Hattiesburg, MS Mortgage Company

Let Us Help You With Your Mortgage Needs

Mortgage LendersLooking for an experienced mortgage company in Hattiesburg, Mississippi? Look no further than JTS & Co. We can be your trusted source for all your mortgage needs. Whether you are looking for a first mortgage, a refinance, or some cash out of your home's equity, we are here to serve you. You will be hard pressed to find an easier, more streamlined process than what we have, and we love making homeowners out of our clients.

There is a Difference in Mortgage Companies in Hattiesburg

At JTS & Co., we strive to make your mortgage lending experience as stress-free as possible. We know how confusing and intimidating applying for a home loan can be. When you work with our Hattiesburg, MS mortgage lenders, they will put your mind at ease. That is because we have streamlined our mortgage process, making it one of the easiest and fastest ways to a mortgage loan. Our online resources, low interest rates, and amazing service are like nothing you have seen elsewhere.

Because we know that not all Hattiesburg mortgage companies are alike, we strive to make your time with us worthwhile. With all of our customers, we work hard to meet your expectations, all of the time. If you are wondering about mortgage loans and how to procure one, let us go over them for you so you know what you might be getting into.

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    Variety of Mortgages in Hattiesburg, MS

    In a world of diversity, many types of mortgages exist. However, all of them rely on certain requirements.

    The first is a conventional mortgage, which is the most common mortgage loan available. With a conventional mortgage, your interest rate stays the same for the life of the loan. Most often, you must have a credit score of 620 or higher, and your down payment will be equal to at least 5% of the loan value you are seeking. With a conventional loan, you can purchase just about any property, anywhere in the United States. Whatever your interest rate is on the date that you close is the same interest rate you will have for the length of the loan.

    Next is an FHA loan, which is a government-backed loan. Usually, an FHA loan is for people with a lot of debt or not-so-great credit scores. To qualify, you need to have a credit score of at least 600 and a down payment of 3.5%. There is also something called Private Mortgage Insurance (PMI) which you will have to carry on the loan. There are different ways to work PMI when it comes to your FHA loan though, and our mortgage specialists will tell you what they are.

    If you are a veteran or currently enlisted in the military, check out a VA Loan. VA loans are special government-backed loans for men and women who are currently serving, or have served, in the armed forces. There are service requirements to be met, depending on which branch of the military you serve in, and the qualifications are different for each one. With a VA loan, you can purchase a home for 0% down if you have a credit score of 600 or higher.

    For older homeowners there is a reverse mortgage. This type of mortgage is for homeowners who are 62 years of age or older. With a reverse mortgage, you no longer make monthly mortgage payments. Your lender makes payments to you, using the equity in your home. Reverse mortgages have their ups and downs, and it is best to discuss your options with your Hattiesburg mortgage expert.

    If you are looking for a bigger place, think about a jumbo loan. A jumbo loan makes a high-end home purchase possible. You can buy a luxury property at a great rate with a jumbo loan. There are other Hattiesburg, MS mortgage loan companies that no longer offer jumbo loans, but at JTS & Co., we are one of the few originators that make them available to you.

    Also, if you already own a home, try out a refinance loan. This is for homeowners that want a lower interest rate, which is something we can do for you as well. With a refinance, you can get a lower interest rate, get money from your equity, and switch from an adjustable-rate to a fixed-rate mortgage easily.

    A Little Bit on Mortgage Terms

    It is also helpful to be familiar with some of the most common mortgage terms.

    First there is a 30-year fixed-rate. With this type of term, you will pay your monthly mortgage payment, for 30 years, at the same interest rate. Fixed-rate loans are great for people with very predictable income.

    There is also a 15-year fixed-rate. Instead of paying your mortgage loan for 30 years, you pay for 15 years instead. The interest rate remains the same, and there are additional benefits, such as lower average interest rates and paying less interest on the life of the loan. Keep in mind that you will have a larger monthly payment, because you are paying off the loan in 15 years and not in 30 years.

    There are also 5/1 ARMs, which are adjustable rate mortgages. All ARMs begin with a period of fixed interest, say for the first year. After that, your lender will recalculate your interest rate based on market interest rates. This means your rate fluctuates, either up or down, as the economy rises and falls.

    Let JTS & Co. Be Your Hattiesburg, MS Mortgage Company

    When it comes to mortgages, you want the best company looking out for you. That is where we come in. Look to us for:

    • Low interest rates
    • Streamlined, fast and easy processes
    • A variety of loan types and terms available
    • Fast closing times
    • A trusted professional mortgage lender

    When you must be out of your home or apartment quickly, there is no time for wondering what to do next. Our Hattiesburg, MS mortgage broker will find the right loan for you, expedite the process, and get you to closing quickly. Nowadays, all of our paperwork is done online, which makes things move along like never before.

    Forget those aggressive salespeople trying to sell you a mortgage that is not right for you. With our mortgage resources, you will not be filling out endless documents and applications any longer. The mortgage lenders at JTS & Co. are waiting to hear from you.

    Your Time is Valuable

    We know that you are busy with a million things, so we’re more than willing to work around your schedule. We can meet via phone or in-person – whichever you prefer and whenever it is right for you.

    Clear Communication

    Wondering where your loan currently stands? Reach out to us at any time, and we’ll provide real-time updates. From application to closing, you’ll be kept in the lending loop at each point of the process.