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Tupelo

Current Mortgage Rates in Tupelo, Mississippi

Compare mortgage rates and fees for leading lenders in Tupelo, 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 Tupelo.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Tupelo. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Tupelo, MS as of October 22, 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 Tupelo, MS Mortgage Rates Compare?

October 22, 2019

The current average rate for a 30 year fixed rate mortgage in Tupelo 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
Tupelo, MS Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Tupelo, Mississippi?

The median home value for Tupelo, MS (Lee County) is $136,269

The median household income for Tupelo, MS (Lee County) is $47,391

Based on current mortgage rates and a 10% down payment, you need to make $25,282 per year to buy the median priced home in Tupelo

The home price you can afford to buy based on household income in Tupelo is 187% of the median home value which means housing prices are average

Tupelo (Lee County) ranks 68 out of 82 counties in Mississippi and 1,834 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Tupelo, MS is average

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Loan Limits for Tupelo, Mississippi

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tupelo (Lee County) below.

Conforming loan limits for Tupelo, MS

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

FHA loan limits for Tupelo, MS

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

VA loan limits for Tupelo, MS

1 unit: $484,350

Additional Mortgage Resources for Tupelo, 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