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investment property lenders · HMDA 2023–2025

Investment property lenders in Iowa

Fat Boy Data analyzed investment property mortgage activity in Iowa to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 7,624 applications were decided by 363 lenders between 2023 and 2025.

Iowa at a glance

363Active lenders80 with 20+ decisions
96.0%Market approval rate7,317 of 7,624 decided
$135KTypical loanmedian lender, $10K brackets
97%Borrower take-up7,069 loans funded

How Iowa compares

Approval rate compared
Iowa96.0%All 616 counties87.5%
Typical loan compared
Iowa$135KAll 616 counties$255K

What the data shows

Hills Bank and Trust Company made the most investment property mortgages in Iowa, 1,176 of them.

Community State Bank approved the highest share of applications among lenders with at least 20 decisions here, 100% of 155.

Lenders approved 96.0% of investment property mortgage applications in Iowa, 8.4 percentage points above the the United States rate of 87.5%.

The typical investment property mortgage here is $135K, 47% smaller than the the United States typical of $255K.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%21St Mortgage Corporation: 67% approved of 85Wells Fargo Bank, National Association: 83% approved of 35Kiavi Funding, Inc.: 83% approved of 30First Interstate Bank: 84% approved of 38U.S. Bank National Association: 87% approved of 76United Wholesale Mortgage, LLC: 88% approved of 59MidWestOne Bank: 93% approved of 44Iowa Bankers Mortgage Corporation: 93% approved of 151Dhi Mortgage Company, Ltd.: 94% approved of 123Lower, LLC: 94% approved of 35GREENSTATE Credit Union: 96% approved of 645First Central State Bank: 96% approved of 46Central Bank: 96% approved of 93Dupaco Community: 96% approved of 48Collins Community Credit Union: 96% approved of 100Midwest Heritage Bank, FSB: 96% approved of 50New American Funding, LLC: 96% approved of 27Veridian Credit Union: 96% approved of 244Farmers State Bank: 97% approved of 88The Security National Bank of Sioux City, Iowa: 97% approved of 59Availa Bank: 97% approved of 66Guaranteed Rate, Inc.: 97% approved of 35Financial Plus Credit Union: 97% approved of 37Raccoon Valley Bank: 97% approved of 119Bankorion: 98% approved of 87Community Choice Credit Union: 98% approved of 88Home State Bank: 98% approved of 50Blackhawk Bank & Trust: 98% approved of 50Quad City Bank And Trust Company: 98% approved of 51Bank Iowa: 98% approved of 57Community Savings Bank: 98% approved of 59State Savings Bank: 98% approved of 59Fidelity Bank: 98% approved of 59Midstates Bank, National Association: 99% approved of 75CBI Bank & Trust: 99% approved of 84Luana Savings Bank: 99% approved of 110Hills Bank and Trust Company: 99% approved of 1,275Primebank: 99% approved of 129Community State Bank: 100% approved of 155BankIowa: 100% approved of 145Blue Grass Savings Bank: 100% approved of 117Northwest Bank: 100% approved of 115Farmers State Bank: 100% approved of 91Lincoln Savings Bank: 100% approved of 88Ruhl Mortgage, LLC: 100% approved of 72First Bank: 100% approved of 71Ohnward Bank & Trust: 100% approved of 63Peoples Bank: 100% approved of 58Mount Vernon Bank and Trust Company: 100% approved of 48Washington State Bank: 100% approved of 47Cedar Rapids Bank And Trust Company: 100% approved of 46I. H. Mississippi Valley Credit Union: 100% approved of 46Ascentra Credit Union: 100% approved of 42Hiawatha Bank and Trust Company: 100% approved of 38First National Bank, Ames, Iowa: 100% approved of 37Contract Exchange Corporation: 100% approved of 33Fortress Bank: 100% approved of 33Trubank: 100% approved of 32First State Bank: 100% approved of 29Cedar Falls Community Credit Union: 100% approved of 28

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Investment property lenders in Iowa

LenderApprovalApprovedTaken upTypical loanLoans made
1Hills Bank and Trust Company99%1,264 / 1,27593%$135K1,176
2GREENSTATE Credit Union96%616 / 64599%$145K607
3Veridian Credit Union96%235 / 24496%$115K225
4Community State Bank100%155 / 15599%$315K153
5Iowa Bankers Mortgage Corporation93%141 / 15199%$155K139

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 358 more lenders.

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You are seeing the 5 largest investment property mortgage lenders in Iowa. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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Other lending data for Iowa

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Counties in Iowa

Polk CountyCountyLinn CountyCountyScott CountyCountyJohnson CountyCountyBlack Hawk CountyCountyWoodbury CountyCountyDallas CountyCounty