Tupelo USDA Loan Rates, Closing Costs & Stats

Tupelo, MS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Tupelo's 25 lenders originated 108 USDA loans during 2023. The total origination value was $16,520,000, with an average USDA loan value of $152,963.

    Tupelo USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Tupelo averaged 6.41% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Tupelo's average USDA mortgage closing costs are $4,747.

    The average rate for the prior week (2024-12-06) was 6.44% and one month ago for the week of 2024-11-08, the average rate was 6.46%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.51%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Tupelo USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tupelo level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flagstar Bank, FSB 22 6.60% $7,068
    Renasant Bank 16 6.85% $5,115
    CROSSCOUNTRY MORTGAGE, LLC 9 6.17% $7,801
    Magnolia Bank 8 6.36% $6,750
    BancorpSouth 5 6.22% $4,549
    GMFS LLC 5 6.10% $5,248
    STOCKTON MORTGAGE CORPORATION 5 6.90% $6,871
    Bank of England 4 6.25% $6,655
    Community Bank of Mississippi 3 6.01% $3,786
    GENEVA FINANCIAL, LLC 3 6.38% $7,547
    MOVEMENT MORTGAGE, LLC 3 6.58% $5,440
    Regions Bank 3 5.96% $6,525
    FIRST COMMUNITY MORTGAGE, INC. 2 6.25% $5,153
    CARDINAL FINANCIAL 2 7.25% $5,758
    Ixonia Bank 2 6.63% $6,194
    CMG MORTGAGE, INC. 1 5.25% $10,539
    Nations Lending Corporation 1 6.25% $2,314
    OPEN MORTGAGE, LLC 1 8.13% $5,506
    Paramount Residential Mortgage Group, Inc. 1 7.00% $9,206
    Plains Commerce Bank 1 5.63% $5,331
    CHURCHILL MORTGAGE CORPORATION 1 5.88% $7,730
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $12,110
    EVERETT FINANCIAL, INC. 1 7.13% $9,689
    BROKER SOLUTIONS, INC. 1 7.25% $5,434
    MORTGAGE INVESTORS GROUP, INC. 1 7.13% $4,747

    The top Tupelo USDA lender as defined by loan originations is Flagstar Bank, FSB, with 22 USDA loans originated. Their average total fees are $7,068, which is $1,954 higher than the next largest lender, Renasant Bank.

    The lowest fee Tupelo USDA lenders (with over 10 loans originated) are Renasant Bank ($5,115), Flagstar Bank, FSB ($7,068), .

