The Best Mortgage Lenders in Bourbon, MO
Compare verified mortgage lenders serving Bourbon, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bourbon
Featured Mortgage Lenders
Anheuser-Busch Employees' Credit Union (ABECU)
Anheuser-Busch Employees' Credit Union
ABECU is one of Missouri's most highly-rated credit unions with extensive mortgage lending experience throughout the state. While headquartered in St. Peters, they serve members across Missouri including the Bourbon area with competitive rates and personalized service. Their 75-year history and exceptional 4.8/5 rating across multiple review platforms demonstrate consistent customer satisfaction. They offer a comprehensive range of mortgage products with particular strength in first-time homebuyer programs and local underwriting expertise that understands rural Missouri markets like Bourbon.
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USA Mortgage
USA Mortgage - Daryl Jones Team
USA Mortgage is a St. Louis-based lender with strong presence throughout eastern Missouri, including specific service to the Bourbon area through their Wentzville office. With over 1,500 5-star reviews collectively and a 4.9/5 rating, they're consistently ranked among Missouri's top mortgage lenders. The Daryl Jones team specifically serves the broader St. Louis metro and surrounding rural communities, offering specialized expertise in Missouri's unique housing markets. Their 22-year track record includes particular strength in USDA rural development loans ideal for Bourbon homebuyers.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - St. Louis Team
Fairway Independent Mortgage has built a strong reputation in Missouri with multiple offices serving the greater St. Louis region and surrounding rural areas including Bourbon. Their 4.8/5 rating reflects exceptional customer service and competitive loan products. With 27 years in business and nationwide presence combined with local underwriting, they offer the best of both worlds for Bourbon residents - national resources with local market understanding. They particularly excel in construction loans and rural property financing, making them an excellent choice for the Bourbon market.
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Frequently Asked Questions
Common questions about mortgage lending in Bourbon, MO
What are current mortgage rates like for homes in Bourbon, MO?
Mortgage rates in Bourbon typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates hover around 6.5-7% for qualified buyers, though rural properties might see slight variations. It's best to check with local credit unions like Peoples Savings Bank for the most competitive Bourbon-specific rates.
Are there any first-time homebuyer programs specific to Bourbon?
Yes, Bourbon homebuyers can access Missouri's First Place Home Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development Loan is particularly relevant since Bourbon qualifies as a rural area, offering 100% financing with no down payment required for eligible buyers.
How does Bourbon's rural location affect mortgage lending requirements?
Bourbon's rural classification opens up USDA loan opportunities that aren't available in urban areas. However, lenders may require additional property inspections for older homes and rural land, and appraisals might take longer due to fewer comparable sales. Local lenders familiar with Crawford County properties can navigate these requirements most effectively.
What should I know about property taxes when getting a mortgage in Bourbon?
Bourbon's property taxes in Crawford County are relatively affordable compared to urban Missouri areas, currently averaging around 0.90% of assessed value. Your mortgage lender will typically escrow these taxes, but it's important to factor in that assessed values may increase significantly after purchase due to Missouri's reassessment rules.
Are there local down payment assistance programs for Bourbon homebuyers?
While Bourbon itself doesn't offer city-specific programs, Crawford County participates in the Missouri Housing Development Commission's programs. These include down payment assistance of 4% of the loan amount for first-time buyers, and teachers, police officers, and firefighters may qualify for additional "Heroes" program benefits regardless of first-time status.
Why Choose a Mortgage Lender in Bourbon?
Local Market Knowledge
Lenders who understand Bourbon'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 Bourbon and get competitive rates on your home loan.