Lucas County, IA Mortgage Lenders & HMDA Data, 2024
In 2024, lenders reported 344 mortgage applications in Lucas County, IA totaling $46.2 million, up 11% from 2023. The average application was for $134,000, and applicants reported an average income of $82,000. 57% of applications resulted in an originated loan and 20% were denied. The most active lender was Community 1st Credit Union, with 77 applications, followed by Midwest Heritage Bank FSB and Peoples Savings 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 | 344 |
| Total Mortgage Loan Application Amount | $46,150,000 |
| Average Mortgage Loan Application Amount | $134,000 |
| Highest Mortgage Loan Application Amount | $2,265,000 |
| Average Applicant Income | $82,000 |
| Highest Applicant Income | $672,000 |
Top Mortgage Lenders in Lucas County, IA (2024)
Ranked by the number of mortgage applications each lender reported in Lucas County, IA in 2024.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Community 1st Credit Union Ottumwa, IA |
77 | $6,105,000 | $79,000 | $73,000 |
| 2 | Midwest Heritage Bank FSB West Des Moines, IA |
50 | $6,680,000 | $133,000 | $99,000 |
| 3 | Peoples Savings Bank Indianola, IA |
15 | $1,475,000 | $98,000 | $70,000 |
| 4 | Greenstate Credit Union North Liberty, IA |
15 | $2,955,000 | $197,000 | $112,000 |
| 5 | Iowa Bankers Mortgage Corporation Johnston, IA |
12 | $2,040,000 | $170,000 | $98,000 |
| 6 | West Gate Bank Lincoln, NE |
11 | $1,895,000 | $172,000 | $80,000 |
| 7 | First Interstate Bank Billings, MT |
11 | $1,675,000 | $152,000 | $64,000 |
| 8 | Mortgage Research Center Columbia, MO |
9 | $1,455,000 | $161,000 | $72,000 |
| 9 | Amerisave Mortgage Company Sandy Springs, GA |
8 | $1,350,000 | $168,000 | $90,000 |
| 10 | PennyMac Loan Services LLC Westlake Village, CA |
7 | $1,835,000 | $262,000 | $71,000 |
The tables below break down 2024 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 2024
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 | 156 | $27,290,000 | $174,000 | $2,265,000 | $82,000 | $224,000 |
| Refinancing | 95 | $9,815,000 | $103,000 | $545,000 | $89,000 | $672,000 |
| Cash-out Refinancing | 33 | $4,485,000 | $135,000 | $495,000 | $67,000 | $165,000 |
| Other Purpose | 31 | $1,865,000 | $60,000 | $175,000 | $77,000 | $234,000 |
| Home Improvement | 29 | $2,695,000 | $92,000 | $705,000 | $83,000 | $175,000 |
| 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 | 285 | $33,985,000 | $119,000 | $705,000 | $82,000 | $672,000 |
| Not Provided | 25 | $4,145,000 | $165,000 | $355,000 | $90,000 | $175,000 |
| Not applicable | 19 | $6,825,000 | $359,000 | $2,265,000 | $152,000 | $152,000 |
| Hispanic | 13 | $1,125,000 | $86,000 | $155,000 | $62,000 | $108,000 |
| American Indian or Alaskan Native | 1 | $35,000 | $35,000 | $35,000 | $58,000 | $58,000 |
| Black or African American | 1 | $35,000 | $35,000 | $35,000 | $47,000 | $47,000 |
| Asian | 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) | 274 | $34,690,000 | $126,000 | $2,265,000 | $85,000 | $672,000 |
| FHA-insured (Federal Housing Administration) | 42 | $6,070,000 | $144,000 | $435,000 | $70,000 | $175,000 |
| VA-guaranteed (Veterans Administration) | 23 | $4,705,000 | $204,000 | $495,000 | $72,000 | $155,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 5 | $685,000 | $137,000 | $175,000 | $78,000 | $94,000 |
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 | 197 | $26,745,000 | $135,000 | $2,265,000 | $84,000 | $672,000 |
| Application Denied By Financial Institution | 70 | $8,670,000 | $123,000 | $705,000 | $67,000 | $188,000 |
| Application Withdrawn By Applicant | 46 | $5,940,000 | $129,000 | $435,000 | $99,000 | $672,000 |
| Loan Purchased By The Institution | 14 | $3,380,000 | $241,000 | $545,000 | $131,000 | $152,000 |
| Application Approved But Not Accepted | 9 | $975,000 | $108,000 | $255,000 | $48,000 | $95,000 |
| File Closed For Incompleteness | 7 | $335,000 | $47,000 | $125,000 | $53,000 | $116,000 |
| Preapproval Approved but not Accepted | 1 | $105,000 | $105,000 | $105,000 | $111,000 | $111,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 257 | $35,495,000 | $138,000 | $2,265,000 | $86,000 | $672,000 |
| Debt-To-Income Ratio | 42 | $5,370,000 | $127,000 | $375,000 | $70,000 | $255,000 |
| Credit History | 22 | $1,920,000 | $87,000 | $265,000 | $73,000 | $188,000 |
| Collateral | 11 | $1,775,000 | $161,000 | $705,000 | $62,000 | $136,000 |
| Credit Application Incomplete | 8 | $1,130,000 | $141,000 | $355,000 | $71,000 | $130,000 |
| Other | 2 | $110,000 | $55,000 | $95,000 | $91,000 | $155,000 |
| Unverifiable Information | 1 | $195,000 | $195,000 | $195,000 | $60,000 | $60,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $155,000 | $155,000 | $155,000 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 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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