The Best Mortgage Lenders in Purvis, MS
Compare verified mortgage lenders serving Purvis, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Purvis
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in the Hattiesburg area, serving Purvis residents with exceptional service. Known for competitive rates and a wide range of loan options, they have built a reputation for transparency and efficiency. Their team of local experts provides personalized guidance, making them a preferred choice for first-time homebuyers and refinancing clients alike, with high customer satisfaction scores and numerous industry awards.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its fast processing and community-focused approach in the Purvis and greater Hattiesburg region. With a emphasis on digital convenience and local service, they offer competitive rates and a variety of loan products. Their dedicated local loan officers ensure a smooth mortgage experience, backed by strong customer reviews highlighting responsiveness and reliability, making them a trusted option for home purchases and refinances.
Loan Types:
New American Funding
New American Funding
New American Funding stands out for its diverse loan programs and commitment to serving underserved communities, including Purvis residents. They offer competitive rates and personalized service through their local Hattiesburg branch, with a focus on FHA and VA loans. High customer ratings reflect their efficiency and support, and they provide educational resources to help borrowers make informed decisions, ensuring a reliable and satisfying mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Purvis, MS
What are the current average mortgage rates for homebuyers in Purvis, MS?
Mortgage rates in Purvis typically align with national averages but can vary based on local lender competition. Currently, 30-year fixed rates in the Purvis area range from 6.5% to 7.25%, depending on credit score and loan type. It's recommended to compare rates from local credit unions like The First, A National Banking Association, and regional banks serving Lamar County.
Are there any first-time homebuyer programs specifically available in Purvis?
Yes, Purvis homebuyers can access the Mississippi Home Corporation's Home in 5 Advantage program, which offers down payment assistance and competitive rates. Additionally, Lamar County residents may qualify for USDA rural development loans since Purvis meets rural designation criteria, providing 100% financing options for eligible buyers.
How does Purvis's rural location affect mortgage lending options?
Purvis's rural designation expands mortgage options significantly through USDA loans, which offer 100% financing with no down payment required. Many properties in and around Purvis also qualify for these favorable terms. Local lenders are particularly experienced with agricultural and rural property financing, which benefits buyers looking at larger lots or acreage.
What special considerations should I know about property taxes when getting a mortgage in Purvis?
Lamar County property taxes are relatively low compared to national averages, currently around 0.6-0.8% of assessed value. When calculating your mortgage payment, expect to escrow approximately $800-$1,200 annually for property taxes on a typical Purvis home. Your lender will help estimate exact amounts based on the specific property's assessment.
How competitive is the Purvis housing market, and how does that affect mortgage pre-approval?
Purvis's housing market remains moderately competitive with median home prices around $200,000-$250,000. Having a strong pre-approval from a local lender is crucial when making offers, as sellers often prefer buyers using established Mississippi lenders. Quick closing timelines (30-45 days) are common, so ensure your mortgage documentation is ready.
Why Choose a Mortgage Lender in Purvis?
Local Market Knowledge
Lenders who understand Purvis'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 Purvis and get competitive rates on your home loan.