Current Mortgage Rates in Springfield, MO

Q: What are the current mortgage rates in Springfield, MO?

As of January 2026, mortgage rates in Springfield, MO for a standard 30-year fixed loan are averaging approximately 5.990%. Individual rates may vary based on credit score and local programs.

Q: How much are property taxes in Greene County?

Residential property in Springfield is typically assessed at 19% of market value. The effective tax rate in Greene County averages around 1.02% to 1.05%, keeping monthly payments competitive.

Q: Do I need a 20% down payment to buy in Springfield?

No. Local buyers can utilize FHA loans with 3.5% down or USDA loans with 0% down in eligible areas like Willard and Rogersville.

Finding the right home in the Queen City of the Ozarks starts with securing a competitive rate. Whether you are eyeing a property in Rountree, a new development in Republic, or a quiet acre in Nixa, understanding the local lending landscape is essential.As of today, interest rates in Springfield, MO remain highly attractive for buyers compared to national benchmarks, particularly for those utilizing regional first-time buyer programs.

Springfield Market Intelligence (Jan 2026):
Median Sale Price: $213,500 | Avg Days on Market: 16-24 | Market Heat: Very Competitive

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Today’s Springfield Mortgage Rate Snapshot

Live Market Data for

Conventional Rates

TERM	RATE	APR	POINT(S)	Example Payment*
30-Year Fixed	5.990%	6.169	0	360 payments of $1,797 at 5.990%
20-Year Fixed	5.625%	6.743	0	240 payments of $2,085 at 5.625%
15-Year Fixed	5.375%	5.522	0	180 payments of $2,431 at 5.375%
7 Yr ARM	5.875%	6.762	1	Initial: $1,775 (adjusts after 7 years)
5 Yr ARM	5.750%	6.638	1	Initial: $1,751 (adjusts after 5 years)

*Example based on $300,000 loan. Assumptions: FICO 780+, 30% down, $300,000+ loan amount. Learn more about Conventional Loans.

FHA Rates

TERM	RATE	APR	POINT(S)	Example Payment*
30-year fixed	5.750%	6.785	0	360 payments of $1,752 at 5.750%
15-year fixed	5.250%	6.585	0	180 payments of $2,410 at 5.250%

*Example based on $300,000 loan (includes MIP). Assumptions: FICO 640+, 3.5% down. Learn more about FHA loans.

VA Rates

TERM	RATE	APR	POINT(S)	Example Payment*
30-year fixed	5.500%	5.632	0	360 payments of $1,703 at 5.500%
20-year fixed	5.500%	5.606	0	240 payments of $2,064 at 5.500%

*Example based on $300,000 loan. VA funding fee may apply. Assumptions: FICO 640+, 0% down (for eligible veterans). Learn more about VA Loans.

USDA Rates

TERM	RATE	APR	POINT(S)	Example Payment*
30-year fixed	5.875%	6.261	0	360 payments of $1,774 at 5.875%

*Example based on $300,000 loan (includes guarantee fee). Assumptions: FICO 640+, 0% down (rural areas only). Learn more about USDA loans.

Jumbo Rates

TERM	RATE	APR	POINT(S)	Example Payment*
30-Year Jumbo	6.250%	6.859	1	360 payments of $6,157 at 6.250% (for $1,000,000 loan)
15-Year Jumbo	5.500%	6.436	1	180 payments of $8,171 at 5.500% (for $1,000,000 loan)
7 Yr ARM	6.250%	7.293	1	Initial: $6,157 (adjusts after 7 years)
5 Yr ARM	6.125%	7.348	1	Initial: $6,076 (adjusts after 5 years)

*Rates subject to change. Terms and conditions apply. Assumptions: FICO 680+, 25% down, loans over $832,750. Learn more about Jumbo Loans.

