Today’s Mortgage Rates in Missouri
Whether you’re ready to purchase a or refinance a home, you’ve found the best mortgage rates in Missouri. Compare rates for the loan programs outlined below.
Have Questions? Call Us at (913) 642-8300
Mortgage Rates in Missouri:
The mortgage rates in Missouri assume you have excellent credit with a FICO Score of 760, down payment of 30%, that the loan is for a purchase of a single-family home as your primary residence and a loan amount greater than $275,000.
Conforming fixed-rate mortgage
Below is a conforming fixed-rate estimated monthly payment and APR example.
| TERM | |||
|---|---|---|---|
| 30-Year Fixed | |||
| 20-Year Fixed | |||
| 15-Year Fixed | |||
| 7 Yr ARM | |||
| 5 Yr ARM | |||
Minimum credit score is 620.
FHA mortgages
Below is an FHA estimated monthly payment and APR example.
| TERM | |||
|---|---|---|---|
| 30-year fixed | |||
| 20-year fixed |
Minimum credit score is 640.
VA mortgages
Below is a VA estimated monthly payment and APR example.
| TERM | |||
|---|---|---|---|
| 30-year fixed | |||
| 20-year fixed |
Minimum credit score is 640.
USDA mortgages
Below is a USDA estimated monthly payment and APR example.
| TERM | |||
|---|---|---|---|
| 30-year fixed |
Minimum credit score is 640.
Jumbo mortgages
Below is a jumbo estimated monthly payment and APR example.
| TERM | |||
|---|---|---|---|
| 30-Year Jumbo | |||
| 15-Year Jumbo | |||
| 7 Yr ARM | |||
| 5 Yr ARM |
Minimum credit score is 680.
Mortgage Refinance Calculator | Monthly payment calculator – monthly payment, including taxes and insurance premiums
Missouri living
The State of Missouri‘s most populated cities are Kansas City, St Louis, and Springfield. Missouri is a great place to live because there is always something to do. The people are friendly and welcoming, and the scenery is beautiful. Whether you’re a city person or a country person, Missouri has something to offer everyone. The cost of living in Missouri is also very reasonable, making it a great place to call home.
Missouri first-time home buyer programs
First-time home buyer assistance programs in Missouri offer loans, grants, down payment assistance, and tax credits. But availability and qualification requirements can vary. Contact a Metropolitan Mortgage loan officer for more information about programs available in Missouri.
Find a mortgage loan officer in Missouri.
Our local mortgage loan officers understand the specifics of the Missouri real estate market. We can help you navigate the home-buying process so you can focus on finding your new home.
Take the next step.
Preapproval helps you see how much you might be able to borrow.
Start your application today if you’ve already found your dream home or are interested in refinancing an existing mortgage.
Adjustable-Rate Mortgages (ARMs) vs. Fixed-Rate Mortgages
When it comes to selecting a mortgage, homebuyers are often faced with a crucial decision…
How Your Credit Score Impacts Mortgage Rates in Kansas City
When buying a home in Kansas City, understanding the impact of your credit score on…
How to Get the Best Mortgage Rates Today
Understanding how to secure the best mortgage loan rates is crucial for homebuyers. Lower rates…
APR vs. Interest Rate: What You Need to Know
When you’re shopping for a mortgage, you’ll encounter two important terms: the interest rate and…
Loan approval is subject to meeting underwriting guidelines and approval. Loan programs are available in the states of Kansas and Missouri. Mortgage rates in Missouri and loan program terms are subject to change without notice.
1. Conforming fixed-rate APR and estimated monthly payment: A $300,000 loan amount with a 30-year term at an interest rate of 5.875% with a 20% down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,774.61 and an Annual Percentage Rate (APR) of 5.919%.
Estimated APR and monthly payment is based on a 20% down payment and borrower-paid finance charges of 0% of the base loan amount, plus origination (points if applicable). For down payments of less than 20%, mortgage insurance is required, likely increasing the APR and monthly payment. The estimated monthly payment does not include escrows (taxes and insurance premiums), and the actual payment will be greater.
2. ARM APR and estimated monthly payment: A $300,000 loan amount with a 30-year term at an interest rate of 4.75% with a 20% down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,564.94 and an Annual Percentage Rate (APR) of 5.64%.
Estimated APR and monthly payment is based on an initial fixed-rate period of 5 years, for which the interest rate can change each subsequent year for the remaining 25 years, a 20% down payment and borrower-paid finance charges of 0.% of the base loan amount, plus origination points (if applicable). After the initial 5-year period: the APR is variable and adjusts based on the filly indexed rate or index plus a margin. The APR will vary based on the SOFR index. Mortgage insurance is required if the down payment is less than 20% which will likely increase the monthly payment and APR. The estimated monthly payment does not include escrows (taxes and insurance premiums). With adjustable-rate loans, rates are subject to change over the loan term, and that change can raise or lower your monthly payment.
