West Capital Lending
Randy Mathis
All States

Mortgage Broker in Iowa

Licensed to originate mortgages in Iowa (IA) through West Capital Lending. Purchase, refinance, and investment property loans with access to over 160 lenders.

Last updated: April 2026

Key Facts

Randy Mathis is a licensed mortgage broker serving Iowa through West Capital Lending (NMLS# 1516760). Available programs include Conventional, FHA, VA, Non-QM, DSCR, Bank Statement, HELOC, Reverse Mortgage, and Commercial loans. The conforming loan limit in Iowa is $806,500 for 2026.

Mortgage Lending in Iowa

Iowa consistently ranks among the most affordable states for homeownership in the United States, with median home prices well below the national average. The state's stable economy, anchored by agriculture, insurance, and financial services, supports steady housing demand. Iowa also has strong community banking relationships, but working with a broker provides access to a wider range of competitive programs.

With access to over 160 lenders through West Capital Lending, I can shop your loan across multiple investors to find the best rate and terms available for your specific situation in Iowa. Whether you are a first-time homebuyer, looking to refinance, or building an investment portfolio, I have programs designed to fit your needs.

Available Loan Programs in Iowa

Conventional

Traditional financing with as little as 3% down. Competitive rates for purchase and refinance.

Learn more

FHA

Government-backed loans with 3.5% down and flexible credit requirements for first-time buyers.

Learn more

VA

Zero down payment and no PMI for eligible veterans, active-duty, and qualifying spouses.

Learn more

Non-QM / DSCR

Bank statement, DSCR, asset depletion, and other flexible programs for self-employed and investors.

Learn more

HELOC / HELoan

Access your home equity with a line of credit or fixed-rate home equity loan.

Learn more

Reverse Mortgage

Convert home equity into cash with no monthly mortgage payments for homeowners 62 and older.

Learn more

Commercial

Financing for commercial properties, mixed-use buildings, and business real estate needs.

Learn more

Frequently Asked Questions

What are the conforming loan limits in Iowa?
Iowa follows the standard conforming loan limit of $806,500 for single-family homes in 2026 across all counties. Given Iowa's affordable housing market, most home purchases fall well within this limit, making conventional financing accessible to the majority of buyers.
Does Iowa have first-time homebuyer programs?
Yes, the Iowa Finance Authority (IFA) offers the FirstHome and Homes for Iowans programs with down payment and closing cost assistance. These programs include grants and forgivable second mortgages that can be combined with FHA, VA, or conventional first mortgages.
Can I get a reverse mortgage in Iowa?
Yes, reverse mortgages (Home Equity Conversion Mortgages) are available in Iowa for homeowners age 62 and older. A reverse mortgage allows you to convert home equity into cash without monthly mortgage payments, which can be a valuable financial tool in retirement.
Is Randy Mathis licensed to lend in Iowa?
Yes, Randy Mathis (NMLS# 1516760) is licensed to originate mortgages in Iowa through West Capital Lending. Randy serves borrowers throughout the state with access to over 160 lenders for purchase, refinance, and investment property financing.
What are property taxes like in Iowa?
Iowa's property tax rates vary by county and are based on assessed property values. While rates can be moderate, Iowa offers a Homestead Tax Credit for primary residences that reduces your taxable property value. Understanding property taxes is important when calculating your total monthly housing payment for mortgage qualification.

Ready to Get Started in Iowa?

Let me find you the best mortgage rate from our network of 160+ lenders. Apply online or schedule a call to discuss your options in Iowa.

Schedule a CallApply Now

Randy Mathis NMLS# 1516760 | West Capital Lending NMLS# 1566096 | NMLS Consumer Access