✦ ExitFirst · More money in your pocket, every month

Maximum cash flow.
Clean exit when
you're ready.

Interest-only payments for 5 or 7 years. No income verification. No W-2. DSCR only. Your rental income carries the loan — full balloon due when you sell or convert to EquityBoost.

Apply Now → Run the Numbers
Interest-only payments
DSCR underwriting only
Iowa LLC borrowers
Converts to EquityBoost
ExitFirst Payment Preview
$320K loan · 20% down · Live rate
Select Your Term
ExitFirst 5
–
IO · 5-yr · balloon at month 60
ExitFirst 7
–
IO · 7-yr · balloon at month 84
vs. Conventional
–
5-Yr Cash Flow Gain
–
Convert to EquityBoost at balloon
60% interest credit applied · rate capped at closing
Built-in option
DSCR Min
1.0×
Down Payment
20%
$400,000 purchase · 20% down · $320,000 loan · Interest-only payment. Figures update with live T10 rate. Not a commitment to lend.
–
Monthly savings vs. conventional (EF5, $320K)
–
5-year cumulative cash flow advantage
1.0×
DSCR minimum — rental income qualifies you
0
W-2s, tax returns, or income docs required
How ExitFirst works

Built for investors
with a clear exit plan.

ExitFirst gives you maximum monthly cash flow during your hold period, with a clean payoff at the end — or a built-in path to convert into EquityBoost's 30-year structure.

Step 01

Qualify on DSCR

No W-2, no tax returns, no personal income. Your Iowa investment property's rental income is the qualification. 1.0× DSCR minimum based on appraiser's market rent opinion.

Step 02

Choose Your Term

Select ExitFirst 5 (60 monthly payments) or ExitFirst 7 (84 monthly payments). Both are interest-only — the full principal balance is due at the balloon date.

Step 03

Collect Cash Flow

Pay interest-only every month. Your rental income covers the payment with room to spare. Maximum cash-on-cash return during your hold period with zero principal drag.

Step 04

Exit or Convert

At balloon: sell the property and pay off the loan, refinance elsewhere, or exercise the built-in conversion option to EquityBoost's 30-year structure with a 60% interest credit.

Know your strategy

ExitFirst vs EquityBoost

Two products. One question: are you building long-term equity, or maximizing cash flow for a planned exit?

ExitFirst — This Page

You have a clear exit.

You're buying to hold for 5–7 years, then selling or refinancing. You want maximum cash flow during the hold period. Balloon risk is acceptable because you have a plan.

  • Lowest possible monthly payment
  • Maximum cash-on-cash return during hold
  • Balloon at sale — no principal built during IO period
  • Option to convert to 30-year EquityBoost at balloon
EquityBoost — 30-Year

You're building a portfolio.

You're buying to hold long-term. You want straight-line principal reduction every month, no balloon risk, and a payment that never changes for 30 years.

  • Straight-line principal reduction from day one
  • No balloon — fixed for 30 years, no refi pressure
  • Declining Finance Charge — more equity per year
  • Assumable on qualified resale
View EquityBoost 30-Year →
Both products require dual qualification — you must qualify for the full EquityBoost 30-year payment at origination, even on ExitFirst. This protects you at conversion.
Cash flow calculator

See your exact numbers.

Enter your property details. See your IO payment, monthly cash flow, DSCR, and how ExitFirst compares to a conventional investor loan at every number.

Connecting… · ExitFirst IO Payment · updates daily
$200K
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/mo IO
$300K
–
/mo IO
$320K ✦
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/mo IO
$500K
–
/mo IO
$600K
–
/mo IO
EF5 interest-only payment shown · EF7 slightly higher · does not include taxes/insurance · Not a commitment to lend.
$
$
$
$
See If You Qualify →
Connecting to live rate…
Your ExitFirst Numbers
ExitFirst 5 · Interest-only · Iowa LLC · $320K reference · Live rate
IO Monthly Payment
–
vs. Conventional
–
Balloon at Term End
–
Monthly Cash Flow Breakdown
Gross rent –
ExitFirst IO payment –
Taxes + insurance –
Net monthly cash flow –
Calculating…
1.0× minimum on appraiser's rent opinion
–
Cumulative cash flow advantage vs. conventional
Year EF Payment Conv Payment Cumul. Savings
Enter loan details above
Side-by-side comparison

ExitFirst vs
everything else.

Iowa investment property financing options laid out honestly. No marketing spin — just the real numbers.

