Home Ownership Is Now More Affordable
1.5% Rate Reduction Available Now
FOR A LIMITED-TIME ONLY. Midwest BankCentre is proud to offer a mortgage rate relief product. This offering can help St. Louis residents with a household income under $82,560 achieve homeownership with a rate 1.5% below the current market rate!
Qualifications for the Mortgage Relief Product
Income
Your household income must be under $82,560 annually*.
Property Type
This program applies to owner-occupied single-family homes, duplexes, triplexes, or fourplexes.
Loan Type
You can qualify for a new 30-year fixed conforming conventional loan+.
*may vary by county
+excludes refinance loans
Mortgage Relief Rates and Terms
Rates are effective as of 02/27/2025
TYPE
DISCOUNT RATE
DISCOUNT APR
5.375%
5.814%
*Purchase: APR – Annual Percentage Rate based on a $250,000 loan amount with a $850 origination fee and 0.125 points for the purchase of a single family, primary residence, with a credit score of 740, loan to value of 95% (5% down payment), and 60-day lock period. Interest and principal payment for a 30-year mortgage loan is $1,399.93 and the number of payments is 360. Rates and APR (Annual Percentage Rate) are subject to change at any time. Rates and/or points may vary depending on your specific needs and circumstance(s) such as credit history and other factors. The monthly payment amount disclosed is a level principal and interest payment for the term of your loan and does not include taxes, insurance, homeowner association dues, or mortgage insurance. If these are required or included in your payment, the amount of your payment will increase. Estimated points and origination fees are not a substitute for a loan estimate. This program allows for a credit score as low as 620. Your actual rate, payment, and costs could be higher. Get an official loan estimate before choosing a mortgage loan. All borrowers are subject to qualification and final underwriting approval.
** May vary by county
Ready to Get Started?
MORTGAGE TEAM
Meet our loan program experts
Our mortgage team has consistently ranked among the top lenders in the Midwest. With decades of lending experience and extensive knowledge of the local area, they make one of the biggest buying decisions of your life one of the easiest, too.
“Very simple application that asked for all necessary information to process an accurate approval. Joe was very informative via email, text, and phone calls. He answered all of my questions and ensured that everything went very smoothly for me. Would recommend to anyone.” – Deborah W.
Mortgage services
Other Ways We Can Help
As a Top Ten Mortgage Banker, we offer more than highly competitive interest rates. With a variety of home loan options, local area knowledge, and expert guidance, our experienced lenders are always here to help.
