The Best Mortgage Lenders in Maywood, MO
Compare verified mortgage lenders serving Maywood, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Maywood
Featured Mortgage Lenders
Mortgage Loan Officer
Paramount Bank
Paramount Bank stands out as one of the highest-rated mortgage lenders serving the greater St. Louis area including Maywood, with exceptional customer satisfaction ratings. As a community-focused bank with deep roots in Missouri, they offer personalized service and competitive rates. Their mortgage team specializes in both purchase and refinance loans with particular expertise in rural properties, making them an excellent choice for Maywood residents. With consistently high ratings across multiple review platforms and nearly two decades of service, they provide the perfect blend of local decision-making and comprehensive loan options.
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Mortgage Specialist
USA Mortgage
USA Mortgage has established itself as a premier mortgage lender throughout Missouri with an outstanding reputation for customer service and competitive rates. With multiple office locations serving the St. Louis metropolitan area, they have extensive experience helping clients in rural communities like Maywood. Their specialization in USDA loans makes them particularly valuable for Maywood homebuyers seeking rural development financing. The company has received numerous industry awards and maintains exceptionally high customer satisfaction ratings, with many reviews praising their responsiveness and ability to close loans efficiently.
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Loan Officer
First State Community Bank
First State Community Bank brings decades of experience serving rural Missouri communities, making them an ideal choice for Maywood residents. As one of Missouri's largest state-chartered banks with locations throughout the region, they offer specialized expertise in rural property financing including agricultural and land loans. Their long history and stability provide confidence to borrowers, while their local decision-making process ensures personalized service. With strong ratings across multiple review platforms and deep community banking roots, they understand the unique needs of rural homebuyers and offer competitive mortgage products tailored to the area.
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Frequently Asked Questions
Common questions about mortgage lending in Maywood, MO
Are there any special first-time homebuyer programs or grants available specifically for Maywood, MO?
While Maywood itself does not offer city-specific programs, Missouri has several statewide programs accessible to buyers in Maywood. The Missouri Housing Development Commission (MHDC) offers competitive first-time homebuyer loans with down payment assistance. It's also wise to check with local credit unions and community banks in the St. Louis County area, as they may have special products for smaller communities like Maywood.
How do property taxes in Maywood, MO, impact my monthly mortgage payment?
Property taxes in Maywood are relatively moderate for the St. Louis region, which helps keep total monthly payments affordable. St. Louis County assesses properties, and the total tax rate is a combination of county, municipal, and school district levies. Your lender will use the specific tax rate for the property's address to calculate an accurate escrow payment, which is a critical part of your PITI (Principal, Interest, Taxes, Insurance) payment.
What is the typical down payment required for a mortgage on a home in Maywood's market?
Down payments in Maywood vary by loan type, but with its median home price being accessible, many buyers utilize conventional loans with 3-5% down or FHA loans with 3.5% down. For the area's more affordable, single-family homes, a down payment can often be in the $5,000 to $15,000 range, making homeownership achievable for many first-time and moderate-income buyers.
Are USDA rural housing loans available for properties in Maywood, Missouri?
Yes, Maywood is eligible for USDA Rural Development loans due to its population size and location. This is a significant advantage for qualified buyers, as USDA loans offer 100% financing (no down payment) and competitive interest rates. You must meet income eligibility requirements, which are based on the St. Louis County median income, and the home must be your primary residence.
How does Maywood's proximity to St. Louis affect mortgage lending and appraisals?
Lenders and appraisers treat Maywood as part of the broader St. Louis metropolitan housing market. This means appraisals will heavily rely on comparable sales ("comps") from Maywood and similar nearby suburbs like Bellefontaine Neighbors and Jennings. Your debt-to-income ratio will be calculated based on your full financial picture, but lenders recognize the stability and demand of the greater St. Louis area, which is favorable for loan approval.
Why Choose a Mortgage Lender in Maywood?
Local Market Knowledge
Lenders who understand Maywood'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 Maywood and get competitive rates on your home loan.