Tupelo Mortgage Rates

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Tupelo averaged 5.77% for the week of 2022-06-30, compared to the national average of 5.7% for the same period.

The average rate for the prior week (2022-06-23) was 6.18% and one month ago for the week of 2022-05-26, the average rate was 5.17%.

Tupelo's average rate one year ago was 3.1%.

For refis of the same type during the week of 2022-06-30, the average rate was 6.16%.

Loan Type Date Rate
US 30 Year Fixed Rate 2022-06-30 5.7%
Tupelo 30 Year Fixed Rate 2022-06-30 5.77%
Tupelo 30 Year Fixed Rate Refi 2022-06-30 6.16%
Tupelo 15 Year Fixed Rate 2022-06-30 5.65%
Tupelo 15 Year Fixed Rate Refi 2022-06-30 5.04%
Tupelo 30 Year FHA 2022-06-30 5.54%
Tupelo 30 Year FHA Refi 2022-06-30 5.97%
Tupelo 30 Year USDA 2022-06-30 5.84%
Tupelo 30 Year USDA Refi 2022-06-30 5.41%
Tupelo 30 Year VA 2022-06-30 5.77%
Tupelo 30 Year VA Refi 2022-06-30 5.23%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Tupelo, MS.

Tupelo Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lendor, for only loans originated in the Tupelo, MS market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
BancorpSouth Bank 266 3.22% $3,234
Renasant Bank 214 3.26% $3,268
Flagstar Bank, FSB 129 3.14% $4,880
QUICKEN LOANS, LLC 122 3.15% $4,479
GMFS LLC 76 3.08% $3,713
BankPlus 74 2.96% $2,342
Community Bank of Mississippi 67 3.49% $3,149
Trustmark National Bank 44 3.20% $3,216
Regions Bank 40 3.14% $3,025
PRIMELENDING, A PLAINSCAPITAL COMPANY 22 3.39% $4,165
CALIBER HOME LOANS, INC. 17 3.21% $4,363
AMERISAVE MORTGAGE CORPORATION 16 2.99% $5,930
MOVEMENT MORTGAGE, LLC 16 3.26% $3,260
MORTGAGE INVESTORS GROUP, INC. 15 3.41% $2,660
LOANDEPOT.COM, LLC 15 2.98% $5,488
Wells Fargo Bank 14 3.13% $3,940
CB&S Bank, Inc. 13 3.95% $2,678
PENNYMAC LOAN SERVICES, LLC 12 3.17% $3,799
COMMUNITY MORTGAGE CORPORATION 10 3.06% $4,298
AMERICAN HOME LENDING USA, LLC 9 3.21% $5,913
CROSSCOUNTRY MORTGAGE, LLC 9 3.42% $3,897
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.19% $5,422
Bank of England 8 3.22% $4,869
ROYAL UNITED MORTGAGE LLC 7 3.77% $6,416
CIS Financial Services, Inc. 7 3.07% $6,237
UNIFY FINANCIAL Credit Union 6 3.28% $1,874
BETTER MORTGAGE CORPORATION 6 3.21% $3,211
Ixonia Bank 6 3.35% $3,490
Hamilton Mortgage Corporation 6 3.31% $3,128
BROKER SOLUTIONS, INC. 5 3.22% $4,577
STOCKTON MORTGAGE CORPORATION 5 2.97% $3,470
Blue Ridge Bank 5 3.85% $3,371
Carrington Mortgage Services, LLC 4 3.25% $3,464
NAVY FEDERAL CREDIT UNION 4 3.91% $3,845
Nations Lending Corporation 4 3.25% $6,657
Mr. Cooper ( Nationstar Mortgage ) 4 3.81% $4,678
Discover Bank 4 4.37% $0
Stifel Bank and Trust 4 2.81% $5,877
FIRST COMMUNITY MORTGAGE, INC. 4 3.19% $3,281
U.S. Bank 3 3.00% $2,449
Bank of America 3 2.75% $2,852
MUTUAL OF OMAHA MORTGAGE, INC. 3 3.04% $6,832
Reliant Bank 3 7.61% $3,551
CHURCHILL MORTGAGE CORPORATION 3 3.21% $3,461
