The Best Mortgage Lenders in Escatawpa, MS
Compare verified mortgage lenders serving Escatawpa, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Escatawpa
Featured Mortgage Lenders
The First Mortgage Team
The First, A National Banking Association
The First is a highly-rated regional bank with deep roots in Mississippi, serving Escatawpa and the broader Jackson County area since 1996. Known for competitive rates and personalized service, they offer a full range of mortgage products with a focus on local community lending. Their experienced mortgage team provides tailored solutions for first-time homebuyers and refinancing, backed by strong customer satisfaction scores and convenient in-person support at nearby branches.
Loan Types:
Movement Mortgage Gulf Coast
Movement Mortgage
Movement Mortgage is a nationally recognized lender with a strong local presence along the Mississippi Gulf Coast, including service to Escatawpa. Founded in 2008, they are praised for fast closings, transparent processes, and exceptional customer service. Their dedicated Gulf Coast team specializes in navigating the unique housing market of the region, offering competitive rates and a wide array of loan options, supported by hundreds of positive reviews highlighting their reliability and efficiency.
Loan Types:
Fairway Independent Mortgage of Gulfport
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a proven track record of serving Escatawpa and surrounding areas since 1996. They consistently earn high marks for competitive rates, expert guidance, and a streamlined application process. Their Gulfport office provides localized support with a focus on customer education and flexible loan programs, making them a preferred choice for homebuyers seeking reliability and high satisfaction in the Mississippi coastal region.
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Frequently Asked Questions
Common questions about mortgage lending in Escatawpa, MS
What are the current average mortgage rates for homebuyers in Escatawpa, MS?
Mortgage rates in Escatawpa typically align with national averages but can vary based on local lenders and market conditions. As of recent data, 30-year fixed rates in Jackson County generally range from 6.5% to 7.25%, though rates for FHA and VA loans may be slightly lower. It's best to compare offers from local credit unions like Keesler Federal and regional banks for the most competitive Escatawpa-specific rates.
Are there any first-time homebuyer programs specifically available in Escatawpa?
Yes, Escatawpa homebuyers can access Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the Mississippi Home of Your Own program offers down payment assistance for qualified buyers in Jackson County. Local lenders often have special programs for first-time buyers purchasing in Escatawpa's more affordable neighborhoods.
How does Escatawpa's proximity to the Pascagoula River affect mortgage lending requirements?
Properties in certain areas of Escatawpa may require flood insurance due to the nearby Pascagoula River and coastal location. Lenders will typically mandate flood insurance for homes in designated flood zones, which can add $500-$1,500 annually to your housing costs. Always check FEMA flood maps and discuss this requirement with your lender during the pre-approval process.
What types of properties are most common in Escatawpa's mortgage market?
Escatawpa's housing stock consists mainly of single-family homes and manufactured homes on permanent foundations. Traditional mortgages work well for site-built homes, while manufactured homes may require specialized loans through programs like FHA Title I or specific lender programs. Many buyers in Escatawpa seek affordable single-family homes in the $150,000-$250,000 range.
Are there local down payment assistance programs for Escatawpa homebuyers?
Jackson County offers several down payment assistance options, including programs through the Mississippi Home Corporation that can provide up to $6,000 in assistance. Some local employers, including Ingalls Shipbuilding and Chevron Pascagoula Refinery, also offer homebuyer assistance programs for employees purchasing in the Escatawpa area. These programs often have income limits and property location requirements.
Why Choose a Mortgage Lender in Escatawpa?
Local Market Knowledge
Lenders who understand Escatawpa'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 Escatawpa and get competitive rates on your home loan.