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Platte

Compare Current Platte, Missouri Mortgage Rates

Compare Platte, MO mortgage rates and fees from top lenders. 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 lowest mortgage rates in Platte.

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

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Platte, MO Mortgage Rates as of September 26, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Platte, MO Mortgage Rates

September 26, 2022

Current mortgage rates in Platte, MO are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Platte, MO Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.020%
15 Year Fixed Rate
%
5.210%
5/1 Adjustable Rate Mortgage
%
4.930%

How Affordable is Housing in Platte, Missouri?

Below we provide helpful information on the real estate market, home prices and housing affordability in Platte. Understand how much you need to earn to afford a home in Platte, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Platte fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Platte is right for you.

The median home value for Platte, MO is $299,928

Based on current mortgage rates and a 10% down payment, you need to make $49,142 per year to buy the median priced home in Platte

With this income, you could qualify for a $269,936 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Platte is $1,138

The median household income for Platte, MO is $88,320

Based on this income, you can afford a home valued at approximately $539,044

The home price you can afford to buy based on household income in Platte is 180% of the median home value which means housing prices are average. Platte ranks 101 out of 115 counties in Missouri and 2,129 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Platte, Missouri

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Platte below.

Conforming loan limits for Platte, MO

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Platte, MO

1 unit: $431,250
2 units: $552,050
3 units: $667,350
4 units: $829,350

VA loan limits for Platte, MO

1 unit: $647,200

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