Triumph Bank 3 3.00% $2,957
AMERICAN FINANCING CORPORATION 3 3.46% $2,999
Citizens Bank 3 3.08% $4,269
RIVERTRUST Federal Credit Union 2 3.00% $3,117
Pinnacle Bank 2 3.31% $3,677
CANOPY MORTGAGE, LLC 2 3.38% $2,382
EVERETT FINANCIAL, INC. 2 3.81% $2,091
UNITED WHOLESALE MORTGAGE, LLC 2 3.19% $8,680
NEWREZ LLC 2 3.19% $3,729
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 2.93% $5,039
First Home Bank 2 3.06% $4,525
First Horizon Bank 2 3.13% $3,029
Chicago Mortgage Solutions LLC 2 2.87% $1,007
Mortgage Research Center, LLC 2 2.25% $9,224
GUILD MORTGAGE COMPANY 2 3.25% $2,060
JPMorgan Chase Bank 2 2.93% $3,401
Independent Bank 2 3.44% $3,180
RELIANCE FIRST CAPITAL, LLC 2 3.25% $7,310
ZILLOW HOME LOANS, LLC 1 3.00% $2,522
AMERICAN ADVISORS GROUP 1 3.13% $3,311
Ameris Bank 1 2.88% $3,992
ANGEL OAK HOME LOANS LLC 1 2.75% $5,164
Barrington Bank & Trust Company, N.A. 1 2.88% $2,948
Cadence Bank, N.A. 1 3.25% $2,387
Capitol Federal Savings Bank 1 3.25% $4,774
CHEVRON 1 2.75% $2,933
CITIZENS EQUITY FIRST 1 3.88% $1,880
Colonial Savings, F.A. 1 2.88% $3,926
CORNERSTONE HOME LENDING, INC. 1 2.75% $9,188
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 3.00% $3,717
DIGITAL Federal Credit Union 1 3.13% $5,993
DRAPER AND KRAMER MORTGAGE CORP. 1 3.50% $3,999
Eagle Bank and Trust Company 1 2.63% $2,482
EMBRACE HOME LOANS, INC. 1 4.38% $4,941
ENCORE BANK 1 3.50% $2,712
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.63% $3,171
FIDELITY BANK 1 3.00% $3,243
First Federal Bank 1 3.00% $4,267
First Guaranty Mortgage Corporation 1 4.13% $4,904
FORT FINANCIAL Federal Credit Union 1 4.88% $3,363
FREEDOM MORTGAGE CORPORATION 1 3.75% $2,188
Gate City Bank 1 2.50% $2,530
Gateway First Bank 1 3.50% $3,898
Goldwater Bank, N.A. 1 3.00% $6,100
GUARANTEED RATE AFFINITY, LLC 1 2.63% $0
INTERLINC MORTGAGE SERVICES, LLC 1 2.88% $3,188
ITHINK FINANCIAL Credit Union 1 2.63% $3,489
Listerhill Credit Union 1 4.38% $2,110
Manufacturers and Traders Trust Company 1 2.88% $3,924
MEMBER FIRST MORTGAGE, LLC 1 3.13% $4,679
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.00% $3,318
NBKC BANK 1 2.88% $1,723
OPEN MORTGAGE, LLC 1 2.75% $1,534
Orion Federal Credit Union 1 3.13% $2,591
PENTAGON FEDERAL CREDIT UNION 1 2.88% $3,152
PHH Mortgage Corporation 1 4.13% $4,611
SouthPoint Bank 1 3.63% $3,054
The Citizens National Bank of Bluffton 1 3.13% $2,859
The Citizens National Bank of Meridian 1 2.63% $3,071
Truist Bank 1 2.90% $2,045
Waterstone Mortgage Corporation 1 3.63% $2,888
Ally Bank 1 3.38% $5,239

Tupelo, MS's 106 lenders originated 4,811 loans during 2021. The total origination value was $778,635,000, with an average loan value of $161,845.

The top Tupelo lender as defined by loan originations is BancorpSouth Bank, with 266 loans originated. Their average total fees are $3,234, which is $35 lower than the next largest lender, Renasant Bank.

