Iowa Investment Property Loans

Expand your real estate portfolio in the Hawkeye State with investment property loans. Iowa investment property loans can help you take advantage of profitable opportunities in this thriving market. Whether you’re interested in purchasing a short-term rental property in Des Moines or an apartment complex in the Okoboji Lakes region, the right financing can make it happen.

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Self Employed
Select this option if you work for yourself and not an employer.


VA Eligible
If you are a current service member or veteran select this option.


Real Estate Investor
Select this option if you invest in income-producing rental properties.


Other
Select this option if none of the other 3 options apply.

What is the loan purpose?



Purchase
A purchase loan can be used to buy a home.


Refinance
A 'rate and term' refinance allows you to improve the terms of your existing mortgage by lowering the monthly payment. A 'cashout refinance' allows you to convert equity into cash.


Home Equity
A home equity loan or line of credit is a 2nd mortgage that allows you to convert equity to cash without having to touch your existing 1st mortgage.

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    Purchasing an Investment Property in Iowa

    Iowa’s real estate market offers tons of opportunities for real estate inventors of all types. The state’s stable economy, affordable housing prices, and steady population growth make it a great location for investing in real estate. Iowa investment property loans can help you capitalize on these favorable conditions.

    Investing in Iowa real estate offers several benefits. The state has a low cost of living, diverse job markets, and a high quality of life, attracting both long-term residents and newcomers. These factors contribute to a strong rental market in urban areas like Des Moines, Cedar Rapids, and Iowa City.

    Investors in Iowa have various options to explore. Long-term rentals in college towns can provide a steady income from student tenants. Short-term rentals and Airbnbs in tourist hotspots can tap into the state’s growing tourism sector. Additionally, vacation rentals near Iowa’s numerous state parks and recreational areas offer potential for seasonal income.

    According to Zillow, the average home value in Iowa is $221,509, showing an appreciation of 3.4% over the last year. This moderate appreciation rate suggests a stable market with room for growth, making it an opportune time to invest in real estate.

    Think you qualify for a loan? Contact us today to find out!

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    Iowa Investment Property Loan Types

    Before you start looking at properties, it’s important to consider investment property financing in Iowa. Your Iowa investment property loan can significantly impact your success as an investor and your bottom line. Let’s break down the various loans for investment properties in Iowa:

    Conventional Loans

    These traditional loans are popular with regular homeowners and investors alike. Conventional loans come with reasonable down payment requirements and offer competitive rates for borrowers with strong credit profiles.

    DSCR Loans

    Debt service coverage ratio (DSCR) loans focus on the property’s income potential rather than the borrower’s personal income. Lenders consider how much the property can earn from rental income and whether it’s enough to cover the mortgage payment. DSCR loans are ideal for those with multiple properties or variable income.

    Bank Statement Loans

    Bank statement loans are great for self-employed investors because they use bank statements to verify income other than W-2s or pay stubs.

    VA Loans

    VA loans are primarily for primary residences, but eligible veterans can sometimes use VA loans for multi-unit properties as long as they use one of the units as their primary residence.

    FHA Loans

    You can use FHA loans for investment properties with up to four units if the investor plans to live in one of the units. These mortgage loans require lower down payments and have more lenient credit requirements.

    Home Equity Loans

    Use the equity in your primary residence to finance a property with a home equity loan. This option offers favorable interest rates and terms for homeowners who are willing to cash in on their equity to expand their investment portfolio.

    Asset-Based Loans

    These loans convert your liquid assets to income to see if you qualify. Asset-based loans offer an alternative for investors with significant assets but lower reported income.

    Private Money Loans

    Often used for short-term financing or fix-and-flip properties, private money loans can provide quick funding for Iowa investment properties.

    How to Purchase an Investment Property in Iowa

    Buying an investment property is a big move, but it doesn’t have to be overwhelming. Don’t be afraid to ask questions along the way. With the right approach and financing, you’ll be on your way to building your real estate portfolio in the Hawkeye State. Follow these simple steps to purchase an investment property in Iowa:

    • Pick your investment style: Figure out what works for you. Do you want steady income from long-term renters or are you thinking about short-term vacation rentals? Your choice will shape both the property you buy and how you finance it.
    • Choose the right loan: Look at your finances and investment goals to pick the best loan option. Maybe a conventional loan makes sense for a stable, long-term investment. Or, if you’ve found a property with great rental potential, a DSCR loan might be the way to go.
    • Find your property and apply: Do your research on Iowa’s real estate market, find a property, and submit your loan application to a lender like Griffin Funding. Tools like the Griffin Gold app can make this process a lot smoother, helping you secure investment property loans in Iowa without the hassle.

    Need Financial Assistance? See if you qualify for a loan today!

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    Why Choose Griffin Funding?

    When it comes to investment property loans in Iowa, there are several reasons why you should choose Griffin Funding:

    • A lot of experience: Our team has years of experience working with investors. We’re not just your lender — we’re your partner in making smart investment moves.
    • Flexible solutions: Whether you’re dipping your toes into real estate investing or a seasoned pro with a portfolio of properties, we’ve got loan options that fit your needs.
    • Personalized service: As your go-to investment property lender in Iowa, we take the time to understand what you need. We’ll work with you one-on-one to find the best financing option for your goals.
    • Competitive rates: We offer Iowa investment property loans with terms that won’t eat into your profits. We want to help you build wealth through real estate, not hold you back.

    Secure an Investment Property Loan in Iowa

    Ready to make your move in Iowa’s real estate market? Now’s the time to turn those investment plans into action. With Griffin Funding in your corner, you have a partner to help you learn about all the investment property loans in Iowa that are available to you.

    We’re here to offer expert advice, competitive rates, and a hassle-free application process.

    Begin the application online or request a free quote today!

    Apply Now