Missouri Mortgage Rates

June 27, 2016 07:12 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

Interest Rate
3.125%
APR
3.309%
Monthly Payment
$857
KS StateBank
30 Year Fixed
Interest Rate
3.125%
APR
3.309%
Monthly Payment
$857
(866) 490-8813 Contact
KS StateBank
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 $857
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $857
Lender Fees $4,595
Lender Credit $500
Total Closing Fees* $4,095
*Other 3rd party fees may apply
KS StateBank
Email Lender

About the Lender

Founded in 1969, KS StateBank is a family-owned community bank that lends nationally. We are FDIC insured and hold the highest of bank ratings from both Bauer Financial and Bankrate. Our mortgage division specializes in online lending and our goal is to offer the lowest interest rates and total loan cost we can. We achieve this goal by doing a high volume of loans with low overhead and we pass the savings on to our borrowers. Our bank slogan is “Solutions for YOU!” and our experienced mortgage loan specialists will guide you through the loan process to find your unique solution. They will help you realize a mortgage goal that fits with your financial goals and dreams.For more information call or email us today. You can also apply online 24/7 and one of our specialists will be in touch!
KS StateBank
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Lender Reviews

Top of the Line

Yes, I recommend this lender

Working with Erik and Lanette was a great experience. They took care of everything in a timely manner and were always available (late at night and early in the morning) to answer questions, lend a helping hand, clarify things and so on. We closed from long distance and they made it a breeze. And, on top of all this KS State offered the best rate. I could not be more pleased. Thank you!

By: William (Okemos, MI)

Great to work with!

Yes, I recommend this lender

The KS StateBank team was fantastic to work with. They were very responsive to questions my husband and I had regarding our home transaction.They treated us with the utmost respect - definitely made the process much less stressful. I would highly recommend them to friends and family.

By: Lisa (Lake Villa, IL)

Excellent service

Yes, I recommend this lender

Amazing experience and fantastic customer service!!! Doug Kruger and Lanette Kaster did an excellent job and we would recommend KS State Bank in a heartbeat! Thank you!

By: Adriana (Mission Viejo, CA)
See All Reviews
Sebonic Financial
30 Year Fixed
Interest Rate
3.250%
APR
3.407%
Monthly Payment
$871
(866) 544-4064 Contact
Sebonic Financial
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 $3,915
Lender Credit $0
Total Closing Fees* $3,915
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

My experience with Sebonic Financial

Yes, I recommend this lender

Although it took a while to get the loan approved, Sebonic Financial did a great job in helping to secure my loan.

By: George (Fernandina Beach, FL)
See All Reviews

15 Year Fixed

Interest Rate
2.375%
APR
2.686%
Monthly Payment
$1,322
KS StateBank
15 Year Fixed
Interest Rate
2.375%
APR
2.686%
Monthly Payment
$1,322
(866) 490-8813 Contact
KS StateBank
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 $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $4,345
Lender Credit $750
Total Closing Fees* $3,595
*Other 3rd party fees may apply
KS StateBank
Email Lender

About the Lender

Founded in 1969, KS StateBank is a family-owned community bank that lends nationally. We are FDIC insured and hold the highest of bank ratings from both Bauer Financial and Bankrate. Our mortgage division specializes in online lending and our goal is to offer the lowest interest rates and total loan cost we can. We achieve this goal by doing a high volume of loans with low overhead and we pass the savings on to our borrowers. Our bank slogan is “Solutions for YOU!” and our experienced mortgage loan specialists will guide you through the loan process to find your unique solution. They will help you realize a mortgage goal that fits with your financial goals and dreams.For more information call or email us today. You can also apply online 24/7 and one of our specialists will be in touch!
KS StateBank
Email Lender Write a Review

Lender Reviews

Top of the Line

Yes, I recommend this lender

Working with Erik and Lanette was a great experience. They took care of everything in a timely manner and were always available (late at night and early in the morning) to answer questions, lend a helping hand, clarify things and so on. We closed from long distance and they made it a breeze. And, on top of all this KS State offered the best rate. I could not be more pleased. Thank you!

By: William (Okemos, MI)

Great to work with!

Yes, I recommend this lender

The KS StateBank team was fantastic to work with. They were very responsive to questions my husband and I had regarding our home transaction.They treated us with the utmost respect - definitely made the process much less stressful. I would highly recommend them to friends and family.

By: Lisa (Lake Villa, IL)

Excellent service

Yes, I recommend this lender

Amazing experience and fantastic customer service!!! Doug Kruger and Lanette Kaster did an excellent job and we would recommend KS State Bank in a heartbeat! Thank you!

By: Adriana (Mission Viejo, CA)
See All Reviews
Sebonic Financial
15 Year Fixed
Interest Rate
2.500%
APR
2.776%
Monthly Payment
$1,334
(866) 544-4064 Contact
Sebonic Financial
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 $3,839
Lender Credit $0
Total Closing Fees* $3,839
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Thomas Denton

Yes, I recommend this lender

Tom did a great job helping us with our refinance. He walked us through each step of the process. We closed on time, with even a better rate than we expected.