    The lowest rate Tupelo USDA lenders (with over 10 loans originated) are Flagstar Bank, FSB (6.60%), Renasant Bank (6.85%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Tupelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $165,000 (8.0%) $204,557 (2.7%) 0.61 542
    2018-02-01 $172,500 (15.1%) $209,031 (3.4%) 0.63 541
    2018-03-01 $173,900 (11.9%) $208,152 (0.6%) 0.61 554
    2018-04-01 $178,212 (8.7%) $210,885 (0.4%) 0.60 590
    2018-05-01 $178,788 (10.0%) $211,648 (2.7%) 0.60 586
    2018-06-01 $175,000 (6.1%) $212,484 (1.8%) 0.58 597
    2018-07-01 $179,000 (8.5%) $215,890 (2.3%) 0.60 612
    2018-08-01 $179,250 (13.0%) $218,899 (6.6%) 0.60 598
    2018-09-01 $179,000 (12.2%) $226,441 (13.3%) 0.60 585
    2018-10-01 $175,475 (9.7%) $224,943 (13.0%) 0.59 548
    2018-11-01 $175,500 (8.6%) $224,490 (10.3%) 0.59 528
    2018-12-01 $175,000 (6.4%) $223,387 (9.8%) 0.60 496
    2019-01-01 $175,000 (6.1%) $225,532 (10.3%) 0.60 482
    2019-02-01 $177,800 (3.1%) $228,004 (9.1%) 0.60 484
    2019-03-01 $188,357 (8.3%) $237,258 (14.0%) 0.62 485
    2019-04-01 $200,950 (12.8%) $246,554 (16.9%) 0.64 481
    2019-05-01 $204,500 (14.4%) $244,785 (15.7%) 0.64 499
    2019-06-01 $199,900 (14.2%) $249,725 (17.5%) 0.62 497
    2019-07-01 $198,850 (11.1%) $248,696 (15.2%) 0.62 510
    2019-08-01 $197,027 (9.9%) $245,069 (12.0%) 0.62 505
    2019-09-01 $193,018 (7.8%) $239,920 (6.0%) 0.62 503
    2019-10-01 $189,900 (8.2%) $237,814 (5.7%) 0.61 495
    2019-11-01 $188,400 (7.4%) $233,265 (3.9%) 0.62 475
    2019-12-01 $184,900 (5.7%) $229,142 (2.6%) 0.62 462
    2020-01-01 $182,175 (4.1%) $229,243 (1.7%) 0.61 447
    2020-02-01 $182,500 (2.6%) $227,977 (0.0%) 0.60 463
    2020-03-01 $187,750 (-0.3%) $236,568 (-0.3%) 0.59 445
    2020-04-01 $189,950 (-5.5%) $243,608 (-1.2%) 0.60 425
    2020-05-01 $189,950 (-7.1%) $246,282 (0.6%) 0.58 389
    2020-06-01 $199,700 (-0.1%) $260,814 (4.4%) 0.59 353
    2020-07-01 $215,000 (8.1%) $270,310 (8.7%) 0.62 339
    2020-08-01 $212,000 (7.6%) $269,191 (9.8%) 0.61 322
    2020-09-01 $209,000 (8.3%) $269,700 (12.4%) 0.60 310
    2020-10-01 $215,000 (13.2%) $277,019 (16.5%) 0.62 287
    2020-11-01 $219,975 (16.8%) $284,817 (22.1%) 0.64 281
    2020-12-01 $219,225 (18.6%) $289,261 (26.2%) 0.65 282
    2021-01-01 $212,450 (16.6%) $282,564 (23.3%) 0.63 255
    2021-02-01 $210,450 (15.3%) $270,233 (18.5%) 0.61 235
    2021-03-01 $224,450 (19.6%) $269,407 (13.9%) 0.64 213
    2021-04-01 $223,425 (17.6%) $281,700 (15.6%) 0.60 188
    2021-05-01 $200,000 (5.3%) $270,562 (9.9%) 0.53 200
    2021-06-01 $225,725 (13.0%) $286,807 (10.0%) 0.59 218
    2021-07-01 $219,900 (2.3%) $284,620 (5.3%) 0.58 229
    2021-08-01 $222,450 (4.9%) $294,621 (9.5%) 0.59 241
    2021-09-01 $229,475 (9.8%) $296,011 (9.8%) 0.61 245
    2021-10-01 $232,000 (7.9%) $302,595 (9.2%) 0.62 274
    2021-11-01 $240,000 (9.1%) $309,330 (8.6%) 0.64 252
    2021-12-01 $238,363 (8.7%) $299,525 (3.6%) 0.65 241
    2022-01-01 $235,275 (10.7%) $288,271 (2.0%) 0.64 212
    2022-02-01 $237,400 (12.8%) $292,366 (8.2%) 0.62 178
    2022-03-01 $244,000 (8.7%) $293,143 (8.8%) 0.61 175
    2022-04-01 $249,900 (11.9%) $296,327 (5.2%) 0.60 182
    2022-05-01 $238,675 (19.3%) $290,720 (7.5%) 0.55 215
    2022-06-01 $249,900 (10.7%) $286,200 (-0.2%) 0.56 255
    2022-07-01 $249,900 (13.6%) $288,507 (1.4%) 0.56 292
    2022-08-01 $250,625 (12.7%) $293,585 (-0.4%) 0.58 328
    2022-09-01 $249,950 (8.9%) $291,462 (-1.5%) 0.58 344
    2022-10-01 $250,000 (7.8%) $291,456 (-3.7%) 0.59 360
    2022-11-01 $250,000 (4.2%) $288,879 (-6.6%) 0.60 355
    2022-12-01 $249,450 (4.7%) $290,129 (-3.1%) 0.62 323
    2023-01-01 $257,000 (9.2%) $296,772 (3.0%) 0.64 280
    2023-02-01 $259,950 (9.5%) $306,204 (4.7%) 0.63 267
    2023-03-01 $264,975 (8.6%) $308,299 (5.2%) 0.62 257
    2023-04-01 $259,900 (4.0%) $309,036 (4.3%) 0.60 267
    2023-05-01 $275,000 (15.2%) $320,325 (10.2%) 0.62 268
    2023-06-01 $273,575 (9.5%) $327,616 (14.5%) 0.61 285
    2023-07-01 $272,000 (8.8%) $320,343 (11.0%) 0.62 281
    2023-08-01 $259,950 (3.7%) $317,516 (8.2%) 0.60 297
    2023-09-01 $254,950 (2.0%) $302,976 (4.0%) 0.59 323
    2023-10-01 $249,575 (-0.2%) $297,326 (2.0%) 0.59 339
    2023-11-01 $252,450 (1.0%) $303,562 (5.1%) 0.60 362
    2023-12-01 $249,999 (0.2%) $302,366 (4.2%) 0.61 356
    2024-01-01 $257,450 (0.2%) $309,658 (4.3%) 0.63 341
    2024-02-01 $262,400 (0.9%) $309,560 (1.1%) 0.63 330
    2024-03-01 $262,500 (-0.9%) $314,424 (2.0%) 0.62 328
    2024-04-01 $279,900 (7.7%) $324,721 (5.1%) 0.65 303
    2024-05-01 $281,725 (2.5%) $328,315 (2.5%) 0.64 333
    2024-06-01 $277,450 (1.4%) $320,020 (-2.3%) 0.62 323
    2024-07-01 $264,956 (-2.6%) $310,967 (-2.9%) 0.61 325
    2024-08-01 $257,475 (-1.0%) $298,599 (-6.0%) 0.60 354
    2024-09-01 $262,500 (3.0%) $302,692 (-0.1%) 0.62 381
    2024-10-01 $269,225 (7.9%) $315,467 (6.1%) 0.63 386
    2024-11-01 $265,000 (5.0%) $316,863 (4.4%) 0.64 403
    Tupelo's median listing price for 2024-11-01 was $265,000, a difference of $12,550 (5.0%) versus the prior year and $-4,225 versus the prior month.

