Multifamily · IA

Multifamily lenders in Waterloo, IA, by loan size

24 lenders made multifamily loans in the Waterloo, IA metro area in 2024 and 2025. 19 made a loan under $1M, 3 made one of $5M or more, and 1 made only loans of $5M or more.

Evidence: Multifamily loans placed in the Waterloo, IA metro area, HMDA
Data as of: HMDA 2025
Page last changed: November 11, 2026

Lenders on record: 24; HMDA, 2025
Loans under $1M: 101; HMDA, 2025; 19 lenders
Loans $1M to $5M: 25; HMDA, 2025; 13 lenders
Loans $5M or more: 5; HMDA, 2025; 3 lenders

Cite this

Source: The Lender Report, Multifamily lenders in Waterloo, IA, by loan size, https://lender.report/multifamily-lenders/waterloo-ia/, data as of December 31, 2025.

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Waterloo, IA multifamily lenders, by size of loan. Ordered by loans recorded in the place, then dollars, then name. Payment is not part of the order.
Lender	Kind	Based in	Loans	Under $1M	$1M to $2.5M	$2.5M to $5M	$5M to $10M	$10M or more	Refinances
Farmers State Bank multifamily record	Bank	Waterloo, IA	31	28	2	1	0	0	7
Luana Savings Bank multifamily record	Bank	Luana, IA	22	20	2	0	0	0	0
BankIowa multifamily record	Bank	Cedar Rapids, IA	15	9	3	1	2	0	5
First Bank multifamily record	Bank	Waverly, IA	14	12	2	0	0	0	3
Cedar Rapids Bank and Trust Company multifamily record	Bank	Cedar Rapids, IA	7	2	1	2	2	0	1
Denver Savings Bank multifamily record	Bank	Denver, IA	6	5	0	1	0	0	1
First Interstate Bank multifamily record	Bank	Billings, MT	4	3	1	0	0	0	3
Arbor Realty Trust, Inc. multifamily record	Non-bank	Uniondale, NY	3	0	2	1	0	0	3
Bank Iowa multifamily record	Bank	West Des Moines, IA	3	2	0	1	0	0	2
U.S. Bank National Association multifamily record	Bank	Cincinnati, OH	3	2	1	0	0	0	0
Lincoln Savings Bank multifamily record	Bank	Reinbeck, IA	3	3	0	0	0	0	0
Kerndt Brothers Savings Bank multifamily record	Bank	Lansing, IA	2	2	0	0	0	0	0
Veridian Credit Union multifamily record	Credit union	Waterloo, IA	2	2	0	0	0	0	1
CCFBank National Association multifamily record	Bank	Altoona, WI	1	0	0	0	0	1	0
Great Southern Bank multifamily record	Bank	Reeds Spring, MO	1	0	0	1	0	0	0
Platinum Bank multifamily record	Bank	Oakdale, MN	1	0	0	1	0	0	0
Greystone Servicing Corporation, Inc. multifamily record	Non-bank	Memphis, TN	1	0	1	0	0	0	1
Collins Community Credit Union multifamily record	Credit union	Cedar Rapids, IA	1	1	0	0	0	0	0
Northeast Security Bank multifamily record	Bank	Sumner, IA	1	1	0	0	0	0	0
Cedar Valley Bank & Trust multifamily record	Bank	La Porte City, IA	1	1	0	0	0	0	1
Cedar Falls Community Credit Union	Credit union	Cedar Falls, IA	1	1	0	0	0	0	0
Security State Bank	Bank	Sutherland, IA	1	1	0	0	0	0	0
Chelsea Savings Bank multifamily record	Bank	Belle Plaine, IA	1	1	0	0	0	0	0
Green Belt Bank & Trust multifamily record	Bank	Iowa Falls, IA	1	1	0	0	0	0	1

HMDA, 2025

Check a deal in Waterloo, IA in Loan Comps

Sizes are the amounts this site shows, rounded to 2 significant figures. A refinance counts both rate-and-term and cash-out loans.

19 lenders made a multifamily loan under $1M in Waterloo, IA, 9 made one from $1M to $2.5M, and 8 from $2.5M to $5M. HMDA, 2025
2 lenders made a loan from $5M to $10M, and 1 made one of $10M or more. HMDA, 2025
BankIowa made the most loans of $5M or more in Waterloo, IA, with 2. HMDA, 2025
12 lenders made at least one refinancing in Waterloo, IA, and 19 made at least one purchase loan. HMDA, 2025
6 lenders made 5 or more loans in Waterloo, IA, and 11 made exactly one. HMDA, 2025
The typical loan in Waterloo, IA was about $220K, with the middle half between $100K and $900K. HMDA, 2025
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, 2025
23% of the loans were refinancings and 66% were purchases. HMDA, 2025
Banks and savings institutions made 118 of the loans, credit unions 4, and non-banks 4. HMDA, 2025
17 of the 24 lenders are based in Iowa. The rest are based elsewhere, most often in Minnesota, Missouri and Montana. HMDA, 2025

How this list is defined

Measure: Multifamily loans made in the Waterloo, IA metro area, by size
Period: 2024 and 2025
Formula: Count, by lender, of HMDA records for multifamily dwellings placed in the metro area, split into five loan sizes of the amounts as this site shows them, 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: November 12, 2026: 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.