mortgage.usbank.com Open in urlscan Pro
54.242.205.3  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to main content
eric.scofield@usbank.com 314.702.9882
About me
About me

Mortgage rates

Refinance rates

Calculator

FAQs
 * About me
 * Mortgage rates
 * Refinance rates
 * Calculator
 * FAQs


MORTGAGE LOAN OFFICER


ERIC SCOFIELD

Mortgage Loan Officer

NMLS# 738494

314.702.9882


CONNECT WITH ERIC

 * eric.scofield@usbank.com
 * 314.702.9882
 * 314.518.7120

 * Connect when it's convenient for you. Request a call.

Ready to apply? Start your application.

Apply


ABOUT ME

Everyone has a dream home in mind. Whether it's an historic center hall colonial
or a contemporary bi-level, I will try to help make your home ownership dreams a
reality. U.S. Bank has been in the mortgage business for decades, so I have the
resources to answer questions like: How much should I put down? What is the best
term for my budget?

You deserve the best, and going through the home financing process is no
exception. As a mortgage professional, I know how stressful this process can be,
which is why I will do everything I can to assist you. Contact me at
314.702.9882 to learn more about how I can help guide you through the home
buying process.



CONNECT WITH ERIC

 * eric.scofield@usbank.com

 * 314.702.9882

 * 314.518.7120

 * Connect when it's convenient for you. Request a call.

Ready to apply? Start your application.

Apply


EXPLORE MORE

MORTGAGE RATES

Compare rates for a variety of mortgage types.

See mortgage rates

REFINANCE RATES

Compare rates for a variety of home refinancing options.

See refinance rates

MORTGAGE CALCULATOR

Estimate your total monthly mortgage payment.

Run the numbers

MORTGAGE FAQS

Get answers to common home-buying questions.

Commonly asked questions


RESOURCES FOR BUILDERS AND REALTORS

You need a lender that cares about your clients as much as you do.

Builder resource center Real estate agent resource center


TODAY’S MORTGAGE RATES IN MISSOURI.

The rates below assume a few basic things:

 * You have very good credit (a FICO credit score of 740+)
 * Your loan is for the purchase of a single-family home as your primary
   residence

Rates are current as of 05/23/2022

--------------------------------------------------------------------------------

See rates for other states. Choose a state


COMPARE CURRENT MORTGAGE RATES.


CONVENTIONAL FIXED-RATE MORTGAGES

Term Rate APR 30-year fixed 5.5% 5.579% 20-year fixed 4.875% 4.978% 15-year
fixed 4.375% 4.504% 10-year fixed 4.25% 4.436%


ADJUSTABLE RATE MORTGAGES

Term Rate APR 10-year ARM 4.875% 4.905% 5-year ARM 4.625% 4.779%


FHA MORTGAGES

Term Rate APR 30-year fixed - FHA 5.25% 6.337% 15-year fixed - FHA 5.125% 6.83%


VA MORTGAGES

Term Rate APR 30-year fixed - VA 5.25% 5.534% 15-year fixed - VA 5.125% 6.177%


JUMBO MORTGAGES

Term Rate APR 30-year fixed - jumbo 5.0% 5.076% 20-year fixed - jumbo 5.125%
5.229% 15-year fixed - jumbo 4.75% 4.881%


ERIC SCOFIELD

Mortgage Loan Officer

NMLS# 738494

314.702.9882

 * eric.scofield@usbank.com

 * 314.702.9882

 * 314.518.7120

 * Connect when it's convenient for you. Request a call.

Ready to apply? Start your application.

Apply


FIND RATES FOR A DIFFERENT STATE

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware
District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas
Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi
Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York
North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South
Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West
Virginia Wisconsin Wyoming
Show rates


TODAY’S REFINANCE RATES IN MISSOURI.

The rates below assume a few basic things:

 * You have very good credit (a FICO credit score of 740+)
 * Your loan is for a single-family home as your primary residence

Rates are current as of 05/23/2022

--------------------------------------------------------------------------------

See rates for other states. Choose a state


COMPARE CURRENT REFINANCE RATES.


