Long-Term Rental Financing Based on Rental Income
Secure financing for real estate investors based on current or projected rental income. These loans are approved based on local market rental rates and property expenses rather than personal income.
- Competitive interest rates
- 30 year fixed-rates
- Flexible approval guidelines
- Quick pre-approvals
- Simple loan process
Get up to 80% LTV using projected rental income.
30-Year Rental Loan Iowa Requirements
Investors must meet the following criteria for real estate investment loans:
Property Types
1-4 unit residential properties, including single-family homes, townhomes, condos, duplexes, triplexes, and quadplexes.
Minimum Credit Score
680+
Minimum Loan Amount
$100,000+
Minimum DSCR
1.1x
Landlord Experience
No experience is required, however experienced investors are granted more flexibility for projected rental income.
Required Documentation
A legally registered business is required to get funding.
- Driver’s License or State ID
- LLC Articles of Organization
- LLC Operating Agreement
- EIN Letter (IRS-issued tax ID)
Pre-approval in just 24 hours without impacting your credit!
Loan Terms
Maximize your returns with competitive rates, industry-leading high leverage and flexible loan terms.
| Minimum Credit Score | 680+ |
| Minimum Loan Amount | $100,000+ |
| Purchase/Refinance | Up to 80% LTV |
| Cash Out Refinance | Up to 75% LTV |
| Interest Rates | Starting at 7% |
| Minimum DSCR | 1.1 |
| Closing Time | 21-30 days |
Request a Rental Loan Quote
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- Secure up to 80% financing
- See how much you qualify for
- Get pre-approved within 24 hrs
Capital Ton specializes in non-owner occupied investment property loans, empowering real estate investors to grow their portfolios with confidence. We proudly serve clients across 24 states, offering tailored financing solutions for fix and flips and rental properties. Capital Ton delivers flexible loan options with competitive rates and maintains a commitment to transparency and integrity.
FAQs About 30-Year Rental Property Loans
Common questions that Iowa rental property investors tend to have.
What’s the minimum down payment?
The minimum down payment is 20%. It varies based on your DSCR ratio, interest rates, LTV and credit score.
Do you offer loans for short term rentals?
Yes, you can qualify using up to 100% of AirDNA projections for rental income on Airbnb and VRBO.
Do you offer loans for long term rentals?
Yes, you can qualify using projected local rental market rates for long-term tenants.
Is a lease agreement required?
No, however a signed and executed rental agreement will help you get higher leverage when refinancing.
What 30 year DSCR programs do you offer?
- 30-year fixed-rate mortgage
- 7/1 ARM
- 5/1 ARM
- Interest only
What’s the max LTV on rental property acquisition loans?
Up to 80% LTV
What’s the max LTV on a rental rate and term refinance?
Up to 80% LTV
What’s the max LTV on a rental cash out refinance?
Up to 75% LTV
What types of properties qualify?
These loans can be used for 1-4 unit residential properties, including single-family homes, townhouses, condos, duplexes, triplexes, and quadplexes.
What’s the minimum credit score?
680 is the minimum credit score
What’s the minimum loan amount?
$100,000 is the minimum loan amount.
Do you work with first-time investors?
Yes, new investors can qualify up to 80% LTV if they own a primary residence.
Is there a minimum DSCR required?
The minimum DSCR requirement is 1.1.
How do you calculate DSCR?
Divide rental income by the sum of property taxes, insurance, principal and interest payments. Use our DSCR calculator.
What determines my interest rate?
Interest rates vary depending on your credit score, loan to value and real estate market risk.
Do you offer interest only rental loans?
Yes, these type of loans are interest-only for the first 10 years and then amortize for the following 20 years.
Speak with a Rental Loan Expert
Iowa Rental Markets We Serve
We provide financing solutions across various real estate markets in “the Hawkeye State”, including:
- Des Moines
- Cedar Rapids
- Davenport
- Marion
- Sioux City
- Iowa City
- Ankeny
- Cedar Falls
- West Des Moines
- Ames
- Waterloo
- Bettendorf
- Council Bluffs
- Dubuque
- Urbandale
- Altoona