DSCR Loans in 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)
Dominick Prevete arranges DSCR loans across 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. In 2025 HMDA data, 349 lenders made 5,822 investment-property loans in Iowa; the most active are in the table below, and 9 counties have their own page.
Iowa investor market at a glance
| Statistic | Iowa | National | State rank |
|---|---|---|---|
| Investor loans | 5,822 | 553,332 | 32nd of 51 |
| Reporting lenders | 349 | 4,120 | 29th of 51 |
| Loan volume | $896.7M | $190.57B | 36th of 51 |
| Average loan | $154K | $344K | 50th of 51 |
| Median loan | $125K | — | 49th of 51 |
| Purchases | 63.1% | 59.2% | 15th of 51 |
| Cash-out refinances | 5.5% | 18.8% | 51st of 51 |
| 2–4 unit properties | 23.2% | 17.3% | 15th of 51 |
| Top five lenders' share | 19.8% | 21.9% | 35th of 51 |
| Reported business-purpose | 47.3% | 70.8% | 50th of 51 |
Iowa: closed-end loans on 1–4 unit investment properties. Rank is highest first among the 50 states and DC. The national figures are totals for loans and volume, distinct filers for lenders, and loan-weighted averages for every share; a median does not combine across states.
What stands out in Iowa
5.5% of Iowa's investor loans were cash-out refinances, the lowest share of the 50 states and DC (national figure: 18.8%).
When investors here do take cash out, the DSCR cash-out refinances Dominick arranges require no seasoning.
47.3% of Iowa's investor loans were reported as business-purpose, the 2nd-lowest share of the 50 states and DC (national figure: 70.8%).
Fewer investor loans here were reported as business-purpose than in most of the 50 states and DC. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
The average investor loan in Iowa was $154K, the 2nd-lowest average of the 50 states and DC (national figure: $344K).
Loans here run small. DSCR loans Dominick arranges start at $75,000.
Who are the DSCR and investment-property lenders in Iowa?
The most active investment-property lenders in Iowa in 2025 HMDA data were Hills Bank and Trust Company, GREENSTATE Credit Union and Availa Bank, out of 349 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 several that reported in Iowa, and matches each file to the one most likely to fund it.
Every year, lenders report their originations under the Home Mortgage Disclosure Act. We filtered Iowa's 2025 filings to closed-end loans on 1–4 unit investment properties: 5,822 loans totaling $0.90B across 349 lenders. These were the most active.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Hills Bank and Trust Company | 387 | $75.4M | $195K | 79.6% |
| GREENSTATE Credit Union | 283 | $46.1M | $163K | 85.2% |
| Availa Bank | 196 | $21.3M | $109K | 41.3% |
| VERIDIAN CREDIT UNION | 147 | $21.5M | $146K | 68.0% |
| Bank Iowa | 139 | $17.3M | $124K | 73.4% |
| BankIowa of Cedar Rapids | 116 | $11.6M | $100K | 85.3% |
| Northwest Bank | 102 | $14.8M | $145K | 65.7% |
| First State Bank | 99 | $9.0M | $91K | 43.4% |
| Fidelity Bank & Trust | 98 | $15.9M | $162K | 50.0% |
| Community Choice Credit Union | 96 | $15.5M | $162K | 45.8% |
| Central Bank | 90 | $18.1M | $201K | 43.3% |
| CBI Bank & Trust | 84 | $10.8M | $129K | 59.5% |
| Blue Grass Savings Bank | 82 | $10.2M | $124K | 48.8% |
| Raccoon Valley Bank | 81 | $13.6M | $168K | 69.1% |
| Glenwood State Bank | 81 | $11.7M | $145K | 59.3% |
| Primebank | 81 | $11.1M | $137K | 74.1% |
| DUPACO COMMUNITY | 77 | $12.5M | $162K | 68.8% |
| MidWestOne Bank | 73 | $8.9M | $122K | 71.2% |
| Washington State Bank | 72 | $9.3M | $130K | 73.6% |
| Community State Bank | 65 | $15.3M | $235K | 60.0% |
| First Central State Bank | 65 | $7.1M | $109K | 53.8% |
| First Bank | 63 | $8.9M | $141K | 65.1% |
| Peoples Bank | 62 | $12.2M | $196K | 62.9% |
| Midstates Bank, National Association | 61 | $8.5M | $140K | 73.8% |
| ASCENTRA Credit Union | 60 | $6.8M | $114K | 38.3% |
Source: 2025 HMDA loan-level data (CFPB/FFIEC Data Browser), retrieved November 11, 2026. Updated annually. See how this data is built or download the full dataset (CSV) — all 349 reporting lenders with every underlying figure. Researching the market rather than financing a property? The Iowa lending data page covers this table on its own.
