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Showing 6 home equity loan specialists in Petal, MS
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Burch Financial Of Petal
1233 MS-42 suite 100, Petal, MS 39465
(601) 699-5200
burchfinancialofpetal.com
Noah Lambert, Mortgage Loan Originator - Hancock Whitney Bank
535 E Central Ave, Petal, MS 39465
(601) 584-8192
locations.hancockwhitney.com
What Does a Home Equity Loan Specialist in Petal Cost?
Typical costs for a home equity loan specialist in Mississippi include an origination fee of 0.5 to 1.5 percent of the loan amount, plus appraisal fees ranging from 300 to 600 dollars. Closing costs may total 2 to 5 percent of the loan value. These fees vary by lender and loan size. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is a home equity loan specialist in Petal?
A home equity loan specialist is a licensed professional who helps homeowners in Petal apply for loans using their home equity as collateral. They assist with paperwork, explain terms, and connect you with lenders that operate in Mississippi.
What are the requirements for a home equity loan in Mississippi?
In Mississippi, you generally need at least 20 percent equity in your home, a good credit score, and stable income. The loan amount cannot exceed 80 percent of the propertys appraised value under state law.
How long does it take to get a home equity loan in Petal?
The process typically takes 2 to 6 weeks from application to funding. This includes appraisal, underwriting, and closing. Mississippi law requires a three-day right of rescission after closing for most home equity loans.