The Best Mortgage Lenders in Hurley, MS
Compare verified mortgage lenders serving Hurley, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hurley
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is a top-rated lender known for its competitive rates, efficient online processes, and exceptional customer service. With a local office in Gulfport, they actively serve the Hurley area, offering a wide range of loan products and personalized support. Their high ratings and numerous positive reviews highlight their reliability and commitment to helping homebuyers in coastal Mississippi.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is renowned for its strong local presence and dedication to customer satisfaction. With a branch in Pascagoula, they provide tailored mortgage solutions for Hurley residents, including first-time homebuyer programs and competitive refinancing options. Their extensive experience and high review counts reflect a trusted reputation in the Gulf Coast community.
Loan Types:
New American Funding
New American Funding
New American Funding stands out for its diverse loan offerings and commitment to inclusive lending, including programs for minority and low-income borrowers. Serving Hurley from their Biloxi office, they provide competitive rates and flexible terms, backed by strong customer reviews and a focus on community engagement. Their two decades of experience ensure reliable service for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Hurley, MS
What are the current average mortgage rates in Hurley, MS, and how do they compare to state averages?
Mortgage rates in Hurley are typically very competitive and often align closely with or slightly below the Mississippi state average due to the area's lower cost of living and property values. As of recent data, you can expect average 30-year fixed rates to be in the mid-6% range, but it's crucial to get personalized quotes from local lenders like Community Bank or The First, A National Banking Association, as they understand the local market best.
Are there any down payment assistance programs available specifically for Hurley homebuyers?
Yes, Hurley homebuyers can access the Mississippi Home Corporation's Down Payment Assistance program, which offers up to $6,000 in a zero-interest, forgivable second mortgage for eligible borrowers. Additionally, some local lenders may offer their own assistance programs or grants, particularly for first-time homebuyers purchasing in Jackson County, making homeownership more accessible in Hurley's affordable market.
How does Hurley's rural location affect the mortgage process and property appraisal?
Hurley's rural setting means appraisals may take slightly longer as appraisers often need to travel from larger nearby cities like Pascagoula or Mobile. Lenders also pay close attention to comparable sales in the area, which can be limited, potentially affecting valuation. It's advisable to work with a mortgage lender experienced in rural Mississippi properties to navigate these unique considerations smoothly.
What types of properties in Hurley typically qualify for USDA rural housing loans?
Most properties in Hurley qualify for USDA loans since the entire area is designated as rural by USDA standards. This includes single-family homes, manufactured homes (if permanently affixed and meeting USDA requirements), and some condos. These loans are particularly advantageous for Hurley buyers as they offer 100% financing with competitive rates, making them ideal for the area's affordable housing stock.
Are there any special mortgage considerations for buying older homes in Hurley?
Yes, many homes in Hurley were built several decades ago, so lenders may require additional inspections for older properties, particularly for FHA and VA loans. You'll want to pay special attention to foundation, electrical, plumbing, and roof conditions, as these can affect both loan approval and insurance requirements. Working with a local inspector familiar with Hurley's older housing stock is highly recommended.
Why Choose a Mortgage Lender in Hurley?
Local Market Knowledge
Lenders who understand Hurley'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 Hurley and get competitive rates on your home loan.