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New Augusta, MS

The Best Mortgage Lenders in New Augusta, MS

Compare verified mortgage lenders serving New Augusta, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
830+
Reviews
7
Loan Types

Available Loan Programs in New Augusta

Conventional
FHA
VA
USDA
Jumbo
Refinance
Reverse Mortgages

Featured Mortgage Lenders

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

Fairway Independent Mortgage is a highly reputable lender with a strong local presence in Mississippi, known for its exceptional customer service and competitive rates. They offer a wide range of loan products, including government-backed options, and have consistently high ratings for their personalized approach and efficient processing. Their Hattiesburg office serves the New Augusta area, making them a top choice for homebuyers seeking reliability and expertise.

Experience:28 years
Reviews:350 customer reviews
5000 Hardy Street, Hattiesburg, MS 39402

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.7/5

Movement Mortgage is celebrated for its rapid loan processing and community-focused ethos, with loan officers actively serving the New Augusta region. They provide diverse mortgage solutions and have built a solid reputation for transparency and customer satisfaction. Their Flowood office ensures accessible service for Perry County residents, backed by numerous positive reviews highlighting their responsiveness and competitive terms.

Experience:16 years
Reviews:280 customer reviews
100 Vision Drive, Suite 100, Flowood, MS 39232

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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3

New American Funding

New American Funding

★★★★☆
4.6/5

New American Funding stands out for its inclusive lending practices and extensive loan options, including specialized products like reverse mortgages. They have a strong track record of serving diverse borrowers in Mississippi, with high customer satisfaction ratings for their attentive service and flexible solutions. Their Jackson office provides convenient access for New Augusta clients, emphasizing reliability and competitive rates.

Experience:21 years
Reviews:200 customer reviews
1451 Ellis Street, Suite 100, Jackson, MS 39204

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in New Augusta, MS

What are the current average mortgage rates for homebuyers in New Augusta, MS?

Mortgage rates in New Augusta typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates hover around 6.5-7% in the area, though credit score, down payment, and loan type significantly impact individual rates. It's best to compare offers from local institutions like The First, A National Banking Association and Community Bank of Mississippi for the most competitive terms.

Are there any first-time homebuyer programs specifically available in New Augusta?

Yes, New Augusta homebuyers can access Mississippi's Mortgage Credit Certificate (MCC) program, which provides a federal tax credit for a portion of mortgage interest paid annually. Additionally, the Mississippi Home Corporation offers down payment assistance programs that are accessible to Perry County residents. These programs can make homeownership more affordable when combined with conventional FHA or USDA loans, which are popular in this rural area.

How does New Augusta's rural location affect my mortgage options?

New Augusta's designation as a rural area makes many properties eligible for USDA loans, which offer 100% financing with no down payment requirement. This is particularly advantageous given the area's moderate home prices. However, some lenders may have stricter requirements for rural property appraisals, so working with a local lender familiar with Perry County properties is recommended.

What are the typical closing costs for mortgages in New Augusta?

Closing costs in New Augusta generally range from 2-5% of the home's purchase price, which is consistent with statewide averages. For a typical $150,000 home in the area, expect closing costs between $3,000-$7,500. These include standard fees like origination charges, title insurance, and recording fees, plus Mississippi-specific transfer taxes and prepaid items like property taxes and homeowners insurance.

Are there any local grant programs for homebuyers in New Augusta?

While New Augusta itself doesn't offer city-specific grants, Perry County residents can access the Mississippi Development Authority's Small Municipalities Grant programs periodically. Additionally, local employers like Georgia-Pacific and Sanderson Farms sometimes offer employer-assisted housing programs. Check with the Perry County Economic Development Authority for current availability of these workforce housing incentives.

Mortgage Insights

Finding Your Guide: Why a Local Mortgage Broker is Key to Buying a Home in New Augusta, MS

Searching for a "mortgage broker near me" in New Augusta is more than just a convenience—it's a strategic move that can make all the difference in your homebuying journey. In a close-knit community and a specific real estate landscape like ours, having a local expert in your corner provides advantages you simply won't get from a big, faceless online lender.

New Augusta’s housing market offers a unique blend of rural charm, forested privacy, and accessibility to Hattiesburg and beyond. A local mortgage broker understands the nuances of appraising properties here, from homes on larger wooded lots to those closer to the Leaf River. They have established relationships with appraisers and title companies who know the area, which can help streamline the process and avoid valuation surprises that might derail a deal with an out-of-town lender. Their on-the-ground knowledge is invaluable when it comes to understanding what truly adds value to a home in Perry County.

For Mississippi homebuyers, there are specific regional programs that a knowledgeable broker can help you navigate. The Mississippi Home Corporation (MHC) offers several down payment assistance programs and affordable first-time homebuyer mortgages, such as the MCC (Mortgage Credit Certificate) which can provide a significant annual tax credit. A local broker will be familiar with these state-specific tools and can determine if you qualify, potentially putting homeownership within reach when you thought it might be out of budget. They can also advise on USDA Rural Development loans, which are highly relevant for many properties in and around New Augusta.

So, what actionable steps should you take? First, don't just search online—ask for referrals. Talk to your real estate agent, friends, or family members who have recently purchased locally. They can point you to brokers with proven track records in our community. When you interview potential brokers, ask them directly: "How many loans have you closed in Perry County in the last year?" and "Can you walk me through the Mississippi Home Corporation programs I might be eligible for?" Their answers will tell you a lot.

A great local broker does more than find you a rate; they become your translator and advocate through the entire financial process. They can explain how local property taxes work, connect you with reputable home inspectors, and help you structure your loan to be as strong as possible in a competitive offer situation. In a market where every advantage counts, partnering with a mortgage broker who calls New Augusta "home" too means you’re getting advice rooted in place, not just in theory. Start your search locally, and you’ll be one significant step closer to unlocking the door to your new home.

Nearby Cities

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Why Choose a Mortgage Lender in New Augusta?

Local Market Knowledge

Lenders who understand New Augusta'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 New Augusta and get competitive rates on your home loan.