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Hard Money Lenders
Iowa

For experienced and beginner investors flipping Iowa's real estate market. Our hard money loans cover up to 90% Of Purchase + 100% of Rehab.
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Funded Iowa Fix and Flip
Funded Iowa Fix and Flip
Loan Amount: $175,000
LTV: 85% of Purchase + 100% of Rehab
  • Rate 10.99%
  • 12 Months
  • Points 2.50%
  • 20 Days to Close

Why Choose Ridge Street For Your iowa Hard Money Loan

Over 200
Funded Deals
$80M+
Loan Volume
70+
5 Star Reviews
10-14 Days
Avg. Closing Time
In 35 States
Including Iowa

How We Evaluate Hard Money Loans In Iowa

At Ridge Street Capital, we’re more than just a national lender—we're the lender of choice for Iowa real estate investors looking for fast, reliable funding. This section is here to give you a transparent view into how we evaluate fix and flip opportunities across the state. Here’s how we evaluate your deal:

1.  We Prioritize Profitable Projects

We fund deals with strong potential for success. That typically means:

  • Loan amounts up to 75% of After Repair Value
  • ‍Projects with at least 20% projected ROI
  • ‍An ARV backed by credible sold comps, not inflated listings
We’re looking for win-win projects where our borrowers will be successful.

2. We Match Rehab Scope With Experience

As an investor builds their track record, access to financing on larger more complex projects is provided:

  • ‍Beginner investors should focus on moderate rehab deals (Rehab <= 50%Purchase Price)
  • Intermediate flippers with 1-2 completes projects, can pursue heavy rehabs (Rehab <= 100% Of Purchase)
  • Experience investors with 3-5+ completed projects can be financed on expansion projects
Most successful house flippers and BRRR investors have a rinse a repeat strategy with light and moderate rehabs.

3.  We Reward Creditworthy Borrowers

While our loans are asset-based, your credit still matters.

  • Strong credit is the highest indicators of successful fix and flips across our protfolio
  • Real Estate investors often have high credit utilization which can bring down their scores - this is acceptable for underwriting
If you're credit score is above 660 we'll be happy to work with you and your team.

4.   Lending in Strong Iowa Submarkets

Leverage is adjusted based on local market strength.
Up to 75% LTARV in Iowa's strongest housing markets and more conservative (e.g., 65% LTARV) in declining submarkets.
‍
In 2025, Iowa’s key markets—such as Des Moines, Cedar Rapids, and Iowa City—have held steady with consistent demand and moderate pricing trends. Ridge Street does not flag any submarkets in Iowa for reduced leverage, allowing us to offer our maximum LTV statewide. Whether investing in larger metros or smaller suburban communities, both new and seasoned investors can access funding when the numbers work.

Iowa Hard Money Loan Product Details

Iowa Fix and Flip Loan Beginner

Perfect for first-time investors with solid credit, doing light to moderate rehab projects.

Up to 90% Loan-to-Cost (LTC) and 100% Rehab with 740+ credit

Up to 80% Purchase + 100% Rehab with 720+ credit

Up to 75% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Interest Rates from 10.75% to 11.25%

Origination Fee: From 2.0%

Loan Size: $50,000 to $2,000,000

Moderate Rehab Only (Rehab ≤ 50% of Purchase Price)

See our Guide on Fix and Flip Loans For Begginers

Learn More
Get Approved Online

Iowa Fix and Flip Loan Intermediate

Designed for investors with 1-2 experiences and larger rehab goals.

Up to 90% LTC + 100% Rehab with 740+ credit

Up to 80% Purchase + 100% Rehab with 680+ credit

Up to 75% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Intersest Rates from 10.65%–11.25%

Origination Fee From 2.0%

Loan Size $50,000–$2,500,000

Heavy Rehab Allowed (Rehab ≤ 100% of Purchase)

Use our Fix and Flip Loan Calculator

Learn More
Get Approved Online

Iowa Fix and Flip Loan Pro

Ideal for experienced investors with 3-5+ experiences pursuing heavier rehab projects.

