The Best Mortgage Lenders in Neelyville, MO
Compare verified mortgage lenders serving Neelyville, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Neelyville
Featured Mortgage Lenders
Mortgage Department
Southern Bank
Southern Bank is a highly-rated, locally-owned community bank with deep roots in the Poplar Bluff area, directly serving Neelyville and surrounding regions. With over a century of experience, they are known for personalized customer service, competitive mortgage rates, and strong community involvement. Their mortgage team specializes in various loan types with a focus on first-time homebuyers and agricultural loans, earning high customer satisfaction scores for their reliability and local expertise.
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Mortgage Services
First Community National Bank
First Community National Bank has been a trusted mortgage lender in the Poplar Bluff and Neelyville area for over 120 years, offering a wide range of loan products with a reputation for excellent customer service and competitive terms. They are praised for their local decision-making, flexible options for rural homebuyers, and high approval rates, backed by substantial positive reviews highlighting their attentive and knowledgeable staff.
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Loan Officer Team
Guaranteed Rate
Guaranteed Rate is a nationally recognized mortgage lender with a strong presence in Missouri, serving Neelyville through online tools and local loan officers. Founded in 2000, they are known for competitive rates, a streamlined digital application process, and high customer satisfaction ratings. Their expertise in various loan types and efficient service makes them a top choice for borrowers seeking modern convenience combined with personalized support.
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Frequently Asked Questions
Common questions about mortgage lending in Neelyville, MO
What are the current average mortgage rates for homebuyers in Neelyville, MO?
Current mortgage rates in Neelyville typically range from 6.5% to 7.5% for 30-year fixed loans, slightly higher than national averages due to the rural nature of Butler County. Local lenders like Community Bank of Shell Knob and First Community National Bank often offer competitive rates specifically for area residents. It's best to compare rates from both local and national lenders to find the best deal.
Are there any first-time homebuyer programs specifically available in Neelyville?
Yes, the Missouri Housing Development Commission (MHDC) offers first-time homebuyer programs that are accessible in Neelyville, including down payment assistance and competitive interest rates. Additionally, local lenders may offer special programs for teachers, healthcare workers, and other essential service employees in the Butler County area. These programs can help with down payments and closing costs.
How does Neelyville's rural location affect the mortgage approval process?
Neelyville's rural classification can impact mortgage approvals through USDA loans, which are widely available and often ideal for this area since they require no down payment. However, some lenders may require additional property inspections or appraisals due to the rural setting. Working with local lenders familiar with Butler County properties can streamline this process.
What types of properties are most common for mortgage financing in Neelyville?
Most mortgage financing in Neelyville involves single-family homes on larger lots and rural properties, often including acreage. Manufactured homes are also common but may require specialized financing through FHA or VA loans if they meet specific criteria. Traditional stick-built homes typically qualify for conventional financing through local and national lenders.
Are there any local property tax considerations I should know about when getting a mortgage in Neelyville?
Butler County property taxes are relatively low compared to urban areas, typically ranging from 0.8% to 1.2% of assessed value. However, properties with agricultural classification may have different tax considerations that could affect your overall mortgage budgeting. Your lender should help you estimate these costs accurately during the pre-approval process.
Why Choose a Mortgage Lender in Neelyville?
Local Market Knowledge
Lenders who understand Neelyville'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 Neelyville and get competitive rates on your home loan.