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St. Louis city

Compare Current St. Louis city, Missouri Mortgage Rates

Compare St. Louis city, 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 St. Louis city.

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

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St. Louis city, MO Mortgage Rates as of January 24, 2022
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's St. Louis city, MO Mortgage Rates Compare?

January 24, 2022

Current mortgage rates in St. Louis city, 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
St. Louis city, MO Rates
National
Average
Comparison
30 Year Fixed Rate
%
3.560%
15 Year Fixed Rate
%
2.790%
5/1 Adjustable Rate Mortgage
%
2.600%

How Affordable is Housing in St. Louis city, Missouri?

Below we provide helpful information on the real estate market, home prices and housing affordability in St. Louis city. Understand how much you need to earn to afford a home in St. Louis city, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in St. Louis city 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 St. Louis city is right for you.

The median home value for St. Louis city, MO is $169,769

Based on current mortgage rates and a 10% down payment, you need to make $27,816 per year to buy the median priced home in St. Louis city

With this income, you could qualify for a $152,792 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 St. Louis city is $644

The median household income for St. Louis city, MO is $47,446

Based on this income, you can afford a home valued at approximately $289,577

The home price you can afford to buy based on household income in St. Louis city is 171% of the median home value which means housing prices are average. St. Louis city ranks 107 out of 115 counties in Missouri and 2,294 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in St. Louis city, MO is average

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Loan Limits for St. Louis city, Missouri

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

Conforming loan limits for St. Louis city, MO

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

FHA loan limits for St. Louis city, MO

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for St. Louis city, MO

1 unit: $647,200

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