Mortgage broker · Missouri
Missouri mortgage options for buyers and real estate investors.
Missouri draws first-time buyers and investors alike — from Kansas City and St. Louis to Springfield. Alexandro is licensed in Missouri and compares options across a network of lenders.
About a minute. No credit check. No obligation.
Missouri financing
How Alexandro helps Missouri borrowers
Pick the closest match. The strategy call is where the details get sorted out.
Buying in Missouri
Closing costs
No state real estate transfer tax.
Missouri doesn’t charge a real estate transfer tax, and voters added a ban on one to the state constitution in 2010. That keeps one common closing cost off the table.
- You’ll still have lender, title, recording and prepaid costs — your Loan Estimate itemizes them.
- For investors buying and refinancing several properties, the absence of a transfer tax adds up over time.
First-time buyers
MHDC First Place loans and cash assistance.
The Missouri Housing Development Commission (MHDC) offers loans for first-time buyers and qualified veterans through certified lenders, with income and purchase price limits.
- MHDC sets the program’s pricing and allowable closing costs, and it can be used for eligible properties anywhere in Missouri.
- Buyers with limited savings can choose optional cash assistance toward the down payment and closing costs, under the program’s terms.
- Alexandro can tell you whether an MHDC program is an option he can offer for your situation — and if it isn’t, he’ll say so plainly.
Investors
Financing Missouri rentals on the property’s numbers.
Many investors look at Missouri for single-family and small multifamily rentals. DSCR loans let some lenders focus on whether the rent covers the housing expense rather than primarily on your personal income.
- Run the ratio with real numbers: current or market rent, property taxes, insurance and any HOA dues.
- If the property needs work, its condition and your rehab plan affect which loan fits — and a hard-money purchase should have a refinance plan from day one.
- Growing a portfolio? Some lenders offer options for financing multiple properties.
Missouri
Common Missouri situations
A few of the conversations that come up most often in Missouri.
Kansas City and St. Louis rentals
Exiting hard money
First-time buyers
Tapping home equity
FAQ
Missouri mortgage questions
Straight answers in plain English. For anything specific to you, Alexandro can walk through it.
Is Alexandro licensed in Missouri?
Yes. Missouri is one of the states where Alexandro is licensed. You can confirm on NMLS Consumer Access using his NMLS number, listed on the licensing page.
Does Missouri have a transfer tax?
No. Missouri doesn’t have a real estate transfer tax, and a 2010 constitutional amendment prohibits one. Other closing costs still apply.
Can I buy a Missouri rental if I live in another state?
Yes. Many investors finance out-of-state rentals. A DSCR loan can be one option, since some lenders focus on the property’s rental income. Requirements vary by lender.
Guides worth reading first
- Home equity
How Much Equity Can I Borrow With a HELOC?
A HELOC is usually capped at a percentage of your home’s value, minus what you still owe — and then adjusted for your credit, income and the property itself. Here’s how that math works and where it stops.
Read the guide · 4 min - Home equity
HELOC vs. Cash-Out Refinance: Which Makes More Sense?
Both let you turn home equity into cash, but they work very differently. The biggest question is usually what happens to the first mortgage you already have.
Read the guide · 4 min - Self-employed
How to Qualify for a Mortgage When You’re Self-Employed
Self-employed borrowers can qualify for mortgages, but lenders look at income differently than they do for a W-2 employee. Knowing what they review — and preparing early — makes the process far smoother.
Read the guide · 3 min
State tax and program details are summarized from the public sources below and were last checked November 5, 2026. Rules, limits and funding change — your closing agent, county and the program administrator have the final word. This page is educational, is not tax or legal advice, and is not a commitment to lend.
- Missouri Housing Development Commission — First Place
- Southeast Missourian — Missouri voters approve ban on real estate transfer tax (2010)
- HomeLight — Missouri real estate transfer tax
Alexandro De La Rosa, NMLS #2701946 · West Capital Lending, NMLS #1566096
Also licensed in: Florida · Virginia · all licensed states
Loan programs, terms, availability, and eligibility vary by state, lender, property, and borrower profile. Not every program is available in every state. Licensing information.
Loan options in Missouri
- HELOC & home equityAccess equity while keeping your first mortgage.
- Cash-out & rate-and-term refinanceSee whether refinancing actually helps.
- Hard-money refinancePlan the exit from short-term investor debt.
- DSCR & rental property loansFinancing based on the property’s rental income.
- Purchase & preapprovalGet ready to make a strong offer.
- Self-employed & nontraditional incomeWhen your income doesn’t fit a W-2 box.
Tell Alexandro about your Missouri property.
Buying, refinancing, tapping equity or financing a rental — share the basics and your timing, and he’ll follow up personally.