Compare mortgage rates and fees for leading lenders in Gulfport, MS. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Gulfport.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Gulfport. Plus, shopping lenders is free and there is no obligation.
March 31, 2020
The current average rate for a 30 year fixed rate mortgage in Gulfport is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
Below we provide helpful information on the real estate market, home prices and housing affordability in Gulfport. Understand how much you need to earn to afford a home in Gulfport, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Gulfport fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Gulfport is right for you.
The median home value for Gulfport, MS (Harrison County) is $180,634
Based on current mortgage rates and a 10% down payment, you need to make $32,509 per year to buy the median priced home in Gulfport
With this income, you could qualify for a $162,571 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Gulfport is $753
The median household income for Gulfport, MS (Harrison County) is $47,126
Based on this income, you can afford a home valued at approximately $261,847
The home price you can afford to buy based on household income in Gulfport is 145% of the median home value which means housing prices are average. Gulfport (Harrison County) ranks 80 out of 82 counties in Mississippi and 2,593 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Gulfport, MS is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Gulfport (Harrison County) below.
Conforming loan limits for Gulfport, MS
FHA loan limits for Gulfport, MS
VA loan limits for Gulfport, MS