The Best Mortgage Lenders in Biloxi, MS
Compare verified mortgage lenders serving Biloxi, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Biloxi
Featured Mortgage Lenders
Keesler Federal Credit Union
Keesler Federal Credit Union
As one of Mississippi's largest and most respected credit unions, Keesler Federal has served the Biloxi-Gulfport area for over eight decades. They consistently receive exceptional ratings for their personalized mortgage services, competitive rates, and deep community involvement. Specializing in VA loans makes them particularly valuable for military families at Keesler Air Force Base. Their local loan officers provide in-person consultations and understand the unique coastal Mississippi housing market.
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Trustmark National Bank
Trustmark National Bank Mortgage Division
Trustmark has been a cornerstone of Mississippi banking for over a century with multiple branches throughout Biloxi and the Gulf Coast region. Their mortgage team receives high marks for local decision-making, competitive fixed rates, and extensive experience with coastal property financing. As a community-focused bank, they offer personalized service and understand the specific needs of Biloxi homeowners, including flood insurance requirements and coastal construction considerations.
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Guild Mortgage Company
Guild Mortgage Company - Gulfport Branch
Guild Mortgage maintains a strong presence along the Mississippi Gulf Coast with their Gulfport office serving Biloxi residents. They consistently earn top ratings for their exceptional customer service and wide variety of loan programs. As a mortgage-focused company rather than a traditional bank, they offer specialized expertise and have been recognized nationally for their service excellence. Their local loan officers are praised for guiding borrowers through the entire process and offering competitive rates for both purchase and refinance transactions.
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Frequently Asked Questions
Common questions about mortgage lending in Biloxi, MS
Are there any special mortgage considerations for buying a home in Biloxi's flood zones?
Yes, due to Biloxi's coastal location and hurricane risk, most lenders will require flood insurance in addition to standard homeowners insurance. Properties in Special Flood Hazard Areas (SFHAs) typically require this coverage, which can add $500-$2,000+ annually to your housing costs. Your lender will help determine flood zone requirements during the appraisal process.
What first-time homebuyer programs are specifically available in Biloxi, MS?
Biloxi homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate (MCC) program, which provides a federal tax credit up to $2,000 annually. Additionally, the Smart6 Solution program offers down payment assistance up to 6% of the loan amount for qualified buyers in Harrison County, making homeownership more accessible in the Biloxi market.
How do Biloxi's property tax rates affect mortgage payments?
Biloxi's property tax rates in Harrison County are relatively low compared to national averages, currently around 0.63% of assessed value. This means your escrow payments for property taxes will be more affordable than in many other regions. However, coastal properties may have slightly higher assessments due to location premiums.
What are typical mortgage rates and terms available from Biloxi-area lenders?
Biloxi borrowers typically find rates competitive with national averages, with local credit unions and community banks often offering particularly favorable terms. Many Biloxi lenders have experience with coastal property financing and may offer specialized products, though rates can vary based on property elevation and flood risk assessment.
Are there special loan programs for purchasing or rebuilding hurricane-damaged properties in Biloxi?
While FHA 203(k) rehabilitation loans are available for damaged properties, Biloxi-specific programs like the Mississippi Development Authority's Homeowner Assistance Program occasionally offer grants for storm-related repairs. Many local lenders also have experience with post-disaster financing and can guide you through the unique requirements for coastal property rehabilitation.
Why Choose a Mortgage Lender in Biloxi?
Local Market Knowledge
Lenders who understand Biloxi'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 Biloxi and get competitive rates on your home loan.