DSCR Loans in Story County, Iowa
Reviewed by Dominick Prevete, Founder & CEO, National Loan Provider31+ years in real estate finance
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In 2025 HMDA data, 61 lenders made 141 investment-property loans in Story County, 2.4% of Iowa's total. Dominick Prevete arranges DSCR loans across Story 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 $205,000.
Story County investor market at a glance
| Statistic | Story County | Iowa | County rank |
|---|---|---|---|
| Investor loans | 141 | 5,822 | 9th of 9 |
| Reporting lenders | 61 | 349 | 5th of 9 |
| Loan volume | $25.6M | $896.7M | 9th of 9 |
| Average loan | $181K | $154K | 3rd of 9 |
| Median loan | $155K | $125K | 3rd of 9 |
| Purchases | 70.9% | 63.1% | 3rd of 9 |
| Cash-out refinances | 2.8% | 5.5% | 7th of 9 |
| 2–4 unit properties | 28.4% | 23.2% | 2nd of 9 |
| Top five lenders' share | 34.8% | 19.8% | 8th of 9 |
| Reported business-purpose | 30.5% | 47.3% | 8th of 9 |
Story County: closed-end loans on 1–4 unit investment properties. Story County's rank is highest first, among Iowa's counties with at least 100 investor loans and 25 reporting lenders. Shares are of Story County's investor loans.
What stands out in Story County
30.5% of Story County's investor loans were reported as business-purpose, the 2nd-lowest share of Iowa's 9 counties with published data (statewide: 47.3%).
Fewer investor loans here were reported as business-purpose than in most of Iowa. Dominick arranges business-purpose financing only, on investment property, never a primary residence.
28.4% of Story County's investor loans financed a 2–4 unit property, the 2nd-highest share of Iowa's 9 counties with published data (statewide: 23.2%).
2–4 unit properties are common here. A DSCR loan on a 2–4 unit property qualifies on the rent from all of its units.
The five most active lenders wrote 34.8% of Story County's investor loans, the 2nd-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 Story County?
At HUD's fair market rent of $1,469 for a 3-bedroom in Story County, Iowa, a rental covers its full DSCR payment up to a purchase price of about $205,000, with 20% down at the 7.25% starting rate (November 2026). Story County's median home value is $258,700; at that price the payment is $1,822 a month, so the property would need $1,825 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) | $1,061 / $1,469 / $1,768 |
|---|---|
| Median home value (2020–2024 ACS 5-year) | $258,700 |
| Median property taxes and effective rate | $3,632 (1.40% of value) |
| Monthly payment on the median-value home: P&I, taxes, insurance | $1,822 |
| Rent needed to cover that payment | $1,825 |
| Coverage of a 3-bedroom at fair market rent | 0.81 |
| Highest price a 3-bedroom at fair market rent covers | about $205,000 |
| Highest price two 2-bedroom units at fair market rent cover | about $300,000 |
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 Story County's numbers in the calculator below →
Who are the DSCR and investment-property lenders in Story County?
The most active investment-property lenders in Story County in 2025 HMDA data were Exchange State Bank; First National Bank, Ames, Iowa; and Availa Bank, out of 61 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.
Story County's 2025 HMDA filings, closed-end loans on 1–4 unit investment properties only: 141 loans and $25.6M from 61 lenders. Exchange State Bank led Story County with 13 loans, 9.2% of the county's total, and the average Story County loan of $181K compares with $154K across Iowa.
| Lender | Loans | Volume | Avg loan | Purchase share |
|---|---|---|---|---|
| Exchange State Bank | 13 | $1.7M | $128K | 53.8% |
| First National Bank, Ames, Iowa | 11 | $2.4M | $219K | 36.4% |
| Availa Bank | 9 | $1.2M | $128K | 44.4% |
| VISIONBANK OF IOWA | 9 | $1.1M | $126K | 33.3% |
| IOWA BANKERS MORTGAGE CORPORATION | 7 | $1.1M | $159K | 100.0% |
| Northwest Bank | 6 | $1.1M | $183K | 83.3% |
| Home State Bank | 5 | $1.9M | $377K | 100.0% |
| GREENSTATE Credit Union | 5 | $0.8M | $161K | 60.0% |
| Community State Bank | 3 | $1.2M | $398K | 100.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 3 | $0.7M | $225K | 66.7% |
| Wells Fargo Bank, National Association | 3 | $0.7M | $222K | 100.0% |
| PEOPLES BANK | 3 | $0.6M | $188K | 33.3% |
| Farmers Savings Bank | 2 | $0.6M | $300K | 100.0% |
| WEST GATE BANK | 2 | $0.5M | $255K | 100.0% |
| The Security National Bank of Sioux City, Iowa | 2 | $0.5M | $250K | 50.0% |
| JPMorgan Chase Bank, National Association | 2 | $0.5M | $240K | 100.0% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | 2 | $0.4M | $205K | 100.0% |
| VERIDIAN CREDIT UNION | 2 | $0.4M | $190K | 100.0% |
| South Story Bank & Trust | 2 | $0.3M | $170K | 100.0% |
| GREATER IOWA CREDIT UNION | 2 | $0.3M | $150K | 50.0% |
| Reliance State Bank | 2 | $0.3M | $145K | 100.0% |
| Rocket Mortgage, LLC | 2 | $0.3M | $130K | 50.0% |
| GNB BANK | 2 | $0.3M | $125K | 100.0% |
| GUARANTEED RATE, INC. | 2 | $0.2M | $115K | 0.0% |
| MEMBERS1st Community Credit Union | 2 | $0.1M | $65K | 50.0% |
50 Iowa loans (0.9%) carry no county code in HMDA, so county figures sum to less than the state total.
Source for Story County: 2025 HMDA loan-level data from the CFPB/FFIEC Data Browser, retrieved November 11, 2026. How this data is built · Story County CSV, all 25 lenders
What Story County's table can't show you: fit. Short-term financing is exempt from HMDA, so Story County's fix-and-flip and bridge lenders barely appear among its 61 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 Story County with published lender data
| County | Investor loans, 2025 | Lenders | Where it is from Story County |
|---|---|---|---|
| Polk County, IA | 870 | 128 | Borders Story County |
| Dallas County, IA | 233 | 71 | About 40 miles away |
| Black Hawk County, IA | 393 | 44 | About 65 miles away |
| Linn County, IA | 519 | 63 | About 95 miles away |
Run the coverage test on your Story County, Iowa deal
Rent divided by the full monthly payment is the number a DSCR loan qualifies on. Enter a Story 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 — Story County's at-a-glance figures, its observations, its 25-lender table and the Quick Read's 61 lenders and 141 loans: 2025 HMDA loan-level data rolled up to Story County.
- Story County investor-lender dataset (CSV) — All 25 lenders in the Story County, Iowa table, ranked by loan count, with volume, average loan and purchase share for each.
- HUD FY2027 Fair Market Rents — Story 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 Ames, IA HUD Metro FMR Area.
- Census ACS 2020–2024 5-year, tables B25077 and B25103 — Story 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.