CONVENTIONAL FIXED-RATE REFINANCE LOANS

Term Rate APR 30-year fixed 5.625% 5.704% 20-year fixed 5.0% 5.104% 15-year
fixed 5.0% 5.135% 10-year fixed 5.0% 5.196%


ADJUSTABLE RATE REFINANCE LOANS

Term Rate APR 10-year ARM 5.25% 5.147% 5-year ARM 4.875% 4.872%


FHA REFINANCE LOANS

Term Rate APR 30-year fixed - FHA 5.75% 6.613% 15-year fixed - FHA 5.125% 6.548%


VA REFINANCE LOANS

Term Rate APR 30-year fixed - VA 5.75% 6.102% 15-year fixed - VA 5.125% 6.177%


JUMBO REFINANCE LOANS

Term Rate APR 30-year fixed - jumbo 5.25% 5.327% 20-year fixed - jumbo 5.25%
5.355% 15-year fixed - jumbo 5.0% 5.132%


ERIC SCOFIELD

Mortgage Loan Officer

NMLS# 738494

314.702.9882

 * eric.scofield@usbank.com

 * 314.702.9882

 * 314.518.7120

 * Connect when it's convenient for you. Request a call.

Ready to apply? Start your application.

Apply


FIND RATES FOR A DIFFERENT STATE

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware
District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas
Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi
Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York
North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South
Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West
Virginia Wisconsin Wyoming
Show rates


MORTGAGE CALCULATOR

Use our mortgage calculator to help you better understand your home financing
options.


ERIC SCOFIELD

Mortgage Loan Officer

NMLS# 738494

314.702.9882

 * eric.scofield@usbank.com

 * 314.702.9882

 * 314.518.7120

 * Connect when it's convenient for you. Request a call.

Ready to apply? Start your application.

Apply


MORTGAGE FAQS

Get answers to your questions regarding home financing, refinancing and more.


FHA LOANS

--------------------------------------------------------------------------------

WHAT IS A FHA LOAN?

A Federal Housing Administration (FHA) loan is a government-backed loan that’s
insured by the Federal Housing Administration. FHA loans typically have lower
credit and down payment requirements for qualified home buyers. For example, the
minimum required down payment for an FHA loan is only 3.5% of the purchase
price.

--------------------------------------------------------------------------------

HOW DO I APPLY FOR A FHA LOAN?

If you’ve decided a Federal Housing Administration (FHA) loan may be right for
you and you meet the general qualifications, including:

 * Down payment amount – FHA loans require a minimum down payment of 3.5%.
 * Credit score – The minimum credit score needed to qualify for a mortgage is
   generally around 620, however, FHA loans typically have lower credit
   requirements.
 * Property requirements – The home must be used as your primary residence,
   should protect the health and safety of the residents and the safety of the
   property, and should not have physical deficiencies or conditions affecting
   its structural integrity. An FHA-approved appraiser must appraise the home.

You can start your application on your own, or with the help of your mortgage
loan officer, who can work with you to see if you qualify for a FHA loan.

--------------------------------------------------------------------------------

HOW DO FHA LOANS WORK?

Federal Housing Administration (FHA) loans are available to all qualified
buyers, regardless of income level. They often have more flexible lending
requirements than conventional loans. All FHA loans require mortgage insurance
which protects the lender against any loss if mortgage payments are missed. To
learn more about how FHA loans work, speak with your mortgage loan officer.


VA LOANS

--------------------------------------------------------------------------------

WHAT IS A VA HOME LOAN?

A Veterans Affairs (VA) loan is a home mortgage that’s backed by the Department
of Veterans Affairs. To be eligible for a VA loan, you must be an active-duty
service member, veteran or eligible surviving spouse. A VA home loan requires
little or no money down at closing, and even with no down payment, mortgage
insurance is not required.

--------------------------------------------------------------------------------

HOW DOES A VA LOAN WORK?