What this table can't show you: fit. HMDA exempts short-term financing, so fix-and-flip and bridge lenders barely appear here — and no federal dataset knows which lender's 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.
DSCR loans by county in Iowa
Each county page compares the county's 2025 HMDA investor-lending figures with Iowa's and names its most active lenders. Counties are listed by investor loan count.
9 Iowa counties have their own page so far.
- Polk County870 loans
- Linn County519 loans
- Scott County504 loans
- Black Hawk County393 loans
- Pottawattamie County311 loans
- Woodbury County299 loans
- Johnson County273 loans
- Dallas County233 loans
- Dubuque County (fewer than 25 reporting lenders in 2025)145 loans
- Story County141 loans
- Warren County (fewer than 100 investor loans in 2025)85 loans
- Muscatine County (fewer than 100 investor loans in 2025)81 loans
- Clinton County (fewer than 100 investor loans in 2025)77 loans
- Wapello County (fewer than 100 investor loans in 2025)76 loans
- Webster County (fewer than 100 investor loans in 2025)76 loans
- Dickinson County (fewer than 100 investor loans in 2025)60 loans
- Jasper County (fewer than 100 investor loans in 2025)59 loans
- Marshall County (fewer than 100 investor loans in 2025)58 loans
- Washington County (fewer than 100 investor loans in 2025)56 loans
- Sioux County (fewer than 100 investor loans in 2025)53 loans
- Benton County (fewer than 100 investor loans in 2025)49 loans
- Bremer County (fewer than 100 investor loans in 2025)47 loans
- Cerro Gordo County (fewer than 100 investor loans in 2025)44 loans
- Buchanan County (fewer than 100 investor loans in 2025)42 loans
- Crawford County (fewer than 100 investor loans in 2025)38 loans
- Boone County (fewer than 100 investor loans in 2025)37 loans
- Grundy County (fewer than 100 investor loans in 2025)37 loans
- Hardin County (fewer than 100 investor loans in 2025)37 loans
- Mills County (fewer than 100 investor loans in 2025)37 loans
- Mahaska County (fewer than 100 investor loans in 2025)36 loans
- Marion County (fewer than 100 investor loans in 2025)35 loans
- Poweshiek County (fewer than 100 investor loans in 2025)35 loans
- Des Moines County (fewer than 100 investor loans in 2025)34 loans
- Clayton County (fewer than 100 investor loans in 2025)32 loans
- Shelby County (fewer than 100 investor loans in 2025)32 loans
- Jefferson County (fewer than 100 investor loans in 2025)31 loans
- Buena Vista County (fewer than 100 investor loans in 2025)29 loans
- Jones County (fewer than 100 investor loans in 2025)29 loans
- Page County (fewer than 100 investor loans in 2025)29 loans
- Guthrie County (fewer than 100 investor loans in 2025)27 loans
- Fayette County (fewer than 100 investor loans in 2025)25 loans
- Lee County (fewer than 100 investor loans in 2025)25 loans
- Montgomery County (fewer than 100 investor loans in 2025)25 loans
- Plymouth County (fewer than 100 investor loans in 2025)25 loans
- Hamilton County (fewer than 100 investor loans in 2025)24 loans
- Madison County (fewer than 100 investor loans in 2025)24 loans
- Cedar County (fewer than 100 investor loans in 2025)23 loans
- Delaware County (fewer than 100 investor loans in 2025)21 loans
- Harrison County (fewer than 100 investor loans in 2025)21 loans
- Wright County (fewer than 100 investor loans in 2025)21 loans
- Carroll County (fewer than 100 investor loans in 2025)20 loans
- Chickasaw County (fewer than 100 investor loans in 2025)20 loans
- Greene County (fewer than 100 investor loans in 2025)18 loans
