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Chula, MO

The Best Mortgage Lenders in Chula, MO

Compare verified mortgage lenders serving Chula, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
295+
Reviews
9
Loan Types

Available Loan Programs in Chula

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Investment

Featured Mortgage Lenders

1

Mortgage Department

Citizens Bank & Trust of Chillicothe

★★★★☆
4.8/5

As the premier community bank serving Livingston County and surrounding areas including Chula, Citizens Bank & Trust has built an exceptional reputation over 140+ years of continuous service. Their mortgage department receives consistently outstanding reviews for personalized service, competitive rates, and deep local market knowledge. They specialize in rural property financing and USDA loans which are particularly relevant for the Chula area. With their long-standing community presence and dedicated mortgage professionals, they offer the combination of local decision-making with comprehensive loan options that makes them a top choice for home financing in north-central Missouri.

Experience:142 years
Reviews:85 customer reviews
1000 Washington Street, Chillicothe, MO 64601

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Mortgage Division

F&M Bank and Trust Company

★★★★☆
4.7/5

F&M Bank and Trust has been a trusted mortgage lender in north Missouri for over a century, serving Chula and surrounding communities with exceptional home financing solutions. They consistently earn high marks for their responsive service, competitive rates, and expertise in rural property lending. Their mortgage team includes experienced loan officers who understand the unique aspects of financing homes in smaller communities like Chula. The bank's strong capital position allows them to portfolio loans when appropriate, providing flexibility that larger lenders cannot match. Their commitment to local service and community development makes them a standout choice.

Experience:125 years
Reviews:90 customer reviews
801 Washington Street, Chillicothe, MO 64601

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerConstructionRefinance
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3

Mortgage Services

Fidelity Mortgage Group, Inc.

★★★★☆
4.6/5

While based in Kirksville, Fidelity Mortgage Group has established itself as a leading regional mortgage lender serving multiple counties including Livingston County where Chula is located. With nearly three decades of experience, they've built a strong reputation for expertise in rural Missouri home financing, particularly with USDA and FHA loans that are well-suited for the Chula market. Customers consistently praise their efficient processing, competitive rates, and knowledgeable loan officers who provide personalized guidance throughout the mortgage process. Their regional focus allows them to combine local market understanding with a wide range of loan products and investor relationships.

Experience:28 years
Reviews:120 customer reviews
801 Locust Street, Kirksville, MO 63501

Loan Types:

ConventionalFHAVAUSDAJumboConstructionInvestmentRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Chula, MO

What are the current mortgage rates like for homes in Chula, MO?

Mortgage rates in Chula typically align with national averages but can be slightly lower due to the rural nature of the area and lower property values. As of 2024, you can expect rates around 6.5-7% for 30-year fixed mortgages, but working with local lenders who understand Livingston County's market can sometimes secure more competitive terms.

Are there any first-time homebuyer programs specifically available in Chula?

Yes, first-time homebuyers in Chula can access Missouri's First Place Home Loan Program, which offers competitive interest rates and down payment assistance. Additionally, Livingston County may have local grants or programs, so it's worth checking with Chula City Hall or regional housing agencies for any additional assistance programs.

How does Chula's rural location affect the mortgage approval process?

Chula's rural classification can sometimes mean stricter appraisal requirements since comparable properties may be limited. Lenders might require additional documentation to verify property values, and USDA loans are particularly popular here since most of Chula qualifies for USDA's rural development program with 100% financing options.

What types of properties are most common in Chula's mortgage market?

Chula's mortgage market primarily consists of single-family homes, manufactured homes on permanent foundations, and agricultural properties. Each property type has different lending requirements, with traditional homes having the most straightforward financing while manufactured homes may require specific loan programs like FHA or VA loans.

Are property taxes in Chula typically included in mortgage escrow accounts?

Yes, most lenders in Chula include Livingston County property taxes in escrow accounts since annual taxes are relatively low compared to urban areas (typically $500-$1,200 annually for most homes). This helps homeowners budget for these expenses while ensuring taxes are paid on time to the county collector.

Mortgage Insights

Finding Your Perfect Mortgage Lender in Chula, Missouri

Searching for a "mortgage loan mortgage lender near me" is more than just finding the closest office. In a tight-knit community like Chula, Missouri, it’s about partnering with a professional who understands the unique rhythm of our local housing market. Whether you're eyeing a spacious property on the outskirts or a cozy home in town, the right local lender can be your greatest asset.

Chula’s real estate scene is defined by its rural charm, affordability, and sense of community. Homes here often come with more land for your dollar compared to larger cities. This is where a local lender shines. They understand how to properly appraise a property with a barn, a few acres, or a well system—factors that can sometimes trip up larger, out-of-town banks. They know the true value of a home in Livingston County, not just the numbers on a spreadsheet.

So, how do you find this ideal partner? Start by asking for recommendations. In a small town, word-of-mouth is powerful. Talk to friends, family, your real estate agent, or even local builders. They’ll point you to lenders with proven reputations for closing deals smoothly in our area. Don’t hesitate to interview a few options. Ask them directly: "How many loans have you closed in Chula or Livingston County in the last year?" Their answer will tell you a lot about their local experience.

As a Missouri homebuyer, you also have access to some excellent state-specific programs that a knowledgeable local lender can guide you through. The Missouri Housing Development Commission (MHDC) offers competitive first-time homebuyer programs with attractive interest rates and down payment assistance. These programs can be a game-changer, making homeownership more accessible. A lender familiar with MHDC’s requirements and processes can efficiently navigate the paperwork and ensure you qualify for every benefit available to you.

Your actionable first step? Look beyond the online search. While starting with "mortgage lender near me" is fine, refine your list to those with physical offices in or near Chillicothe, Brookfield, or Carrollton—the hubs that serve our community. Then, pick up the phone. A conversation will reveal their communication style and local knowledge faster than any website.

Finally, get pre-approved. In any market, but especially in a smaller one where desirable properties move quickly, a solid pre-approval letter from a respected local lender makes your offer stronger. It shows sellers you are serious and financially prepared.

Buying a home in Chula is an investment in a lifestyle. By taking the time to find a mortgage lender who is genuinely *near you*—in both geography and understanding—you’re not just securing a loan; you’re gaining a trusted advisor for one of life’s most significant milestones.

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Why Choose a Mortgage Lender in Chula?

Local Market Knowledge

Lenders who understand Chula'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 Chula and get competitive rates on your home loan.