Mortgage in Hattiesburg, MS (2026)

Find the best mortgage rates in Hattiesburg, MS. Whether you are purchasing a starter home or refinancing in Hattiesburg, comparing mortgage lenders can save tens of thousands over the loan term.

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Hattiesburg Overview

Hattiesburg is a key market in Mississippi with a population of 85,086 and a median household income of $42,000. The median home price stands at $145,000, shaping the local borrowing landscape.

Rates & Terms

VA loans available to veterans in Hattiesburg often feature the lowest rates and require no down payment or private mortgage insurance.

FHA loans in MS typically offer rates 0.25% to 0.50% higher than conventional loans but require only 3.5% down.

Requirements in Hattiesburg

Jumbo loans in Hattiesburg for amounts exceeding conforming limits require credit scores of 700+, larger down payments, and significant cash reserves.

VA loans require a valid Certificate of Eligibility and meet minimum service requirements; no down payment is required in Hattiesburg.

Mississippi Regulations

Mississippi allows payday lending with regulated fee structures.

  • Usury Limit: 10% (non-licensed), no limit (licensed)
  • Payday Lending: Legal, max $500, 18% fee

Local Market Insights

With a median home price of $145,000, Hattiesburg offers a dynamic housing market for prospective buyers.

Hattiesburg has seen growing home values over the past year, making it a favorable time to buy or refinance.

Borrowing Tips for Hattiesburg

  • Save for closing costs in addition to your down payment; expect 2-5% of the loan amount for closing expenses.
  • Lock your mortgage rate once you have a signed purchase agreement; rates can change daily and cost you thousands.
  • Improve your credit score by 20+ points before applying; even small improvements can lower your rate significantly.

Frequently Asked Questions

Can I get a mortgage with student loan debt in Hattiesburg?

Yes, lenders factor your total debt-to-income ratio. Income-driven repayment plans on federal student loans can help keep your DTI within qualifying limits.

Should I choose a fixed or adjustable-rate mortgage?

Choose a fixed-rate mortgage if you plan to stay in the home long-term and want payment stability. An ARM may save money if you plan to sell or refinance within 5-7 years.

How much down payment do I need for a house in Hattiesburg?

Conventional loans require 3-20% down, FHA loans require 3.5%, and VA loans require 0% down. The median down payment in Hattiesburg is approximately 10-15% of the purchase price.

How long does mortgage approval take in Hattiesburg?

Most lenders can issue a conditional approval within 3-5 business days. Full loan approval and clear-to-close typically take 30-45 days from application.

Important Disclaimer

LoanMatchers is not a lender and does not make credit decisions. We connect consumers with licensed lending partners. All loan terms, rates, and fees are determined by the lender and are subject to credit approval. APRs range from 5.99% to 35.99%. Not all applicants will qualify for the lowest rates. This website provides general information and does not constitute financial, legal, or tax advice. Consult a qualified professional before making financial decisions. Rates and terms are accurate as of 2026 but subject to change without notice.