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Investment property loans · Greene County, MO

Hard money, fix and flip and DSCR loans in Springfield, MO

Springfield, the Greene County seat and home to Missouri State, Drury and Evangel universities, offers investors century-old houses in the central neighborhoods, rentals near the campuses, and loft and mixed-use buildings downtown. Rehabbers and buy-and-hold landlords working the older core should track the city's rental registration and inspection pilot, which started in West Central and is meant to be tested there before any citywide rollout.

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Where investors buy

Neighborhoods investors look at in Springfield

The urban core holds late-1800s and early-1900s houses in National Register districts such as Mid-Town, built from about 1871 to 1952, and Walnut Street, built from about 1870 to 1940, and buildings in the West Central pilot area average about a century old. Downtown, many older commercial buildings have been converted to lofts, offices and restaurants.
West CentralBounded by Chestnut Expressway, Grand Street, Kimbrough Avenue and Kansas Expressway, a rental-heavy area of very old buildings and the first area under the city's rental registration pilot.
Mid-TownA National Register district of several hundred mostly residential buildings, with Late Victorian, Colonial Revival and Craftsman houses around the Drury campus.
Walnut StreetA 13-block historic district of more than 150 one- and two-story frame, brick and stone houses, many built before 1911.
Commercial StreetA six-block historic commercial district of buildings from about 1870 to 1935, better suited to mixed-use rehab than single-family flips.
Downtown SpringfieldOlder downtown buildings renovated into lofts and mixed-use space, where small multifamily and upper-floor residential deals turn up.

Loan programs

Loans for Springfield real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Springfield

30-year loans for Springfield rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Springfield

Buy and renovate in Springfield with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Springfield

Close quickly on a Springfield property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Springfield

Financing for new builds in Springfield, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Springfield

Financing for Springfield apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Springfield

Local rules and costs that change a deal's numbers or closing date in Springfield and Greene County. Sources are listed at the bottom of the page.
  • Check whether the property sits inside the West Central pilot boundary: owners there must register each rental, pay an annual per-unit license fee and pass inspections every five years, and late registration can bring fines and liens.
  • Watch for the program to spread: the city plans to review the pilot after its first year and use the results to decide on expansion, so underwrite citywide registration as a possible cost.
  • Greene County reassesses real estate in odd-numbered years and mails value notices in late spring; informal review comes first, and the formal Board of Equalization appeal deadline falls in July.
  • Missouri's constitution bars the state, counties and cities from adding any new tax on the sale or transfer of real estate, so build closing costs around title, recording and lender fees.

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Have a Springfield property in mind?

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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Springfield: common questions

Do you offer hard money loans in Springfield?

Yes. United Lending LLC offers private real estate financing for investors in Springfield and the rest of Greene County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Springfield?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in West Central, Mid-Town and Walnut Street, among other parts of Springfield.

How much can I borrow for a Springfield flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Springfield?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Springfield or have a Missouri LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Missouri, your loan officer will tell you what's needed before closing.

Missouri

More places we lend in Missouri

Sources (6)Checked November 6, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. City of Springfield: Rental registration and inspection
  2. KSMU: Deadline nears for landlords in Springfield's West Central Neighborhood
  3. KSMU: Greene County residents receiving notice of real property value changes
  4. Wikipedia: Mid-Town Historic District (Springfield, Missouri)
  5. Wikipedia: Walnut Street Historic District (Springfield, Missouri)
  6. Missouri Revisor of Statutes: Constitution Article X, Section 25