Fix and Flip Loans in Missouri

Choose a fix and flip loan option that’s right for you.

Low Rate Loan

This fix and flip loan program comes with lower interest rates, but requires a 700+ credit score.

  • Interest Rate: 9.25%+
  • No appraisal
  • Up to 90% LTC
  • No prepayment penalty
  • Close as fast as 10 days

No Credit Check

Close in as little as 2 days with no credit check. Best for investors with bad credit.

  • Interest Rate: 12.5%
  • No appraisal
  • Up to 90% LTC
  • No prepayment penalty
  • Close as fast as 2 days

100% Loan

Get up to 100% financing on the purchase price and rehab costs with a 680+ credit score.

  • Interest Rate: 12.99%
  • Appraisal required
  • Up to 100% LTC
  • No prepayment penalty
  • Close as fast as 10 days

Fix and Flip Loan Terms

Here are the loan terms for fix and flip loans in Missouri. Qualify based on the after-repair value, not personal income.

Loan to purchase Up to 100% LTC
Rehab financing Up to 100%
After-repair value Up to 75% ARV
Loan amount Minimum $100,000
Interest rate Start at 9.25%
Min credit score None
Loan terms 3, 6, 12 and 18 months

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Missouri Fix and Flip Loan Requirements

These are the minimum fix and flip loan requirements for Missouri investors.

Minimum Credit Score

There is no minimum credit score to get approved for a Missouri fix and flip loan.

Minimum Loan Amount

The minimum loan amount is $100,000.

Business Entity Required

Since these are business loans, a legally registered business is required to get approved for fix and flip funding. You can file for a new LLC in the state of Missouri and get approved in 2-5 business days.

Speak with a Missouri Loan Specialist

Is Missouri good for house flipping?

Due to affordable housing prices, a strong rental market, stable job market and tax credits, Missouri has become a great place to flip a home in. Compared to other US cities, it’s easier to find properties at lower price points in St. Louis (STL) and Kansas City (KC). This makes it easier for new investors to enter the real estate market with a low down payment and lots of upside.

There’s also a strong demand for rental properties in MO college towns like Columbia, which are home to the University of Missouri (Mizzou). Student housing tends to require home renovations and investors are always looking for rental opportunities.

In many parts of the Show-Me State, local governments offer tax incentives for renovating historic properties or investing in opportunity zones. These incentives reduce the cost of renovations and increase the profitability of fix and flipping for investors.

Best cities to fix and flip in Missouri

While every fix and flip project is different and carries its own risks, there are some cities that offer better investment opportunities than others. Here are the best cities for house flipping in Missouri:

Kansas City

Average home value: $224,794
Sold over list price: 38.0%
Median days to pending: 12

St. Louis

Average home value: $168,616
Sold over list price: 35.6%
Median days to pending: 16

Columbia

Average home value: $279,628
Sold over list price: 34.5%
Median days to pending:15

Springfield

Average home value: $219,782
Sold over list price: 23.2%
Median days to pending: 17

Independence

Average home value: $187,141
Sold over list price: 38.3%
Median days to pending: 13

Data Updated: February 9, 2024