The Best Mortgage Lenders in Myrtle, MS
Compare verified mortgage lenders serving Myrtle, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Myrtle
Featured Mortgage Lenders
Renasant Bank Mortgage
Renasant Bank
Renasant Bank stands as one of Mississippi's most established and trusted financial institutions with deep roots in Union County. While based in Tupelo, they maintain a strong local presence in nearby New Albany, just 10 miles from Myrtle, serving the entire rural community with personalized mortgage services. Their 4.8-star rating reflects exceptional customer satisfaction, particularly for their expertise in rural property financing and USDA loans ideal for Myrtle-area homes. With over a century of community banking experience, they offer competitive rates and local underwriting decisions, making them a top choice for Myrtle residents seeking reliable mortgage services with hometown banking values.
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Trustmark Mortgage Services
Trustmark National Bank
Trustmark National Bank provides comprehensive mortgage services throughout Northeast Mississippi, including dedicated service to Myrtle residents through their nearby New Albany branch. With a 4.7-star rating based on hundreds of reviews, they're celebrated for their first-time homebuyer programs and competitive conventional loan options. Their local loan officers understand the unique aspects of rural Mississippi property financing and offer personalized guidance through the entire mortgage process. Trustmark's longstanding community presence since 1889 ensures stable, reliable service with local decision-making authority, making them an excellent choice for Myrtle homebuyers seeking traditional banking expertise with modern mortgage solutions.
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Mortgage Solutions Financial
Mortgage Solutions Financial
Mortgage Solutions Financial has built an outstanding reputation throughout Northeast Mississippi with their specialized focus on rural and small-town mortgage lending. Their exceptional 4.9-star rating reflects their commitment to customer service and expertise in USDA loans perfectly suited for Myrtle's rural properties. While based in Tupelo, they actively serve clients throughout Union County and have particular expertise with Mississippi's rural development programs. Their team of experienced loan officers provides personalized service with quick turnaround times and competitive rates. They're particularly recommended for their transparent process and ability to navigate complex rural property financing scenarios common in the Myrtle area.
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Frequently Asked Questions
Common questions about mortgage lending in Myrtle, MS
What are the current average mortgage rates for homebuyers in Myrtle, MS?
Mortgage rates in Myrtle typically align with national averages but can be slightly higher due to the rural nature of Union County. As of 2024, conventional 30-year fixed rates generally range from 6.5% to 7.25%, though local lenders may offer competitive rates for borrowers with strong credit. It's recommended to compare offers from both local credit unions and regional banks serving the Myrtle area.
Are there any first-time homebuyer programs specifically available in Myrtle, MS?
Yes, Myrtle homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the MHC Down Payment Assistance program offers up to $6,000 in help for qualified buyers in Union County. Local lenders like Community Bank of Mississippi often have special first-time buyer programs with reduced fees for Myrtle residents.
How does Myrtle's rural location affect the mortgage approval process?
Myrtle's rural classification can impact loan options, as some lenders may have stricter requirements for properties outside urban areas. USDA loans are particularly advantageous here since most of Union County qualifies for USDA rural development loans requiring zero down payment. However, appraisals might take slightly longer due to fewer comparable properties in the immediate area.
What types of properties in Myrtle typically qualify for USDA rural housing loans?
Most single-family homes in and around Myrtle qualify for USDA loans since the entire Union County is designated as rural by USDA standards. This includes existing homes, new construction, and even some manufactured homes that meet specific foundation requirements. The property must be your primary residence and meet USDA's modest size and value guidelines for the area.
Are property taxes in Myrtle, MS considered when calculating mortgage affordability?
Yes, and fortunately Union County has some of Mississippi's lowest property tax rates, typically around 0.6-0.8% of assessed value. This lower tax burden can significantly improve mortgage affordability compared to many other locations. Lenders will still include estimated taxes in your monthly payment calculation, but the lower rates mean more of your payment goes toward principal and interest.
Why Choose a Mortgage Lender in Myrtle?
Local Market Knowledge
Lenders who understand Myrtle'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 Myrtle and get competitive rates on your home loan.