Veterans Affairs (VA) loans are available to active-duty service members,
veterans and eligible surviving spouses. A Certificate of Eligibility from the
VA is required to show whether you qualify based on your service history and
duty status. Your mortgage loan officer will work with you to obtain the
Certificate of Eligibility and can help you better understand how VA loans work.

--------------------------------------------------------------------------------

WHO QUALIFIES FOR A VA LOAN?

Veterans Affairs (VA) loans are available to active-duty service members and
veterans who have served at least 90 days of consecutive service during wartime
or 181 days during peacetime. National Guard members and reservists are eligible
for a VA loan after six years of service or 181 days of active-duty service.
Eligible surviving spouses may also qualify. For more information on how to
apply for a VA home loan, contact your mortgage loan officer.

--------------------------------------------------------------------------------

CAN I GET A SECOND VA HOME LOAN?

There are several ways active-duty service members, veterans and eligible
surviving spouses can take advantage of a Veterans Affairs (VA) loan more than
once. Here are some ways you may be eligible for another VA loan:

 * Purchase a home with a VA loan and then sell it to buy another home with a
   new VA loan.
 * Refinance an existing VA loan into another.
 * Have two VA loans for two different homes at the same time.

For more information on VA loans, speak with your mortgage loan officer.


CONVENTIONAL FIXED-RATE LOANS

--------------------------------------------------------------------------------

WHAT IS A FIXED-RATE LOAN?

A fixed-rate loan is one of the most common types of home loans. Benefits
include a consistent rate, predictable monthly principal and interest payments
and a flexible down payment. If you have good credit and a low debt-to-income
ratio (the ratio of total monthly debt payments – not including utilities, cell
phone or cable service – compared to gross monthly income), a conventional
fixed-rate loan may be a good option for you.

--------------------------------------------------------------------------------

WHAT IS A FIXED HOME LOAN RATE?

A fixed-rate loan is a type of loan that comes with an interest rate that won't
change for the life of the loan. Check out today’s rates for a conventional
fixed-rate loan or compare mortgage rates for a variety of loan options. Connect
with your mortgage loan officer to learn more about how fixed-rate loans work.

--------------------------------------------------------------------------------

WHICH IS BETTER: FIXED-RATE LOAN OR VARIABLE?

Monthly principal and interest payments on a conventional fixed-rate mortgage
remain the same for the life of the loan, making it an attractive option for
those who plan to stay in their home for several years. With an adjustable-rate
mortgage (ARM) the interest rate may change periodically, based on a
pre-determined index, for example the U.S. Treasury, and margin set by the bank.
The initial interest rate is fixed for a set period, typically three to 10 years
depending on the loan product, and then becomes variable. An increase or
decrease depends on the market conditions at the time of the conversion to the
variable rate and during the adjustment period thereafter. This may be a good
option for those who plan on moving within a few years. Consider the benefits of
each to determine which makes the most sense for your situation.


JUMBO LOANS

--------------------------------------------------------------------------------

WHAT IS A JUMBO LOAN?

A jumbo loan is a non-conforming loan for single-family homes with loan amounts
greater than $647,200. In certain high cost areas, such as Alaska and Hawaii,
the conforming limit is up to $970,800. To qualify for a jumbo mortgage loan,
you must meet the established guidelines for credit score, income and other
personal financial information.

--------------------------------------------------------------------------------

HOW MUCH IS A JUMBO LOAN?

Jumbo loans are mortgages that exceed conforming loan limits. The limit on
conforming loans is $647,200 in most areas of the country, but jumbo mortgages
can exceed these limits. The limit can be as high as $970,800 in certain high
cost areas, including Alaska and Hawaii.

--------------------------------------------------------------------------------

WHAT IS A VA JUMBO LOAN?

A VA jumbo loan is a Veterans Affairs (VA) loan that exceeds the conforming loan
limit of $647,200 and up to $970,800 in high-cost areas such as Alaska and
Hawaii. If you’re an active-duty service member, veteran or eligible surviving
spouse, and you meet the income and credit requirements, a VA jumbo loan could
be an option for you.


