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 0.22% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

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

    The average rate for the prior week (2025-06-13) was 6.66% and one month ago for the week of 2025-05-16, the average rate was 6.52%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.28%.

    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%), .

    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.