The Best Mortgage Lenders in Falcon, MO
Compare verified mortgage lenders serving Falcon, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Falcon
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly regarded for its exceptional customer service and competitive mortgage rates, with a strong presence in southern Missouri. They specialize in a wide array of loan products and are praised for their efficient, personalized process, making them a top choice for homebuyers in the Falcon area. Their long-standing reputation and numerous positive reviews highlight reliability and customer satisfaction.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust local presence in Missouri, offering innovative digital tools and competitive rates. They are known for their swift loan processing and extensive loan options, serving Falcon residents with high efficiency. Their high customer ratings and substantial review count reflect a commitment to transparency and excellent service.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out for its community-focused approach and fast loan closings, with a strong footprint in the Ozarks region including Falcon. They provide a comprehensive range of mortgage solutions and are lauded for their responsive customer support and competitive rates. Their growing number of positive reviews and years of experience make them a trusted lender for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Falcon, MO
What are the current mortgage rates like in Falcon, MO?
Mortgage rates in Falcon typically align with national averages but can be influenced by local market conditions. Currently, rates for 30-year fixed mortgages in the area range from 6.5% to 7.25%, though these vary by lender, credit score, and loan type. Working with a local lender who understands Falcon's rural market can help you secure competitive rates.
Are there any first-time homebuyer programs specific to Falcon, MO?
Yes, Missouri offers several statewide programs that Falcon residents can access, including the Missouri Housing Development Commission (MHDC) tax credit and down payment assistance programs. These programs provide competitive interest rates and down payment help for qualifying buyers. Local lenders familiar with these programs can guide you through eligibility requirements and application processes.
How does Falcon's rural location affect mortgage lending requirements?
Falcon's rural designation may qualify you for USDA loans, which offer 100% financing with no down payment required. These loans are specifically designed for rural areas like Falcon and have income limits based on household size. Additionally, appraisals in rural areas may consider different comparable properties than urban markets.
What special considerations should I know about property taxes for Falcon mortgages?
Christian County, where Falcon is located, has relatively low property tax rates compared to urban Missouri areas, typically around 0.85% of assessed value. However, property assessments can vary significantly between rural parcels. Your lender will help estimate escrow requirements, but it's wise to verify exact taxes with the Christian County Assessor's office.
Are there any local down payment assistance programs available in Falcon?
While Falcon itself doesn't offer city-specific programs, Christian County participates in statewide assistance programs through MHDC. These include the NextStep program offering 4% down payment assistance and the Cash Assistance Loan providing 3% of the loan amount for closing costs. Eligibility depends on income limits and property location within the county.
Why Choose a Mortgage Lender in Falcon?
Local Market Knowledge
Lenders who understand Falcon'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 Falcon and get competitive rates on your home loan.