Your Local Mortgage Lender

Located in Springfield, Missouri

Personalized Mortgage Experience

Mitchell Scott offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.

With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.

Let us help you achieve your homeownership dreams!

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 Springfield, 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

Mitchell Scott Talks Southwest Missouri Real Estate Market and Buyer Opportunity With Realtor Traci Malson

Mitchell Scott Talks Southwest Missouri Real Estate Market and Buyer Opportunity With Realtor Traci Malson

October 14, 2026•7 min read

From Cleaning Business Owner to Real Estate Agent and Why the Timing Could Not Have Been Better

Mitchell Scott at CrossCountry Mortgage sat down with Traci Malson, realtor with EXP Realty in the southwest Missouri area, for a conversation about what is actually happening in the local market right now, why this moment represents a genuine opportunity for buyers who are paying attention, and what drove a serial entrepreneur who built and sold a cleaning business to finally pursue the real estate career she had wanted since she was young.

Traci built Traci’s Classy Cleaning over nearly five years, then launched an epoxy flooring company alongside her husband, and recently sold the cleaning business. When the sale aligned with the timing of getting her real estate license everything fell into place at once. She was done with physical labor that left her spent by the end of the day and ready to put her brain to work in a way that physical businesses never fully allowed.

The draw to real estate started years earlier. Spending years cleaning different homes gave Traci a unique window into how people live, how they use their spaces, and what makes a house feel like a home. She wanted to be the person who helped families find their next chapter rather than just witnessing the spaces where those chapters played out.

Choose Your Level of Hard

One of the most useful frames Traci brings to the conversation about the current market is her perspective on difficulty. She is not interested in waiting for perfect conditions because she does not believe perfect conditions exist. What she believes in is choosing which level of difficult you are willing to face and then navigating it with the right people.

High rates paired with lower prices presents one kind of difficult. Low rates paired with bidding wars and paying over asking presents a different kind of difficult. Neither is inherently better or worse. The question is which version of difficult makes the most sense for a specific buyer in a specific life situation and whether that buyer has the right team around them to navigate whatever the market is actually doing.

Mitchell echoes this. He has said it consistently to buyers throughout his ten years in the industry. You cannot time the market. Economists, loan officers, and realtors can identify trends and make educated observations but nobody can predict with certainty what rates or prices will do. The more useful question is whether this is a good time for you specifically, whether the payment fits your budget, and whether your life circumstances are pointing you toward buying rather than waiting.

What the Southwest Missouri Market Is Actually Doing Right Now

Traci is seeing significant price reductions on genuinely attractive homes. Not cosmetic reductions on properties that need work. Real ten and fifteen thousand dollar drops on fully remodeled homes where sellers need to move and are willing to negotiate to make it happen. Those kinds of reductions produce a real difference on the loan amount and on the total interest cost over time.

Mitchell frames this for buyers who have been saying they wish they had bought when prices were lower. In many cases the combination of price reductions in today’s market and sellers’ willingness to negotiate on concessions is producing an opportunity that looks a lot like buying at last year’s pricing. You cannot go back and buy a house at a price it no longer is. But in the current southwest Missouri market some buyers are finding properties priced close enough to what they missed that the regret of waiting becomes relevant in a new way.

Inventory is returning to pre-COVID levels. The frantic pace of homes moving within hours of listing has been replaced by a market where buyers can be selective, take time to find the right fit for their family, and still negotiate effectively because sellers are not receiving the volume of competing offers they were seeing two and three years ago.

When rates do come down that dynamic will shift. More buyers will enter the market simultaneously, competition will increase, and offers will start climbing again. The negotiating leverage that exists right now belongs to today’s buyer. It does not follow anyone into the lower-rate market they are waiting for.

An Affordable Housing Project Worth Knowing About

Traci shares something she came across through local networking that Mitchell had not yet heard about. A land developer in the Rockaway Beach and Marion Woods area is purchasing land and partnering with a manufactured home company to provide entry-level homeownership opportunities for first-time buyers who may not qualify for a traditional mortgage on a more expensive property.

