Missouri Mortgage Rates
February 7, 2016 04:39 PM Eastern
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.