DSCR Loans in Johnson County, Iowa
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 49 lenders made 273 investment-property loans in Johnson County, 4.7% of Iowa's total. Dominick Prevete arranges DSCR loans across Johnson 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 $225,000.
Johnson County investor market at a glance
| Statistic | Johnson County | Iowa | County rank |
|---|---|---|---|
| Investor loans | 273 | 5,822 | 7th of 9 |
| Reporting lenders | 49 | 349 | 7th of 9 |
| Loan volume | $66.1M | $896.7M | 3rd of 9 |
| Average loan | $242K | $154K | 1st of 9 |
| Median loan | $185K | $125K | 2nd of 9 |
| Purchases | 76.6% | 63.1% | 2nd of 9 |
| Cash-out refinances | 4.0% | 5.5% | 5th of 9 |
| 2–4 unit properties | 23.1% | 23.2% | 6th of 9 |
| Top five lenders' share | 70.0% | 19.8% | 1st of 9 |
| Reported business-purpose | 82.8% | 47.3% | 1st of 9 |
Johnson County: closed-end loans on 1–4 unit investment properties. Johnson County's rank is highest first, among Iowa's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Johnson County's investor loans.
What stands out in Johnson County
The average investor loan in Johnson County was $242K, the highest average of Iowa's 9 counties with published data (statewide: $154K).
Loans here run large. Dominick arranges DSCR loans from $75,000 up through jumbo balances.
By share of investor loans reported as business-purpose, Johnson County ranks highest of Iowa's 9 counties with published data (statewide: 47.3%).
82.8% of investor loans here were reported as business-purpose, the only kind of financing Dominick arranges.
The five most active lenders wrote 70.0% of Johnson County's investor loans, the highest share of Iowa's 9 counties with published data (statewide: 19.8%).
Five lenders write 70.0% of the loans here, so comparing written term sheets matters more.
Does a DSCR loan pencil in Johnson County?
At HUD's fair market rent of $1,634 for a 3-bedroom in Johnson County, Iowa, a rental covers its full DSCR payment up to a purchase price of about $225,000, with 20% down at the 7.25% starting rate (November 2026). Johnson County's median home value is $308,600; at that price the payment is $2,203 a month, so the property would need $2,225 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) | $1,180 / $1,634 / $1,972 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $308,600 |
| Median property taxes and effective rate | $4,681 (1.52% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $2,203 |
| Rent needed to cover that payment | $2,225 |
| Coverage of a 3-bedroom at fair market rent | 0.74 |
| Highest price a 3-bedroom at fair market rent covers | about $225,000 |
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 Johnson County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Johnson County?
The most active investment-property lenders in Johnson County in 2025 HMDA data were Hills Bank and Trust Company, GREENSTATE Credit Union and CBI Bank & Trust, out of 49 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.
Johnson County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 273 loans and $66.1M from 49 lenders. Hills Bank and Trust Company led Johnson County with 123 loans, 45.1% of the county's total, and the average Johnson County loan of $242K compares with $154K across Iowa.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Hills Bank and Trust Company | 123 | $31.5M | $256K | 74.0% |
| GREENSTATE Credit Union | 40 | $8.0M | $200K | 90.0% |
| CBI Bank & Trust | 14 | $3.2M | $226K | 35.7% |
| Farmers State Bank | 7 | $1.7M | $248K | 100.0% |
| First Interstate Bank | 7 | $1.5M | $214K | 85.7% |
| Two Rivers Bank & Trust | 6 | $1.4M | $230K | 50.0% |
| West Bank | 5 | $3.1M | $617K | 80.0% |
| Washington State Bank | 5 | $0.8M | $159K | 80.0% |
| Bridge Community Bank | 4 | $0.7M | $173K | 75.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | 4 | $0.4M | $105K | 100.0% |
| Ohnward Bank & Trust | 3 | $0.8M | $272K | 33.3% |
| IOWA BANKERS MORTGAGE CORPORATION | 3 | $0.4M | $132K | 100.0% |
| Collins Community Credit Union | 3 | $0.4M | $118K | 33.3% |
| 21st Mortgage Corporation | 3 | $0.2M | $65K | 100.0% |
| Central State Bank | 2 | $1.0M | $490K | 100.0% |
| FLAT BRANCH MORTGAGE, INC. | 2 | $0.7M | $360K | 100.0% |
| Fidelity Bank & Trust | 2 | $0.5M | $270K | 50.0% |
| Central Bank | 2 | $0.4M | $200K | 100.0% |
| Rocket Mortgage, LLC | 2 | $0.3M | $165K | 100.0% |
| VERIDIAN CREDIT UNION | 2 | $0.3M | $160K | 50.0% |
| MidWestOne Bank | 2 | $0.3M | $140K | 100.0% |
| DUPACO COMMUNITY | 2 | $0.3M | $125K | 50.0% |
| Cedar Rapids Bank and Trust Company | 2 | $0.2M | $110K | 100.0% |
| Mount Vernon Bank and Trust Company | 2 | $0.2M | $100K | 100.0% |
| Hiawatha Bank and Trust Company | 2 | $0.1M | $75K | 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 Johnson County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Johnson County CSV, all 25 lenders
What Johnson County's table can't show you: fit. Short-term financing is exempt from HMDA, so Johnson County's fix-and-flip and bridge lenders barely appear among its 49 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 Johnson County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Johnson County |
|---|---|---|---|
| Linn County, IA | 519 | 63 | Borders Johnson County |
| Scott County, IA | 504 | 70 | About 50 miles away |
| Rock Island County, IL | 364 | 47 | About 55 miles away |
| Black Hawk County, IA | 393 | 44 | About 65 miles away |
| Polk County, IA | 870 | 128 | About 100 miles away |
Run the coverage test on your Johnson County, Iowa deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Johnson 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 — Johnson County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 49 lenders and 273 loans: 2025 HMDA loan-level data rolled up to Johnson County.
- Johnson County investor-lender dataset (CSV) — All 25 lenders in the Johnson County, Iowa table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Johnson 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 Iowa City, IA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Johnson 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.