The Best Mortgage Lenders in Taylorsville, MS
Compare verified mortgage lenders serving Taylorsville, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Taylorsville
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years of experience, they offer a wide range of loan products, including government-backed options, making them ideal for first-time homebuyers and refinancers. Their local presence in Hattiesburg ensures personalized attention for Taylorsville residents, backed by high customer satisfaction ratings and a strong reputation for reliability and fast closings.
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Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a highly regarded mortgage lender with a strong regional presence in Mississippi, serving Taylorsville with expertise and flexibility. Founded in 2008, they provide a diverse portfolio of loan types, including specialized programs for veterans and rural homebuyers. Known for their competitive rates and efficient processing, Caliber has built a loyal customer base through transparent communication and a commitment to community involvement, earning high marks for customer service and satisfaction.
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First Commercial Bank
First Commercial Bank
First Commercial Bank is a trusted local institution with deep roots in Mississippi, offering personalized mortgage solutions to Taylorsville homebuyers. Established in 1999, they combine the reliability of a community bank with modern lending practices, providing competitive rates and a full suite of loan options. Their experienced team focuses on building long-term relationships, ensuring a smooth and supportive home financing process, which has earned them consistent high ratings for customer care and local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Taylorsville, MS
What are the current mortgage rates like for homebuyers in Taylorsville, MS?
Mortgage rates in Taylorsville typically align with national averages but can vary based on local lender competition and property types. Currently, rates for 30-year fixed mortgages in the area range from 6.5% to 7.25%, with rural properties sometimes commanding slightly higher rates due to perceived risk. It's best to compare offers from local banks like Bank of Taylorsville alongside regional lenders for the most competitive terms.
Are there any first-time homebuyer programs specifically available in Taylorsville?
Yes, Taylorsville homebuyers can access Mississippi's Mortgage Credit Certificate (MCC) program, which provides a federal tax credit for a portion of mortgage interest paid. Additionally, the Mississippi Home Corporation offers down payment assistance programs that are accessible to Taylorsville residents. Local lenders often have special first-time buyer programs with reduced closing costs or lower down payment requirements.
How does Taylorsville's rural location affect mortgage lending requirements?
Taylorsville's rural classification can work to your advantage through USDA loans, which offer 100% financing for eligible properties and borrowers in designated rural areas. However, some lenders may require additional property inspections for older homes common in the area, and appraisals might take longer due to fewer comparable sales. Conventional loans may have stricter requirements for properties on well and septic systems.
What types of properties in Taylorsville typically qualify for USDA loans?
Most properties within Taylorsville's city limits and surrounding areas qualify for USDA rural development loans, as Smith County is designated eligible. This includes single-family homes, manufactured homes on permanent foundations, and some condos. The property must be located in an eligible rural area and meet USDA's minimum property requirements, which is common for most Taylorsville homes.
Are there local down payment assistance programs for Taylorsville homebuyers?
Yes, through the Mississippi Home Corporation's Down Payment Assistance program, Taylorsville buyers can receive up to $6,000 in assistance that becomes a 0% interest second mortgage. Some local employers, including the school district and medical facilities, may offer housing assistance programs for employees. Local credit unions also sometimes provide special first-time buyer grants with reduced interest rates.
Why Choose a Mortgage Lender in Taylorsville?
Local Market Knowledge
Lenders who understand Taylorsville'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 Taylorsville and get competitive rates on your home loan.