Whether you are looking for commercial real estate or home loans in Missouri, you'll need to use a good Missouri mortgage company to secure the financing you need. This will help those businesses that do not have enough capital to purchase a business location outright.

Mortgage lenders in Missouri are often a good bet when you are looking for a mortgage. Missouri mortgage brokers are familiar with state laws and fees that you might come across when applying for mortgages in Missouri. Mortgage companies in Missouri may also have in-state connections that can help you get a better deal.

When you are comparing the Missouri mortgage rates of several companies, you should:

1. Select a Missouri mortgage broker that specializes in commercial real estate.
2. Compare the rates offered by mortgage companies in Missouri as well as those offered by nationwide companies.
3. Have your lawyer review the zoning laws concerning the property you wish to buy. You need to make sure that you can operate your business in a location before you purchase it.
   

Action Steps
The best contacts and resources to help you get it done

Confirm the qualifications of Missouri mortgage brokers

Verify a mortgage broker's qualifications to make sure that the person you work with is qualified to do business in Missouri. One way to verify this is to make sure they are a member of a local or national professional organization.

I recommend: The National Association of Mortgage Brokers allows you to search their database online for Missouri mortgage brokers.

Receive quotes from mortgage lenders in Missouri online

It's easy to receive rate quotes on both commercial real estate loans and home loans in Missouri. Simply fill out a short form and you will receive quotes from several leading lenders.

I recommend: CompareInterestRates.com allows you to look at the interest rates that companies are offering for your mortgage. Missouri rates can also be found using E-Loan.com.

Consider financing your business mortgage through a local Missouri bank

Many businesses choose to apply for financing through a local Missouri bank. They are often able to get better interest rates when they do this. Missouri banks also may be more likely to work with local small businesses.

I recommend: The Southwest Missouri Bank offers commercial real estate loans as part of their packages for business owners. Montgomery Bank offers mortgage lending.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Make sure that the rates you are looking at are from the same period when comparing the mortgage rates of different mortgage companies in Missouri. Mortgage rates can fluctuate from day to day and you should make sure that you are comparing apples to apples.
• •  Missouri mortgage brokers will decide whether to offer you a commercial real estate loan based on your credit score and your business plan. Make sure that both are in good condition before you speak with lenders.
• •  If a Missouri mortgage company turns you down, do not be afraid to ask the reason why. You will then be able to improve your presentation for the next lender.