The Best Mortgage Lenders in Tylertown, MS
Compare verified mortgage lenders serving Tylertown, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Tylertown
Featured Mortgage Lenders
The First Bank
The First Bank
As the primary local bank headquartered directly in Tylertown, The First Bank offers exceptional personalized mortgage services with deep community roots. With over a century of operation, they provide local underwriting decisions and relationship-based lending that understands the unique needs of Walthall County residents. Their mortgage specialists live and work in the community, offering competitive rates and flexible terms for first-time homebuyers, agricultural properties, and residential construction loans.
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Magnolia State Bank
Magnolia State Bank
Serving Tylertown and Walthall County from their nearby Magnolia location, this established community bank has built a strong reputation for mortgage lending throughout Southwest Mississippi. They offer local decision-making and personalized service with competitive rates on various loan programs. Their experienced loan officers specialize in rural property financing and understand the local real estate market dynamics, making them an excellent choice for Tylertown area homebuyers seeking traditional banking relationships.
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Churchill Mortgage
Churchill Mortgage Corporation
While not locally headquartered, Churchill Mortgage maintains a strong presence throughout Mississippi with exceptional customer satisfaction ratings. They specialize in providing comprehensive mortgage education and guidance through the entire home buying process. Their loan officers serving the Tylertown area are known for transparent communication, competitive rates, and efficient processing. Churchill is particularly strong with VA loans and first-time homebuyer programs, offering digital convenience combined with personalized service for Tylertown residents.
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Frequently Asked Questions
Common questions about mortgage lending in Tylertown, MS
What are the current average mortgage rates for homebuyers in Tylertown, MS?
Current mortgage rates in Tylertown typically run slightly below national averages, with 30-year fixed rates generally ranging from 6.25% to 7% depending on credit score and loan type. Local lenders like Planters Bank and The Citizens Bank often offer competitive rates specifically for Walthall County residents. It's best to compare rates from multiple local lenders as they may have special programs for rural areas like ours.
Are there any first-time homebuyer programs specifically available in Tylertown?
Yes, Tylertown homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, local lenders often participate in USDA Rural Development loans, which are particularly beneficial for Tylertown given our rural designation. These programs can offer low down payments and below-market interest rates for qualifying buyers.
How does Tylertown's rural location affect mortgage options?
Tylertown's rural classification makes many residents eligible for USDA loans, which require no down payment and offer competitive rates. Local appraisals may also consider different factors than urban areas, such as well and septic systems rather than municipal utilities. Many lenders familiar with Walthall County understand these rural considerations and can guide you through the specific requirements.
What should I know about property taxes when getting a mortgage in Tylertown?
Walthall County property taxes are relatively low compared to national averages, typically around 0.6-0.8% of assessed value. Your mortgage lender will include these taxes in your monthly escrow payment. It's important to note that Tylertown properties may qualify for Mississippi's homestead exemption, which can significantly reduce your tax burden if the home is your primary residence.
Are there local down payment assistance programs for Tylertown homebuyers?
Yes, through the Mississippi Home Corporation, Tylertown buyers may qualify for down payment assistance grants and second mortgage programs. Local lenders often have information about community-specific programs, and some work with the Walthall County Development Authority on housing initiatives. These programs can provide thousands of dollars in assistance for qualifying income levels and property types.
Why Choose a Mortgage Lender in Tylertown?
Local Market Knowledge
Lenders who understand Tylertown'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 Tylertown and get competitive rates on your home loan.