Missouri Mortgage Rates

August 30, 2016 04:46 PM Eastern

Refinance rates now in KANSAS CITY, MO [Change this]

?
Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
?
Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
?
Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
?
Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed

Interest Rate
3.250%
APR
3.391%
Monthly Payment
$871
First Internet Bank
30 Year Fixed
Interest Rate
3.250%
APR
3.391%
Monthly Payment
$871
(844) 325-8590 Contact
First Internet Bank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $871
Lender Fees $3,501
Lender Credit $0
Total Closing Fees* $3,501
*Other 3rd party fees may apply
First Internet Bank
Email Lender

About the Lender

At First Internet Bank, we focus on helping our customers achieve their dreams of homeownership. We know that it is more than a house to you; it is where you raise your families, make lasting memories and build financial security. And we know that your family and home is unique and special, so we treat each and every application individually.
1. Your home loan experience – better, faster, easier – Our team has helped thousands of people like you afford the home of their dreams. You can rely on our deep knowledge and experience because our loan officers are seasoned professionals. They’re not sales people; they are “skilled mortgage advisors.” We take the time to explain each step to you – forms, paper work, the home appraisal and the final closing. First IB is there for you and will guide, support and advise you every step of the way.
2. Great rates and low fees – We know that once you find that perfect home in that perfect neighborhood, you’ll need a mortgage partner to help you design the perfect payment plan. First IB consistently delivers competitive mortgage rates to home owners across the nation. And unlike some lenders, we won’t just show you “some” of the fees, we show you everything. Put us to the test!
First Internet Bank
Email Lender Write a Review

Lender Reviews

Great loan officer

Yes, I recommend this lender

Very knowledgeable, patient and friendly. I would definitely try to work with her again should the need arise.

By: Scott (Kingwood, TX)

Straight Forward and Honest

Yes, I recommend this lender

Debbie was very professional and provided great customer service. Whenever I had questions, she made sure that I received an answer within 24 hours. This helped keep the refinancing process moving along and allowed me to close my loan in just over four weeks. I you live in Indiana, you know that people typically do business in an honest and straight forward way, and Debbie is no exception. Thanks!

By: Thomas (Indianapolis, IN)

Excellent Advisor

Yes, I recommend this lender

James was very patient with me and always answered my calls immediately. He made me feel important in that he was really there to help me with whatever questions I had.

By: Myriam (Sugar Land, TX)
See All Reviews

15 Year Fixed

Interest Rate
2.500%
APR
2.731%
Monthly Payment
$1,334
First Internet Bank
15 Year Fixed
Interest Rate
2.500%
APR
2.731%
Monthly Payment
$1,334
(844) 325-8590 Contact
First Internet Bank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $3,225
Lender Credit $0
Total Closing Fees* $3,225
*Other 3rd party fees may apply
First Internet Bank
Email Lender

About the Lender

At First Internet Bank, we focus on helping our customers achieve their dreams of homeownership. We know that it is more than a house to you; it is where you raise your families, make lasting memories and build financial security. And we know that your family and home is unique and special, so we treat each and every application individually.
1. Your home loan experience – better, faster, easier – Our team has helped thousands of people like you afford the home of their dreams. You can rely on our deep knowledge and experience because our loan officers are seasoned professionals. They’re not sales people; they are “skilled mortgage advisors.” We take the time to explain each step to you – forms, paper work, the home appraisal and the final closing. First IB is there for you and will guide, support and advise you every step of the way.
2. Great rates and low fees – We know that once you find that perfect home in that perfect neighborhood, you’ll need a mortgage partner to help you design the perfect payment plan. First IB consistently delivers competitive mortgage rates to home owners across the nation. And unlike some lenders, we won’t just show you “some” of the fees, we show you everything. Put us to the test!
First Internet Bank
Email Lender Write a Review

Lender Reviews

Great loan officer

Yes, I recommend this lender

Very knowledgeable, patient and friendly. I would definitely try to work with her again should the need arise.

By: Scott (Kingwood, TX)

Straight Forward and Honest

Yes, I recommend this lender

Debbie was very professional and provided great customer service. Whenever I had questions, she made sure that I received an answer within 24 hours. This helped keep the refinancing process moving along and allowed me to close my loan in just over four weeks. I you live in Indiana, you know that people typically do business in an honest and straight forward way, and Debbie is no exception. Thanks!

By: Thomas (Indianapolis, IN)

Excellent Advisor

Yes, I recommend this lender

James was very patient with me and always answered my calls immediately. He made me feel important in that he was really there to help me with whatever questions I had.

By: Myriam (Sugar Land, TX)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

Monthly | Daily

Current Missouri Mortgage Rates and What They Mean for You

Missouri, the "Show Me" state, is home to nearly six million people. If you want it to show you what it has to offer, pay close attention to the current Missouri mortgage rates so you can get the best deal on your new home. Whether you're planning to live in the heart of Jefferson City or out in one of the rural areas, Missouri offers more than 68,000 square miles of southern charm.

The good news: Missouri offers a variety of helpful programs for potential homeowners. These loan and education programs, coupled with low current MO mortgage rates, offer homebuyers a great opportunity to find a house they love within their budget. 

Low Missouri Mortgage Interest Rates from the First Place Loan Program

If you're a first time home buyer looking for good Missouri mortgage interest rates, the First Place Loan Program offers qualified participants some of the lowest MO mortgage rates available. The program caters not only to first time buyers but also to qualified veterans and buyers in specific areas.

The first place loan program offers several types of loans to those qualified:

  • Cash Assistance Loans help first-time homebuyers with their down payment and closing costs.
  • Non-Cash Assistance Loans help first-time homebuyers secure a low Missouri mortgage interest rate.
  • The Refinance Loan Program helps current homeowners refinance sub-prime loans and secure current MO mortgage rates.

Current Missouri FHA Mortgage Rates

If you're looking for FHA insured loans or options for your unique circumstances, the "Show Me" state has a lot to offer.  With a little work, you can often secure the necessary mortgage interest rates to fit your budget and get into the house of your dreams.

MO Mortgage Rates and Homebuyer Loans in Disaster Areas

The First Place Loan Program also offers MO homebuyers financial incentives to purchase a home in a federally-declared disaster area. This program has been designed to help rehabilitate homes in areas that have been devastated by storms and other natural disasters. The program offers incentives such as below-market mortgage rates and down payment assistance.