Best Mortgage Rates In St. Louis: Pay as little as 3% for a 5-year ARM

Here are my choices for the best deals on home loans in the St. Louis area with the most favorable combination of low mortgage rates and reasonable fees.

These interest rate offers mean you’ll pay no points and loan origination fees of less than $2,000 -- exactly what anyone trying to buy or refinance a home should be looking for to control their up-front costs and keep monthly payments low.

Compare my picks with the best rates from other banks and finance companies in our database.

Our research provides real-time, accurate data on loans in the St. Louis area, across Missouri and throughout the country.

You can also determine what the monthly payments would be for the home loan you’re considering with our fixed-rate home loan calculator or adjustable-rate calculator.

See if you can beat these deals.

St. Louis Mortgage Rates

Lender 30 year fixed 15 year fixed 5 year ARM
Heartland Bank 4.375% 3.625% 3.000%
Kansas State Bank 4.375% 3.375% 3.125%
Midwest Mortgage Capital 4.500% 3.625% 3.875%
Quicken Loans 4.500% 3.750% 3.625%
Stonegate Mortgage 4.625% 3.625% 3.375%

Remember that rates change daily.

These quotes are from the end of the business day on Aug. 24, 2011, to borrow $210,000 for the purchase of a home with a 20% down payment.

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