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De Soto, MO

The Best Mortgage Lenders in De Soto, MO

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

3
Top Lenders
4.7
Avg Rating
450+
Reviews
11
Loan Types

Available Loan Programs in De Soto

Conventional
FHA
VA
USDA
Construction
Refinance
Jumbo
Construction-to-Permanent
Home Equity
First-Time Homebuyer
HELOC

Featured Mortgage Lenders

1

First State Community Bank Mortgage Team

First State Community Bank

★★★★☆
4.8/5

First State Community Bank is a highly-rated regional bank with deep roots in Jefferson County and strong presence serving De Soto residents. With over 25 years of experience, they offer personalized mortgage services through local loan officers who understand the specific needs of the De Soto housing market. Their exceptional 4.8 rating reflects outstanding customer service, competitive local rates, and a streamlined mortgage process. As a community-focused institution, they provide comprehensive loan options including specialized programs for first-time homebuyers and veterans, making them a top choice for De Soto home financing.

Experience:25 years
Reviews:150 customer reviews
1 S Main St, Festus, MO 63028

Loan Types:

ConventionalFHAVAUSDAConstructionRefinanceJumbo
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2

Southern Bank Mortgage Division

Southern Bank

★★★★☆
4.7/5

Southern Bank has established itself as a premier mortgage lender in the De Soto area with a strong 4.7 customer rating and over two decades of service. Their local mortgage specialists provide personalized attention and deep knowledge of the Jefferson County real estate market. The bank is particularly noted for their competitive construction loan programs and flexible financing options that cater to both urban and rural properties around De Soto. Their commitment to local community development and extensive experience with USDA rural development loans makes them an excellent choice for De Soto homebuyers.

Experience:22 years
Reviews:120 customer reviews
1408 N Truman Blvd, Crystal City, MO 63019

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentRefinanceHome Equity
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3

Scott Credit Union Mortgage Services

Scott Credit Union

★★★★☆
4.6/5

Scott Credit Union serves the De Soto community with exceptional mortgage services and consistently high customer satisfaction ratings. With 20 years of mortgage lending experience, they offer competitive rates and flexible terms that often outperform larger national lenders. Their mortgage team specializes in first-time homebuyer programs and provides comprehensive guidance through the entire home financing process. The credit union's member-focused approach, combined with their strong local presence in Jefferson County, makes them a trusted choice for De Soto residents seeking personalized mortgage solutions with outstanding service.

Experience:20 years
Reviews:180 customer reviews
721 Salem Place, Festus, MO 63028

Loan Types:

ConventionalFHAVAUSDAFirst-Time HomebuyerRefinanceHELOC
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Frequently Asked Questions

Common questions about mortgage lending in De Soto, MO

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

Mortgage rates in De Soto typically align with national averages but can vary based on local lenders and property types. Currently, rates for 30-year fixed mortgages in Jefferson County range from 6.5% to 7.25% depending on credit score and down payment. It's recommended to compare offers from local credit unions like First State Community Bank and regional lenders who understand the De Soto market.

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

Yes, De Soto 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 closing cost assistance that are particularly beneficial for first-time buyers in affordable markets like De Soto.

How does De Soto's rural location affect mortgage lending requirements?

De Soto's designation as a rural area makes some properties eligible for USDA loans, which offer 100% financing with no down payment required. However, properties must meet specific location and condition requirements, so it's important to work with a lender experienced in rural Missouri mortgages who can verify USDA eligibility for your desired property.

What should I know about property taxes when getting a mortgage in De Soto?

De Soto property taxes in Jefferson County average approximately 1.1% of assessed value, which is relatively moderate for the St. Louis metro area. Lenders will factor these taxes into your debt-to-income ratio calculations, and you'll typically need to escrow for property taxes as part of your monthly mortgage payment.

Are there any local down payment assistance programs for De Soto homebuyers?

While De Soto doesn't have city-specific programs, Jefferson County offers the HOME Investment Partnerships Program that provides down payment assistance to income-qualified buyers. Additionally, many local employers like BJC HealthCare and Mercy Hospital Jefferson may offer employer-assisted housing programs for their employees purchasing in the De Soto area.

Mortgage Insights

Finding Your Key to De Soto: Why a Local Mortgage Broker is Your Best First Step

If you’re dreaming of a home in De Soto, you’re likely picturing the charm of a close-knit community, the convenience of being near major highways, and the appeal of more space for your budget. Turning that dream into reality starts not just with finding the right house, but with securing the right financing. This is where connecting with a mortgage broker in the De Soto area can make all the difference.

Unlike a single bank loan officer, a local mortgage broker acts as your personal advocate and shopping expert. They have access to a wide network of lenders, from large national banks to smaller regional credit unions and portfolio lenders. For a market like De Soto, this is crucial. A broker can match your unique financial picture with loan programs that fit Jefferson County’s specific property types, whether you’re looking at a historic home downtown, a newer build on the outskirts, or a property with some acreage. They understand local appraisals and can navigate the nuances that might trip up an out-of-area lender.

Here’s your actionable plan: Start your search for a broker early, even before you seriously house hunt. Ask for recommendations from your local real estate agent—they work with these professionals daily and know who delivers smooth closings. When interviewing potential brokers, ask pointed questions: “How many homes have you financed in Jefferson County in the last year?” and “Can you walk me through a recent transaction in De Soto?” Their answers will reveal their local expertise.

Don’t overlook Missouri-specific opportunities that a savvy broker will highlight. The Missouri Housing Development Commission (MHDC) offers competitive first-time homebuyer programs with attractive interest rates and down payment assistance. These programs have income and purchase price limits that can be a perfect fit for many De Soto buyers. Furthermore, a local broker will be familiar with any county or city-specific grants or initiatives that could provide additional support.

Your final piece of advice: Choose a broker who communicates clearly and makes you feel confident. The homebuying process, from making an offer on a De Soto home to the final walk-through, can feel fast-paced. You need a guide who explains every step, responds to your questions promptly, and proactively solves problems. Their local knowledge means they can accurately estimate closing timelines and costs common to our area.

By partnering with a mortgage broker who knows De Soto, you’re not just getting a loan; you’re gaining a neighborhood insider who will help you unlock the door to your new home with confidence and the best possible terms. Your first call shouldn’t be to a listing agent—it should be to a trusted local broker who can tell you exactly what you can afford right here in our community.

Nearby Cities

Explore mortgage lenders in cities near De Soto, MO

Why Choose a Mortgage Lender in De Soto?

Local Market Knowledge

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