How do I get a mortgage license in Mississippi?
All mortgage licensing is handled through the Nationwide Mortgage Licensing System and Registry (NMLSR). For persons wishing to conduct business on Mississippi residential property, all types of applications are completed through the Nationwide Mortgage Licensing System (NMLS).
What are the most popular mortgage lenders in Mississippi?
Headquartered in Jackson and founded in 1889, Trustmark National Bank is a full-service financial institution and the most popular mortgage lender in Mississippi. Trustmark has dozens of branches throughout the state, and it offers competitive rates on fixed and adjustable mortgages, construction financing and government-backed home loans.
What are the mortgage rates and closing costs in Mississippi?
According to the Consumer Financial Protection Bureau (CFPB), the mortgage rate on 30-year fixed-rate mortgages in Mississippi average 2.875%. And according to 2019 data from ClosingCorp, Mississippi closing costs averaged 1.14% of the sales price, which is much lower than costs in several other states.
Who regulates mortgage brokers in Mississippi?
The Mississippi S.A.F.E. Mortgage Act, under Section 81-18-1, et seq., charges the Mississippi Department of Banking and Consumer Finance (DBCF) with the responsibility for the licensing and regulatory supervision of Mortgage Brokers, Mortgage Lenders and Servicers, and Mortgage Loan Originators operating in Mississippi.