Broker, not a lenderHard Money Lenders inDavenport, Iowa
Fix and flip, DSCR rental and new construction financing for Davenport investors. We do not lend our own money, we shop your deal across a 400+ lender network and come back with real terms you can compare on total cost.
Prefer to talk it through? Call or text Micah at (281) 636-5682.
What you get working with us
Price a Davenport deal right now
Prefilled with a realistic Davenport deal. Change any number and it reprices instantly on the lanes licensed in Iowa, using the same engine behind our term sheets.
Financing a deal in Davenport
Davenport is the biggest city in the Quad Cities, stacked on bluffs above the Mississippi with Rock Island, Moline and Bettendorf around it. The older town climbs the hill from the river in tight grids of 1880s to 1920s brick and frame houses, and the north side flattens into post-war ranches and newer subdivisions. Employers on both sides of the river, from the Rock Island Arsenal to John Deere to the hospitals and Palmer College, keep buyers coming. Homes here have been selling quickly.
The hill decides a lot in Davenport. Houses on the bluff streets near Vander Veer Park and McClellan Heights have the views, the size and the strongest older-home comps, but steep lots bring retaining walls, long driveways and drainage work. The west end and the blocks around Hamburg are cheaper, older and more rental heavy, so a finished house there has a lower ceiling. North of Kimberly Road the stock is ranches and split-levels, the easiest scopes in town. Match the scope to the street and the buyer who shops it.
What a Davenport deal looks like on paper
Davenport example: $130,000 purchase, $50,000 rehab, $255,000 after repair value, 730 credit, first flip. The engine puts that borrower on the First Flip, 10% Down program at 9.99%. Say a 1910s foursquare near Vander Veer Park: roof, a boiler swap or new furnace, a kitchen, a second bath, plaster repair and a dry basement. Every number below is what the instant term sheet prints for that deal, so the picture cannot contradict the page.
- Down payment (10% of purchase plus rehab)You$18,000
- Origination (2.13%)Lender$3,443
- Lender fees (flat)Lender$2,790
- Broker fee (1%)Broker$2,000
- Title and closing (estimate at Texas rates)Title$3,136
- Prepaid interest (15 days)Lender$665
- Property insuranceInsurer$1,710
- AppraisalAppraiser$550
Interest while you rehab: $932 a month on the $112,000 funded at closing, $1,349 once every draw is out. Proof of funds is cash to close plus $13,500 of rehab reserve and $8,092 of interest reserve. Sample borrower, sample address; the sheet is issued by the same engine as the borrower’s instant term sheet.
What we can fund in Davenport
| Program | Down payment | Min credit | Experience | Rate | Origination | Max loan | Term | Close |
|---|---|---|---|---|---|---|---|---|
| Experienced Investor Rate1 | 15% | 680+ | 2+ completed flips | 9.00% | 0.75% | 75% of ARV | 12-24 months | 7-14 days |
| First Flip, 10% Down2 | 10% | 660+ | First flip OK | 9.99% | 2% | 75% of ARV | 12 months | 21-30 days |
| 7.5% Down, 3+ Flips3 | 7.5% | 660+ | 3+ completed flips | 9.99% | 1.5% | 75% of ARV | 12 months | 21-30 days |
| 5% Down, 3+ Flips4 | 5% | 600+ | 3+ completed flips | 12.00% | 2% | 75% of ARV | 12 months | 7-14 days |
| 5% Down, 5+ Flips5 | 5% | 660+ | 5+ completed flips | 9.99% to 10.99% | 2% | 75% of ARV | 9-24 months | 10-14 days |
| 100% Financing, 2+ Flips6 | 0% (100% financing) | 620+ | 2+ completed flips | 9.50% to 12.00% | 2.5% | 70% of ARV | 9 months | 7-14 days |
- Rate and origination are the program floor; two completed projects in the last 36 months preferred.
- Rate 9.99% at 2 to 2.25 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 87.5% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
- Rate 9.99% at 1.5 to 1.75 points by credit; buy down to 8.99%. Loans under $150,000 add 0.5% to the rate and half a point, under $100,000 1.5% and a point. Under 680 credit the loan caps at 90% of cost. Standard interest, charged only on funds drawn. The loan is capped at a share of purchase plus rehab, the full rehab held back for draws, and the ARV must be at least 1.25 times purchase plus rehab. Processing $500, legal $1,495 and underwriting $795.
