DSCR LOANS · Iowa (IA) Underwriting Matrix · Stephen R. Mannenbach, J.D., MBA

Iowa DSCR Rental Loans (1–4, 5–8, 5–9, 5–10, 5–25 & 5+ Units) — 2026 Rates, LTV Caps & State Rules

Iowa DSCR Loans provide business-purpose real estate investors with Up to 80% LTV Purchase / 75% Cash-Out across loan amounts from $100,000 – $15,000,000+ at 6.375% – 8.25% (Wholesale Tier Dependent) (30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO, 620 – 660+ FICO min FICO, 14 – 21 Business Days close). In Iowa (IA), lenders underwrite to a Judicial (or Non-Judicial Voluntary Commercial) statutory framework (160–220 days-day average timeline), a 1.52% average property tax rate (~$298/mo at the $235,000 state median), and $590/$100K hazard insurance (~$116/mo).

Max Leverage / LTC

Up to 80% LTV Purchase / 75% Cash-Out

Min FICO: 620 – 660+ FICO

2026 Rate Band

6.375% – 8.25% (Wholesale Tier Dependent)

30-Yr Fixed, 5/1 & 7/1 ARM, 10-Yr IO, 40-Yr IO

IA Security Instrument

Judicial (or Non-Judicial Voluntary Commercial)

160–220 days days avg timeline

IA Avg Tax & Ins

1.52% Tax

$590/$100K Hazard Ins