Madison County, IA Mortgage Lenders & HMDA Data, 2023

In 2023, lenders reported 675 mortgage applications in Madison County, IA totaling $127.8 million, down 23% from 2022. The average application was for $189,000, and applicants reported an average income of $113,000. 62% of applications resulted in an originated loan and 13% were denied. The most active lender was Greenstate Credit Union, with 66 applications, followed by Farmers & Merchants State Bank and Veridian Credit Union.

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Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed about local mortgage trends and lending activity.

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 675
Total Mortgage Loan Application Amount $127,825,000
Average Mortgage Loan Application Amount $189,000
Highest Mortgage Loan Application Amount $3,435,000
Average Applicant Income $113,000
Highest Applicant Income $1,080,000

Mortgage Company List for Lending in Madison County, IA for 2023

* Phone Numbers for Mortgage Lenders are available with a Data Download Report
Mortgage Lender Phone Number Mortgage Lender Assets Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications
Greenstate Credit Union
2355 LANDON RD
NORTH LIBERTY, IA 52317
* $ 11,283,366,000 66 $ 9,890,000
Farmers & Merchants State Bank
101 W JEFFERSON STREET
WINTERSET, IA 50273
* $ 226,374,000 43 $ 7,375,000
Veridian Credit Union
1827 ANSBOROUGH AVE
WATERLOO, IA 50701
* $ 6,896,511,000 37 $ 6,905,000
American State Bank
1000 JEFFREYS DR
OSCEOLA, IA 50213
* $ 296,189,000 30 $ 3,470,000
Union State Bank
611 W HWY 92
WINTERSET, IA 50273
* $ 129,106,000 28 $ 4,380,000
Community Choice Credit Union
1351 NW 114TH ST, P.O. BOX 71247
JOHNSTON, IA 50131
* $ 797,643,000 26 $ 3,180,000
Premier Credit Union
800 9TH ST
DES MOINES, IA 50309
* $ 287,084,000 22 $ 2,710,000
Earlham Savings Bank
7300 LAKE DRIVE
WEST DES MOINES, IA 50266
* $ 377,481,000 20 $ 6,870,000
PennyMac Loan Services LLC
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE, CA 91361
* $ -1,000 16 $ 3,030,000
Homeservices Lending LLC
2900 100TH STREET SUITE 109
URBANDALE, IA 50322
* $ -1,000 15 $ 2,515,000
Barrington Bank & Trust Company, N.A.
201 SOUTH HOUGH STREET
BARRINGTON, IL 60010
* $ 3,765,608,000 14 $ 3,600,000
21st Mortgage
620 MARKET ST SUITE 100
KNOXVILLE, TN 37902
* $ -1,000 13 $ 565,000
Newrez LLC

FORT WASHINGTON, PA 19034
* $ -1,000 12 $ 2,580,000
Marine Credit Union
811 MONITOR STREET
LA CROSSE, WI 54601
* $ 1,034,078,000 11 $ 1,105,000
Amerihome Mortgage Company, LLC
1 BAXTER WAY SUITE 300
THOUSAND OAKS, CA 91362
* $ -1,000 11 $ 2,365,000
Iowa Bankers Mortgage Corporation
8800 NW 62ND AVE
JOHNSTON, IA 50131
* $ -1,000 11 $ 2,315,000
Ixonia Bank
W1046 MARIETTA AVE
IXONIA, WI 53036
* $ 607,423,000 10 $ 1,910,000
United Wholesale Mortgage
40600 ANN ARBOR RD E STE 201
PLYMOUTH, MI 48170
* $ -1,000 8 $ 2,730,000
Truist Bank
3100 SMOKETREE CT FL 5
RALEIGH, NC 27604
* $ 546,228,000,000 8 $ 2,610,000
Collins Community Credit Union
1150 42ND STREET NE
CEDAR RAPIDS, IA 52402
* $ 1,649,497,000 8 $ 950,000
Luana Savings Bank
100 HARVEST DRIVE
LUANA, IA 52156
* $ 2,036,937,000 7 $ 1,395,000
Mortgage Research Center
1400 VETERANS UNITED DR.
COLUMBIA, MO 65203
* $ -1,000 7 $ 2,295,000
Fortress Bank
9000 N. KNOXVILLE AVENUE
PEORIA, IL 61615
* $ 619,628,000 7 $ 1,885,000
Bank Iowa
1150 JORDAN CREEK PARKWAY
WEST DES MOINES, IA 50266
* $ 1,918,861,000 7 $ 785,000
Wells Fargo Bank NA

