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.
Available Loan Programs in New Augusta
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
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.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
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.
Loan Types:
New American Funding
New American Funding
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.
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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.
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.