The lowest fee Tupelo lenders (with over 10 loans originated) are BankPlus ($2,342), MORTGAGE INVESTORS GROUP, INC. ($2,660), CB&S Bank, Inc. ($2,678), Regions Bank ($3,025) and Community Bank of Mississippi ($3,149).

The lowest rate Tupelo lenders (with over 10 loans originated) are BankPlus (2.96%), LOANDEPOT.COM, LLC (2.98%), AMERISAVE MORTGAGE CORPORATION (2.99%), COMMUNITY MORTGAGE CORPORATION (3.06%) and GMFS LLC (3.08%).

Tupelo, MS Lender Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
BancorpSouth Bank $139,800,000 $136,105,000 -2.6% 17.5%
Renasant Bank $134,340,000 $119,550,000 -11.0% 15.4%
Flagstar Bank, FSB $39,685,000 $65,260,000 64.4% 8.4%
QUICKEN LOANS, LLC $48,775,000 $59,455,000 21.9% 7.6%
BankPlus $51,785,000 $52,575,000 1.5% 6.8%
Community Bank of Mississippi $34,860,000 $38,780,000 11.2% 5.0%
Trustmark National Bank $25,885,000 $25,610,000 -1.1% 3.3%
GMFS LLC $14,780,000 $22,615,000 53.0% 2.9%
Mortgage Research Center, LLC $11,965,000 $17,405,000 45.5% 2.2%
Regions Bank $17,450,000 $17,400,000 -0.3% 2.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $8,020,000 $13,935,000 73.8% 1.8%
PRIMELENDING, A PLAINSCAPITAL COMPANY $14,800,000 $11,255,000 -24.0% 1.4%
CALIBER HOME LOANS, INC. $16,690,000 $10,540,000 -36.8% 1.4%
FREEDOM MORTGAGE CORPORATION $9,740,000 $9,485,000 -2.6% 1.2%
21ST MORTGAGE CORPORATION $10,155,000 $7,235,000 -28.8% 0.9%
LOANDEPOT.COM, LLC $5,390,000 $7,045,000 30.7% 0.9%
Wells Fargo Bank $5,300,000 $6,745,000 27.3% 0.9%
PENNYMAC LOAN SERVICES, LLC $2,305,000 $6,630,000 187.6% 0.9%
AMERISAVE MORTGAGE CORPORATION $3,575,000 $6,445,000 80.3% 0.8%
MOVEMENT MORTGAGE, LLC $865,000 $6,210,000 617.9% 0.8%
CIS Financial Services, Inc. $325,000 $5,560,000 1,610.8% 0.7%
CB&S Bank, Inc. $9,355,000 $5,070,000 -45.8% 0.7%
Hamilton Mortgage Corporation $7,090,000 $4,940,000 -30.3% 0.6%
COMMUNITY MORTGAGE CORPORATION $2,305,000 $4,515,000 95.9% 0.6%
CROSSCOUNTRY MORTGAGE, LLC $375,000 $4,475,000 1,093.3% 0.6%
MORTGAGE INVESTORS GROUP, INC. $3,720,000 $4,115,000 10.6% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $4,290,000 $3,980,000 -7.2% 0.5%
AMERICAN HOME LENDING USA, LLC $4,995,000 $3,905,000 -21.8% 0.5%
BankFirst Financial Services $440,000 $3,345,000 660.2% 0.4%
Bank of England $2,005,000 $3,115,000 55.4% 0.4%
NEW DAY FINANCIAL, LLC $2,800,000 $3,100,000 10.7% 0.4%
Ixonia Bank $2,935,000 n/a 0.4%
USAA Federal Savings Bank $4,640,000 $2,740,000 -40.9% 0.4%
SOUTHWEST STAGE FUNDING, LLC $630,000 $2,675,000 324.6% 0.3%
TRIAD FINANCIAL SERVICES, INC. $1,000,000 $2,605,000 160.5% 0.3%
First Commercial Bank $2,570,000 n/a 0.3%
NEWREZ LLC $1,040,000 $2,440,000 134.6% 0.3%
STOCKTON MORTGAGE CORPORATION $265,000 $2,405,000 807.5% 0.3%
Planters Bank & Trust Company $2,245,000 n/a 0.3%
BROKER SOLUTIONS, INC. $1,140,000 $2,015,000 76.8% 0.3%
Carrington Mortgage Services, LLC $900,000 $1,940,000 115.6% 0.2%
BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $1,935,000 n/a 0.2%
Blue Ridge Bank $2,085,000 $1,910,000 -8.4% 0.2%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,380,000 $1,895,000 37.3% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $845,000 $1,825,000 116.0% 0.2%
BETTER MORTGAGE CORPORATION $1,045,000 $1,770,000 69.4% 0.2%
