The median home price in Laurel, Mississippi is approximately $125,000. Prices vary by neighborhood and property type, with some areas offering more affordable options and others featuring higher-end homes. For example, the Oak Grove neighborhood has a mix of older and newer homes, while the Laurel Heights neighborhood features more upscale properties. Contact NMHL for current market data and to discuss your homebuying goals.

NMHL offers a range of mortgage programs in Laurel, including FHA loans with as little as 3.5% down, VA loans with zero down payment options, and conventional loans with flexible credit score requirements. We also offer jumbo loans and specialty mortgage programs for borrowers with unique financial situations. Our loan officers can help you find the best program for your needs and guide you through the application process.

Property taxes in Laurel average approximately 0.75% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $125,000 home, you can expect to pay around $937 per year in property taxes. Keep in mind that property tax rates can vary depending on the location and value of the property.

Laurel has several charming neighborhoods to choose from, each with its own unique character. The Oak Grove neighborhood offers a mix of older and newer homes, while the Laurel Heights neighborhood features more upscale properties. The Downtown Laurel area is also popular, with its historic homes and convenient access to local amenities. Our loan officers can help you explore the different neighborhoods and find the best fit for your lifestyle and budget.

Laurel has several school districts to choose from, including the Laurel School District and the Jones County School District. The Laurel School District serves the city of Laurel and surrounding areas, with several highly-rated schools in the area. The district has a student-teacher ratio of 14:1 and offers a range of extracurricular activities and sports programs. Homebuyers should consider the quality of local schools when choosing a neighborhood, as it can impact property values and resale potential.

Mississippi offers several programs to support first-time homebuyers, including the Mississippi Home Corporation's (MHC) Down Payment Assistance Program. This program provides up to 4% of the home's purchase price in down payment assistance, which can be used for FHA, VA, or conventional loans. NMHL also offers a range of mortgage programs with low down payment options, including FHA loans with as little as 3.5% down. Our loan officers can help you explore these options and find the best fit for your needs.

Yes, NMHL offers mortgage programs for borrowers with bad credit. Our loan officers can help you explore options for credit repair and mortgage approval. We offer FHA loans with more lenient credit score requirements, as well as specialty mortgage programs for borrowers with unique financial situations. Contact us to discuss your credit situation and find a mortgage solution that works for you.