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Gulfport

Current Mortgage Rates in Gulfport, Mississippi

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.

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Mortgage Rates in Gulfport, MS as of August 18, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Gulfport, MS Mortgage Rates Compare?

August 18, 2019

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%

Mortgage Program
Today's
Gulfport, MS Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Gulfport, Mississippi?

The median home value for Gulfport, MS (Harrison County) is $170,410

The median household income for Gulfport, MS (Harrison County) is $46,050

Based on current mortgage rates and a 10% down payment, you need to make $31,616 per year to buy the median priced home in Gulfport

The home price you can afford to by based on household income in Gulfport is 146% of the median home value which means housing prices are average

Gulfport (Harrison County) ranks 80 out of 82 counties in Mississippi and 2,600 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

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Loan Limits for Gulfport, Mississippi

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Gulfport, MS

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Gulfport, MS

1 unit: $484,350

Additional Mortgage Resources for Gulfport, MS Residents

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Tupelo Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index