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Belton

Current Mortgage Rates in Belton, Missouri

Compare mortgage rates and fees for leading lenders in Belton, MO. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Belton.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Belton. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Belton, MO as of December 9, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Belton, MO Mortgage Rates Compare?

December 9, 2019

The current average rate for a 30 year fixed rate mortgage in Belton is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Belton, MO Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Belton, Missouri?

The median home value for Belton, MO (Cass County) is $192,580

The median household income for Belton, MO (Cass County) is $67,350

Based on current mortgage rates and a 10% down payment, you need to make $35,730 per year to buy the median priced home in Belton

The home price you can afford to buy based on household income in Belton is 188% of the median home value which means housing prices are average

Belton (Cass County) ranks 75 out of 115 counties in Missouri and 1,812 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Belton, MO is average

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Loan Limits for Belton, Missouri

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Belton (Cass County) below.

Conforming loan limits for Belton, MO

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Belton, MO

1 unit: $336,950
2 units: $431,350
3 units: $521,400
4 units: $648,000

VA loan limits for Belton, MO

1 unit: $484,350

Additional Mortgage Resources for Belton, MO Residents

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St. Louis Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index