MINNEAPOLIS, MN 55415
* $ 1,717,531,000,000 7 $ 2,075,000
Planet Home Lending, LLC
321 RESEARCH PARKWAY SUITE 303
MERIDEN, CT 06450
* $ -1,000 6 $ 1,910,000
Community 1st Credit Union
1030 SIERRA DR NE
OTTUMWA, IA 52501
* $ 939,053,000 6 $ 300,000
American Pacific Mortgage Corporation
3000 LAVA RIDGE COURT, SUITE 200
ROSEVILLE, CA 95661
* $ -1,000 6 $ 1,090,000
Northwest Bank
705 GRAND AVE.
SPENCER, IA 51301
* $ 2,471,026,000 6 $ 1,530,000
Freedom Mortgage Corporation
951 YAMATO ROAD SUITE 175
BOCA RATON, FL 33431
* $ -1,000 5 $ 1,135,000
New Day Financial, Llc.
360 SOUTH ROSEMARY AVENUE SUITE 1900
WEST PALM BEACH, FL 33401
* $ -1,000 5 $ 1,605,000
Nationstar Mortgage
8950 CYPRESS WATERS BLVD.
COPPELL, TX 75019
* $ -1,000 5 $ 1,125,000
Coastal Community Bank
PO BOX 12220
EVERETT, WA 98203
* $ 3,141,703,000 5 $ 195,000
Lincoln Savings Bank
301 WASHINGTON ST
REINBECK, IA 50669
* $ 1,845,506,000 5 $ 1,095,000
Fidelity Bank
302 MAIN ST
SAVANNA, IL 61074
* $ 109,549,000 4 $ 1,020,000
Fairway Independent Mort Corp
4801 S. BILTMORE LANE
MADISON, WI 53718
* $ -1,000 4 $ 1,730,000
Flagstar Bank NA

TROY, MI 49098
* $ 90,036,656,000 4 $ 720,000
Bankers Trust Company
453 7TH ST.
DES MOINES, IA 50309
* $ 6,104,235,000 4 $ 270,000
Guild Mortgage Company
5898 COPLEY DRIVE
SAN DIEGO, CA 92111
* $ -1,000 4 $ 1,420,000
City State Bank
801 MAIN STREET
NORWALK, IA 50211
* $ 681,375,000 4 $ 400,000
CMG Mortgage Inc
3160 CROW CANYON ROAD, SUITE 400
SAN RAMON, IL 94583
* $ -1,000 4 $ 950,000
Navy Federal Credit Union
820 FOLLIN LANE
VIENNA, VA 22180
* $ 156,645,099,000 4 $ 290,000
Empeople Credit Union
3950 38TH AVENUE
MOLINE, IL 61265
* $ 1,991,835,000 4 $ 640,000
New American Funding, Llc.
14511 MYFORD ROAD, SUITE 100
TUSTIN, CA 92780
* $ -1,000 4 $ 710,000
Farm Credit Mid-America, Aca
1601 UPS DRIVE
LOUISVILLE, KY 40299
* $ -1,000 3 $ 1,435,000
First Interstate Bank
PO BOX 30918
BILLINGS, MT 59101
* $ 32,216,733,000 3 $ 835,000
Bankers' Bank
7700 MINERAL POINT ROAD
MADISON, WI 53717
* $ 1,382,388,000 3 $ 305,000
US Bank, N.A.
425 WALNUT STREET
CINCINNATI, OH 45202
* $ 585,135,605,000 3 $ 955,000
The Central Trust Bank
238 MADISON ST.
JEFFERSON CITY, MO 65101
* $ 19,309,880,000 3 $ 655,000
Lower, LLC
5950 SYMPHONY WOODS DRIVE
COLUMBIA, MD 21044
* $ -1,000 3 $ 585,000
Amerisave Mortgage Company
1200 ALTMORE AVENUE BUILDING 2 SUITE 300
SANDY SPRINGS, GA 30342
* $ -1,000 3 $ 955,000
Guaranteed Rate, Inc.
3940 NORTH RAVENSWOOD AVE
CHICAGO, IL 60613
* $ -1,000 3 $ 1,005,000
Regions Bank
1900 5TH AVENUE N
BIRMINGHAM, AL 35203
* $ 154,203,000,000 3 $ 995,000
Community State Bank
817 N ANKENY BLVD
ANKENY, IA 50023
* $ 1,277,978,000 3 $ 295,000
Dupaco Community Credit Union
PO BOX 179
DUBUQUE, IA 52004
* $ 3,010,410,000 3 $ 225,000
Cardinal Financial Company, Li
3530 TORINGDON WAY STE 200
CHARLOTTE, NC 28277
* $ -1,000 3 $ 655,000
Land Home Financial Services,
1355 WILLOW WAY, SUITE 250
CONCORD, CA 94520
* $ -1,000 3 $ 645,000
Crosscountry Mortgage, LLC
2160 SUPERIOR AVENUE
CLEVELAND, OH 44114
* $ -1,000 3 $ 475,000
Central Bank
600 LAKE AVENUE
STORM LAKE, IA 50588
* $ 1,964,850,000 3 $ 745,000
Figure Lending LLC

