County · IA
Multifamily lenders in Polk County, IA
57 lenders made 258 multifamily loans in Polk County, IA in 2024 and 2025, $963M in all. Luana Savings Bank made the most, with 20. The typical loan was about $920K. 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
- 57
- HMDA,
- Multifamily loans, 2024-25
- 258
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $963M
- HMDA,
- Typical loan
- $920K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Polk County, IA, https://lender.report/lenders-in/iowa/polk-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| Luana Savings Bank multifamily record | Bank | Luana, IA | 20 | $20.9M | 11 | 9 | $280K |
| First National Bank, Ames, Iowa multifamily record | Bank | Ames, IA | 18 | $31.3M | 12 | 6 | $880K |
| Raccoon Valley Bank multifamily record | Bank | Perry, IA | 17 | $18.3M | 9 | 8 | $780K |
| Bank Iowa multifamily record | Bank | West Des Moines, IA | 15 | $65.4M | 9 | 6 | $920K |
| Community State Bank multifamily record | Bank | Ankeny, IA | 12 | $95.8M | 9 | 3 | $1.5M |
| Central Bank multifamily record | Bank | Storm Lake, IA | 12 | $34.5M | 7 | 5 | $1.3M |
| Community Choice Credit Union multifamily record | Credit union | Johnston, IA | 11 | $7.97M | 9 | 2 | $320K |
| Midwest Heritage Bank, FSB multifamily record | Savings | West Des Moines, IA | 9 | $5.58M | 1 | 8 | $300K |
| Greystone Servicing Corporation, Inc. multifamily record | Non-bank | Memphis, TN | 8 | $153M | 7 | 1 | $12M |
| City State Bank multifamily record | Bank | Norwalk, IA | 8 | $12.2M | 8 | 0 | $920K |
| West Bank multifamily record | Bank | West Des Moines, IA | 7 | $50.3M | 2 | 5 | $2M |
| Greenstate Credit Union multifamily record | Credit union | North Liberty, IA | 6 | $25.3M | 5 | 1 | $1.8M |
| Peoples Bank multifamily record | Bank | Clive, IA | 6 | $15.3M | 1 | 5 | $1.3M |
| Earlham Savings Bank multifamily record | Bank | West Des Moines, IA | 6 | $10.9M | 3 | 3 | $2.1M |
| CV3 Financial Services, LLC multifamily record | Non-bank | El Segundo, CA | 6 | $6.06M | 6 | 0 | $920K |
| Bankers Trust Company multifamily record | Bank | Des Moines, IA | 5 | $80.3M | 2 | 3 | $17M |
| Visionbank of Iowa multifamily record | Bank | Ames, IA | 5 | $11.9M | 3 | 2 | $620K |
| Availa Bank multifamily record | Bank | Carroll, IA | 5 | $2.62M | 4 | 1 | $480K |
| TruBank multifamily record | Bank | Indianola, IA | 5 | $2.04M | 3 | 2 | $420K |
| First State Bank multifamily record | Bank | Lynnville, IA | 5 | $1.96M | 2 | 3 | $140K |
| Lincoln Savings Bank multifamily record | Bank | Reinbeck, IA | 4 | $13.8M | 1 | 3 | $2.1M |
| Farmers State Bank multifamily record | Bank | Waterloo, IA | 4 | $7.94M | 4 | 0 | $2.7M |
| State Savings Bank multifamily record | Bank | West Des Moines, IA | 4 | $2.92M | 3 | 1 | $580K |
| Iowa State Bank multifamily record | Bank | Des Moines, IA | 4 | $2.68M | 1 | 3 | $320K |
| JLL Real Estate Capital, LLC multifamily record | Non-bank | St. Paul, MN | 3 | $42.0M | 3 | 0 | $14M |
| The Security National Bank of Sioux City, Iowa multifamily record | Bank | Sioux City, IA | 3 | $18.6M | 0 | 3 | $5.2M |
| Farmers Savings Bank | Bank | Marshalltown, IA | 3 | $5.10M | 2 | 1 | $1.1M |
| Community 1st Credit Union multifamily record | Credit union | Ottumwa, IA | 3 | $1.96M | 2 | 1 | $340K |
| Union State Bank | Bank | Winterset, IA | 3 | $1.66M | 1 | 2 | $160K |
| Colliers Mortgage LLC multifamily record | Non-bank | Minneapolis, MN | 2 | $23.9M | 2 | 0 | $20M |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 134 | 38 |
| $1M to $2.5M | 45 | 25 |
| $2.5M to $5M | 33 | 21 |
| $5M to $10M | 18 | 13 |
| $10M or more | 28 | 16 |
- Lenders made 258 multifamily loans totaling $963M in Polk County, IA in 2024 and 2025. HMDA,
- 3 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,
- 148 of the loans were made in 2025 and 110 in 2024. HMDA,
- The typical loan in Polk County, IA was about $920K, with the middle half between $300K and $3M. HMDA,
- 134 of the loans were under $1M, and 46 were $5M or more. HMDA,
- Lenders reported a median rate of 6.72% on 120 loans in Polk County, IA, with the middle half between 6.25% and 7.25%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 70%. HMDA,
- 34% of the loans were refinancings and 58% were purchases. HMDA,
- Banks and savings institutions made 207 of the loans, credit unions 21, and non-banks 27. HMDA,
- The five most active lenders made 31.8% of the loans. HMDA,
- The three most active lenders were Luana Savings Bank with 20, First National Bank, Ames, Iowa with 18, and Raccoon Valley Bank with 17. HMDA,
- 39 of the 57 lenders are based in Iowa. The rest are based elsewhere, most often in Ohio, Illinois and Minnesota. HMDA,
- The most common property size was 5 to 24 units, with 143 loans. HMDA,
- Polk 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 Polk 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.