Community Investment Statement

Initiative Progress

As a leader in home mortgages in the Midwest, and #1 in Iowa, GreenState is in a unique position to lead this effort and inspire other financial institutions to improve the well-being of their members and customers while at the same time promoting strong communities.

We firmly believe that helping more people become homeowners, and especially those for whom home ownership has been inaccessible, is good for everyone. Home ownership helps families build wealth and creates deeper ties to our neighbors and communities. Rest assured, we will continue to lend to white borrowers, and we know there are plenty of low- and moderate-income white residents who will benefit from our work to support access to affordable housing across our state.

Jeff Disterhoft, GreenState CEO

How Does This Work?

In our effort to close the racial homeownership gap, we recognized that rather than simply changing our mortgage loan requirements, we had to instead develop an entirely new process to ensure the right approach is provided to each individual borrower thereby increasing the likelihood of long-term success. 

It is important to note that every borrower will go through the same application process.

Step 1

Apply via normal standard borrowing process. If a loan is not approved, the borrower will move to Step 2.

Step 2

We now will review applications via our updated Affordable Home Loan guidelines. As a part of this process, borrowers will be connected with local resources to guide and coach them on what it means to take out a mortgage and all the costs and responsibilities therein. If after reviewing an application at this state it still is not approved, the borrower will move to Step 3.

Step 3

In our effort to improve housing outcomes and increase the success of new homebuyers, our community education partners will take a leading role in developing the financial wellness of these prospective homeowners with GreenState by their side throughout the entire process.

These steps are all an effort to make it a little easier to quality for a mortgage while also improving the chances of success of new homebuyers. That it how GreenState became the leading lender in Iowa and how we are working to become the lender of choice for all homebuyers regardless of race, income, and background throughout the Midwest.


According to the report, “Race in the Heartland” 1, Iowa’s black population has a home ownership rate below 30 percent while whites in the state hover just below 80 percent home ownership.

This Community Investment Statement includes an additional $20 million in targeted community investments in the areas of racial, immigrant, and refugee equity, affordable housing and financial inclusion, and climate and environmental sustainability.


Targeted Investments & Contributions Progress

$156,916

Affordable Housing

Goal: $6,000,000

$1,400,939

Financial Inclusion
Racial, Immigrant & Refugee Equity

Goal: $9,000,000

$215,316

Climate/Environmental Sustainability

Goal: $5,000,000

1 -

Colin Gordon, “Race in the Heartland: Equity, Opportunity, and Public Policy in the Midwest,” October 2019.
https://files.epi.org/uploads/Race-in-the-Midwest-FINAL-Interactive-1.pdf

2 -

Bankrate analysis of Home Mortgage Disclosure Act data, via LendingPatterns.
May 5, 2021 https://www.bankrate.com/mortgages/most-popular-mortgage-lenders-in-each-state/