Home financing in Union County.
County-by-county financing guides. No paperwork. No social. No ID.
2 institutions are headquartered inside the Union County line, and 1 more keep a branch here. Below, we say which is which.
Not this lane? Business FinancingPersonal Financing
The doors in Union County.
The CDFIs, credit unions, and microlenders that actually say yes — county by county, in two languages. We are not a lender. Nobody paid to be listed. And where a county has no good doors, we say so.
- 3
- DOORS HERE
- 2
- BASED HERE
- 44
- MS COUNTIES WITH DOORS
- Lane
- Home Financing
- People
- 28Kresidents of Union County
- Elsewhere in MS
- Hinds County →17 doors — the biggest list of any other county in Mississippi
- State
- Mississippi →44 of 82 counties hold a door in this lane
Certified by the U.S. Treasury to lend where a bank will not. Nonprofit, patient, and used to a file that is not clean.
BNA Bancshares, Inc. · BNA BankOwned by their members, not by shareholders. They look at your whole story rather than a score, and that is the difference when a bank says no.
Communityamerica Credit Union- BNA Bancshares, Inc.Community lending
- BNA BankPersonal · Business capital
Based elsewhere, with a member-facing office inside the Union County line. You can walk in.
- Communityamerica Credit UnionPersonal · Home · Business capital
- Mission Asset FundAccepts ITIN
Zero-interest lending circles and credit building. SSN or ITIN accepted. Works through nonprofit partners across the country.
Personal - Accion Opportunity FundAccepts ITIN
Nonprofit small-business lender. Accepts ITIN in place of SSN. Serves most states, in English and Spanish.
Business capital - Grameen AmericaAccepts ITIN
Microloans for women entrepreneurs. Requires photo ID and proof of address — no SSN requirement. Branches in major metro areas.
Business capital
2 of the 3 doors inside the county line are CDFI-certified.
The U.S. Treasury certifies them to lend to the people banks pass over. It is a loan, not a favour.
How to read this list.
We do not ask for your name, your email, or your number. Nothing on this page changes based on who you are.
A door is headquartered here when its head office sits inside the county line. The rest are based elsewhere and keep a branch you can walk into. We list both, and we label which is which.
Every institution on this page comes from public federal data — the CDFI Fund certified list (Aug 2026), NCUA credit union data (Jun 2026), and the SBA microloan intermediary list (Sep 2026) — plus a short national tier we verified by hand. We refresh each list as its agency publishes. No listing is paid.
Buying or financing a home in Union County, Mississippi takes preparation, the right local partners, and a clear understanding of what programs are available to you. This guide walks you through what home financing is, who qualifies, what documents you'll need, and which local lenders and community organizations actually serve this area. We highlight Mississippi-specific programs and flag the warning signs of predatory lending so you can move forward with confidence and no pressure.
What Is Home Financing?
Home financing is the process of borrowing money to purchase, build, or improve a home — and agreeing to repay that amount over time, usually with interest.
The most common type is a mortgage loan, where the home itself serves as collateral.
Loan terms typically range from 15 to 30 years, and your monthly payment covers both the loan balance (principal) and the interest charged by the lender.
There are several types of home loans available to buyers in Union County:
- Conventional loans are offered by banks, credit unions, and mortgage companies. They typically require a credit score of 620 or higher and a down payment of 3–20%.
- FHA loans are backed by the federal government and allow lower credit scores (as low as 580) and down payments as low as 3.5%. They are a common starting point for first-time buyers.
- USDA Rural Development loans are especially relevant in Union County. Because much of the county is classified as rural, many properties here qualify for zero-down-payment USDA loans for low-to-moderate income buyers.
- VA loans are available to eligible veterans, active-duty service members, and surviving spouses. They require no down payment and no private mortgage insurance.
- ITIN loans are designed for borrowers who do not have a Social Security Number but do have an Individual Taxpayer Identification Number (ITIN). Several community lenders in Mississippi offer these.
