The Best Mortgage Lenders in Brashear, MO
Compare verified mortgage lenders serving Brashear, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Brashear
Featured Mortgage Lenders
Truman State Bank Mortgage Team
Truman State Bank
Truman State Bank is a highly-rated community bank serving Northeast Missouri, including Brashear, with exceptional local expertise. They maintain a 4.8-star rating across multiple review platforms with particular praise for their personalized service and competitive rates. As a locally-owned institution with over 25 years in business, they understand the unique needs of rural Missouri homebuyers and offer specialized USDA loans perfect for the Brashear area. Their mortgage team is known for guiding clients through the entire process with transparency and local decision-making.
Loan Types:
Central Bank of Boone County Mortgage Division
Central Bank of Boone County
Central Bank of Boone County is a highly-regarded regional lender serving multiple counties across Missouri, including Adair County where Brashear is located. With over a century of operation and consistent 4.7-star ratings, they're praised for their competitive rates and extensive mortgage expertise. Their USDA loan specialists are particularly valuable for Brashear residents seeking rural housing loans. The bank has won multiple "Best of Mid-Missouri" awards for mortgage services and maintains strong relationships with real estate professionals throughout the region.
Loan Types:
Gateway Mortgage Group
Gateway Mortgage Group
Gateway Mortgage Group maintains a strong presence throughout Missouri with specialized expertise in rural and small-town lending, making them an excellent choice for Brashear homebuyers. They consistently earn 4.6+ star ratings for their efficient processing and competitive loan options. Their USDA loan program is particularly strong, offering favorable terms for rural properties. With multiple loan officers specifically trained in Missouri's rural housing programs and a reputation for closing loans quickly, they're a top choice for borrowers in the Brashear area seeking both purchase and refinance options.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Brashear, MO
What are the current average mortgage rates for homebuyers in Brashear, MO?
Mortgage rates in Brashear typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates range between 6.5-7.25% depending on credit score and loan terms. It's recommended to check with local banks like F&M Bank and Trust or regional credit unions for the most competitive rates specific to Adair County.
Are there any first-time homebuyer programs specifically available in Brashear?
Yes, Brashear residents can access Missouri's First Place Home Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development Loan program is particularly relevant for Brashear given its rural designation, offering 100% financing with no down payment required for eligible borrowers in this area.
How does Brashear's rural location affect mortgage lending options?
Brashear's rural designation opens up specialized loan programs not available in urban areas. USDA loans are especially popular here, requiring no down payment for qualified buyers. Local lenders are also more familiar with agricultural properties and rural appraisals, which can be beneficial when purchasing homes with larger land parcels common in this area.
What property types are most common for mortgage financing in Brashear?
Most mortgage financing in Brashear involves single-family homes, often with larger lots typical of rural Missouri. Manufactured homes are also common but require specialized financing through programs like FHA Title I or Chattel loans. Traditional lenders in the area are experienced with both property types, though manufactured homes may have different requirements.
How long does the mortgage approval process typically take with local Brashear lenders?
The mortgage process with local Brashear lenders typically takes 30-45 days, similar to national averages. However, working with community banks like those in nearby Kirksville can sometimes streamline the process due to their familiarity with local property values and quicker decision-making. The rural nature of properties may occasionally require additional appraisal time.
Why Choose a Mortgage Lender in Brashear?
Local Market Knowledge
Lenders who understand Brashear'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 Brashear and get competitive rates on your home loan.