The Best Mortgage Lenders in Carrollton, MS
Compare verified mortgage lenders serving Carrollton, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Carrollton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years in business, they have a strong presence in Mississippi and serve Carrollton through local loan officers. They are highly regarded for their efficient processing, personalized approach, and wide range of loan options, earning numerous industry awards and high customer satisfaction scores.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly respected mortgage lender with a focus on diversity and community service. They have been in business for over 21 years and offer competitive rates and flexible loan programs. Serving Carrollton and surrounding areas, they are praised for their responsive customer support, educational resources, and ability to handle unique financial situations, making them a reliable choice for homebuyers.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong regional presence, known for its fast closings and community involvement. Founded in 2008, they have built a reputation for transparency and customer-centric services. They actively serve Carrollton through online and local support, offering a variety of loan products and boasting high approval rates and satisfied client reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Carrollton, MS
What are the current average mortgage rates for homebuyers in Carrollton, MS?
Mortgage rates in Carrollton typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates in Carrollton range from 6.5% to 7.2%, though local credit unions like Peoples Bank often offer competitive rates. It's best to compare offers from multiple Carrollton lenders as rural Mississippi rates can sometimes be slightly higher than urban areas.
Are there any first-time homebuyer programs specifically available in Carrollton?
Yes, Carrollton homebuyers can access the Mississippi Home Corporation's Home in 5 program, which offers down payment assistance and competitive rates. Additionally, local lenders like Bank of Carrollton often have special first-time buyer programs with lower down payment requirements. These programs are particularly valuable given Carrollton's median home prices around $150,000.
How does Carrollton's rural location affect mortgage lending requirements?
Carrollton's rural designation can actually benefit borrowers through USDA Rural Development loans, which offer 100% financing with no down payment required. However, appraisals may require specialized rural property expertise, and some lenders might have stricter requirements for older homes common in Carrollton's historic districts. Local lenders familiar with Carroll County properties typically provide the smoothest process.
What special considerations should I know about when getting a mortgage for Carrollton's historic homes?
Financing historic homes in Carrollton's designated districts may require additional inspections and higher insurance premiums. Lenders often require specialized historic property appraisals, and you may need to use renovation loans like the FHA 203(k) for properties needing updates. Local lenders experienced with Carrollton's historic preservation requirements can guide you through this process.
Are there any local property tax considerations that affect mortgage payments in Carrollton?
Carrollton homeowners benefit from Carroll County's relatively low property tax rates, typically around 0.6% of assessed value. However, mortgage lenders will factor in annual tax increases and may require larger escrow accounts for properties with upcoming reassessments. First-time buyers should note that Carroll County offers homestead exemptions that can significantly reduce tax burdens.
Nearby Cities
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Why Choose a Mortgage Lender in Carrollton?
Local Market Knowledge
Lenders who understand Carrollton'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 Carrollton and get competitive rates on your home loan.