UNITED WHOLESALE MORTGAGE, LLC $2,445,000 $1,750,000 -28.4% 0.2%
JPMorgan Chase Bank $1,875,000 $1,730,000 -7.7% 0.2%
NAVY FEDERAL CREDIT UNION $1,375,000 $1,730,000 25.8% 0.2%
UNIFY FINANCIAL Credit Union $1,495,000 $1,700,000 13.7% 0.2%
Reliant Bank $690,000 $1,695,000 145.7% 0.2%
First Guaranty Mortgage Corporation $265,000 $1,440,000 443.4% 0.2%
Stifel Bank and Trust $815,000 $1,330,000 63.2% 0.2%
Barrington Bank & Trust Company, N.A. $2,795,000 $1,295,000 -53.7% 0.2%
FIRST COMMUNITY MORTGAGE, INC. $895,000 $1,290,000 44.1% 0.2%
LAKEVIEW LOAN SERVICING, LLC $1,230,000 $1,255,000 2.0% 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $330,000 $1,170,000 254.5% 0.2%
ROYAL UNITED MORTGAGE LLC $505,000 $1,090,000 115.8% 0.1%
Citizens Bank $125,000 $1,030,000 724.0% 0.1%
The Bank of Holly Springs $1,500,000 $1,000,000 -33.3% 0.1%
Pinnacle Bank $990,000 n/a 0.1%
Lakeview Community Capital, LLC $940,000 n/a 0.1%
GUILD MORTGAGE COMPANY $115,000 $910,000 691.3% 0.1%
Nations Lending Corporation $205,000 $900,000 339.0% 0.1%
Triumph Bank $175,000 $845,000 382.9% 0.1%
First Horizon Bank $75,000 $780,000 940.0% 0.1%
CHURCHILL MORTGAGE CORPORATION $570,000 $775,000 36.0% 0.1%
Bank of America $805,000 $765,000 -5.0% 0.1%
Brighton Bank $370,000 $720,000 94.6% 0.1%
HOME POINT FINANCIAL CORPORATION $420,000 $710,000 69.0% 0.1%
The Federal Savings Bank $900,000 $655,000 -27.2% 0.1%
PENTAGON FEDERAL CREDIT UNION $135,000 $645,000 377.8% 0.1%
STEARNS LENDING, LLC $635,000 n/a 0.1%
U.S. Bank $1,160,000 $635,000 -45.3% 0.1%
PLANET HOME LENDING, LLC $260,000 $600,000 130.8% 0.1%
RIVERTRUST Federal Credit Union $205,000 $590,000 187.8% 0.1%
AMERICAN ADVISORS GROUP $385,000 $575,000 49.4% 0.1%
CANOPY MORTGAGE, LLC $575,000 n/a 0.1%
Capitol Federal Savings Bank $1,835,000 $565,000 -69.2% 0.1%
Chicago Mortgage Solutions LLC $565,000 n/a 0.1%
FirstBank $1,290,000 $565,000 -56.2% 0.1%
Mid-Continent Funding, Inc. $505,000 n/a 0.1%
Magnolia Bank $7,925,000 $485,000 -93.9% 0.1%
RELIANCE FIRST CAPITAL, LLC $415,000 $485,000 16.9% 0.1%
ACIPCO Federal Credit Union $475,000 n/a 0.1%
Discover Bank $65,000 $465,000 615.4% 0.1%
LEADERONE FINANCIAL CORPORATION $300,000 $455,000 51.7% 0.1%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $330,000 $450,000 36.4% 0.1%
Ameris Bank $445,000 n/a 0.1%
VILLAGE CAPITAL & INVESTMENT LLC $2,000,000 $445,000 -77.8% 0.1%
ACCELERATE MORTGAGE, LLC $430,000 n/a 0.1%
FORT FINANCIAL Federal Credit Union $485,000 $430,000 -11.3% 0.1%
GUARANTEED RATE, INC. $430,000 n/a 0.1%
CSL Financial, LLC $275,000 $420,000 52.7% 0.1%
Eagle Bank and Trust Company $175,000 $420,000 140.0% 0.1%
Cadence Bank, N.A. $415,000 n/a 0.1%
DRAPER AND KRAMER MORTGAGE CORP. $415,000 n/a 0.1%
GUARANTEED RATE AFFINITY, LLC $415,000 n/a 0.1%
Independent Bank $410,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $410,000 n/a 0.1%
EVERETT FINANCIAL, INC. $95,000 $390,000 310.5% 0.1%
FEDEX EMPLOYEES CREDIT ASSOCIATION $385,000 n/a 0.0%
First Federal Bank $105,000 $370,000 252.4% 0.0%
Northpointe Bank $550,000 $370,000 -32.7% 0.0%
ANGEL OAK HOME LOANS LLC $115,000 $365,000 217.4% 0.0%
Orion Federal Credit Union $365,000 n/a 0.0%
ITHINK FINANCIAL Credit Union $355,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $710,000 $350,000 -50.7% 0.0%
