--- title: Multifamily Lenders in Iowa: 185 Made Loans in 2024-25 url: https://lender.report/multifamily-lenders/iowa/ license: https://lender.report/license/ --- Multifamily ยท IA # Multifamily lenders in Iowa 185 lenders made at least one multifamily loan in Iowa in 2024 or 2025. Hills Bank and Trust Company made the most in 2025, with 102 of the 1,091 on record. **Evidence** Lender made at least one multifamily loan in Iowa in 2024 or 2025 (HMDA, manufactured-home parks excluded) **Data as of** HMDA 2025 **Page last changed** November 11, 2026 **Lenders on record** 185 HMDA, 2025 **Multifamily loans, 2025** 1,091 HMDA, 2025 Manufactured-home parks excluded **Dollars, 2025** $1.91B HMDA, 2025 **Loans, 2024** 912 HMDA, 2024 +19.6% in 2025 Cite this Source: The Lender Report, Multifamily lenders in Iowa, https://lender.report/multifamily-lenders/iowa/, data as of December 31, 2025. ## Describe a deal in Iowa See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show multifamily loans in Iowa](https://lender.report/comps/?lane=multifamily&state=IA)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | 2025 loans | 2025 dollars | 2024 loans | | --- | --- | --- | --- | --- | --- | | [Hills Bank and Trust Company](https://lender.report/lender/hills-bank-and-trust-ia/) [multifamily record](https://lender.report/lender/hills-bank-and-trust-ia/multifamily/) | Bank | Hills, IA | 102 | $115M | 55 | | [Fidelity Bank & Trust](https://lender.report/lender/fidelity-bank-and-trust-ia/) [multifamily record](https://lender.report/lender/fidelity-bank-and-trust-ia/multifamily/) | Bank | Dubuque, IA | 87 | $35.1M | 74 | | [Dutrac Community Credit Union](https://lender.report/lender/dutrac-community-credit-union-ia/) [multifamily record](https://lender.report/lender/dutrac-community-credit-union-ia/multifamily/) | Credit union | Dubuque, IA | 43 | $12.0M | 52 | | [Luana Savings Bank](https://lender.report/lender/luana-savings-bank-ia/) [multifamily record](https://lender.report/lender/luana-savings-bank-ia/multifamily/) | Bank | Luana, IA | 32 | $50.8M | 35 | | [Bank Iowa](https://lender.report/lender/bank-iowa-ia/) [multifamily record](https://lender.report/lender/bank-iowa-ia/multifamily/) | Bank | West Des Moines, IA | 31 | $79.3M | 33 | | [Availa Bank](https://lender.report/lender/availa-bank-ia/) [multifamily record](https://lender.report/lender/availa-bank-ia/multifamily/) | Bank | Carroll, IA | 27 | $17.5M | 18 | | [Farmers State Bank](https://lender.report/lender/farmers-state-bank-ia-waterloo/) [multifamily record](https://lender.report/lender/farmers-state-bank-ia-waterloo/multifamily/) | Bank | Waterloo, IA | 25 | $28.9M | 21 | | [First National Bank, Ames, Iowa](https://lender.report/lender/first-national-bank-ames-iowa-ia/) [multifamily record](https://lender.report/lender/first-national-bank-ames-iowa-ia/multifamily/) | Bank | Ames, IA | 25 | $36.3M | 17 | | [Cedar Rapids Bank and Trust Company](https://lender.report/lender/cedar-rapids-bank-and-trust-ia/) [multifamily record](https://lender.report/lender/cedar-rapids-bank-and-trust-ia/multifamily/) | Bank | Cedar Rapids, IA | 24 | $44.0M | 23 | | [United Bank of Iowa](https://lender.report/lender/united-bank-of-iowa-ia/) [multifamily record](https://lender.report/lender/united-bank-of-iowa-ia/multifamily/) | Bank | Ida Grove, IA | 21 | $3.73M | 27 | | [Houghton State Bank](https://lender.report/lender/houghton-state-bank-ia/) [multifamily record](https://lender.report/lender/houghton-state-bank-ia/multifamily/) | Bank | Red Oak, IA | 20 | $1.21M | 2 | | [Midstates Bank, National Association](https://lender.report/lender/midstates-bank-ia/) [multifamily record](https://lender.report/lender/midstates-bank-ia/multifamily/) | Bank | Council Bluffs, IA | 19 | $6.95M | 19 | | [Ohnward Bank & Trust](https://lender.report/lender/ohnward-bank-and-trust-ia/) [multifamily record](https://lender.report/lender/ohnward-bank-and-trust-ia/multifamily/) | Bank | Cascade, IA | 19 | $2.96M | 12 | | [Primebank](https://lender.report/lender/primebank-ia/) [multifamily record](https://lender.report/lender/primebank-ia/multifamily/) | Bank | Le Mars, IA | 18 | $10.8M | 8 | | [Peoples Bank](https://lender.report/lender/peoples-bank-ia-rock-valley/) [multifamily record](https://lender.report/lender/peoples-bank-ia-rock-valley/multifamily/) | Bank | Rock Valley, IA | 18 | $4.36M | 7 | | [First Bank](https://lender.report/lender/first-bank-ia/) [multifamily