- Rate from 12%, set per file. Origination steps down with experience: 1.5% at 5+ deals, 1% at 8+.
- Rate is set per file from 9.99%; origination about 2% plus a $995 processing fee.
- Needs 2 completed flips in the last two years and about $75,000 in verified liquidity. Rate 9.5% to 12% and 2 to 3 points, set per file. Purchase plus rehab must fit under 70% of ARV.
Origination has a $2,000 minimum on every program and the broker fee is 1% with a $2,000 minimum. These are the numbers the instant term sheet uses as of October 2026. Strong credit, cash and a track record can price lower through specific lenders in the network.
Where Davenport prices sit right now
Before we price a Davenport flip, we look at where sales in the city sit today. Your block can run well above or below these numbers, so treat them as the starting point, not the answer.
Redfin puts the Davenport median sale price at $218,000 for the three months ending September 2026, up 9.4% on a year earlier, with homes selling in around 14 days.
| Median sale price, Davenport (Redfin, 3 months to Sep 2026) | $218,000 |
| Change from a year earlier (Redfin) | +9.4% |
| Days on market, Davenport (Redfin) | 14 |
Sources: Redfin, Davenport housing market
How a Davenport file actually gets priced
Scott County appraisers comp hard by neighborhood and era, so we set the ARV on renovated sales of similar age near the subject, using the last 90 days where the count allows. A north side ranch won’t support a 1910s house on the bluff, and vice versa. Iowa handles title differently from every other state: private title insurance isn’t sold here, so closings rely on an abstract, an attorney’s title opinion and the state’s Iowa Title Guaranty program. Leave a little time for that paperwork in your closing date.
Davenport is the largest city on the Mississippi without a permanent floodwall, and in 2019 a temporary barrier failed and put the river into downtown. Low ground near the riverfront, Duck Creek and Blackhawk Creek needs a flood check and an insurance quote before you offer. On the bluffs, slope and runoff are the issues: cracked retaining walls, wet basements and settling porches. The older stock means lead paint, old wiring and clay sewer laterals, and Iowa’s radon levels make a test and fan a standard line item.
Who buys your finished Davenport deal
The finished Davenport house sells to a Quad Cities buyer: an Arsenal civilian, a Deere engineer, a nurse, a young family moving up from a rental. Many shop Bettendorf too, so your house is up against newer homes with a different school district, and the finish has to be clean and dry. Older houses on the bluff with character sell well when the mechanicals are done. On the west end, rents often support a DSCR refinance if the resale ceiling feels tight.
Your whole loan, in one portal
Apply once and the whole Davenport loan lives in the borrower portal: the term sheet you can accept and sign in the browser, where the loan stands, one place for documents, and the list of what the lender is still waiting on. These are real screens from the portal.
What we fund in Davenport
Fix & Flip
Purchase plus 100% of rehab, released in draws. The core product in Davenport.
DSCR Rental
Qualifies on the property’s rent, not your W-2. The usual exit when a flip becomes a hold, and the long-term financing on a BRRRR.
New Construction
Ground-up for builders and infill developers, with a draw schedule matched to the build timeline.
Where we lend in Davenport
We broker deals across the whole Davenport market. These are the submarkets investors ask us about most:
From deal to funded
Send the deal
Address, purchase price, rehab budget and your ARV. Three minutes, no credit pull.
We shop it
Your scenario goes to the lenders in our network that actually fit it and are licensed in Iowa, not all 400 at once.
Real terms back
Rate, origination, leverage and cash to close side by side, so you can compare on total cost.
Close
Plan on 7-14 days with completed flips and 21-30 days on a first flip. We stay on title and the lender through funding.
Davenport hard money FAQ
Do you lend hard money in Davenport?
Which fix and flip programs apply in Davenport?
How fast can a Davenport hard money loan close?
How much do I need to bring to close on a Davenport flip?
Do you fund the rehab budget in Davenport?
What credit score do I need for a Davenport fix and flip loan?
Can I refinance a Davenport flip into a rental loan?
Can I finance my first flip in Davenport?
Will you lend on a Davenport house near the river?
Before you sign anything
Ready to fund your Davenport deal?
Submit your scenario in under 3 minutes. We shop it and come back with real terms, not a generic rate sheet.