Investment Property Loans in Missouri Based on Rental Income.
- Up to 80% LTV
- Based on potential rental income
- Short-term rentals allowed
- Min loan amount: $75,000
- Max loan amount: $3M
- Up to 80% LTV (Refinance)
- Up to 75% LTV (Cash out refinance)
- Roll closing costs in loan proceeds
- Min loan amount: $75,000
- Max loan amount: $3M
- Up to 80% LTV
- Minimum 5 or more properties
- Consolidated into 1 payment
- Min loan amount: $500k
- Max loan amount: $50M
Rental Loan Terms
Here are rental property loan terms for Missouri. Qualify based on the future rental income, not personal income.
| Credit score | Minimum 680 |
| LTV | Up to 80% LTV |
| Interest rate | As low as 7% |
| Property types | Single family home, condo, townhouse or 1-4 unit properties |
| Prepayment | No prepayment penalty after 3 years |
| Loan types | Amortized or interest only |
| Loan terms | 30 year, 15 year, 5/1 and 7/1 ARMs |
Speak with a Loan Advisor
- Compare rental loan options
- Get proof of funds today
- See how much you qualify for
Minimum Loan Requirements
Here are the minimum rental property loan requirements in the “Show-Me” state.
Minimum Credit Score
The minimum credit score to get approved for a Missouri rental property loan is 680.
Minimum Loan Amount
The minimum loan amount is $75,000.
Minimum DSCR Ratio
A minimum DSCR ratio of 1.2 is required. Use our DSCR loan calculator to determine your investment property’s DSCR.
Business Entity Required
Since these are business purpose loans, a legally registered business is required to get approved for a private money loan. Most lenders in Missouri will require this, so it’s a good idea to apply for a new LLC in the state of Missouri if you don’t already have one.
Minimum Documentation
The following documents will be required to get approved for any Missouri rental loans.
- Driver’s License or State ID
- Articles of Organization
- LLC Operating Agreement
- EIN Letter
- Certificate of Good Standing
Best cities to buy a rental property in Missouri
These are the best cities to buy a rental property, based on rental market data and Missouri’s real estate market data.
- Kansas City
- St. Louis
- Columbia
- Springfield
- Independence
Is it hard to get a loan for a rental property in Missouri?
Missouri investment property loans are not based on personal income. Therefore, real estate investors can get ultra-competitive terms as long as they can come up with the minimum down payment, closing costs and find a good investment property.
How do I qualify for a DSCR loan in Missouri?
You can qualify for Missouri DSCR loans if you meet the minimum credit score requirement, minimum DSCR ratio, have enough cash for the down payment and other private money lender requirements.
Call a Rental Property Loan Advisor
Rental Loan FAQ’s
There are many types of rental property loans that are available to investors. Here are some common questions you may have.
What is the down payment for a rental property in Missouri?
The minimum down payment to purchase or refinance a rental property in Missouri is 20%. However, it can vary based on your credit score, LTV and and DSCR.
What are the current rental loan interest rates?
The current interest rates for rental loans as of March 2024 range from 7% to 11%. Rates are subject to change and fluctuate daily.
What determines my interest rate on a rental loan in Missouri?
Your interest rate will vary depending on your credit score, loan to value, real estate market risk and investment property risk.
Does Capital Ton LLC work with new investors?
Yes, we have various options for securing Missouri DSCR loans for new investors. Those typically come with slightly higher origination fees. Repeat or seasoned investors, can expect lower closing costs.
Does Capital Ton LLC offer loans for short term rentals?
Yes, Capital Ton LLC has flexible loan options such as DSCR and AirDNA for short term rentals. Seasoned and first-time investors are eligible for ultra-competitive terms.
Does Capital Ton LLC offer interest-only rental loans?
Yes, investors can secure “partial” interest-only rental loans which typically come with lower interest rates. These type of loans are interest-only for the first 10 years and then amortize for the following 20 years.
Is Missouri a landlord friendly state?
Missouri landlords are allowed to set security deposits at any amount they choose. When tenants don’t pay rent or violate lease agreements, landlords can start the eviction process swiftly, often requiring only a few days’ notice.
Missouri law does not specify a minimum notice period for rent increases on month-to-month leases, giving landlords flexibility to adjust rent with relatively short notice. MO landlords are also allowed to enter rental properties for maintenance or inspections with a minimum notice of 24 hours, except in emergency situations.