660 score · 80% financing
Financing built for a rental, not a residence.
A minimum credit score of 660 and financing up to 80% of the property. Funds to close don't have to be sourced or seasoned, and the property doesn't even have to be leased yet.
Underwritten the way an investment actually works
Investment property loans through Iowa Mortgage Solutions require a minimum credit score of 660, with financing available up to 80% of the property's value. Your funds to close don't have to be sourced or seasoned the way a primary residence purchase often demands.
The property doesn't have to be leased
Because income on the file is determined by the market rent schedule pulled from the appraisal, the unit doesn't need a signed lease in place to qualify. That's the difference between a program built for owner-occupants and one built for investors.
IMS has placed Iowa mortgages since 2005. Call (319) 377-1988 to talk through a specific property.
The three things that make this program different
Numbers we actually publish, for investors.
660
minimum credit score
The floor for an investment property file. It's a program built for a serious borrower, not an experiment.
80%
max financing
Up to 80% of the property's value, with the remainder as your down payment.
0
signed leases required
Income is read off the market rent schedule on the appraisal, so the unit doesn't need a tenant in place to close.