DSCR Loans in Dallas County, Iowa
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
LinkedIn35 closed transactionsNLPI LLC, NJ entity ID 0451062247 (verify on the NJ business search)
In 2025 HMDA data, 71 lenders made 233 investment-property loans in Dallas County, 4.0% of Iowa's total. Dominick Prevete arranges DSCR loans across Dallas 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 $260,000.
Dallas County investor market at a glance
| Statistic | Dallas County | Iowa | County rank |
|---|---|---|---|
| Investor loans | 233 | 5,822 | 8th of 9 |
| Reporting lenders | 71 | 349 | 2nd of 9 |
| Loan volume | $55.8M | $896.7M | 6th of 9 |
| Average loan | $240K | $154K | 2nd of 9 |
| Median loan | $195K | $125K | 1st of 9 |
| Purchases | 76.8% | 63.1% | 1st of 9 |
| Cash-out refinances | 2.6% | 5.5% | 8th of 9 |
| 2–4 unit properties | 8.6% | 23.2% | 9th of 9 |
| Top five lenders' share | 40.8% | 19.8% | 7th of 9 |
| Reported business-purpose | 57.1% | 47.3% | 3rd of 9 |
Dallas County: closed-end loans on 1–4 unit investment properties. Dallas County's rank is highest first, among Iowa's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Dallas County's investor loans.
What stands out in Dallas County
8.6% of Dallas County's investor loans financed a 2–4 unit property, the lowest share of Iowa's 9 counties with published data (statewide: 23.2%).
Single-family rentals dominate here. A DSCR loan qualifies a single-family rental on its market rent, not your income.
The median investor loan in Dallas County was $195K, the highest median of Iowa's 9 counties with published data (statewide: $125K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
76.8% of Dallas County's investor loans were purchases, the highest share of Iowa's 9 counties with published data (statewide: 63.1%).
Most investor loans here are purchases. A DSCR purchase qualifies on the property's rent, so you can get written terms before you make an offer with the Instant Term Sheet.
Does a DSCR loan pencil in Dallas County?
At HUD's fair market rent of $1,856 for a 3-bedroom in Dallas County, Iowa, a rental covers its full DSCR payment up to a purchase price of about $260,000, with 20% down at the 7.25% starting rate (November 2026). Dallas County's median home value is $355,600; at that price the payment is $2,506 a month, so the property would need $2,525 in rent to cover it.
Coverage under 1.00 doesn't end the deal: the DSCR programs Dominick arranges go down to no-ratio, priced for the lower coverage, and a lower price or a larger down payment raises the ratio.
| HUD fair market rent, 2 / 3 / 4 bedroom (FY2027) | $1,360 / $1,856 / $1,901 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $355,600 |
| Median property taxes and effective rate | $5,001 (1.41% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,506 |
| Rent needed to cover that payment | $2,525 |
| Coverage of a 3-bedroom at fair market rent | 0.74 |
| Highest price a 3-bedroom at fair market rent covers | about $260,000 |
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 Dallas County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Dallas County?
The most active investment-property lenders in Dallas County in 2025 HMDA data were DHI MORTGAGE COMPANY, LTD.; GREENSTATE Credit Union; and Raccoon Valley Bank, out of 71 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, including one that reported in Dallas County, and matches each file to the one most likely to fund it.
Dallas County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 233 loans and $55.8M from 71 lenders. DHI MORTGAGE COMPANY, LTD. led Dallas County with 25 loans, 10.7% of the county's total, and the average Dallas County loan of $240K compares with $154K across Iowa.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | 25 | $5.0M | $200K | 100.0% |
| GREENSTATE Credit Union | 23 | $4.6M | $201K | 95.7% |
| Raccoon Valley Bank | 19 | $4.8M | $255K | 73.7% |
| Community Choice Credit Union | 15 | $2.9M | $193K | 93.3% |
| Central Bank | 13 | $4.0M | $305K | 15.4% |
| Community State Bank | 9 | $3.1M | $343K | 100.0% |
| IOWA BANKERS MORTGAGE CORPORATION | 9 | $1.9M | $215K | 100.0% |
| Luana Savings Bank | 8 | $1.4M | $175K | 100.0% |
| VERIDIAN CREDIT UNION | 7 | $2.2M | $308K | 71.4% |
| Midwest Heritage Bank, FSB | 6 | $2.1M | $358K | 100.0% |
| Northwest Bank | 6 | $1.2M | $205K | 0.0% |
| Charter Bank | 5 | $1.3M | $253K | 20.0% |
| WEST GATE BANK | 5 | $1.2M | $245K | 60.0% |
| Fidelity Bank | 4 | $1.0M | $243K | 25.0% |
| United Wholesale Mortgage | 4 | $0.7M | $180K | 100.0% |
| First State Bank | 4 | $0.3M | $65K | 50.0% |
| U.S. Bank National Association | 3 | $0.5M | $168K | 100.0% |
| Earlham Savings Bank | 3 | $0.3M | $108K | 100.0% |
| Home State Bank | 2 | $1.6M | $800K | 100.0% |
| DUPACO COMMUNITY | 2 | $1.0M | $515K | 50.0% |
| City State Bank | 2 | $0.8M | $390K | 50.0% |
| West Bank | 2 | $0.7M | $350K | 100.0% |
| COMPASS MORTGAGE, INC. | 2 | $0.5M | $250K | 100.0% |
| Union Bank and Trust Company | 2 | $0.5M | $240K | 100.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | 2 | $0.3M | $175K | 0.0% |
50 Iowa loans (0.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Dallas County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Dallas County CSV, all 25 lenders
What Dallas County's table can't show you: fit. Short-term financing is exempt from HMDA, so Dallas County's fix-and-flip and bridge lenders barely appear among its 71 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 — including some on this list — 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 Dallas County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Dallas County |
|---|---|---|---|
| Polk County, IA | 870 | 128 | Borders Dallas County |
| Story County, IA | 141 | 61 | About 40 miles away |
| Pottawattamie County, IA | 311 | 61 | About 80 miles away |
| Black Hawk County, IA | 393 | 44 | About 105 miles away |
Run the coverage test on your Dallas County, Iowa deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Dallas 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 — Dallas County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 71 lenders and 233 loans: 2025 HMDA loan-level data rolled up to Dallas County.
- Dallas County investor-lender dataset (CSV) — All 25 lenders in the Dallas County, Iowa table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Dallas 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 Des Moines-West Des Moines, IA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Dallas 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.