The Best Mortgage Lenders in Exeter, MO
Compare verified mortgage lenders serving Exeter, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Exeter
Featured Mortgage Lenders
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a top-rated mortgage lender with a strong regional presence in Missouri, including service to Exeter. Known for competitive rates and a wide range of loan options, they excel in customer satisfaction with streamlined processes and personalized service. Their Springfield office provides local support, and they have consistently high ratings for reliability and efficiency in home financing.
Loan Types:
New American Funding
New American Funding
New American Funding is highly regarded for its diverse loan products and exceptional customer service, with a track record of serving rural and urban areas in Missouri, including Exeter. They focus on inclusive lending practices, offer competitive rates, and have numerous positive reviews for their responsive support and efficient closing processes.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading mortgage lender praised for its innovative online tools and competitive rates, making it a popular choice in Exeter and across Missouri. With a focus on transparency and speed, they have high customer satisfaction scores and offer a variety of loan options tailored to individual needs, supported by a network of experienced loan officers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Exeter, MO
What are typical mortgage rates like for homebuyers in Exeter, MO?
Mortgage rates in Exeter are generally competitive with national averages, but local lenders may offer slightly better terms for rural properties common in the area. As of 2024, rates for 30-year fixed mortgages in Barry County typically range from 6.5% to 7.25%, depending on credit score and loan type. Working with a local lender familiar with Exeter's market can help you secure the most favorable rate.
Are there any first-time homebuyer programs specific to Exeter, MO?
While Exeter itself doesn't offer city-specific programs, homebuyers can access Missouri's First Place Home Loan Program and Mortgage Credit Certificate (MCC), which provide down payment assistance and tax credits. These state programs are particularly beneficial in Exeter's affordable housing market, where median home prices are below state averages. Local lenders can help you determine eligibility for these programs.
How does Exeter's rural location affect mortgage lending requirements?
Exeter's rural designation may qualify buyers for USDA loans, which offer 100% financing with no down payment requirement. Many properties in and around Exeter are eligible for USDA Rural Development loans, making homeownership more accessible. However, some lenders may require additional property inspections for older homes common in this historic community.
What should I know about property taxes when getting a mortgage in Exeter?
Barry County property taxes in Exeter are relatively low compared to urban areas in Missouri, typically ranging from 0.80% to 1.10% of assessed value. When calculating your mortgage payment, expect to escrow approximately $800-$1,200 annually for property taxes on a median-priced home. Your lender will help estimate these costs during the pre-approval process.
Are there any local considerations for condos or manufactured homes in Exeter?
Financing for manufactured homes in Exeter requires special consideration, as many lenders have specific requirements for foundation systems and property types. Condo options are limited in Exeter, but when available, they may qualify for conventional financing. Local lenders with experience in Barry County's unique housing stock can best navigate these specialized loan scenarios.
Why Choose a Mortgage Lender in Exeter?
Local Market Knowledge
Lenders who understand Exeter'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 Exeter and get competitive rates on your home loan.