For both first and second mortgages in Missouri, mortgage brokers can help consumers find competitive offers from numerous banks and credit unions. As licensed mortgage originators, Missouri mortgage brokers can give you access to exclusive mortgages, home equity loans and other real estate lending products from different banks. Occasionally, an out-of-state bank will offer a better rate than a Missouri lender—in this case, a mortgage broker gives you a local contact for dealing with a bank or credit union from another part of the country.
Within Missouri, mortgage brokers are overseen by the Missouri Division of Finance and are licensed through the National Mortgage Licensing System. In order to receive a mortgage broker’s license, professionals must undergo over 20 hours of education, which includes courses on ethics, real estate lending in Missouri, non-traditional mortgages and federal lending laws and programs, such as FHA loans and VA housing initiatives. Beyond this initial course, mortgage brokers must complete continuing education course in order to keep their licenses active.
All registered Missouri mortgage brokers meet the same minimum requirements—but in order to find a mortgage broker that goes above and beyond in serving your needs, it’s best to do some comparison shopping. You can begin by browsing through mortgage brokers by location below. We’ve included a comprehensive listing of top mortgage brokers in Missouri, including business hours, office locations, contact information and a brief overview of specialties and lending services. Contact two or three to schedule a consultation and get competitive offers. |
