Dominion Financial Services for Iowa investors
Dominion Financial Services is an established lender with comfort on distressed properties and flexibility on borrower credit profiles.
Iowa context
Iowa stable Midwest DSCR market.
How Dominion Financial Services positions in Iowa
Within Iowa, Dominion Financial Services competes alongside other DSCR lenders. Dominion Financial Services strengths: experienced underwriting, distressed property comfort. The medium aggregate DSCR economics of Iowa create demand for Dominion Financial Services programs in Des Moines and Cedar Rapids particularly.
City-level coverage in Iowa
Dominion Financial Services provides DSCR coverage across Iowa metros including Des Moines, Cedar Rapids, and Davenport. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Dominion Financial Services program terms apply uniformly across Iowa metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | fix-and-flip, bridge, rental |
| Loan size | $50K - $5.0M |
| Rates | 9.5%-12.5% |
| Points | 1.5 - 4 |
| Max LTV | 75% of ARV |
| Term lengths | 6-18 months |
| Typical close time | 7-14 days typical |
| Iowa property tax | 1.5% |
| Iowa state income tax | 3.8% |
Dominion Financial Services strengths in Iowa
- experienced underwriting
- distressed property comfort
- flexible on credit
Ideal borrower: Investor on distressed deals or with credit hair
FAQ
Yes, operates nationally including Iowa. Dominion Financial Services is based in Baltimore, MD and operates nationally.
Des Moines is the top investor market in Iowa and falls within Dominion Financial Services national coverage. Des Moines property tax follows the Iowa state rate of 1.5 percent. Dominion Financial Services typically underwrites Des Moines acquisitions at standard rate sheets.
Yes. Cedar Rapids ranks among the larger Iowa investor metros and sees consistent DSCR loan volume from Dominion Financial Services. Submarket variation within Cedar Rapids matters for property selection.
Dominion Financial Services applies the same rate sheet across Iowa metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Des Moines, Cedar Rapids, and Davenport all qualify for the same Dominion Financial Services program.
Dominion Financial Services indicative DSCR rate range is 9.5 to 12.5 percent with 1.5 to 4 points.
Iowa stable Midwest DSCR market. Dominion Financial Services follows standard business-purpose loan structures.
Dominion Financial Services funds fix-and-flip, bridge, rental in Iowa.
Iowa allows standard DSCR prepay structures; Dominion Financial Services typically uses 3-5 year step down.
Dominion Financial Services typical close: 7-14 days typical.
Bottom line
Iowa investors considering Dominion Financial Services should verify current rate sheets directly and confirm specific submarket coverage.
Independent directory listing. DSCR Loan Program is not affiliated with Dominion Financial Services.