DSCR Loan Missouri 2026: Lenders Ranked, Median Rates

Who makes DSCR-type loans in Missouri

Missouri is a mid-sized DSCR market with an unusual shape: more loans than Arizona's 2,868, at less than half the loan size. Our national ranking counted 154,354 loans from 466 lenders in 2025, so Missouri's 3,372 loans are 2.2% of that count (our arithmetic). The names at the top are the ones that buy small rental loans in volume.

Top 20 Missouri DSCR-type lenders, 2025 (ties broken alphabetically)

What the ranking shows:

• A wholesale giant and four specialists. United Wholesale Mortgage is first on volume, all of it through brokers and at a median loan of $85,000. BPL Mortgage (359; see our BPL review) takes second, RCN Capital (320; RCN review) third and Kiavi (286; Kiavi review) fourth. The top three made 37.4% of the state and the top 10 68.1% (our arithmetic).
• Direct versus broker. 2,077 loans (61.6%) were not submitted directly to the lender, but RCN, American Heritage, Dominion, Hometown Equity and Investor Mortgage Finance report none through brokers. Broker loans had a median of 7.435% and direct loans 7.3152%.
• Interest-only is rare here. Only 180 loans (5.3%) are interest-only, against 14.5% in Arizona. All 56 of AmWest's are; RCN reports 15.6% and OCMBC 11.9%.
• A long tail. 42 lenders made 10 or more loans and 14 made exactly one.
• Banks barely appear in this product. Lenders with bank or credit-union words in their HMDA names made 62 DSCR-type loans, 1.8%; Table Rock Community Bank (18) and HNB National Bank (11) were the largest.

Kiavi, RCN, Lima One, LendingOne, Velocity and Visio's affiliate in Missouri

The platform lenders matter more in Missouri than in many states. Kiavi Funding reported 286 DSCR-type loans at a 7.25% median, but 906 conventional first-lien investor loans in all, at a 9.5% median that points to short-term lending. RCN Capital reported 320 at 7.4% (a median loan of $135,000), Loan Funder 176 (see our Loan Funder review), Temple View Capital 106 (review), CV3 Financial Services 189 (review), Dominion Financial Services 81 (review) and American Heritage Lending 88 (review). Investor Mortgage Finance LLC, the Visio Lending affiliate on our Colorado page, reported 39 at 7.2%; Lima One Capital 35 (7.175%), LendingOne 30 (7.3%) and Velocity Commercial Capital 58 at 9.865%, the same figure it reports in other states, so treat it as a different product. Nexera Holding, big in Arizona, made 6. Another 363 loans carry no county in the file; every RCN, Investor Mortgage Finance and Rain City Capital loan is among them, so county tables understate those lenders.

Investor loans versus DSCR-type loans

Missouri's investor-loan market is dominated by banks that do not sell DSCR loans. A list of the largest investor lenders is therefore not a list of DSCR lenders.

Largest Missouri lenders by conventional first-lien investor loans, 2025, with their DSCR-type count

Two readings. First, The Central Trust Bank, First State Community Bank, Southern Bank, First State Bank of St Charles and Sullivan Bank each made 200 or more investor loans and between 0 and 2 DSCR-type loans: our reading is that they underwrite on the borrower's income, which puts a debt-to-income ratio in the file. Second, BPL, RCN, CV3 and Loan Funder are almost entirely DSCR-type (359 of 363, 320 of 357, 189 of 203, 176 of 217), and Kiavi's investor median of 9.5% against 7.25% for its DSCR-type loans shows the two products in one lender (our arithmetic). Our hard money lenders page counts 2,363 short-term business-purpose loans in Missouri and a bank-heavy field.

St. Louis, Kansas City, Springfield: three different markets

HMDA gives each loan a metro-area code, and RCN, Investor Mortgage Finance and a few others leave it blank, so the table has an "everywhere else" row that holds those loans along with the rest of the state.

