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Dunnegan, MO

The Best Mortgage Lenders in Dunnegan, MO

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

3
Top Lenders
4.7
Avg Rating
825+
Reviews
11
Loan Types

Available Loan Programs in Dunnegan

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Construction-to-Perm
Lot Loans
First-time Homebuyer
Home Equity

Featured Mortgage Lenders

1

Arvest Bank Mortgage

Arvest Bank

★★★★☆
4.8/5

Arvest Bank has been serving the Missouri Ozarks region for over six decades with an exceptional reputation for mortgage lending. They maintain multiple branches throughout southwest Missouri and specifically serve rural communities like Dunnegan. Their mortgage team offers personalized service with competitive rates on all loan types, including USDA loans which are particularly relevant for rural properties. Customers consistently praise their local decision-making authority, transparent process, and knowledgeable loan officers who understand the unique needs of Missouri homeowners.

Experience:60+ years
Reviews:350 customer reviews
3800 South Fremont Avenue, Springfield, MO 65804

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Central Bank of the Ozarks

Central Bank of the Ozarks

★★★★☆
4.7/5

As one of Missouri's most established community banks, Central Bank of the Ozarks has deep roots in serving rural Missouri communities including Dunnegan. They specialize in understanding the unique aspects of rural property financing and offer exceptional local service with decisions made locally rather than at a distant corporate office. Their mortgage team receives consistent praise for their responsiveness, competitive rates, and expertise with agricultural and rural property loans. They're particularly strong with construction loans and lot financing for buyers building homes in rural areas.

Experience:110+ years
Reviews:285 customer reviews
1423 South Glenstone Avenue, Springfield, MO 65804

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermLot LoansRefinance
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3

Telcomm Credit Union

Telcomm Credit Union

★★★★☆
4.6/5

Telcomm Credit Union has been serving southwest Missouri residents for over 70 years with a strong focus on mortgage lending throughout the region. They offer particularly competitive rates for members and have specific expertise with rural property financing relevant to Dunnegan area homebuyers. Their mortgage team is praised for personalized service, educational approach for first-time buyers, and efficient processing. As a credit union, they operate as a not-for-profit organization, often resulting in lower fees and more favorable terms for qualified borrowers in the Dunnegan service area.

Experience:70+ years
Reviews:190 customer reviews
2855 West Chestnut Expressway, Springfield, MO 65802

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceHome Equity
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Frequently Asked Questions

Common questions about mortgage lending in Dunnegan, MO

What are the current average mortgage rates for homebuyers in Dunnegan, MO?

Mortgage rates in Dunnegan typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. It's best to check with local credit unions like Central Bank of the Ozarks or regional banks for the most competitive rates specific to Polk County.

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

Yes, Dunnegan residents 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 tax credits and affordable mortgage options that are particularly valuable in Dunnegan's modest housing market.

How does Dunnegan's rural location affect mortgage lending requirements?

Dunnegan's rural classification can work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some conventional lenders may require additional documentation for property assessments due to the area's rural nature and limited comparable home sales.

What unique closing costs should I expect when buying a home in Dunnegan?

Dunnegan homebuyers should budget for standard Missouri closing costs plus Polk County-specific fees, including recording fees ($30-50 per document) and potential rural property survey costs ($400-800). Title insurance typically runs 0.5-1% of the home price, and you may encounter additional well or septic inspection fees for rural properties.

How do property values in Dunnegan affect loan-to-value ratios and PMI requirements?

With Dunnegan's median home values around $150,000-$200,000, lenders often require thorough appraisals to establish accurate property values. If your down payment is less than 20%, you'll likely need Private Mortgage Insurance (PMI), which typically costs 0.5-1% of your loan amount annually in this market.

Nearby Cities

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Why Choose a Mortgage Lender in Dunnegan?

Local Market Knowledge

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