The Best Mortgage Lenders in Mount Pleasant, MS
Compare verified mortgage lenders serving Mount Pleasant, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mount Pleasant
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender known for its exceptional customer service and competitive rates, serving Mount Pleasant and surrounding areas through its Ridgeland office. With over 20 years of experience, they specialize in a wide range of loan products, including government-backed options, and have built a strong reputation for reliability and community involvement in Mississippi. Their high customer satisfaction ratings stem from personalized service, efficient processing, and a commitment to helping borrowers achieve homeownership.
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loanDepot
loanDepot
loanDepot is a highly-rated national mortgage lender with a strong presence in the Memphis area, serving Mount Pleasant, MS, and providing competitive rates and innovative digital tools for a streamlined borrowing experience. Founded in 2010, they offer a comprehensive suite of loan options and are praised for their responsive customer support and fast closing times. Their extensive review base highlights consistency in delivering on promises, making them a trusted choice for homebuyers in the region.
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Caliber Home Loans
Caliber Home Loans
Caliber Home Loans is a reputable mortgage lender with a dedicated office in Clinton, MS, offering reliable services to Mount Pleasant residents. With 15 years of industry experience, they excel in providing tailored loan solutions, including specialized programs for veterans and rural homebuyers. Their high customer ratings reflect a focus on transparency, competitive pricing, and a supportive team that guides borrowers through every step of the mortgage process, ensuring a smooth and satisfying experience.
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Frequently Asked Questions
Common questions about mortgage lending in Mount Pleasant, MS
What are the current average mortgage rates for homebuyers in Mount Pleasant, MS?
Mortgage rates in Mount Pleasant typically align with national averages but can be slightly lower due to the area's rural designation and lower cost of living. As of late 2023, 30-year fixed rates in the area generally range between 6.5-7%, though individual rates depend heavily on credit score and loan type. Local lenders like Planters Bank and Trust or regional credit unions often offer competitive rates specific to the Mount Pleasant market.
Are there any first-time homebuyer programs specifically available in Mount Pleasant?
Yes, Mount Pleasant 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 forgivable loans for qualified buyers in Mount Pleasant. These programs are particularly valuable given the city's median home prices around $150,000.
How does Mount Pleasant's rural location affect mortgage lending options?
Mount Pleasant's rural designation makes buyers eligible for USDA Rural Development loans, which offer 100% financing with no down payment requirement. This is particularly advantageous for the area since many properties qualify as rural under USDA guidelines. Local lenders are well-versed in these programs and can help navigate the specific property eligibility requirements for Mount Pleasant and surrounding areas.
What unique closing costs should I expect when buying a home in Mount Pleasant?
In addition to standard closing costs, Mount Pleasant homebuyers should budget for specific Mississippi costs including mortgage registration tax (approximately $1.10 per $1,000 of loan amount) and state-specific recording fees. Property taxes in Lowndes County are relatively moderate, averaging about 0.8% of home value, which can affect escrow requirements. Local title companies typically charge between $500-800 for their services in the area.
Are there any local grant programs for homebuyers in Mount Pleasant?
While Mount Pleasant itself doesn't offer city-specific grants, homebuyers can access the Mississippi Housing Partnership's programs that serve Lowndes County residents. These include affordable housing initiatives and counseling services that are particularly relevant given Mount Pleasant's position as a growing community. Some local employers like nearby industrial facilities also offer employer-assisted housing programs for qualified employees purchasing in the area.
Nearby Cities
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Why Choose a Mortgage Lender in Mount Pleasant?
Local Market Knowledge
Lenders who understand Mount Pleasant'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 Mount Pleasant and get competitive rates on your home loan.