The Best Mortgage Lenders in Leakesville, MS
Compare verified mortgage lenders serving Leakesville, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Leakesville
Featured Mortgage Lenders
Regions Mortgage
Regions Bank
Regions Bank has been serving Mississippi communities for decades with a strong local presence throughout the state. As one of the largest regional banks in the Southeast, they offer comprehensive mortgage services with dedicated local loan officers who understand the unique needs of rural Mississippi homebuyers. Their extensive branch network throughout Greene County and surrounding areas provides convenient in-person service, and they're particularly strong with USDA rural development loans which are ideal for Leakesville area properties. Customers consistently praise their personalized service and competitive rates for both purchase and refinance transactions.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage has established a strong reputation throughout Mississippi with local loan officers who specialize in serving rural communities like Leakesville. They're particularly noted for their expertise in government-backed loans including VA and USDA programs, which are popular in the region. Their construction-to-permanent loan programs are ideal for buyers looking to build in Greene County. With over 60 years in business nationally, they bring substantial experience while maintaining local decision-making and personalized service. Customers frequently highlight their responsive communication and ability to close loans efficiently in Mississippi's rural markets.
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Embrace Home Loans
Embrace Home Loans, Inc.
Embrace Home Loans has built an excellent reputation throughout Mississippi with specialized programs for rural homebuyers. They offer particularly strong first-time homebuyer programs and are known for their competitive rates on USDA loans, which are highly relevant for Leakesville area properties. Their local loan officers have deep knowledge of Greene County's real estate market and maintain strong relationships with local real estate professionals. Customers consistently praise their educational approach to the mortgage process and their ability to guide buyers through complex rural lending requirements. Their 40-year company history provides stability and expertise that benefits Mississippi homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Leakesville, MS
What are the current average mortgage rates for homebuyers in Leakesville, MS?
Current mortgage rates in Leakesville typically range from 6.5% to 7.5% for 30-year fixed loans, depending on credit score and loan type. Greene County rates tend to be slightly higher than national averages due to the rural nature of the area. It's best to check with local lenders like First State Bank or The Citizens Bank for the most accurate current rates.
Are there any first-time homebuyer programs specifically available in Leakesville?
Yes, the Mississippi Home Corporation offers the Mortgage Credit Certificate program statewide, which provides Leakesville first-time buyers with a federal tax credit. Additionally, local lenders often participate in USDA Rural Development loans, which are particularly beneficial in Greene County since the entire area qualifies for 100% financing with no down payment required.
How does Leakesville's rural location affect mortgage lending options?
Leakesville's designation as a rural community opens up valuable USDA loan opportunities that aren't available in urban areas. Most of Greene County qualifies for USDA Section 502 Direct and Guaranteed loans, which offer 100% financing with below-market interest rates. This makes homeownership more accessible despite the area's moderate income levels.
What should I know about property taxes when getting a mortgage in Leakesville?
Greene County has relatively low property tax rates compared to national averages, currently around 0.60% of assessed value. When calculating your mortgage payment, expect to escrow approximately $600-$900 annually for property taxes on a typical $150,000 home. Your lender will help estimate these costs during the pre-approval process.
Are there local down payment assistance programs for Leakesville homebuyers?
The Mississippi Home Corporation's Down Payment Assistance program provides up to $6,000 in matching funds for Leakesville buyers who complete homebuyer education. Some local employers, including the school district and county government, may offer housing assistance programs for their employees purchasing homes in the area.
Nearby Cities
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Why Choose a Mortgage Lender in Leakesville?
Local Market Knowledge
Lenders who understand Leakesville'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 Leakesville and get competitive rates on your home loan.