The Best Mortgage Lenders in Beaufort, MO
Compare verified mortgage lenders serving Beaufort, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Beaufort
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly regarded for its exceptional customer service and competitive mortgage rates, serving Beaufort and the broader Missouri region. With nearly three decades of experience, they offer a wide range of loan products, including government-backed and jumbo loans, and are known for their personalized approach and efficient processing. Their strong local presence through branches in Chesterfield ensures reliable support for homebuyers in rural areas like Beaufort, backed by numerous positive reviews highlighting transparency and reliability.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated mortgage lender known for its digital-first approach and competitive rates, effectively serving Beaufort and surrounding Missouri communities. Founded in 2000, they combine technology with expert advice to streamline the mortgage process, offering various loan types including adjustable-rate and government loans. Their St. Louis office provides localized support, with high customer satisfaction ratings for responsiveness and rate competitiveness, making them a trusted choice for homebuyers in the area.
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New American Funding
New American Funding, LLC
New American Funding stands out for its commitment to diversity and customer-centric services, with a strong presence in Missouri that includes Beaufort. Established in 2003, they offer a comprehensive suite of loan options and are praised for their competitive rates and dedicated support for first-time homebuyers. Their local St. Louis team ensures personalized assistance, backed by high review scores for transparency and community involvement, making them a reliable option for mortgages in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Beaufort, MO
What are the current average mortgage rates for homebuyers in Beaufort, MO?
Mortgage rates in Beaufort typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates in Franklin County generally range between 6.5-7.25%, while 15-year fixed rates are around 5.75-6.5%. It's best to check with local credit unions like Vantage Credit Union or regional banks for the most current Beaufort-specific rates.
Are there any first-time homebuyer programs specifically available in Beaufort, MO?
Yes, Beaufort homebuyers can access Missouri's First Place Home Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the Missouri Housing Development Commission (MHDC) provides mortgage programs with below-market rates and down payment assistance that are available throughout Franklin County, including Beaufort.
How does Beaufort's rural location affect mortgage lending options?
Beaufort's rural designation makes some USDA loans available, which offer 100% financing with no down payment requirement. However, the limited number of local lenders means you may need to work with regional banks or mortgage brokers who serve Franklin County. Some national lenders might have different appraisal requirements for rural properties in Beaufort.
What should I know about property taxes when getting a mortgage in Beaufort?
Franklin County property taxes in Beaufort are relatively affordable compared to urban areas, typically ranging from 0.80% to 1.10% of assessed value. Your mortgage lender will include these taxes in your monthly escrow payment. It's important to note that property assessments in Beaufort may differ from nearby suburban areas due to the rural character of the community.
Are there any local down payment assistance programs for Beaufort homebuyers?
While Beaufort itself doesn't offer city-specific programs, Franklin County residents can access the Missouri Down Payment Assistance program through MHDC, which provides up to 4% of the loan amount. Local lenders like First State Community Bank and Regional Missouri Bank often have relationships with these programs and can guide you through the application process specific to Beaufort properties.
Why Choose a Mortgage Lender in Beaufort?
Local Market Knowledge
Lenders who understand Beaufort's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Missouri.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Beaufort and get competitive rates on your home loan.