The Best Mortgage Lenders in Poplarville, MS
Compare verified mortgage lenders serving Poplarville, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Poplarville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly-rated national lender with a strong local presence in South Mississippi, including Poplarville. Known for competitive rates and exceptional customer service, they offer a wide range of loan options with personalized support from local loan officers. Their extensive experience and high customer satisfaction ratings make them a top choice for homebuyers in the area.
Loan Types:
Magnolia State Bank
Magnolia State Bank
Magnolia State Bank is a community-focused regional bank serving Poplarville and surrounding areas with reliable mortgage services. Founded in 1999, they emphasize personalized customer care and competitive loan products, including government-backed options. Their strong local reputation, adherence to licensing compliance, and commitment to the community make them a trusted lender for home financing in South Mississippi.
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New American Funding
New American Funding
New American Funding is a top-rated national mortgage lender with a proven track record of serving Poplarville and Mississippi residents. They offer a diverse portfolio of loan types with competitive rates and have built a reputation for excellent customer service and efficient processing. Their local loan agents provide personalized support, ensuring a smooth mortgage experience for buyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Poplarville, MS
What are the current average mortgage rates for homebuyers in Poplarville, MS?
Mortgage rates in Poplarville typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates generally range from 6.5% to 7.25%, while 15-year fixed rates are approximately 5.75% to 6.5%. It's best to check with local institutions like The First, A National Banking Association or Community Bank for the most current offers, as they may have special promotions for Pearl River County residents.
Are there any first-time homebuyer programs specifically available in Poplarville?
Yes, Poplarville homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the USDA Rural Development loan is particularly relevant since Poplarville qualifies as a rural area, offering 100% financing with no down payment required. Local lenders are well-versed in these programs and can help determine your eligibility.
How does Poplarville's rural location affect my mortgage options?
Poplarville's designation as a rural community opens up valuable USDA loan opportunities that aren't available in urban areas. These loans require no down payment and have more flexible credit requirements. However, you may find fewer local lender options compared to larger cities, so working with regional banks or mortgage brokers familiar with Pearl River County is advantageous.
What should I know about property taxes when getting a mortgage in Poplarville?
Pearl River County property taxes are relatively low compared to national averages, currently around 0.45% of assessed value. When calculating your mortgage payment, expect to escrow approximately $600-$900 annually for property taxes on a typical $150,000-$200,000 home. Your lender will help estimate these costs during the pre-approval process based on the specific property.
Are there local down payment assistance programs for Poplarville homebuyers?
Yes, through the Mississippi Home Corporation, Poplarville buyers may qualify for the Smart6 Solution program offering up to $6,000 in down payment assistance. Some local employers, including Pearl River Community College and Pearl River County Hospital, may also offer housing assistance programs for employees. These can be combined with other first-time homebuyer programs for maximum benefit.
Why Choose a Mortgage Lender in Poplarville?
Local Market Knowledge
Lenders who understand Poplarville'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 Poplarville and get competitive rates on your home loan.