Private & Hard Money Lenders in Linn County, IA
12 lenders funded 112 short-term investment-property loans in Linn County in 2024 at a median rate of 8.50%. Ranked by verified loan volume — not paid placement.
Linn County hard money lenders by 2024 loan count
| # | Lender | Hard money loans | Median rate | DSCR loans |
|---|---|---|---|---|
| 1 | HILLS BANK AND TRUST COMPANY | 90 | 8.50% | 59 |
| 2 | FARMERS STATE BANK | 5 | 8.50% | 33 |
| 3 | Corda Credit Union | 5 | 8.75% | 1 |
| 4 | COLLINS COMMUNITY CREDIT UNION | 4 | 8.25% | 23 |
| 5 | Contract Exchange Corporation | 1 | — | 2 |
| 6 | MIDWESTONE BANK | 1 | — | 2 |
| 7 | Bankers Trust Company | 1 | — | 1 |
| 8 | Fidelity Bank & Trust | 1 | — | 1 |
| 9 | US BANK, N.A. | 1 | — | 1 |
| 10 | M&T BANK | 1 | — | — |
| 11 | RPE Home, Inc | 1 | — | — |
| 12 | Secured Investment Corp | 1 | — | — |
DSCR / long-term rental lenders in Linn County
These lenders reported only longer-term (>36 month) business-purpose rental loans here in 2024— a different product from hard money, listed separately so the two aren't conflated.
Frequently asked questions
12 lenders reported short-term, business-purpose investment loans in Linn County in 2024 verified lending records — 112 loans totaling $105.4M. Smaller local lenders below public reporting thresholds may also operate here.
The median note rate across Linn County's active lenders was 8.50% in 2024, with per-lender medians ranging from 8.25% to 8.75%. Hard money runs well above conventional mortgage rates because loans are short, asset-based, and close fast.
Verified public lending records for 2024. We count originated, business-purpose loans on investment properties with terms of 36 months or less — the bridge and fix-and-flip products hard money lenders make. Rankings reflect verified loan counts, never paid placement.