Hard Money Loans in St. Louis, MO
Loan-size math and qualifying analysis for Hard money financing on St. Louis's $186k median home value. Strong fit.
Strong fit for St. Louis.
St. Louis has active flip + wholesale activity (flip fit 83/100, wholesale fit 97/100) — hard-money makes sense for the velocity these strategies require.
Payment on St. Louis's $186k median.
| Median home value (St. Louis) | $186,427 |
| Assumed LTV | 85% |
| Loan amount | $158,463 |
| Cash to close (down payment) | $27,964 |
| Assumed rate | 11.00% |
| Term | 6-18 mo, interest-only |
| Monthly P&I | $1,453/mo |
Hard money financing — the mechanics.
Short-term (6-18 month) loans underwritten primarily on the property's after-repair value and the borrower's flip/project experience. Interest-only payments during the term; balloon at maturity (paid off by sale or refinance).
Lender requires: 600+ FICO typical (some go lower), 10-20% cash to close, proof of reserves equal to 6 months of carry, project plan + scope of work. Funding in 7-14 days standard.
How Missouri law affects this loan.
Missouri foreclosure timeline: non-judicial, ~60-120 days. See full Hard money in Missouri breakdown.
Frequently asked.
What's the typical Hard money loan size for a property in St. Louis?
On St. Louis's $186k median home value, a Hard money loan at the standard 85% LTV would be approximately $158k, requiring $28k down.
What's the monthly payment on a typical Hard money loan in St. Louis?
Interest-only payment on a $158k Hard money loan at the typical rate of 11.00% would be approximately $1k/month, excluding taxes and insurance.
Is St. Louis a good market for Hard money financing?
St. Louis has active flip + wholesale activity (flip fit 83/100, wholesale fit 97/100) — hard-money makes sense for the velocity these strategies require.
What credit and reserves do Hard money lenders require for St. Louis properties?
Lender requires: 600+ FICO typical (some go lower), 10-20% cash to close, proof of reserves equal to 6 months of carry, project plan + scope of work. Funding in 7-14 days standard.
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