Choose a fix and flip loan option that’s right for you.
- Interest Rate: 10.9%-11.4%
- No appraisal
- No prepayment penalty
- Close as fast as 2 days
- Interest Rate: 9.25%-10.9%
- No appraisal
- No prepayment penalty
- Close as fast as 10 days
- Interest Rate: 12.5%-13%
- No appraisal
- Prepayment penalty varies
- Close as fast as 2 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 90% LTC |
| Rehab financing | Up to 100% |
| After-repair value | Up to 75% ARV |
| Loan amount | Minimum $75,000 |
| Interest rate | Start at 9.25% |
| Credit score | Minimum 660 |
| Loan terms | 6, 12, 18 and 24 months |
Speak with a Fix & Flip Loan Advisor
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- Compare loan options
- Get proof of funds today
- See how much you qualify for
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. However, higher credit scores typically come with the lowest origination fees.
Minimum Loan Amount
The minimum loan amount is $75,000.
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.
Flipping Experience
No previous experience is required to get a loan for flipping houses in Missouri. However, it will help reduce your financing costs.
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