Close as fast as 3 days with no appraisal and get up to 90% financing.
Flexible Terms for Iowa Fix and Flip Loans
Flexible loan terms are essential for Iowa real estate investors to win bids against other flippers.
| Credit score | Minimum 680 |
| Loan amount | Min $100,000 |
| Purchase financing | Up to 90% LTC |
| Rehab financing | Up to 100% |
| After-repair value | Up to 75% ARV |
| Interest rate | 8.5%-11.4% |
| Terms | 6 and 12 months |
Minimum Documentation
Capital Ton LLC specializes in low-doc and no-doc fix and flip loans in Iowa. No tax returns, W-2’s or personal income.
- Driver’s license or state ID
- Articles of organization
- LLC operating agreement
- EIN letter
Is flipping experience required?
No previous experience is required to get a loan for flipping houses in Iowa, but it does qualify you for higher leverage.
Do you work with first-time investors?
Yes, first-time real estate investors can qualify for up to 85% financing for fix and flips in Iowa with no experience.
See How Much You Qualify For
What’s the minimum credit score for Iowa fix and flip loans?
680 is the minimum credit score for fix and flip financing.
Is an appraisal required for fix and flip loans?
No, an appraisal will not be required or ordered by Capital Ton.
Do fix and flip loans have prepayment penalties?
There is no prepayment penalty on an Iowa fix and flip loan.
Is it hard to get a loan to flip a house in Iowa?
Unlike other hard money lenders, it’s easy to get approved when the combined purchase price and rehab costs are below 70% ARV and your credit score is over 680.
Request a Loan Quote
- No application fee
- No credit pull for loan quote
- No appraisal
- Secure up to 90% financing
- Close as fast as 3 days
When you have a property under contract, you need a financing partner with experience, one who can offer a fast closing and high leverage.
You want to keep as much of your liquid cash as possible and close quickly. We understand what’s important to you.
Fix & Flip Loan Quote Request
Approved Cities for the Fix and Flip Loans Iowa Program
The following cities and towns qualify for the fix and flip loans Iowa program. Although “the Hawkeye State” has many great communities, Capital Ton’s focuses on these locations.
- Des Moines, IA
- Cedar Rapids, IA
- Davenport, IA
- Marion, IA
- Sioux City, IA
- Iowa City, IA
- Ankeny, IA
- Cedar Falls, IA
- West Des Moines, IA
- Ames, IA
- Waterloo, IA
- Bettendorf, IA
- Council Bluffs, IA
- Dubuque, IA
- Urbandale, IA
- Altoona, IA