3. FHA APR and estimated monthly payment: A $300,000 base loan amount with a 30-year term at an interest rate of 5.750% with a 3.5% down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,750.72 and an Annual Percentage Rate (APR) of 7.020%.
Estimated APR and monthly payment is based on a 3.5% down payment and borrower-paid finance charges of 0% of the base loan amount, plus origination points (if applicable). The APR and estimated monthly payment include the upfront mortgage insurance premium financed into the loan amount. The estimated monthly payment does not include the required FHA monthly mortgage insurance premium and escrows (taxes and insurance premiums), making the actual payment higher.
4. VA APR and estimated monthly payment: A $300,000 base loan amount with a 30-year term at an interest rate of 5.625% with no down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,726.97 and an Annual Percentage Rate (APR) of 5.882%.
Estimated APR and monthly payment is based on a 0% down payment and borrower-paid finance charges of 0.% of the base loan amount, plus origination points (if applicable). The APR and estimated monthly payment include the VA funding fee being financed into the loan amount. The estimated monthly payment does not include escrows (taxes and insurance premiums), and the actual payment will be greater.
5. USDA APR and estimated monthly payment: A $300,000 base loan amount with a 30-year term at an interest rate of 6.250% with no down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,847.15 and an Annual Percentage Rate (APR) of 6.611%.
Estimated APR and monthly payment is based on a 0% down payment and borrower-paid finance charges of 0% of the base loan amount, plus origination points (if applicable). The APR estimated monthly payment includes the upfront funding fee being financed into the loan amount. The estimated monthly payment does not include the required USDA monthly mortgage insurance premium, escrows (taxes and insurance premiums), and the actual payment will be greater.
6. Jumbo APR and estimated monthly payment: A $700,000 loan amount with a 30-year term at an interest rate of 7.375% with a 20% down payment with no discount points results in an estimated monthly payment (principal and interest) of $4,834.73 and an Annual Percentage Rate (APR) of 7.734%.
Estimated APR and monthly payment is based on a 20% down payment and borrower-paid finance charges of 0.% of the loan amount, plus origination points (if applicable). A down payment of less than 20% requires mortgage insurance, which could increase the monthly payment and the APR. The estimated monthly payment does not include escrows (taxes and insurance premiums), and the actual payment will be greater.
The mortgage rates in Missouri shown above are for purchasing a single-family home that is a primary residence based on a 30-day lock-in period. The rates are subject to change and are not guaranteed. This is not a commitment to lend or a credit decision. Your rate will depend on various factors, including loan size, loan product, credit profile, geographic location, property value, and occupancy.
To lock in a rate, you must apply for Metropolitan Mortgage and receive written confirmation from a mortgage loan officer that your rate is locked. You can make an application by calling 913-642-8300, starting your application online, or meeting with a mortgage loan officer.
Conforming Fixed-Rate Loans – Conforming rates are available for loan amounts not exceeding $726,200. The Annual Percentage Rate (APR) is based on the table above with borrower-paid finance charges of 0.% of the loan amount, plus origination fees (if applicable). Mortgage insurance may be required if the down payment is less than 20%, which could increase the APR and monthly payment.
Non-Conforming ARM Loans – ARM rates represent a non-conforming loan amount exceeding $726,200. Adjustable-rate (ARM) loans and rates are variable and are subject to change during the loan term. That change can raise or lower your monthly payment. The Annual Percentage Rate (APR) calculation is based on estimates included in the table above with borrower-paid finance charges of 0.% of the base loan amount, plus origination fees if applicable. Down payments of less than 20% require mortgage insurance, which could increase the APR and monthly payment.
Jumbo Loans – The Annual Percentage Rate (APR) calculation assumes a $940,000 loan amount with a 20% down payment and borrower-paid finance charges of 0.% of the loan amount, plus origination fees (if applicable). If the down payment is less than 20%, mortgage insurance may be required, increasing the monthly payment and the APR. Jumbo rates are for loan amounts exceeding $726,200.
FHA loan missouri – The Annual Percentage Rate (APR) calculation assumes a $270,019 loan amount ($265,375 base amount plus $4,644 upfront mortgage insurance premium) with a 3.5% down payment, $191.30 monthly mortgage insurance premium, and borrower-paid finance charges of 0.% of the base loan amount, plus origination fees if applicable.