County · IA
Multifamily lenders in Dallas County, IA
26 lenders made 73 multifamily loans in Dallas County, IA in 2024 and 2025, $214.2M in all. Midwest Heritage Bank, FSB made the most, with 25. The typical loan was about $340K. The county is part of the Des Moines, IA metro area.
- Evidence
- Multifamily loans placed in the county, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 26
- HMDA,
- Multifamily loans, 2024-25
- 73
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $214M
- HMDA,
- Typical loan
- $340K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Dallas County, IA, https://lender.report/lenders-in/iowa/dallas-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Midwest Heritage Bank, FSB multifamily record | Savings | West Des Moines, IA | 25 | $9.06M | 11 | 14 | $200K |
| Raccoon Valley Bank multifamily record | Bank | Perry, IA | 7 | $1.29M | 1 | 6 | $65K |
| Luana Savings Bank multifamily record | Bank | Luana, IA | 6 | $31.9M | 1 | 5 | $580K |
| Westbury Bank multifamily record | Bank | Waukesha, WI | 4 | $3.48M | 4 | 0 | $1.4M |
| First National Bank, Ames, Iowa multifamily record | Bank | Ames, IA | 4 | $760K | 2 | 2 | $200K |
| Community Choice Credit Union multifamily record | Credit union | Johnston, IA | 3 | $3.48M | 3 | 0 | $940K |
| Merchants Bank of Indiana multifamily record | Bank | Carmel, IN | 2 | $46.0M | 0 | 2 | $26M |
| State Savings Bank multifamily record | Bank | West Des Moines, IA | 2 | $8.50M | 0 | 2 | $6.8M |
| CV3 Financial Services, LLC multifamily record | Non-bank | El Segundo, CA | 2 | $1.32M | 2 | 0 | $760K |
| Fidelity Bank | Bank | Savanna, IL | 2 | $760K | 1 | 1 | $420K |
| PGIM Real Estate Finance, LLC multifamily record | Non-bank | Dallas, TX | 1 | $29.0M | 1 | 0 | $29M |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $19.0M | 1 | 0 | $19M |
| First Business Bank multifamily record | Bank | Madison, WI | 1 | $14.0M | 1 | 0 | $14M |
| Iowa Trust & Savings Bank multifamily record | Bank | Emmetsburg, IA | 1 | $14.0M | 1 | 0 | $14M |
| Bellwether Enterprise Real Estate Capital, LLC multifamily record | Non-bank | Cleveland, OH | 1 | $13.0M | 1 | 0 | $13M |
| Community State Bank multifamily record | Bank | Ankeny, IA | 1 | $7.70M | 0 | 1 | $7.7M |
| Iowa State Bank multifamily record | Bank | Des Moines, IA | 1 | $4.30M | 1 | 0 | $4.3M |
| Lincoln Savings Bank multifamily record | Bank | Reinbeck, IA | 1 | $2.00M | 0 | 1 | $2M |
| BANK | Bank | Wapello, IA | 1 | $1.10M | 0 | 1 | $1.1M |
| Northwest Bank multifamily record | Bank | Spencer, IA | 1 | $1.00M | 1 | 0 | $1M |
| Bank Iowa multifamily record | Bank | West Des Moines, IA | 1 | $980K | 0 | 1 | $980K |
| Peoples Savings Bank multifamily record | Bank | Indianola, IA | 1 | $960K | 1 | 0 | $960K |
| Visionbank of Iowa multifamily record | Bank | Ames, IA | 1 | $900K | 0 | 1 | $900K |
| Union State Bank | Bank | Winterset, IA | 1 | $260K | 1 | 0 | $260K |
| Peoples Bank multifamily record | Bank | Clive, IA | 1 | $120K | 0 | 1 | $120K |
| Home State Bank | Bank | Jefferson, IA | 1 | $100K | 1 | 0 | $100K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 52 | 14 |
| $1M to $2.5M | 8 | 6 |
| $2.5M to $5M | 2 | 2 |
| $5M to $10M | 3 | 3 |
| $10M or more | 8 | 7 |
- Lenders made 73 multifamily loans totaling $214.2M in Dallas County, IA in 2024 and 2025. HMDA,
- 35 of the loans were made in 2025 and 38 in 2024. HMDA,
- The typical loan in Dallas County, IA was about $340K, with the middle half between $180K and $1.2M. HMDA,
- 52 of the loans were under $1M, and 11 were $5M or more. HMDA,
- Lenders reported a median rate of 6.88% on 24 loans in Dallas County, IA, with the middle half between 6.00% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 75%. HMDA,
- 27% of the loans were refinancings and 68% were purchases. HMDA,
- Banks and savings institutions made 65 of the loans, credit unions 3, and non-banks 5. HMDA,
- The five most active lenders made 63.0% of the loans. HMDA,
- The three most active lenders were Midwest Heritage Bank, FSB with 25, Raccoon Valley Bank with 7, and Luana Savings Bank with 6. HMDA,
- 18 of the 26 lenders are based in Iowa. The rest are based elsewhere, most often in Wisconsin, California and Illinois. HMDA,
- The most common property size was 5 to 24 units, with 52 loans. HMDA,
- Dallas County, IA is part of the Des Moines-West Des Moines, IA metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Dallas County, IA
- Period
- 2024 and 2025
- Formula
- Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in the county, manufactured-home parks excluded, for each year in which the public file holds 5 or more such loans in the county.
- 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.
SBA loans are on record by state only, so this page has no SBA figures for the county. The state pages carry them.
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.