record](https://lender.report/lender/first-bank-ia/multifamily/) | Bank | Waverly, IA | 17 | $7.18M | 14 | | [First Central State Bank](https://lender.report/lender/first-central-state-bank-ia/) [multifamily record](https://lender.report/lender/first-central-state-bank-ia/multifamily/) | Bank | Dewitt, IA | 17 | $7.17M | 13 | | [Central Bank](https://lender.report/lender/central-bank-ia/) [multifamily record](https://lender.report/lender/central-bank-ia/multifamily/) | Bank | Storm Lake, IA | 16 | $47.6M | 15 | | [Midwest Heritage Bank, FSB](https://lender.report/lender/midwest-heritage-bank-ia/) [multifamily record](https://lender.report/lender/midwest-heritage-bank-ia/multifamily/) | Savings | West Des Moines, IA | 15 | $6.54M | 24 | | [West Bank](https://lender.report/lender/west-bank-ia/) [multifamily record](https://lender.report/lender/west-bank-ia/multifamily/) | Bank | West Des Moines, IA | 15 | $43.0M | 8 | | [BankIowa](https://lender.report/lender/bankiowa-ia/) [multifamily record](https://lender.report/lender/bankiowa-ia/multifamily/) | Bank | Cedar Rapids, IA | 14 | $26.1M | 13 | | [American State Bank](https://lender.report/lender/american-state-bank-ia-sioux-center/) [multifamily record](https://lender.report/lender/american-state-bank-ia-sioux-center/multifamily/) | Bank | Sioux Center, IA | 13 | $9.29M | 17 | | [Premier Bank](https://lender.report/lender/premier-bank-ia-dubuque/) [multifamily record](https://lender.report/lender/premier-bank-ia-dubuque/multifamily/) | Bank | Dubuque, IA | 13 | $6.21M | 10 | | [Raccoon Valley Bank](https://lender.report/lender/raccoon-valley-bank-ia/) [multifamily record](https://lender.report/lender/raccoon-valley-bank-ia/multifamily/) | Bank | Perry, IA | 12 | $23.8M | 22 | | [Community State Bank](https://lender.report/lender/community-state-bank-ia-ankeny/) [multifamily record](https://lender.report/lender/community-state-bank-ia-ankeny/multifamily/) | Bank | Ankeny, IA | 12 | $86.7M | 5 | HMDA, 2025 [See all 185 multifamily lenders in Iowa in Loan Comps](https://lender.report/comps/?lane=multifamily&state=IA) - Lenders made 1,091 multifamily loans totaling $1.9B in Iowa in 2025, up from 912 loans totaling $1.2B in 2024. HMDA, 2025 - 79 of these loans (2024 and 2025) were made by lenders that have since merged or closed, or that the file lists under a name with no lender record here. They are counted in the totals here and appear in no lender's row. HMDA, 2025 - Banks and savings institutions made 912 of the 2025 loans, credit unions 87, and non-banks 50. HMDA, 2025 - The five most active lenders made 27.0% of Iowa's multifamily loans in 2025. HMDA, 2025 - Greystone Servicing Corporation, Inc. made the most multifamily dollars in Iowa in 2025, at $144.4M. HMDA, 2025 - 99 of these lenders are based in Iowa. HMDA, 2025 - 46 lenders made a loan in Iowa in 2025 and none in 2024. HMDA, 2025 - 30 lenders made 10 or more loans in Iowa in 2025. HMDA, 2025 - The typical multifamily loan in Iowa was about $280K, with the middle half between $100K and $920K. HMDA, 2025 - Lenders reported a median rate of 6.95% on 1,011 loans in Iowa, with the middle half between 6.25% and 7.50%. HMDA, 2025 - The median term in Iowa was 5 years. HMDA, 2025 - 33% of multifamily loans in Iowa were refinancings. HMDA, 2025 - Most recorded loans in Iowa were in Polk County, IA (253), Dubuque County, IA (216), Linn County, IA (162). HMDA, 2025 ## How this list is defined **Measure** Multifamily loans made in Iowa **Period** 2024 and 2025 **Formula** Count, by lender, of HMDA records for multifamily dwellings of 5 or more units placed in Iowa, manufactured-home parks excluded. A lender is listed if it made at least one. **Order** Largest first by loans made in 2025, then loans in 2024, then dollars in 2025, then name. Payment is not part of the order. **As of** 2025 **Source** [HMDA](https://ffiec.cfpb.gov/data-browser/) **Data** [JSON version of this list](https://lender.report/rankings/multifamily-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. Multifamily loans finance buildings with five or more homes. HMDA is the one public file that lists them loan by loan. HMDA covers dwelling-secured loans. Amounts are the midpoints of $10,000 bands, and each loan has a year, never a date. Each lender is counted only where the public file places the loan. 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](https://lender.report/report/) 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.