The Best Mortgage Lenders in Charleston, MS
Compare verified mortgage lenders serving Charleston, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Charleston
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly regarded for its exceptional customer service, competitive rates, and extensive loan options. With a strong local presence in North Mississippi, including service to Charleston, they are known for their personalized approach and fast processing times. Their team of experienced loan officers provides expert guidance for first-time homebuyers and refinancing, backed by numerous positive reviews highlighting reliability and community commitment.
Loan Types:
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans offers a wide range of mortgage products with a focus on customer satisfaction and flexible solutions. Serving the Charleston area from their Memphis office, they are praised for their efficient loan processing and competitive rates. With a reputation for transparency and support throughout the homebuying process, they have built strong relationships in the Mid-South region, making them a top choice for local borrowers.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is renowned for its fast closings, personalized service, and community involvement. They serve Charleston and surrounding areas with a variety of loan options tailored to individual needs, including programs for first-time homebuyers. Their high customer ratings reflect a commitment to excellence, with many reviews praising their responsive team and competitive rates, making them a trusted lender in Mississippi.
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Frequently Asked Questions
Common questions about mortgage lending in Charleston, MS
What are the current average mortgage rates for homebuyers in Charleston, MS?
Mortgage rates in Charleston typically align with national averages but can be slightly higher due to the rural nature of Tallahatchie County. As of recent data, 30-year fixed rates generally range from 6.5% to 7.25%, though individual rates depend heavily on credit score and down payment. Local lenders like Planters Bank and Trust or regional credit unions often offer competitive rates for Charleston residents.
Are there any first-time homebuyer programs specifically available in Charleston?
Yes, the Mississippi Home Corporation (MHC) offers several first-time homebuyer programs accessible to Charleston residents, including the Mortgage Credit Certificate (MCC) and Down Payment Assistance programs. These programs can provide tax credits and help with closing costs, which is particularly valuable in Charleston's affordable housing market where median home prices are below state averages.
How does Charleston's rural location affect the mortgage process compared to larger Mississippi cities?
Charleston's rural setting means fewer local lenders and potentially longer processing times for appraisals and inspections, as specialists may need to travel from nearby areas like Batesville or Clarksdale. However, the lower property values in Charleston often mean smaller loan amounts and potentially easier qualification standards. USDA loans are particularly relevant here since most of Tallahatchie County qualifies for USDA rural development loans with zero down payment options.
What special considerations should I know about property taxes when getting a mortgage in Charleston?
Tallahatchie County property taxes are relatively low compared to urban areas in Mississippi, typically around 0.6-0.8% of assessed value. When calculating your mortgage payment, lenders will escrow for these taxes, but the lower rates mean your overall monthly payment will be more affordable. First-time buyers should note that Mississippi offers homestead exemption for primary residences, which can further reduce your tax burden.
Are there any local down payment assistance programs available specifically for Charleston homebuyers?
While Charleston itself doesn't offer city-specific programs, Tallahatchie County residents can access the MHC Smart6 Solution program which provides up to $6,000 in down payment assistance. Additionally, many local employers including the school district and manufacturing plants may offer employer-assisted housing programs. USDA loans remain the most popular zero-down option given Charleston's rural designation.
Why Choose a Mortgage Lender in Charleston?
Local Market Knowledge
Lenders who understand Charleston'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 Charleston and get competitive rates on your home loan.