The Best Mortgage Lenders in Cary, MS
Compare verified mortgage lenders serving Cary, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cary
Featured Mortgage Lenders
Mortgage Department
BankPlus
BankPlus is a highly-rated regional financial institution with deep roots in the Mississippi Delta region, serving Cary and surrounding areas for over a century. They maintain excellent customer satisfaction ratings for their mortgage services, offering personalized attention and competitive rates. As a community-focused bank with multiple branches throughout the region, they provide local decision-making and understand the unique needs of rural Mississippi homebuyers. Their mortgage team has extensive experience with USDA rural development loans, which are particularly relevant for the Cary area.
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Mortgage Loan Officers
Churchill Mortgage
Churchill Mortgage has built an outstanding reputation throughout Mississippi for their exceptional customer service and mortgage expertise. While based in Jackson, they actively serve clients throughout the state including the Cary area. They are particularly noted for their educational approach to the mortgage process, helping borrowers understand all options thoroughly. With high ratings across multiple review platforms, they consistently receive praise for their transparency, communication throughout the loan process, and competitive rate offerings for both purchase and refinance transactions.
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Mortgage Services
Trustmark National Bank
Trustmark National Bank is one of Mississippi's most established and respected financial institutions with comprehensive mortgage services available throughout the state. They have extensive experience serving rural communities like Cary and understand the specific financing needs of the Mississippi Delta region. Trustmark offers a wide range of mortgage products with competitive rates and has built a strong reputation for reliability and professional service. Their local loan officers provide personalized attention and have particular expertise with agricultural and rural property financing, making them an excellent choice for Cary area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Cary, MS
What are the current mortgage rates like for homebuyers in Cary, MS?
Mortgage rates in Cary are typically competitive with national averages, but local lenders may offer slightly different terms based on property location and borrower qualifications. As a rural community, rates can be influenced by local economic factors, so it's wise to compare offers from both local Mississippi banks and national lenders. Current rates for conventional loans in the area generally range from the mid-6% to low-7% range.
Are there any first-time homebuyer programs specifically available in Cary, MS?
Yes, Cary homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit for a portion of mortgage interest paid. Additionally, the MHC's Down Payment Assistance program offers up to $6,000 in help for qualified buyers. These programs are particularly valuable in Cary's affordable housing market where median home prices are below state averages.
How does Cary's rural location affect the mortgage process?
Cary's rural setting can impact appraisals since comparable properties may be limited, potentially requiring appraisers to look at nearby towns like Charleston or Grenada. Some lenders may have specific requirements for rural properties, including well and septic inspections. However, USDA loans are an excellent option here since most of Cary qualifies for this zero-down-payment program designed for rural areas.
What types of properties in Cary might qualify for USDA loans?
Most single-family homes in Cary qualify for USDA loans since the town meets population requirements for rural designation. These loans are ideal for the area because they require no down payment and offer competitive rates. Properties must meet basic safety and habitability standards, and the program is income-qualified, making it accessible for many Cary residents.
Are there any local considerations for flood insurance in Cary mortgages?
While Cary isn't in a high-risk flood zone overall, some properties near the Tallahatchie River may require flood insurance. Lenders will review FEMA flood maps during the mortgage process to determine requirements. Even if not mandated, given Mississippi's weather patterns, many Cary homeowners opt for flood insurance for additional protection, typically costing $400-$700 annually.
Nearby Cities
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Why Choose a Mortgage Lender in Cary?
Local Market Knowledge
Lenders who understand Cary'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 Cary and get competitive rates on your home loan.