Home Loan Solutions in the State of Mississippi
For those interested in living the Mississippi lifestyle, our team of home finance experts is ready and waiting to teach you everything you need to know about mortgage basics in the state. At the moment, the average home listing price in Mississippi is $113,531 -- noticeably less than the nationwide median of $261,500. This means it could be a wonderful time to buy a home in The Magnolia State.
Right now, one of the most expensive areas to purchase a home in Mississippi is Oxford, with with a median home listing price of $183,500. In comparison, Hattiesburg's median home value is only $131,700. More surprisingly, in Laurel and even the state capital of Jackson, the median home listing prices are substantially lower than the national and statewide medians, with median home values of $87,500 and $60,200, respectively.
At home.loans, our team is committed to the single purpose of providing you with the best and most up-to-date information about the home buying process in the state of Mississippi. Whether you want to buy a new home, refinance an existing one, or get a conventional or FHA loan, we can't wait to help be a part of your home buying success story!
Best Mississippi Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
Best Mississippi Mortgage Refinance Lender: PrimeLending
When you combine speedy service, local expertise, and a personalized mortgage experience for every borrower, you get the exact formula that has helped to make PrimeLending into the company that it it recognized as today. A veritable powerhouse in the home finance industry, PrimeLending owes much of its success to its people-centric approach to mortgage origination and refinance.
The idea at PrimeLending is to be not only transparent, but to be more flexible to each borrower’s unique needs. This allows the loan officers of PrimeLending to realistically empower home buyers and homeowners alike to pursue the ideal loan options that they want, rather than just force them into any option that they happen to qualify for.
With over 30 years in the industry, their commitment to giving borrowers a rewarding mortgage experience definitely shows. PrimeLending has countless 5-star Zillow reviews, and a customer satisfaction rating of 96%.
Best Mississippi FHA Mortgage Lender: AnnieMac Home Mortgage
While headquartered in Mount Laurel, N.J., AnnieMac Home Mortgage provides FHA, VA, Fannie Mae, and Freddie Mac loans throughout the nation. AnnieMac Home Mortgage is a mid-sized lender, with around 200 direct employees, but over 1,000 affiliate workers around the U.S. And, while AnnieMac Home Mortgage is relatively new, having been founded only in 2010, it has one of the highest ratings on Zillow, which could make it an attractive choice for both first-time and experienced mortgage loan borrowers in the state.
The loan officers of AnnieMac are quite knowledgeable, and are incredibly committed to keeping an open line of communication throughout the mortgage process. Previous customers nationwide tend to agree that their customer service was amazing, and that the mortgage process was seamless and easy.
Best Mississippi VA Mortgage Lender: United Services Automobile Association (USAA)
The United States Automobile Association was originally founded in San Antonio, Texas back in 1922 as a way for Army officers to secure affordable auto insurance, but has since evolved into one of the largest and most trusted banking and lending institutions in the country. The USAA is now a Fortune 500 giant, and the 100th largest corporation in the United States (by total revenue).
When it comes to home finance, there is no surprise that the USAA is one of the biggest VA home loan lenders in the entire country. As a company founded by soldiers almost a century ago, the commitment, respect, care, and dedication to serving the needs of the brave men and women who serve our country has never once wavered.
The USAA has employed expert loan officers who make it their duty to make sure that every loan product, particularly their VA loans, is the best possible mortgage solution for their clients. As a home buyer, there are hardly any lenders who come close to providing such excellent customer care while delivering a mortgage loan that has just the right terms and is still impressively affordable.
Best Mississippi Home Equity Lender: Regions Bank
A popular bank of choice for many, Regions Bank operates out of 1371 branches spread across 15 states. Regions Bank is an exemplary institution that prides itself on its commitment to to its customers, associates, shareholders, and communities.
Regions Bank may not be as large as some of the banking giants in the country, but they have portrayed the same if not more dedication to helping their clients obtain affordable financing solutions. As a part of their commitment to their customers, they ensure that only the cream of the crop loan officers get employed with them.
Home equity solutions through Regions Bank are also dealt with by highly knowledgeable loan officers, who make themselves readily available for their clients. With regions, getting a home equity line of credit is a simple, and stress free event!
Shop Around Before You Get a Mississippi Home Loan
Our picks for the best mortgage lenders in Mississippi may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!