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.
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%
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
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
FHA loan limits for Belton, MO
VA loan limits for Belton, MO
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