Metro area · IA
Lenders in Waterloo, IA
24 lenders made 131 multifamily loans in the Waterloo-Cedar Falls, IA metro area in 2024 and 2025, $136.6M in all. Farmers State Bank made the most, with 31. The typical loan was about $220K.
- Evidence
- Multifamily loans placed in the metro area, HMDA
- Data as of
- HMDA 2025
- Page last changed
- November 11, 2026
- Lenders on record
- 24
- HMDA,
- Multifamily loans, 2024-25
- 131
- HMDA,
- Manufactured-home parks excluded
- Dollars
- $137M
- HMDA,
- Typical loan
- $220K
- HMDA,
Cite this
Source: The Lender Report, Lenders in Waterloo, IA, https://lender.report/lenders-in/waterloo-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 |
|---|---|---|---|---|---|---|
| Farmers State Bank multifamily record | Bank | Waterloo, IA | 31 | $10.2M | 14 | 17 |
| Luana Savings Bank multifamily record | Bank | Luana, IA | 22 | $7.46M | 6 | 16 |
| BankIowa multifamily record | Bank | Cedar Rapids, IA | 15 | $25.8M | 7 | 8 |
| First Bank multifamily record | Bank | Waverly, IA | 14 | $7.15M | 5 | 9 |
| Cedar Rapids Bank and Trust Company multifamily record | Bank | Cedar Rapids, IA | 7 | $21.7M | 0 | 7 |
| Denver Savings Bank multifamily record | Bank | Denver, IA | 6 | $5.29M | 1 | 5 |
| First Interstate Bank multifamily record | Bank | Billings, MT | 4 | $2.72M | 1 | 3 |
| Arbor Realty Trust, Inc. multifamily record | Non-bank | Uniondale, NY | 3 | $8.30M | 1 | 2 |
| Bank Iowa multifamily record | Bank | West Des Moines, IA | 3 | $4.52M | 3 | 0 |
| U.S. Bank National Association multifamily record | Bank | Cincinnati, OH | 3 | $2.78M | 3 | 0 |
| Lincoln Savings Bank multifamily record | Bank | Reinbeck, IA | 3 | $1.14M | 0 | 3 |
| Kerndt Brothers Savings Bank multifamily record | Bank | Lansing, IA | 2 | $505K | 0 | 2 |
| Veridian Credit Union multifamily record | Credit union | Waterloo, IA | 2 | $380K | 0 | 2 |
| CCFBank National Association multifamily record | Bank | Altoona, WI | 1 | $23.0M | 1 | 0 |
| Great Southern Bank multifamily record | Bank | Reeds Spring, MO | 1 | $4.80M | 1 | 0 |
| County | Loans | Dollars | Lenders |
|---|---|---|---|
| Black Hawk County, IA | 120 | $134M | 20 |
| Grundy County, IA | 2 | $225K | 2 |
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 | 101 |
| $1M to $2.5M | 16 |
| $2.5M to $5M | 9 |
| $5M to $10M | 4 |
| $10M or more | 1 |
- Lenders made 131 multifamily loans totaling $136.6M in Waterloo, IA in 2024 and 2025. HMDA,
- 5 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,
- 47 of the loans were made in 2025 and 84 in 2024. HMDA,
- The typical loan in Waterloo, IA was about $220K, with the middle half between $100K and $900K. HMDA,
- 101 of the loans were under $1M, and 5 were $5M or more. HMDA,
- Lenders reported a median rate of 7.00% on 77 loans in Waterloo, IA, with the middle half between 6.85% and 7.33%. HMDA,
- The median term was 5 years. HMDA,
- The median loan to value was 76%. HMDA,
- 23% of the loans were refinancings and 66% were purchases. HMDA,
- Banks and savings institutions made 118 of the loans, credit unions 4, and non-banks 4. HMDA,
- The five most active lenders made 67.9% of the loans. HMDA,
- The three most active lenders were Farmers State Bank with 31, Luana Savings Bank with 22, and BankIowa with 15. HMDA,
- 17 of the 24 lenders are based in Iowa. The rest are based elsewhere, most often in Minnesota, Missouri and Montana. HMDA,
- The most common property size was 5 to 24 units, with 78 loans. HMDA,
- 2 counties in the metro area have loans on record, and Black Hawk County, IA has the most, with 120. HMDA,
How this list is defined
- Measure
- Multifamily loans made in the Waterloo, 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.