Double Close Funding in Iowa | Swift Deal Funding
Double Close funding in Iowa
Double close funding lets an Iowa wholesaler buy from the seller (A-to-B) and resell to the end buyer (B-to-C) the same day, through one closing agent, without parking their own cash in the middle leg. We wire the money that closes the A-B side and recover it from the C-buyer’s proceeds.
Iowa is a steady Midwest market with consistent flip activity in metro Des Moines and reliable flow in Cedar Rapids and Davenport. Prices are moderate and the market avoids the wild swings of coastal metros, which suits wholesalers who prize predictable deal flow. Funded amounts here commonly run $100,000–$350,000, with capacity up to $100,000,000+ on larger transactions.
How a double close closes in Iowa
Two Iowa facts matter. First, Iowa is a wet-funding state, so the closing agent can disburse at the table once funds and documents are in place — keeping the same-day A-B-C sequence efficient.
Second, and more distinctive: Iowa does not use conventional title insurance the way most states do. It relies on an abstract of title examined by an attorney, frequently backed by Iowa Title Guaranty, a state-run program. For a double close, the abstract must be continued (updated) through each transfer, which can add a coordination step versus an insurance-only state. Closings are handled by title companies or closing attorneys; one agent runs both legs. Local note: loop in your closing agent and abstractor early so the abstract continuation doesn’t bottleneck a same-day close.
Pricing
Tiered flat fee on the funded amount, collected at close, nothing upfront:
| Funded amount | Fee |
|---|---|
| Up to $1,000,000 | 1.25% |
| $1M – $10M | 1.0% |
| Above $10M | Custom |
You pay only if the deal funds and closes.
What you’ll need
- Executed A-to-B purchase contract on the Iowa property
- Executed B-to-C resale or assignment to your end buyer
- A qualified end buyer with proof of funds or financing pre-approval
- Both legs set to close the same day, abstract continued through each
- A single Iowa closing agent running both transactions
No credit pull, no income docs, no tax returns. Local note: confirm the abstract can be continued through both transfers on closing day.
A typical Iowa double close scenario
You contract a ranch home on Des Moines’s south side at $165,000 and resell to a local landlord for $190,000. Their lender won’t fund your A-B purchase, so you double close. We wire $165,000 to your Polk County closing agent by 9 AM Eastern. The abstract is continued through both transfers; A-B closes, B-C closes right after at the table (wet funding), and our $165,000 plus the 1.25% fee ($2,062.50) is repaid from the C-side. Your spread nets around $22,900.
Apply
Upload both Iowa contracts and your end-buyer verification online. We’re usually wire-ready within 48 hours, with same-day available on complete files received before 11 AM Eastern.
Frequently Asked Questions
How does Iowa's abstract-and-title-guaranty system affect a double close? +
Iowa is unusual: instead of conventional title insurance, the state uses an abstract of title reviewed by an attorney, often backed by Iowa Title Guaranty, a state program. For a same-day A-B-C double close, the abstract has to be continued (updated) through each transfer, which can add a step versus an insurance-only state. It doesn't stop the double close, but it makes early coordination with your closing agent and abstractor important. Confirm the abstract-continuation timeline with your Iowa title company or closing attorney.
Is Iowa a wet or dry funding state for double closes? +
Iowa is a wet-funding state, so the closing agent can disburse once funds and documents are in place rather than waiting for recording. That keeps a same-day A-B-C double close efficient: A-to-B closes, B-to-C closes right after, and our funds are repaid from the C-buyer's proceeds at the table. We wire to your Iowa closing agent by 9 AM Eastern, with same-day funding available for complete files in before 11 AM Eastern.
Is there enough wholesale volume in Iowa for this? +
Iowa is a steady rather than explosive market, and that consistency is its strength. Metro Des Moines sees reliable flip and rental activity, with additional flow in Cedar Rapids and the Quad Cities (Davenport). Deals here are typically affordable, so many double closes fund in the low six figures within the 1.25% tier. It's a dependable market for wholesalers who value predictability over boom-and-bust swings.
Apply for Double Close Funding in Iowa
Submit your application online — same-day decisions for complete files before 2 PM Eastern.