Tupelo USDA Loan Rates, Closing Costs & Stats

Tupelo, MS

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    • 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 6.63% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.19% and one month ago for the week of 2025-01-10, the average rate was 6.64%.

    The average rate one year ago was 6.23%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

    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 $174,350 (14.0%) $208,792 (4.8%) 0.61 489
    2018-02-01 $175,000 (16.7%) $212,990 (6.0%) 0.63 490
    2018-03-01 $174,900 (12.9%) $209,931 (2.4%) 0.61 506
    2018-04-01 $177,000 (7.3%) $211,675 (0.2%) 0.60 545
    2018-05-01 $178,788 (8.4%) $213,331 (2.8%) 0.60 543
    2018-06-01 $174,950 (6.0%) $213,055 (0.9%) 0.58 551
    2018-07-01 $176,625 (7.1%) $217,140 (1.7%) 0.60 558
    2018-08-01 $178,050 (11.4%) $219,110 (5.2%) 0.60 551
    2018-09-01 $176,000 (10.1%) $227,407 (13.0%) 0.60 531
    2018-10-01 $174,950 (8.7%) $227,227 (13.2%) 0.59 493
    2018-11-01 $174,950 (3.6%) $227,080 (10.0%) 0.59 475
    2018-12-01 $174,950 (3.0%) $226,504 (9.8%) 0.60 443
    2019-01-01 $173,325 (-0.6%) $227,355 (8.9%) 0.60 435
    2019-02-01 $175,975 (0.6%) $230,439 (8.2%) 0.60 436
    2019-03-01 $188,357 (7.7%) $240,445 (14.5%) 0.62 441
    2019-04-01 $199,900 (12.9%) $248,179 (17.3%) 0.64 446
    2019-05-01 $199,800 (11.8%) $243,223 (14.0%) 0.64 461
    2019-06-01 $197,500 (12.9%) $248,708 (16.7%) 0.62 455
    2019-07-01 $197,225 (11.7%) $247,364 (13.9%) 0.62 467
    2019-08-01 $196,727 (10.5%) $243,901 (11.3%) 0.62 458
    2019-09-01 $195,193 (10.9%) $238,720 (5.0%) 0.62 450
    2019-10-01 $194,620 (11.2%) $236,611 (4.1%) 0.61 438
    2019-11-01 $189,900 (8.6%) $233,022 (2.6%) 0.62 418
    2019-12-01 $188,925 (8.0%) $229,478 (1.3%) 0.62 399
    2020-01-01 $185,000 (6.7%) $228,873 (0.7%) 0.61 386
    2020-02-01 $184,000 (4.6%) $227,193 (-1.4%) 0.60 400
    2020-03-01 $185,000 (-1.8%) $235,361 (-2.1%) 0.59 389
    2020-04-01 $190,025 (-4.9%) $242,979 (-2.1%) 0.60 377
    2020-05-01 $189,900 (-5.0%) $246,891 (1.5%) 0.58 348
    2020-06-01 $199,575 (1.1%) $261,494 (5.1%) 0.59 315
    2020-07-01 $217,225 (10.1%) $271,331 (9.7%) 0.62 298
    2020-08-01 $210,500 (7.0%) $265,576 (8.9%) 0.61 281
    2020-09-01 $197,950 (1.4%) $264,759 (10.9%) 0.60 266
    2020-10-01 $209,900 (7.9%) $269,090 (13.7%) 0.62 251
    2020-11-01 $218,000 (14.8%) $276,589 (18.7%) 0.64 243
    2020-12-01 $219,000 (15.9%) $282,043 (22.9%) 0.65 239
    2021-01-01 $212,450 (14.8%) $277,647 (21.3%) 0.63 216
    2021-02-01 $205,975 (11.9%) $266,831 (17.5%) 0.61 199
    2021-03-01 $227,250 (22.8%) $270,625 (15.0%) 0.64 188
    2021-04-01 $224,950 (18.4%) $275,251 (13.3%) 0.60 161
