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Home loans at The Bank of Missouri

Home Loans at The Bank of Missouri

We believe being your mortgage lender is not enough. We want to be your mortgage partner. Whether you are purchasing your first home, moving to a larger home, or refinancing your existing mortgage, we’ll help you find the right home loan for your needs.

The mortgage industry is unique and constantly changing. Our experienced lenders will 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 home loan options
  • Customized solutions to meet your needs
  • Pre-qualification provided at no cost to you for better buying power

Take the next step toward your home loan

You can get started at our convenient online application. Tell us a little about you and your goals, and a lender will reach out to discuss your options and next steps. We look forward to hearing from you!

Apply for a Home Loan >>

Prefer to talk first? We can do that too! Contact us >>

Ready to make your equity work for you?

If you've built up some equity in your home, you may be able to take advantage of a home equity line of credit (HELOC). With this type of loan, you borrow against the equity in your home to pay for home improvements or renovations or other expenses. Interested in learning more about HELOCs? Get started at our online application.

Apply for a Home Equity Line of Credit >>

Loan Choices To Fit You

Thankfully, mortgages are not one-size-fits-all. We've got you covered from conventional home loans to loans specifically for rural areas or veterans. Looking to refinance your existing loan or take out a home equity line of credit? We've got you covered for that too.

Learn a little more about the common loan types below. Not sure which one is right for you? That's what we're here for! Give us a call, start your online application or contact us get started. We'll help you find the best solution for you.

Conventional Loans

Our conventional loans offer a wide selection of options with either fixed or variable rates or payments. Purchase and refinance transactions are available.

  • Up to 97% maximum loan to value (LTV)
  • PMI (private mortgage insurance) is required on most loans with Loan to Value greater than 80%
  • Purchase and refinance transactions available
  • Portfolio loans and secondary market loans available
  • Eligible property types
    • 1 – 4 unit homes
    • Approved condominiums
    • Planned Unit Development (PUD)

Apply for a Home Loan >>

Adjustable Rate Mortgage

Adjustable rate mortgages typically have lower interest rates during the early years of a loan, then increase over time. Is an adjustable rate loan right for you? Talk to us today to find out.

Apply for a Home Loan >>

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 of Missouri will refinance the home to an appropriate loan program.

  • Interest-only payments based on outstanding balance
  • 80% maximum loan to value (LTV)
  • Inspections and disbursements handled by bank or title company
  • Eligible property type: 1 – 4 unit owner occupied

Apply for a Home Loan >>

VA Loans

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 the U.S. Department of Veteran Affairs. Purchase and refinance transactions are available.

Eligible property type: 1 – 4 unit owner occupied

Apply for a Home Loan >>

USDA Rural Housing Loans

USDA Rural Housing Loans are geared toward purchasing property with 100% financing in an eligible rural location.

  • Up to 100% loan to value (LTV) based on appraised value
  • Eligible property type: Owner occupied single family detached

Apply for a Home Loan >>

FHA Loans

FHA loans can help lower-income borrowers buy 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.

  • 96.50% LTV on purchase transactions
  • Eligible property type: 1 – 4 unit owner occupied

Apply for a Home Loan >>

Home Equity Line of Credit

A home equity line of credit allows you to borrow against the equity in your home. This open-end loan allows the borrower to borrow and repay funds as needed.

  • 80% maximum loan to value (LTV)
  • No closing costs or annual fee
  • No pre-payment penalty
  • Requires a minimum monthly payment if there is an outstanding balance
  • $10,000 minimum loan amount
  • Eligible property type: 1 – 4 unit owner occupied

Apply for a Home Equity Line of Credit >>


Have Questions?

We're happy to answer any questions you may have before you start your application. Let us know how to reach you and we'll be in touch soon.

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You will be linking to another website not owned or operated by The Bank of Missouri. The Bank of Missouri is not responsible for the availability or content of this website and does not represent either the linked website or you, should you enter into a transaction. The inclusion of any hyperlink does not imply any endorsement, investigation, verification or monitoring by The Bank of Missouri of any information in any hyperlinked site. We encourage you to review their privacy and security policies which may differ from The Bank of Missouri.

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Because there is a risk information transmitted via Internet email could fall into the wrong hands, The Bank of Missouri suggests confidential information, such as account numbers or social security numbers, not be transmitted via email. If this information must be stated, please contact The Bank of Missouri by phone or at your nearest branch.

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First Choice Insurance Agency, Inc is a wholly owned subsidiary of Reliable Community Bancshares, Inc., parent company of The Bank of Missouri.

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