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Safe Rate LocalSouthern Reynolds County R-Ii index·Updated August 17, 2026

Mortgage Rates in Southern Reynolds County R-Ii

7.097%Rate
7.138%APR
$924monthly mortgage payment
$0points (0 pts)
Loan Amount $137,542; and Downpayment $34,386
Local Fast Facts
MO28590
Typical Home Value
$171,928
YoY Appreciation
+11.4%
Area Median Income
$51,779
Estimated Property Taxes
$3,043/yr
Est. Property Tax Rate
1.77%
Conforming Loan Limit (1-unit)
$806,501
FHA Loan Limit (1-unit)
$524,225
Jumbo Threshold (1-unit)
> $806,501
Average Loan to Value
81.2%

Select your Scenario

Selected
Traditional (20% Down)7.097% Rate

Dodge monthly mortgage insurance premiums (PMI) completely and secure the standard conventional baseline.

Payment$924/mo
Down Payment$34,386
Loan Amount$137,542
Lower Down Payment6.118% Rate

Explore programs requiring as little as 3% down conventional or 3.5% FHA, helping you buy sooner.

Payment$1,102/mo
Down Payment$6,017
Loan Amount$168,814
Select Scenario
Refinance7.241% Rate

Optimize your existing debt service, lower your interest rate, or secure cash-out equity restructure.

Payment$1,172/mo
Down Payment$0
Loan Amount$171,928
Select Scenario
Veteran6.141% Rate

Department of Veterans Affairs purchase loans offering 0% down payment and no monthly PMI for military.

Payment$1,069/mo
Down Payment$0
Loan Amount$175,624
Select Scenario
Faster Payoff6.333% Rate

Lock in lower interest rates with a 15-year fixed loan term to build massive equity quickly.

Payment$1,186/mo
Down Payment$34,386
Loan Amount$137,542
Select Scenario
Investor7.625% Rate

Finance non-owner occupied rental acquisitions or multi-unit house hacking with competitive investor pricing.

Payment$913/mo
Down Payment$42,982
Loan Amount$128,946
Select Scenario

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Current Local Mortgage Rates

Sorted by lowest conforming purchase rate

Updated: Daily
Conventional 30-Yr FixedConforming
7.097%APR 7.138%
Est. Payment$924/mo
Points0 pts
3-Yr Cost*$28,843
P&I $924 · MI $0
See details
FHA 30-Yr FixedConforming
6.118%APR 6.893%
Est. Payment$914/mo
Points0 pts
3-Yr Cost*$29,932
P&I $850 · MI $64
See details
VA 30-Yr Fixed Doesn't Apply

Requires veteran or military eligibility

Jumbo 30-Yr Fixed Doesn't Apply

Loan amount is under conforming limits

15-Year Conforming FixedConforming
6.333%APR 6.394%
Est. Payment$854/mo
Points0 pts
3-Yr Cost*$25,679
P&I $854 · MI $0
See details
Refinance 30-Yr FixedConforming
7.241%APR 7.298%
Est. Payment$937/mo
Points0 pts
3-Yr Cost*$29,442
P&I $937 · MI $0
See details
Investment Property FixedConforming
7.625%APR 7.751%
Est. Payment$974/mo
Points0 pts
3-Yr Cost*$31,032
P&I $974 · MI $0
See details
* 3-Yr Cost captures the true wholesale transaction friction: cumulative 36-month interest + upfront government fees + ongoing monthly PMI/MIP. Scenarios can be customized on any program page.

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Frequently Asked Questions

What are today's mortgage rates in Southern Reynolds County R-II, MO across different loan programs?

Today's benchmark conventional 30-year fixed mortgage rate in Southern Reynolds County R-II, MO is 7.097% (with an estimated monthly payment of $1,033). Active program rates also include FHA 30-year fixed loans at 6.118% and VA 0%-down fixed loans at 6.141%. These rates are calibrated daily by Safe Rate's pricing engine matching active local market conditions.

What is the recent mortgage rate trend in Southern Reynolds County 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 Southern Reynolds County R-II, MO have fluctuated between a low of 6.945% and a high of 7.200%. 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 Southern Reynolds County R-II, MO?

Choosing between FHA and Conventional depends on your down payment budget and credit score. For a typical home priced at $171,928 in Southern Reynolds County R-II, MO, a standard 20%-down Conventional loan requires an upfront cash down payment of $34,386 but keeps your monthly payment lower at $1,033/mo (at 7.097% interest) with no monthly PMI. In comparison, an FHA loan requires only $6,017 (3.5% down) but has an estimated payment of $1,145/mo (at 6.118% interest) due to mandatory FHA mortgage insurance (MIP). Local Nuance: The typical local FHA loan amount of $165,911 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 Southern Reynolds County R-II before needing a Jumbo loan?

The 2025 conforming conventional loan limit for a 1-unit property in Southern Reynolds County R-II is $806,501. With a typical local home value of $171,928 in , a standard 20%-down mortgage requires a loan size of $137,542. 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 Southern Reynolds County R-II, MO impact estimated mortgage payments?

The median home value in Southern Reynolds County R-II, MO is estimated at $171,928. Buying a typical home here with a standard 20% down payment ($34,386) translates to an estimated starting monthly mortgage payment of $1,033 (principal and interest). Compared to the local area median household income of $51,779 ($4,315/mo), this basic housing payment represents approximately 23.9% 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.