The Best Mortgage Lenders in Morton, MS
Compare verified mortgage lenders serving Morton, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Morton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With nearly three decades of experience, they have a strong presence in Mississippi and specialize in a wide range of loan products, including government-backed options. Their local team in Clinton serves Morton and surrounding areas, offering personalized guidance and fast processing times, which has earned them high praise from homebuyers for reliability and transparency.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its efficient loan processing and community-focused approach. Founded in 2008, they have built a reputation for providing competitive rates and excellent customer support, particularly for first-time homebuyers in Morton and central Mississippi. Their local Jackson office ensures accessible service, and they are praised for streamlined digital tools and commitment to closing loans quickly, backed by numerous positive reviews for professionalism and ease of use.
Loan Types:
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans offers a robust suite of mortgage products with a focus on flexibility and customer satisfaction. Established in 2008, they have a strong regional presence in Mississippi, serving Morton with expertise in various loan types, including jumbo and government loans. Known for their knowledgeable loan officers and competitive pricing, Caliber receives high marks for responsive communication and smooth closing processes, making them a trusted choice for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Morton, MS
What are the current mortgage rates like for homebuyers in Morton, MS?
Mortgage rates in Morton typically align with national averages but can be slightly lower due to Mississippi's affordable housing market. As of recent trends, 30-year fixed rates in the Morton area often range from 6.5% to 7.25%, though rates vary by lender, credit score, and loan type. Local credit unions like Magnolia Federal Credit Union often offer competitive rates specifically for Morton residents.
Are there any first-time homebuyer programs available specifically in Morton?
Yes, Morton homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the MCC's down payment assistance program offers up to $6,000 in forgivable loans for qualified first-time buyers in Morton. Local lenders are well-versed in these programs and can help navigate the application process.
How does Morton's rural location affect mortgage lending options?
Morton's rural designation makes many homes eligible for USDA loans, which offer 100% financing with no down payment required. This is particularly beneficial given Morton's median home prices being below state averages. Several local lenders specialize in USDA loans and understand the specific property requirements for this area.
What special considerations should I know about property taxes when getting a mortgage in Morton?
Scott County, where Morton is located, has relatively low property tax rates compared to national averages, typically around 0.6-0.8% of assessed value. When calculating your mortgage payment, lenders will escrow for these taxes, but the lower rates mean your overall monthly payment will be more affordable than in many other locations.
Are there local lenders in Morton that understand the specific market conditions?
Yes, several community banks and credit unions with physical branches in Morton, such as Bank of Morton and Scott County Exchange Bank, have deep knowledge of local property values and market trends. These institutions often offer more personalized service and understand the unique aspects of Morton's housing market better than national lenders.
Why Choose a Mortgage Lender in Morton?
Local Market Knowledge
Lenders who understand Morton'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 Morton and get competitive rates on your home loan.