Monroe County, IA Mortgage Lenders & HMDA Data, 2022
In 2022, lenders reported 198 mortgage applications in Monroe County, IA totaling $27.8 million, down 29% from 2021. The average application was for $140,000, and applicants reported an average income of $93,000. 62% of applications resulted in an originated loan and 13% were denied. The most active lender was Community 1st Credit Union, with 80 applications, followed by Iowa Bankers Mortgage Corporation and US Bank, N.A..
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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 | 198 |
| Total Mortgage Loan Application Amount | $27,750,000 |
| Average Mortgage Loan Application Amount | $140,000 |
| Highest Mortgage Loan Application Amount | $915,000 |
| Average Applicant Income | $93,000 |
| Highest Applicant Income | $1,519,000 |
Top Mortgage Lenders in Monroe County, IA (2022)
Ranked by the number of mortgage applications each lender reported in Monroe County, IA in 2022.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Community 1st Credit Union Ottumwa, IA |
80 | $9,550,000 | $119,000 | $104,000 |
| 2 | Iowa Bankers Mortgage Corporation Johnston, IA |
13 | $2,275,000 | $175,000 | $83,000 |
| 3 | US Bank, N.A. Cincinnati, OH |
9 | $1,095,000 | $121,000 | $118,000 |
| 4 | Mortgage Research Center Columbia, MO |
8 | $1,480,000 | $185,000 | $71,000 |
| 5 | Wells Fargo Bank NA Minneapolis, MN |
5 | $485,000 | $97,000 | $62,000 |
| 6 | 21st Mortgage Knoxville, TN |
4 | $300,000 | $75,000 | $46,000 |
| 7 | Veridian Credit Union Waterloo, IA |
4 | $310,000 | $77,000 | $104,000 |
| 8 | Collins Community Credit Union Cedar Rapids, IA |
4 | $550,000 | $137,000 | $67,000 |
| 9 | Homebridge Financial Services, Inc Iselin, NJ |
3 | $755,000 | $251,000 | $72,000 |
| 10 | loanDepot.com LLC Irvine, CA |
3 | $535,000 | $178,000 | $117,000 |
The tables below break down 2022 mortgage applications in Monroe 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 Monroe 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 | 96 | $15,420,000 | $160,000 | $915,000 | $81,000 | $323,000 |
| Cash-out Refinancing | 66 | $7,720,000 | $116,000 | $395,000 | $110,000 | $1,519,000 |
| Refinancing | 26 | $4,140,000 | $159,000 | $485,000 | $92,000 | $214,000 |
| Home Improvement | 6 | $300,000 | $50,000 | $115,000 | $79,000 | $140,000 |
| Other Purpose | 4 | $170,000 | $42,000 | $75,000 | $113,000 | $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 | 167 | $23,375,000 | $139,000 | $915,000 | $96,000 | $1,519,000 |
| Not Provided | 15 | $2,285,000 | $152,000 | $375,000 | $75,000 | $194,000 |
| Not applicable | 9 | $855,000 | $95,000 | $165,000 | $0 | $0 |
| Hispanic | 4 | $660,000 | $165,000 | $215,000 | $90,000 | $134,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $225,000 | $225,000 | $225,000 | $50,000 | $50,000 |
| American Indian or Alaskan Native | 1 | $225,000 | $225,000 | $225,000 | $50,000 | $50,000 |
| Black or African American | 1 | $125,000 | $125,000 | $125,000 | $61,000 | $61,000 |
| Asian | 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) | 162 | $21,850,000 | $134,000 | $915,000 | $98,000 | $1,519,000 |
| VA-guaranteed (Veterans Administration) | 21 | $3,815,000 | $181,000 | $395,000 | $68,000 | $127,000 |
| FHA-insured (Federal Housing Administration) | 9 | $1,365,000 | $151,000 | $215,000 | $73,000 | $121,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $720,000 | $120,000 | $225,000 | $75,000 | $108,000 |
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 | 122 | $17,300,000 | $141,000 | $915,000 | $87,000 | $323,000 |
| Application Withdrawn By Applicant | 33 | $4,245,000 | $128,000 | $505,000 | $129,000 | $1,519,000 |
| Application Denied By Financial Institution | 26 | $3,920,000 | $150,000 | $405,000 | $86,000 | $244,000 |
| Loan Purchased By The Institution | 9 | $925,000 | $102,000 | $165,000 | $28,000 | $28,000 |
| File Closed For Incompleteness | 5 | $805,000 | $161,000 | $395,000 | $56,000 | $122,000 |
| Application Approved But Not Accepted | 2 | $480,000 | $240,000 | $455,000 | $117,000 | $161,000 |
| Preapproval Denied by Financial Institution | 1 | $75,000 | $75,000 | $75,000 | $43,000 | $43,000 |
| 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 | 167 | $22,985,000 | $137,000 | $915,000 | $95,000 | $1,519,000 |
| Credit History | 11 | $1,275,000 | $115,000 | $225,000 | $83,000 | $180,000 |
| Debt-To-Income Ratio | 10 | $1,890,000 | $189,000 | $455,000 | $89,000 | $244,000 |
| Collateral | 5 | $565,000 | $113,000 | $245,000 | $84,000 | $121,000 |
| Credit Application Incomplete | 2 | $370,000 | $185,000 | $195,000 | $48,000 | $48,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $500,000 | $250,000 | $255,000 | $73,000 | $76,000 |
| Other | 1 | $165,000 | $165,000 | $165,000 | $101,000 | $101,000 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $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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