Category ExitFirst 5 ✦ ExitFirst 7 EquityBoost 30-yr Conventional Investor Hard Money / Bridge
Structure IO · 5-yr balloon IO · 7-yr balloon 30-yr fixed · no balloon 30-yr amortizing 12–24 mo · IO + balloon
Monthly Payment – – – – Higher cost
Income Verification DSCR only DSCR only DSCR only W-2, tax returns, DTI Asset-based
Balloon Risk Yes · planned exit Yes · planned exit None — 30 years None — 30 years Yes · forced · 12–24 mo
Principal Built None during IO None during IO Every month Standard amort. None
Conversion Option → EquityBoost · 60% credit → EquityBoost · 60% credit N/A N/A Refinance required
Iowa LLC Title Required ✓ Required ✓ Required ✓ Personal name only LLC OK
✦ ExitFirst 5 highlighted. All payments based on $320,000 loan at live T10 rate. Conventional uses T10+200bps. Hard money benchmark: 11% IO. Not a commitment to lend.
Maximum Cash Flow. Clean Exit.

The balloon isn't
the risk. Surprise
is the risk.

Hard money puts you on a 12-month clock with a balloon you didn't plan for. ExitFirst gives you a 5 or 7-year runway with a balloon you chose — and a built-in conversion path if your plans change. Know your exit before you sign.

Interest-only keeps your monthly payment as low as possible
5 or 7-year runway — not 12 months
If plans change, convert to EquityBoost with a 60% interest credit
Apply Now →
Iowa investment property
Qualification requirements

What you need
to qualify.

ExitFirst uses the same DSCR underwriting as EquityBoost — no income docs, no W-2s. Your property carries itself.

🏢

Iowa LLC Required

The property must be titled in an Iowa LLC or corporation in good standing. Personal name only is not eligible for our investment loan program.

✓ Active Iowa LLC
📊

DSCR 1.0× Minimum

Monthly rent ÷ (IO payment + taxes + insurance) must equal 1.0× or higher, based on the appraiser's independent market rent opinion — not your lease.

✓ Rent / PITIA ≥ 1.0×
💳

680+ FICO

Personal guaranty required from the primary LLC member stake. Minimum 680 FICO on the personal guaranty. No income verification — credit score only.

✓ 680 FICO minimum
🏠

Iowa Property

Single-family or 2–4 unit residential investment property in Iowa. Non-owner-occupied only. Urban, suburban, or rural — Iowa-wide.

✓ Iowa SFR or 2–4 unit
💰

20% Down · 80% LTV

Minimum 20% down payment verified at closing. Loan range $200,000–$600,000. Must be seasoned funds — not a recent transfer.

✓ 20% min · $200K–$600K
🔄

Dual Qualification

You must also qualify for the full EquityBoost 30-year payment at origination. This ensures you can convert to the permanent structure if your plans change at balloon.

✓ EB2 payment qualifies
Common questions

Everything you want
to know.

At the balloon date (month 60 for EF5, month 84 for EF7), the full principal balance is due. You have three options: (1) Sell the property and pay off the loan from proceeds. (2) Refinance with another lender. (3) Convert to EquityBoost's 30-year structure — a 60% interest credit is applied to your new balance, and your rate is capped at the original EF rate plus 200 basis points.
When you convert from ExitFirst to EquityBoost at the balloon date, 60% of the total interest-only payments you made during the IO period is credited toward your new loan balance. This partially compensates for the fact that no principal was paid down during the IO period, making the conversion economics significantly more favorable than a standard refinance.
No. ExitFirst uses DSCR underwriting — your rental property's income is the qualification. We do not require W-2s, tax returns, pay stubs, or employment verification. You will need to provide your Iowa LLC documents and personal guaranty information, and the property must appraise with a market rent opinion from the appraiser (Form 1007) supporting 1.0× DSCR coverage.
This is a consumer protection built into the product. ExitFirst's conversion option only works if you can actually qualify for the 30-year structure at balloon. By requiring dual qualification at origination, we ensure you're never forced into a refinance with no options — you always have the ability to convert. The EquityBoost qualifying payment is based on the EF rate plus 200 basis points maximum, so you'll know your worst-case conversion rate upfront.
ExitFirst is structured as an interest-only loan for the full term. There is no scheduled principal reduction during the IO period. You may make additional principal payments subject to the prepayment terms in your note — consult your loan documents. The full balloon balance due at maturity reflects the original loan amount (minus any voluntary prepayments).
ExitFirst currently underwrites based on long-term market rent as determined by the appraiser's Form 1007 rent schedule. Short-term rental income projections are not used for DSCR qualification. The property must qualify on long-term market rent at 1.0× coverage, regardless of your intended rental strategy.
Ready to apply

Know your exit.
Start your application.

No credit pull. No commitment. Get pre-qualified in minutes and see your exact ExitFirst payment on your property.

Apply Now — ExitFirst → View EquityBoost 30-Yr →
ExitFirst is a product of EquityBoost LLC, Des Moines, Iowa. Iowa NMLS license in process. ExitFirst is a private, non-QM investment property loan — not a consumer mortgage product. Loan approval subject to underwriting, appraisal, and DSCR qualification. Not a commitment to lend. Iowa LLC borrowers only. FICO 680+. 20% minimum down payment. $200,000–$600,000 loan range. Iowa property only.