# Bank Iowa

> **Canonical URL:** https://saferate.com/lenders/bank-iowa


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Bank Iowa is a bank, headquartered in West Des Moines, IA, serving borrowers across 10 states, with 252 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 41% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 37% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300NDNZ6EWP8BJI88
- **Headquarters:** West Des Moines, IA
- **Geographic Reach:** Multi-Region
- **States Served:** 10
- **State List:** AZ, CA, FL, IA, IL, IN, MO, NE, NV, TX
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 59/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 63/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.133%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,473
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 252
- **Dollar Volume:** $65 million
- **Applications Received:** 339
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $257,659
- **Average Borrower Income:** $143,091
- **Average Property Value:** $331,746

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 51/100 | 222 | +0.116% | $1,462 | Sound ☺️ |
| USDA | 77/100 | 22 | +0.357% | $1,569 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 178 loans, Score: 50/100 (Sound)
- Refinance: 44 loans, Score: 51/100 (Sound)

**USDA:**
- Purchase: 22 loans, Score: 77/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 50/100 | 203 | $47M | +0.155% | Sound ☺️ |
| Refinance | 52/100 | 49 | $17M | +0.049% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IA | 240 | 0.68% | 77/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 119 | 60/100 |
| Des Moines | IA | 108 | 75/100 |

## Where This Lender Ranks

Bank Iowa appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥈 **#2** in Des Moines for USDA Loans
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/usda-loans)
- 🥈 **#2** in Des Moines for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#4** in Iowa for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#4** in Des Moines for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Des Moines for Jumbo Loans
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/jumbo-loans)
- 🏆 **#6** in Iowa for Jumbo Loans
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/jumbo-loans)
- 🏆 **#8** in Iowa for USDA Loans (Banks)
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks/usda-loans)
- 🏆 **#14** in Des Moines Banks
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks)
- 🏆 **#16** in Iowa for USDA Loans
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/usda-loans)
- 🏆 **#17** in Des Moines for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/des-moines/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#18** in Iowa Banks
  - [View Full Rankings](https://saferate.com/iowa/best-mortgage-lenders/banks)

## Frequently Asked Questions

### What loan types does Bank Iowa offer?

Bank Iowa offers the following mortgage loan types: Conventional, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Bank Iowa offer mortgages?

Bank Iowa offers mortgages in 10 states: AZ, CA, FL, IA, IL, IN, MO, NE, NV, TX.

### How competitive are Bank Iowa's mortgage rates?

Bank Iowa has a pricing score of 59/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.133% above market average.

### What type of lender is Bank Iowa?

Bank Iowa is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in West Des Moines, IA.

### What is Bank Iowa's loan approval success rate?

Bank Iowa has a pull-through score of 63/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bank-iowa

### How to Cite

> "Bank Iowa Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bank-iowa

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