Bruce Monroe Gershman Mortgage

Bruce Monroe Gershman Mortgage Bruce Monroe NMLS # 336141
Gershman Mortgage
1557 E. Primrose Suite 100
Springfield, Mo 65804
Gershman Mortgage NMLS #138063
Equal Housing Lender.

I sincerely care about my clients and how I can help them obtain their goals. I will work tirelessly for my customers until I’m successful in getting them the best loan to suit their needs. I’ve had the pleasure of doing this since 2010.I am an affiliate of the Greater Springfield Board of Realtors, and I am a supporter of The Shriners Hospital for Children.

Rate locks. Here's what I want every buyer to know:-Locking means your rate is protected for a set window of time-Waitin...
09/02/2026

Rate locks. Here's what I want every buyer to know:

-Locking means your rate is protected for a set window of time
-Waiting too long can mean the number you budgeted for changes
-Nobody can predict the market with one hundred percent certainty, not me, not anyone!

I'm not going to pretend I have a crystal ball. What I will do is help you understand your options so you can make a decision that feels good, not stressful. Buying a home should not feel like a guessing game.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

Every first-time buyer I sit down with asks me some version of the same question: how much house can I actually afford?H...
08/26/2026

Every first-time buyer I sit down with asks me some version of the same question: how much house can I actually afford?

Here's what I tell them matters more than the number on your approval letter:

What you're comfortable paying monthly, not just what you qualify for
Your other financial goals, savings, travel, retirement, don't disappear because you bought a house
Life changes: a new job, a baby, a slower season at work

I'd rather walk you through your real numbers before you fall in love with a house that stretches you too thin. That's the kind of resource I want to be for you, and for the people who send their friends and family my way.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

People assume their interest rate is out of their hands, set by the news and nothing else. Some of it is. A good amount ...
08/19/2026

People assume their interest rate is out of their hands, set by the news and nothing else. Some of it is. A good amount of it isn't.

Your credit profile, your loan type, your down payment, and how long you plan to lock your rate all factor in. VA loans in particular often come in competitively against conventional rates, which surprises people who assume VA means more paperwork but not necessarily a better number.

If you want to know what actually moves your rate up or down before you lock anything in, let's sit down and go through your specific numbers in Springfield, Missouri. It's more in your control than most people realize.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

Appraisal, inspection, people genuinely think these are the same word said twice. They are not, and I want you walking i...
08/12/2026

Appraisal, inspection, people genuinely think these are the same word said twice. They are not, and I want you walking into this knowing the difference!

Appraisal is for the lender. It's about the number, making sure the home is worth what you're paying.

Inspection is for you. It's about the details, the stuff you actually want to know before you commit to a house for the next chunk of your life.

One is required. One is optional but honestly non-negotiable in my opinion.

If you're buying in Lincoln, Nebraska and want to understand what each one is actually protecting you from, let's talk it through before you're deep in a contract feeling confused.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

A lot of veterans assume they need a near-perfect credit score to use their VA loan. That's one of the most common myths...
08/05/2026

A lot of veterans assume they need a near-perfect credit score to use their VA loan. That's one of the most common myths out there.

VA loans are actually more forgiving on credit than most conventional loans, and a lower score doesn't automatically mean a higher rate the way it does with other loan types. What matters more is your recent payment history and how you've handled credit over the last twelve to twenty-four months.

If you've been assuming your credit disqualifies you, it's worth getting the actual answer instead of guessing. Call me and let's look at where you really stand.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

Pre-qualified and pre-approved get treated like the same thing constantly. They're not, and the difference matters more ...
07/29/2026

Pre-qualified and pre-approved get treated like the same thing constantly. They're not, and the difference matters more than people think.

A pre-qualification is a quick estimate based on what you tell me. A pre-approval means I've actually verified your income, your credit, and for VA buyers, your Certificate of Eligibility, and I've committed to a number in writing.

In this Springfield, Missouri market, a real pre-approval is what gets a seller to take your offer seriously, especially when you're using a VA loan and want to compete with a conventional buyer. If you're getting ready to start touring houses, let's get you the real thing first, not just an estimate.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

Closing costs are one of those things that can feel like they came out of nowhere if nobody walked you through them earl...
07/01/2026

Closing costs are one of those things that can feel like they came out of nowhere if nobody walked you through them early enough. And that is exactly why I bring it up in the very first conversation!

When you apply for a loan, you will receive a Loan Estimate that breaks down what your closing costs are expected to look like. Then about a week before closing, you will get a Closing Disclosure with the final numbers so you know exactly what to prepare for before you ever sit down at that table.

Closing costs cover things like title work, lender fees, and prepaid taxes and insurance. Generally somewhere between two and five percent of your loan amount. Not a small number, which is precisely why you should never be hearing about it for the first time at the end.

You deserve a clear picture from the very beginning! We'll walk you through everything.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

Before your lender will finalize your loan, they need to confirm one thing.Is this home actually worth what you are payi...
06/24/2026

Before your lender will finalize your loan, they need to confirm one thing.

Is this home actually worth what you are paying for it?

That is what an appraisal is. A licensed, independent appraiser visits the property, evaluates it, and comes back with a value based on the home's condition and what similar homes nearby have sold for recently.

If it comes in at or above your purchase price, you keep moving. If it comes in lower, you have options and we work through them together. It is one of those steps that sounds intimidating until someone explains what it actually is.

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

You found the house! Your offer got accepted! You are officially under contract! And now everyone around you is asking h...
06/17/2026

You found the house! Your offer got accepted! You are officially under contract! And now everyone around you is asking how it is going and you have absolutely no idea what is happening or how long any of this takes.

Been there. Let me break it down for you. Here is what the next 30 to 45 days generally look like:

-Home inspection happens first, usually within the first week, so you know exactly what you are walking into
-Appraisal gets ordered to confirm the home is worth what you are paying for it
-Your loan file moves into underwriting, where everything gets reviewed and verified
-Your lender may come back with conditions, which are just additional documents or clarifications they need
-Once everything is satisfied, you get cleared to close and you schedule your closing date
-Then you show up, you sign a truly unreasonable amount of paperwork, and you walk out with keys to your home

The whole thing can feel like a lot when you are in it. That is why I stay in communication with my buyers throughout the entire process, because you should never feel like you are waiting in the dark wondering what is happening.

I am your guide from start to finish!

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

I want to tell you something that I genuinely believe gets people into financial stress that could have been avoided.You...
06/10/2026

I want to tell you something that I genuinely believe gets people into financial stress that could have been avoided.

Your pre-approval amount is not necessarily your shopping budget....

I know that sounds counterintuitive. You went through the whole process, you got a letter with a number on it, and now you are supposed to just... not use that number? But here is the thing. That letter was calculated based on ratios and guidelines. It was not calculated based on your yoga membership, your kids' travel baseball league, your desire to actually take a vacation sometimes, or the fact that you like to eat real food and not just survive on whatever costs nothing.

When I work with buyers, we have a real conversation about what a monthly payment actually feels like in the context of your whole life. Because I would rather help you buy a home that gives you breathing room than watch you stretch into something that keeps you up at night.

Homeownership should feel like freedom, not a financial trap you cannot get out of!

Bruce Monroe | Loan Officer
M: 417-880-5937 | W: bmonroe.gershman.com

Address

1557 E. Primrose Street Suite 100
Springfield, MO
65804

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+14178880320

Website

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