SAN FRANCISCO, CA 94108
* $ -1,000 3 $ 75,000
Village Capital & Investment
2460 PASEO VERDE PKWY SUITE 100
HENDERSON, NV 89074
* $ -1,000 3 $ 535,000
Bank of America NA
31303 AGOURA RD CA6-917-01-20
WESTLAKE VILLAGE, CA 91361
* $ 2,418,508,000,000 3 $ 285,000
Raccoon Valley Bank
1202 SECOND
PERRY, IA 50220
* $ 415,176,000 3 $ 575,000
USAA Federal Savings Bank
10750 MCDERMOTT FREEWAY
SAN ANTONIO, TX 78288
* $ 110,900,000,000 2 $ 350,000
BMO Harris Bank NA
111 W. MONROE
CHICAGO, IL 60606
* $ 176,980,258,000 2 $ 1,420,000
Trubank
1401 N JEFFERSON WAY
INDIANOLA, IA 50125
* $ 415,445,000 2 $ 140,000
PHH Mortgage Corporation

WEST PALM BEACH, FL 33409
* $ -1,000 2 $ 450,000
loanDepot.com LLC
6561 IRVINE CENTER DRIVE
IRVINE, CA 92618
* $ -1,000 2 $ 320,000
Peoples Bank
12701 UNIVERSITY AVE
CLIVE, IA 50325
* $ 447,074,000 2 $ 310,000
The Federal Savings Bank
300 N ELIZABETH STREET, STE 3E
CHICAGO, IL 60639
* $ 780,976,000 2 $ 270,000
Click N' Close, Inc.
15301 SPECTRUM DRIVE, SUITE 405
ADDISON, TX 75001
* $ -1,000 2 $ 370,000
American State Bank
525 N MAIN AVE, PO BOX 140
SIOUX CENTER, IA 51250
* $ 1,254,978,000 2 $ 440,000
Gershman Investment Corp.
16253 SWINGLEY RIDGE ROAD, SUITE 400
CHESTERFIELD, MO 63017
* $ -1,000 2 $ 250,000
V.I.P. Mortgage, Inc.
9221 E VIA DE VENTURA
SCOTTSDALE, AZ 85258
* $ -1,000 2 $ 380,000
Greater Iowa Credit Union
801 LINCOLN WAY
AMES, IA 50010
* $ 656,786,000 2 $ 110,000
Plaza Home Mortgage, Inc
4820 EASTGATE MALL, STE 100
SAN DIEGO, CA 92121
* $ -1,000 2 $ 530,000
Financial Plus Credit Union
1831 25TH STREET
WEST DES MOINES, IA 50266
* $ 215,314,000 2 $ 340,000
Peoples Savings Bank
400 E IOWA AVE
