United Wholesale Mortgage for Iowa investors
United Wholesale Mortgage (UWM) is a broker-only DSCR lender licensed in 35 states. Its DSCR floor ranges from 0.00 to 1.00 depending on the specific program selected. Minimum credit score is 640, with loan sizes from $50,000 to $3,000,000 and maximum 80% LTV. The company does not publish rate figures in the sources reviewed.
Iowa context
Iowa stable Midwest DSCR market.
How United Wholesale Mortgage positions in Iowa
The Iowa lender pool for DSCR includes United Wholesale Mortgage among the active platforms. Iowa top metros (Des Moines, Cedar Rapids, Davenport) see meaningful United Wholesale Mortgage loan volume.
City-level coverage in Iowa
United Wholesale Mortgage 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. United Wholesale Mortgage 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 | $50K - $3.0M |
| Rates | Not publicly published |
| 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% |
United Wholesale Mortgage strengths in Iowa
- Licensed in 35 states
- DSCR floor ranges 0.00 to 1.00 depending on program
- Loan sizes from $50,000 to $3,000,000
- Broker-only origination
Ideal borrower: Broker-originated borrower whose DSCR program fit ranges from no-ratio (0.00) up to fully-qualifying (1.00) DSCR.
FAQ
Yes, operates nationally including Iowa. United Wholesale Mortgage is based in an undisclosed location and operates nationally.
Des Moines is the top investor market in Iowa and falls within United Wholesale Mortgage national coverage. Des Moines property tax follows the Iowa state rate of 1.5 percent. United Wholesale Mortgage 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 United Wholesale Mortgage. Submarket variation within Cedar Rapids matters for property selection.
United Wholesale Mortgage 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 United Wholesale Mortgage program.
United Wholesale Mortgage 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. United Wholesale Mortgage follows standard business-purpose loan structures.
United Wholesale Mortgage funds rental DSCR in Iowa.
Iowa allows standard DSCR prepay structures; United Wholesale Mortgage typically uses 3-5 year step down.
United Wholesale Mortgage typical close: Not publicly published.
Bottom line
For Iowa DSCR borrowers, United Wholesale Mortgage is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with United Wholesale Mortgage.