The Best Mortgage Lenders in Clever, MO
Compare verified mortgage lenders serving Clever, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clever
Featured Mortgage Lenders
Mortgage Solutions Financial
Mortgage Solutions Financial
Mortgage Solutions Financial is one of the highest-rated mortgage lenders in southwest Missouri, serving Clever and the entire Springfield metropolitan area. With nearly two decades of experience, they've built an exceptional reputation for personalized service and competitive rates. Their team specializes in all major loan types including USDA loans which are particularly relevant for the Clever area. They're known for their educational approach, walking clients through every step of the mortgage process, and have consistently high customer satisfaction ratings across multiple review platforms.
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Arvest Bank Mortgage
Arvest Bank
Arvest Bank has been serving Missouri communities for over 60 years and maintains a strong presence throughout the Clever and Springfield region. As a established regional bank, they offer the stability of a large financial institution with the personalized service of a local lender. Their mortgage department consistently receives high marks for competitive rates, transparent processes, and knowledgeable loan officers. Arvest is particularly strong in construction loans and first-time homebuyer programs, making them an excellent choice for Clever residents seeking various financing options.
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Southern Bank Mortgage
Southern Bank
Southern Bank brings over a century of banking experience to the Clever market, operating as a trusted community-focused lender in southwest Missouri. Their mortgage team is praised for their responsiveness and attention to detail throughout the loan process. They offer a comprehensive range of mortgage products with competitive rates and have built strong relationships with local real estate professionals. Southern Bank's deep roots in the Missouri banking industry provide stability and local market expertise that benefits Clever homebuyers, particularly those seeking conventional and government-backed loan options.
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Frequently Asked Questions
Common questions about mortgage lending in Clever, MO
What are the current average mortgage rates for homebuyers in Clever, MO?
Mortgage rates in Clever typically align with national averages but can vary slightly based on local lender competition. As of recent data, 30-year fixed rates in the Clever area generally range from 6.5% to 7.25%, though rates can be lower for borrowers with excellent credit. It's best to compare rates from local lenders like Central Bank of the Ozarks and Great Southern Bank, as they often have competitive offers for Clever residents.
Are there any first-time homebuyer programs specifically available in Clever?
Yes, Clever 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 for Clever since it qualifies as a rural area, allowing eligible buyers to purchase with no down payment. Local lenders familiar with these programs can help you determine eligibility and application requirements.
How does Clever's rural location affect my mortgage options?
Clever's designation as a rural community opens up unique mortgage opportunities, particularly USDA loans which offer 100% financing with no down payment required. Many properties in and around Clever also qualify for these loans, making homeownership more accessible. However, you'll want to work with lenders experienced in rural lending, as they understand the specific appraisal and property requirements for this area.
What should I know about property taxes when getting a mortgage in Clever?
Christian County, where Clever is located, has relatively low property tax rates compared to larger Missouri cities, currently averaging around 0.87% of assessed value. When calculating your mortgage payment, expect to pay approximately $1,300-$1,800 annually in property taxes for a typical $200,000 home. Your lender will include these taxes in your monthly escrow payment, so there are no surprises at tax time.
Are there local down payment assistance programs for Clever homebuyers?
Yes, in addition to state programs, some local lenders offer down payment assistance specifically for Christian County residents. The Missouri Housing Development Commission's (MHDC) Next Step Program provides up to 4% of the loan amount in down payment assistance for qualified buyers. Given Clever's affordable housing market, these programs can be particularly impactful, often covering the entire down payment for moderately priced homes.
Why Choose a Mortgage Lender in Clever?
Local Market Knowledge
Lenders who understand Clever'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 Clever and get competitive rates on your home loan.