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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 | 6.938%APR 6.971% | 0 pts$0 | $2,033/moP&I $2,033 · MI $0 | See details |
| FHA 30-Yr FixedConforming | 5.961%APR 6.727% | 0 pts$0 | $2,011/moP&I $1,868 · MI $143 | See details |
| VA 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| Jumbo 30-Yr Fixed Doesn't Apply | — | — | — | Ineligible |
| 15-Year Conforming FixedConforming | 6.078%APR 6.126% | 0 pts$0 | $1,859/moP&I $1,859 · MI $0 | See details |
| Refinance 30-Yr FixedConforming | 6.963%APR 6.997% | 0 pts$0 | $2,038/moP&I $2,038 · MI $0 | See details |
| Investment Property FixedConforming | 7.625%APR 7.676% | 0 pts$0 | $2,176/moP&I $2,176 · 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 | 6.078% | 6.126% | 0 pts ($0) | $2,608/mo | $52,514 |
15-Year Rate/Term Refi | 0% | 740 credit score | 6.021% | 6.069% | 0 pts ($0) | $3,248/mo | $72,502 |
Condo 10% Down | 10% | 720 credit score | 7.244% | 7.412% | 0 pts ($0) | $2,358/mo | $82,893 |
Conventional 10% Down | 10% | 720 credit score | 6.771% | 6.927% | 0 pts ($0) | $2,248/mo | $77,961 |
Conventional 20% Down | 20% | 740 credit score | 6.938% | 6.971% | 0 pts ($0) | $2,033/mo | $63,005 |
Conventional 5% Down | 5% | 700 credit score | 7.069% | 7.547% | 0 pts ($0) | $2,446/mo | $85,572 |
Conventional Cash-Out Refi | 0% | 740 credit score | 7.368% | 7.404% | 0 pts ($0) | $2,653/mo | $91,235 |
Conventional High Balance | 10% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,274/mo | $77,064 |
Conventional HomeReady 3% | 3% | 660 credit score | 6.840% | 7.214% | 0 pts ($0) | $2,440/mo | $88,155 |
Conventional Rate/Term Refi | 0% | 740 credit score | 6.963% | 6.997% | 0 pts ($0) | $2,548/mo | $86,541 |
FHA 15-Year Fixed 3.5% Down | 3.5% | 680 credit score | 5.936% | 6.686% | 0 pts ($0) | $3,172/mo | $75,619 |
FHA 3.5% Down | 3.5% | 680 credit score | 5.961% | 6.727% | 0 pts ($0) | $2,253/mo | $78,952 |
FHA Streamline (Excellent Credit) | 0% | 740 credit score | 5.936% | 6.686% | 0 pts ($0) | $2,329/mo | $81,522 |
FHA Streamline Refi | 0% | 640 credit score | 6.077% | 6.845% | 0 pts ($0) | $2,364/mo | $83,179 |
House Hacking Conforming 5% | 5% | 680 credit score | 7.026% | 7.267% | 0 pts ($0) | $2,436/mo | $88,385 |
Investment 15-Year Fixed 25% Down | 25% | 740 credit score | 5.820% | 5.855% | 0 pts ($0) | $2,405/mo | $47,079 |
Investment Property 25% Down | 25% | 740 credit score | 7.625% | 7.676% | 0 pts ($0) | $2,040/mo | $65,041 |
Jumbo Conforming | 20% | 760 credit score | 7.125% | 7.168% | 0 pts ($0) | $2,072/mo | $64,739 |
Jumbo Elite Premium 10% Down | 10% | 760 credit score | 6.712% | 6.741% | 0 pts ($0) | $2,235/mo | $68,526 |
Lower Credit FHA 3.5% | 3.5% | 580 credit score | 6.325% | 7.097% | 0 pts ($0) | $2,342/mo | $83,082 |
Second Home 10% Down | 10% | 720 credit score | 5.966% | 6.536% | 0 pts ($0) | $2,066/mo | $69,583 |
Second Home 20% Down | 20% | 740 credit score | 6.884% | 6.900% | 0 pts ($0) | $2,022/mo | $62,505 |
VA 0% Down | 0% | 700 credit score | 6.079% | 6.321% | 0 pts ($0) | $2,374/mo | $78,562 |
VA Cash-Out Refi | 0% | 640 credit score | 6.082% | 6.449% | 0 pts ($0) | $2,375/mo | $78,597 |
VA IRRRL Streamline Refi | 0% | 640 credit score | 6.089% | 6.239% | 0 pts ($0) | $2,376/mo | $78,680 |
VA Military 10% Down | 10% | 720 credit score | 6.067% | 6.143% | 0 pts ($0) | $2,115/mo | $66,909 |
Frequently Asked Questions
What are today's mortgage rates in Raymore-Peculiar R-II, MO across different loan programs?
Today's benchmark conventional 30-year fixed mortgage rate in Raymore-Peculiar R-II, MO is 6.938% (with an estimated monthly payment of $2,025). Active program rates also include FHA 30-year fixed loans at 5.961% and VA 0%-down fixed loans at 6.079%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.
What is the recent mortgage rate trend in Raymore-Peculiar 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 Raymore-Peculiar R-II, MO have fluctuated between a low of 6.562% and a high of 7.002%. 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 Raymore-Peculiar R-II, MO?
Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $384,349 in Raymore-Peculiar R-II, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $76,870 but keeps your monthly payment lower at $2,025/mo (at 6.938% interest) with no monthly PMI. In comparison, an FHA loan requires only $13,452 (3.5% down) but has an estimated payment of $2,245/mo (at 5.961% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $370,897 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 Raymore-Peculiar R-II before needing a Jumbo loan?
The 2025 conforming conventional loan limit for a 1-unit property in Raymore-Peculiar R-II is $806,501. With a typical local home value of $384,349 in , a standard 20%-down mortgage requires a loan size of $307,479. 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 Raymore-Peculiar R-II, MO impact estimated mortgage payments?
The median home value in Raymore-Peculiar R-II, MO is estimated at $384,349. Buying a typical home here with a standard 20% down payment ($76,870) translates to an estimated starting monthly mortgage payment of $2,025 (principal and interest). Compared to the local area median household income of $102,177 ($8,515/mo), this basic housing payment represents approximately 23.8% 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.