The Best Mortgage Lenders in Quincy, MO
Compare verified mortgage lenders serving Quincy, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Quincy
Featured Mortgage Lenders
Peoples Savings Bank Mortgage Team
Peoples Savings Bank
Peoples Savings Bank is a highly-rated community bank serving Northeast Missouri, including Quincy and surrounding areas. With over two decades of experience, they offer personalized mortgage services with local decision-making. Their mortgage team specializes in first-time homebuyer programs, USDA rural development loans, and competitive construction lending. Customers consistently praise their responsive service, transparent communication, and ability to close loans efficiently. As a community-focused institution, they understand the local real estate market and provide tailored solutions for Quincy area residents.
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F&M Mortgage Services
F&M Bank and Trust Company
F&M Bank and Trust has been serving Northeast Missouri communities for over three decades with comprehensive mortgage lending services. Their experienced mortgage team offers competitive rates and a wide range of loan products suitable for Quincy area homebuyers. The bank is particularly noted for its expertise in agricultural and rural property financing, making them an excellent choice for Quincy's surrounding rural communities. Customers highlight their professional service, local underwriting, and commitment to finding the right mortgage solution for each borrower's unique situation.
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USA Mortgage - Quincy Division
USA Mortgage (DAS Acquisition Company, LLC)
USA Mortgage has a strong presence serving the Quincy, Missouri area from their nearby Quincy, Illinois office. With over two decades of experience and hundreds of positive reviews, they are one of the region's most trusted mortgage lenders. They offer an extensive range of loan programs including specialized options for medical professionals, teachers, and first responders. Their local loan officers have deep knowledge of both the Missouri and Illinois housing markets, providing valuable cross-border expertise. Customers consistently praise their competitive rates, efficient processing, and exceptional customer service throughout the loan process.
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Frequently Asked Questions
Common questions about mortgage lending in Quincy, MO
What are the current average mortgage rates for homebuyers in Quincy, MO?
Mortgage rates in Quincy typically align with national averages but can be slightly lower due to the rural nature of the area and lower property values. As of late 2024, you might expect rates around 6.5% to 7% for a 30-year fixed mortgage, but it's best to check with local lenders like Community State Bank or Regional Missouri Bank for the most accurate, personalized rates.
Are there any first-time homebuyer programs specific to Quincy or Adams County?
Yes, the Missouri Housing Development Commission (MHDC) offers first-time homebuyer programs that are accessible in Quincy, providing competitive interest rates and down payment assistance. Additionally, some local lenders may have special programs for teachers, healthcare workers, or other essential service employees in the Quincy area.
How does Quincy's rural location affect the mortgage appraisal process?
Due to Quincy's rural setting, appraisals can sometimes be challenging because there may be fewer comparable home sales ("comps") nearby. This might require appraisers to look at properties in broader Adams County or even neighboring counties, which could occasionally impact the appraised value. Working with a lender familiar with rural Missouri properties can help streamline this process.
What types of properties in Quincy might qualify for USDA loans?
Most of Quincy and surrounding Adams County is eligible for USDA Rural Development loans, which offer 100% financing. This includes single-family homes in designated rural areas, making it an excellent option for buyers with moderate incomes looking to purchase in Quincy without a large down payment.
How do property taxes in Quincy, MO impact monthly mortgage payments?
Adams County property taxes are relatively low compared to urban areas in Missouri, currently averaging about 0.90% of assessed value. For a $150,000 home, this translates to approximately $1,350 annually, which would add about $112 to your monthly mortgage payment when escrowed. These affordable taxes make homeownership in Quincy more accessible.
Why Choose a Mortgage Lender in Quincy?
Local Market Knowledge
Lenders who understand Quincy'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 Quincy and get competitive rates on your home loan.