The Best Mortgage Lenders in Des Arc, MO
Compare verified mortgage lenders serving Des Arc, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Des Arc
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Missouri, serving the Des Arc area through its St. Louis office. Founded in 2000, it has built a reputation for competitive rates, efficient online processing, and exceptional customer service. With a 4.8-star rating from 87 reviews, customers praise its transparency, quick closings, and wide range of loan options. The company is known for its digital mortgage platform and personalized support, making it a reliable choice for homebuyers in rural and urban areas alike.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender with a dedicated St. Louis office that serves the Des Arc region. Founded in 2008, it has a 4.9-star rating from 52 reviews, highlighting its commitment to community engagement and customer satisfaction. Specializing in various loan types, including USDA loans ideal for rural areas like Des Arc, Movement is praised for its fast approvals, local underwriters, and charitable initiatives. Its focus on building long-term relationships and providing competitive rates makes it a standout option for Missouri homebuyers.
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First Community Credit Union
First Community Credit Union of Missouri
First Community Credit Union is a trusted local financial institution with deep roots in Missouri, serving Des Arc and surrounding areas through its Poplar Bluff branch. Although founded earlier, its mortgage division has adapted with modern services and maintains a 4.7-star rating from 120 reviews. Customers appreciate its member-focused
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Frequently Asked Questions
Common questions about mortgage lending in Des Arc, MO
What are the current average mortgage rates for homebuyers in Des Arc, MO?
Mortgage rates in Des Arc typically align with national averages but can be influenced by local lender competition and property types common in Prairie County. As of recent trends, you might find conventional 30-year fixed rates slightly below national averages due to the rural nature of the area. It's best to check with local lenders like Bank of Pocahontas or Southern Bank for the most current Des Arc-specific rates.
Are there any special mortgage programs for first-time homebuyers in Des Arc?
Yes, first-time homebuyers in Des Arc may qualify for 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 Des Arc homes, offering 100% financing since the area qualifies as rural. Local lenders can help you determine which program best fits your situation.
How does Des Arc's rural location affect the mortgage process?
Des Arc's rural classification can actually benefit borrowers through USDA loans, but may require additional property considerations. Appraisals might take slightly longer as appraisers often travel from larger nearby cities, and some older properties may need well/septic inspections. However, the slower-paced market often means less competition and more flexible closing timelines.
What types of properties are most common for mortgage financing in Des Arc?
Des Arc primarily features single-family homes, many of which are older properties with character, along with some manufactured homes on owned land. Traditional mortgages work well for most single-family homes, while manufactured homes may require specialized financing. The area's affordable pricing means many homes fall well below conventional loan limits.
Are there local down payment assistance programs specific to Des Arc homebuyers?
While Des Arc itself doesn't offer city-specific programs, homebuyers can access Missouri Housing Development Commission's (MHDC) down payment assistance, which applies statewide. Given Des Arc's low-to-moderate income designation, many residents qualify for these programs that can provide 4% of the loan amount toward down payment and closing costs. Local lenders are familiar with these statewide programs that work well in Des Arc's market.
Why Choose a Mortgage Lender in Des Arc?
Local Market Knowledge
Lenders who understand Des Arc'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 Des Arc and get competitive rates on your home loan.