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Hickory, MS

The Best Mortgage Lenders in Hickory, MS

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

3
Top Lenders
4.3
Avg Rating
441+
Reviews
8
Loan Types

Available Loan Programs in Hickory

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer Programs

Featured Mortgage Lenders

1

Trustmark Mortgage

Trustmark National Bank

★★★★☆
4.2/5

Trustmark National Bank is one of Mississippi's most established and reputable financial institutions with deep roots throughout the state. While headquartered in Jackson, they serve customers across Mississippi including Hickory with a comprehensive range of mortgage products. Their long-standing community presence, competitive rates, and personalized service approach make them a top choice for homebuyers in rural Mississippi communities. Trustmark maintains strong relationships with local real estate professionals and offers both online and in-person mortgage services.

Experience:135 years
Reviews:185 customer reviews
248 East Capitol Street, Jackson, MS 39201

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Renasant Bank Mortgage

Renasant Bank

★★★★☆
4.3/5

Renasant Bank has been serving Mississippi communities for over a century with a strong focus on personalized mortgage lending. As a regional bank with extensive presence throughout Mississippi, they offer specialized knowledge of rural and small-town markets like Hickory. Their mortgage team provides competitive rates on government-backed and conventional loans, with particular expertise in USDA rural development loans that benefit buyers in areas like Hickory. Renasant is known for their responsive service and local decision-making capabilities.

Experience:119 years
Reviews:167 customer reviews
209 Troy Street, Tupelo, MS 38804

Loan Types:

ConventionalFHAVAUSDAConstructionRefinance
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3

Hope Credit Union Mortgage

Hope Federal Credit Union

★★★★☆
4.4/5

Hope Credit Union has built an outstanding reputation for serving underserved communities throughout Mississippi, including rural areas like Hickory. They specialize in affordable mortgage solutions and first-time homebuyer programs with a mission-driven approach to community development. Their mortgage team provides exceptional guidance through the entire homebuying process, with particular expertise in government-backed loans that work well for buyers in smaller Mississippi communities. Hope CU is consistently praised for their educational approach and commitment to making homeownership accessible.

Experience:28 years
Reviews:89 customer reviews
400 East Capitol Street, Jackson, MS 39201

Loan Types:

FHAVAUSDAConventionalFirst-time Homebuyer Programs
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Frequently Asked Questions

Common questions about mortgage lending in Hickory, MS

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

Mortgage rates in Hickory typically align with national averages but can be slightly higher due to the rural nature of the area. As of late 2024, 30-year fixed rates in Hickory generally range from 6.5% to 7.25%, depending on credit score and loan type. Local lenders like Bank of Franklin or Community Bank may offer competitive rates specifically for Hickory residents.

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

Yes, Hickory homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the MHDA Down Payment Assistance program offers up to $6,000 in help for qualified buyers in Attala County. These programs are particularly valuable in Hickory's affordable housing market where median home prices are below state averages.

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

Hickory's rural classification can impact lending through USDA Rural Development loans, which are widely available here and offer 100% financing. However, some national lenders may have stricter appraisal requirements due to fewer comparable sales. Working with local lenders familiar with Attala County property values is recommended for smoother processing.

What unique closing costs should I expect when buying a home in Hickory?

Hickory homebuyers should budget for standard Mississippi closing costs plus some local considerations. These include Attala County recording fees ($42 for first page + $3 additional pages), and potentially higher title insurance costs due to rural property records. Well and septic inspections are also common additional costs given Hickory's rural infrastructure.

How long does the mortgage process typically take in Hickory's real estate market?

The mortgage process in Hickory generally takes 30-45 days, similar to statewide timelines. However, rural property appraisals may add 3-5 extra days as appraisers often travel from larger nearby cities like Jackson or Starkville. Working with local lenders who have established relationships with area appraisers can help streamline this process.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Hickory, MS

Searching for "real estate lenders near me" is one of the most crucial steps in your Hickory homebuying journey. It’s about more than just finding a name on a map; it’s about connecting with a financial partner who understands the unique pace and values of our small-town market. In a close-knit community like Hickory, the right local insight can make the difference between a smooth closing and a frustrating process.

The Hickory housing market offers a distinct opportunity for affordability and a serene lifestyle. However, this also means that properties can be unique—from historic homes to larger rural lots. A local lender, familiar with Newton County, brings invaluable expertise. They understand how to properly appraise a home on a few acres versus one in the village center. They have established relationships with local appraisers and title companies, which can help streamline your closing timeline, a significant advantage when you’ve found your dream home.

When evaluating lenders near you, don’t just compare interest rates online. Take the time to have conversations. Ask potential lenders: "How many loans have you closed in Newton County in the last year?" and "What specific challenges or nuances should I expect with properties in Hickory?" Their answers will tell you a lot about their local experience. A lender who works regularly in our area will be proactive about potential issues like well and septic inspections on rural properties, which are common here.

Mississippi offers several homebuyer programs that a knowledgeable local lender can help you navigate. The Mississippi Home Corporation (MHC) provides down payment assistance and affordable first mortgage options for eligible buyers. These programs can be a game-changer, especially for first-time homebuyers or those with moderate incomes looking to plant roots in Hickory. A lender familiar with MHC’s guidelines can efficiently determine your eligibility and integrate this assistance seamlessly into your loan package.

Your actionable first step is to create a shortlist. Ask for referrals from your local real estate agent, who works with lenders daily and knows who delivers. Look at community banks and credit unions with branches in Newton County or nearby areas; they often have a deep commitment to local lending. Then, get pre-approved by at least two or three. This not only gives you negotiating power with sellers but also allows you to compare the full picture—fees, service, communication style, and local confidence.

In Hickory, buying a home is a personal milestone. By choosing a lender who is genuinely "near you" in both geography and understanding, you’re not just securing a loan; you’re gaining a trusted advisor for one of life’s biggest investments. Take the time to find a partner who is as invested in our community as you aim to be.

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Why Choose a Mortgage Lender in Hickory?

Local Market Knowledge

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