PHH Mortgage Corporation $65,000 $350,000 438.5% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $340,000 n/a 0.0%
Colonial Savings, F.A. $275,000 $335,000 21.8% 0.0%
Manufacturers and Traders Trust Company $175,000 $330,000 88.6% 0.0%
Plains Commerce Bank $330,000 n/a 0.0%
PriorityOne Bank $315,000 n/a 0.0%
First Home Bank $310,000 n/a 0.0%
OPEN MORTGAGE, LLC $290,000 n/a 0.0%
Evolve Bank & Trust $285,000 n/a 0.0%
The Citizens National Bank of Meridian $285,000 n/a 0.0%
BNC National Bank $275,000 n/a 0.0%
Guaranty Bank and Trust Company $275,000 n/a 0.0%
MEMBER FIRST MORTGAGE, LLC $265,000 n/a 0.0%
Gateway First Bank $255,000 n/a 0.0%
Midwest BankCentre $225,000 $255,000 13.3% 0.0%
SouthPoint Bank $255,000 n/a 0.0%
Meridian Bank Corporation $245,000 n/a 0.0%
ARC HOME LLC $235,000 n/a 0.0%
The Central Trust Bank $235,000 n/a 0.0%
CORNERSTONE HOME LENDING, INC. $230,000 n/a 0.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $640,000 $220,000 -65.6% 0.0%
FBT Mortgage, L.L.C. $215,000 n/a 0.0%
Low VA Rates, LLC $215,000 n/a 0.0%
STATEWIDE FEDERAL CREDIT UNION $225,000 $215,000 -4.4% 0.0%
Bank of Whittier $205,000 n/a 0.0%
CMG MORTGAGE, INC. $690,000 $205,000 -70.3% 0.0%
ENCORE BANK $205,000 n/a 0.0%
NBKC BANK $515,000 $205,000 -60.2% 0.0%
The Citizens National Bank of Bluffton $205,000 n/a 0.0%
1st Franklin Financial Corporation $40,000 $190,000 375.0% 0.0%
First Savings Bank $125,000 $185,000 48.0% 0.0%
Hometown Lenders, Inc. $170,000 $185,000 8.8% 0.0%
Southeast Financial Credit Union $185,000 n/a 0.0%
TIAA, FSB $125,000 $185,000 48.0% 0.0%
Ally Bank $115,000 $175,000 52.2% 0.0%
Bank Independent $195,000 $175,000 -10.3% 0.0%
CHEVRON $175,000 n/a 0.0%
Truist Bank $175,000 n/a 0.0%
EMBRACE HOME LOANS, INC. $260,000 $165,000 -36.5% 0.0%
EMM LOANS LLC $165,000 n/a 0.0%
NATIONWIDE MORTGAGE BANKERS, INC. $155,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $210,000 $155,000 -26.2% 0.0%
Goldwater Bank, N.A. $145,000 n/a 0.0%
INTERLINC MORTGAGE SERVICES, LLC $145,000 n/a 0.0%
Listerhill Credit Union $195,000 $140,000 -28.2% 0.0%
Austin Capital Bank SSB $185,000 $135,000 -27.0% 0.0%
CITIZENS EQUITY FIRST $285,000 $135,000 -52.6% 0.0%
NFM, INC. $135,000 n/a 0.0%
Wyndham Capital Mortgage, Inc. $255,000 $135,000 -47.1% 0.0%
FIDELITY BANK $125,000 n/a 0.0%
Figure Lending LLC $85,000 $120,000 41.2% 0.0%
DIGITAL Federal Credit Union $115,000 n/a 0.0%
North American Savings Bank, F.S.B. $690,000 $115,000 -83.3% 0.0%
NUMARK CREDIT UNION $115,000 n/a 0.0%
Deere Employees Credit Union $105,000 n/a 0.0%
KEESLER $215,000 $105,000 -51.2% 0.0%
NAVIGATOR CU $105,000 n/a 0.0%
PREMIA MORTGAGE, LLC $105,000 n/a 0.0%
SUPERIOR CHOICE $105,000 n/a 0.0%
Gate City Bank $95,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $620,000 $85,000 -86.3% 0.0%
Sycamore Bank $85,000 n/a 0.0%
EUSTIS AND AMERICAN MORTGAGE COMPANY $290,000 $75,000 -74.1% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $75,000 n/a 0.0%
Waterstone Mortgage Corporation $65,000 n/a 0.0%
Baxter Credit Union $165,000 $35,000 -78.8% 0.0%
Bethpage Federal Credit Union $25,000 n/a 0.0%
Home Loan Investment Bank, F.S.B. $25,000 n/a 0.0%
SPRING EQ, LLC $25,000 n/a 0.0%

