The Best Mortgage Lenders in Paris, MO
Compare verified mortgage lenders serving Paris, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Paris
Featured Mortgage Lenders
Veteran United Home Loans
Veteran United Home Loans
Veteran United Home Loans is a highly reputable mortgage lender based in Missouri, specializing in VA loans but offering a full range of products. With exceptional customer satisfaction ratings, they are known for their dedicated support for veterans and military families, competitive rates, and efficient processing. Their Columbia location allows them to effectively serve the Paris area, and they have a strong track record of reliability and community involvement.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong regional presence in Missouri, including service to Paris. They are praised for competitive interest rates, personalized customer service, and a wide array of loan options. Their Columbia branch ensures local expertise and timely support, backed by years of experience and high customer satisfaction scores in mid-Missouri.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a robust local presence in St. Louis, serving clients in Paris and surrounding areas. They offer competitive rates, a digital-first approach for convenience, and a variety of loan products. Known for their efficiency and strong customer reviews, they provide reliable service with a focus on transparency and speed, making them a trusted choice for homebuyers in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Paris, MO
What are typical mortgage rates for homebuyers in Paris, MO?
Mortgage rates in Paris, MO, are generally competitive with national averages but can be slightly lower due to the rural nature of Monroe County. As of recent trends, 30-year fixed rates often range between 6.0% and 7.0%, but local lenders like Community State Bank or F&M Bank may offer personalized rates based on credit and property type. It's wise to compare offers from both local and national lenders to secure the best deal.
Are there any first-time homebuyer programs specific to Paris, MO?
Yes, first-time homebuyers in Paris can utilize Missouri state programs like the Missouri First Place Loan, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development Loan is popular in Paris due to its rural designation, providing 100% financing with no down payment required for eligible borrowers and properties.
How does the rural location of Paris, MO, affect mortgage lending options?
Paris's rural setting in Monroe County makes USDA loans widely available and attractive, as most of the area qualifies for USDA rural housing programs. This can mean zero down payment options for qualified buyers. However, jumbo loans or certain niche products may be less common, so working with a local lender familiar with rural appraisals and property types is beneficial.
What should I know about property taxes and insurance when getting a mortgage in Paris, MO?
Property taxes in Paris and Monroe County are relatively low compared to urban areas, averaging around 0.85% of assessed value annually. Homeowners insurance is also affordable due to lower risk factors, but lenders will require flood insurance if the property is in a designated flood zone near the South Fabius River. Your mortgage lender will help estimate these costs for accurate monthly payments.
Are there local down payment assistance programs for Paris homebuyers?
While Paris itself doesn't have city-specific programs, homebuyers can access Missouri's Down Payment Assistance program, which offers up to 4% of the loan amount as a forgivable second mortgage. Local lenders may also partner with organizations like the Missouri Housing Development Commission (MHDC) to provide additional grants or low-interest loans for qualifying buyers in the Paris area.
Why Choose a Mortgage Lender in Paris?
Local Market Knowledge
Lenders who understand Paris'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 Paris and get competitive rates on your home loan.