Lender Recommendations Central Iowa

6 Replies

I will be closing my first deal in January of 2018 on an off market SFH to hold as a rental. My goal is to close a minimum of another 5 deals in 2018. I have access to $20-$30K for downpayment etc. 800+ credit score, a good paying job, and need to find a local REI friendly lender to not only lend money but perhaps even lend advice on best ways to get my 30K to work for me.

Property under agreement is in Des Moines proper but I will be looking to buy in the surrounding communities to the south as well (Indianola, Norwalk, West Des Moines, Carlisle).

I could go to a big bank and finance this first house but I would like to start a long term relationship now. I know I could just start calling banks and will do that if I don't get any good leads here, but thought I might save myself a few phone calls by asking the experts (you) for help.

Any recommendations on bankers/lenders for long term financing would be greatly appreciated.

Give Larry Wolf a call at Hardin County Savings Bank in Eldora IA.  If you want a good lending relationship and advice, he's your guy. 

I would highly recommend Central Bank for financing. I have used them not only for personal use, but for real estate investing and other business ventures.

@Tyler Aube Can you recommend a particular person you work with there and which branch?

Originally posted by @Gary White :

@Mitch Coluzzi What branch does Larry work out of?  There are several.

The main branch in Eldora. Office number is 6419395096.

Originally posted by @Gary White :

@Mitch Coluzzi What branch does Larry work out of?  There are several.

The main branch in Eldora. Office number is 6419395096.

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