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.
Available Loan Programs in De Soto
Featured Mortgage Lenders
First State Community Bank Mortgage Team
First State Community Bank
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.
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Southern Bank Mortgage Division
Southern Bank
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.
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Scott Credit Union Mortgage Services
Scott Credit Union
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.
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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.
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.