The Best Mortgage Lenders in Uniontown, MO
Compare verified mortgage lenders serving Uniontown, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Uniontown
Featured Mortgage Lenders
Gateway Mortgage Group
Gateway Mortgage Group
Gateway Mortgage Group is a highly-rated lender with over two decades of experience, offering a wide range of loan products and personalized service for homebuyers in the Uniontown area. They are known for their competitive rates, efficient processing, and strong local presence in Southeast Missouri, with loan officers dedicated to serving rural communities like Uniontown.
Loan Types:
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans provides comprehensive mortgage solutions with a strong focus on customer satisfaction and local expertise. Their Cape Girardeau office serves Uniontown residents with a variety of loan options, including government-backed programs, and is praised for responsive service and competitive rates in the region.
Loan Types:
The Money Source
The Money Source Inc.
The Money Source has been serving Missouri homebuyers for over 25 years, with a reputation for reliability and a wide array of mortgage products. While based in St. Louis, they effectively serve Uniontown through remote services, offering specialized loans like VA and FHA with a commitment to customer support and transparency.
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Frequently Asked Questions
Common questions about mortgage lending in Uniontown, MO
What are typical down payment requirements for homes in Uniontown, MO, given the local market?
In Uniontown's more affordable market, many conventional loans require a 5-10% down payment, but you may qualify for a 3% down conventional loan or an FHA loan with 3.5% down. Local lenders are familiar with the area's property values and can help structure a loan that fits the typical sale prices in Perry County, which are below state and national averages.
Are there any local or state-specific first-time homebuyer programs beneficial for buying in Uniontown?
Yes, the Missouri Housing Development Commission (MHDC) offers competitive first-time homebuyer programs with down payment assistance and favorable interest rates, which are accessible in Uniontown. Additionally, some local credit unions in the Perry County region may have their own community-focused programs or grants for buyers with moderate incomes.
How does the rural nature of Uniontown affect the mortgage process, like appraisals or inspections?
Due to the rural setting, appraisals can sometimes take longer as appraisers may need to travel from larger markets like Cape Girardeau, and they must find comparable sales within a reasonable distance. It's also wise to budget for specialized inspections, like well and septic tests, which are common requirements for lenders on properties outside municipal utilities.
What type of property insurance considerations are unique to a Uniontown mortgage?
Since Uniontown is in a floodplain near the Mississippi River, your lender will likely require a flood elevation certificate and mandatory flood insurance if the property is in a designated Special Flood Hazard Area (SFHA). This is a critical and often costly addition to standard homeowner's insurance that must be factored into your monthly payment.
Are USDA Rural Development loans a viable option for mortgages in Uniontown, MO?
Absolutely. Uniontown's location makes most, if not all, of the area eligible for USDA Section 502 Guaranteed Loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is one of the most advantageous programs for buyers in this rural community, provided income limits are met.
Why Choose a Mortgage Lender in Uniontown?
Local Market Knowledge
Lenders who understand Uniontown'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 Uniontown and get competitive rates on your home loan.