INDIANOLA, IA 50125
* $ 494,712,000 2 $ 500,000
Baxter Credit Union
340 N MILWAUKEE AVE
340 N MILWAUKEE AVE, IL 60061
* $ 5,751,484,000 2 $ 50,000
Fnb Bank
101 MAIN STREET
MASSENA, IA 50853
* $ 255,293,000 1 $ 305,000
Midwest Heritage Bank FSB
3580 EP TRUE PKWY, STE 100
WEST DES MOINES, IA 50265
* $ 430,704,000 1 $ 165,000
Farmers National Bank
114 W THIRD ST
PROPHETSTOWN, IL 61277
* $ 844,736,000 1 $ 245,000
Angel Oak Mortgage Solutions LLC
980 HAMMOND DRIVE, SUITE 850
ATLANTA, GA 30328
* $ -1,000 1 $ 75,000
Teachers Federal Credit Union
102 MOTOR PARKWAY
HAUPPAUGE, NY 11788
* $ 9,280,218,000 1 $ 25,000
Churchill Mortgage Corporation
761 OLD HICKORY BLVD SUITE 400
BRENTWOOD, TN 37027
* $ -1,000 1 $ 205,000
Triad Financial Services, Inc.
13901 SUTTON PARK DRIVE SOUTH, SUITE 300
JACKSONVILLE, FL 32224
* $ -1,000 1 $ 145,000
PNC Bank N.A.
249 FIFTH AVE. MS P1-POPP-22-2
PITTSBURGH, PA 15222
* $ 552,307,127,000 1 $ 25,000
New Century Bank
1211 28TH ST
BELLEVILLE, KS 66935
* $ 54,829,000 1 $ 615,000
Lima One Capital, LLC
201 E. MCBEE AVE, SUITE 300
GREENVILLE, SC 29601
* $ -1,000 1 $ 315,000
West Bank
1601 22ND STREET
WEST DES MOINES, IA 50266
* $ 3,611,269,000 1 $ 625,000
First National Bank Ames Iowa
405 5TH ST
AMES, IA 50010
* $ 1,117,262,000 1 $ 285,000
Midwestone Bank
102 SOUTH CLINTON STREET
IOWA CITY, IA 52240
* $ 6,574,512,000 1 $ 25,000
Serve Credit Union
423 E COURT AVE
DES MOINES, IA 50309
* $ 98,488,000 1 $ 45,000
I H Mississippi Valley Credit Union
2121 47TH STREET
MOLINE, IL 61265
* $ 2,035,629,000 1 $ 425,000
Everett Financial, Inc.
14801 QUORUM DRIVE, SUITE 300
DALLAS, TX 75254
* $ -1,000 1 $ 305,000
Mutual of Omaha Mortgage

