Qualify on the rent, not your tax returns.
In Missouri, a DSCR loan finances a rental on the strength of its rent instead of your tax returns. HUD puts the 2 bedroom Fair Market Rent for the Kansas City metro at $1,546 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Missouri up to $5 million.
Facts checked November 1, 2026. Not a commitment to lend.
DSCR loans by state
We lend DSCR in 35 states. Pick yours.
Pulled from state statutes, state agencies, the Census Bureau and FRED. Each row links to its source.
| Missouri fact | Value | Source |
|---|---|---|
| Security instrument | Deed of trust with power of sale (statutes also cover mortgages) | revisor.mo.gov |
| Foreclosure | Nonjudicial sale under power of sale; at least 20 days' notice; publication in a newspaper (20 insertions in a daily in counties with a city of 50,000 or more, otherwise four successive weekly issues) | RSMo 443.290, 443.310, 443.320 |
| Security deposit | 2 months' rent | RSMo 535.300.1 |
| Notice for unpaid rent | No statutory waiting period | RSMo 535.020 |
| Rent control | State preemption | RSMo 441.043.1 |
| LLC formation fee | $50 | sos.mo.gov |
| Median listing price | $300,000 in September 2026 ($302,450 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $1,546, The Kansas City metro | HUD User |
Full walk through: how DSCR is calculated.
What PMG can place for a Missouri rental, in short.
Loan amount
Up to $5M
Credit
660 and up
Down
20 to 25%
Vesting
LLC ok
Guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend. Compare with typical DSCR programs.
Rent is the number that qualifies a DSCR loan, so start with what Missouri rentals actually command.
Median listing price
$300,000
September 2026, down 0.8% from $302,450 in September 2025
Quick math (computed from the figures above): Using the Missouri median listing price, $300,000, a 25% down payment is $75,000 and the loan is $225,000. A year of rent at the Fair Market Rent for the Kansas City metro ($1,546) is $18,552, or 6.2% of that price. A year of rent at the Fair Market Rent for the St. Louis metro ($1,349) is $16,188, or 5.4% of that price.
Fair Market Rent is a HUD benchmark, not an appraisal.
The rent field starts at the HUD 2 bedroom Fair Market Rent for the Kansas City metro. HUD also lists the Kansas City metro at $1,546 and the St. Louis metro at $1,349. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Missouri listing was $300,000 in September 2026.
See how a rental's income stacks up against its full monthly payment. Your numbers stay in your browser.
Enter rent, price and your quoted rate to see your DSCR.
Loan amount (L) = Price × (100 minus Down %) ÷ 100
P&I (30 year fixed) = L × r × (1 + r)^360 ÷ ((1 + r)^360 minus 1), where r = annual rate ÷ 100 ÷ 12
P&I (40 year interest only) = L × r
PITIA = P&I + Tax ÷ 12 + Insurance ÷ 12 + HOA
DSCR = Monthly rent ÷ PITIA
Rent needed for a target DSCR = Target × PITIA
Estimates only. Not a loan offer. Rates and terms vary by lender, property and borrower. Company NMLS #2700076. Example values are illustrations, not a quote.
Hypothetical PITIA of $1,775 (P&I $1,400, taxes $250, insurance $125), real Missouri rents. Not a quote or a rate.
0.87DSCR
$1,546 / $1,775 = 0.87: fits programs down to 0.50.
0.76DSCR
$1,349 / $1,775 = 0.76: fits programs down to 0.50.
Tell us about the property and the rent. We will tell you straight whether it qualifies and what it takes.
Investors from any state can buy in Missouri.
No commitment · Under 2 minutes
We will reach out shortly to run your numbers.
Where Missouri investors are buying, and the local rules that apply to rentals there.
City rules change. Confirm with the city and your HOA before you buy, and ask us how your lender counts short term rental income.
Know the Missouri landlord rules before you close. They shape your lease, your deposit and how fast you can act on unpaid rent.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit cap | 2 months' rent | RSMo 535.300.1 |
| Deposit return deadline | 30 days after termination of tenancy (full return or itemized deductions) | RSMo 535.300.3 |
| Notice nonpayment | No statutory waiting period: landlord may file rent and possession once rent is due and has been demanded and not paid. 441.060 notice not required. | RSMo 535.020 |
| Notice end month to month | Written notice ending on a rent paying date at least one month after receipt | RSMo 441.060.4(1) |
| Rent control | State preemption: no county or city may enact, maintain or enforce ordinances regulating the amount of rent for private residential or commercial rental property. | RSMo 441.043.1 |
Not legal advice.
Every dollar of tax raises the payment the rent has to cover. Here is how Missouri assesses and taxes property.
What to expect at the closing table in Missouri, from the instrument you sign to the taxes on transfer.
What it costs to form and keep an LLC in good standing with the Missouri Secretary of State.
Check each of these on any Missouri rental you plan to finance.
Documents: contract, lease or rent schedule, bank statements, LLC papers, insurance quote. No tax returns. Details.
Missouri is highlighted. We also lend DSCR in Iowa, Kansas, Oklahoma, Arkansas and Tennessee next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Missouri.
PMG guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend.
Book a free callInvesting across state lines? We lend DSCR in these neighbors of Missouri too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Missouri property and rent. We run the ratio and lay out terms before you offer.
No commitment · Under 2 minutes
We will reach out shortly to run your numbers.
Pillar Mortgage Group, LLC is an Equal Housing Lender, doing business in accordance with the Fair Housing Act and Equal Credit Opportunity Act. Not a commitment to lend.
Company NMLS# 2700076 | Arizona License MB-2009671 | View NMLS Consumer Access