The Best Mortgage Lenders in Washington, MS
Compare verified mortgage lenders serving Washington, Mississippi. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Washington
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender with a strong regional presence in Mississippi, including service to Washington. Founded in 2003, they are known for competitive rates, a wide array of loan products, and exceptional customer service. Their local loan officers in the Jackson area provide personalized support, and they have consistently high ratings for efficiency and closing speed, making them a top choice for homebuyers in Adams County and surrounding regions.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a reputable lender with deep roots in Mississippi, serving Washington and other communities since 1996. They excel in customer satisfaction, offering tailored mortgage solutions and competitive rates. With local expertise and a commitment to community involvement, they have earned numerous positive reviews for their responsive service and ability to handle diverse loan types, including first-time homebuyer programs and refinancing options.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a well-regarded lender known for its efficient processing and strong customer service in Mississippi, including the Washington area. Founded in 2008, they focus on providing a seamless mortgage experience with fast closings and a variety of loan products. Their local presence in Jackson ensures personalized attention, and they have built a solid reputation for reliability and community support, backed by numerous positive customer reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Washington, MS
What are the current mortgage rates like in Washington, MS, and how do they compare to the state average?
Mortgage rates in Washington, MS, are typically very close to the Mississippi state average, which often trends slightly below the national average. However, your specific rate will depend on your credit score, loan type, and down payment. It's wise to compare offers from local lenders like Planters Bank or regional credit unions for the most competitive Washington-specific rates.
Are there any down payment assistance programs available for homebuyers in Washington?
Yes, homebuyers in Washington can access the Mississippi Home Corporation's (MHC) down payment assistance programs, such as the Smart6 Solution, which offers up to 6% in assistance. These programs are particularly valuable in Washington's affordable market, helping to minimize the initial cash needed to purchase a home. You must work with an MHC-approved lender and meet income and credit requirements.
How does Washington's location in a rural area affect my mortgage options?
Washington's rural designation makes many homes eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a significant advantage for qualifying buyers looking at properties in and around the Washington area. To confirm a specific property's eligibility, you can check the USDA's eligibility website.
What should I know about property taxes and insurance when getting a mortgage in Washington?
Property taxes in Washington and Adams County are relatively low compared to national averages, which can help keep your overall monthly mortgage payment affordable. However, due to Mississippi's exposure to severe weather, your lender will require you to carry homeowners insurance, and you may want to consider a separate flood insurance policy depending on the property's location.
As a first-time homebuyer in Washington, what local resources should I be aware of?
First-time homebuyers in Washington should explore the Mississippi Home Corporation's First-Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, consider seeking homebuyer education courses offered by HUD-approved counseling agencies in Mississippi, which can provide valuable guidance tailored to the local market.
Why Choose a Mortgage Lender in Washington?
Local Market Knowledge
Lenders who understand Washington'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 Washington and get competitive rates on your home loan.