Applications / Mortgage Analytics / Lenders / Iowa / Iowa Bankers Mortgage
Johnston, IA · Independent non-bank lender · CFPB · 2,145 loans in 2025
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2,145
loans originated, 2025
2,808
applications, 2025
10
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Iowa Bankers Mortgage makes small, mostly conventional loans across rural Iowa and ranks first in Ames, though its share there and in Des Moines fell in 2025.
It ranks first of 189 lenders in Ames and second of 465 in non-metro Iowa, markets it has served since 1990 or soon after. Its share of Ames fell to 7.5% from 11.7%, and of Des Moines to 2.1% from 3.2%. Both came in a year when its own lending fell and the whole market grew 10%, which may account for much of them: it made 2,145 loans, down 11%, while similar lenders, independent non-bank lenders making between half and twice as many loans, grew 9%.
Its typical loan was $195,000, against $315,000 for similar lenders. Some 44.2% of its borrowers had low or moderate incomes, against 28.2%, a higher share than at more than nine in ten similar lenders, and up from 29.7% in 2020. Loans guaranteed by the Department of Agriculture's Rural Housing Service (RHS) made up 3.7%, against 0.3%, more than at nine in ten similar lenders.
It bought 1,762 loans from other lenders in 2025, where the typical similar lender bought none. Its own lending is conventional: 91.5% of loans, against 68.6%, with few insured by the Federal Housing Administration.
Only 1.3% of its loans were in majority-minority neighborhoods, against 25.3% for similar lenders. Its markets are mostly rural Iowa and small Iowa cities, which may account for that.
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
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Iowa Bankers Mortgage took 2,808 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 83.2% · Refinance 15.0% · Other 1.4% · Home improvement 0.4%
Conventional 91.5% · USDA (RHS or FSA) 3.7% · FHA 2.6% · VA 2.2% · of 2,145 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
| State | Loans | Share |
|---|---|---|
| Iowa | 1,849 | 86.2% |
| Minnesota | 181 | 8.4% |
| Nebraska | 48 | 2.2% |
| South Dakota | 35 | 1.6% |
| Wisconsin | 11 | 0.5% |
| Illinois | 10 | 0.5% |
| Missouri | 6 | 0.3% |
| Arizona | 2 | 0.1% |
| Colorado | 2 | 0.1% |
| North Dakota | 1 | 0.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 429 |
| Ames | 169 |
| Cedar Rapids | 106 |
| Sioux City | 87 |
| Omaha | 81 |
| Waterloo-Cedar Falls | 39 |
| Minneapolis-St. Paul-Bloomington | 30 |
| Iowa City | 29 |
| Dubuque | 27 |
| Sioux Falls | 27 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300FSZH0FMQ1T8Y90 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 3871359 | 2010–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7421130287 | |
| Respondent ID (the HMDA filer code before 2018) | 71471109991 | 1990–2010 |
Established 7 September 1979. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Iowa Bankers Mortgage's data.
Iowa Bankers Mortgage's data
$215
Iowa Bankers Mortgage and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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