Metro area · IA
Lenders in Iowa City, IA
16 lenders made 134 multifamily loans in the Iowa City, IA metro area in 2024 and 2025, $267.2M in all. Hills Bank and Trust Company made the most, with 77. The typical loan was about $680K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 16
- HMDA,
- Multifamily loans, 2024-25
- 134
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $267M
- HMDA,
- Typical loan
- $680K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Iowa City, IA, https://lender.report/lenders-in/iowa-city-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 |
|---|---|---|---|---|---|---|
| Hills Bank and Trust Company multifamily record | Bank | Hills, IA | 77 | $87.4M | 51 | 26 |
| West Bank multifamily record | Bank | West Des Moines, IA | 11 | $20.0M | 8 | 3 |
| Washington State Bank multifamily record | Bank | Washington, IA | 4 | $6.48M | 3 | 1 |
| Central State Bank multifamily record | Bank | Coralville, IA | 3 | $5.50M | 3 | 0 |
| Veridian Credit Union multifamily record | Credit union | Waterloo, IA | 2 | $50.0M | 2 | 0 |
| Berkadia Commercial Mortgage multifamily record | Non-bank | Ambler, PA | 2 | $24.0M | 0 | 2 |
| Farmers State Bank multifamily record | Bank | Marion, IA | 2 | $1.74M | 0 | 2 |
| Cedar Rapids Bank and Trust Company multifamily record | Bank | Cedar Rapids, IA | 2 | $1.52M | 1 | 1 |
| Federation Bank | Bank | Washington, IA | 2 | $120K | 1 | 1 |
| Lument Real Estate Capital multifamily record | Non-bank | Columbus, OH | 1 | $21.0M | 1 | 0 |
| Farmers State Bank multifamily record | Bank | Waterloo, IA | 1 | $16.0M | 0 | 1 |
| Peoples Bank multifamily record | Bank | Clive, IA | 1 | $4.20M | 0 | 1 |
| Citizens Equity First Credit Union multifamily record | Credit union | Peoria, IL | 1 | $1.70M | 1 | 0 |
| Visionbank of Iowa multifamily record | Bank | Ames, IA | 1 | $1.50M | 0 | 1 |
| CBI Bank & Trust multifamily record | Bank | Muscatine, IA | 1 | $480K | 1 | 0 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Johnson County, IA | 121 | $239M | 14 |
| Washington County, IA | 7 | $1.66M | 3 |
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 | 82 |
| $1M to $2.5M | 32 |
| $2.5M to $5M | 7 |
| $5M to $10M | 4 |
| $10M or more | 9 |
- Lenders made 134 multifamily loans totaling $267.2M in Iowa City, IA in 2024 and 2025. HMDA,
- 22 of these loans were made by lenders that have since merged or closed. They are counted in the totals here and appear in no lender's row. HMDA,
- 87 of the loans were made in 2025 and 47 in 2024. HMDA,
- The typical loan in Iowa City, IA was about $680K, with the middle half between $280K and $1.4M. HMDA,
- 82 of the loans were under $1M, and 13 were $5M or more. HMDA,
- Lenders reported a median rate of 6.75% on 110 loans in Iowa City, IA, with the middle half between 6.25% and 7.50%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 72%. HMDA,
- 25% of the loans were refinancings and 57% were purchases. HMDA,
- Banks and savings institutions made 106 of the loans, credit unions 3, and non-banks 3. HMDA,
- The five most active lenders made 72.4% of the loans. HMDA,
- The three most active lenders were Hills Bank and Trust Company with 77, West Bank with 11, and Washington State Bank with 4. HMDA,
- 13 of the 16 lenders are based in Iowa. The rest are based elsewhere, most often in Illinois, Ohio and Pennsylvania. HMDA,
- The most common property size was 5 to 24 units, with 87 loans. HMDA,
- 2 counties in the metro area have loans on record, and Johnson County, IA has the most, with 121. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Iowa City, 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.