Far from home
It lends in 17 states, 31 metros and 78 counties from its Iowa base. It ranks 47 of 396 lenders in Des Moines-West Des Moines and 96 of 465 in non-metro Iowa. In 2025 it first lent in Kennewick-Richland, Fond du Lac and Columbus.
Applications / Mortgage Analytics / Lenders / Iowa / Midwest Heritage Bank
Midwest Heritage Bank
West Des Moines, IA · Savings institution · OCC · $492 million assets · 228 loans in 2025
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228
loans originated, 2025
328
applications, 2025
17
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Midwest Heritage Bank, of West Des Moines, Iowa, lends to home buyers in 17 states, and in 2025 it lent to more borrowers of modest means than most similar lenders.
Steady volume
It made 228 loans, up 4% from 219, while similar lenders (savings institutions making between half and twice as many loans) grew 8% and the whole market 10%. Its growth was near the middle. Purchases made up 65.4% of its loans and home improvement 13.2%.
Modest incomes up, poorer areas down
Low- and moderate-income (LMI) borrowers took 28.3% of its loans, up from 18.8% in 2024 and more than at about two-thirds of similar lenders, where the share is 24.2%. Poorer neighborhoods (LMI tracts) took only 9.3%, against 15.8%, lower than at about four in five. Its spread across many markets outside Iowa is a possible reason.
Slipping in Des Moines
Its share of Des Moines-West Des Moines fell to 0.5% from 0.6%. GreenState Credit Union leads there. Stronger lending by the credit unions at the top, or more of its own lending going outside Iowa, could explain it. Its typical loan, $175,000, is smaller than the $227,500 at similar lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
228 loans in 2025, against a peak of 888 in 2020.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Midwest Heritage Bank took 328 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
65.4% of its 2025 loans were purchase loans; all were conventional loans.
Purchase 65.4% · Refinance 14.5% · Home improvement 13.2% · Other 7.0%
Conventional 100.0% · of 228 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
17 states, 31 metros, 78 counties
| State | Loans | Share |
|---|---|---|
| Iowa | 159 | 69.7% |
| Missouri | 14 | 6.1% |
| Nebraska | 13 | 5.7% |
| Minnesota | 9 | 3.9% |
| Illinois | 7 | 3.1% |
| South Dakota | 5 | 2.2% |
| Arizona | 4 | 1.8% |
| Kansas | 4 | 1.8% |
| Florida | 3 | 1.3% |
| Tennessee | 2 | 0.9% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 91 |
| Kansas City | 11 |
| Omaha | 11 |
| Davenport-Moline-Rock Island | 5 |
| Cedar Rapids | 4 |
| Minneapolis-St. Paul-Bloomington | 4 |
| Phoenix-Mesa-Chandler | 4 |
| Sioux Falls | 4 |
| Rochester | 3 |
| Springfield | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900FI363837PZX856 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 203043 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 412423 | 1997–2010 |
| Respondent ID (the HMDA filer code before 2018) | 1712423 | 2011–2017 |
Established 1 April 1930. Reported under HMDA 1997-2025.
Mergers, name changes, data editions and corrections: Midwest Heritage Bank's data.
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