The Best Mortgage Lenders in Steens, MS
Compare verified mortgage lenders serving Steens, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Steens
Featured Mortgage Lenders
Renasant Bank Mortgage Division
Renasant Bank
Renasant Bank stands as one of Mississippi's most established and trusted mortgage lenders with deep roots in the Golden Triangle region. With over a century of service, they offer specialized expertise in rural and small-town mortgage lending, including USDA loans that are particularly relevant for Steens residents. Their local Columbus branch provides personalized service and understands the unique property values and market conditions of Lowndes County. Renasant consistently receives high marks for their competitive rates, local decision-making authority, and comprehensive mortgage solutions tailored to Mississippi homebuyers.
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Cadence Bank Mortgage Services
Cadence Bank
Cadence Bank brings extensive regional mortgage expertise to Steens residents through their Columbus location. As a longstanding Mississippi financial institution, they offer specialized knowledge of rural property financing and government-backed loan programs. Their mortgage team provides personalized guidance through the entire homebuying process, with particular strength in first-time homebuyer programs and competitive conventional loan options. Cadence is noted for their responsive customer service and deep understanding of the local real estate market throughout Northeast Mississippi.
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Mortgage Associates of Mississippi
Mortgage Associates of Mississippi, LLC
Mortgage Associates of Mississippi is a highly-rated mortgage brokerage that serves clients statewide, including Steens and Lowndes County. As a broker, they offer access to multiple lenders and competitive rate options that can be particularly advantageous for rural homebuyers. They specialize in government-backed loans including USDA rural development loans that are ideal for Steens properties. With over two decades of experience, they've built a reputation for exceptional customer service, transparent communication, and finding the best mortgage solutions for Mississippi residents regardless of location.
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Frequently Asked Questions
Common questions about mortgage lending in Steens, MS
What are the typical mortgage rates available for homebuyers in Steens, MS?
Mortgage rates in Steens generally align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates typically range from 6.5% to 7.25%, though rural properties common in Lowndes County may have slightly different terms. Working with local lenders familiar with Steens' market often provides the most competitive rates.
Are there any special mortgage programs for first-time homebuyers in Steens?
Yes, the Mississippi Home Corporation offers the Mortgage Credit Certificate (MCC) and Down Payment Assistance programs, which are available to Steens residents. These programs can provide significant tax credits and help with down payment requirements, making homeownership more accessible in this rural community where incomes may be lower than urban areas.
How does Steens' rural location affect the mortgage approval process?
Steens' rural classification can impact appraisals and property eligibility for certain loan programs. USDA loans are particularly advantageous here since most of the area qualifies for USDA rural development loans, which offer 100% financing. However, appraisals may take longer due to fewer comparable properties in this small community.
What should I know about property taxes when getting a mortgage in Steens?
Lowndes County property taxes are relatively affordable compared to urban Mississippi areas, with rates around 0.8% of assessed value. When calculating your mortgage payment, expect to escrow approximately $800-$1,200 annually for property taxes on a typical Steens home. Your lender will verify exact amounts during the underwriting process.
Are there any local considerations for manufactured home financing in Steens?
Yes, manufactured homes are common in Steens and require specific financing considerations. They must be permanently affixed to a foundation and meet HUD standards to qualify for traditional mortgages. Local lenders experienced with Lowndes County properties can guide you through the specific requirements for manufactured home loans in this area.
Why Choose a Mortgage Lender in Steens?
Local Market Knowledge
Lenders who understand Steens'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 Steens and get competitive rates on your home loan.