The target price point is around one hundred thousand dollars with payments designed to be lower than what many of these buyers are currently paying in apartment rent. The project is also being paired with first-time homebuyer education covering credit, employment history, and what the process of purchasing a home actually requires so the transaction does not feel overwhelming or out of reach for people who have never done it before.

The goal is not just to sell homes. It is to create a pathway for people from lower income backgrounds who want homeownership but have not had someone to show them how to get there.

On Fear and Taking the First Step

Both Mitchell and Traci circle back to fear throughout the conversation in ways that feel genuine rather than scripted. Traci has overcome significant personal challenges in her life and draws directly on those experiences when she talks about helping clients take a step they are afraid to take. Her message is direct. You are not going to think your way out of being afraid. You are only going to do your way out of it. Ask the questions. Find the people who know what they are doing. Take the step. The fear gets smaller every time.

Mitchell tells his own children the same thing when they are scared to try something. The only way to not be afraid of doing something is to go do it. That applies directly to buyers who have been watching the market, worrying about making the wrong call, and finding reasons to wait another month. Having a team of professionals they trust to walk alongside them does not eliminate the uncertainty but it does make the step manageable in a way it is not when someone is trying to figure it out alone.

The EXP Team Environment

Traci describes what working within the EXP community looks like for her practically. When she encounters a scenario she has not seen before she puts it in a group chat and gets responses from agents who have handled similar situations from different angles. The collective experience of the group becomes available to her client even when any individual agent would not have had the answer on their own. She has come in knowing nothing by her own admission and has committed to asking ten people if that is what it takes to get the right answer for whoever she is working with.

Mitchell notes the same dynamic on the lending side at CrossCountry. No single professional knows everything but a team of loan officers, processors, and underwriters working together can figure out nearly any situation given enough time and enough collaboration. The goal in both cases is not showing what the professional knows. It is making sure the individual buyer or seller gets taken care of.

How to Reach Traci Malson

Call or text 916-547-1675. Email [email protected]. Visit tracicox.exprealty.com. Find her on Instagram at instagram.com/realtywithtraci and on Facebook at facebook.com/share/1Ge1AwBy7y. She is active on both platforms and responds quickly.

Mitchell Scott at CrossCountry Mortgage in Springfield Missouri is available to run financing scenarios for any buyers Traci is working with in the southwest Missouri area. Reach out to either of them to start the conversation about what the current market actually means for your specific situation.


Sources

MissouriRealtors.com
NAR.realtor
MortgageNewsDaily.com
ConsumerFinancialProtectionBureau.gov
Investopedia.com

blog author avatar

Mitchell Scott

mortgage lender

Back to Blog

Mortgage Calculator

See your total mortgage payments using the tool below.

16.67
%
%
years
$/year
%
$/year
$1,685.20
Your estimated monthly payment with PMI.
PMI:
$208.33
Monthly Tax Paid:
$200.00
Monthly Home Insurance:
$83.33
PMI End Date:
Dec 2027
Total PMI Payments:
27
Monthly Payment after PMI:
$1,476.87
🏠Mortgage Details
Loan Amount:
$250,000.00
Down Payment:
$50,000.00 (16.67%)
Total Interest Paid:
$179,673.77
Total PMI to :
$5,416.67
Total Tax Paid:
$72,000.00
Total Home Insurance:
$30,000.00
Total of 360 Payments:
$537,298.77
Loan pay-off date:
Sep 2055
⚖️Monthly Vs Bi-Weekly Payment
$1,476.87
Monthly Payment
Sep 2055
Pay-off Date
$179,673.77
Total Interest Paid
$738.44
Bi-weekly Payment
Aug 2051
Pay-off Date
$151,482.12
Total Interest Paid
Total Interest Savings: $28,191.64
Yearly Amortization Schedule
Year Interest Principal Balance
company logo
The High Desert Group Logo

Social Media Links

Instagram

YouTube

Contact Us

(417) 343-2164

1911 South National Avenue Ste 104 Springfield Missouri 65804

Copyright 2026. All rights reserved. Mitchell Scott NMLS #1313748 | Cross Country Mortgage NMLS #3029 | Equal Housing Opportunity | Equal Housing Lender