County · IA
Multifamily lenders in Linn County, IA
27 lenders made 162 multifamily loans in Linn County, IA in 2024 and 2025, $257.9M in all. Hills Bank and Trust Company made the most, with 67. The typical loan was about $380K. The county is part of the Cedar Rapids, 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
- 27
- HMDA,
- Multifamily loans, 2024-25
- 162
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $258M
- HMDA,
- Typical loan
- $380K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Linn County, IA, https://lender.report/lenders-in/iowa/linn-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Hills Bank and Trust Company multifamily record | Bank | Hills, IA | 67 | $84.1M | 40 | 27 | $500K |
| Cedar Rapids Bank and Trust Company multifamily record | Bank | Cedar Rapids, IA | 31 | $45.6M | 22 | 9 | $95K |
| Farmers State Bank multifamily record | Bank | Marion, IA | 11 | $22.3M | 4 | 7 | $1.2M |
| Ohnward Bank & Trust multifamily record | Bank | Cascade, IA | 11 | $1.32M | 9 | 2 | $85K |
| Collins Community Credit Union multifamily record | Credit union | Cedar Rapids, IA | 8 | $3.22M | 0 | 8 | $460K |
| Bankers Trust Company multifamily record | Bank | Des Moines, IA | 5 | $3.74M | 5 | 0 | $420K |
| Citizens State Bank multifamily record | Bank | Monticello, IA | 4 | $880K | 2 | 2 | $160K |
| Bank Iowa multifamily record | Bank | West Des Moines, IA | 2 | $16.2M | 2 | 0 | $8.2M |
| Heartland Bank and Trust Company multifamily record | Bank | Bloomington, IL | 2 | $5.32M | 2 | 0 | $5.2M |
| Greenstate Credit Union multifamily record | Credit union | North Liberty, IA | 2 | $1.76M | 1 | 1 | $1.5M |
| BankIowa multifamily record | Bank | Cedar Rapids, IA | 2 | $1.72M | 2 | 0 | $1M |
| Farmers State Bank multifamily record | Bank | Waterloo, IA | 2 | $920K | 2 | 0 | $700K |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 1 | $31.0M | 1 | 0 | $31M |
| Veridian Credit Union multifamily record | Credit union | Waterloo, IA | 1 | $18.0M | 0 | 1 | $18M |
| Landmark Credit Union multifamily record | Credit union | Brookfield, WI | 1 | $6.60M | 1 | 0 | $6.6M |
| U.S. Bank National Association multifamily record | Bank | Cincinnati, OH | 1 | $6.40M | 0 | 1 | $6.4M |
| Fidelity Bank & Trust multifamily record | Bank | Dubuque, IA | 1 | $3.90M | 0 | 1 | $3.9M |
| Luana Savings Bank multifamily record | Bank | Luana, IA | 1 | $1.10M | 0 | 1 | $1.1M |
| Central Bank Illinois multifamily record | Bank | Geneseo, IL | 1 | $980K | 0 | 1 | $980K |
| Bridgewater Bank multifamily record | Bank | Saint Louis Park, MN | 1 | $800K | 0 | 1 | $800K |
| Farmers & Merchants Savings Bank multifamily record | Bank | Manchester, IA | 1 | $560K | 1 | 0 | $560K |
| Hiawatha Bank and Trust Company | Bank | Hiawatha, IA | 1 | $480K | 0 | 1 | $480K |
| Central State Bank multifamily record | Bank | Coralville, IA | 1 | $340K | 1 | 0 | $340K |
| Mount Vernon Bank and Trust Company | Bank | Mount Vernon, IA | 1 | $240K | 0 | 1 | $240K |
| Washington State Bank multifamily record | Bank | Washington, IA | 1 | $160K | 1 | 0 | $160K |
| Dutrac Community Credit Union multifamily record | Credit union | Dubuque, IA | 1 | $100K | 0 | 1 | $100K |
| Dupaco Community Credit Union multifamily record | Credit union | Dubuque, IA | 1 | $85.0K | 0 | 1 | $85K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 119 | 20 |
| $1M to $2.5M | 17 | 7 |
| $2.5M to $5M | 13 | 4 |
| $5M to $10M | 8 | 5 |
| $10M or more | 5 | 5 |
- Lenders made 162 multifamily loans totaling $257.9M in Linn County, IA in 2024 and 2025. HMDA,
- 96 of the loans were made in 2025 and 66 in 2024. HMDA,
- The typical loan in Linn County, IA was about $380K, with the middle half between $140K and $1.1M. HMDA,
- 119 of the loans were under $1M, and 13 were $5M or more. HMDA,
- Lenders reported a median rate of 6.88% on 107 loans in Linn County, IA, with the middle half between 6.40% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 74%. HMDA,
- 30% of the loans were refinancings and 60% were purchases. HMDA,
- Banks and savings institutions made 147 of the loans, credit unions 14, and non-banks 1. HMDA,
- The five most active lenders made 79.0% of the loans. HMDA,
- The three most active lenders were Hills Bank and Trust Company with 67, Cedar Rapids Bank and Trust Company with 31, and Farmers State Bank with 11. HMDA,
- 21 of the 27 lenders are based in Iowa. The rest are based elsewhere, most often in Illinois, Minnesota and Ohio. HMDA,
- The most common property size was 5 to 24 units, with 107 loans. HMDA,
- Linn County, IA is part of the Cedar Rapids, IA metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Linn 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.