The Best Mortgage Lenders in Hazelwood, MO
Compare verified mortgage lenders serving Hazelwood, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hazelwood
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the St. Louis area, including Hazelwood. Known for its competitive rates and digital-first approach, the company has earned high customer satisfaction for its efficient online application process and personalized service. With over two decades of experience, they specialize in a wide range of loan products, including FHA and VA loans, making them a reliable choice for first-time homebuyers and veterans. Their St. Louis office is staffed with local experts who understand the Hazelwood market, ensuring smooth transactions and timely closings.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with deep roots in the Missouri region, serving Hazelwood and the greater St. Louis area. Praised for exceptional customer service and competitive rates, they have consistently high ratings due to their transparent processes and dedicated loan officers. Founded in 1996, they offer a comprehensive suite of loan options, including USDA loans for rural areas and specialized programs for low-down-payment buyers. Their local team provides personalized guidance, making them a favorite among homebuyers seeking reliability and community-focused service.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a significant presence in the St. Louis metropolitan area, including Hazelwood. They are celebrated for their fast closing times and commitment to customer satisfaction, often completing loans in as little as 30 days. Founded in 2008, they combine modern technology with local expertise, offering tailored solutions for various buyer needs, such as first-time homebuyer programs and VA loans. Their community involvement and responsive support team contribute to their strong reputation, making them a trusted option for Hazelwood residents.
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Frequently Asked Questions
Common questions about mortgage lending in Hazelwood, MO
What are the current average mortgage rates in Hazelwood, MO, and how do they compare to national averages?
Mortgage rates in Hazelwood typically align closely with national averages but can be slightly influenced by local market conditions and lender competition in the St. Louis area. As of recent trends, rates for a 30-year fixed mortgage in Hazelwood often range within 0.125% to 0.25% of the national average. It's advisable to compare offers from both local credit unions and national lenders to secure the best rate for your situation.
Are there any first-time homebuyer programs specific to Hazelwood that offer down payment assistance?
Yes, Hazelwood homebuyers can access Missouri's first-time homebuyer programs like the Missouri Housing Development Commission (MHDC) offering competitive interest rates and down payment assistance. Additionally, St. Louis County offers programs that Hazelwood residents may qualify for, providing grants or forgivable loans for down payment and closing costs. These programs often have income limits and require homebuyer education courses.
How does Hazelwood's property tax rate affect my monthly mortgage payment?
Hazelwood's property tax rate is approximately $8.85 per $100 of assessed valuation, which is relatively moderate for St. Louis County. This means for a $200,000 home, you can expect annual property taxes around $3,400-$3,800, adding approximately $285-$315 to your monthly mortgage payment when escrowed. The specific rate can vary slightly depending on the school district and special taxing districts within Hazelwood.
What special mortgage considerations should I know about when buying in Hazelwood's flood-prone areas?
Several neighborhoods in Hazelwood, particularly those near the Missouri River, may require flood insurance if you're using a federally-backed mortgage. Lenders will typically order a flood zone determination during the mortgage process. If your property is in a Special Flood Hazard Area, you'll need to purchase flood insurance, which can add $500-$2,000 annually to your housing costs depending on the property's elevation and flood risk.
Are there any local mortgage programs that help with purchasing older homes in Hazelwood's established neighborhoods?
While there aren't Hazelwood-specific programs, Missouri's renovation loans like the FHA 203(k) are particularly valuable for Hazelwood's older housing stock. These loans allow you to finance both purchase price and renovation costs, which is ideal for many of Hazelwood's mid-century homes that may need updates. Local lenders familiar with Hazelwood's housing inventory can help structure these loans to account for common issues like older electrical systems or foundation repairs.
Nearby Cities
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Why Choose a Mortgage Lender in Hazelwood?
Local Market Knowledge
Lenders who understand Hazelwood'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 Hazelwood and get competitive rates on your home loan.