Tupelo VA Loan Rates, Closing Costs & Stats
Tupelo, MS
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Tupelo's 33 lenders originated 157 VA loans during 2023. The total origination value was $37,035,000, with an average VA loan value of $235,892.
Tupelo VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Tupelo
averaged
0.14%
for the week of 2024-11-29, compared to the national average (all VA variants) of
0% for the same period.
Tupelo's average VA mortgage closing costs are $5,154.
The average rate for the prior week (2024-11-22) was
6.6% and
one month ago for the week of 2024-10-25, the
average rate was 6.1%.
The average rate one year ago was 6.84%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.34%.
Tupelo VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tupelo level.
The top Tupelo VA lender as defined by loan originations is Mortgage Research Center, LLC, with
53 VA loans originated. Their average total fees are
$4,337, which is $5,089
lower than the next largest lender,
STOCKTON MORTGAGE CORPORATION.
The lowest fee Tupelo VA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($4,337), STOCKTON MORTGAGE CORPORATION ($9,427), .
The lowest rate Tupelo VA lenders (with over 10 loans originated) are
STOCKTON MORTGAGE CORPORATION (6.19%), Mortgage Research Center, LLC (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.