Conventioinal Loans
In Springfield, MO & Nationwide
When you’re ready to purchase a home, flexibility and competitive rates make all the difference. Lower® Mortgage Key & Compass Team helps homebuyers across Springfield, Nixa, Ozark, Republic, Willard, and nearby Missouri communities secure the right conventional mortgage for their goals.
Whether you’re a first-time buyer, moving up to your next home, or investing in real estate, our team combines local market expertise and lending experience to guide you confidently from application to closing.
What is a COnventional Home Loan?
Springfield, Nixa, Ozark & Republic
A conventional loan is a mortgage that isn’t insured or guaranteed by the federal government. These loans follow the guidelines set by Fannie Mae and Freddie Mac, offering borrowers flexibility and competitive interest rates.
Because they’re not government-backed, conventional loans may require higher credit scores or down payments, but they often reward financially stable borrowers with better terms and long-term savings.
In addition to Springfield and Southwest Missouri, our team proudly serves homebuyers across most U.S. states. We are licensed to originate loans in North Carolina, Virginia, Florida, Texas, Georgia, Illinois, Ohio, Pennsylvania, Oklahoma, Oregon, Tennessee, South Carolina, and many more.
Benefits of conventional Home Loans in Springfield
Competitive rates
Market-based interest rates that keep payments manageable.
flexible loan terms
Choose 15, 20, or 30-year options to suit your goals.
no upfront funding fee
Unlike FHA or VA loans, conventional mortgages don’t include an additional funding fee.
no PMI with 20% down
Private Mortgage Insurance can be removed once you reach 20% equity.
Use for many property types
Great for primary residences, vacation homes, or investment properties.
Who Qualifies for Conventional Loans?
Springfield's Trusted Mortgage Provider
If you’re unsure whether a conventional loan is right for you, Lower® Mortgage Key & Compass Team will review your situation, compare options, and help you choose the best path forward. Conventional home loans are ideal for borrowers who:
Have a credit score of 620 or higher
Can make a minimum 3% down payment (higher for some property types)
Maintain steady income and employment
Have a reasonable debt-to-income ratio
"Shay and her team were extremely knowledgeable."
"Shay and her team were extremely knowledgeable."
— Bryanplanck
"Shay and her team were extremely knowledgeable, laid back, conversational, and made us feel at home."
— Bryan P
"I had the pleasure of working with Shay, who led her team during my home-buying process."
— Sarah T
"I had an amazing experience and being a first time home buyer it was great."
— Jeffery B
Why Trust the Lower Mortgage® Key & Compass Team
Springfield, Ozark, Nixa, and Surrounding Areas
Clients choose us for our honesty, communication, and ability to make the lending process feel seamless—from pre-approval to closing day.
5-Star Rated on Google with consistently positive client experiences.
4.87 Stars on Experience.com from more than 80 verified reviews.
Ranked in the Top 5% of Mortgage Professionals Nationwide.
Local Expertise in Springfield and surrounding housing markets.
Transparent Communication from start to finish.
Realtor and Lender Collaboration for a smooth home-buying experience.
Fast Pre-Approvals and Closings to help you move quickly.
Customized Loan Strategies tailored to your financial goals.
Trusted by Missouri Homebuyers for honesty, integrity, and consistent results.
States We Serve
Licensed Mortgage Services in Missouri and Nationwide
Regardless of where you are located, our team provides the same dedicated service and streamlined process nationwide.
Alabama
Arkansas
California – DFPI
Colorado
Connecticut
Delaware
Florida
Georgia
Illinois
Indiana – DFI
Iowa
Kansas
Massachusetts
Missouri
North Carolina
Ohio
Oklahoma
Oregon
Pennsylvania
South Carolina – BFI
Tennessee
Texas – SML
Virginia
Vermont
Contact us
3745 S Fremont Ave STE B Springfield, MO 65804
(Branch NMLS #2634589)
Loans & Financing: (417) 849-2430
Real Estate Sales: (417) 895-9681
Hours: M-F 8-5pm
social media
Springfield Nixa Ozark Republic Willard Marshfield
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© 2025 Lower Holding Company. Lower is a family of companies. Lower® and its DBAs (10th Mortgage; Alderus Mortgage; AMSW Lending; Banner Mortgage; Cabrales Mortgage; Community Lending; Fairfax Mortgage; First Trust Mortgage Company; First World Home Loans; Hamilton Home Mortgage; Heckman Mortgage; Home Team Lending; Homeside; Homeside Financial; Key Mortgage Group; Legendary Mortgage; Lower; Lower Mortgage, LLC; Lower.com; Lower.com, LLC; LOWERDOTCOM, LLC; McCaughan Home Lending; Oxford Home Lending; PowerPRO Mortgage; PowerTPO; Premier Nationwide Lending; Sky Mortgage Group; Thrive Mortgage; True Lending; Universal Lending Home Loans; Yes Mortgage.) provide home loans; Lower Realty, LLC provides real estate services; Homeside Insurance Services, LLC facilitates shopping experience for homeowner’s insurance policies. All rights reserved. Conducts business as “Lower.com, LLC” in Kentucky, Minnesota, Oklahoma, and Washington in lieu of Lower, LLC. Conducts business as “Lowerdotcom, LLC” in Montana in lieu of Lower, LLC.
All loans are subject to underwriting or investor approval. Some restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines and products subject to change. Rates and terms may vary depending upon risk analysis, collateral, and other factors. The USDA Program is for primary residence only and Income and Geographic limits apply. Zero Down VA loans are subject to Veteran’s full eligibility. For licensing information, go to: www.nmlsconsumeraccess.com.
Home lending products offered by Lower | 5950 Symphony Woods Road, Suite 312, Columbia, MD 21044
Disclaimers
You are under no obligation to use Lower, LLC as your mortgage lender or to work with the same individual for both mortgage and real estate services. You may request reassignment of your loan application or seek financing from any lender of your choice. Compensation for mortgage and real estate services is received separately for bona fide work performed, and this arrangement does not limit your ability to choose your own real estate agent or lender.
You are under no obligation to use Lower, LLC for your mortgage needs or to work with any real estate agent listed on this page. You are free to shop for and select both real estate agents and mortgage lenders of your choice at any time.
Shayla Morton, NMLS ID #2172921, MA License # MLO2172921 – Lower® Mortgage, Equal Housing Opportunity, NMLS ID #1124061 — Licensed Realtor, Valiant Group, RE #2025030602