The next step is hunting down the best mortgage for that Columbia home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Columbia lenders that will compete to provide a loan at the lowest rate, matching you with nearly 12 Columbia mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Columbia mortgage payment was $1,064 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Columbia home.

Columbia is a major city in Missouri with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Countrywide Home Loans Inc, Primary Residential Mortgage Inc, Mortgage Research Center llc, Midcontinent Financial Center Inc, Union Planters Bank Na, Springfield Mortgage Company.Community Mortgage Group Inc.Pioneer Mortgage Incorporated.Northwood Credit Inc.America's Cash Advance Inc.

Columbia Mortgage & Real Estate Market

In 2006 Columbia housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Columbia was $139,900. This number is big in comparison to the median home value back in 2000 of $118,500. Columbia has a solid home ownership base with 41,173 houses and apartments and 47% of those are occupied by their owners. Despite the current market, historically Columbia has been a city where people move, buy and stay - with 58% of homeowners currently paying off a mortgage. About 16% of the city's current homeowners are carrying a second mortgage or home equity loan.

Perfect Mortgage
4320 Winfield Rd. Warrenville, IL	Phone: 630-234-2444 Ask for: DeFrancesco Anthony
Special Mortgage Programs
PAY YOUR HOUSE OFF IN 5 TO 10 YRS.! If you have challenged credit, I do not care what your credit score is! I have an exclusive program designed to get you back on your feet! Call Anthony DeFrancesco at 630-234-2444 or

Housing	Columbia, MO	United States
Median Home Cost	$160,600	$217,200
Homes Rented	48.58%	21.45%
Homes Owned	45.29%	64.07%
Home Appreciation	6.00%	9.80%

Location	Population	Median Family Income (2005)
Ballwin	31,283	$66,458
Blue Springs	48,080	$55,402
Cape Girardeau	35,349	$32,452
Chesterfield	46,802	$83,802
Columbia	84,531	$33,729
Florissant	50,497	$44,462

Category	Value
Homes With No Mortgage	26%
2nd Mortgage or Home Equity	16%
Second Mortgage Only	9%
First Mortgage Only	58%
Home Equity Loan Only	8%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

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