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%.

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
Tupelo's median listing price for 2024-10-01 was $269,225, a difference of $19,650 (7.9%) versus the prior year and $6,725 versus the prior month.

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. 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
Tupelo's median listing age (time on market) for 2024-10-01 was 64 days. This is 9% longer than the same period one year ago.

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.