County · IA
Multifamily lenders in Story County, IA
20 lenders made 67 multifamily loans in Story County, IA in 2024 and 2025, $105.2M in all. First National Bank, Ames, Iowa made the most, with 17. The typical loan was about $400K. The county is part of the Ames, 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
- 20
- HMDA,
- Multifamily loans, 2024-25
- 67
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $105M
- HMDA,
- Typical loan
- $400K
- HMDA,
Cite this
Source: The Lender Report, Multifamily lenders in Story County, IA, https://lender.report/lenders-in/iowa/story-county/, data as of December 31, 2025.
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| Lender | Kind | Based in | Loans | Dollars | 2025 loans | 2024 loans | Typical loan |
|---|---|---|---|---|---|---|---|
| First National Bank, Ames, Iowa multifamily record | Bank | Ames, IA | 17 | $13.2M | 9 | 8 | $480K |
| Luana Savings Bank multifamily record | Bank | Luana, IA | 7 | $21.1M | 6 | 1 | $360K |
| Visionbank of Iowa multifamily record | Bank | Ames, IA | 7 | $4.34M | 2 | 5 | $640K |
| Farmers State Bank multifamily record | Bank | Waterloo, IA | 6 | $28.5M | 4 | 2 | $160K |
| City State Bank multifamily record | Bank | Norwalk, IA | 4 | $4.18M | 2 | 2 | $1.3M |
| Availa Bank multifamily record | Bank | Carroll, IA | 3 | $5.56M | 0 | 3 | $660K |
| Northwest Bank multifamily record | Bank | Spencer, IA | 3 | $3.40M | 2 | 1 | $420K |
| United Bank of Iowa multifamily record | Bank | Ida Grove, IA | 3 | $1.13M | 0 | 3 | $120K |
| GNB Bank multifamily record | Bank | Grundy Center, IA | 3 | $635K | 1 | 2 | $120K |
| Green Belt Bank & Trust multifamily record | Bank | Iowa Falls, IA | 2 | $605K | 1 | 1 | $580K |
| Peoples Bank multifamily record | Bank | Clive, IA | 2 | $605K | 2 | 0 | $540K |
| Exchange State Bank | Bank | Ames, IA | 2 | $385K | 1 | 1 | $360K |
| Community State Bank multifamily record | Bank | Ankeny, IA | 1 | $16.0M | 1 | 0 | $16M |
| Central Bank multifamily record | Bank | Storm Lake, IA | 1 | $3.10M | 1 | 0 | $3.1M |
| BankIowa multifamily record | Bank | Cedar Rapids, IA | 1 | $360K | 1 | 0 | $360K |
| Iowa State Bank multifamily record | Bank | Des Moines, IA | 1 | $360K | 0 | 1 | $360K |
| TS Bank multifamily record | Bank | Treynor, IA | 1 | $200K | 0 | 1 | $200K |
| First Interstate Bank multifamily record | Bank | Billings, MT | 1 | $180K | 0 | 1 | $180K |
| Reliance State Bank multifamily record | Bank | Story City, IA | 1 | $160K | 0 | 1 | $160K |
| Bankers Trust Company multifamily record | Bank | Des Moines, IA | 1 | $95.0K | 1 | 0 | $95K |
| Loan size | Loans | Lenders |
|---|---|---|
| Under $1M | 51 | 18 |
| $1M to $2.5M | 7 | 4 |
| $2.5M to $5M | 4 | 4 |
| $5M to $10M | 1 | 1 |
| $10M or more | 4 | 3 |
- Lenders made 67 multifamily loans totaling $105.2M in Story County, IA in 2024 and 2025. HMDA,
- 34 of the loans were made in 2025 and 33 in 2024. HMDA,
- The typical loan in Story County, IA was about $400K, with the middle half between $160K and $960K. HMDA,
- 51 of the loans were under $1M, and 5 were $5M or more. HMDA,
- Lenders reported a median rate of 7.12% on 22 loans in Story County, IA, with the middle half between 6.26% and 7.50%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 63%. HMDA,
- 42% of the loans were refinancings and 45% were purchases. HMDA,
- Banks and savings institutions made 67 of the loans, credit unions 0, and non-banks 0. HMDA,
- The five most active lenders made 61.2% of the loans. HMDA,
- The three most active lenders were First National Bank, Ames, Iowa with 17, Luana Savings Bank with 7, and Visionbank of Iowa with 7. HMDA,
- 19 of the 20 lenders are based in Iowa. The rest are based elsewhere, most often in Montana. HMDA,
- The most common property size was 5 to 24 units, with 49 loans. HMDA,
- Story County, IA is part of the Ames, IA metro area, which has its own page. OMB metro list,
How this list is defined
- Measure
- Multifamily loans made in Story 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.