DSCR Loans in Black Hawk County, Iowa
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 44 lenders made 393 investment-property loans in Black Hawk County, 6.8% of Iowa's total. Dominick Prevete arranges DSCR loans across Black Hawk County, Iowa, qualified on the property's rent, not your tax returns. DSCR rental loans start from 7.25% (November 2026), and most close in 14 days. At HUD's fair market rent, a three-bedroom rental there covers its full payment up to a price of about $195,000.
Black Hawk County investor market at a glance
| Statistic | Black Hawk County | Iowa | County rank |
|---|---|---|---|
| Investor loans | 393 | 5,822 | 4th of 9 |
| Reporting lenders | 44 | 349 | 8th of 9 |
| Loan volume | $56.8M | $896.7M | 5th of 9 |
| Average loan | $144K | $154K | 6th of 9 |
| Median loan | $105K | $125K | 8th of 9 |
| Purchases | 66.4% | 63.1% | 5th of 9 |
| Cash-out refinances | 7.1% | 5.5% | 3rd of 9 |
| 2–4 unit properties | 26.5% | 23.2% | 4th of 9 |
| Top five lenders' share | 64.9% | 19.8% | 2nd of 9 |
| Reported business-purpose | 46.6% | 47.3% | 6th of 9 |
Black Hawk County: closed-end loans on 1–4 unit investment properties. Black Hawk County's rank is highest first, among Iowa's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Black Hawk County's investor loans.
What stands out in Black Hawk County
The median investor loan in Black Hawk County was $105K, the lowest median of Iowa's 9 counties with published data (statewide: $125K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
The five most active lenders wrote 64.9% of Black Hawk County's investor loans, the 2nd-highest share of Iowa's 9 counties with published data (statewide: 19.8%).
Five lenders write 64.9% of the loans here, so comparing written term sheets matters more.
Does a DSCR loan pencil in Black Hawk County?
At HUD's fair market rent of $1,401 for a 3-bedroom in Black Hawk County, Iowa, a rental covers its full DSCR payment up to a purchase price of about $195,000, with 20% down at the 7.25% starting rate (November 2026). Black Hawk County's median home value is $188,900; at that price the payment is $1,346 a month, so the property would need $1,350 in rent to cover it.
At that price, the rent covers the full payment, which is the test a standard DSCR loan qualifies on.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,096 / $1,401 / $1,832 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $188,900 |
| Median property taxes and effective rate | $2,842 (1.50% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,346 |
| Rent needed to cover that payment | $1,350 |
| Coverage of a 3-bedroom at fair market rent | 1.04 |
| Highest price a 3-bedroom at fair market rent covers | about $195,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $305,000 |
Fair market rent is HUD's 40th-percentile gross rent, including utilities; a property's appraised market rent can be higher or lower. Payment uses 20% down, a 30-year amortization at the published DSCR starting rate, the county's median effective property-tax rate and insurance at 0.50% of value. Purchase leverage goes up to 85% on qualifying files. This is an illustration, not a term sheet or an offer of credit.
Price your actual deal →Run Black Hawk County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Black Hawk County?
The most active investment-property lenders in Black Hawk County in 2025 HMDA data were BankIowa of Cedar Rapids, VERIDIAN CREDIT UNION and CEDAR FALLS COMMUNITY CREDIT UNION, out of 44 lenders that reported. HMDA doesn't flag which loans were DSCR loans, so this list mixes DSCR and conventional investment-property lenders. Dominick Prevete places DSCR loans across 100+ lenders and matches each file to the one most likely to fund it.