ARM LOANS

--------------------------------------------------------------------------------

WHAT IS AN ARM LOAN?

An adjustable-rate mortgage (ARM) is a home loan with an interest rate that
adjusts throughout the life of the loan based on the market. The initial set
rate period is typically three to 10 years. After the introductory rate term
expires, the estimated payment and rate may change. An increase or decrease
depends on the market conditions at the time of the conversion to the variable
rate and during the adjustment period thereafter. An ARM loan could be a good
option if you plan to sell within a few years.

--------------------------------------------------------------------------------

HOW DOES AN ARM LOAN WORK?

With an adjustable-rate mortgage (ARM) loan the initial interest rate is fixed
for a set period and then becomes variable, adjusting every year for the
remaining life of the loan. For example, a 10/1 ARM has a fixed rate for the
first 10 years and an adjustable rate for the remaining duration of the loan. To
learn more about how ARM loans work, connect with your mortgage loan officer.

--------------------------------------------------------------------------------

CAN YOU REFINANCE AN ARM LOAN?

Yes, as with most any existing mortgage loans, an existing ARM loan can be
refinanced upon credit approval. There are several potential benefits to
refinancing a mortgage , such as changing terms, lowering monthly payments,
getting access to cash for major purchases and reducing your interest rate. Your
mortgage loan officer can help you find the right choice for your needs.


ERIC SCOFIELD

Mortgage Loan Officer

NMLS# 738494

314.702.9882

 * eric.scofield@usbank.com

 * 314.702.9882

 * 314.518.7120

 * Connect when it's convenient for you. Request a call.

Ready to apply? Start your application.

Apply
 * Financial IQ
 * Security
 * Careers
 * FAQ
 * Privacy
 * Online Tracking and Advertising
 * Site Map
 * Accessibility

 * 
 * 
 * 

--------------------------------------------------------------------------------

Loan approval is subject to credit approval and program guidelines. Not all loan
programs are available in all states for all loan amounts. Interest rate and
program terms are subject to change without notice. Mortgage, Home Equity and
Credit products are offered through U.S. Bank National Association. Deposit
products are offered through U.S. Bank National Association. Member FDIC. Equal
Housing Lender

Calculators are provided by Leadfusion. This calculator is being provided for
educational purposes only. The results are estimates that are based on
information you provided and may not reflect U.S. Bank product terms. The
information cannot be used by U.S. Bank to determine a customer's eligibility
for a specific product or service. All financial calculators are provided by the
third-party Leadfusion and are not associated, controlled by or under the
control of U.S. Bank, its affiliates or subsidiaries. U.S. Bank is not
responsible for the content, results, or the accuracy of information.

Conforming fixed-rate estimated monthly payment and APR example: A $225,000 loan
amount with a 30-year term at an interest rate of 3.875% with a down-payment of
20% would result in an estimated principal and interest monthly payment of
$1,058.04 over the full term of the loan with an Annual Percentage Rate (APR) of
3.946%.

Estimated monthly payment and APR calculation are based on a down-payment of 20%
and borrower-paid finance charges of 0.862% of the base loan amount. If the down
payment is less than 20%, mortgage insurance may be required, which could
increase the monthly payment and the APR. Estimated monthly payment does not
include amounts for taxes and insurance premiums and the actual payment
obligation will be greater.

Adjustable-rate mortgage (ARM) estimated monthly payment and APR example as of
2/17/2021: A $225,000 loan amount with a 30-year term at an initial interest
rate of 3.625% for the first five years with a down-payment of 20% would result
in an initial estimated principal and interest monthly payment of $1,026.12 for
the first five years with an Annual Percentage Rate (APR) of 3.204%.

