The Best Mortgage Lenders in Saint Mary, MO
Compare verified mortgage lenders serving Saint Mary, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Mary
Featured Mortgage Lenders
Mortgage Department
Peoples Savings Bank
Peoples Savings Bank is a highly-rated community bank serving the Saint Mary area with exceptional mortgage services. Located just minutes from Saint Mary in Perryville, they offer personalized service with local decision-making. Their mortgage team has extensive experience with rural property financing, which is particularly valuable for the Saint Mary region. Customers consistently praise their competitive rates, transparent process, and knowledgeable staff who understand the local real estate market.
Loan Types:
Mortgage Division
Alliance Mortgage Company
Alliance Mortgage Company is a regional mortgage lender with strong presence throughout Southeast Missouri, including Saint Mary. They specialize in rural and suburban home financing with particular expertise in USDA and VA loans, making them ideal for the Saint Mary area. Their team provides personalized service with quick turnaround times and competitive rates. Multiple customer reviews highlight their responsiveness and ability to handle complex financing situations efficiently.
Loan Types:
Mortgage Services
USA Mortgage
USA Mortgage is one of Missouri's largest and most reputable mortgage lenders with extensive experience serving rural communities like Saint Mary. While based in St. Louis, they actively serve clients throughout Southeast Missouri with specialized knowledge of the region's unique financing needs. They offer a comprehensive range of loan products with particularly strong programs for first-time homebuyers and rural property financing. Their high review count and consistent ratings demonstrate reliable service and customer satisfaction across the state.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Mary, MO
Are there any first-time homebuyer programs specifically for Saint Mary, MO residents?
Yes, the Missouri Housing Development Commission (MHDC) offers programs like the First Place Loan Program, which provides competitive interest rates and down payment assistance. These programs are available statewide, including in Saint Mary, and can be particularly helpful given the area's affordable housing market. Local lenders familiar with MHDC requirements can help you navigate the application process.
What are typical mortgage rates like in Saint Mary compared to the national average?
Mortgage rates in Saint Mary generally align with national averages, but local lenders may offer competitive rates due to the lower cost of living and property values in Perry County. It's wise to compare offers from both local credit unions and national lenders, as local institutions sometimes provide more personalized service and understanding of the Saint Mary market.
How does Saint Mary's rural location affect the mortgage process?
Saint Mary's rural designation can be advantageous, as you may qualify for USDA loans, which offer 100% financing with no down payment. However, ensure your chosen lender is experienced with rural properties, as appraisals might consider different factors like well and septic systems, which are common in the area.
What should I know about property taxes when getting a mortgage in Saint Mary?
Perry County, where Saint Mary is located, has relatively low property tax rates compared to urban areas in Missouri. When calculating your monthly mortgage payment, lenders will include these taxes in your escrow account. It's advisable to review recent tax assessments on comparable homes in Saint Mary to budget accurately.
Are there any local grants or assistance programs for homebuyers in Saint Mary?
While Saint Mary itself may not have city-specific programs, Perry County occasionally offers community development grants for home repairs or down payment assistance. Check with the Perry County Economic Development Authority and explore MHDC's Missouri First program, which can provide additional support for eligible buyers in this area.
Nearby Cities
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Why Choose a Mortgage Lender in Saint Mary?
Local Market Knowledge
Lenders who understand Saint Mary'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 Saint Mary and get competitive rates on your home loan.