DSCR-type loans by metro area, Missouri, 2025

The two big metros have the same share of DSCR-type loans among investor loans (about 30%) and the same median rate (7.375%), but not the same loans. St. Louis lends smaller: 69.6% of its loans are under $150,000 and United Wholesale Mortgage and BPL together made 678 of 1,588. Kansas City's lender mix is more varied, with Kiavi, Loan Funder, HomeXpress and CV3 all in the top six. Springfield has a share of only 11.6%, and one lender, Temple View Capital, made 53.3% of its loans at a 7% median (our arithmetic). The "Springfield" row is one metro; read small counts as direction.

Missouri counties with the most DSCR-type loans, 2025

St. Louis County made more DSCR-type loans (1,100) than any other county, with a $95,000 median loan and 39.3% of its investor loans in this group; Jackson County (Kansas City) was second, and the independent City of St. Louis third. Their DSCR shares (33% to 39%) are well above those of St. Charles (9.1%), Greene (14.6%) or Boone (5.9%), where most investor loans fall outside this group. A DSCR-type loan in Missouri mostly means a metro rental in one of three jurisdictions.

What rates did the market price? Missouri 2025

The middle half of Missouri DSCR-type borrowers paid between 7% and 7.75% in 2025, with the 10th percentile at 6.75% and the 90th at 8.375%.

Missouri DSCR-type loans, 2025 (federal HMDA data, our arithmetic)

The DSCR premium is thin: 7.375% against 7.125% for income-qualified business-purpose investor loans is 0.250 points. Rates barely moved with size, and moved the wrong way for small loans: the median was 7.42% under $150,000 and 7.2% at $500,000 or more. By loan-to-value, the median was 7.407% at 60% or less and 7.5% above 75% (our arithmetic). 2,249 loans (66.7%) were above 70% loan-to-value.

Monthly principal and interest on the $135,000 median loan, 30-year fixed, at each Missouri 2025 rate (our arithmetic)

The distance from the 25th to the 75th percentile is $69.00 a month, $827.98 a year. On a loan this small a quarter point of rate is worth about $23.11 a month, so fees and prepayment terms, which HMDA does not show, can outweigh the rate (our arithmetic). Those are note rates at origination in 2025, not today's quotes; see DSCR loan rates 2026 for the current picture and our DSCR calculator for your own rent.

Missouri rules that touch a DSCR loan

None of these changes how a lender divides rent by debt service. They change the numbers that go into the rent, the tax line and the reserve. Every statute below was read on revisor.mo.gov on October 28, 2026; we quote short phrases and give our reading, not legal advice.

Missouri statutes relevant to a DSCR borrower

Interest and licensing. Two statutes pull in different directions, and the borrower's entity decides which applies. Section 408.035 allows any written rate for a loan to an LLC, a partnership or a corporation, and for credit primarily for business purposes; section 408.030 sets a ten percent ceiling, or the market rate if higher, for the rest. Section 408.100, a general loan-rate provision, states that it does not apply to loans secured by a lien on real estate. On our reading, a Missouri rental loan taken in a personal name for a non-business use sits under 408.030, and the same loan made to an LLC for a business purpose does not. We did not review other limits that might apply to a given lender, and we found no agency interpretation of how the Division of Finance treats DSCR lenders: not verified.

Property tax. Rental housing is residential property for Missouri's classes, assessed at nineteen percent of true value, while commercial property is assessed at thirty-two percent (137.115(5)); the physical-inspection rule applies to jumps of more than fifteen percent (137.115(10)). Section 137.115 was last amended in 2025 (S.B. 4 and H.B. 199, effective August 28, 2025 and January 1, 2026). We did not verify any county levy rate, so our worked figures stop at assessed value: a $135,000 home with a true value of $135,000 has an assessed value of $25,650 (our arithmetic). Our DSCR loan requirements page explains how lenders treat the tax line.

Landlord side. The deposit cap is two months' rent and the return deadline thirty days, with double damages for wrongful withholding (535.300). The unpaid-rent action in 535.020 is filed before an associate circuit judge on an affidavit. We did not read Kansas City or St. Louis city ordinances on rental licensing, inspections or short-term rentals: not verified, and they can change the cost side of the DSCR. For short-term rental income, see our short-term rental DSCR page.

