Ground Figures
Lenders → Iowa Bankers Mortgage Corporation

Iowa Bankers Mortgage Corporation

Independent mortgage co. · #251 by purchase decisions in 2025 · Conventional 92%.

All programs, all bands
88%

approved of 1,723 decisions.

Purchase decisions
1,875
Approved, all
88%
Lender type
Independent mortgage co.
States with 50+ decisions
2

Approval by DTI band

Each row is approved versus denied among files whose decision used that ratio. Read the 50–60% row against the ≤43% row: a gap is the signature of a wall at 50.

Conventional

DTI bandDecisionsApproved · deniedDenials citing DTI
≤43%1,303
91%
2%
44–45%106
94%
0%
46–49%267
91%
12%

Rates and costs

Compared with the national market in the same LTV band and points-paid cell; 30-year fixed conforming purchase loans. Builder-owned lenders buy rates down as a sales incentive, which is paid for in the house price.

Conventional rate vs market
-12 bps
Conventional median, no points
6.5%
Conventional median loan costs
$2,625
FHA median loan costs
$6,375
Why it says no: first-listed denial reason, 2025 WHY IT SAYS NO: FIRST-LISTED DENIAL REASON, 2025 Application incomplete Application incomplete: 40% approved of 81 40% Debt-to-income ratio Debt-to-income ratio: 22% approved of 45 22% Collateral Collateral: 13% approved of 27 13% Other Other: 11% approved of 22 11% Employment history Employment history: 6% approved of 13 6% Credit history Credit history: 5% approved of 11 5% Approval by loan-to-value band, all programs APPROVAL BY LOAN-TO-VALUE BAND, ALL PROGRAMS LTV ≤80% LTV ≤80%: 90% approved of 862 90% LTV 80–95% LTV 80–95%: 87% approved of 549 87% LTV >95% LTV >95%: 82% approved of 429 82%

Where it lends

Iowa (1,609), Minnesota (184), South Dakota (31), Nebraska (30), Wisconsin (10), Illinois (6), Missouri (3), Colorado (2).

Compare Iowa Bankers Mortgage Corporation with every lender in a state on the approvals, rates and fees pages.

Questions

Does Iowa Bankers Mortgage Corporation approve loans with a DTI over 50%?

Iowa Bankers Mortgage Corporation decided too few purchase files above 50% DTI in 2025 to report a rate. The table on this page shows every band.

Are Iowa Bankers Mortgage Corporation's rates competitive?

In 2025 its closed conventional loans were priced 12 basis points below the market median after matching LTV band and points paid.

Why does Iowa Bankers Mortgage Corporation deny applications?

Its most common first-listed denial reason in 2025 was application incomplete (40% of denials), followed by debt-to-income ratio (22%).

Where does this come from?

Iowa Bankers Mortgage Corporation's own 2025 HMDA filing, as published by the CFPB. Purchase loans on site-built, one-unit, owner-occupied homes. Decisions, not policy: files screened out before a formal application never appear. Credit score is withheld from the public file.

Method

Approvals from the approvals dataset (originated vs. denied by DTI band). Rates: HMDA interest rate on 30-year fixed conforming purchase originations, compared cell by cell with the national market. Costs: Closing Disclosure total loan costs, binned to $250. Denial reasons: first reason listed on denied files. Lender type assigned from the name.

Corrections

Every figure traces to Iowa Bankers Mortgage Corporation’s own filing. If a number looks wrong, write to us and we will re-run it.