Black Hawk County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 393 loans and $56.8M from 44 lenders. BankIowa of Cedar Rapids led Black Hawk County with 73 loans, 18.6% of the county's total, and the average Black Hawk County loan of $144K compares with $154K across Iowa.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| BankIowa of Cedar Rapids | 73 | $6.9M | $94K | 87.7% |
| VERIDIAN CREDIT UNION | 58 | $7.8M | $134K | 53.4% |
| CEDAR FALLS COMMUNITY CREDIT UNION | 49 | $8.2M | $168K | 10.2% |
| First Bank | 44 | $6.8M | $156K | 65.9% |
| Hills Bank and Trust Company | 31 | $6.8M | $219K | 100.0% |
| Farmers State Bank | 24 | $3.5M | $148K | 75.0% |
| GREENSTATE Credit Union | 16 | $1.8M | $113K | 93.8% |
| Lincoln Savings Bank | 12 | $1.3M | $111K | 83.3% |
| PEOPLES SAVINGS BANK | 11 | $0.8M | $75K | 81.8% |
| DENVER SAVINGS BANK | 10 | $1.3M | $131K | 70.0% |
| Fidelity Bank & Trust | 6 | $1.3M | $210K | 16.7% |
| GNB BANK | 5 | $0.7M | $143K | 60.0% |
| DUPACO COMMUNITY | 5 | $0.7M | $131K | 40.0% |
| Cedar Valley Bank & Trust | 5 | $0.2M | $37K | 40.0% |
| MEMBERS1st Community Credit Union | 4 | $0.5M | $118K | 100.0% |
| GUARANTEED RATE, INC. | 4 | $0.3M | $78K | 100.0% |
| Ohnward Bank & Trust | 3 | $0.2M | $82K | 100.0% |
| CENTRAL STATE BANK | 2 | $1.0M | $485K | 50.0% |
| Midwest Bank | 2 | $0.9M | $440K | 100.0% |
| WEST GATE BANK | 2 | $0.6M | $300K | 50.0% |
| First Interstate Bank | 2 | $0.6M | $280K | 100.0% |
| BPL MORTGAGE TRUST, LLC | 2 | $0.1M | $75K | 100.0% |
| 21st Mortgage Corporation | 2 | $0.1M | $65K | 100.0% |
| Home State Bank | 1 | $0.8M | $845K | 100.0% |
| CBI Bank & Trust | 1 | $0.4M | $405K | 100.0% |
50 Iowa loans (0.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Black Hawk County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Black Hawk County CSV, all 25 lenders
What Black Hawk County's table can't show you: fit. Short-term financing is exempt from HMDA, so Black Hawk County's fix-and-flip and bridge lenders barely appear among its 44 filers, and none of the 25 names above tells you whose guidelines match your deal, your entity, or your timeline. That's the job. Dominick Prevete structures your file and places it across 100+ lenders so it lands with the one most likely to fund it.
Price your loan →Dominick Prevete places loans with some of the lenders listed here through wholesale relationships, and is paid when a loan he arranges closes. Appearing in this table is not an endorsement or a recommendation.
Counties near Black Hawk County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Black Hawk County |
|---|---|---|---|
| Linn County, IA | 519 | 63 | About 45 miles away |
| Story County, IA | 141 | 61 | About 65 miles away |
| Johnson County, IA | 273 | 49 | About 65 miles away |
| Polk County, IA | 870 | 128 | About 85 miles away |
| Dallas County, IA | 233 | 71 | About 105 miles away |
Run the coverage test on your Black Hawk County, Iowa deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Black Hawk County, Iowa property's rent, loan, taxes and insurance to see where it lands.
Principal and interest on a thirty-year amortization, plus taxes, insurance and HOA.
Enter the rent, loan amount, rate, taxes and insurance to see the coverage ratio.
Sources
- CFPB / FFIEC HMDA Data Browser — Black Hawk County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 44 lenders and 393 loans: 2025 HMDA loan-level data rolled up to Black Hawk County.
- Black Hawk County investor-lender dataset (CSV) — All 25 lenders in the Black Hawk County, Iowa table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Black Hawk County's 2-, 3- and 4-bedroom fair market rents in the rent math, and the 3-bedroom rent its highest-price figure uses: HUD's FY2027 figures for the Waterloo-Cedar Falls, IA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Black Hawk County's median home value (B25077) and median property taxes paid (B25103) in the rent math, from the Census 2020–2024 ACS 5-year summary files.
- DSCR loan rates, Dominick Prevete — DSCR rental loans start from 7.25%, as of November 2026: the Instant Term Sheet's best-case scenario on the current rate sheets.