- Fremont County (fewer than 100 investor loans in 2025)17 loans
- Tama County (fewer than 100 investor loans in 2025)17 loans
- Cass County (fewer than 100 investor loans in 2025)16 loans
- Allamakee County (fewer than 100 investor loans in 2025)15 loans
- Jackson County (fewer than 100 investor loans in 2025)15 loans
- O'Brien County (fewer than 100 investor loans in 2025)15 loans
- Butler County (fewer than 100 investor loans in 2025)13 loans
- Cherokee County (fewer than 100 investor loans in 2025)13 loans
- Clarke County (fewer than 100 investor loans in 2025)13 loans
- Iowa County (fewer than 100 investor loans in 2025)13 loans
- Union County (fewer than 100 investor loans in 2025)13 loans
- Calhoun County (fewer than 100 investor loans in 2025)12 loans
- Winneshiek County (fewer than 100 investor loans in 2025)12 loans
- Lyon County (fewer than 100 investor loans in 2025)11 loans
- Sac County (fewer than 100 investor loans in 2025)11 loans
- Appanoose County (fewer than 100 investor loans in 2025)10 loans
- Clay County (fewer than 100 investor loans in 2025)10 loans
- Humboldt County (fewer than 100 investor loans in 2025)10 loans
- Louisa County (fewer than 100 investor loans in 2025)10 loans
- Monona County (fewer than 100 investor loans in 2025)10 loans
- Lucas County (fewer than 100 investor loans in 2025)9 loans
- Adair County (fewer than 100 investor loans in 2025)8 loans
- Decatur County (fewer than 100 investor loans in 2025)8 loans
- Howard County (fewer than 100 investor loans in 2025)8 loans
- Ringgold County (fewer than 100 investor loans in 2025)8 loans
- Mitchell County (fewer than 100 investor loans in 2025)7 loans
- Emmet County (fewer than 100 investor loans in 2025)6 loans
- Floyd County (fewer than 100 investor loans in 2025)6 loans
- Franklin County (fewer than 100 investor loans in 2025)6 loans
- Hancock County (fewer than 100 investor loans in 2025)6 loans
- Henry County (fewer than 100 investor loans in 2025)6 loans
- Ida County (fewer than 100 investor loans in 2025)6 loans
- Keokuk County (fewer than 100 investor loans in 2025)6 loans
- Palo Alto County (fewer than 100 investor loans in 2025)6 loans
- Osceola County (fewer than 100 investor loans in 2025)5 loans
- Adams County (fewer than 100 investor loans in 2025)4 loans
- Audubon County (fewer than 100 investor loans in 2025)4 loans
- Davis County (fewer than 100 investor loans in 2025)4 loans
- Monroe County (fewer than 100 investor loans in 2025)4 loans
- Pocahontas County (fewer than 100 investor loans in 2025)4 loans
- Taylor County (fewer than 100 investor loans in 2025)4 loans
- Winnebago County (fewer than 100 investor loans in 2025)4 loans
- Worth County (fewer than 100 investor loans in 2025)4 loans
- Kossuth County (fewer than 100 investor loans in 2025)2 loans
- Van Buren County (fewer than 100 investor loans in 2025)2 loans
- Wayne County (fewer than 100 investor loans in 2025)1 loans
Run the coverage test on your Iowa deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter an 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 — Iowa's at-a-glance figures, its rank among the 50 states and DC, its observations and the Quick Read's 349 lenders and 5,822 loans: 2025 HMDA loan-level data.
- Iowa investor-lender dataset (CSV) — Every Iowa lender behind the table above, with volume, average loan and purchase share for each.
- Iowa investor lending data, Dominick Prevete — The Iowa table on its own, with the state's concentration figures and the method behind them.
- 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.