✦ ExitFirst · More money in your pocket, every month

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

Interest-only payments for 5, 7, or 10 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
ExitFirst 10
–
IO · 10-yr · balloon · no conversion
Convert to EquityBoost at balloon
20% 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.
IO
Interest-only payments during your 5-, 7-, or 10-year term
$0
Principal paid during the IO term — full balloon due at term end
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 payments), 7 (84 payments), or 10 (120 payments). All 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 — on ExitFirst 5 and 7 — convert to EquityBoost's 30-year structure with a 20% interest credit. ExitFirst 10 is balloon-only: sell or refinance.

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 5–10 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 →
ExitFirst 5 and 7 require dual qualification — you must also qualify for the full EquityBoost 30-year payment at origination, so you can always convert at the balloon if your plans change. ExitFirst 10 is balloon-only: it qualifies on DSCR alone, with no EquityBoost-payment requirement.
Not sure which loan?

Can't decide which loan you need?

Answer three quick questions and we'll point you to the right loan — and the right term — for your strategy. No credit pull, no commitment.

Question 1 of 3
What's your main goal with this property?
Question 2 of 3
When do you expect to sell, refinance, or fully exit?
Question 3 of 3
How do you feel about a balloon payment at the end of the term?

Choose ExitFirst (5 / 7 / 10) if…

  • You have a contract buyer or a planned exit — we match the term (ExitFirst 5, 7, or 10) to your timeline.
  • You're selling on contract / contract-for-deed — collect the buyer's payment, pay interest-only, and keep the spread.
  • You want to use your equity as cash flow now — redeploy it into down payments on more homes as you scale.
  • You'd rather keep your cash now than build equity and borrow it back later with a HELOC.
  • You're confident you can put that cash to work at a higher return elsewhere.

Choose EquityBoost (30-yr) if…

  • You're holding long term and want equity to build automatically every month.
  • You're conservative — no balloon, no refinance pressure, no forced exit.
  • You want rate protection — fixed for 30 years, immune to rising rates.
  • You'd rather not rely on discipline — the loan does the saving for you.
  • You're investing for retirement income, legacy, or a downturn-resilient cushion.
General guidance to help you compare — not a recommendation, financial advice, or a commitment to lend. Business-purpose investment loans to Iowa LLC borrowers, subject to underwriting and DSCR qualification. Talk with us about your specific situation.
Cash flow calculator

See your exact numbers.

Enter your property details. See your IO payment, monthly cash flow, and DSCR.

Connecting… · ExitFirst IO Payment · updates daily
$200K
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/mo IO
$300K
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/mo IO
$320K ✦
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$600K
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/mo IO
EF5 interest-only payment shown · EF7 and EF10 slightly higher · does not include taxes/insurance · Not a commitment to lend.
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See If You Qualify →
Connecting to live rate…
Your ExitFirst Numbers
ExitFirst 5 · Interest-only · Iowa LLC · $320K reference · Live rate
IO Monthly Payment
–
Principal Paid (IO term)
$0
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
–
Side-by-side comparison

ExitFirst vs
everything else.

Iowa investment property financing options, laid out side by side.

Category ExitFirst 5 ✦ ExitFirst 7 ExitFirst 10 EquityBoost 30-yr Hard Money / Bridge
Structure IO · 5-yr balloon IO · 7-yr balloon IO · 10-yr balloon 30-yr fixed · no balloon 12–24 mo · IO + balloon
Monthly Payment – – – – Varies
Income Verification DSCR only DSCR only DSCR only DSCR only Asset-based
Balloon Risk Yes · planned exit Yes · planned exit Yes · planned exit None — 30 years Yes · forced · 12–24 mo
Principal Built None during IO None during IO None during IO Every month None
Conversion Option → EquityBoost · 20% credit → EquityBoost · 20% credit None — balloon only N/A Refinance required
Iowa LLC Title Required ✓ Required ✓ Required ✓ Required ✓ LLC OK
✦ ExitFirst 5 highlighted. ExitFirst payments based on $320,000 loan at live T10 rate. Not a commitment to lend.
Maximum Cash Flow. Clean Exit.

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

Short-term bridge loans typically carry a 12-month balloon; ExitFirst uses a 5-, 7-, or 10-year term you select — 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-, 7-, or 10-year runway — not 12 months
If plans change, convert to EquityBoost with a 20% interest credit (ExitFirst 5 and 7)
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 — ExitFirst 5 & 7

On ExitFirst 5 and 7, you must also qualify for the full EquityBoost 30-year payment at origination — this guarantees you can convert to the permanent structure at balloon if your plans change. ExitFirst 10 is balloon-only, so it qualifies on DSCR alone with no EquityBoost-payment requirement.

✓ EquityBoost payment qualifies (EF 5 & 7)
Common questions

Everything you want
to know.

At the balloon date (month 60 for ExitFirst 5, month 84 for ExitFirst 7, month 120 for ExitFirst 10), 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) On ExitFirst 5 and 7, convert to EquityBoost's 30-year structure — a 20% interest credit is applied to your new balance, and your rate is capped at the original EF rate plus 200 basis points. ExitFirst 10 is balloon-only and does not convert; you exit by sale or refinance.
When you convert from ExitFirst to EquityBoost at the balloon date, 20% 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. Note: ExitFirst 10 does not include a conversion option — it is a balloon-only loan, so the interest credit does not apply to it.
ExitFirst 10 is a 10-year interest-only loan with the full principal balance due as a balloon at month 120. It offers the longest interest-only runway of the three terms and the lowest monthly payment relative to an amortizing loan, which maximizes cash flow during a longer hold. Because of the longer horizon, ExitFirst 10 does not include the EquityBoost conversion option that ExitFirst 5 and 7 offer — at maturity you exit by selling the property or refinancing to pay off the balloon. Like the other terms, it uses DSCR-only underwriting at a 1.0× minimum, requires an Iowa LLC borrower, and builds no principal during the interest-only period.
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 applies to ExitFirst 5 and 7, the terms that carry the conversion option. It's a consumer protection: conversion only works if you can actually qualify for the 30-year structure at balloon, so 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 10 is balloon-only — it has no conversion option, so there's no EquityBoost-payment qualification; it qualifies on DSCR alone.
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. ExitFirst is a private, non-QM, business-purpose 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.