Tupelo USDA Loan Rates, Closing Costs & Stats
Tupelo, MS
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
0.11%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Tupelo's average USDA mortgage closing costs are $4,747.
The average rate for the prior week (2024-11-22) was
6.41% and
one month ago for the week of 2024-10-25, the
average rate was 6.41%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.21%.
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.
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. LouisDate | 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 |
Tupelo's median listing price comes in at 63% of the national average.
Tupelo's average listing price for 2024-10-01 was $315,467, a difference of $18,141 (6.1%) versus the prior year and $12,775 versus the prior month.
For the 2024-10-01 period, Tupelo had 386 MLS listings, a difference of 5 listings (1%) versus the prior month and 47 listings (14%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Tupelo (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Tupelo's median square footage for active listings during the 2024-10-01 period was 2,000 sqft. One year prior, the average listing was 2,010 sqft.