Your Local Mortgage Lender
Located in Girardeau, Missouri
Personalized Mortgage Experience
Buying a home should feel exciting… not overwhelming.
At The Dave Weston Group, we guide you through every step so you feel confident, informed, and completely at home in the process.
But this is about more than just getting a loan…
It’s about helping you build, protect, and transfer wealth through real estate.
From your first home to your next investment, we’re here to help you make smart decisions that serve you now… and long-term.
Simple. Clear. Done right.
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Girardeau, Missouri.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
The Fed Just Raised Rates and Here Is What Dave Weston Wants Every Buyer to Understand Right Now
The Assumption That Follows Every Fed Announcement and Why It Deserves a Closer Look
The Federal Reserve raised rates and the immediate reaction from buyers is predictable. Mortgage rates just went up by that amount and now is a worse time to buy. Dave Weston at the Dave Weston Group wants to address that assumption before it drives any financial decision because the connection between what the Fed does and what happens to your thirty-year mortgage rate is not what most people believe.
What the Fed Actually Controls
The Federal Reserve sets the federal funds rate. That is the rate banks charge each other for overnight lending between institutions. It is a short-term instrument and its effects flow quickly through short-term borrowing costs. Credit card rates adjust almost immediately. Auto loan pricing moves. Home equity lines of credit respond quickly because they follow the prime rate which tracks the federal funds rate closely.
A thirty-year fixed mortgage rate is governed by entirely different market forces and does not move in automatic lockstep with Fed decisions.
What Actually Drives Your Thirty-Year Mortgage Rate
Thirty-year mortgage rates follow mortgage-backed securities and the ten-year Treasury yield. Those markets respond to inflation expectations, labor market data, and where institutional bond investors collectively believe the economy is heading over a long time horizon. They are forward-looking instruments that price in anticipated conditions rather than simply reacting to current policy announcements.
The result is that when the Fed hikes rates your mortgage rate does not automatically move by the same increment. Sometimes it barely moves at all because the bond market had already priced in the expected decision before the announcement. Sometimes rates actually fall after a Fed hike if the market interprets the action as sufficient to bring inflation under control. And sometimes rates have already moved significantly in the days before the meeting as markets position around what they anticipate.
The Fed headline is not the number that determines your monthly payment.
What to Focus on Instead
Your payment strategy is what changes your monthly number and those tools are available right now regardless of what the Fed announced.
Seller concessions in the current market are being negotiated into accepted offers more frequently than during the competitive peak. A seller-funded temporary rate buydown reduces the payment during the early years of the loan. The right loan program for your specific timeline and financial profile changes the payment calculation in ways that have nothing to do with this week’s decision.
All of those tools are still on the table.
Send Dave Weston a message and he will run the numbers on what a purchase actually looks like for your specific situation in the current rate environment. No pressure. Just clarity.
Sources
FederalReserve.gov
TreasuryDirect.gov
MortgageNewsDaily.com
ConsumerFinancialProtectionBureau.gov
Investopedia.com
Mortgage Calculator
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