September 2026 HUD file
HUD-insured apartment loans in Iowa
152 properties with 13,419 units carry FHA-insured mortgages in Iowa, with $973.3 million still owed. The median note rate is 3.325%, and 104 of them are below 4%.
152insured loans
3.325%median note rate
$973.3 millionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 102 |
|---|---|
| 221(d)(4) construction or substantial rehab | 6 |
| 223(a)(7) refinance | 42 |
| Older and other programs | 2 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Mansions at Jordan Creek | West Des Moines | 140 | 1.97% | $13.1 million | 2055 |
| Village Cooperative of Marshalltown | Marshalltown | 50 | 2.12% | $4.5 million | 2060 |
| Village Cooperative of Ames | Ames | 50 | 2.13% | $7.1 million | 2060 |
| Village Cooperative of Cedar Falls | Cedar Falls | 50 | 2.14% | $6.0 million | 2060 |
| High Pointe Apartments | Norwalk | 192 | 2.16% | $14.6 million | 2056 |
| Capitol House Apartments | Iowa City | 81 | 2.18% | $3.8 million | 2055 |
| Garden Village Apartments | Fort Dodge | 72 | 2.18% | $2.1 million | 2056 |
| Townhomes at Northwest Pointe | Davenport | 32 | 2.22% | $5.1 million | 2056 |
| Prestwick Apartments | Sioux City | 204 | 2.23% | $9.8 million | 2056 |
| Stone Crest Apartments | Des Moines | 108 | 2.25% | $3.6 million | 2056 |
| Village Cooperative of Mason City | Mason City | 50 | 2.29% | $4.8 million | 2060 |
| Village Cooperative of Asbury | Asbury | 50 | 2.3% | $4.8 million | 2060 |
| Alexis at Perry Pointe | Davenport | 192 | 2.32% | $17.9 million | 2055 |
| Jersey Meadow | Davenport | 288 | 2.32% | $15.0 million | 2055 |
| Ashford Apartments | Davenport | 140 | 2.32% | $7.8 million | 2055 |
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Paying off within five years
Most HUD loans amortize to zero, so these balances are usually small. The owners are deciding what to do with a nearly paid-off property.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Town Sq. Apartments | Forest City | 49 | 8.49% | $174,715 | 2030 |
By city
- Des Moines 17
- Cedar Rapids 10
- Davenport 10
- Sioux City 8
- Bettendorf 7
- Ames 6
- Mason City 5
- West Des Moines 5
- Council Bluffs 4
- Iowa City 4
Everywhere else in Iowa
- Twin Eagles East Adel · 2.65%
- Ridgewood Apartment Akron · 3.74%
- Maple Park Apartments Algona · 5.7%
- Altoona Apartments Altoona · 3.07%
- Redwood Altoona (linden Oaks) Phase II Altoona · 3.67%
- Redwood Ankeny (havenwood) Phase II Ankeny · 2.53%
- Village Cooperative of Asbury Asbury · 2.3%
- Lincoln Estate Bondurant · 3.23%
- 203 Harrison Street Limited Partnership Boone · 3.95%
- Cedar Apartments Boone · 3.23%
- Robinson Heights Apartments Burlington · 3.15%
- Village Cooperative of Burlington Burlington · 2.39%
- Twin Oaks Apartments Cedar Falls · 5.55%
- Village Cooperative of Cedar Falls Cedar Falls · 2.14%
- Autumn Park Apartments-Chariton Chariton · 2.92%
- Autumn Park Apartments- Cherokee Cherokee · 4%
- Lakeland Park Apartments Clear Lake · 3.74%
- Lyons Manor Clinton · 3%
- Park Tower Clinton · 3%
- Village Cooperative of Clinton Clinton · 2.83%
- Coralville Senior Residences Coralville · 3.24%
- Vintage Cooperative of Coralville Coralville · 2.53%
- Windsor Grove Daveport · 5.55%
- Palmer Apts and Heritage Haven Decorah · 4.4%
- Eventide Senior Living Denison · 4.69%
- Realife Cooperative of Denison Denison · 4.25%
- Iowa Mutual Building Dewitt · 5.75%
- St. Mary's Apartments Dubuque · 5.98%
- Evans Village Evansdale · 3.98%
- Town Sq. Apartments Forest City · 8.49%
- Garden Village Apartments Fort Dodge · 2.18%
- District 29 Apartments & Townhomes Ft Dodge · 5.05%
- Loess Hills Estates Apartments Glenwood · 3.5%
- Thomas Square Apartments Grimes · 2.84%
- Brookside South and Pearl St A Grinnell · 4.53%
- Westridge Apartment Harlan · 3.25%
- Indianola Apts Indianola · 3.22%
- Vintage Hills Cooperative of Indianola Indianola · 3.59%
- Adams Court Apartments Jefferson · 6.5%
- Ahepa 192 Apts Johnston · 4.7%
- Kingston Apartments Kingsley · 3.74%
- Terrace View Knoxville · 5.37%
- Villas at Fox Pointe Knoxville · 2.47%
- Floyd Valley Apartments Le Mars · 5.69%
- Lemars Apartments Le Mars · 3.15%
- Anna's Grove Madrid · 3.22%
- Oak Village Marion · 3.9%
- Odd Fellows Apartments Marshalltown · 6.3%
- Park Place By Kading Marshalltown · 5.38%
- Village Cooperative of Marshalltown Marshalltown · 2.12%
- Cedar Park Apts Muscatine · 4.2%
- Hershey Manor Muscatine · 4.2%
- Walnut Pointe Newton · 3.95%
- North Liberty Living Center North Liberty · 2.62%
- High Pointe Apartments Norwalk · 2.16%
- Osceola Heights Osceola · 3.22%
- Santa Clara Apartments Oskaloosa · 7.5%
- Hillside Apartments Ottumwa · 2.4%
- Wapello Woods Apartments Ottumwa · 3.65%
- William Pointe Perry · 3.11%
- Prairie Creek Pleasant Hill · 2.75%
- Yellowbanks By Kading Pleasant Hill · 5.55%
- Yellowbanks Properties III Pleasant Hill · 5.2%
- Autumn Park Apartments-Shenandoah Shenandoah · 2.61%
- Lakeview Manor Storm Lake · 3.35%
- Sunrise Pointe Storm Lake · 5.25%
- Sunset Pointe By Kading Storm Lake · 5.55%
- Aster Village II Tiffin · 5.45%
- Aster Village Phase I Tiffin · 5.6%
- Autumn Park Apartments-Washington Washington · 2.78%
- Liberty Manor Waterloo · 5.36%
- The Preserve at Crossroads Waterloo · 3.69%
- Alice Place Waukee Waukee · 2.45%
- Waukee Family Housing Waukee · 2.75%
- Cherry Creek Winterset · 2.63%
- Woodland Apartments Woodbine · 3.74%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
Own or buying in this state?
Send the property to the Janover Capital desk for a read on assumption, 223(a)(7) or a new HUD loan.