Estimated monthly payment and APR calculation are based on an initial fixed-rate
period of 5 years that could change in interest rate each subsequent year for
the next 25 years of the loan term, a down-payment of 20% and borrower-paid
finance charges of 0.862% of the base loan amount. After the 5-year introductory
period: the APR is variable and is based upon the current U.S. Treasury bill
index plus a margin set by the bank. The APR will vary with a predetermined U.S.
Treasury index as published in the Wall Street Journal. Your interest rate will
equal the index rate plus the bank’s margin, rounded to the nearest 1/8 percent,
unless your interest rate "caps" limit the amount of change in the interest
rate. If the down payment is less than 20%, mortgage insurance may be required,
which could increase the monthly payment and the APR. Estimated monthly payment
does not include amounts for taxes and insurance premiums and the actual payment
obligation will be greater. Adjustable-rate loans and rates are subject to
change during the loan term. That change can increase or decrease your monthly
payment.

The rates shown above are the current rates for a single-family primary
residence based on a 60-day lock period. These rates are not guaranteed and are
subject to change. This is not a credit decision or a commitment to lend. Your
guaranteed rate will depend on various factors including loan product, loan
size, credit profile, property value, geographic location, occupancy and other
factors.

To guarantee a rate, you must submit an application to U.S. Bank and receive
confirmation from a mortgage loan officer that your rate is locked. Application
can be made by starting your application online or by meeting with a mortgage
loan officer.

Minnesota properties: To guarantee a rate, you must receive written confirmation
as required by Minnesota Statute 47.206. This statement of current loan terms
and conditions is not an offer to enter into an interest rate or discount point
agreement. Any such offer may be made only pursuant to subdivisions 3 and 4 of
Minnesota Statutes Section 47.206.

Conforming Fixed-Rate Loans - Conforming rates are for loan amounts not
exceeding $647,200 ($970,800 in AK and HI). Annual Percentage Rate (APR)
calculation is based on estimates included in the table above with borrower-paid
finance charges of 0.862% of the base loan amount, plus origination fees if
applicable. If the down payment is less than 20%, mortgage insurance may be
required, which could increase the monthly payment and the APR.

Conforming ARM Loans - Conforming rates are for loan amounts not exceeding
$647,200 ($970,800 in Alaska and Hawaii). Adjustable-rate (ARM) loans and rates
are subject to change during the loan term. That change can increase or decrease
your monthly payment. Annual Percentage Rate (APR) calculation is based on
estimates included in the table above with borrower-paid finance charges of
0.862% of the base loan amount, plus origination fees if applicable. If the down
payment is less than 20%, mortgage insurance may be required, which could
increase the monthly payment and the APR.

Jumbo Loans - Annual Percentage Rate (APR) calculation assumes a $600,000 loan
with a 20% down payment and borrower-paid finance charges of 0.862% of the loan
amount, plus origination fees if applicable. If the down payment is less than
20%, mortgage insurance may be required, which could increase the monthly
payment and the APR. Jumbo rates are for loan amounts exceeding
$647,200 ($970,800 in Alaska and Hawaii).

FHA Loans - Annual Percentage Rate (APR) calculation assumes a $255,290 loan
($250,900 base amount plus $4,390 upfront mortgage insurance premium) with a
3.5% down payment, monthly mortgage insurance premium of $176.30, and
borrower-paid finance charges of 0.862% of the base loan amount, plus
origination fees if applicable.

VA Loans - Annual Percentage Rate (APR) calculation assumes a $179,026 loan
($175,001 base amount plus $4,025 VA Funding Fee for first time use) with no
down payment and borrower-paid finance charges of 0.862% of the base loan
amount, plus origination fees if applicable.

© 2022 U.S. Bank

Close ×

LEAVING?

By selecting "Continue," you will leave U.S. Bank and enter a third party Web
site. U.S. Bank is not responsible for the content of, or products and services
provided by , nor does it guarantee the system availability or accuracy of
information contained in the site. This Web site is not controlled by U.S. Bank.
Please note that the third party site may have privacy and information security
policies that differ from those of U.S. Bank.

Continue