What the Missouri median looks like

The median Missouri DSCR-type loan was $135,000 at 7.375%, with a median loan-to-value of 75%. Principal and interest is $932.41 a month, so a 1.25 DSCR on that payment alone needs $1,165.51 of monthly rent. A DSCR lender adds property tax and insurance to the payment in most formulas, so the real rent requirement is higher (our arithmetic). Of the 3,372 loans, 1,257 were purchases (37.3%), 977 cash-out refinances and 971 refinances without cash out; the last group is unusually large, a sign that many borrowers moved short-term or bridge debt into 30-year loans (our reading, HMDA does not say why). 2,945 loans were on one-unit properties.

How we read the federal file

The Home Mortgage Disclosure Act (HMDA) file lists every loan a reporting lender originates, with its note rate, amount, loan-to-value, purpose, county and lender. We downloaded the 2025 Missouri file from the FFIEC HMDA Data Browser on October 28, 2026: 146,780 originated loans, all types and occupancies. We counted from the raw file with a saved script. Of those, 17,172 were investment property and 15,813 had 1-4 units; after removing reverse mortgages and open-end lines, 15,393 remained; 15,362 were conventional (not FHA, VA or USDA) and 15,110 were first liens. Of those, 9,650 were made for a business purpose, 7,354 of them with no debt-to-income ratio reported (NA). The 3,372 DSCR-type loans are the 30-year-or-longer part of that group. The loan term is in months, so 360 means 30 years. One lender, Emporium TPO LLC, reports terms in years in the months field; we counted its 58 loans reported with a 30-month term as 360 months, as our Arizona and national pages do (without that adjustment Missouri would show 3,314 loans). Percentiles use linear interpolation.

Limits, so you can weigh the numbers:

• A proxy, not a census. HMDA does not mark DSCR loans. Other no-debt-to-income business loans fall into the group, and DSCR loans reported with a ratio or a shorter term do not.
• Originated loans only. Denied and withdrawn applications are not in this file.
• Rates, not prices. Discount points are NA on all 3,372 loans and the prepayment-penalty term is NA on all of them; the file has no credit score, rent or DSCR ratio.
• Rounded amounts. Loan amounts are rounded in the public file, so medians land on round figures.
• Location gaps. 363 loans have no county, and metro labels are the file's own.
• One year. This page uses 2025 only; we did not compare it with 2024.
• Lender names are as filed. Corporate groups can file under several names.
• Statutes were read on revisor.mo.gov in the form posted on October 28, 2026; we did not review case law, city ordinances or agency guidance.

What a Missouri investor can do with this

1. Match the lender to the loan size. Under $150,000, the lenders on the list that work in volume are United Wholesale Mortgage, BPL, RCN, Kiavi and Temple View; above $300,000 the field thins out (226 of 3,372 loans).
2. Rank by DSCR loans, not investor loans. Your local bank is likely a large investor lender and a non-lender for this product.
3. Ask for the cost sheet. Points, fees and the prepayment penalty are not in HMDA. On a $135,000 loan, a one-point fee ($1,350) equals nearly twenty months of the difference between the 25th and 75th percentile payments (our arithmetic). Compare with our DSCR versus conventional page.
4. Take the loan in the right name. The interest statute treats a loan to an LLC differently from a personal one; confirm with a Missouri lawyer which applies to you.
5. Put the tax line in the DSCR. Use the assessed value at nineteen percent of your county's true value and your levy; the inspection rule only governs jumps of more than fifteen percent.

FAQ

Related reads: Arizona and Tennessee DSCR pages use the same federal definition.

Loan-level data: FFIEC/CFPB HMDA Data Browser, originated loans for Missouri, 2025, downloaded October 28, 2026 (request URL and counting script described in the data file); definitions from the FFIEC HMDA field list and the Regulation C commentary; lender names from the FFIEC 2025 filer list; counties from the Census Bureau 2020 county FIPS codes. Statutes from the Revised Statutes of Missouri on revisor.mo.gov: 137.016, 137.115, 408.030, 408.035, 408.100, 441.065, 443.290, 443.703, 535.020 and 535.300. All counts, shares, medians, percentiles and payment figures are our arithmetic. This is analysis of public documents, not investment, legal or tax advice, and not a loan offer.