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
New Home Starts Rose Home Values Climbed and Here Is What the Housing Market Actually Did This Week
What Actually Happened in Real Estate While the Headlines Were Being Loud
The news loves the scary stuff. The alarming headlines. The worst-case interpretations of every data point that touches the economy or the housing market. But this week while the headlines were generating anxiety the housing market quietly delivered some genuinely good news worth paying attention to.
New Home Starts Went Up
After two months of slowing down new home starts increased this week. That matters because construction activity is a direct signal of what builders are seeing in the market. Builders do not start homes they do not believe buyers will purchase. When starts rise after a period of slowing the signal is that buyer demand is holding up well enough to justify getting back to work.
People are still buying. The market is not frozen. The activity is there.
Home Values Kept Climbing
Home values continued their upward trajectory this week growing at approximately a 3 percent annual pace. As Dave Weston at the Dave Weston Group explains that number is more meaningful than it might initially appear when you translate it into real dollars.
On a $500,000 home a 3 percent annual appreciation rate produces approximately $15,000 in new equity over the course of a single year. That equity accumulates whether the homeowner is paying attention to it or not. It builds through appreciation without any additional action required beyond owning the home. For buyers who have been on the sidelines waiting for conditions to feel more certain that $15,000 represents the cost of one year of waiting measured in equity that did not build.
The One Complicating Factor
Oil prices moved higher this week because of events overseas and elevated oil creates inflationary pressure that can make things bumpy for mortgage rates in the near term. That is real and worth monitoring.
But it is one factor in a picture that also includes a labor market where people are still working, homeowners who are still building wealth through appreciation, and a market that is still generating genuine opportunities for buyers who are prepared to act when those opportunities appear.
What This Means for You
The headlines describe a market that sounds frightening. The actual data from this week describes a market where new construction is picking back up, home values are growing at a pace that produces real equity for owners, employment remains solid, and opportunities still exist for buyers and homeowners who are positioned correctly.
If you are wondering what all of this means for your specific situation give Dave Weston a call. Dave Weston with the Dave Weston Group is dedicated to helping homeowners build, protect, and transfer real estate wealth and is happy to walk through what this week's data means for where you are right now.
Sources
FederalReserve.gov
MortgageNewsDaily.com
CensusGov.gov
NAR.realtor
BureauOfLaborStatistics.gov
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