The Best Mortgage Lenders in Money, MS
Compare verified mortgage lenders serving Money, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Money
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, Inc.
Movement Mortgage is a highly-rated national lender with a strong regional presence in Mississippi, known for its competitive rates, efficient online application process, and exceptional customer service. They specialize in a wide range of loan products and have a reputation for quick closings and personalized support, making them a top choice for homeowners in Money and surrounding areas. Their commitment to transparency and community involvement further solidifies their reliability.
Loan Types:
AmCap Mortgage
AmCap Mortgage, Ltd.
AmCap Mortgage has built a stellar reputation over two decades by offering competitive mortgage solutions with a focus on customer satisfaction. They are praised for their knowledgeable loan officers, streamlined processing, and flexibility in loan options, serving clients in Money and across Mississippi. Their local expertise combined with national resources ensures tailored service for each borrower.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-tier lender renowned for its competitive rates, extensive loan portfolio, and outstanding customer service. With a significant presence in Mississippi, they provide personalized guidance and efficient processing, earning high marks for reliability and client satisfaction. Their experienced team makes them a trusted option for residents in Money and the broader region, backed by numerous industry awards and positive reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Money, MS
What are the typical mortgage rates available in Money, MS?
Mortgage rates in Money, MS, are generally competitive with state averages, often slightly lower than national rates due to the rural nature of the area. As of recent trends, 30-year fixed rates typically range from 6.5% to 7%, but it's best to check with local lenders like Planters Bank & Trust or regional credit unions for the most current offers. Your specific rate will depend on credit score, loan type, and down payment.
Are there any first-time homebuyer programs specific to Money, MS?
Yes, first-time homebuyers in Money can utilize the Mississippi Home Corporation's Mortgage Credit Certificate (MCC) program, which provides a federal tax credit based on mortgage interest paid. Additionally, local lenders may offer down payment assistance programs tailored to residents of Tallahatchie County. These programs can make homeownership more affordable by reducing upfront costs and long-term expenses.
How does Money's rural location affect mortgage lending options?
Money's rural designation makes buyers eligible for USDA loans, which offer 100% financing with no down payment required—a significant advantage for eligible borrowers. Lenders in the area are also familiar with properties that may have well and septic systems, which can require additional inspections but are common in this region. This rural status expands accessible loan programs beyond conventional options.
What should I know about property taxes when getting a mortgage in Money, MS?
Tallahatchie County, where Money is located, has relatively low property tax rates compared to national averages, which can help keep your monthly mortgage payments more affordable. When calculating your mortgage payment, lenders will include these taxes in your escrow account. Current rates are approximately 0.6-0.8% of assessed value, but consult the Tallahatchie County Tax Assessor for exact figures.
Are there local lenders in Money that understand the specific market conditions?
While Money itself is a small community, several established local lenders in nearby communities like Greenwood and Charleston have extensive experience with the Tallahatchie County real estate market. Institutions like Bank of Commerce and Community Bank of Mississippi understand local property values, which tend to be more moderate than urban areas, and can provide personalized service for Money homebuyers.
Why Choose a Mortgage Lender in Money?
Local Market Knowledge
Lenders who understand Money'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 Money and get competitive rates on your home loan.