The Best Mortgage Lenders in Union, MS
Compare verified mortgage lenders serving Union, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Union
Featured Mortgage Lenders
BankPlus Mortgage Department
BankPlus
BankPlus stands as the most established local financial institution directly serving Union with a physical branch presence. As a community-focused bank with over a century of service in Mississippi, they offer personalized mortgage services with deep local market knowledge. Their mortgage team provides competitive rates on all major loan types with the advantage of local underwriting and decision-making. Customers consistently praise their responsive service, transparent process, and commitment to the Union community, making them the top choice for residents seeking both convenience and trusted local expertise.
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Peoples Bank Mortgage Division
Peoples Bank
Peoples Bank maintains a strong physical presence in Union with a local branch and dedicated mortgage services. As another century-old Mississippi institution, they bring extensive experience with local property markets and community lending. Their mortgage specialists are praised for guiding borrowers through the entire process with exceptional attention to detail and clear communication. The bank offers competitive rates particularly strong in government-backed loans and first-time homebuyer programs. Their longstanding commitment to Union and surrounding communities ensures reliable, personalized service with the stability of a well-established local bank.
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The Mortgage Company
The Mortgage Company
While based in Jackson, The Mortgage Company consistently ranks as one of Mississippi's highest-rated mortgage lenders and actively serves the Union area. With nearly 25 years of specialized mortgage experience, they offer extensive loan options and particularly excel in complex financing scenarios. Their team of dedicated mortgage professionals receives outstanding reviews for their expertise, efficiency, and customer-focused approach. As a mortgage broker with access to multiple lenders, they can often secure highly competitive rates and flexible terms. Their reputation for smooth closings and exceptional communication makes them a top regional choice despite the slightly longer distance from Union.
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Frequently Asked Questions
Common questions about mortgage lending in Union, MS
What are the current average mortgage rates for homebuyers in Union, MS?
Mortgage rates in Union typically align with national averages but can be slightly lower due to Mississippi's affordable housing market. As of late 2024, conventional 30-year fixed rates in Union generally range between 6.0-6.5%, though individual rates depend on credit score and down payment. Local lenders like Union County's community banks often offer competitive rates worth comparing.
Are there any first-time homebuyer programs specifically available in Union, MS?
Yes, Union homebuyers can access the Mississippi Home Corporation's Mortgage Credit Certificate program, which provides a federal tax credit. Additionally, the MHC's Down Payment Assistance program offers up to $6,000 in forgivable loans for eligible buyers in Union. These programs are particularly valuable given Union's median home prices around $150,000.
How does Union's rural location affect mortgage lending options?
Union's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment required. This is especially beneficial given the agricultural surroundings and lower population density. Several local lenders have expertise with USDA loans and can guide buyers through the property eligibility verification process.
What special considerations should I know about when getting a mortgage for an older home in Union's historic areas?
Many homes in Union's older neighborhoods were built before 1978, requiring lead-based paint disclosures and potentially affecting FHA loan requirements. Local appraisers are familiar with valuing historic properties, but you may need additional inspections for older foundations and electrical systems common in Union's vintage housing stock.
How long does the mortgage approval process typically take with Union's local lenders?
With Union's smaller community banks and credit unions, mortgage approvals often take 30-45 days, which can be faster than larger institutions. The streamlined local processes and familiar relationships with area appraisers and title companies help expedite closings. However, seasonal factors like agricultural harvest periods can occasionally affect timing.
Why Choose a Mortgage Lender in Union?
Local Market Knowledge
Lenders who understand Union'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 Union and get competitive rates on your home loan.