Loan programs in Des Moines
DSCR Loans in Des Moines
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
InvestorFix and Flip Loans in Des Moines
A fix and flip loan is short-term (usually 12–18 months), interest-only financing that covers most of a distressed property’s purchase price and up to 100% of renovation costs, repaid when you sell or refinance.
InvestorDSCR Cash-Out Refinance in Des Moines
A DSCR cash-out refinance replaces the loan on a rental with a larger one, sized to the property’s value and qualified on its rent, and pays you the difference in cash.
InvestorShort-Term Rental (Airbnb) DSCR Loans in Des Moines
A short-term rental DSCR loan qualifies a vacation rental on its nightly-rental income, using 12 months of booking history or a third-party projection such as AirDNA, instead of a long-term lease.
Home loanBank Statement Loans in Des Moines
A bank statement loan is a non-QM mortgage that calculates self-employed income from 12 or 24 months of personal or business bank deposits instead of tax returns.
Home loanFHA Loans in Des Moines
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Home loanFirst-Time Homebuyer Loans in Des Moines
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
Home loanVA Loans in Des Moines
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
Home loanCondo Loans in Des Moines
A condo loan is a mortgage on a unit in a condominium project, and approval depends on the building as well as the buyer.
Why borrowers look at Des Moines
Housing in Des Moines (Polk County) skews toward established neighborhoods with a mix of older and newer stock. For investors, the play is the same as across Polk County: verify rents against the payment with a DSCR calculation before writing an offer, and confirm insurance costs early.
Local market snapshot: Des Moines
| Median home value | $208,000Iowa (statewide) · Source: U.S. Census Bureau |
|---|---|
| Median gross rent | $972/moIowa (statewide) · Source: U.S. Census Bureau |
| Effective property tax rate | 1.33% (approx.)Iowa (statewide effective, approx.) · Source: National Mortgage Center |
Homeowners insurance: Hail and tornadoes - including derecho risk - are the top drivers; winter storms add freeze claims.
Figures are the most local reliable public data available (city, then county, then statewide), each labeled above. They are context for your payment estimate, not a quote, run your scenario through our payment calculator.
Before you buy or refinance in Des Moines
- Pull the Polk County property tax bill early; it is part of every payment and DSCR calculation.
- Get an insurance quote before you lock a price.
- For rentals, check rent comps and any local rental registration or short-term rental rules in Des Moines.
Run the numbers
- DSCR Calculator
- Fix and Flip Profit Calculator
- Mortgage Payment Calculator
- Home Affordability Calculator
Other Iowa cities
FAQ
What loans can I get in Des Moines, IA?
Investor loans (DSCR, fix and flip, cash-out, short-term rental) and owner-occupied home loans (bank statement, FHA, VA, conventional and more).
Who assesses property taxes in Des Moines?
Polk County. Lenders include those taxes in the monthly payment used to qualify you.