by Financial Institution | 2 | $260,000 | $130,000 | $135,000 | $65,000 | $86,000 |
| 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 | 296 | $41,470,000 | $140,000 | $2,535,000 | $81,000 | $537,000 |
| Debt-To-Income Ratio | 39 | $6,305,000 | $161,000 | $665,000 | $75,000 | $551,000 |
| Credit History | 29 | $2,745,000 | $94,000 | $325,000 | $68,000 | $148,000 |
| Collateral | 12 | $1,270,000 | $105,000 | $215,000 | $65,000 | $110,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 5 | $725,000 | $145,000 | $245,000 | $48,000 | $72,000 |
| Credit Application Incomplete | 4 | $820,000 | $205,000 | $505,000 | $95,000 | $141,000 |
| Other | 3 | $325,000 | $108,000 | $155,000 | $71,000 | $78,000 |
| Employment History | 1 | $135,000 | $135,000 | $135,000 | $32,000 | $32,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 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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