Select your Scenario
Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.
Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.
Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.
Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.
Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.
Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.
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Current Local Mortgage Rates
Sorted by lowest conforming purchase rate
Requires veteran or military eligibility
Loan amount is under conforming limits
| Loan Program | Today's Rate / APR | Points | Est. Payment | Action |
|---|---|---|---|---|
| Conventional 30-Yr FixedConforming | 7.246%APR 7.291% | 0 pts$0 | $792/moP&I $792 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.124%APR 6.901% | 0 pts$0 | $773/moP&I $718 · MI $54 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.448%APR 6.513% | 0 pts$0 | $731/moP&I $731 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 7.292%APR 7.371% | 0 pts$0 | $796/moP&I $796 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.811% | 0 pts$0 | $823/moP&I $823 · MI $0 | See details |
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Compare all 26 pre-computed scenario benchmarks
Scenario Program | Down Pct | Credit score | Today's Rate | APR | Points | P&I Payment | 3-Yr Metric Cost |
|---|---|---|---|---|---|---|---|
15-Year Conforming Purchase | 20% | 740 credit score | 6.448% | 6.513% | 0 pts ($0) | $1,009/mo | $21,096 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.375% | 6.455% | 0 pts ($0) | $1,255/mo | $28,895 |
Condo 10% Down | 10% | 720 credit score | 7.482% | 7.665% | 0 pts ($0) | $913/mo | $32,270 |
Conventional 10% Down | 10% | 720 credit score | 6.932% | 7.100% | 0 pts ($0) | $864/mo | $30,101 |
Conventional 20% Down | 20% | 740 credit score | 7.246% | 7.291% | 0 pts ($0) | $792/mo | $24,893 |
Conventional 5% Down | 5% | 700 credit score | 7.199% | 7.691% | 0 pts ($0) | $937/mo | $32,884 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.622% | 7.669% | 0 pts ($0) | $1,028/mo | $35,597 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $860/mo | $29,127 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.823% | 7.205% | 0 pts ($0) | $921/mo | $33,247 |
Conventional Rate/Term Refi | 0% | 740 credit score | 7.292% | 7.371% | 0 pts ($0) | $995/mo | $34,151 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,199/mo | $28,581 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.124% | 6.901% | 0 pts ($0) | $867/mo | $30,540 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $880/mo | $30,812 |
FHA Streamline Refi | 0% | 640 credit score | 6.332% | 7.112% | 0 pts ($0) | $918/mo | $32,572 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.139% | 7.392% | 0 pts ($0) | $931/mo | $33,876 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $909/mo | $17,794 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.811% | 0 pts ($0) | $771/mo | $24,583 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $783/mo | $24,469 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $845/mo | $25,900 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.495% | 7.278% | 0 pts ($0) | $901/mo | $32,132 |
Second Home 10% Down | 10% | 720 credit score | 6.144% | 6.728% | 0 pts ($0) | $796/mo | $26,999 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $764/mo | $23,625 |
VA 0% Down | 0% | 700 credit score | 6.177% | 6.429% | 0 pts ($0) | $907/mo | $30,131 |
VA Cash-Out Refi | 0% | 640 credit score | 6.192% | 6.570% | 0 pts ($0) | $908/mo | $30,198 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.245% | 6.405% | 0 pts ($0) | $913/mo | $30,434 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $799/mo | $25,289 |
Frequently Asked Questions
What are today's mortgage rates in Ferguson-Florissant R-II, MO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Ferguson-Florissant R-II, MO is 7.246% (with an estimated monthly payment of $899). Active program rates also include FHA 30-year fixed loans at 6.124% and VA 0%-down fixed loans at 6.177%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Ferguson-Florissant R-II, MO?
Mortgage rates have shown typical daily fluctuations driven by inflation data and bond yields. Over the past 90 days, conventional 30-year fixed rates in Ferguson-Florissant R-II, MO have fluctuated between a low of 7.045% and a high of 7.294%. You can track these daily movements by using the 90-day rate history and trajectory chart featured on this page.
Is an FHA or Conventional loan more cost-effective in Ferguson-Florissant R-II, MO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $145,270 in Ferguson-Florissant R-II, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $29,054 but keeps your monthly payment lower at $899/mo (at 7.246% interest) with no monthly PMI. In comparison, an FHA loan requires only $5,084 (3.5% down) but has an estimated payment of $983/mo (at 6.124% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $140,186 falls comfortably within the local HUD FHA loan limit of $524,225 (1-unit), making FHA financing an exceptionally accessible, high-leverage entry point into the market.
What is the maximum conforming loan limit in Ferguson-Florissant R-II before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Ferguson-Florissant R-II is $806,501. With a typical local home value of $145,270 in , a standard 20%-down mortgage requires a loan size of $116,216. Because this is within the $806,501 conforming threshold, buyers can easily qualify for standard conforming conventional financing with competitive rates.
How does the median home value in Ferguson-Florissant R-II, MO impact estimated mortgage payments?
The median home value in Ferguson-Florissant R-II, MO is estimated at $145,270. Buying a typical home here with a standard 20% down payment ($29,054) translates to an estimated starting monthly mortgage payment of $899 (principal and interest). Compared to the local area median household income of $56,625 ($4,719/mo), this basic housing payment represents approximately 19.1% of gross monthly household income. This housing cost is well within standard lender affordability guidelines (under the 36% DTI benchmark), demonstrating healthy local purchasing power.