Griffin Funding for Iowa investors
Griffin Funding is a direct hard money and DSCR lender founded in 2013, licensed in 47 states. It lends up to $4.5M in-house with exceptions considered to $20M, and offers a no-ratio DSCR program. Published DSCR rates run 6.1%–7.5%, with a 620 minimum credit score and 0.75 minimum DSCR.
Iowa context
Iowa stable Midwest DSCR market.
How Griffin Funding positions in Iowa
The Iowa lender pool for DSCR includes Griffin Funding among the active platforms. Iowa top metros (Des Moines, Cedar Rapids, Davenport) see meaningful Griffin Funding loan volume.
City-level coverage in Iowa
Griffin Funding 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. Griffin Funding program terms apply uniformly across Iowa metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | — - $5.0M |
| Rates | 6.1%-7.5% |
| Points | Not publicly published |
| Max LTV | 80% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Iowa property tax | 1.5% |
| Iowa state income tax | 3.8% |
Griffin Funding strengths in Iowa
- In-house lending up to $4.5M, with exceptions considered to $20M
- No-ratio DSCR program available
- Licensed in 47 states
- Direct lender
Ideal borrower: Investor seeking a direct DSCR lender with high in-house loan limits and a no-ratio program for below-market-DSCR properties.
FAQ
Yes, operates nationally including Iowa. Griffin Funding is based in an undisclosed location and operates nationally.
Des Moines is the top investor market in Iowa and falls within Griffin Funding national coverage. Des Moines property tax follows the Iowa state rate of 1.5 percent. Griffin Funding 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 Griffin Funding. Submarket variation within Cedar Rapids matters for property selection.
Griffin Funding 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 Griffin Funding program.
Griffin Funding indicative DSCR rate range is 6.1 to 7.5 percent.
Iowa stable Midwest DSCR market. Griffin Funding follows standard business-purpose loan structures.
Griffin Funding funds rental DSCR in Iowa.
Iowa allows standard DSCR prepay structures; Griffin Funding typically uses 3-5 year step down.
Griffin Funding typical close: Not publicly published.
Bottom line
For Iowa DSCR borrowers, Griffin Funding is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Griffin Funding.