The Best Mortgage Lenders in Como, MS
Compare verified mortgage lenders serving Como, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Como
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and efficient loan processing. With a strong regional presence in Northern Mississippi, they specialize in serving rural areas like Como and offer a wide range of loan products. Their high customer satisfaction scores and dedication to community involvement make them a reliable choice for homebuyers in the area.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly regarded for its personalized service, extensive loan options, and strong track record in Mississippi. They have a local office in Tupelo and actively serve Como and surrounding communities, with a reputation for transparency and helping clients secure favorable terms. Their long-standing experience and high customer ratings reflect their commitment to excellence in mortgage lending.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage offers a comprehensive suite of mortgage products with a focus on customer-centric service and competitive rates. They have a solid presence in Mississippi, including service to Como, and are praised for their knowledgeable loan officers and smooth closing processes. Their high review counts and years of experience demonstrate reliability and trustworthiness in the mortgage industry.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Como, MS
What are the current mortgage rates like for homes in Como, MS?
Mortgage rates in Como typically align with national averages but can be slightly higher due to the rural nature of the area and smaller local lender competition. As of recent trends, 30-year fixed rates in the Como area generally range from 6.5% to 7.5%, but it's best to check with local Mississippi lenders like Community Bank of Mississippi or regional credit unions for the most accurate, personalized rates.
Are there any first-time homebuyer programs specifically available in Como?
Yes, Como homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate (MCC) 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 $8,000 in help, which is particularly valuable in Como's affordable housing market where down payments can be a significant barrier.
How does Como's rural location affect the mortgage approval process?
Como's rural setting can impact appraisals since comparable home sales may be limited, potentially requiring appraisers to look at properties in surrounding Panola County areas. Some lenders might also have stricter requirements for rural properties, particularly if the home is on well and septic systems rather than municipal utilities, so working with local lenders familiar with these considerations is advantageous.
What types of properties are most common in Como's mortgage market?
Como's mortgage market primarily consists of single-family homes, many of which are older properties with historic character, and manufactured homes on owned land. USDA loans are particularly popular here since most of Como qualifies for USDA's rural development program, which offers 100% financing for eligible borrowers in designated rural areas.
Are there any local property tax considerations I should know about when getting a mortgage in Como?
Como homeowners benefit from Mississippi's relatively low property taxes, with Panola County rates typically around 0.6-0.8% of assessed value. However, it's important to note that Mississippi offers homestead exemption for primary residences, which can significantly reduce your tax burden - something your mortgage lender should factor into your overall affordability calculation.
Why Choose a Mortgage Lender in Como?
Local Market Knowledge
Lenders who understand Como'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 Como and get competitive rates on your home loan.