Refinance Rates

TERM	RATE	APR	POINT(S)	Example Payment*
30-Year Fixed	5.990%	6.169	0	360 payments of $1,797 at 5.990%
20-Year Fixed	5.625%	6.743	0	240 payments of $2,082 at 5.625%
15-Year Fixed	5.375%	5.522	0	180 payments of $2,430 at 5.375%
7 Yr ARM	5.875%	6.762	1	Initial: $1,773 (adjusts after 7 years)
5 Yr ARM	5.750%	6.638	1	Initial: $1,749 (adjusts after 5 years)

*Example based on $300,000 loan. Assumptions: FICO 780+, 30% down, $300,000+ loan amount. Learn more about refinancing.

*Rates are based on a 740+ credit score. Individual current mortgage rates in Springfield MO may vary based on loan-to-value (LTV) and debt-to-income (DTI) ratios.

Springfield Monthly Payment Estimator

Most national calculators miss local nuances. We’ve pre-set this tool with Greene County’s effective property tax rate (approx. 1.25%) to provide a true Ozarks estimate for your monthly obligation.

Purchase Price $

Mortgage Term

Down Payment ($)

20%

Annual Taxes ($)

1.38%

Interest Rate (%)

5.99%

Mortgage Insurance Rate (%)

Annual Insurance $

Monthly HOA $

Want a Copy of the Results?

$1421

Monthly Payment

Principal & Interest $1421

Monthly Taxes $1421

Monthly HOA $1421

Monthly Insurance $1421

Monthly PMI $0

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Why Interest Rates in Springfield, MO Differ from National Averages

National mortgage rates often reflect “one-size-fits-all” pricing from large, multi-state banks. However, the Springfield, MO market is uniquely competitive due to a high concentration of regional lenders and community-based financial institutions that prioritize local homeownership.

Because local experts understand the specific inventory in Greene County—from historic urban cores like Rountree to developing suburban zones in Nixa and Republic—they can often offer more flexible terms than national aggregators. This high level of regional competition helps drive current mortgage rates in Springfield MO toward more consumer-friendly benchmarks, especially for buyers who leverage Missouri-specific tax assessments and assistance programs.

Missouri Down Payment Assistance (MHDC) for Springfield Buyers

Springfield remains a top-tier market for buyers utilizing Missouri Housing Development Commission (MHDC) programs to lower their initial costs.

First Place Program: Offers lower-than-market interest rates specifically for first-time buyers and qualified Veterans in Greene County.
Next Step: Provides cash assistance for down payments and closing costs, available to both first-time and repeat buyers with flexible income limits.

Our team is a certified MHDC lender, helping Springfield residents enter the market with as little as 3.5% (FHA) or even 0% (USDA/VA) down.

What Your Neighbors Are Saying

“Found an incredible rate for our bungalow in Rountree. Rick’s team handled the MHDC process seamlessly!”
— Sarah J., Springfield MO

“As a veteran, I needed a lender who truly understood VA benefits. We closed on our home in Nixa in record time.”
— Mark T., Nixa MO

Five Star Professional 13-Year Award Winner

Frequently Asked Questions About Springfield Mortgages

What are the current mortgage rates in Springfield, MO?

As of early 2026, springfield mo mortgage rates for a standard 30-year fixed mortgage are averaging approximately 5.875%. Regional lenders often offer rates slightly lower than national averages to remain competitive in the Southwest Missouri market.

How much are property taxes in Greene County?

In Springfield, residential property is assessed at 19% of its market value. The effective tax rate in Greene County typically hovers around 1.02% to 1.05%, which is significantly lower than the national average, making your total monthly mortgage payment more affordable.

Do I need a 20% down payment to buy in Springfield?

No. Many local buyers qualify for FHA loans with as little as 3.5% down. Additionally, the surrounding metro areas like Willard and Rogersville often qualify for USDA loans, which offer 0% down payment options for eligible borrowers.

What credit score do I need for the best interest rates in Springfield, MO?

To secure the absolute best interest rates in Springfield, MO, a credit score of 740 or higher is generally required. However, many local programs can assist buyers with scores as low as 580-620.

Southwest Missouri & Ozarks Mortgage Resource Center

Navigate the 2026 Springfield housing market with our regional benchmarks and buyer tools:

🛡️ Buyer Education

Lock Strategy: Rate Lock Procedures
Product Comparison: Fixed vs. ARM Guide
Credit Scores: Minimum Credit Scores

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