DSCR Loans in Polk County, Iowa
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 128 lenders made 870 investment-property loans in Polk County, 14.9% of Iowa's total. Dominick Prevete arranges DSCR loans across Polk 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 $255,000.
Polk County investor market at a glance
| Statistic | Polk County | Iowa | County rank |
|---|---|---|---|
| Investor loans | 870 | 5,822 | 1st of 9 |
| Reporting lenders | 128 | 349 | 1st of 9 |
| Loan volume | $151.6M | $896.7M | 1st of 9 |
| Average loan | $174K | $154K | 4th of 9 |
| Median loan | $145K | $125K | 4th of 9 |
| Purchases | 61.3% | 63.1% | 6th of 9 |
| Cash-out refinances | 9.9% | 5.5% | 1st of 9 |
| 2–4 unit properties | 18.5% | 23.2% | 7th of 9 |
| Top five lenders' share | 28.0% | 19.8% | 9th of 9 |
| Reported business-purpose | 47.7% | 47.3% | 5th of 9 |
Polk County: closed-end loans on 1–4 unit investment properties. Polk County's rank is highest first, among Iowa's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Polk County's investor loans.
What stands out in Polk County
9.9% of Polk County's investor loans were cash-out refinances, the highest share of Iowa's 9 counties with published data (statewide: 5.5%).
On the DSCR cash-out refinances Dominick arranges, cash-out can close with no seasoning.
The five most active lenders wrote 28.0% of Polk County's investor loans, the lowest share of Iowa's 9 counties with published data (statewide: 19.8%).
Lending here is spread across many lenders; the best fit depends on the deal more than the lender's size.
Does a DSCR loan pencil in Polk County?
At HUD's fair market rent of $1,856 for a 3-bedroom in Polk County, Iowa, a rental covers its full DSCR payment up to a purchase price of about $255,000, with 20% down at the 7.25% starting rate (November 2026). Polk County's median home value is $262,100; at that price the payment is $1,906 a month, so the property would need $1,925 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) | $262,100 |
| Median property taxes and effective rate | $4,396 (1.68% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,906 |
| Rent needed to cover that payment | $1,925 |
| Coverage of a 3-bedroom at fair market rent | 0.97 |
| Highest price a 3-bedroom at fair market rent covers | about $255,000 |
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 Polk County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Polk County?
The most active investment-property lenders in Polk County in 2025 HMDA data were GREENSTATE Credit Union, Raccoon Valley Bank and Community State Bank, out of 128 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 Polk County, and matches each file to the one most likely to fund it.
Polk County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 870 loans and $151.6M from 128 lenders. GREENSTATE Credit Union led Polk County with 57 loans, 6.6% of the county's total, and the average Polk County loan of $174K compares with $154K across Iowa.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| GREENSTATE Credit Union | 57 | $9.7M | $170K | 77.2% |
| Raccoon Valley Bank | 52 | $7.4M | $142K | 65.4% |
| Community State Bank | 50 | $10.5M | $211K | 52.0% |
| Community Choice Credit Union | 48 | $6.0M | $125K | 25.0% |
| VERIDIAN CREDIT UNION | 37 | $6.0M | $161K | 78.4% |
| Luana Savings Bank | 31 | $5.3M | $172K | 74.2% |
| Northwest Bank | 30 | $5.7M | $191K | 60.0% |
| Bank Iowa | 26 | $5.3M | $205K | 73.1% |
| Fidelity Bank | 24 | $3.6M | $148K | 79.2% |
| United Wholesale Mortgage | 22 | $3.5M | $161K | 50.0% |
| State Savings Bank | 19 | $3.9M | $207K | 78.9% |
| Kiavi Funding, Inc. | 18 | $3.0M | $169K | 100.0% |
| Home State Bank | 17 | $5.8M | $341K | 58.8% |
| Central Bank | 17 | $5.5M | $325K | 29.4% |
| IOWA BANKERS MORTGAGE CORPORATION | 17 | $2.5M | $146K | 82.4% |
| First State Bank | 17 | $2.0M | $119K | 52.9% |
| Availa Bank | 15 | $3.0M | $199K | 46.7% |
| IOWA STATE BANK | 15 | $2.0M | $134K | 33.3% |
| First National Bank, Ames, Iowa | 14 | $3.0M | $214K | 71.4% |
| U.S. Bank National Association | 12 | $1.6M | $133K | 75.0% |
| FINANCIAL PLUS CREDIT UNION | 12 | $1.6M | $132K | 66.7% |
| GUARANTEED RATE, INC. | 11 | $1.8M | $160K | 81.8% |
| VISIONBANK OF IOWA | 10 | $1.1M | $106K | 20.0% |
| Contract Exchange Corporation | 10 | $0.8M | $76K | 80.0% |
| Bankers Trust Company | 9 | $1.7M | $188K | 88.9% |
50 Iowa loans (0.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Polk County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Polk County CSV, all 25 lenders
What Polk County's table can't show you: fit. Short-term financing is exempt from HMDA, so Polk County's fix-and-flip and bridge lenders barely appear among its 128 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 Polk County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Polk County |
|---|---|---|---|
| Dallas County, IA | 233 | 71 | Borders Polk County |
| Story County, IA | 141 | 61 | Borders Polk County |
| Black Hawk County, IA | 393 | 44 | About 85 miles away |
| Johnson County, IA | 273 | 49 | About 100 miles away |
Run the coverage test on your Polk County, Iowa deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Polk 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 — Polk County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 128 lenders and 870 loans: 2025 HMDA loan-level data rolled up to Polk County.
- Polk County investor-lender dataset (CSV) — All 25 lenders in the Polk County, Iowa table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Polk 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 — Polk 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.