    Tupelo's median listing price comes in at 64% of the national average.

    Tupelo's average listing price for 2024-11-01 was $316,863, a difference of $13,301 (4.4%) versus the prior year and $1,396 versus the prior month.

    For the 2024-11-01 period, Tupelo had 403 MLS listings, a difference of 17 listings (4%) versus the prior month and 41 listings (11%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Tupelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 92 days 2,001 sqft
    2018-02-01 86 days 2,058 sqft
    2018-03-01 68 days 2,029 sqft
    2018-04-01 68 days 2,099 sqft
    2018-05-01 72 days 2,102 sqft
    2018-06-01 74 days 2,047 sqft
    2018-07-01 80 days 2,088 sqft
    2018-08-01 81 days 2,101 sqft
    2018-09-01 81 days 2,100 sqft
    2018-10-01 88 days 2,081 sqft
    2018-11-01 87 days 2,100 sqft
    2018-12-01 95 days 2,090 sqft
    2019-01-01 100 days 2,132 sqft
    2019-02-01 86 days 2,136 sqft
    2019-03-01 76 days 2,170 sqft
    2019-04-01 72 days 2,228 sqft
    2019-05-01 66 days 2,226 sqft
    2019-06-01 68 days 2,230 sqft
    2019-07-01 77 days 2,240 sqft
    2019-08-01 76 days 2,218 sqft
    2019-09-01 71 days 2,182 sqft
    2019-10-01 71 days 2,166 sqft
    2019-11-01 81 days 2,144 sqft
    2019-12-01 90 days 2,101 sqft
    2020-01-01 100 days 2,060 sqft
    2020-02-01 93 days 2,029 sqft
    2020-03-01 85 days 2,060 sqft
    2020-04-01 85 days 2,091 sqft
    2020-05-01 92 days 2,143 sqft
    2020-06-01 90 days 2,199 sqft
    2020-07-01 86 days 2,233 sqft
    2020-08-01 68 days 2,183 sqft
    2020-09-01 60 days 2,174 sqft
    2020-10-01 66 days 2,253 sqft
    2020-11-01 65 days 2,300 sqft
    2020-12-01 72 days 2,288 sqft
    2021-01-01 83 days 2,263 sqft
    2021-02-01 75 days 2,148 sqft
    2021-03-01 52 days 2,145 sqft
    2021-04-01 46 days 2,145 sqft
    2021-05-01 43 days 2,094 sqft
    2021-06-01 37 days 2,140 sqft
    2021-07-01 45 days 2,123 sqft
    2021-08-01 46 days 2,145 sqft
    2021-09-01 55 days 2,127 sqft
    2021-10-01 61 days 2,145 sqft
    2021-11-01 59 days 2,103 sqft
    2021-12-01 71 days 2,123 sqft
    2022-01-01 80 days 2,096 sqft
    2022-02-01 70 days 2,140 sqft
    2022-03-01 46 days 2,100 sqft
    2022-04-01 39 days 2,112 sqft
    2022-05-01 41 days 2,048 sqft
    2022-06-01 40 days 2,036 sqft
    2022-07-01 41 days 2,070 sqft
    2022-08-01 49 days 2,064 sqft
    2022-09-01 55 days 2,048 sqft
    2022-10-01 66 days 2,082 sqft
    2022-11-01 77 days 2,100 sqft
    2022-12-01 87 days 2,090 sqft
    2023-01-01 85 days 2,112 sqft
    2023-02-01 78 days 2,098 sqft
    2023-03-01 67 days 2,152 sqft
    2023-04-01 60 days 2,150 sqft
    2023-05-01 52 days 2,204 sqft
    2023-06-01 47 days 2,190 sqft
    2023-07-01 53 days 2,076 sqft
    2023-08-01 58 days 2,102 sqft
    2023-09-01 60 days 2,100 sqft
    2023-10-01 59 days 2,010 sqft
    2023-11-01 53 days 1,979 sqft
    2023-12-01 65 days 1,956 sqft
    2024-01-01 77 days 2,013 sqft
    2024-02-01 89 days 2,029 sqft
    2024-03-01 68 days 2,066 sqft
    2024-04-01 61 days 2,200 sqft
    2024-05-01 53 days 2,207 sqft
    2024-06-01 57 days 2,124 sqft
    2024-07-01 60 days 2,059 sqft
    2024-08-01 59 days 1,988 sqft
    2024-09-01 60 days 1,998 sqft
    2024-10-01 64 days 2,000 sqft
    2024-11-01 67 days 2,018 sqft
    Tupelo's median listing age (time on market) for 2024-11-01 was 67 days. This is 26% longer than the same period one year ago.

    Tupelo's median square footage for active listings during the 2024-11-01 period was 2,018 sqft. One year prior, the average listing was 1,979 sqft.