The Best Mortgage Lenders in Greenwood, MS
Compare verified mortgage lenders serving Greenwood, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greenwood
Featured Mortgage Lenders
Cadence Bank Mortgage Team
Cadence Bank
Cadence Bank (formerly BancorpSouth) has been serving Greenwood and the Mississippi Delta region for over a century, making them one of the most established and trusted mortgage lenders in the area. Their local branch provides personalized service with deep community knowledge, offering a comprehensive range of mortgage products including specialized rural development loans that are particularly relevant for the Greenwood area. Their long-standing presence and commitment to the local community make them a top choice for home financing.
Loan Types:
Churchill Mortgage - Mississippi Division
Churchill Mortgage Corporation
Churchill Mortgage has built an exceptional reputation throughout Mississippi for their educational approach to mortgage lending and commitment to ethical lending practices. While they serve the entire state, they have particular expertise in serving smaller communities like Greenwood with personalized attention. They're highly rated for their transparent process, competitive rates, and dedication to ensuring borrowers fully understand their mortgage options. Their strong focus on customer education and satisfaction makes them a premier choice.
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Renasant Bank Mortgage Services
Renasant Bank
Renasant Bank has deep roots in Mississippi and maintains a strong presence throughout the Delta region, including serving Greenwood customers. They offer a complete suite of mortgage products with the advantage of local decision-making and community-focused service. Their mortgage specialists understand the unique aspects of the Greenwood real estate market and provide tailored solutions for both urban and rural properties. Renasant's combination of modern digital tools with traditional community banking values makes them an excellent mortgage partner.
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Frequently Asked Questions
Common questions about mortgage lending in Greenwood, MS
What are the current average mortgage rates for homebuyers in Greenwood, MS?
Mortgage rates in Greenwood typically align with national averages but can be slightly higher due to the rural nature of the Mississippi Delta region. As of late 2024, conventional 30-year fixed rates in Greenwood generally range from 6.5% to 7.25%, though individual rates depend heavily on credit score and down payment. Local lenders like Planters Bank and Trust or Renasant Bank can provide the most current rate quotes specific to Greenwood.
Are there any special first-time homebuyer programs available specifically in Greenwood?
Yes, Greenwood homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit for a portion of mortgage interest paid. Additionally, the City of Greenwood occasionally partners with organizations like Delta Housing Partnership to offer down payment assistance programs for low-to-moderate income buyers purchasing within city limits.
How does Greenwood's location in the Mississippi Delta affect mortgage lending requirements?
Greenwood's Delta location means some properties may require additional flood insurance, which lenders will mandate for homes in designated flood zones. The area's older housing stock (many homes built before 1978) may also require specific lead-based paint disclosures and inspections. Lenders in Greenwood are familiar with these local considerations and can guide you through the additional requirements.
What types of properties are most common in Greenwood's mortgage market?
Greenwood's mortgage market primarily consists of single-family homes, many of which are historic properties in neighborhoods like the Grand Boulevard Historic District. There's also significant lending for agricultural-related properties and homes on larger lots. Lenders familiar with Greenwood understand the unique appraisal considerations for both historic homes and rural properties in Leflore County.
Are USDA loans popular in Greenwood given its rural designation?
Yes, USDA loans are very popular in Greenwood since the entire area qualifies for USDA rural development loans, which offer 100% financing with no down payment. This is particularly beneficial for moderate-income buyers in Greenwood and surrounding Leflore County areas. Local lenders have extensive experience processing USDA loans and can help determine eligibility for this valuable program.
Why Choose a Mortgage Lender in Greenwood?
Local Market Knowledge
Lenders who understand Greenwood'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 Greenwood and get competitive rates on your home loan.