Tupelo's top lender by overall market share is BancorpSouth Bank, with 17.5% market share. In second place, with 15.4%, is Renasant Bank, having originated $119,550,000 in loans. In third place, with 8.4%, is Flagstar Bank, FSB, having originated $65,260,000 in loans. In third place, with 7.6%, is QUICKEN LOANS, LLC, having originated $59,455,000 in loans. In third place, with 6.8%, is BankPlus, having originated $52,575,000 in loans.


Tupelo, MS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,068 $382,100,000 $184,768
Refi 1,685 $267,505,000 $158,757
Cash Out Refi 662 $102,540,000 $154,894
Other 271 $18,745,000 $69,170
Home Improvement 125 $7,745,000 $61,960

Tupelo's most frequently cited loan purpose was Home Purchase, with 2,068 originations. The 2nd most popular reason was Refi, with 1,685 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 1,945 $313,015,000 $160,933
2.5-3% 1,692 $302,760,000 $178,936
<2.5% 709 $114,305,000 $161,220
4-5% 200 $22,230,000 $111,150
Over 8% 89 $6,725,000 $75,562
5-6% 67 $6,165,000 $92,015
6-7% 48 $3,990,000 $83,125
7-8% 37 $2,565,000 $69,324

During 2021, Tupelo's most frequently originated rate bucket was 3-4%, with 1,945 originations.

Loan Sizing (Tupelo, MS MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 2,109 $309,135,000 $146,579
$100,000 or less 1,457 $87,945,000 $60,360
$200k-400k 1,073 $279,075,000 $260,089
$400k-600k 121 $56,715,000 $468,719
$600k-1000k 42 $31,840,000 $758,095
$Over $1MM 9 $13,925,000 $1,547,222

Tupelo's loan sizing saw the bucket of loans from $100k-200k with 2,109 originations, totaling $309,135,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 2,132 $396,450,000 $185,952
60-80% 1,283 $231,815,000 $180,682
40-60% 566 $75,190,000 $132,845
20-40% 351 $27,455,000 $78,219
Under 20% 294 $9,870,000 $33,571
Over 100% 63 $15,285,000 $242,619

Tupelo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 2,132 originations, totaling $396,450,000 in origination value.


