Metro area · IA
Lenders in Ames, IA
27 lenders made 83 multifamily loans in the Ames, IA metro area in 2024 and 2025, $121.5M in all. First National Bank, Ames, Iowa made the most, with 19. The typical loan was about $420K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 27
- HMDA,
- Multifamily loans, 2024-25
- 83
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $121M
- HMDA,
- Typical loan
- $420K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Ames, IA, https://lender.report/lenders-in/ames-ia/, data as of December 31, 2025.
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This page lists who has made multifamily loans here. Loan Comps shows who has made a loan like yours, with the loans to prove it.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans |
|---|---|---|---|---|---|---|
| First National Bank, Ames, Iowa multifamily record | Bank | Ames, IA | 19 | $13.6M | 11 | 8 |
| Luana Savings Bank multifamily record | Bank | Luana, IA | 7 | $21.1M | 6 | 1 |
| Visionbank of Iowa multifamily record | Bank | Ames, IA | 7 | $4.34M | 2 | 5 |
| Farmers State Bank multifamily record | Bank | Waterloo, IA | 6 | $28.5M | 4 | 2 |
| United Bank of Iowa multifamily record | Bank | Ida Grove, IA | 5 | $1.82M | 1 | 4 |
| Availa Bank multifamily record | Bank | Carroll, IA | 4 | $5.82M | 0 | 4 |
| City State Bank multifamily record | Bank | Norwalk, IA | 4 | $4.18M | 2 | 2 |
| Northwest Bank multifamily record | Bank | Spencer, IA | 3 | $3.40M | 2 | 1 |
| Peoples Bank multifamily record | Bank | Clive, IA | 3 | $1.13M | 3 | 0 |
| GNB Bank multifamily record | Bank | Grundy Center, IA | 3 | $635K | 1 | 2 |
| Bank Iowa multifamily record | Bank | West Des Moines, IA | 2 | $9.20M | 0 | 2 |
| BankIowa multifamily record | Bank | Cedar Rapids, IA | 2 | $920K | 2 | 0 |
| Green Belt Bank & Trust multifamily record | Bank | Iowa Falls, IA | 2 | $605K | 1 | 1 |
| Exchange State Bank | Bank | Ames, IA | 2 | $385K | 1 | 1 |
| Central State Bank multifamily record | Bank | State Center, IA | 2 | $245K | 0 | 2 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Story County, IA | 67 | $104M | 20 |
| Boone County, IA | 16 | $16.2M | 12 |
A county is listed for a year only when the public file holds 5 or more multifamily loans there that year.
| Loan size | Loans |
|---|---|
| Under $1M | 64 |
| $1M to $2.5M | 8 |
| $2.5M to $5M | 5 |
| $5M to $10M | 2 |
| $10M or more | 4 |
- Lenders made 83 multifamily loans totaling $121.5M in Ames, IA in 2024 and 2025. HMDA,
- 41 of the loans were made in 2025 and 42 in 2024. HMDA,
- The typical loan in Ames, IA was about $420K, with the middle half between $160K and $940K. HMDA,
- 64 of the loans were under $1M, and 6 were $5M or more. HMDA,
- Lenders reported a median rate of 7.12% on 27 loans in Ames, IA, with the middle half between 6.30% and 7.50%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 59%. HMDA,
- 45% of the loans were refinancings and 45% were purchases. HMDA,
- Banks and savings institutions made 82 of the loans, credit unions 1, and non-banks 0. HMDA,
- The five most active lenders made 53.0% of the loans. HMDA,
- The three most active lenders were First National Bank, Ames, Iowa with 19, Luana Savings Bank with 7, and Visionbank of Iowa with 7. HMDA,
- 25 of the 27 lenders are based in Iowa. The rest are based elsewhere, most often in Illinois and Montana. HMDA,
- The most common property size was 5 to 24 units, with 63 loans. HMDA,
- 2 counties in the metro area have loans on record, and Story County, IA has the most, with 67. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Ames, IA metro area
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the metro area, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans there.
- Order
- Largest first by loans recorded in the place, then dollars, then name. Payment is not part of the order.
- As of
- 2025
- Source
- HMDA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new loans today.
- What they charge or require beyond the rate and term that HMDA reports.
- Loans on office, retail, industrial or hotel property. HMDA covers dwelling-secured loans only.
A metro area or county is named for a year only when the public file holds 5 or more multifamily loans there that year, so a small place is never exposed by a count.
HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date.
Lenders that merged or stopped filing are left out.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.