Home Loans at The Bank of Missouri
Whether you are purchasing your first home, would like to move to a larger home, or need to refinance your existing mortgage, The Bank of Missouri has experienced mortgage loan specialists to guide you to the right home loan for your specific needs.
The mortgage industry is unique and constantly changing. Our experienced lenders guide you through the process, making it as quick and stress-free as possible.
At The Bank of Missouri, you will find:
- Competitive interest rates and closing costs
- Local decision-making
- A wide range of mortgage options
- Customized solutions to meet your needs
- Pre-qualifications provided at no cost to you for better buying power
We invite you to take a look at some of our common loan options and fill out the form below. We look forward to setting an appointment to discuss the best solution for you.
Our conventional loans offer a vast array of loan options with either fixed or variable rates or payments. Purchase and refinance transactions are available.
Home Equity Line of Credit
A home equity line of credit allows a homeowner to borrow against the equity in their home with specific limits and terms. This is an open-end loan, which allows the borrower to borrow and repay funds as needed.
Adjustable Rate Mortgage
Adjustable rate mortgages generally have lower beginning interest rates (and lower payments) than fixed rate mortgages. Borrowers may choose this product to keep their mortgage payments at a minimum during the early years of a loan and if rates increase, the borrower’s income may also have increased to help offset the impact on their budget.
Residential Construction Loans
Build your dream home with a construction loan, which provides financing during the construction phase. Upon completion of your home, the bank will refinance the home to an appropriate loan program.
VA loans offer long-term financing to eligible veterans, active duty personnel, or surviving spouses. Up to 100% financing is available for these loans, which are guaranteed by U.S. Department of Veteran Affairs. Purchase and refinance transactions are available.
USDA Rural Housing Loans
USDA Rural Housing Loans are geared toward purchasing property with 100% financing in an eligible rural location.
FHA loans can aid lower income borrowers to purchase otherwise unaffordable homes. Lending limits will vary based on housing types and the state and county in which the property is located. FHA collects an up-front mortgage insurance premium along with an annual fee. Purchase and refinance transactions are available.