Qualify Using Your Property’s Cash Flow. No Personal Income or Tax Returns Required.
Unlock Your Rental's Equity
with a DSCR Cash-Out Loan in Missouri
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Cash You Can Get
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Why PRM Capital is the Top Lender for DSCR Cash-Out Refinance Loans in Missouri
Our Recently Funded DSCR Cash-Out Refinance Loans in Missouri
Kansas City, Missouri
$112,500
DSCR Cash-Out Refinance Loan
This strategic cash-out refinance in the competitive Kansas City market secured a significant $112,500 cash injection, providing essential capital for the borrower to execute key property improvements and maximize the return on their investment.
$168,750
DSCR Cash-Out Refinance Loan
Huntsville, Alabama
This DSCR Cash-Out Refinance in Huntsville, AL, provided the investor with the cash they needed to leverage equity for their next property acquisition while reducing their debt-to-income ratio.
$214,000
Foreign National DSCR Cash-Out Refinance Loan
Kissimmee, Florida
This strategic DSCR Cash-Out Refinance loan was secured for a Foreign National investor, successfully providing $125,000 in cash to the borrower after paying off the existing mortgage.
Your Path to a DSCR Cash-Out Refinance Loan in Missouri
3 Simple Steps
Get Your Term Sheet
Receive a preliminary quote with your rate and max LTV
Property Review
We analyze the property's DSCR and order the appraisal
Get Funded
Close your loan and get your cash
Missouri DSCR Cash-Out Refinance Loan FAQs
What is a DSCR loan?
A DSCR (Debt Service Coverage Ratio) loan is a type of non-qualified mortgage (non-QM) primarily used by real estate investors to purchase or refinance investment properties. Unlike conventional loans, which rely heavily on the borrower’s personal income (W-2s, tax returns) to qualify, the DSCR loan qualifies the borrower based on the cash flow generated by the subject property.
The ratio is calculated to ensure the property’s rental income can cover the mortgage debt (including principal, interest, taxes, insurance, and HOA fees).
How is the DSCR calculated for a cash-out refinance?
The Debt Service Coverage Ratio (DSCR) is typically calculated by dividing the property’s Gross Monthly Rental Income (or Market Rent) by the Total Monthly Debt Service.
DSCR = Gross Monthly Rental Income ÷ Total Monthly Debt Service + HOA (If applicable, HOA fees are not common for most investment properties)
Gross Monthly Rental Income: This is usually based on a professional appraisal’s fair market rent analysis (or the current lease agreement, if applicable).
Total Monthly Debt Service: This includes the Principal and Interest (P&I) payment on the new loan, plus Taxes (T), Insurance (I), and Homeowners Association (HOA) fees.
For a loan to qualify, the DSCR must typically be 1.0 or higher, meaning the income fully covers the debt. Some programs allow a lower ratio (e.g., 0.90 or 0.75) with a higher interest rate or greater down payment.
What are your "seasoning" requirements for a cash-out?
PRM Capital’s No Seasoning Loan program allows you to secure funding for properties valued at $140,000 or more, without the usual seasoning requirements.
Qualification: The property must be verified as recently rehabbed.
Verification: This requires providing an itemized statement of the rehab work completed, along with a current appraisal to confirm the improvements.
Benefit: This program offers a faster path to financing, helping you move forward with your property investment more efficiently.
What is the minimum credit score for a DSCR cash-out?
The minimum credit score required to qualify for our DSCR cash-out program is 660. We utilize a tiered credit structure where your score directly impacts the terms you receive:
Minimum Requirement: A 660 credit score is required to be considered for our program. Loans at this tier are capped at a 70% Loan-to-Value (LTV) ratio.
Optimal Terms: To qualify for the best interest rates and the highest available Loan-to-Value (LTV) ratio of 85%, a credit score of 740 or higher is required (property value must be $140,000 or higher).
Can I get a DSCR cash-out loan on a short-term rental (Airbnb/VRBO)?
Yes, absolutely. DSCR loans are highly popular for financing short-term rental properties like those listed on Airbnb and VRBO.
Income Qualification: The property’s qualification will typically be based on an appraisal’s “short-term rental analysis” or “AirDNA report” to estimate the projected gross monthly income, rather than a standard long-term lease.
Eligibility: The property must still meet all other program guidelines, including being a non-owner-occupied investment property.
What property types are eligible?
We provide DSCR loans for a wide variety of investment property types.
Common Types:
DSCR loans for Single-Family Residences (SFR)
DSCR loans for 2-4 Unit Multi-Family Properties (Duplex, Triplex, Fourplex)
DSCR loans for Condominiums (Non-Warrantable and Warrantable)
DSCR loans for Townhouses
Specialty/Less Common Eligible Types (Vary by lender):
DSCR loans for Condotels (Condos in a hotel program)
DSCR loans for Short-Term Rentals (as mentioned above)
DSCR loans for 5-8 Unit Multi-Family (Some programs go up to 8 units)
Note: Properties that are owner-occupied, land, or certain mixed-use properties are typically ineligible for a standard DSCR investor loan.
Expanding Your Portfolio via the BRRRR Strategy
Savvy investors leverage the DSCR Cash Out Refinance Loan to perfectly execute the BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat). By extracting equity from a stabilized asset, you generate immediate capital for down payment funding on your next acquisition. This powerful cycle allows you to scale your real estate holdings rapidly without the delay of saving personal cash reserves.
Funding Renovations and Value-Add Projects
Accessing liquid capital through a cash-out refinance provides the essential funds needed for investment property renovation loans. Whether you are updating units to increase market rent or repairing deferred maintenance, reinvesting equity back into your portfolio significantly enhances property value. This strategic reinvestment improves your Debt Service Coverage Ratio (DSCR) by maximizing your asset’s long-term rental income potential.
Consolidating High-Interest Business Debt
Investors often carry high-interest business credit lines or hard money loans used for initial acquisitions. A DSCR cash-out refinance allows you to consolidate these expensive obligations into a long-term, lower-rate solution. Streamlining your finances increases monthly cash flow, positioning your business for stability. Get your term sheet from PRM Capital today to start utilizing your property’s equity.
DSCR Cash Out Refinance vs Conventional Refinance
Start
DSCR
Conventional
Income Qualification
Qualifies you using property income only.
Requires personal W-2s and tax returns.
DTI Requirement
Has no personal DTI requirement.
Enforces strict DTI limits (usually capped at 45%).
Limit on Properties
Allows for an unlimited number of properties.
Usually capped at 4-10 loans per borrower.
LLC Closing
Allows closing in an LLC to protect assets.
Requires closing in your personal name.
Paperwork
Involves minimal, streamlined documentation.
Requires heavy paperwork (tax returns, pay stubs, bank statements).
Speed
Offers a fast, efficient closing process.
Can take a month or longer to fund.
Ready to Unlock the Equity in Your Missouri Rental Property with a DSCR Cash-Out Refinance Loan?
Talk to a PRM Capital DSCR specialist today.