Missouri has a deep supply of investor-friendly rental stock: brick two-family and four-family flats in south St. Louis, bungalows across Kansas City's Northland and east side, and steady student markets in Columbia and Springfield. Many of these buildings are bought and repositioned on short-term money. The rate-and-term refinance that follows is what makes them long-term holds.
In short: LendingStreet is our top pick for DSCR rate-and-term refinances in Missouri. A 1 to 8 unit rental qualifies on its rent, with no W-2s or tax returns. Rate-and-term refinances go up to 80% LTV on some programs, 30-year terms are available and LLC borrowers are standard. Loans start at $150,000 with no stated maximum, and a 620 credit score is the minimum.
LendingStreet makes business-purpose DSCR loans on non-owner-occupied rentals. A rate-and-term refinance pays off your current loan plus normal closing costs and replaces it with long-term debt sized to the rent. Standard minimum DSCR is 1.0x, and sub-1.0 programs exist for buildings that are close.
It is a good match for Missouri investors stepping off a rehab loan on a St. Louis four-family, landlords whose bank note on a Kansas City rental is maturing, and out-of-state owners who want long-term financing in an LLC. For numbers on your property, get a quote with the form below or call (877) 298-1001.
Well-known DSCR refinance lenders include CoreVest, Dominion Financial, LendingOne, Lima One, New Silver and RCN Capital. Compared scenario by scenario for investors in Missouri, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Rental loan above $2M | LendingStreet | Our DSCR loans have no stated maximum. LendingOne states DSCR loans up to $2,000,000 and RCN Capital states long-term rental loans up to $1.5M. |
| Credit score in the 620s | LendingStreet | Our DSCR minimum is 620. RCN Capital and New Silver state 660 minimums, and Dominion Financial states 680, with exceptions to 660. |
| 5-8 unit building | LendingStreet | We treat 1-8 units as residential DSCR. Lima One and CoreVest state 1-4 unit eligibility for their rental loans. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Missouri investors usually compare a local bank, a local hard money lender and a long-term DSCR loan when short-term debt is ending. Here is how those options line up.
| For a rental refinance | LendingStreet | Typical local bank | Typical local hard money lender |
|---|---|---|---|
| What qualifies the loan | The rent of all units | Personal income and tax returns | The asset and the exit plan |
| Term | 30-year terms available | Often 5 year balloons on investor loans; varies | Usually 12 months or so; extensions vary |
| Rate-and-term LTV | Up to 80% on some programs | Varies | Varies |
| Up to 8 units as residential | Yes | Varies; may treat 5+ as commercial | Varies |
| Investors living elsewhere | Welcome in all 50 states and DC | Often prefer local borrowers | Varies |
South St. Louis is known for brick multi-family flats: two-families and four-families in Tower Grove South, Dutchtown, Bevo Mill, Carondelet, Benton Park and Princeton Heights. In St. Louis County, Florissant, Ferguson, Affton and Lemay offer single-family rentals. Kansas City investors work the Northland, Waldo, south Kansas City and the east side, plus Independence, Raytown and Grandview.
Springfield has a large rental market tied to Missouri State University and the medical centers, Columbia has university and hospital demand, and Joplin and St. Joseph add lower-priced options. A 5 to 8 unit building is residential DSCR with us, though max LTV can be lower.
Across these markets, the typical refinance story is the same: a building was bought below value, repaired with short-term money and leased, and now needs a payment that the rent can carry for years without a balloon on the horizon.
Missouri assesses residential property at 19% of market value, and county assessors reassess in odd-numbered years, so a new valuation can change a tax bill quickly. Use the current bill, and check whether a reassessment is pending. Missouri has no state real estate transfer tax, but title, recording and settlement costs still apply, so ask your title company for a full estimate.
Insurance on brick multi-families is usually reasonable, but older roofs, knob-and-tube wiring and hail exposure can move the premium. Get a quote before you apply.
St. Louis City generally requires an occupancy inspection when a new tenant moves in, and Kansas City requires rental permits under its healthy homes program. Columbia and other cities run their own rental certificate programs. A lender may ask for proof, and an expired permit can hold up a closing. Confirm current rules with the city before you apply.
This example is illustrative and not a quote. An investor bought a brick four-family in Dutchtown with a bridge loan and renovated all four units. Each unit leases for $1,025, so the rent is $4,100 a month. The building appraises at $420,000, the bridge payoff is $300,000, and $7,500 of closing costs are rolled in.
The new loan of $307,500 is about 73.2% of value. Estimated principal and interest is $2,072, taxes are $430 and insurance is $260, for a total payment of $2,762. The DSCR is about 1.48x. Four rents on one moderate-priced building is why south St. Louis flats often clear the ratio with room to spare.
| Item | Dutchtown four-family |
|---|---|
| Appraised value | $420,000 |
| Payoff of the current loan | $300,000 |
| Closing costs rolled in | $7,500 |
| New DSCR loan amount | $307,500 |
| Loan-to-value | About 73.2% |
| Monthly rent used | $4,100 |
| Estimated principal and interest | $2,072 |
| Property taxes | $430 |
| Insurance | $260 |
| Total monthly payment | $2,762 |
| DSCR | About 1.48x |
Seasoning varies by program. Some use the new appraised value once the building is renovated and leased, and others weigh the purchase price if you bought recently. Start the conversation two or three months before the bridge or bank loan matures.
Have the payoff letter, leases for every unit, city permits or inspection certificates, the current tax bill, an insurance quote and your LLC documents ready. That leaves the appraisal and title as the main timing factors.
Before you choose, put these questions to each lender and compare. LendingStreet's answers are below; call (877) 298-1001 to talk through yours.
| Question | LendingStreet's answer |
|---|---|
| Maximum LTV on a rate-and-term refinance | Up to 80% on some programs; varies by program |
| Minimum DSCR | 1.0x standard; sub-1.0 programs exist |
| Seasoning before the refinance | Varies by program |
| Can an LLC borrow | Yes; LLC borrowers are standard |
| Closing timeline | Driven mostly by the appraisal, title and a complete file |
| Large-balance limits | From $150,000 with no stated maximum; larger balances get more review |
With each rental on its own DSCR loan, your next purchase is judged on its rent rather than your personal debt ratio. Owners with five or more rentals can consider a blanket portfolio loan with one payment and release provisions when a property sells. For equity out instead of a straight refinance, compare our Missouri cash-out options, up to 75% LTV.
Investors who own on both sides of the state, say a few flats in St. Louis and houses in Springfield, can keep each property on its own long-term loan, which keeps a future sale simple. Cross-state blanket loans are possible on some programs if you also own in Kansas or Illinois. Call (877) 298-1001 or use the form below to map out the plan.
LendingStreet is our top pick: rent-based qualifying, up to 80% LTV on some rate-and-term programs, LLC borrowing and 30-year terms on 1 to 8 units. Get a quote with the form below.
Yes. We lend in St. Louis, Kansas City, Springfield, Columbia and the rest of Missouri, and in all 50 states and DC.
Yes. The combined rent of all four units is used to calculate the DSCR.
Missouri has no state real estate transfer tax. Title, recording and settlement costs still apply.
A new assessment can raise the tax line and lower the DSCR. Check whether one is pending before you apply.
Kansas City requires rental permits for most rentals. Have it in place before you refinance.
Yes, as residential DSCR, though max LTV can be lower. Nine or more units go to commercial lending.
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