Up to 90% LTC + 100% Rehab with 720+ credit

Up to 85% Purchase + 100% Rehab with 680+ credit

Up to 80% Purchase + 100% Rehab with 660+ credit

Max 75% Loan to After-Repair Value (LTARV)

Interest Rates from 10.5% to 10.75%

Origination Fee: From 1.5%

Loan Size from $50,000–$3,500,000

Expansion Projects and lopsided rehabs allowed

Learn More
Get Approved Online

Check To See What Terms You Qualify for?

See Your Terms

Iowa Hard Money Loan process

We make funding your Iowa real estate investment fast and simple. Our process is streamlined for speed and transparency— with closings in as little as 7-14 business days.

Hard Money Loan Step 1 Container
Step 1 Icon

Apply Or Get Pre-Approved Online

~ 2mins
Fill out a 2 Min Quick App with info about your Iowa based project. We need some preliminary information so that we can accurately evaluate your deal.

Whether you're actively under contract or just looking to get pre-approved, we’ll review your application details and get back to you within the same business day.
Request A Term Sheet | Get Pre-Approved | Schedule A Call
Loan Process Step 2
Step 2 Icon

Receive a Term Sheet

~ 2mins
Once we have your completed application, we’ll send you a The Term Sheet via email that will provide a clear breakdown of the loan amount, rate, fees, non-lender costs, and estimated cash to close. We’ll also follow-up with a call to walk you through the process.
Hard Money Loan Process Step 3 Container
Step 3 Icon

Submit Docs

~ 1-7 days
Once you’ve accepted the Loan Terms, we’ll collect your remaining documents and begin formally underwriting the loan. We’ll collect documents like an ID, purchase contract, and rehab budget, and Entity Documents.
Loan Process Step 4
Step 4

Appraisal

~ 2-7 days
Once you've submitted your documents, an appraisal will be ordered and completed In 2-7 days. We have quick turn around appraisal option to make sure our Iowa based deals can close quickly.
Hard Money Loan Process Step 5 Container
Step 5 Icon

Closing

~ 1-3 days
Once we have the completed document package, we’ll schedule closing with your title company or attorney. Funds are wired same-day after signing. You’ll get a copy of the final HUD and wire confirmation.
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Funded Iowa Hard Money Loan

A Proven Track Record Funding Projects Like These

State
Iowa
Loan Type
Fix and Flip Loan
Loan Amount
$175,000
Loan Amount (if applicable)
85% of Purchase + 100% Of Rehab
Rate
10.99%
Points
2.50%

Iowa Deal Summary

Ridge Street Capital provided a $175,000 hard money loan to an experienced investor (with 3 flips) for the acquisition and renovation of a 4-bedroom, 2-bathroom, 1,758 sq. ft. property in Des Moines, IA.

The loan covered 85% of the purchase price and 100% of the $75,000 rehab budget, which was a medium-heavy rehab with a new roof, foundation repairs, furnace replacements, and cosmetic upgrades throughout the house.

The borrower had 3 successfully completed projects in the Des Moines area and so we offered to finance 85% of the purchase + 100% of the rehab on this larger scope of work project. The borrower came out of pocket with a $17,700 down payment plus closing costs.

This deal was not on a tight timeline so the deal closed in 20 days.

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Get Terms For Your Project
Iowa Hard Money LOan

Client Review

"Honestly, the process felt way smoother than past lenders I’ve used. I’ll definitely work with them again on my next project.”

Jake L. - Des Moines, IA

Frequently Asked Questions

How do Hard Money Loans work in Iowa?

Hard money loans in Ioaw are short-term, asset-based loans used by real estate investors to purchase, rehab, or build investment properties. Approval is based on the property’s current value, after-repair value (ARV), your investing track record, and credit score—not your personal income. Ioaw hard money lenders like Ridge Street Capital can close in as little as 7-10 days, making them ideal for competitive markets like Des Moines and Iowa City.

Are Fix and Flip Loans the same as Hard Money Loans?

Yes, fix and flip loans are a type of hard money loan. They’re specifically designed to help investors quickly secure funds for the purchase and rehab of distressed properties before reselling for profit. Check out our complete guide for fix and flip loans.

Can I finance 100% of my Fix & Flip with a Hard Money Loan?

In Iowa, Ridge Street requires investors to bring 10–20% of the project cost as a down payment. However, experienced investors or first time investors with strong credit may qualify for up to 90% Loan-to-Cost (LTC) and 100% of rehab expenses, effectively covering the full renovation budget.

