The Best Mortgage Lenders in Ashland, MS
Compare verified mortgage lenders serving Ashland, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ashland
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is a top-rated national lender with a strong local presence in Northern Mississippi, including Ashland. Founded in 2008, they are renowned for their "On-Time Closing Guarantee" and exceptional customer service, with numerous awards for customer satisfaction. Their local Oxford branch provides personalized service, competitive rates, and a wide range of loan options, making them a trusted choice for homebuyers in rural and suburban areas. They actively participate in community events and have a reputation for transparency and reliability.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly respected lender with deep roots in Mississippi, serving Ashland and surrounding areas since 1996. They consistently earn top ratings for their competitive rates, efficient processing, and dedicated local team in Tupelo. With over 28 years of experience, they specialize in first-time homebuyer programs and offer a broad portfolio of loan products. Their commitment to community involvement and high customer satisfaction scores makes them a preferred lender for many in Benton County and beyond.
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Supreme Lending
Supreme Lending
Supreme Lending is a nationally recognized mortgage company with a regional office in Memphis that actively serves Ashland, Mississippi. Founded in 1999, they boast 25 years of experience and are praised for their flexible loan options and expert guidance. Their high customer ratings stem from a focus on personalized service, fast closings, and competitive rates. As a member of the Mississippi Mortgage Bankers Association, they maintain strong local ties and are known for their reliability in serving both urban and rural communities.
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Frequently Asked Questions
Common questions about mortgage lending in Ashland, MS
What are the current average mortgage rates for homebuyers in Ashland, MS?
Mortgage rates in Ashland typically align with national averages but can vary based on local lenders and property types. As of recent data, 30-year fixed rates in Benton County generally range from 6.5% to 7.5%, though rural properties might see slightly higher rates. It's best to check with local Ashland lenders like First State Bank or regional credit unions for the most accurate, personalized rates.
Are there any first-time homebuyer programs specifically available in Ashland?
Yes, Ashland homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the MHC Down Payment Assistance program offers up to $6,000 in help for eligible buyers in Benton County. Local lenders often have specific first-time buyer programs with lower down payment requirements tailored to Ashland's market.
How does Ashland's rural location affect mortgage lending and property appraisal?
Ashland's rural setting means appraisals might take longer due to fewer comparable sales, and some lenders may require additional property inspections for older homes. USDA loans are particularly popular here since most of Benton County qualifies for these zero-down-payment rural development loans, making them an excellent option for eligible Ashland buyers.
What types of properties typically qualify for USDA loans in Ashland?
Most residential properties in and around Ashland qualify for USDA loans since Benton County is designated as rural by the USDA. This includes single-family homes, townhomes, and approved condos, provided they meet USDA property standards and are located within eligible areas. The USDA's online eligibility map confirms specific properties qualify for these advantageous zero-down-payment loans.
Are there local mortgage lenders in Ashland who understand the specific market conditions?
Yes, several local institutions like First State Bank and Community Bank of North Mississippi have branches in or near Ashland and understand the local real estate dynamics. These lenders are familiar with Benton County's property values, seasonal market fluctuations, and can provide personalized service that national lenders might not offer for Ashland's unique housing market.
Why Choose a Mortgage Lender in Ashland?
Local Market Knowledge
Lenders who understand Ashland's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Mississippi.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Ashland and get competitive rates on your home loan.