Conventional Investment Property Loans in St. Louis, MO
Loan-size math and qualifying analysis for Conventional financing on St. Louis's $186k median home value. Strong fit.
Strong fit for St. Louis.
St. Louis medians ($186k) keep down payment requirements manageable, and rental fit (86/100) supports the long-term cash flow conventional loans depend on.
Payment on St. Louis's $186k median.
| Median home value (St. Louis) | $186,427 |
| Assumed LTV | 80% |
| Loan amount | $149,142 |
| Cash to close (down payment) | $37,285 |
| Assumed rate | 6.75% |
| Term | 30-year amortizing |
| Monthly P&I | $967/mo |
Does St. Louis pencil?
| Median monthly rent (St. Louis) | $1,379/mo |
| Property taxes (est. 1.1%/yr) | −$171/mo |
| Insurance (est. 0.5%/yr) | −$78/mo |
| NOI (before debt) | $1,130/mo |
| Debt service | −$967/mo |
| DSCR | 1.17 |
Most Conventional lenders require DSCR ≥ 1.10 to fund and ≥ 1.20-1.25 for the best pricing tier. St. Louis medians clear the funding minimum but not the best-rate tier — look for properties below median or with above-market rent.
Conventional financing — the mechanics.
Conforming residential mortgage for non-owner-occupied 1-4 unit properties, sold to Fannie Mae or Freddie Mac. Standard 30-year amortization. The lowest-cost real-estate financing available to most investors.
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
How Missouri law affects this loan.
Missouri: state income tax up to 4.95%. See full Conventional in Missouri breakdown.
Frequently asked.
What's the typical Conventional loan size for a property in St. Louis?
On St. Louis's $186k median home value, a Conventional loan at the standard 80% LTV would be approximately $149k, requiring $37k down.
What's the monthly payment on a typical Conventional loan in St. Louis?
Fully-amortizing 30-year payment on a $149k Conventional loan at the typical rate of 6.75% would be approximately $967/month, excluding taxes and insurance.
Is St. Louis a good market for Conventional financing?
St. Louis medians ($186k) keep down payment requirements manageable, and rental fit (86/100) supports the long-term cash flow conventional loans depend on.
What credit and reserves do Conventional lenders require for St. Louis properties?
Lender requires: 680+ FICO, 20-25% down, DTI typically under 45% including the new mortgage, 2 years of W-2 + tax returns, 6 months of reserves per property. Closing in 30-45 days.
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