How Fast can I Close a Hard Money Loan?

In Iowa, Ridge Street can close hard money loans  in as little as 7–10 business days, depending on appraisal and document turnaround.

Do Hard Money Loans Require a Good Credit Score?

While credit score matters, Ridge Street’s hard money loans focus more on the property’s value and your exit strategy. Borrowers who have credit scores as low as 660 are eligible for financing, with better terms available for scores of 740+.

Do you offer DSCR Loans in Iowa?

Yes, we offer DSCR (Debt Service Coverage Ratio) loans in Iowa. We have DSCR Loans For Long Term Rentals and DSCR Loans For Short Term Rentals like Airbnb and VRBO.

How do I Find Good Fix and Flip Deals in Iowa?

Iowa investors often find deals through wholesalers, foreclosures, REO (bank-owned) listings, MLS searches, and local real estate investment groups. Building relationships local real estate agents and wholesalers can give you early access to off-market opportunities. It is extremely important to be patient when looking for deals anf move quickly once you find the right investment.

Can I use a Hard Money Loan for a BRRRR Project in Iowa?

Yes, many Iowa investors use our hard money loans to purchase and rehab a property, then refinance into a long-term DSCR loan to hold it as a rental. Use our BRRRR Calculator to run the analysis on your BRRRR Project.

Do I need an LLC to get a Hard Money Loan in Iowa?

Yes, in Iowa, Ridge Street requires borrowers to purchase fix and flips through an LLC or Corporation. Setting up an LLC is actually quite straight forward process. We can recomend this guide for setting up an LLC in Iowa: Starting An LLC in Iowa

Where can I Learn More about Real Estate Investing in IA?

A great way to get started is by connecting with local REI groups.

In Des Moines, the Iowa Real Estate Investors Association (IAREIA) hosts monthly meetings, workshops, and networking events.

In Eastern Iowa, the REIA of Central Iowa brings together investors to share strategies and deals.
‍
For a statewide and national resource, check out BiggerPockets, where you can connect with Iowa investors, access tools, and read educational articles.

Best Cities To Invest In Real Estate
In Iowa

Des Moines

Des Moines remains Iowa’s most liquid real estate market, with steady population growth, strong employment from insurance and finance, and a diverse renter base. Inventory is competitive in desirable neighborhoods like Beaverdale and West Des Moines, but older housing stock across the East and South sides still provides opportunities for investors willing to tackle cosmetic or functional updates. The consistent churn of renters supports BRRRR and long-term rental strategies, while flips can work when investors buy below-market homes that need modernization.

Iowa City

Iowa City’s housing demand is anchored by the University of Iowa and its medical complex, creating steady rental turnover and strong occupancy rates. Near-campus properties are often tightly held and command higher prices, but older single-family homes and duplexes just outside the core remain attractive for investors targeting value-add renovations. Opportunities often come from dated interiors that can be brought to current rental standards, or larger homes that can be reconfigured to capture student demand. Flips are less common than buy-and-hold plays, but well-priced homes in Coralville and North Liberty can still provide margin with thoughtful updates.

Cedar Rapids

Cedar Rapids offers some of the state’s most approachable price points, making it a good entry market for investors seeking strong rent-to-price ratios. Much of the housing stock is older, particularly near downtown and the river, and while that means diligence on condition is essential, it also creates chances to add value through renovation. Investors regularly find below-market deals needing cosmetic upgrades, and smaller multifamily properties are common for those looking to build rental portfolios. While flooding concerns affect some neighborhoods, stabilized areas continue to attract long-term renters and provide room for solid BRRRR outcomes.

Additional Hard Money Loan Resources

View More

November 9, 2024

Fix and Flip Calculator

Use this Fix and Flip Calculator to analyze the profit of your next fix and flip project.

July 31, 2024

BRRRR Calculator

Use this interactive BRRRR Calculator for evaluating your investment property deals in minutes.

July 9, 2024

Best Fix and Flip Loans for First-Time Investors

What makes a good Fix and Flip Loan for a first time investor and how to secure this capital?

READY TO GET
STARTED

With Ridge Street, obtaining an investment property loan is easier than you think! You can get pre-approved online and a Term Sheet that meets your needs will be sent to you within the same business day.

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