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Marshall, MO

The Best Mortgage Lenders in Marshall, MO

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

3
Top Lenders
4.8
Avg Rating
315+
Reviews
9
Loan Types

Available Loan Programs in Marshall

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer
Home Equity

Featured Mortgage Lenders

1

Central Bank of Missouri

Central Bank of Missouri

★★★★☆
4.8/5

Central Bank of Missouri is the premier local banking institution serving Marshall and surrounding communities with deep roots in the area. As a community-focused bank with over two decades of service, they offer personalized mortgage solutions with local underwriting and decision-making. Their experienced loan officers provide competitive rates on all major loan types including specialized rural development loans ideal for the Marshall area. Known for exceptional customer service and streamlined processing, they maintain strong relationships with local real estate professionals and consistently receive high marks for their responsive, community-oriented approach to mortgage lending.

Experience:25 years
Reviews:150 customer reviews
101 N Lafayette Ave, Marshall, MO 65340

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Landmark Bank

Landmark Bank

★★★★☆
4.7/5

Landmark Bank has been serving the Marshall community for over 20 years with a strong reputation for reliable mortgage services and local expertise. As a regional bank with deep Missouri roots, they offer comprehensive mortgage solutions including specialized programs for first-time homebuyers and agricultural property financing relevant to the Marshall area. Their local loan officers provide personalized guidance throughout the entire process with competitive rates and flexible terms. Customers consistently praise their knowledgeable staff, efficient processing, and commitment to finding the right mortgage solution for each borrower's unique situation.

Experience:20 years
Reviews:120 customer reviews
100 E North St, Marshall, MO 65340

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceHome Equity
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3

Veterans United Home Loans

Veterans United Home Loans

★★★★☆
4.9/5

While based in Columbia (approximately 45 minutes from Marshall), Veterans United Home Loans serves the entire state of Missouri and has earned a national reputation as the premier VA loan specialist. With exceptional 4.9-star ratings across thousands of reviews, they bring unparalleled expertise in veteran and military family financing to the Marshall area. Their dedicated loan specialists provide white-glove service with extensive VA loan knowledge, competitive rates, and a streamlined digital process. Despite being a larger lender, they maintain personalized service with local connection points and have helped thousands of Missouri families achieve homeownership with their specialized VA loan programs and exceptional customer support.

Experience:18 years
Reviews:45 customer reviews
1400 Veterans United Dr, Columbia, MO 65201

Loan Types:

VAConventionalFHAJumboRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Marshall, MO

What are the current average mortgage rates in Marshall, MO, and how do they compare to state averages?

Mortgage rates in Marshall typically align closely with Missouri state averages, often ranging from 6.5% to 7.5% for 30-year fixed loans depending on creditworthiness. Local lenders like Citizens Memorial Hospital Credit Union and Central Bank of Marshall often offer competitive rates that may be slightly lower than national averages due to lower operational costs in this region. It's wise to compare both local and online lenders for the best Marshall-specific rates.

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

Yes, Marshall homebuyers can access Missouri's First Place Home Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the Saline County Community Development Corporation occasionally offers local grants for income-qualified buyers purchasing within Marshall city limits. These programs are particularly valuable given Marshall's median home prices being below state averages.

How does Marshall's property tax structure affect my mortgage payments?

Saline County property taxes in Marshall average approximately 1.1% of assessed value, which is moderate for Missouri. Your lender will typically escrow these taxes along with your mortgage payment, adding roughly $100-200 monthly to your payment for a typical $150,000 home. Marshall's stable tax rates provide predictable housing costs compared to more volatile markets.

What special considerations should I know about getting a mortgage for Marshall's historic homes?

Marshall's historic districts like the Eastwood Street Historic District may require specialized lending considerations. While conventional loans work for most properties, some historic homes might need FHA 203(k) rehabilitation loans if significant repairs are needed. Local appraisers familiar with Marshall's historic architecture can properly value these unique properties for mortgage underwriting.

How long does the mortgage approval process typically take with Marshall lenders?

Most Marshall-based lenders complete mortgage approvals within 30-45 days, which is standard for rural Missouri markets. Working with local institutions like Bank of Marshall can sometimes expedite the process due to their familiarity with local property records and quicker communication with Saline County officials. The timeline can vary based on property type and loan complexity.

Mortgage Insights

Finding Your Perfect Mortgage Match in Marshall, MO

Searching for a "mortgage lender near me" in Marshall is more than just finding the closest office; it's about finding a financial partner who understands our unique local market. As the county seat of Saline County, Marshall offers a charming blend of historic homes, affordable new constructions, and a strong sense of community. The right local lender will be your guide through this specific landscape, helping you navigate not just the numbers, but the nuances of buying a home right here.

Why a Local Lender Matters in Marshall

While online lenders might offer quick quotes, a mortgage professional based in or deeply familiar with Marshall brings irreplaceable advantages. They have firsthand knowledge of how homes are appraised in our neighborhoods, from the established streets near Missouri Valley College to the newer developments on the outskirts. They understand the seasonal rhythms of our market and can often recommend reputable local inspectors, title companies, and attorneys, streamlining your entire process. Perhaps most importantly, they are accessible. Being able to sit down face-to-face at their office on the square or meet for a coffee can make complex financial discussions much clearer and less stressful.

Actionable Tips for Your Search

Start your search by asking for recommendations from your local real estate agent, friends, or colleagues who have recently purchased in the area. Don't just compare interest rates; compare service, communication style, and local expertise. When you interview potential lenders, ask them directly: "How many loans have you closed in Saline County in the last year?" and "What specific challenges or opportunities do you see for buyers in Marshall right now?" Their answers will tell you everything you need to know.

Exploring Missouri-Specific Opportunities

A top-tier local lender will also be your key to unlocking state-specific homebuyer programs. For many buyers in Marshall, the Missouri Housing Development Commission (MHDC) programs are a game-changer. These can offer competitive interest rates, down payment assistance, and tax credits, making homeownership significantly more attainable for first-time and repeat buyers alike. A lender who regularly works with MHDC can efficiently guide you through the eligibility requirements and application process, ensuring you don't leave valuable benefits on the table.

Your path to a home in Marshall begins with the right financial foundation. By prioritizing a mortgage lender who is invested in our community, you gain an advocate who will work tirelessly to find the right loan product for your budget and help you confidently navigate the journey to your new front door. Take the time to find a partner who doesn't just see you as a loan number, but as a future neighbor.

Nearby Cities

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Why Choose a Mortgage Lender in Marshall?

Local Market Knowledge

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