    2021-05-01 $199,900 (5.3%) $269,264 (9.1%) 0.53 169
    2021-06-01 $223,450 (12.0%) $286,152 (9.4%) 0.59 188
    2021-07-01 $219,900 (1.2%) $281,229 (3.7%) 0.58 201
    2021-08-01 $219,900 (4.5%) $294,911 (11.1%) 0.59 207
    2021-09-01 $219,900 (11.1%) $297,826 (12.5%) 0.61 207
    2021-10-01 $232,000 (10.5%) $304,798 (13.3%) 0.62 231
    2021-11-01 $243,363 (11.6%) $312,096 (12.8%) 0.64 216
    2021-12-01 $244,663 (11.7%) $303,344 (7.6%) 0.65 206
    2022-01-01 $240,000 (13.0%) $288,893 (4.1%) 0.64 180
    2022-02-01 $234,450 (13.8%) $287,557 (7.8%) 0.62 154
    2022-03-01 $241,200 (6.1%) $288,379 (6.6%) 0.61 153
    2022-04-01 $240,000 (6.7%) $285,622 (3.8%) 0.60 153
    2022-05-01 $237,425 (18.8%) $287,083 (6.6%) 0.55 182
    2022-06-01 $243,450 (9.0%) $282,505 (-1.3%) 0.56 211
    2022-07-01 $249,900 (13.6%) $289,665 (3.0%) 0.56 239
    2022-08-01 $259,900 (18.2%) $300,045 (1.7%) 0.58 270
    2022-09-01 $250,975 (14.1%) $294,839 (-1.0%) 0.58 290
    2022-10-01 $256,000 (10.3%) $295,977 (-2.9%) 0.59 309
    2022-11-01 $250,000 (2.7%) $291,661 (-6.6%) 0.60 308
    2022-12-01 $249,450 (2.0%) $291,434 (-3.9%) 0.62 284
    2023-01-01 $257,000 (7.1%) $296,437 (2.6%) 0.64 246
    2023-02-01 $260,450 (11.1%) $305,758 (6.3%) 0.63 223
    2023-03-01 $263,750 (9.4%) $306,552 (6.3%) 0.62 220
    2023-04-01 $262,250 (9.3%) $307,721 (7.7%) 0.60 230
    2023-05-01 $274,950 (15.8%) $318,687 (11.0%) 0.62 234
    2023-06-01 $272,625 (12.0%) $326,031 (15.4%) 0.61 246
    2023-07-01 $267,450 (7.0%) $317,324 (9.6%) 0.62 242
    2023-08-01 $259,950 (0.0%) $319,126 (6.4%) 0.60 262
    2023-09-01 $255,950 (2.0%) $303,881 (3.1%) 0.59 284
    2023-10-01 $249,600 (-2.5%) $298,598 (0.9%) 0.59 302
    2023-11-01 $252,475 (1.0%) $305,055 (4.6%) 0.60 322
    2023-12-01 $250,000 (0.2%) $308,204 (5.8%) 0.61 320
    2024-01-01 $257,250 (0.1%) $311,934 (5.2%) 0.63 297
    2024-02-01 $262,500 (0.8%) $313,222 (2.4%) 0.63 285
    2024-03-01 $265,000 (0.5%) $316,781 (3.3%) 0.62 287
    2024-04-01 $279,950 (6.8%) $327,184 (6.3%) 0.65 268
    2024-05-01 $275,850 (0.3%) $322,904 (1.3%) 0.64 295
    2024-06-01 $274,900 (0.8%) $312,065 (-4.3%) 0.62 285
    2024-07-01 $265,200 (-0.8%) $311,995 (-1.7%) 0.61 285
    2024-08-01 $255,950 (-1.5%) $298,124 (-6.6%) 0.60 311
    2024-09-01 $264,000 (3.2%) $301,508 (-0.8%) 0.62 335
    2024-10-01 $265,375 (6.3%) $316,678 (6.1%) 0.63 343
    2024-11-01 $263,750 (4.5%) $319,391 (4.7%) 0.64 361
    2024-12-01 $262,500 (5.0%) $311,287 (1.0%) 0.67 353
    2025-01-01 $267,000 (3.8%) $314,090 (0.7%) 0.00 333
    Tupelo's median listing price for 2025-01-01 was $267,000, a difference of $9,750 (3.8%) versus the prior year and $4,500 versus the prior month.

