Iowa leans on the courts for mortgage foreclosure, with a statutory redemption period of one year from the sale unless a shorter period or foreclosure without redemption applies. Chapter 655A adds a separate non-judicial track for non-agricultural mortgages that begins with a thirty day notice. For construction work, the mechanic's lien statement of account may be posted within two years and ninety days after the last labor or material. Iowa's emergency agency also records the 1993 flood among its major disasters.
World's Fair Capital makes business purpose loans to real estate investors in Iowa: fix and flip, DSCR rental, bridge and ground-up construction. This page covers points that most often matter to an investor there, each checked against the statute or agency that publishes it. It is general information, not legal or tax advice, and terms for any loan are set at underwriting.
Prepared by the WFC editorial team. Facts checked against the cited sources, last reviewed 2026-10-11.
Which describes you?
How a Iowa loan works with us
- 1Start your application
Fill out a short application in our secure portal.
- 2Review the term sheet
We prepare a term sheet for you to review and e-sign.
- 3Underwriting
Our team works the file and sends a clear document checklist.
- 4Closing
We close and fund through the title or closing agent.
What investors should know about Iowa
Foreclosure in court
Iowa Code 654.1 says a deed of trust or mortgage of real estate is foreclosed by an action in court by equitable proceedings, except as provided in section 654.18.
Source: Iowa Code 654.1, checked 2026-10-11
Redemption after sale
Iowa Code 628.3 lets the debtor redeem within one year of the sale, with the first six months exclusive. Section 628.26 allows shorter periods by agreement for smaller properties.
Source: Iowa Code 628.3, checked 2026-10-11
Foreclosure without redemption
For non-agricultural land, a plaintiff may elect foreclosure without redemption, and the statute sets sale timing of two, three or six months depending on facts.
Source: Iowa Code 654.20, checked 2026-10-11
Non-judicial track for non-agricultural mortgages
Chapter 655A provides a separate non-judicial procedure that starts with a written notice giving the mortgagor thirty days to cure or reject.
Source: Iowa Code 655A.3, checked 2026-10-11
Mechanic's lien posting deadline
Iowa Code 572.9 requires a contractor's or subcontractor's statement of account within two years and ninety days after the last material or labor.
Source: Iowa Code 572.9, checked 2026-10-11
Flood history
Iowa Homeland Security and Emergency Management lists the 1993 flood among the state's major disasters.
Source: Iowa HSEMD, checked 2026-10-11
General information, not legal or tax advice. Confirm details with your own counsel or title agent.
For brokers
Placing a deal in Iowa?
Your client stays your client. We work the deal with you, not around you.
Your compensation is written into the Letter of Intent your client reviews and e-signs, before underwriting begins.
Register in the portal to submit deals online, use program sheets and calculators, and track every file.
Questions on a Iowa deal? Call 800-590-7911 (Mon–Fri 8:00 AM – 5:00 PM EST).
What to send for a first look
- Property address and type
- Purchase price, or current value on a refinance
- Loan amount requested and what it is for
- Rehab or construction budget, if any
- Current or expected rent on a rental
- The borrower's experience and estimated credit score
- Your timeline to close
Loan programs for Iowa investors
- Hard Money Loans
- Fix & Flip Loans
- Rental / DSCR Loans
- Ground-Up Construction Loans
- Commercial Bridge Loans
- Multifamily Bridge Loans
- Small Balance Commercial Loans
- Foreign National Loans
- FlexCap Business Bridge Loans
Program availability varies by property and borrower. Business purpose loans only.
Have a deal in Iowa?
Call 800-590-7911 (Mon–Fri 8:00 AM – 5:00 PM EST) or start online.
Nothing on this website constitutes a commitment, approval, or guarantee of financing.
Rates, fees, terms, timelines, and program descriptions are subject to change without notice.
Any investor-related or capital discussion is not an offer to sell, a solicitation to buy, or a recommendation of any security or investment product.