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Drew, MS

The Best Mortgage Lenders in Drew, MS

Compare verified mortgage lenders serving Drew, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
550+
Reviews
9
Loan Types

Available Loan Programs in Drew

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-Time Homebuyer
Reverse Mortgages
New Construction

Featured Mortgage Lenders

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.9/5

Fairway Independent Mortgage Corporation is highly regarded for its exceptional customer service and competitive mortgage rates, with a strong presence in Mississippi. They specialize in a wide range of loan products and are known for their efficient, personalized approach, making them a top choice for homebuyers in Drew and surrounding areas. Their long-standing reputation and high customer satisfaction scores underscore their reliability.

Experience:28 years
Reviews:180 customer reviews
100 Trade Street, Suite 100, Madison, MS 39110

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-Time Homebuyer
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2

New American Funding

New American Funding

★★★★☆
4.8/5

New American Funding is a top-rated lender known for its innovative technology and diverse loan options, including specialized programs for underserved communities. With a local office in Clinton, MS, they serve Drew effectively, offering competitive rates and outstanding customer support. Their high review counts and commitment to education and service make them a trusted partner for mortgages in the region.

Experience:21 years
Reviews:220 customer reviews
500 Clinton Center Drive, Suite 100, Clinton, MS 39056

Loan Types:

ConventionalFHAVAUSDAJumboReverse MortgagesRefinance
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3

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.7/5

Movement Mortgage is celebrated for its fast processing times and community-focused approach, with a strong regional presence in Mississippi. They offer a variety of loan types and are praised for their transparency and competitive rates. Serving Drew and nearby areas, their experienced team ensures a smooth mortgage experience, backed by numerous positive reviews and a dedication to customer satisfaction.

Experience:16 years
Reviews:150 customer reviews
1000 Highland Colony Parkway, Suite 5201, Ridgeland, MS 39157

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceNew Construction
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Frequently Asked Questions

Common questions about mortgage lending in Drew, MS

What are the current average mortgage rates for homebuyers in Drew, MS?

Mortgage rates in Drew 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 data, 30-year fixed rates in the Mississippi Delta region often range from 6.5% to 7.25%, but consulting with local credit unions or regional banks can provide the most accurate, personalized rates for Drew properties.

Are there any first-time homebuyer programs specifically available in Drew?

Yes, Drew homebuyers can utilize the Mississippi Home Corporation's Mortgage Credit Certificate (MCC) program, which provides a federal tax credit based on mortgage interest paid. Additionally, the MHC's Down Payment Assistance program offers up to $6,000 for eligible first-time buyers in Drew, helping with upfront costs that can be challenging in Sunflower County's market.

How does Drew's declining population affect mortgage lending and property values?

Drew's population decline has created a buyer's market with lower home prices, but lenders may be more cautious with appraisals and loan-to-value ratios. While you can find affordable properties, ensure your down payment is substantial (15-20% ideally) to offset any appraisal concerns and secure favorable loan terms from Mississippi-based lenders familiar with local market trends.

What special considerations should I know about getting a mortgage for Drew's older housing inventory?

Many homes in Drew were built before 1980, so lenders will require thorough inspections and may mandate repairs for FHA or VA loans. Consider a renovation loan like the FHA 203(k) if purchasing an older property, as this allows you to finance both purchase and repairs—particularly useful for Drew's historic but sometimes dated housing stock.

Are USDA rural housing loans available in Drew, and what are the benefits?

Yes, Drew qualifies for USDA loans due to its rural designation, offering 100% financing with no down payment required. This is particularly advantageous given Drew's median income levels, as eligible buyers can purchase with lower monthly payments than conventional loans. Local USDA-approved lenders can help determine income eligibility and property requirements specific to Sunflower County.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Drew, Mississippi

If you're starting the exciting journey to buy a home in Drew, typing "mortgage loan mortgage lender near me" into a search bar is a great first step. But in a close-knit community like ours, finding the right lending partner goes beyond just proximity. It's about finding someone who understands the unique rhythm of the Delta, the value of a home on Sunflower Road, and the specific opportunities available to Mississippi homebuyers.

The Drew housing market offers incredible value, with charming homes and more affordable price points compared to larger cities. This local advantage means your mortgage needs here are specific. A lender based in or familiar with Drew and surrounding Sunflower County will have a realistic grasp on property values in neighborhoods like those near Drew High School or off Highway 49. They can provide accurate appraisals and won't undervalue or overinflate what a home here is truly worth. This local expertise is crucial for a smooth purchase.

When searching for that "near me" lender, don't just look at a map. Seek out recommendations from your real estate agent, friends, or family who have recently purchased locally. Community banks and credit unions, like those in nearby Cleveland or Indianola, often have a strong presence and a vested interest in helping Drew residents become homeowners. They may offer more personalized service and flexibility than large national banks.

As a Mississippi homebuyer, you have access to special programs that a knowledgeable local lender can guide you through. The Mississippi Home Corporation (MHC) offers down payment assistance and affordable first mortgage programs like the MCC (Mortgage Credit Certificate), which can provide a significant federal tax credit. A lender familiar with these programs is invaluable; they can help you see if you qualify for assistance that makes homeownership in Drew even more attainable.

Your actionable first step? Make a shortlist of two or three local lenders and set up conversations. Ask them directly: "How many loans have you closed in Sunflower County in the last year?" and "Can you walk me through the MHC programs I might be eligible for?" Their answers will tell you a lot. Also, get pre-approved early. In any market, having a solid pre-approval letter from a trusted local lender makes your offer stronger when you find that perfect Drew home.

Ultimately, the best "mortgage lender near me" for your Drew home purchase is one who acts as a true guide. They should help you navigate the financial path with clarity, champion the specific value of our community, and connect you with every Mississippi resource available. Take the time to find that partner, and you'll be well on your way to turning a house in Drew into your home.

Nearby Cities

Explore mortgage lenders in cities near Drew, MS

Why Choose a Mortgage Lender in Drew?

Local Market Knowledge

Lenders who understand Drew'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 Drew and get competitive rates on your home loan.