No matter which loan type fits your situation, the most important first step is connecting with a trustworthy local lender or housing counselor who can help you understand your real options — without pressure.
Forget what the banks say.
Union County is a small, largely rural county in northeastern Mississippi.
The county seat is New Albany, and the local economy is anchored by manufacturing, agriculture, small retail, and service trades.
Many residents work as solo contractors, tradespeople, or in hourly positions — income types that require a little extra documentation but absolutely do qualify for home financing.
General qualification factors lenders look at:
- Credit history and credit score
- Stable income (at least 2 years of documented income history is standard)
- Debt-to-income ratio (your monthly debts compared to your monthly income)
- Down payment funds and their source
- Employment or self-employment documentation
For solo contractors and self-employed borrowers: Lenders will typically ask for two years of tax returns and may average your income across those years. If your income varies season to season — common in construction, landscaping, and agriculture — a lender experienced with self-employed borrowers can make a real difference.
For ITIN borrowers: If you do not have a Social Security Number, an ITIN (Individual Taxpayer Identification Number) may qualify you for a home loan through certain community lenders and credit unions. You will generally need at least one to two years of ITIN tax filing history, steady income, and some down payment funds.
USDA Rural Development eligibility: Much of Union County falls within USDA-eligible rural zones. Income limits apply and are adjusted for household size — in this region, the limits are generally modest but accessible to working families. A USDA loan can mean no down payment required, which removes one of the biggest barriers to homeownership.
First-time buyers: Mississippi Home Corporation (MHC) programs are available statewide and are especially valuable for first-time buyers in counties like Union where home prices remain relatively affordable, stretching assistance dollars further.
Get your papers in order.
Getting your paperwork organized early saves time and reduces stress during the loan process. Below is a practical checklist of what most lenders will ask for:
Identity and residency:
- Government-issued photo ID (driver's license, passport, or consular ID card)
- Social Security Number — or ITIN if you do not have an SSN
- Proof of current address (utility bill, lease, or bank statement)
Income — if you are an employee:
- Two most recent pay stubs
- W-2 forms for the past two years
- Federal tax returns for the past two years
Income — if you are self-employed or a contractor:
- Federal tax returns (personal and business, if applicable) for the past two years
- Profit and loss statement for the current year
- Bank statements for the past 12–24 months
- Any 1099 forms received
Assets and savings:
- Bank account statements for the past 2–3 months
- Documentation of any gift funds (a gift letter may be required)
- Retirement or investment account statements, if applicable
Property:
- Purchase agreement (once you have one)
- Property address for appraisal purposes
For ITIN borrowers, also prepare:
- ITIN letter from the IRS (CP565 notice)
- Two years of ITIN-filed tax returns
- 12–24 months of bank statements
- Proof of consistent housing payment history (rental receipts or landlord letters)
Organizing these in a folder — digital or paper — before you speak with a lender puts you in a stronger position from the first conversation.
The doors worth knowing.
The most important step you can take is working with a lender or organization that actually knows Union County and the surrounding region.
ALL 3 DOORS, BY NAME AND BY TOWN- 3
- DOORS HERE
- 33
- ACROSS MS
Based in Lenexa, Kansas. A credit union — owned by its members rather than by shareholders, which is exactly what changes the conversation after a bank has said no.
BEST FORA personal loan, or building a credit file from nothing, and buying, repairing or refinancing a home.Based in New Albany, Mississippi. Treasury-certified as a CDFI, which is a mandate rather than a courtesy: reaching borrowers the mainstream market passes over is the job.
BEST FORCommunity lending where a bank has already said no.Based in New Albany, Mississippi. A CDFI — a mission lender, not a branch network. It is measured on who it reaches, which is why a thin file is not the end of the conversation.
BEST FORA personal loan, or building a credit file from nothing, and working capital, equipment and payroll for a small business.
Don't fall into these traps.
Predatory lenders do exist, and they often target first-time buyers, rural communities, immigrant families, and borrowers with limited credit history. Knowing what to watch for protects you.
