MoFin Lending for Iowa investors
MoFin Lending is a direct DSCR lender licensed in 34 states with a 700 minimum credit score — the highest credit floor among the lenders added to this directory in September 2026. Minimum loan size is $150,000. The company does not publish minimum DSCR, maximum loan size, LTV, or rate figures in the sources reviewed.
Iowa context
Iowa stable Midwest DSCR market.
How MoFin Lending positions in Iowa
The Iowa lender pool for DSCR includes MoFin Lending among the active platforms. Iowa top metros (Des Moines, Cedar Rapids, Davenport) see meaningful MoFin Lending loan volume.
City-level coverage in Iowa
MoFin Lending 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. MoFin Lending 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 | $150K - — |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | Not publicly published |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| Iowa property tax | 1.5% |
| Iowa state income tax | 3.8% |
MoFin Lending strengths in Iowa
- Licensed in 34 states
- Direct lender
- $150,000 minimum loan size
- Highest minimum credit score (700) among the lenders added to this directory in September 2026
Ideal borrower: Investor with a 700+ credit score and a $150,000+ loan size seeking a direct DSCR lender.
FAQ
Yes, operates nationally including Iowa. MoFin Lending is based in an undisclosed location and operates nationally.
Des Moines is the top investor market in Iowa and falls within MoFin Lending national coverage. Des Moines property tax follows the Iowa state rate of 1.5 percent. MoFin Lending 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 MoFin Lending. Submarket variation within Cedar Rapids matters for property selection.
MoFin Lending 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 MoFin Lending program.
MoFin Lending does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
Iowa stable Midwest DSCR market. MoFin Lending follows standard business-purpose loan structures.
MoFin Lending funds rental DSCR in Iowa.
Iowa allows standard DSCR prepay structures; MoFin Lending typically uses 3-5 year step down.
MoFin Lending typical close: Not publicly published.
Bottom line
MoFin Lending in Iowa works for the right borrower-deal combination. Match the lender to your deal characteristics.
Independent directory listing. DSCR Loan Program is not affiliated with MoFin Lending.