Newsworthy: Regions Bank

In Jackson and communities across Mississippi, homeownership remains a cornerstone of financial stability, with nearly three out of four households owning their homes—well above the national average.

But there is a growing challenge. Younger buyers are entering the market later than previous generations, with fewer than four in ten Americans under age 35 owning a home. Higher home prices, rising costs, and evolving insurance needs mean that even in a high-homeownership state like Mississippi, the path to buying a home has become more complex. With the right guidance and planning, however, buyers can still confidently navigate financing.

Preparing for the Journey

The path to homeownership begins well before a buyer starts touring homes. Taking time to understand your finances can make all the difference.

At Regions, we encourage buyers to start early—reviewing income, managing monthly expenses, improving credit, and setting a comfortable price range, not just the maximum a lender may approve. Programs like Regions' Next Step® Homeownership provide tools such as budgeting guidance, homebuyer education, and personalized planning support to help first-time buyers build a strong foundation.

Confidently Navigating Financing

Equally important is avoiding common missteps, such as skipping prequalification or underestimating closing costs. Resources like Smart Moves for First-Time Homebuyers offer practical guidance on saving, building credit, and preparing for long-term financial responsibilities.

Once buyers are prepared, understanding financing becomes the next critical step.

Mortgage prequalification gives buyers a clearer picture of what they can afford and helps them act quickly in a competitive market. It is also important to understand the differences between loan types, the role of down payments, and the full range of upfront costs.

At Regions, we work closely with customers to explore options that align with both immediate needs and long-term goals. Educational tools like our Mortgage 101 help simplify the process by explaining loan types, key terms, and what to expect from application through closing.

Protecting Your Investment Beyond the Purchase

Buying a home is only the beginning. Protecting that investment is just as important, especially in a state like Mississippi where weather risks can vary widely.

One of the most common mistakes homeowners make is choosing insurance too quickly or focusing only on the lowest premium. In reality, it is critical to understand what a policy covers—and what it does not.

Standard homeowners insurance typically includes coverage for the structure of the home, personal belongings, and liability protection. However, it often does not include flood damage without a separate policy. Even outside designated flood zones, additional coverage may be worth considering for added protection.

At Regions, we often remind customers that protecting a home is about more than meeting minimum requirements. It is about understanding your coverage, planning for risks, and making sure your investment is fully protected.

Planning for Long-Term Success

Homeownership is a long-term commitment that goes beyond the closing table. Budgeting for maintenance, repairs, and future improvements is essential to maintaining financial stability.

Unexpected repairs can arise early, which is why some homeowners explore options like home warranties or dedicated savings plans. For larger projects, homeowners can explore resources such as home improvement financing options to plan and pay for upgrades, from small projects to major renovations.

Through every stage, Regions remains focused on helping customers make informed decisions that support long-term financial wellness. Learn more at www.regions.com/mortgage.

John Howie, Metro Jackson Market President for Regions Bank

© 2026 Regions Bank, Member FDIC, Equal Housing Lender. NMLS 174490. This information is general in nature and is not intended to be accounting, legal, tax, investment or financial advice. Regions believes this information to be accurate as of the date written, but it cannot ensure that it will remain up to date. Statements or opinions of individuals referenced herein are their own—not Regions'. Consult an appropriate professional concerning your specific situation. The information should not be construed as a recommendation of a specific course of action for any individual or business. All Regions' products and services are subject to qualification requirements, terms, conditions, fees, and credit approval.