Find the most competitive mortgage rates in the St. Louis metro area. Whether you are buying a historic brick home in Tower Grove, a new build in St. Charles, or a condo in the Central West End, getting a local rate advantage matters.
Live Market Data for
Today’s Mortgage Rates in St. Louis, MO
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-Year Fixed | 360 payments of $1,775 at 5.875% | |||
| 20-Year Fixed | 240 payments of $2,106 at 5.750% | |||
| 15-Year Fixed | 180 payments of $2,431 at 5.375% | |||
| 7 Yr ARM | Initial: $1,727 (adjusts after 7 years) | |||
| 5 Yr ARM | Initial: $1,680 (adjusts after 5 years) | |||
*Example based on $300,000 loan. Assumptions: FICO 780+, 30% down, $300,000+ loan amount. Learn more about Conventional Loans.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-year fixed | 360 payments of $1,733 at 5.500% | |||
| 20-year fixed | 240 payments of $2,100 at 5.500% | |||
| 15-year fixed | 180 payments of $2,414 at 5.000% |
*Example based on $300,000 loan (includes MIP). Assumptions: FICO 640+, 3.5% down. Learn more about FHA loans.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-year fixed | 360 payments of $1,725 at 5.500% | |||
| 20-year fixed | 240 payments of $2,090 at 5.500% | |||
| 15-year fixed | 180 payments of $2,422 at 5.125% |
*Example based on $300,000 loan. VA funding fee may apply. Assumptions: FICO 640+, 0% down (for eligible veterans). Learn more about VA Loans.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-year fixed | 360 payments of $1,744 at 5.625% |
*Example based on $300,000 loan (includes guarantee fee). Assumptions: FICO 640+, 0% down (rural areas only). Learn more about USDA loans.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-Year Jumbo | 360 payments of $5,915 at 5.875% (for $1,000,000 loan) | |||
| 15-Year Jumbo | 180 payments of $8,304 at 5.750% (for $1,000,000 loan) | |||
| 7 Yr ARM | Initial: $5,677.89 (adjusts after 7 years) | |||
| 5 Yr ARM | Initial: $5,600 (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.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-Year Fixed | 360 payments of $1,797 at 5.990% | |||
| 20-Year Fixed | 240 payments of $2,082 at 5.625% | |||
| 15-Year Fixed | 180 payments of $2,430 at 5.375% | |||
| 7 Yr ARM | Initial: $1,773 (adjusts after 7 years) | |||
| 5 Yr ARM | 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.
Pro Tip: St. Louis residents often qualify for the MHDC (Missouri Housing Development Commission) program, which can provide down payment assistance that national lenders may not proactively mention.
The St. Louis Housing Market: 2026 Trends
While national trends provide a baseline, the St. Louis Housing Market operates on its own rhythm. Currently, we are seeing high demand in “walkable” pockets of the City and rapid expansion in the “Golden Triangle” of St. Charles County. For those looking to buy in 2026, the Gateway region offers a unique balance of historic charm and modern suburban growth.
St. Louis City vs. St. Louis County Taxes
One of the biggest mistakes buyers make is calculating their mortgage based on a generic tax average.
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St. Louis City: Generally features a lower property tax rate but includes a 1% local earnings tax for those living or working within city limits.
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St. Louis County: Property tax rates vary significantly by school district (e.g., Ladue or Lindbergh vs. Hazelwood).
When we lock in your rate, we factor in these specific escrow requirements to ensure your “Total Monthly Payment” is accurate, not just an estimate.
Mortgage Programs for St. Louis Homebuyers
1. First-Time Homebuyer Programs
We specialize in First Place and Next Step programs offered by the MHDC. These are ideal for buyers looking in areas like Dutchtown or Old North, where revitalization grants are often available.
2. VA Loans (Scott Air Force Base & Beyond)
With our proximity to Scott AFB, St. Louis has a robust veteran community. VA loans offer $0 down payment options and typically carry interest rates 0.25% to 0.50% lower than conventional loans.
3. Medical Professional Loans (Dr. Loans)
Serving the BJC HealthCare and Mercy networks, we offer specialized mortgage products for residents and attending physicians moving into the Central West End or West County, often featuring 100% financing and no PMI.
Get a Custom St. Louis Rate Quote
Stop guessing based on national averages. Get a “Live” rate quote based on your specific St. Louis zip code and credit profile.
| Zip Code | Area / Neighborhood | Avg. Tax Rate | Median Price (2026) |
|---|---|---|---|
| 63104 | Lafayette Square CITY | 1.02%* | $345,000 |
| 63139 | South City / Clifton Hts CITY | 1.02%* | $295,000 |
| 63105 | Clayton COUNTY | 1.29% | $715,000 |
| 63122 | Kirkwood COUNTY | 1.19% | $405,000 |
| 63119 | Webster Groves COUNTY | 1.33% | $310,000 |
| 63131 | Town & Country COUNTY | 1.08% | $725,000 |
| 63146 | Creve Coeur COUNTY | 1.26% | $275,000 |
| 63117 | Richmond Heights COUNTY | 1.45% | $328,000 |
| 63303 | St. Charles (City) STC | 1.05% | $355,000 |
*Note: St. Louis City residents are subject to a 1% local earnings tax not reflected in the property tax percentage. Median prices are estimates based on Q1 2026 market data.
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Why Choose a Missouri-Based Lender for Your St. Louis Home?
At Metropolitan Mortgage, we aren’t a “National Giant” call center in California. We are Missourians. We understand the MHDC programs and the St. Louis City Earnings Tax because we live and work in the same regulatory environment. You get the technology of a major lender with the personal touch of a neighbor who knows the difference between Chesterfield and The Hill.
Luxury Markets & St. Charles Suburb Guide
For buyers targeting premium school districts or lower tax brackets, moving just outside the St. Louis City limits can significantly impact your monthly mortgage payment. Here is the 2026 market outlook for the region’s high-value suburbs.
| Area | Avg. Tax Rate | Median Price (Feb 2026) | Market Vibe |
|---|---|---|---|
| St. Charles City | 1.05% | $355,000 | Historic charm, lower taxes than STL County. |
| Lake St. Louis | 1.12% | $435,000 | Resort-style living & private lake access. |
| Clayton | 1.29% | $715,000 | Walkable luxury & high-density finance hub. |
| Chesterfield | 1.18% | $685,000 | Top-tier Parkway schools & executive estates. |
| Ladue | 1.14% | $1,250,000+ | The region’s premier luxury real estate market. |
Frequently Asked Questions
Why are mortgage payments different in St. Charles vs. St. Louis County?
What is the “St. Louis Earnings Tax” and does it affect my mortgage?
Does Metropolitan Mortgage (NMLS 227722) offer local STL expertise?
What is a “Jumbo Loan” in St. Louis for 2026?
Disclaimer: Rates are subject to change based on market volatility. Contact an NMLS-licensed professional for a formal Loan Estimate.
📍 Visit Our Missouri Headquarters
While our main office is in Kansas City, Metropolitan Mortgage is a Missouri-market expert. We understand local tax codes and MHDC programs from the Gateway to the Plaza.