Hattiesburg, Mississippi

Hattiesburg, Mississippi Mortgage Financing

History and Geography of Hattiesburg, Mississippi

Hattiesburg is a city located in southeastern Mississippi, known for its rich history, vibrant culture, and beautiful natural surroundings. Founded in 1882, Hattiesburg was named after the wife of Captain William H. Hardy, the president of the Gulf and Ship Island Railroad. The city grew rapidly due to its location as a railroad hub and later as a center for the timber and lumber industries.

Today, Hattiesburg is home to the University of Southern Mississippi and William Carey University, giving the city a lively and diverse atmosphere. The city's history is evident in its architecture, with many historic buildings and homes still standing, including the iconic Saenger Theater and the historic district of downtown Hattiesburg.

Geographically, Hattiesburg is situated in a region known for its rolling hills, pine forests, and abundant wildlife. The city is also located near the De Soto National Forest, providing residents with access to outdoor recreational opportunities such as hiking, fishing, and camping.

Famous People from Hattiesburg

Hattiesburg has been home to several notable individuals, including musician and actor Elvis Presley, who lived in Hattiesburg briefly during his childhood. Other famous residents include NFL player Brett Favre, author and civil rights activist Richard Wright, and musician and actor Leontyne Price.

Current State of the Housing Market in Hattiesburg

The housing market in Hattiesburg is currently stable, with a range of housing options available to buyers. According to data from the National Association of Realtors, the median home price in Hattiesburg is approximately $150,000, making it an affordable option for homebuyers.

The market in Hattiesburg includes a mix of housing types, including single-family homes, townhouses, and condominiums. There is also a strong rental market in Hattiesburg, with many residents choosing to rent rather than buy.

Home Mortgage Financing Space in and around Hattiesburg

Mortgage financing in Hattiesburg is readily available through a variety of lenders, including banks, credit unions, and mortgage companies. The market offers a range of loan products to suit different needs, including conventional loans, FHA loans, VA loans, and USDA loans.

Interest rates in Hattiesburg are currently in line with national averages. As of April 2024, the average interest rate for a 30-year fixed-rate mortgage in Hattiesburg is approximately 7.25%, though rates can vary based on factors such as the borrower's credit score and the type of loan.

Overall, the residential real estate market in Hattiesburg presents opportunities for homebuyers, with affordable prices and a variety of mortgage options available.

Ready to Find Your Dream Home in Hattiesburg, MS?

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Let us help you make your homeownership dreams a reality in Hattiesburg, Mississippi. Contact us at 877-348-1003 or email us at hello@fitmtg.com to get started on your mortgage financing journey today.