The Best Mortgage Lenders in Ellisville, MS
Compare verified mortgage lenders serving Ellisville, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ellisville
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, competitive rates, and efficient loan processing. With over 28 years of experience, they have a strong local presence in Hattiesburg and actively serve the Ellisville area, offering personalized mortgage solutions and a wide range of loan products. Their high ratings and substantial review count reflect a proven track record of customer satisfaction and reliability.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its streamlined loan processes and strong customer support, with a focus on making home buying accessible and straightforward. Founded in 2008, they have built a reputation for competitive rates and a variety of mortgage options, serving the Ellisville region from their Hattiesburg office. Their consistent high ratings and positive reviews highlight their commitment to excellence and community involvement.
Loan Types:
New American Funding
New American Funding, LLC
New American Funding offers a comprehensive range of mortgage products with a emphasis on customer-centric service and competitive pricing. Established in 2003, they have a robust presence in Mississippi, including service to Ellisville, and are known for supporting diverse borrowers and providing flexible loan solutions. Their high review count and ratings underscore their reliability and effectiveness in the mortgage industry.
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Frequently Asked Questions
Common questions about mortgage lending in Ellisville, MS
What are the current average mortgage rates for homebuyers in Ellisville, MS?
Mortgage rates in Ellisville typically align with national averages but can be slightly lower due to Mississippi's affordable housing market. As of recent data, 30-year fixed rates generally range from 6.5% to 7%, while 15-year fixed rates are around 5.75% to 6.25%. Local lenders like Community Bank of Mississippi often offer competitive rates specifically for Ellisville residents.
Are there any first-time homebuyer programs available specifically in Ellisville?
Yes, Ellisville homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the City of Ellisville occasionally partners with state programs offering down payment assistance. First-time buyers should check with local lenders about the "Homes for Mississippians" program which offers favorable terms in Jones County.
How does Ellisville's rural location affect mortgage lending requirements?
Ellisville's designation as a rural area makes many properties eligible for USDA loans, which require no down payment. However, some lenders may have stricter appraisal requirements due to the mix of urban and rural properties in Jones County. Properties outside city limits may qualify for different loan programs than those within the city boundaries.
What unique closing costs should I expect when buying a home in Ellisville?
Ellisville homebuyers should budget for standard Mississippi closing costs plus Jones County-specific fees including recording fees ($25 for first page, $5 additional pages) and potential rural property inspections. Title insurance rates are regulated by the state, but some local attorneys may charge additional document preparation fees specific to Jones County transactions.
How competitive is the Ellisville housing market for mortgage approval?
Ellisville's housing market is moderately competitive with median home prices around $150,000-$180,000, making mortgage qualification more accessible than in larger Mississippi cities. However, with limited inventory in desirable neighborhoods near Jones College or downtown, pre-approval from local lenders like BankPlus or Trustmark can provide a significant advantage in this market.
Why Choose a Mortgage Lender in Ellisville?
Local Market Knowledge
Lenders who understand Ellisville'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 Ellisville and get competitive rates on your home loan.