The Best Mortgage Lenders in Greenville, MS
Compare verified mortgage lenders serving Greenville, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greenville
Featured Mortgage Lenders
Commercial Bank & Trust Company
Commercial Bank & Trust Company
As Greenville's premier local community bank with over a century of service, Commercial Bank & Trust Company offers exceptional personalized mortgage services with deep roots in the Mississippi Delta region. Their experienced mortgage team provides competitive rates and flexible loan options tailored to local homebuyers' needs. With strong community relationships and extensive knowledge of Greenville's real estate market, they deliver a smooth, transparent mortgage process with local decision-making authority that ensures quick turnaround times and personalized customer service.
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Renasant Bank
Renasant Bank
Renasant Bank maintains a strong physical presence in Greenville with multiple branches and a dedicated mortgage team serving the Mississippi Delta region. As a well-established regional bank with over a century of operation, they offer comprehensive mortgage solutions with competitive rates and exceptional customer service. Their local loan officers have extensive knowledge of Greenville's housing market and provide personalized guidance through the entire home financing process, from pre-approval to closing. Renasant is particularly noted for their first-time homebuyer programs and flexible underwriting.
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Trustmark National Bank
Trustmark National Bank
Trustmark National Bank brings substantial regional banking expertise to Greenville with a full-service branch and dedicated mortgage specialists. With deep roots across Mississippi and the Southeast, they offer a wide range of mortgage products with competitive pricing and excellent customer service. Their experienced Greenville-based mortgage team provides local underwriting support and personalized attention throughout the loan process. Trustmark is particularly strong in construction lending and offers specialized programs for both rural and urban properties in the Delta region, making them a top choice for diverse home financing needs.
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Frequently Asked Questions
Common questions about mortgage lending in Greenville, MS
What are the current average mortgage rates for homebuyers in Greenville, MS?
Mortgage rates in Greenville typically run slightly higher than national averages due to the rural nature of the Mississippi Delta region. Currently, 30-year fixed rates average around 6.5-7% for qualified buyers, though this varies by lender, credit score, and loan type. Local credit unions like Telapex Federal Credit Union often offer competitive rates worth exploring.
Are there any first-time homebuyer programs specifically available in Greenville?
Yes, the Mississippi Home Corporation (MHC) offers several programs accessible to Greenville residents, including the Mortgage Credit Certificate (MCC) and Down Payment Assistance. These programs can provide tax credits and help with down payments, which is particularly valuable in Greenville's affordable housing market where median home prices are below state averages.
How does Greenville's flood zone designation affect mortgage requirements?
Given Greenville's location along the Mississippi River, many properties require flood insurance, which mortgage lenders mandate for homes in Special Flood Hazard Areas. This additional insurance cost (typically $500-$1,200 annually) must be factored into your debt-to-income ratio calculations. Your lender will help determine if a property is in a flood zone during the appraisal process.
What types of properties typically require special financing considerations in Greenville?
Historic homes in neighborhoods like Downtown Greenville and older properties in the Mississippi Delta often need renovation loans like the FHA 203(k). Additionally, rural properties outside city limits may qualify for USDA loans, which offer 100% financing - an excellent option given Washington County's USDA eligibility.
How long does the mortgage approval process typically take with Greenville lenders?
The mortgage process in Greenville generally takes 30-45 days with local lenders who understand the area's unique property types and appraisal considerations. Working with community banks or credit unions familiar with local real estate can streamline the process compared to larger national lenders who may be less familiar with Greenville's market dynamics.
Nearby Cities
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Why Choose a Mortgage Lender in Greenville?
Local Market Knowledge
Lenders who understand Greenville'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 Greenville and get competitive rates on your home loan.