Mercer County FHA Loan Calculator

For Mercer County homebuyers, the 9.75% average down payment on an FHA loan provides accessible entry, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life regardless of this equity level, making it ideal for those with sub-620 credit. With a 90.25% loan-to-value ratio and 100% primary occupancy, this data reflects owner-occupants rather than investors. The 0.69% effective property tax rate combined with a recent 7.8% inflation-adjusted tax shift directly impacts monthly affordability. While the average property value is $146,111.11 at a 6.552% rate, these tax increases must be factored into any FHA loan with PMI and taxes in Mercer County, MO analysis.