The Best Mortgage Lenders in Revere, MO
Compare verified mortgage lenders serving Revere, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Revere
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage Corporation
CrossCountry Mortgage is a highly reputable lender with over two decades of experience, known for its exceptional customer service and comprehensive loan options. They have a strong regional presence in Missouri, including service to Revere, and are praised for their competitive rates, personalized guidance, and efficient closing processes. Their high ratings reflect consistent customer satisfaction and reliability in the mortgage industry.
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NBKC Bank
National Bank of Kansas City
NBKC Bank stands out for its excellent online mortgage platform and competitive pricing, earning top ratings for customer satisfaction. With over 25 years in business, they offer a wide range of loan products and serve Revere and surrounding areas efficiently. Their commitment to transparency, low fees, and responsive support makes them a preferred choice for borrowers seeking reliable and streamlined mortgage solutions.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized lender acclaimed for its digital mortgage experience and competitive rates. Serving Revere and all of Missouri, they combine technology with personalized service to simplify the home loan process. Their high customer ratings stem from a track record of reliability, fast approvals, and a broad array of loan options, backed by over two decades of industry expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Revere, MO
What are the current average mortgage rates for homebuyers in Revere, MO?
Mortgage rates in Revere typically align with national averages but can be slightly higher due to the rural nature of Clark County. As of 2024, conventional 30-year fixed rates in the area generally range from 6.5% to 7.25%, though local credit unions like Community State Bank may offer competitive rates. It's best to get quotes from multiple local lenders as rates can vary based on property location and borrower qualifications.
Are there any first-time homebuyer programs specifically available in Revere?
While Revere itself doesn't offer city-specific programs, homebuyers can access Missouri's statewide FIRST Place Program which provides down payment assistance and competitive interest rates. Additionally, the USDA Rural Development loan program is particularly relevant for Revere properties since most of Clark County qualifies for these zero-down-payment loans, making homeownership more accessible in this rural community.
How does Revere's rural location affect the mortgage approval process?
Revere's rural setting can impact appraisals since comparable properties may be limited and farther apart, potentially requiring more extensive appraisal reviews. Lenders may also have specific requirements for properties with wells and septic systems, which are common in the area. Working with lenders experienced in rural Missouri properties can help streamline this process and address any unique property considerations.
What types of properties in Revere might qualify for USDA loans?
Most properties in and around Revere qualify for USDA Rural Development loans since Clark County is designated as rural. This includes single-family homes, manufactured homes on permanent foundations, and some condos. The property must meet USDA safety and livability standards, and the borrower's income must not exceed the county limits, which for Clark County is quite generous given the area's moderate income levels.
Are property taxes in Revere typically included in mortgage escrow accounts?
Yes, most lenders in Revere will include Clark County property taxes in your escrow account along with homeowners insurance. Clark County has relatively low property tax rates compared to urban areas in Missouri, typically ranging from 0.80% to 1.10% of assessed value. Your lender will estimate these costs and collect monthly payments to ensure your tax obligations are met when they come due each December.
Why Choose a Mortgage Lender in Revere?
Local Market Knowledge
Lenders who understand Revere'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 Revere and get competitive rates on your home loan.