The Best Mortgage Lenders in Lawrence, MS
Compare verified mortgage lenders serving Lawrence, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lawrence
Featured Mortgage Lenders
Jason Banes
The Banes Team at Fairway Independent Mortgage Corporation
The Banes Team is one of the highest-rated mortgage lenders in the Hattiesburg area with extensive experience serving Lawrence and surrounding communities. They are known for exceptional customer service, competitive rates, and expertise in rural and suburban Mississippi properties. Their team has deep knowledge of USDA and VA loans, which are particularly relevant for the Lawrence area. With hundreds of successful closings throughout Mississippi, they maintain a 4.9-star rating across multiple review platforms and are recognized for their personalized approach to each client's unique financial situation.
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Chris McCardle
McCardle Mortgage Team at Movement Mortgage
Movement Mortgage's Hattiesburg branch, led by Chris McCardle, consistently serves the Lawrence area with excellent customer satisfaction ratings. They specialize in first-time homebuyer programs and government-backed loans that are well-suited for the Lawrence market. The company is known for its efficient processing and closing times, with many clients praising their responsiveness and attention to detail. With over a decade of experience in the Mississippi mortgage industry, they have built strong relationships with local real estate professionals and have extensive knowledge of the regional housing market.
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Trustmark National Bank Mortgage Division
Trustmark National Bank
As one of Mississippi's oldest and most established financial institutions, Trustmark National Bank has deep roots throughout the state including service to Lawrence. Their mortgage division offers the stability of a community bank with the resources of a regional financial institution. They are particularly strong in construction lending and conventional mortgages, with local decision-making that benefits rural communities. Trustmark maintains multiple branches throughout the region and their experienced loan officers provide personalized service with competitive rates. Their longevity and community commitment make them a trusted choice for Lawrence area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Lawrence, MS
What are current mortgage rates like for homebuyers in Lawrence, MS?
Mortgage rates in Lawrence typically align with national averages but can be slightly higher due to the rural nature of the area and smaller local lender competition. As of recent data, 30-year fixed rates in Lawrence County generally range from 6.5% to 7.5%, depending on credit score and loan type. It's advisable to compare rates from both local Mississippi lenders and national institutions for the best deal.
Are there any first-time homebuyer programs specifically available in Lawrence, MS?
Yes, Lawrence homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate (MCC) program, which provides a federal tax credit for a portion of mortgage interest paid. Additionally, the MHC's Down Payment Assistance program offers up to $8,000 in assistance for eligible buyers in Lawrence County. These programs are particularly valuable given the area's moderate income levels.
How does Lawrence's rural location affect mortgage lending requirements?
Lawrence's rural designation can work to borrowers' advantage through USDA Rural Development loans, which offer 100% financing with no down payment required for eligible properties and borrowers. However, appraisals in rural areas like Lawrence may require specialized appraisers familiar with local property types, which can occasionally extend closing timelines compared to urban areas.
What unique closing costs should I expect when getting a mortgage in Lawrence, MS?
Beyond standard closing costs, Lawrence County charges a mortgage recording tax of $0.15 per $100 of the loan amount, which is typical for Mississippi counties. You'll also encounter title insurance rates specific to Mississippi and potentially higher survey costs due to the rural nature of many properties. Local lenders can provide detailed estimates accounting for these county-specific fees.
How do property values in Lawrence impact mortgage options and requirements?
With median home values in Lawrence County around $120,000-$150,000, many homes fall below conventional loan limits, making FHA and USDA loans popular options. Lower property values mean smaller loan amounts, which can make qualifying easier but may also mean fewer jumbo loan options are available. Appraisals are crucial in this market to ensure the property value supports the loan amount requested.
Nearby Cities
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Why Choose a Mortgage Lender in Lawrence?
Local Market Knowledge
Lenders who understand Lawrence'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 Lawrence and get competitive rates on your home loan.