Des Moines Cash Out Refi

[Thomas Fawcett]

Hey Biggerpockets,

We are wrapping up a brrrr and now looking to get a cash out refi. Does anyone have a recommendation on a bank/credit union that you know of who is still processing loans in the current environment? Thanks guys!

[Lyle Fisher]

I was just looking to do the same today and found 3 Iowa banks that are doing cash out refinances.  Farmers State Bank which I think would lend in Des Moines... I spoke to a guy in Waterloo today and they are doing cash our refinances at 5% 20 year amortization 5/5.

Also 1st Security bank has 3/3, 5/5, 7/7, and 10/1 options with 80 ltv ranging from high 3% - high 4.  Not sure if they lend in Des moines but have branches in northern part of the state.  
Lastly the best I have found is offered through First Citizens.. They have a Freddie Mac program that cannot be beat. call them today... Low 3's with 70 or 75 LTV 30 year.