The Best Mortgage Lenders in Harriston, MS
Compare verified mortgage lenders serving Harriston, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harriston
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With over 28 years in business, they have a strong regional presence in Mississippi, including service to Harriston, and are praised for their personalized, efficient mortgage processes and high customer satisfaction scores from numerous verified reviews.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable national mortgage lender with a strong track record in Mississippi, offering competitive rates and a digital-first approach for convenience. Founded in 2000, they have over 24 years of experience and are recognized for their transparency, fast closings, and excellent customer service, with many positive reviews highlighting their efficiency in serving areas like Harriston.
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New American Funding
New American Funding
New American Funding is a well-established lender with over 21 years in the industry, known for its diverse loan products and commitment to community service in Mississippi. They offer competitive rates and personalized support, with high customer ratings for their responsiveness and expertise in serving rural and small-town areas like Harriston, backed by hundreds of positive reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Harriston, MS
What are the current average mortgage rates for homebuyers in Harriston, MS?
Mortgage rates in Harriston typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates in the area range from 6.5% to 7.25%, though rural properties may see slightly higher rates. It's best to compare offers from local banks and credit unions like Bank of Franklin or Community Bank of Mississippi for the most competitive terms.
Are there any first-time homebuyer programs specifically available in Harriston?
Yes, Harriston homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the USDA Rural Development loan is particularly relevant since Harriston qualifies as a rural area, offering 100% financing with no down payment requirement for eligible borrowers.
How does Harriston's rural location affect the mortgage approval process?
Harriston's rural classification can impact appraisals, as comparable properties may be limited and require appraisers with specific local knowledge. Lenders may also require additional documentation for older or unique rural properties. However, the USDA loan program specifically benefits buyers in designated rural areas like Harriston.
What types of properties in Harriston typically qualify for USDA rural housing loans?
Most single-family homes in Harriston qualify for USDA loans since the entire area meets rural designation criteria. This includes manufactured homes (with permanent foundations), townhomes, and condos that meet USDA property standards. The program excludes income-producing properties and requires the home to be the borrower's primary residence.
Are property taxes in Harriston typically included in mortgage escrow accounts?
Yes, most lenders in Harriston require escrow accounts for property taxes and homeowners insurance, given Franklin County's property tax structure. Annual property taxes in Harriston average around 0.6-0.8% of home value, and lenders typically collect 1/12th of the estimated annual amount with each mortgage payment to ensure taxes are paid when due.
Why Choose a Mortgage Lender in Harriston?
Local Market Knowledge
Lenders who understand Harriston'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 Harriston and get competitive rates on your home loan.