Missouri Refinance Rates & Programs 2026

Missouri offers affordable housing and low refinancing costs. From Kansas City to St. Louis and Springfield, here's what you need to know about refinancing in the Show-Me State.

Current Missouri Refinance Rates

As of March 2026:

| Loan Type | Average Rate | |-----------|--------------| | 30-Year Fixed | 6.22% | | 15-Year Fixed | 5.54% | | FHA 30-Year | 6.17% | | VA 30-Year | 5.50% |

Use our refinance calculator.

Missouri-Specific Refinance Programs

Missouri Housing Development Commission (MHDC)

MHDC programs:

• First Place Loan Program
• Assist down payment assistance
• If you used assistance, check subordination before refinancing

Mortgage Credit Certificate: MCCs provide up to $2,000 annual tax credits.

USDA Refinancing

Much of Missouri qualifies for USDA loans outside Kansas City, St. Louis, Springfield, and Columbia.

VA Loans

Missouri has Whiteman Air Force Base and Fort Leonard Wood. VA IRRRL available.

Cost of Refinancing in Missouri

Low costs:

| Cost Item | Typical Amount | |-----------|---------------| | Lender origination fee | $0 - $2,000 | | Appraisal | $400 - $550 | | Title insurance | $600 - $1,000 | | Recording fees | $30 - $60 | | Total typical closing costs | $3,000 - $5,500 |

Missouri has no state mortgage tax on refinances.

Use our break-even calculator.

When to Refinance in Missouri

Refinance if rates dropped 0.75%+, you want to eliminate PMI, or consolidate debt. See our cash-out guide.

Types of Refinance Available

Conventional, FHA Streamline, VA IRRRL, USDA Streamlined, Cash-Out all available.

Missouri Refinance FAQ

1. How long does refinancing take? 30-40 days.

2. Will property taxes change? No.

3. Can I refinance rural property? Yes. USDA common in Missouri.

4. What credit score needed? 580 FHA, 620 conventional, 740+ best rates.

5. Can I keep my MHDC MCC? Yes, with participating lender.

Bottom Line

Missouri's low costs make refinancing attractive when rates drop 0.75%+.

Get quote: See rates here.

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About the Author: Bill McCoy, licensed mortgage broker, 15 years experience.