$195,000
Median Home Price
$165,000
Avg. Loan Amount
301K
Population
14+
Licensed Lenders
Key St. Louis Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Clayton
$475KAffluent, business center
Central West End
$375KWalkable, restaurants
Kirkwood
$395KCharming suburb
St. Louis Real Estate Market
Why Non-QM loans are popular in St. Louis
Growing demand for flexible mortgage solutions in St. Louis
Self-employed professionals benefit from bank statement loan programs
Real estate investors use DSCR loans for rental property financing
Non-QM loans available for borrowers with recent credit events
Frequently Asked Questions
Common questions about Non-QM loans in St. Louis
What is the minimum credit score for Non-QM loans in St. Louis?
Most Non-QM lenders serving St. Louis require a minimum credit score of 620-660, though some programs accept scores as low as 580 with compensating factors like larger down payments.
Can I get a bank statement loan in St. Louis, Missouri?
Yes, bank statement loans are available in St. Louis. Self-employed borrowers can qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
What are DSCR loan requirements in St. Louis?
DSCR loans in St. Louis typically require a debt service coverage ratio of 1.0 or higher, meaning the property's rental income must cover the mortgage payment. No personal income verification is needed.
How much can I borrow with a Non-QM loan in St. Louis?
Non-QM loan amounts in St. Louis typically range from $100,000 to $3 million or more. With a median home price of $195,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in St. Louis?
The most popular Non-QM programs in St. Louis include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.