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 $175,000 (7.8%) $212,516 (1.8%) 0.64 487
2018-02-01 $179,500 (12.4%) $215,613 (0.9%) 0.65 485
2018-03-01 $179,900 (12.4%) $212,818 (-1.4%) 0.62 490
2018-04-01 $186,173 (9.6%) $217,276 (-1.5%) 0.62 517
2018-05-01 $186,123 (9.6%) $217,698 (1.2%) 0.62 523
2018-06-01 $180,000 (5.3%) $216,249 (-0.9%) 0.60 535
2018-07-01 $187,453 (10.3%) $220,966 (0.6%) 0.63 556
2018-08-01 $187,880 (12.9%) $223,521 (4.5%) 0.63 548
2018-09-01 $184,900 (12.1%) $226,512 (9.5%) 0.62 545
2018-10-01 $181,950 (9.3%) $224,242 (9.1%) 0.61 497
2018-11-01 $184,250 (8.1%) $224,968 (7.5%) 0.62 477
2018-12-01 $179,900 (2.9%) $222,004 (5.2%) 0.62 448
2019-01-01 $184,000 (5.1%) $226,510 (6.6%) 0.63 434
2019-02-01 $187,000 (4.2%) $229,937 (6.6%) 0.63 434
2019-03-01 $197,857 (10.0%) $241,904 (13.7%) 0.64 437
2019-04-01 $215,000 (15.5%) $254,316 (17.1%) 0.68 428
2019-05-01 $217,500 (16.9%) $252,056 (15.8%) 0.67 441
2019-06-01 $215,000 (19.4%) $257,836 (19.2%) 0.66 450
2019-07-01 $209,450 (11.7%) $254,748 (15.3%) 0.65 463
2019-08-01 $203,957 (8.6%) $251,218 (12.4%) 0.64 454
2019-09-01 $194,950 (5.4%) $244,472 (7.9%) 0.62 451
2019-10-01 $195,200 (7.3%) $242,881 (8.3%) 0.62 445
2019-11-01 $189,900 (3.1%) $238,452 (6.0%) 0.61 426
2019-12-01 $189,900 (5.6%) $234,722 (5.7%) 0.63 404
2020-01-01 $189,900 (3.2%) $236,226 (4.3%) 0.63 381
2020-02-01 $189,900 (1.6%) $236,087 (2.7%) 0.61 402
2020-03-01 $193,500 (-2.2%) $253,357 (4.7%) 0.60 386
2020-04-01 $199,900 (-7.0%) $260,773 (2.5%) 0.62 370
2020-05-01 $199,900 (-8.1%) $265,406 (5.3%) 0.61 340
2020-06-01 $213,500 (-0.7%) $274,293 (6.4%) 0.62 303
2020-07-01 $225,750 (7.8%) $285,224 (12.0%) 0.65 291
2020-08-01 $215,000 (5.4%) $280,366 (11.6%) 0.61 282
2020-09-01 $213,450 (9.5%) $278,325 (13.9%) 0.61 277
2020-10-01 $229,900 (17.8%) $292,220 (20.3%) 0.66 258
2020-11-01 $247,000 (30.1%) $305,511 (28.1%) 0.71 254
2020-12-01 $229,950 (21.1%) $303,007 (29.1%) 0.67 261
2021-01-01 $229,000 (20.6%) $295,990 (25.3%) 0.67 233
2021-02-01 $244,900 (29.0%) $290,364 (23.0%) 0.70 203
2021-03-01 $269,900 (39.5%) $289,304 (14.2%) 0.76 212
2021-04-01 $249,950 (25.0%) $298,541 (14.5%) 0.67 179
2021-05-01 $235,000 (17.6%) $287,929 (8.5%) 0.62 185
2021-06-01 $249,950 (17.1%) $300,733 (9.6%) 0.65 211
2021-07-01 $244,600 (8.4%) $294,940 (3.4%) 0.64 214
2021-08-01 $235,000 (9.3%) $293,378 (4.6%) 0.62 232
2021-09-01 $233,500 (9.4%) $298,724 (7.3%) 0.61 227
2021-10-01 $239,900 (4.4%) $302,512 (3.5%) 0.63 251
2021-11-01 $244,650 (-1.0%) $316,136 (3.5%) 0.64 226
2021-12-01 $244,475 (6.3%) $307,252 (1.4%) 0.65 216
2022-01-01 $245,000 (7.0%) $295,904 (0.0%) 0.65 196
2022-02-01 $240,000 (-2.0%) $297,807 (2.6%) 0.61 163
2022-03-01 $246,450 (-8.7%) $300,263 (3.8%) 0.61 163
2022-04-01 $250,500 (0.2%) $305,237 (2.2%) 0.59 162
2022-05-01 $251,750 (7.1%) $300,011 (4.2%) 0.56 190
2022-06-01 $258,550 (3.4%) $294,588 (-2.0%) 0.57 234
Tupelo's median listing price for 2022-06-01 was $258,550, a difference of $8,600 (3.4%) versus the prior year and $6,800 versus the prior month.