By: Jamie (Thomasville, NC)

I recommend Renato Paz

Yes, I recommend this lender

excellent

By: albertina (Leesburg, VA)

My experience with Sebonic Financial

Yes, I recommend this lender

Although it took a while to get the loan approved, Sebonic Financial did a great job in helping to secure my loan.

By: George (Fernandina Beach, FL)
See All Reviews

5/1 ARM

Interest Rate
2.250%
APR
3.243%
Monthly Payment
$764
KS StateBank
5/1 ARM
Interest Rate
2.250%
APR
3.243%
Monthly Payment
$764
(866) 490-8813 Contact
KS StateBank
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 $764
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $764
Lender Fees $4,595
Lender Credit $500
Total Closing Fees* $4,095
*Other 3rd party fees may apply
KS StateBank
Email Lender

About the Lender

Founded in 1969, KS StateBank is a family-owned community bank that lends nationally. We are FDIC insured and hold the highest of bank ratings from both Bauer Financial and Bankrate. Our mortgage division specializes in online lending and our goal is to offer the lowest interest rates and total loan cost we can. We achieve this goal by doing a high volume of loans with low overhead and we pass the savings on to our borrowers. Our bank slogan is “Solutions for YOU!” and our experienced mortgage loan specialists will guide you through the loan process to find your unique solution. They will help you realize a mortgage goal that fits with your financial goals and dreams.For more information call or email us today. You can also apply online 24/7 and one of our specialists will be in touch!
KS StateBank
Email Lender Write a Review

Lender Reviews

Top of the Line

Yes, I recommend this lender

Working with Erik and Lanette was a great experience. They took care of everything in a timely manner and were always available (late at night and early in the morning) to answer questions, lend a helping hand, clarify things and so on. We closed from long distance and they made it a breeze. And, on top of all this KS State offered the best rate. I could not be more pleased. Thank you!

By: William (Okemos, MI)

Great to work with!

Yes, I recommend this lender

The KS StateBank team was fantastic to work with. They were very responsive to questions my husband and I had regarding our home transaction.They treated us with the utmost respect - definitely made the process much less stressful. I would highly recommend them to friends and family.

By: Lisa (Lake Villa, IL)

Excellent service

Yes, I recommend this lender

Amazing experience and fantastic customer service!!! Doug Kruger and Lanette Kaster did an excellent job and we would recommend KS State Bank in a heartbeat! Thank you!

By: Adriana (Mission Viejo, CA)
See All Reviews
Capital One
5/1 ARM
Interest Rate
2.500%
APR
3.358%
Monthly Payment
$791
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 $791
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $791
Lender Fees $3,740
Lender Credit $0
Total Closing Fees* $3,740
*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.
Capital One
Email Lender Write a Review

Lender Reviews

HORRIBLE to work with

Loan pre approval was easy. The loan originator was knowledgable, then I was transfered to a loan specialist and loan hub. The Specialist was, very unconcerned and did not seam to listen to my needs. Her response time was very slow to my emails and called messages and she never had a answer to my questions when we did correspond. LOAN HUB was horrible. It would freeze up and give me a response of "Oops, something went wrong". Try again later. This happened many times. Documents that were uploaded and received were then lost or deleted by the Loan Specialist and we're requested again by Loan Hub, but you would only know if YOU looked at your loan status in Loan Hub. No one would email, text or call. When I brought this to the Loan Specialist attention she said that she did not look at Loan Hub and did not know how it worked. Imagine That. In the end the loan was never closed, because the Appraiser, hired by Capital One, did not turn in the Appraisal in time for closing. They then wanted to start the Loan Process all over with another "LOAN SPECIALIST.

By: Tim (Oak Grove, LA)

I like payment

Yes, I recommend this lender

I like Capital

By: DuongHien (Mountain View, CA)

Worst customer service

My experience with capital one has been absolutely horrible. I have tried to give them the benefit of the doubt. The only positive experience was the loan pre-approval process. It was all automated and very fast, but I think this might be what led to the worst experience I've had in getting a loan. Once you accept their terms, they give you access to loanhub for uploading all your documents and communicating with your loan team. I have excellent credit that is between 760-800 depending on which bureau report you pull. I am putting 20% down and have proof of income for a very secure position. The problems start when you have no one to talk to. They list a bunch of documents you need, you provide them, and you don't hear back on whether they are acceptable to underwriting. They continue to ask for the same documents over and over again until you are finally able to explain it to someone if you are lucky enough to get someone on the phone. I have called numerous times and have been on hold for 20 minutes each time or left a voicemail that is not returned. I've emailed questions and I don't get a response. If I do get a response it is usually another form or question they need answered with zero answers to my questions. I've asked repeatedly if we will still close on time and if there are any other issues I need to close out. Nothing. It is the worst. I thought I was saving money because of points and interest rate and now I wish I never used them. Unfortunately, I am too far along in the process and can't switch, although I still doubt the loan will ever close anyway. Please, unless you are saving a significant amount of money, do not use them. It's very surprising because I have always loved their credit card products and have been a customer for years. I just can't believe this is how they treat customers. I really have no idea how lending tree has them rated at 4.4 of 5.

By: Fred (Hoboken, NJ)
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.

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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.