Get the Lowest Missouri Mortgage Rates
If you’re looking to purchase a home in the state of Missouri, look to Homesite Mortgage to access some of the best Missouri mortgage rates. Because the team at Homesite Mortgage wants to offer personal and customized loans fit for each applicant we work with (along with high customer service), we choose to only offer mortgages in select states. If you need a home loan in the Show-Me State, choose Homesite Mortgage to take advantage of competitively-low Missouri mortgage rates.
Get Your Purchase or Refinance Rate
Mortgage Rates Through Homesite Mortgage
At Homesite Mortgage, you’ll find that you have access to all of the home loan and refinance options you could find at a nationwide lender, but with the personalized customer service that comes with a local lender. With a loan from Homesite Mortgage, you’ll go through a simplified mortgage application process with a lender who truly cares about you finding the loan that’s best suited for you to move into your dream home.
What Type of Mortgages are Available?
Conventional loans, also known as Fannie Mae or Freddie Mac loans are our most popular home loans, simply because they align with traditional home loan standards. If you are able to offer a 20% down payment for the home you want to purchase, a conventional loan will likely give you the lowest interest rate. Because a 20% down payment is required for conventional loans, you won’t have to deal with mortgage insurance, or a home inspection filled with red tape. Strongly consider applying for a conventional loan if you are able to offer a 20% down payment.
FHA loans are government-backed loans and a great option for home seekers who have down payment limitations. FHA loans are available to borrowers with as little as a 3.5% down payment. Many FHA loan borrowers are just finishing school, newly married, or simply have restrictive incomes. FHA loans are available through several types of mortgages, they’re FHA-guaranteed, and you may be exempt from closing costs.
USDA loans are home loans available to applicants with lower credit scores and are interested in living in a rural area. The USDA has qualified certain rural areas of the country as eligible for a USDA home loan in order to spur growth to those regions of the country. PMI is required for USDA loans, but through a USDA loan, you can access some of the lowest mortgage insurance rates. Although PMI is required, no down payment is necessary for USDA loans.
Active-duty military members and veterans are eligible for a VA home loan. VA loans are government-guaranteed, and therefore don’t have a down payment requirement, and accept credit scores as low as 580. At Homesite Mortgage, you’ll have the opportunity to work with veteran loan officers who have been in your shoes before, and want to make the VA home loan process as streamlined as possible. VA home loans are available for purchase loans, new construction loans, cash-out refinancing, and debt consolidation.
If you are looking to purchase a home above the typical cost of a home in your area, a jumbo loan may be the solution you need. While conventional loans have loan limits between $417,000–$625,000, a jumbo loan offers flexibility for significantly higher loan amounts. If you’re interested in a jumbo loan, be sure your credit score is in a solid position—the average credit score for jumbo loan applicants is 680—and you have a large down payment available. Most lenders will seek out a down payment anywhere between 20–30%.
Why Homesite Mortgage?
By partnering with Homesite Mortgage for your Missouri home loan, you can have confidence that your loan will be in trustworthy hands. With over ten years of experience of handling loans of all sizes and with applicants of all credit scores, your home loan process will be streamlined and simplified. At Homesite Mortgage, your loan will have one of the most competitive rates in the industry, while you benefit from working with a consumer-direct lender.
Have questions about getting the best Missouri mortgage rate?