The Best Mortgage Lenders in Soso, MS
Compare verified mortgage lenders serving Soso, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Soso
Featured Mortgage Lenders
The First Bank
The First, A National Banking Association
The First is a highly-rated regional bank headquartered in Hattiesburg, MS, with a strong presence in South Mississippi, including Soso. Known for personalized service and deep community roots, they offer a wide range of mortgage products with competitive rates. Their long-standing reputation (since 1996) and local expertise make them a top choice for homebuyers in the area, with emphasis on customer satisfaction and flexible lending options.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with excellent ratings and a strong digital platform, serving Soso and all of Mississippi. Founded in 2000, they are praised for competitive rates, fast closings, and exceptional customer service. Their extensive loan options and user-friendly online tools make them a popular choice for borrowers seeking reliability and innovation in mortgage lending.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated national lender known for its community-focused approach and efficient loan processing. Since 2008, they have built a reputation for high customer satisfaction, offering various mortgage programs tailored to Mississippi homebuyers. Their commitment to local service and competitive rates, combined with a strong track record, makes them a reliable option for Soso residents.
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Frequently Asked Questions
Common questions about mortgage lending in Soso, MS
What are the current average mortgage rates in Soso, MS, and how do they compare to state averages?
Current mortgage rates in Soso typically align closely with Mississippi state averages, often ranging between 6.5% and 7% for 30-year fixed loans. However, local lenders in Jones County may offer competitive rates slightly below state averages due to lower operational costs. It's recommended to compare offers from both local credit unions like Keesler Federal and regional banks for the best terms.
Are there any first-time homebuyer programs specifically available for Soso residents?
Yes, Soso 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 Soso qualifies as a rural area, offering 100% financing with no down payment requirement. Local lenders can also guide you through these programs' specific application processes.
How does Soso's rural location affect mortgage lending requirements and property appraisal processes?
Soso's rural character means appraisals may take longer as appraisers often travel from larger nearby cities like Hattiesburg. Lenders may require additional property inspections for older homes common in the area. USDA loans are particularly favorable here since the entire area qualifies for rural housing programs with flexible credit requirements.
What types of properties in Soso typically qualify for USDA rural housing loans?
Most single-family homes in Soso qualify for USDA loans since the entire area is designated rural. This includes manufactured homes on permanent foundations, existing homes, and new construction. Properties must meet USDA safety standards and be located within the Soso zip code area, which is automatically eligible for these zero-down-payment loans.
Are there local down payment assistance programs available for buying a home in Soso?
Yes, through the Mississippi Home Corporation, Soso buyers can access the Down Payment Assistance program which provides up to $6,000 in assistance. The City of Laurel (serving the Soso area) also occasionally offers housing rehabilitation and purchase programs. Many local employers, including Jasper General Hospital and school districts, may offer employer-assisted housing programs worth exploring.
Why Choose a Mortgage Lender in Soso?
Local Market Knowledge
Lenders who understand Soso'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 Soso and get competitive rates on your home loan.