Mississippi Mortgage Lenders and Rates (MS)

We all know that finding the right mortgage and rate in Mississippi can save you thousands.  Mortgage-Info.us was created with that goal in mind.  If you are looking for lenders, Mortgage Rates, or Mortgage Brokers – we got it.  Plus when you fill out a mortgage quote form from Mortgage-Info.us, we will get you offers from 2-4 different lenders, meaning lenders are going to compete for your loan – and that will save you money.

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Featured Mortgage Lenders in Mississippi

Mississippi Mortgage Quick Facts

Mississippi State Population: 2,844,658
Median Mississippi Home Price: $71,400 
Total Mississippi Housing Units: 
Mississippi Home Ownership Rate
: 72.3%

Types of Mortgage Loans Available in Mississippi

How Your Credit Score Affects Your Mortgage Rate

To start, you’ll need to know what your current credit score is. You should compare that against the average Mississippi consumer credit score which is 667. And the national average credit score is 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, among which is your credit score.

Mississippi Mortgage State Laws:

Only in Mississippi

Housing prices have increased five percent a year since 2002. Seventeen percent of mortgages are interest only. Forty six percent are adjustable rate mortgages (ARMS). The Mortgages Laws for Maryland can be found in the Mississippi Mortgage Consumer Protection Act, Chapter 19.


Applicants must pay a $750 fee. Applicants must either prove they have two years of experience in the industry or take an exam. Applicants must submit fingerprints, and be willing to undergo a criminal history investigation by the FBI. The National Association of Mortgage Brokers helps anyone interested obtain a broker license.


Both judicial and non-judicial proceedings are practiced in Mississippi. Both processes last from three to four months. The borrower does not have right of redemption after the foreclosure sale. Deficiency judgments are not permitted.

Mississippi Mortgage Fraud Office
White Collar Crime Supervisor
100 W. Capitol Street, Room 1553 FOB
Jackson, MS 39269-1601
Phone: (601) 948-5000

Mississippi Counties:

Adams County, Alcorn County, Amite County, Attala County, Benton County, Bolivar County, Calhoun County, Carroll County, Chickasaw County, Choctaw County, Clairborne County, Clarke County, Clay County, Coahoma County, Copiah County, Covington County, DeSoto County, Forres County, Franklin County, George County, Greene County, Grenada County, Hancock County, Harrison County, Hinds County, Holmes County, Humphreys County, Issaquena County, Itawamba County, Jackson County, Jasper County, Jefferon County, Jefferson Davis County, Jones County, Kemper County, LaFayette County, Lamar County, Lauderdale County, Lawrence County, Leake County, Lee County, Leflore County, Lincoln County, Lowndes County, Madison County, Marion County, Marshall County, Monroe County, Montgomery County, Neshoba County, Newton County, Noxubee County, Oktibbeha County, Panola County, Pearl River County, Perry County, Pike County, Pontotoc County, Prentiss County, Quitman County, Rankin County, Scott County, Sharkey County, Simpson County, Smith County, Stone County, Sunflower County, Tallahatchie County, Tate County, Tippah County, Tishomingo County, Tunica County, Union County, Walthall County, Warren County, Washington County, Wayne County, Webster County, Wilkinson County, Winstone County, Yalobusha County, Yazoo County

-US Census

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.

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