Tupelo's median listing price comes in at 57% of the national average.

Tupelo's average listing price for 2022-06-01 was $294,588, a difference of $-6,145 (-2.0%) versus the prior year and $-5,423 versus the prior month.

For the 2022-06-01 period, Tupelo had 234 MLS listings, a difference of 44 listings (23%) versus the prior month and 23 listings (11%) 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 95 days 2,071 sqft
2018-02-01 95 days 2,087 sqft
2018-03-01 78 days 2,073 sqft
2018-04-01 73 days 2,139 sqft
2018-05-01 76 days 2,126 sqft
2018-06-01 78 days 2,073 sqft
2018-07-01 85 days 2,108 sqft
2018-08-01 86 days 2,120 sqft
2018-09-01 85 days 2,120 sqft
2018-10-01 94 days 2,110 sqft
2018-11-01 98 days 2,104 sqft
2018-12-01 101 days 2,136 sqft
2019-01-01 106 days 2,148 sqft
2019-02-01 93 days 2,148 sqft
2019-03-01 78 days 2,213 sqft
2019-04-01 74 days 2,301 sqft
2019-05-01 72 days 2,298 sqft
2019-06-01 70 days 2,300 sqft
2019-07-01 80 days 2,326 sqft
2019-08-01 87 days 2,318 sqft
2019-09-01 83 days 2,268 sqft
2019-10-01 73 days 2,230 sqft
2019-11-01 84 days 2,195 sqft
2019-12-01 93 days 2,124 sqft
2020-01-01 103 days 2,100 sqft
2020-02-01 99 days 2,086 sqft
2020-03-01 92 days 2,128 sqft
2020-04-01 86 days 2,179 sqft
2020-05-01 94 days 2,200 sqft
2020-06-01 101 days 2,248 sqft
2020-07-01 101 days 2,304 sqft
2020-08-01 78 days 2,285 sqft
2020-09-01 69 days 2,225 sqft
2020-10-01 68 days 2,303 sqft
2020-11-01 76 days 2,485 sqft
2020-12-01 78 days 2,400 sqft
2021-01-01 91 days 2,384 sqft
2021-02-01 89 days 2,302 sqft
2021-03-01 48 days 2,145 sqft
2021-04-01 50 days 2,145 sqft
2021-05-01 50 days 2,145 sqft
2021-06-01 48 days 2,145 sqft
2021-07-01 50 days 2,145 sqft
2021-08-01 57 days 2,145 sqft
2021-09-01 58 days 2,145 sqft
2021-10-01 62 days 2,145 sqft
2021-11-01 62 days 2,145 sqft
2021-12-01 70 days 2,136 sqft
2022-01-01 85 days 2,145 sqft
2022-02-01 76 days 2,145 sqft
2022-03-01 50 days 2,119 sqft
2022-04-01 44 days 2,145 sqft
2022-05-01 44 days 2,052 sqft
2022-06-01 42 days 2,041 sqft
Tupelo's median listing age (time on market) for 2022-06-01 was 42 days. This is -13% shorter than the same period one year ago.

Tupelo's median square footage for active listings during the 2022-06-01 period was 2,041 sqft. One year prior, the average listing was 2,145 sqft.