Missouri Mortgage Laws

 

Community Property

Right of Rescission

Attorney State

Maximum Number of Points

Table Funding

Individual Loan Officer Licensing

Physical Location Required

 No

 

Yes

 No *

 

 

 

 Yes

Flipping Allowed

Negative Amortization Loans Allowed

Prepayment Penalty Maximums

Maximum Debt to Income

Stated Income Loans Allowed

Wet State

 

 Yes

 

 Yes

 

 

 

 

 

 

* Title companies, real estate agents, lenders and attorneys may handle closings. 

 

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