Missouri Mortgage Rates

March 28, 2015 10:18 AM Eastern

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

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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.
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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.
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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.
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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 Rates as low as

Interest Rate
3.500%
APR
3.685%
Monthly Payment
$899
Capital One
Interest Rate
3.500%
APR
3.685%
Monthly Payment
$899
(844) 326-5399 Contact
Capital One
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 60 Days
Down Payment $50,000
Principal and Interest Payments $899
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $899
Lender Fees $4,512
Lender Credit $0
Total Closing Fees* $4,512
*Other 3rd party fees may apply
Capital One
Email Lender

About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings—we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process—one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too—you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.

15 Year Fixed Rates as low as

Interest Rate
2.875%
APR
3.111%
Monthly Payment
$1,370
Capital One
Interest Rate
2.875%
APR
3.111%
Monthly Payment
$1,370
(844) 326-5399 Contact
Capital One
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 60 Days
Down Payment $50,000
Principal and Interest Payments $1,370
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,370
Lender Fees $3,262
Lender Credit $0
Total Closing Fees* $3,262
*Other 3rd party fees may apply
Capital One
Email Lender

About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings—we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process—one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too—you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.

5 Year ARM Rates as low as

Interest Rate
2.875%
APR
2.995%
Monthly Payment
$830
Capital One
Interest Rate
2.875%
APR
2.995%
Monthly Payment
$830
(844) 326-5399 Contact
Capital One
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 60 Days
Down Payment $50,000
Principal and Interest Payments $830
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $830
Lender Fees $1,762
Lender Credit $0
Total Closing Fees* $1,762
*Other 3rd party fees may apply
Capital One
Email Lender

About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings—we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process—one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too—you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.
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

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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.