Securing the most competitive mortgage rates in Missouri requires a deep understanding of the Show-Me State’s unique lending environment. Beyond national interest rate trends, Missouri-specific factors—such as the state’s 19% residential assessment ratio and specialized programs from the Missouri Housing Development Commission (MHDC)—directly impact your monthly payment. From the Ozarks to the Iowa border, we provide the localized data and state-backed resources that national lenders often overlook.
Live Market Data for
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Conforming fixed-rate mortgage
Below is a conforming fixed-rate estimated monthly payment and APR example.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-Year Fixed | 360 payments of $1,727 at 5.625% | |||
| 20-Year Fixed | 240 payments of $2,064 at 5.500% | |||
| 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) | |||
Minimum credit score is 620.
FHA mortgages
Below is an FHA estimated monthly payment and APR example.
| 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% |
Minimum credit score is 640.
VA mortgages
Below is a VA estimated monthly payment and APR example.
| 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% |
Minimum credit score is 640.
USDA mortgages
Below is a USDA estimated monthly payment and APR example.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-year fixed | 360 payments of $1,744 at 5.625% |
Minimum credit score is 640.
Jumbo mortgages
Below is a jumbo estimated monthly payment and APR example.
| 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) |
Minimum credit score is 680.
We provide daily updates on home mortgage rates kansas city to help Missouri residents lock in their financing at the optimal time. We are proud to be leading mortgage lenders in Missouri and Kansas.
Historical Perspective: Missouri vs. National Trends
Top-ranking sites provide historical context to help buyers time their lock. Missouri rates historically track within 0.05% of the national average.
The “Missouri Tax Signal”: Understanding the 19% Ratio
The most significant factor in Missouri mortgage affordability is the state’s property tax assessment structure. Unlike states that tax 100% of market value, Missouri uses a “discounted” assessment ratio that directly determines your monthly escrow requirement.
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Assessment Ratio: Residential properties in Missouri are assessed at only 19% of their true market value.
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The Escrow Impact: A home valued at $300,000 will have an assessed value of $57,000 ($300k x 19%).
Your annual tax bill is then calculated by multiplying this $57,000 figure by the local mill levy set by your county and school district. Because these levies vary significantly across the state, your monthly mortgage payment can change based on the zip code:
| Region | Typical Mill Levy (Example) | Est. Annual Tax (on $300k home) |
| Eastern Metro (St. Louis) | ~7.50% | $4,275 |
| Western Metro (Kansas City) | ~8.00% | $4,560 |
| Central MO (Columbia) | ~6.30% | $3,591 |
| Southwest MO (Springfield) | ~5.20% | $2,964 |
Rates are estimates; for a precise calculation of your target neighborhood, visit our St. Louis or Springfield local rate hubs.
Missouri Property Tax Estimator
Calculated using the Missouri 19% residential assessment ratio.
Missouri State Assistance: MHDC Grants & Credits
National lenders often ignore state-backed programs that can bridge the affordability gap. We specialize in MHDC (Missouri Housing Development Commission) products:
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First Place Program: Provides first-time buyers and Veterans with lower rates and forgivable cash assistance for down payments.
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Mortgage Credit Certificate (MCC): Allows you to claim a federal tax credit for a portion of your annual mortgage interest, effectively reducing your net interest rate.
Geographic Focus: Major Missouri Housing Markets
Missouri Regional Mortgage Resources & Silo
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Kansas City: View our specialized Kansas City Mortgage Rates hub.
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Springfield: Explore Springfield MO Interest Rates for Ozark trends.
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St. Louis: Visit our St. Louis Mortgage Rates for the state’s eastern metro data.
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Kansas Hub: Compare these rates in Kansas for a bi-state metro overview.
Frequently Asked Questions
What is the 2026 conforming loan limit for Missouri?
The 2026 baseline conforming loan limit for one-unit properties across the majority of Missouri counties is $832,750. While limits are standard for most of the state, you can view specific limits for individual metros on our St. Louis and Kansas City rate pages.
Does Missouri offer a tax deduction for first-time buyers?
Yes. Missouri allows residents to deduct contributions to a First-Time Homebuyer Savings Account—up to $800 for single filers and $1,600 for joint filers—from their state taxable income.
Ready to secure your rate in the Show-Me State? Get a Personalized Missouri Rate Quote →