FHA Loans
In Springfield, MO & Nationwide
Looking to buy your first home or keep monthly payments affordable? FHA loans are one of the most popular financing options for homebuyers in Springfield, Nixa, Ozark, and across Missouri. Backed by the Federal Housing Administration, FHA loans are designed with flexible credit requirements and low down payment options. That makes them a great fit for first-time homebuyers, growing families, and anyone who needs a more affordable path to homeownership.
At the Lower Mortgage® Key & Compass Team, we’re licensed in most U.S. states and proudly help FHA borrowers nationwide.
How FHA Home Loans Work
Springfield, Nixa, Ozark & Republic
FHA loans are insured by the Federal Housing Administration, which allows lenders to offer more favorable terms to borrowers. With as little as 3.5% down, buyers can enter the market sooner while keeping monthly payments lower than many conventional loan options.
Minimum credit scores often lower than other loan types
Flexible debt-to-income ratios
Competitive interest rates
Down payments as low as 3.5%
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.
Key Benefits of FHA Home Loans
Low down payment options
Easier qualification standards
Fixed-rate and adjustable-rate options available
Ability to roll certain costs into the loan
Accessible to first-time buyers and repeat buyers alike
Who FHA Home Loans Are Best For
Springfield's Trusted Mortgage Provider
FHA loans may be a fit for a variety of buyers, including:
First-Time Homebuyers – Many first-time buyers in Springfield, Nixa, and Ozark consider FHA loans because of the lower minimum down payment and flexible credit requirements.
Borrowers with Limited Savings – If you don’t have a large amount set aside for a down payment, FHA financing may help you move forward with as little as 3.5% down (with qualifying credit).
Families Managing Monthly Budgets – FHA’s structure can make monthly payments more manageable for households balancing mortgage payments alongside other expenses.
Buyers Rebuilding Credit – FHA loans may allow borrowers with less-than-perfect credit histories to qualify when conventional loans are out of reach.
Relocating Buyers in Missouri and Beyond – Families moving to Springfield, Joplin, or other Missouri communities — as well as clients purchasing in other states where we are licensed — often explore FHA as a versatile option.
Repeat Buyers – FHA loans are not limited to first-time homeowners; repeat buyers may also qualify if the property will be used as their primary residence.
"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
Choosing a mortgage is one of the biggest financial decisions you’ll ever make. That’s why it’s important to work with a team that combines local insight with national reach. With the Lower Mortgage® Key & Compass Team, you’ll have a trusted partner who is focused on providing reliable guidance from application through closing.
Experienced Guidance – Our team has worked with buyers across Springfield, Nixa, Ozark, Branson, and nationwide, helping clients explore loan options that match their goals.
Clear Communication – We take the time to explain loan programs in plain language so you always understand the next step in the process.
Local + Nationwide Licensing – Based in Springfield, Missouri, we’re licensed to serve clients in many states, so we can assist whether you’re buying close to home or relocating.
Personalized Support – Every borrower’s situation is different. We review your circumstances and help you compare programs that may be a good fit.
Commitment to Compliance – As part of Lower Mortgage®, we follow strict industry standards to ensure accuracy, fairness, and transparency.
States We Serve
Licensed Mortgage Services in Missouri and Nationwide
Whether you’re a first-time buyer in Springfield, refinancing in North Carolina, or purchasing an investment property in Texas, 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
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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