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 | 6.991%APR 7.034% | 0 pts$0 | $991/moP&I $991 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 6.094%APR 6.870% | 0 pts$0 | $989/moP&I $919 · MI $70 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.249%APR 6.311% | 0 pts$0 | $918/moP&I $918 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.839%APR 6.882% | 0 pts$0 | $976/moP&I $976 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.721% | 0 pts$0 | $1,056/moP&I $1,056 · 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 | 6.249% | 6.311% | 0 pts ($0) | $1,279/mo | $26,212 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.172% | 6.237% | 0 pts ($0) | $1,591/mo | $35,984 |
Condo 10% Down | 10% | 720 credit score | 7.325% | 7.503% | 0 pts ($0) | $1,153/mo | $40,618 |
Conventional 10% Down | 10% | 720 credit score | 6.902% | 7.070% | 0 pts ($0) | $1,105/mo | $38,478 |
Conventional 20% Down | 20% | 740 credit score | 6.991% | 7.034% | 0 pts ($0) | $991/mo | $30,800 |
Conventional 5% Down | 5% | 700 credit score | 7.290% | 7.786% | 0 pts ($0) | $1,213/mo | $42,688 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.441% | 7.487% | 0 pts ($0) | $1,296/mo | $44,665 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $1,103/mo | $37,381 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.871% | 7.254% | 0 pts ($0) | $1,188/mo | $42,930 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.839% | 6.882% | 0 pts ($0) | $1,220/mo | $41,281 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,538/mo | $36,680 |
FHA 3.5% Down | 3.5% | 680 credit score | 6.094% | 6.870% | 0 pts ($0) | $1,109/mo | $39,028 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $1,130/mo | $39,543 |
FHA Streamline Refi | 0% | 640 credit score | 6.288% | 7.068% | 0 pts ($0) | $1,173/mo | $41,550 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.262% | 7.517% | 0 pts ($0) | $1,210/mo | $44,132 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $1,166/mo | $22,836 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.721% | 0 pts ($0) | $990/mo | $31,549 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.159% | 0 pts ($0) | $1,005/mo | $31,402 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $1,084/mo | $33,239 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.455% | 7.237% | 0 pts ($0) | $1,152/mo | $41,016 |
Second Home 10% Down | 10% | 720 credit score | 6.105% | 6.687% | 0 pts ($0) | $1,017/mo | $34,453 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $981/mo | $30,319 |
VA 0% Down | 0% | 700 credit score | 6.116% | 6.366% | 0 pts ($0) | $1,156/mo | $38,319 |
VA Cash-Out Refi | 0% | 640 credit score | 6.122% | 6.498% | 0 pts ($0) | $1,157/mo | $38,354 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.136% | 6.295% | 0 pts ($0) | $1,158/mo | $38,434 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $1,026/mo | $32,455 |
Frequently Asked Questions
What are today's mortgage rates in Houston R-I, MO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Houston R-I, MO is 6.991% (with an estimated monthly payment of $1,189). Active program rates also include FHA 30-year fixed loans at 6.094% and VA 0%-down fixed loans at 6.116%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Houston R-I, 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 Houston R-I, MO have fluctuated between a low of 6.884% and a high of 7.134%. 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 Houston R-I, MO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $186,433 in Houston R-I, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $37,287 but keeps your monthly payment lower at $1,189/mo (at 6.991% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,525 (3.5% down) but has an estimated payment of $1,330/mo (at 6.094% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $179,908 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 Houston R-I before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Houston R-I is $806,501. With a typical local home value of $186,433 in , a standard 20%-down mortgage requires a loan size of $149,146. 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 Houston R-I, MO impact estimated mortgage payments?
The median home value in Houston R-I, MO is estimated at $186,433. Buying a typical home here with a standard 20% down payment ($37,287) translates to an estimated starting monthly mortgage payment of $1,189 (principal and interest). Compared to the local area median household income of $51,693 ($4,308/mo), this basic housing payment represents approximately 27.6% 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.