    Tupelo's median listing price comes in at 0% of the national average.

    Tupelo's average listing price for 2025-01-01 was $314,090, a difference of $2,156 (0.7%) versus the prior year and $2,803 versus the prior month.

    For the 2025-01-01 period, Tupelo had 333 MLS listings, a difference of -20 listings (-6%) versus the prior month and 36 listings (12%) 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 2,047 sqft
    2018-02-01 86 days 2,074 sqft
    2018-03-01 68 days 2,044 sqft
    2018-04-01 68 days 2,099 sqft
    2018-05-01 72 days 2,104 sqft
    2018-06-01 74 days 2,047 sqft
    2018-07-01 80 days 2,100 sqft
    2018-08-01 81 days 2,104 sqft
    2018-09-01 81 days 2,100 sqft
    2018-10-01 88 days 2,093 sqft
    2018-11-01 87 days 2,104 sqft
    2018-12-01 95 days 2,094 sqft
    2019-01-01 100 days 2,144 sqft
    2019-02-01 86 days 2,147 sqft
    2019-03-01 76 days 2,176 sqft
    2019-04-01 72 days 2,217 sqft
    2019-05-01 66 days 2,204 sqft
    2019-06-01 68 days 2,204 sqft
    2019-07-01 77 days 2,203 sqft
    2019-08-01 76 days 2,195 sqft
    2019-09-01 71 days 2,181 sqft
    2019-10-01 71 days 2,172 sqft
    2019-11-01 81 days 2,163 sqft
    2019-12-01 90 days 2,122 sqft
    2020-01-01 100 days 2,080 sqft
    2020-02-01 93 days 2,050 sqft
    2020-03-01 85 days 2,067 sqft
    2020-04-01 85 days 2,091 sqft
    2020-05-01 92 days 2,157 sqft
    2020-06-01 90 days 2,204 sqft
    2020-07-01 86 days 2,255 sqft
    2020-08-01 68 days 2,179 sqft
    2020-09-01 60 days 2,173 sqft
    2020-10-01 66 days 2,222 sqft
    2020-11-01 65 days 2,296 sqft
    2020-12-01 72 days 2,292 sqft
    2021-01-01 83 days 2,270 sqft
    2021-02-01 75 days 2,148 sqft
    2021-03-01 52 days 2,149 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 2,135 sqft
    2021-08-01 46 days 2,145 sqft
    2021-09-01 55 days 2,136 sqft
    2021-10-01 61 days 2,145 sqft
    2021-11-01 59 days 2,143 sqft
    2021-12-01 71 days 2,145 sqft
    2022-01-01 80 days 2,145 sqft
    2022-02-01 70 days 2,145 sqft
    2022-03-01 46 days 2,117 sqft
    2022-04-01 39 days 2,122 sqft
    2022-05-01 41 days 2,056 sqft
    2022-06-01 40 days 2,055 sqft
    2022-07-01 41 days 2,100 sqft
    2022-08-01 49 days 2,115 sqft
    2022-09-01 55 days 2,102 sqft
    2022-10-01 66 days 2,145 sqft
    2022-11-01 77 days 2,159 sqft
    2022-12-01 87 days 2,111 sqft
    2023-01-01 85 days 2,146 sqft
    2023-02-01 78 days 2,090 sqft
    2023-03-01 67 days 2,156 sqft
    2023-04-01 60 days 2,142 sqft
    2023-05-01 52 days 2,203 sqft
    2023-06-01 47 days 2,173 sqft
    2023-07-01 53 days 2,052 sqft
    2023-08-01 58 days 2,083 sqft
    2023-09-01 60 days 2,045 sqft
    2023-10-01 59 days 2,001 sqft
    2023-11-01 53 days 1,977 sqft
    2023-12-01 65 days 1,980 sqft
    2024-01-01 77 days 2,003 sqft
    2024-02-01 89 days 2,034 sqft
    2024-03-01 68 days 2,062 sqft
    2024-04-01 61 days 2,210 sqft
    2024-05-01 53 days 2,152 sqft
    2024-06-01 57 days 2,096 sqft
    2024-07-01 60 days 2,060 sqft
    2024-08-01 59 days 1,982 sqft
    2024-09-01 60 days 1,989 sqft
    2024-10-01 64 days 1,992 sqft
    2024-11-01 67 days 2,000 sqft
    2024-12-01 73 days 1,989 sqft
    2025-01-01 0 days 1,988 sqft
    Tupelo's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Tupelo's median square footage for active listings during the 2025-01-01 period was 1,988 sqft. One year prior, the average listing was 2,003 sqft.