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Forest, MS

The Best Mortgage Lenders in Forest, MS

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

3
Top Lenders
4.7
Avg Rating
730+
Reviews
7
Loan Types

Available Loan Programs in Forest

FHA
VA
Conventional
Jumbo
USDA
Refinance
Reverse Mortgages

Featured Mortgage Lenders

1

New American Funding

New American Funding

★★★★☆
4.7/5

New American Funding is a highly-rated mortgage lender with a strong regional presence in Mississippi, known for its competitive rates, diverse loan options, and exceptional customer service. They have a dedicated team serving Forest and surrounding areas, with a focus on first-time homebuyers and refinancing. Their reputation for transparency and efficiency makes them a top choice for borrowers in the region.

Experience:21 years
Reviews:250 customer reviews
100 Trade Street, Flowood, MS 39232

Loan Types:

FHAVAConventionalJumboUSDARefinance
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2

Caliber Home Loans

Caliber Home Loans Inc.

★★★★☆
4.5/5

Caliber Home Loans is a reputable mortgage lender with over 15 years of experience, offering personalized service and a wide range of financing solutions. They have a local office in Clinton, MS, and actively serve the Forest area with competitive rates and a commitment to customer satisfaction. Their streamlined processes and knowledgeable staff make them a reliable option for home purchases and refinances.

Experience:16 years
Reviews:180 customer reviews
500 Clinton Center Drive, Clinton, MS 39056

Loan Types:

FHAVAConventionalUSDAJumboRefinance
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3

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

Fairway Independent Mortgage Corporation is a top-rated lender with nearly three decades of experience, renowned for its community involvement and high customer satisfaction ratings. They offer comprehensive mortgage products and have a strong presence in central Mississippi, including Forest. Their dedication to education, competitive pricing, and local expertise ensures a smooth borrowing experience for homebuyers and investors.

Experience:28 years
Reviews:300 customer reviews
200 Main Street, Madison, MS 39110

Loan Types:

FHAVAConventionalUSDAJumboReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Forest, MS

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

Mortgage rates in Forest 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 late 2024, you can expect 30-year fixed rates around 6.5-7% for qualified buyers. It's best to check with local credit unions like Bank of Forest or regional banks for their specific rates and any special promotions.

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

Yes, the Mississippi Home Corporation (MHC) offers several programs like the Mortgage Credit Certificate (MCC) and Down Payment Assistance that are available to Forest residents. These programs can provide tax credits and help with down payments, making homeownership more accessible. Additionally, local lenders often have specific first-time buyer loans with flexible credit requirements.

How does Forest's rural location affect the mortgage approval process?

Forest's rural designation can actually work in your favor through USDA Rural Development loans, which offer 100% financing with no down payment required for eligible properties in Scott County. However, appraisals might take slightly longer as appraisers may need to travel from larger markets. Local lenders with experience in rural properties can help navigate these considerations efficiently.

What types of properties typically qualify for USDA loans in the Forest area?

Most single-family homes in Forest and surrounding Scott County qualify for USDA loans since the entire county is designated as rural. This includes existing homes, new construction, and even some manufactured homes that meet specific requirements. The property must be your primary residence and meet USDA's modest size and value standards for the area.

Are there local property tax considerations I should know about when getting a mortgage in Forest?

Forest and Scott County have relatively low property tax rates compared to national averages, currently around 0.6-0.8% of assessed value. Mississippi also offers homestead exemption for primary residences, which can reduce your taxable value by up to $7,500. Your lender will help calculate these taxes into your monthly mortgage payment through escrow.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Forest, Mississippi

Searching for the "best mortgage lenders near me" is more than just comparing rates online. For homebuyers in Forest, it's about finding a financial partner who understands our local market's unique rhythm and can guide you through the process with genuine, community-focused expertise. Forest offers a appealing blend of small-town charm and economic stability, anchored by major employers like the Georgia-Pacific plywood mill. This creates a specific dynamic where choosing the right local lender can make all the difference in securing your piece of Scott County.

While national online lenders might advertise tempting rates, a local lender in the Forest area brings irreplaceable advantages. They have firsthand knowledge of property values in neighborhoods like East Forest or near the Industrial Park. They understand how appraisals work on older homes in the historic districts versus newer constructions. Perhaps most importantly, they have established relationships with local realtors, attorneys, and title companies, ensuring your closing process runs smoothly. A delay can be costly, and a lender who can personally call the title company down the street is a huge asset.

For Mississippi homebuyers, there are also special state-sponsored programs to explore, and a local lender is your best resource to access them. The Mississippi Home Corporation (MHC) offers programs like the MCC Mortgage Credit Certificate, which can provide a significant annual federal tax credit for first-time homebuyers (and in certain targeted areas, you may not need to be a first-time buyer). Additionally, their Down Payment Assistance programs can be a game-changer, helping qualified buyers with upfront costs. A lender familiar with these programs can efficiently determine your eligibility and weave them into your loan package.

Your actionable plan starts here. First, get your financial documents in order—pay stubs, tax returns, and bank statements. Then, make a shortlist. Don't just search online; ask for personal recommendations from your realtor, friends, or colleagues at GP or Raytheon who have recently bought homes. Interview at least two or three lenders. Ask them directly: "How many loans have you closed in Scott County in the last year?" "Can you walk me through the MHC programs I might qualify for?" "What is your typical timeline to close from contract to keys?" Compare not only the interest rate and fees but also their communication style and willingness to educate you.

Buying a home in Forest is an investment in a close-knit community. Your mortgage lender should feel like a part of that community, not a distant call center. By prioritizing local expertise and Mississippi-specific resources, you'll find more than just a loan—you'll find a guide who helps you build equity in your future and roots in our town.

Nearby Cities

Explore mortgage lenders in cities near Forest, MS

Why Choose a Mortgage Lender in Forest?

Local Market Knowledge

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