Mortgage Refinancing in Iowa
Real refinance data for Iowa from federal sources, updated annually. See how your state compares to national averages.
Refinance Originations
6,451
2023 HMDA data
Avg Loan Amount
$174,775
National: $410,429
Denial Rate
15.58%
▲ Below national avg
Median Home Value
$195,900
U.S. Census Bureau
Source: HMDA 2023 via CFPB, U.S. Census Bureau ACS
Calculate your refinance savingsRefinance Trends in Iowa
Originations by Year
Refinance originations in Iowa by year. Source: HMDA via CFPB.
Loan Type Breakdown
Includes all refinance applications (originated, denied, and other outcomes). Source: HMDA via CFPB.
Home Price Trends in Iowa
Source: FHFA House Price Index
Top Lenders in Iowa
| # | Lender | HMDA Records | Avg Loan |
|---|---|---|---|
| 1 | Greenstate Credit Union | 16,916 | - |
| 2 | Greenstate Credit Union | 11,940 | - |
| 3 | Veridian Credit Union | 9,637 | - |
| 4 | Veridian Credit Union | 6,950 | - |
| 5 | U.s. Bank National Association | 4,793 | - |
| 6 | Hills Bank And Trust Company | 4,473 | - |
| 7 | Iowa Bankers Mortgage Corporation | 4,332 | - |
| 8 | Rocket Mortgage LLC | 4,140 | - |
| 9 | Collins Community Credit Union | 4,075 | - |
| 10 | Iowa Bankers Mortgage Corporation | 3,700 | - |
Ranked by total HMDA filings in the state (2023). Source: HMDA via CFPB.
Compare all lenders →How Iowa Compares
| Metric | Iowa | National Avg |
|---|---|---|
| Refinance Originations | 6,451 | 435,709 |
| Avg Loan Amount | $174,775 | $410,429 |
| Denial Rate | 15.58% | 27.87% |
Green indicates the state performs better than the national average. Red indicates worse. Source: HMDA 2023, U.S. Census Bureau.
Current Mortgage Rates
30-Year Fixed
6.38%
▲ 6.22% prev
15-Year Fixed
5.75%
▲ 5.54% prev
5/1 ARM
6.06%
▲ 5.95% prev
National average rates updated daily from FRED (Federal Reserve Bank of St. Louis). Your rate depends on your credit score, loan amount, and lender.
Get personalized rates →Frequently Asked Questions
How many people refinanced in Iowa in 2023?
In 2023, there were 6,451 refinance originations in Iowa, according to HMDA data reported to the CFPB.
What is the average refinance loan amount in Iowa?
The average refinance loan amount in Iowa was $174,775 in 2023. This reflects originated loans reported through HMDA.
What is the refinance denial rate in Iowa?
The refinance denial rate in Iowa was 15.58% in 2023. This is calculated from originated and denied applications reported to the CFPB.
What are the top refinance lenders in Iowa?
The most active lenders in Iowa by HMDA filing volume include Greenstate Credit Union, Greenstate Credit Union, Veridian Credit Union. See the full list above for details.
Is it a good time to refinance in Iowa?
Whether refinancing makes sense depends on your current rate, loan balance, and how long you plan to stay in your home. Use our refinance calculator and break-even calculator to estimate your potential savings based on current national rates.
Want a deeper analysis?
Read our full editorial guide on refinancing in Iowa, including tips, regulations, and state programs.
Read the Iowa Refinance GuideData sourced from HMDA (Home Mortgage Disclosure Act) via the CFPB and FRED (Federal Reserve Bank of St. Louis). Demographics from the U.S. Census Bureau American Community Survey. This page is for educational purposes only and does not constitute financial advice. Consult a licensed mortgage professional for personalized guidance.