Red flags to take seriously:
A legitimate lender will always give you time to read every document, consult a housing counselor, and ask questions. Anyone who says "this offer expires today" or rushes you is a warning sign.
Never sign a loan document with blank spaces. Fill them in or cross them out before signing.
Some lenders repeatedly refinance your loan, charging new fees each time without meaningfully improving your terms. Each refinance should have a clear, tangible benefit to you.
A loan that looks affordable but requires a large lump-sum payment after 5 or 10 years can leave you unable to pay or forced to refinance under bad terms. Read the full repayment schedule.
Ask for an itemized Loan Estimate and compare it carefully. Federal law requires lenders to provide a Loan Estimate within three business days of your application.
advertised as "easy financing." These are not mortgages. You may not build equity, you may not have standard legal protections, and you could lose the property and all payments made if you miss one payment. Consult a lawyer before entering any such arrangement.
In Mississippi, loans that exceed certain rate and fee thresholds are classified as high-cost mortgages and carry additional legal requirements. A HUD-approved housing counselor can help you identify whether a loan offer crosses this line.
Always verify any lender at dbcf.ms.gov before you proceed.
Stop. Contact a HUD-approved housing counselor or the Mississippi Attorney General's Consumer Protection Division at (800) 281-4418. You have the right to walk away at any point before closing.
Everything below is set by Mississippi, and it reads the same in every county in it. The 3 marks above are this county's own doors — who opens one is decided by them, not by the state.
The rules where you are.
Mississippi has its own rules and programs that affect home financing. Here is what Union County buyers should know:
Mississippi uses a deed of trust (not a traditional mortgage) in most real estate transactions. This means a third-party trustee holds a security interest in the property until the loan is repaid. The practical impact for buyers is minimal, but it affects how foreclosure works if payments stop.
Mississippi is a non-judicial foreclosure state, meaning a lender can foreclose without going to court if you default. This makes it especially important to understand your loan terms fully before signing and to contact your lender immediately if you anticipate trouble making a payment.
Mississippi homeowners who occupy their home as a primary residence may qualify for a homestead exemption that reduces the assessed value of the property for tax purposes — lowering your annual property tax bill. File with your local county assessor's office in New Albany after closing. The standard exemption reduces assessed value by $300; additional exemptions exist for seniors and disabled veterans.
Union County's property tax rates are generally modest compared to national averages, which is a real advantage for buyers on tight budgets. Confirm current millage rates with the Union County Tax Assessor's office.
All mortgage lenders operating in Mississippi must be licensed through the Mississippi Department of Banking and Consumer Finance (DBCF). You can verify a lender's license at dbcf.ms.gov before working with them.
Mississippi lenders require lender's title insurance. An owner's title policy (which protects you, not just the lender) is optional but strongly recommended, especially in rural counties where property records may have gaps or disputes.
The short version.
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Buying a home in Union County, Mississippi is an achievable goal for working families, solo contractors, and first-time buyers — including ITIN borrowers. The county's rural character means many properties qualify for USDA zero-down loans. Mississippi Home Corporation offers down payment assistance and tax credits that stretch your dollars further. Local partners like HOPE Credit Union and HUD-approved housing counselors can guide you through the process without pressure or cost.
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Here is a simple path to follow:
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1. Gather your documents — two years of tax returns, recent pay stubs or bank statements, and your ID.
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2. Contact a HUD-approved housing counselor — they are independent, low-cost, and on your side.
Same county, another question.
Business FinancingLoans, lines of credit, and capital for small businesses and contractorsSEE IT IN UNION COUNTY →
Personal FinancingPersonal loans, credit building, and ITIN-friendly financing optionsSEE IT IN UNION COUNTY →44MS COUNTIES WITH DOORSThe whole stateEvery county in Mississippi, in this same lane.33 institutions fund homes and repairs inside Mississippi county lines.OPEN THE STATE →Still don't see your situation?
Ask Iris. She'll explain it the way it should have been explained the first time.