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Joplin

Current Mortgage Rates in Joplin, Missouri

Compare mortgage rates and fees for leading lenders in Joplin, 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 Joplin.

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

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Mortgage Rates in Joplin, MO as of December 16, 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 Joplin, MO Mortgage Rates Compare?

December 16, 2019

The current average rate for a 30 year fixed rate mortgage in Joplin 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
Joplin, 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 Joplin, Missouri?

The median home value for Joplin, MO (Jasper County) is $121,987

The median household income for Joplin, MO (Jasper County) is $46,714

Based on current mortgage rates and a 10% down payment, you need to make $22,632 per year to buy the median priced home in Joplin

The home price you can afford to buy based on household income in Joplin is 206% of the median home value which means housing prices are affordable

Joplin (Jasper County) ranks 58 out of 115 counties in Missouri and 1,460 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Joplin, MO is affordable

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Loan Limits for Joplin, Missouri

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

Conforming loan limits for Joplin, MO

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

FHA loan limits for Joplin, MO

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Joplin, MO

1 unit: $484,350

Additional Mortgage Resources for Joplin, 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