Missouri DSCR Loans
EasyRent is our tailored and industry-leading DSCR Loan solution for Missouri real estate investors. Whether you are acquiring property to expand your portfolio or cashing out your capital in a refinance, we have a loan for you. Our DSCR Lending Program has solutions for anyone – from first-time investors to industry veterans looking to rapidly scale their portfolios. We are confident we can find you a great Missouri DSCR loan in a quick, efficient and easy process. Click the button below and get started today!
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What is a DSCR Loan?
A DSCR Loan is a mortgage loan for a residential income-producing property. It is primarily based on the “Debt Service Coverage Ratio” or the cash flow of the property, rather than the borrower’s income. A traditional mortgage loan will require income verification, tax returns and a “Debt-to-Income” (DTI) ratio. DSCR Loans require none of these! Perfect for real estate investors ready to scale (no more W2!) or are looking leave behind the hassle, paperwork and headaches of conventional financing, DSCR Loans are quickly becoming the go-to loan option for real estate investors.
For a comprehensive definition, “DSCR Loans are mortgage loans secured by residential real estate turnkey properties strictly used for a business purpose and underwritten primarily based on the property.”
DSCR Loan Definition Breakdown
- Mortgage Loans = form of loan that is secured by collateral, collateral = real estate
- Residential Real Estate = properties used for people to live in vs. commercial, which is used to operate businesses (offices, retail, industrial, hotel, self-storage, etc.). In real estate finance, residential also typically refers to “1-4 unit” properties, anything more would be considered “multifamily”
- Business Purpose = DSCR loans strictly do not allow the owner of the property to live in the property, it must be used for “business” or investment purposes. Includes use of “cash-out proceeds”
- Underwritten = How lender evaluates (and then prices) the risk of the loan
- Primarily Based on Property = Mostly based on property, but also look at sponsor
- Turnkey = property doesn’t require any renovation, “turn the key and go”
Looking to get a deeper understanding of all things DSCR? Check out our DSCR Loans Guide below!
Missouri Recent DSCR Fundings
Real Investments. Real Results.
Real estate investors in The Show Me State are turning to DSCR Loans as a strategic tool to expand and manage their investment property portfolios. DSCR loans allow investors to secure financing based on the property's ability to generate income (rather than an investor's individual credit profile). In a market like Missouri, where real estate prices have shown steady growth and rental demand remains steady, DSCR loans offer investors a flexible and effective means to acquire new properties, improve existing ones, or refinance their assets. Easy Street Capital is proud to be a leading provider of DSCR loans for Missouri real estate investors looking to build rental portfolios! Check out our most recently funded DSCR loans in Missouri below:
Single-Family Residence
Saint Louis, MO
$237,600 Missouri DSCR Rental Loan for an Acquisition of a rental property in Saint Louis. This recently remodeled property features modern upgrades, including new flooring, updated lighting, and a sleek kitchen with stylish subway tile backsplash. Conveniently located near Hampton Avenue’s dining and shopping options, it’s closely located by the scenic Tower Grove Park.
Single-Family Residence
St. Louis, MO
$127,500 Missouri DSCR Rental Loan for a Rate-Term Refinance of a rental property in St. Louis. Just under a mile away, the Missouri Botanical Garden boasts stunning displays, walking trails, and educational events. Nestled in a historic Italian neighborhood, residents can also enjoy access to renowned restaurants, cafes, and shops nearby.
Condo
Branson, MO
$295,500 Missouri DSCR Rental Loan for an Acquisition of a rental property in Branson. This short-term rental is located in an area known for resorts, boat rentals, restaurants, and recreational activities such as swimming, scuba diving, fishing, and hiking.
Single-Family Residence
Lake Ozark, MO
$546,940 Missouri DSCR Rental Loan for an Acquisition of a rental property in Lake Ozark. This lake-front, short-term rental property features a spacious design finished with modern fixtures, as well as several amenities including mini golf and a game room with billiards and ping pong. Lake of the Ozarks is Missouri’s most popular lake destination, attracting visitors from across the country.
PUD
Springfield, MO
$150,000 Missouri DSCR Rental Loan for a Cash-Out Refinance of a rental property in Springfield. This property underwent considerable renovations since acquisition in early 2023. It is currently being used as a short-term rental.
Single-Family Residence
St. Louis, MO
$97,500 Missouri DSCR Rental Loan for a Rate-Term Refinance of a rental property in St. Louis. Featuring two bedrooms and two baths, the property was built in 1890 but has since been fully renovated. The home is in very good condition featuring an updated kitchen, bathrooms, flooring, and more. The property is in the Hyde Park neighborhood of St. Louis.
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