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%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 53 6.85% $4,337
STOCKTON MORTGAGE CORPORATION 16 6.19% $9,427
USAA Federal Savings Bank 9 6.32% $7,532
Flagstar Bank, FSB 7 6.57% $7,150
QUICKEN LOANS, LLC 7 6.16% $9,568
NAVY FEDERAL CREDIT UNION 6 6.15% $2,200
BancorpSouth 5 6.55% $10,931
CROSSCOUNTRY MORTGAGE, LLC 5 7.01% $6,044
LOANDEPOT.COM, LLC 4 6.31% $7,913
PENNYMAC LOAN SERVICES, LLC 4 5.16% $4,941
Renasant Bank 4 6.63% $4,348
MOVEMENT MORTGAGE, LLC 3 6.42% $7,887
CARDINAL FINANCIAL 2 5.50% $5,648
Regions Bank 2 6.81% $9,016
NEW DAY FINANCIAL, LLC 2 7.68% $8,645
Trustmark National Bank 2 6.06% $4,521
UNITED WHOLESALE MORTGAGE, LLC 2 7.75% $7,671
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.25% $3,863
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.37% $15,963
Nations Lending Corporation 1 6.75% $5,176
EMBRACE HOME LOANS, INC. 1 5.63% $13,186
PLAZA HOME MORTGAGE, INC. 1 7.25% $9,656
Bank of England 1 6.00% $6,770
Barrington Bank & Trust Company, N.A. 1 7.75% $5,434
Equity Prime Mortgage LLC 1 5.38% $1,575
CB&S Bank, Inc. 1 6.75% $4,697
FREEDOM MORTGAGE CORPORATION 1 6.75% $14,817
GENEVA FINANCIAL, LLC 1 7.50% $152
GUARANTEED RATE, INC. 1 7.25% $790
GUILD MORTGAGE COMPANY 1 6.63% $16,264
AMERISAVE MORTGAGE CORPORATION 1 5.25% $14,447
Mid-Continent Funding, Inc. 1 6.75% $6,517
Community Bank of Mississippi 1 6.63% $12,265

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. 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.

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.