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Private Lending & Conventional Mortgage Advice

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Rodney Wideman
  • Investor
  • Crystal City, MO
6
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31
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Best St. Louis area banks for investors

Rodney Wideman
  • Investor
  • Crystal City, MO
Posted Mar 11 2015, 14:24

Hello all I'm wanting to know what bank everyone uses/recommends to buy single family homes in the St. Louis Missouri area. I have been using Southern Commercial Bank on my fist house with a LOC since I started but they will not do second mortgages on any of my other houses without holding the first mortgage as well. All of my first mortgages are on fixed 30yr notes with great rates and Southern Commercial will not do fixed rates on an investment property so I really don't want to refinance the first through them.

I live and invest in the Jefferson County area and would prefer to deal with a local bank in this area but if the terms are good enough I'm willing to go anywhere.

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