For Iowa investors who already own two or more rentals
DSCR. Qualified on rent, not your tax returns.
Already own two or more rental properties in Iowa? A DSCR loan looks at what the property rents for. Not your tax returns, not your W-2s, not your debt-to-income. Send Mike the address and the expected rent. He calls back with a straight yes or no on whether it cashflows. Free. No application. No credit pull.
Get your DSCR numbers
Two details is all it takes. No paperwork, no credit pull, no cost.
Two rentals in, and the paperwork stops telling your story.
After a couple of rental properties, your tax returns and pay stubs quit showing what's actually happening. Write-offs and depreciation make your income look smaller on paper than it really is in your bank account. A regular lender adds up your mortgages, runs your debt-to-income, and says no. Or hands you a deal that barely works.
You're not broke. Your paperwork just doesn't tell the truth about your rentals anymore.
Here's the fix: a DSCR loan skips your tax returns entirely. It looks at the property. If the rent covers the payment, the property qualifies. Not you.
DSCR vs. a standard investor loan
| What matters | DSCR loan | Standard investor loan |
|---|---|---|
| What qualifies you | The property's rent | Your income & tax returns |
| Paperwork needed | Address & expected rent | Tax returns, W-2s, pay stubs |
| Debt-to-income counted | No | Yes |
| LLC vesting | Allowed | Varies by lender |
| Term | 30-year fixed available | Varies |
| Purchase or cash-out | Both | Both |
| Property size | 1 to 4 units | Varies |
| Where it can be written | Iowa-based broker | Varies |
What's included when you go DSCR with Mike
- ✓Purchase or cash-out refinance
- ✓Single-family homes up to 4-unit properties
- ✓Vest the property in an LLC — allowed
- ✓30-year fixed rate available
- ✓Local Iowa broker, a real person calls you back
- ✓A named loan officer, Mike, who calls back with real numbers
- ✓A free cashflow check first — no application, no credit pull
Is this you?
This is for you if
You already own two or more rental properties, and you're buying or refinancing a property with one to four units. You want a fast, honest answer based on rent, not a pile of tax paperwork.
This isn't for you if
You're buying your first home ever, or you need commercial multifamily financing with balloon terms on a large apartment building. This offer is built for rental investors.
How it works
Send the address & expected rent
Two minutes. No paperwork, no credit pull.
Mike calls you back
By the next business day, with a straight yes or no on whether it cashflows.
You decide
Only then do you choose whether to apply. Nothing moves until you say go.
What's the catch?
No catch. The loan is underwritten off the property, not your personal file. Mike compares what the property rents for against its payment. If the rent covers it, the property qualifies. That's the whole test.
Will this hurt my credit?
No. The first look at your numbers is free and does not pull your credit.
What if the answer is no?
Then you hear it straight, before you've spent a dollar. Mike will tell you why, so you know exactly where you stand before deciding anything.
Get a straight answer, free
Send the address and expected rent. Mike calls back with a real yes or no.
Get my DSCR numbersWhat real clients say about Mike
"Fast, professional, and reliable service. They worked hard to get me the best rate possible and kept me updated every step of the way. Highly recommend!"
"Mike Steger was great to work with all three times. This is the third loan my family has went through Iowa Mortgage Solutions... When Mike says let him make it happen he does just that."
"Amazing people to work with. ... Mike, Mike and Marcy were amazing and worked with us and always checked in with us and made sure everything was done. ... 1000% recommend!"
Know before you spend a dollar.
Send the address and the expected rent, and Mike calls you back by the next business day with a straight yes or no on whether the property cashflows. No application. No credit pull. Nothing to pay. And if the answer is no, you hear it before you've spent a dollar or taken a hard credit inquiry.
Leave a message and a mortgage consultant calls you back immediately or the next business day.
Mike tells you up front if credit is going to be an obstacle, before you apply.
One-on-one attention: Mike lays out any obstacles up front, before you apply.
Questions investors ask
Can I vest the property in an LLC?
Yes. LLC vesting is allowed on DSCR loans.
Can I do a cash-out refinance?
Yes. DSCR works for both purchases and cash-out refinances.
How many units can the property have?
Single-family homes up to 4-unit properties.
Is this only for Iowa properties?
No. Mike writes DSCR loans nationwide, even though Iowa Mortgage Solutions is based right here in Iowa.
Does sending my info pull my credit?
No. The first look at your numbers is free and does not pull your credit.
Who actually calls me back?
Mike, a loan officer, not a call center. He'll walk through your numbers with you personally.
What if my property doesn't cashflow?
Mike tells you that straight, so you know before you spend a dollar or apply for anything.
Send Mike the address. Get your answer.
Free. No application. No credit pull. Just a straight yes or no on whether your rental cashflows.