LOMBARD, IL 60148
* $ -1,000 1 $ 245,000
Digital Federal Credit Union
220 DONALD LYNCH BOULEVARD
MARLBOROUGH, MA 01752
* $ 11,281,243,000 1 $ 75,000
Lakeview Loan Servicing, LLC
4425 PONCE DE LEON BLVD.
CORAL GABLES, FL 33146
* $ -1,000 1 $ 255,000
Members Mortgage Services, LLC
200 E 1ST AVE
HUTCHINSON, KS 67501
* $ -1,000 1 $ 235,000
Spring Eq, LLC
1 WEST ELM STREET SUITE 450
CONSHOHOCKEN, PA 19428
* $ -1,000 1 $ 45,000
Visionbank of Iowa
104 CHESTNUT ST
AMES, IA 50010
* $ 755,877,000 1 $ 155,000
Emm Loans LLC
3 EXECUTIVE CAMPUS, SUITE 520
CHERRY HILL, NJ 08003
* $ -1,000 1 $ 425,000
Midfirst Bank
501 NW GRAND BLVD
OKLAHOMA CITY, OK 73118
* $ 34,681,050,000 1 $ 145,000
Two Rivers Bank & Trust
222 N. MAIN ST
BURLINGTON, IA 52601
* $ 956,239,000 1 $ 55,000
Paramount Residential Mortgage
1265 CORONA POINTE CT SUITE 301
CORONA, CA 92879
* $ -1,000 1 $ 445,000
Wintrust Bank, N.A.
231 SOUTH LA SALLE STREET
CHICAGO, IL 60604
* $ 9,659,979,000 1 $ 245,000
Nexbank
2515 MCKINNEY AVENUE, SUITE 1100
DALLAS, TX 75201
* $ 14,304,653,000 1 $ 65,000
Journey Credit Union
1400 2ND AVE
DES MOINES, IA 50314
* $ 84,845,000 1 $ 245,000
First State Bank
215 N. DIVISION, PO BOX 400
STUART, IA 50250
* $ 136,083,000 1 $ 25,000

The tables below break down 2023 mortgage applications in Madison 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 Madison County, IA in 2023

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 342 $79,720,000 $233,000 $1,325,000 $114,000 $1,080,000
Other Purpose 101 $9,265,000 $91,000 $1,065,000 $112,000 $350,000
Cash-out Refinancing 86 $16,760,000 $194,000 $745,000 $94,000 $249,000
Refinancing 74 $17,760,000 $240,000 $3,435,000 $132,000 $639,000
Home Improvement 71 $4,175,000 $58,000 $255,000 $118,000 $271,000
Not Applicable 1 $145,000 $145,000 $145,000 $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 528 $95,530,000 $180,000 $1,325,000 $115,000 $1,080,000
Not applicable 73 $18,885,000 $258,000 $3,435,000 $108,000 $236,000
Not Provided 63 $12,455,000 $197,000 $705,000 $106,000 $311,000
Hispanic 9 $895,000 $99,000 $345,000 $83,000 $170,000
American Indian or Alaskan Native 1 $35,000 $35,000 $35,000 $46,000 $46,000
Asian 1 $25,000 $25,000 $25,000 $38,000 $38,000
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) 558 $99,800,000 $178,000 $3,435,000 $118,000 $1,080,000
FHA-insured (Federal Housing Administration) 63 $13,395,000 $212,000 $445,000 $85,000 $203,000
VA-guaranteed (Veterans Administration) 42 $12,370,000 $294,000 $745,000 $91,000 $208,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 12 $2,260,000 $188,000 $235,000 $78,000 $111,000

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 416 $81,720,000 $196,000 $3,435,000 $121,000 $1,080,000
Application Denied By Financial Institution 87 $13,345,000 $153,000 $725,000 $87,000 $245,000
Application Withdrawn By Applicant 79 $13,755,000 $174,000 $1,125,000 $111,000 $1,080,000
Loan Purchased By The Institution 58 $12,910,000 $222,000 $525,000 $108,000 $236,000
File Closed For Incompleteness 18 $3,500,000 $194,000 $745,000 $83,000 $208,000
Application Approved But Not Accepted 17 $2,595,000 $152,000 $525,000 $105,000 $237,000
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
Not applicable 465 $91,805,000 $197,000 $1,325,000 $118,000 $1,080,000
Debt-To-Income Ratio 163 $29,705,000 $182,000 $3,435,000 $105,000 $502,000
Credit History 28 $3,050,000 $108,000 $445,000 $90,000 $245,000
Collateral 9 $1,595,000 $177,000 $635,000 $91,000 $166,000
Credit Application Incomplete 4 $380,000 $95,000 $135,000 $83,000 $120,000
Other 4 $540,000 $135,000 $245,000 $182,000 $215,000
Unverifiable Information 1 $555,000 $555,000 $555,000 $134,000 $134,000
Employment History 1 $195,000 $195,000 $195,000 $70,000 $70,000
Insufficient Cash (Downpayment, Closing Cost) 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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