Tupelo VA Loan Rates, Closing Costs & Stats

Tupelo, MS

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    • 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 48 lenders originated 199 VA loans during 2024. The total origination value was $49,815,000, with an average VA loan value of $250,327.

    Tupelo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Tupelo averaged 6.18% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

    Tupelo's average VA mortgage closing costs are $5,316.

    The average rate for the prior week (2025-03-28) was 6.4% and one month ago for the week of 2025-02-28, the average rate was 6.37%.

    The average rate one year ago was 6.48%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.44%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 57 6.59% $4,827
    NEW DAY FINANCIAL, LLC 11 7.68% $9,518
    FREEDOM MORTGAGE CORPORATION 10 6.31% $5,656
    QUICKEN LOANS, LLC 9 6.05% $11,312
    PENNYMAC LOAN SERVICES, LLC 8 5.48% $7,584
    Flagstar Bank, FSB 7 6.21% $6,736
    GENEVA FINANCIAL, LLC 5 6.28% $7,131
    USAA Federal Savings Bank 5 6.45% $3,059
    NAVY FEDERAL CREDIT UNION 5 5.68% $3,401
    Renasant Bank 4 6.97% $5,314
    BancorpSouth 4 6.47% $4,851
    STOCKTON MORTGAGE CORPORATION 4 4.69% $10,081
    PLANET HOME LENDING, LLC 3 5.99% $2,470
    BankPlus 3 6.42% $8,263
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.13% $3,417
    UNITED WHOLESALE MORTGAGE, LLC 3 5.92% $15,084
    PLAZA HOME MORTGAGE, INC. 3 7.04% $6,893
    VILLAGE CAPITAL MORTGAGE 2 5.50% $4,679
    Northpointe Bank 2 6.69% $9,710
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.00% $7,660
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.31% $3,654
    MOVEMENT MORTGAGE, LLC 2 6.00% $4,091
    LOANDEPOT.COM, LLC 2 6.49% $3,820
    Magnolia Bank 2 6.38% $4,176
    Mid-Continent Funding, Inc. 2 6.00% $5,153
    Wells Fargo Bank 1 6.50% $11,170
    AMERISAVE MORTGAGE CORPORATION 1 6.13% $13,937
    Bank OZK 1 6.00% $7,984
    Barrington Bank & Trust Company, N.A. 1 6.75% $2,362
    CARDINAL FINANCIAL 1 6.25% $16,676
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $2,910
    EMM LOANS LLC 1 7.13% $5,818
    First Federal Bank 1 5.75% $2,962
    First Horizon Bank 1 6.13% $12,389
    First Western Trust Bank 1 5.75% $5,561
    GUARANTEED RATE, INC. 1 6.58% $5,720
    Ixonia Bank 1 7.13% $2,426
    Lakeview Community Capital, LLC 1 4.99% $8,577
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $5,150
    NBKC BANK 1 6.38% $7,235
    NEWREZ LLC 1 6.25% $1,842
    Regions Bank 1 5.63% $21,037
    ROYAL UNITED MORTGAGE LLC 1 7.13% $9,855
    SOUTHWEST STAGE FUNDING, LLC 1 5.88% $0
    The Federal Savings Bank 1 6.75% $21,164
    TOWNE MORTGAGE COMPANY 1 7.75% $5,645
    Trustmark National Bank 1 5.88% $7,983
    AmeriHome Mortgage Company, LLC 1 6.13% $2,516

    The top Tupelo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 57 VA loans originated. Their average total fees are $4,827, which is $4,691 lower than the next largest lender, NEW DAY FINANCIAL, LLC.

    The lowest fee Tupelo VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($4,827), FREEDOM MORTGAGE CORPORATION ($5,656), NEW DAY FINANCIAL, LLC ($9,518), .

    The lowest rate Tupelo VA lenders (with over 10 loans originated) are FREEDOM MORTGAGE CORPORATION (6.31%), Mortgage Research Center, LLC (6.59%), NEW DAY FINANCIAL, LLC (7.68%), .

    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
    2025-02-01 $264,950 (0.9%) $316,765 (1.1%) 0.00 318
    2025-03-01 $255,000 (-3.8%) $311,362 (-1.7%) 0.00 312
    Tupelo's median listing price for 2025-03-01 was $255,000, a difference of $-10,000 (-3.8%) versus the prior year and $-9,950 versus the prior month.

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

    Tupelo's average listing price for 2025-03-01 was $311,362, a difference of $-5,419 (-1.7%) versus the prior year and $-5,403 versus the prior month.

    For the 2025-03-01 period, Tupelo had 312 MLS listings, a difference of -6 listings (-2%) versus the prior month and 25 listings (9%) 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 1,984 sqft
    2025-01-01 0 days 1,988 sqft
    2025-02-01 0 days 2,048 sqft
    2025-03-01 0 days 1,970 sqft
    Tupelo's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Tupelo's median square footage for active listings during the 2025-03-01 period was 1,970 sqft. One year prior, the average listing was 2,062 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.