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.
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August 18, 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%
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 by 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
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
FHA loan limits for Tupelo, MS
VA loan limits for Tupelo, MS
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