The Best Mortgage Lenders in Florence, MS
Compare verified mortgage lenders serving Florence, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Florence
Featured Mortgage Lenders
Trustmark Mortgage
Trustmark National Bank
Trustmark National Bank stands out as Florence's premier local mortgage lender with an actual physical branch located directly in the community. With over 130 years of banking history and an exceptional 4.8 rating, they offer the unique combination of national bank resources with genuine local presence. Their mortgage specialists provide personalized service with deep knowledge of Florence and Rankin County real estate markets. Customers consistently praise their competitive rates, streamlined application process, and the convenience of working with bankers who understand the local community dynamics. As a FDIC-insured institution, they provide exceptional stability and trustworthiness for one of life's most significant financial decisions.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage has earned an outstanding reputation throughout central Mississippi, including Florence, with a remarkable 4.9 rating based on hundreds of satisfied customers. While headquartered in Jackson, they actively serve the Florence market with dedicated loan officers who specialize in Mississippi home financing. Their "On the Move" closing guarantee demonstrates their commitment to timely service, promising to close on time or pay $500. Customers consistently highlight their exceptional communication, digital convenience, and expertise with various loan programs including specialized options for first-time homebuyers. Their strong community involvement and reliable service make them a top choice for Florence area homebuyers.
Loan Types:
Hope Credit Union
Hope Federal Credit Union
Hope Credit Union has built an exceptional 4.7 rating by focusing on serving Mississippi communities including Florence with affordable mortgage solutions. As a community development financial institution, they specialize in making homeownership accessible through competitive rates and flexible qualification criteria. Their mortgage advisors are particularly skilled with first-time homebuyer programs and affordable housing initiatives that benefit Florence residents. Customers praise their patient, educational approach and commitment to finding the right mortgage solution for each borrower's unique situation. With nearly three decades of experience serving central Mississippi, they've established themselves as a trusted partner for home financing with a genuine mission to strengthen local communities.
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Frequently Asked Questions
Common questions about mortgage lending in Florence, MS
What are the current average mortgage rates for homebuyers in Florence, MS?
Mortgage rates in Florence typically align with national averages but can be slightly lower due to Mississippi's affordable housing market. As of late 2024, conventional 30-year fixed rates in the area generally range from 6.5% to 7%, though this varies by lender, credit score, and loan type. It's best to compare rates from local Mississippi lenders who understand the Florence market specifically.
Are there any first-time homebuyer programs specifically available in Florence?
Yes, Florence 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 Smart6 loan program offers competitive rates and down payment assistance for eligible buyers in Rankin County. These programs are particularly valuable given Florence's growing starter home market.
How does Florence's location in the Jackson metro area affect mortgage lending considerations?
Florence's position in the Jackson metropolitan statistical area means lenders often view it as a stable suburban market with good commuter access. This can result in more favorable lending terms compared to rural areas, though flood insurance requirements may apply in certain neighborhoods near the Pearl River watershed. Lenders familiar with the Jackson metro area will understand these local nuances.
What unique closing costs should I expect when getting a mortgage in Florence?
Beyond standard closing costs, Florence homebuyers should budget for Rankin County-specific fees including recording fees, transfer taxes, and potential flood certification costs if the property is in a designated flood zone. Title insurance rates in Mississippi are regulated but can vary slightly by county, so working with a local title company familiar with Rankin County procedures is advisable.
Are USDA rural housing loans available for properties in Florence, MS?
While Florence itself is generally considered part of the Jackson urban area and may not qualify, surrounding areas of Rankin County do often qualify for USDA loans. Properties just outside Florence's core may be eligible for these zero-down-payment loans, which can be particularly attractive given the area's mix of suburban and rural characteristics. A local mortgage broker can help determine specific property eligibility.
Why Choose a Mortgage Lender in Florence?
Local Market Knowledge
Lenders who understand Florence'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 Florence and get competitive rates on your home loan.