Compare mortgage rates and fees for leading lenders in Pascagoula, 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 Pascagoula.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Pascagoula. Plus, shopping lenders is free and there is no obligation.
May 25, 2020
The current average rate for a 30 year fixed rate mortgage in Pascagoula 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 Pascagoula. Understand how much you need to earn to afford a home in Pascagoula, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Pascagoula 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 Pascagoula is right for you.
The median home value for Pascagoula, MS (Jackson County) is $161,520
Based on current mortgage rates and a 10% down payment, you need to make $29,070 per year to buy the median priced home in Pascagoula
With this income, you could qualify for a $145,368 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 Pascagoula is $673
The median household income for Pascagoula, MS (Jackson County) is $53,021
Based on this income, you can afford a home valued at approximately $294,604
The home price you can afford to buy based on household income in Pascagoula is 182% of the median home value which means housing prices are average. Pascagoula (Jackson County) ranks 69 out of 82 counties in Mississippi and 1,907 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Pascagoula, MS is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pascagoula (Jackson County) below.
Conforming loan limits for Pascagoula, MS
FHA loan limits for Pascagoula, MS
VA loan limits for Pascagoula, MS