Mississippi FHA Loan Rates, Closing Costs & Stats

Mississippi

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Mississippi FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Mississippi averaged 6.42% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Mississippi's average FHA mortgage closing costs are $7,145.

    The average rate for the prior week (2025-03-28) was 6.31% and one month ago for the week of 2025-02-28, the average rate was 6.3%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.96%.

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

    Mississippi FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Mississippi level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Trustmark National Bank 794 6.33% $8,035
    QUICKEN LOANS, LLC 725 6.35% $9,837
    BancorpSouth 383 6.18% $8,442
    DHI MORTGAGE COMPANY, LTD. 272 5.01% $7,158
    Flagstar Bank, FSB 271 6.14% $9,692
    UNITED WHOLESALE MORTGAGE, LLC 267 6.14% $11,853
    STOCKTON MORTGAGE CORPORATION 257 6.45% $9,858
    CROSSCOUNTRY MORTGAGE, LLC 254 6.44% $10,472
    Renasant Bank 216 6.48% $8,872
    KEESLER 202 5.56% $7,594
    CMG MORTGAGE, INC. 191 6.51% $9,659
    American Mortgage Bank, LLC 169 6.29% $9,794
    SWBC MORTGAGE CORPORATION 165 6.24% $7,380
    BROKER SOLUTIONS, INC. 159 6.84% $10,426
    COMMUNITY MORTGAGE CORPORATION 153 6.19% $11,340
    Regions Bank 145 6.40% $8,345
    CARDINAL FINANCIAL 142 6.09% $12,849
    FREEDOM MORTGAGE CORPORATION 131 6.48% $10,731
    Nations Lending Corporation 127 6.55% $7,869
    PENNYMAC LOAN SERVICES, LLC 113 6.01% $9,533
    GUILD MORTGAGE COMPANY 107 6.56% $9,676
    PLANET HOME LENDING, LLC 99 6.49% $9,293
    Community Bank of Mississippi 99 6.15% $8,513
    LOANDEPOT.COM, LLC 97 6.44% $10,315
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 97 6.29% $9,159
    BankPlus 82 6.12% $6,618
    Bank of England 82 6.30% $10,806
    MORTGAGE SOLUTIONS OF COLORADO, LLC 81 6.51% $9,192
    GMFS LLC 80 6.53% $7,324
    GUARANTEED RATE, INC. 74 6.43% $11,655
    Equity Prime Mortgage LLC 73 6.83% $12,110
    Eagle Bank and Trust Company 72 6.42% $10,216
    MORTGAGE INVESTORS GROUP, INC. 64 6.46% $8,747
    TOWNE MORTGAGE COMPANY 62 6.57% $10,313
    Origin Bank 62 6.26% $7,414
    Magnolia Bank 57 6.40% $9,495
    ACOPIA, LLC 55 6.20% $10,946
    FIRST COMMUNITY MORTGAGE, INC. 55 6.57% $8,585
    DSLD MORTGAGE, LLC 53 6.00% $5,652
    FIDELITY BANK 47 6.58% $8,341
    UNION HOME MORTGAGE CORP. 47 6.08% $9,957
    MUTUAL OF OMAHA MORTGAGE, INC. 45 6.49% $13,447
    Mortgage Research Center, LLC 38 6.71% $6,746
    Carrington Mortgage Services, LLC 38 6.32% $11,871
    AMERISAVE MORTGAGE CORPORATION 36 6.32% $11,423
    PRIMELENDING, A PLAINSCAPITAL COMPANY 34 6.80% $10,201
    FIRST COLONY MORTGAGE CORPORATION 34 6.33% $11,585
    Merchants & Marine Bank 33 6.38% $8,670
    DELMAR FINANCIAL COMPANY 31 6.40% $8,957
    The Citizens National Bank of Meridian 28 6.41% $7,966
    AmeriHome Mortgage Company, LLC 26 6.54% $6,759
    NEWREZ LLC 25 6.45% $9,363
    Mr. Cooper ( Nationstar Mortgage ) 23 6.57% $11,078
    EVERETT FINANCIAL, INC. 23 6.76% $11,186
    FBC MORTGAGE, LLC 23 5.37% $7,767
    EUSTIS AND AMERICAN MORTGAGE COMPANY 22 6.51% $8,627
    Paramount Residential Mortgage Group, Inc. 22 6.39% $12,816
    Hancock Whitney Bank 22 6.17% $7,595
    OPEN MORTGAGE, LLC 19 6.79% $8,773
    AFFORDABLE MORTGAGE ADVISORS, LLC. 19 6.56% $8,478
    Evolve Bank & Trust 19 6.09% $9,519
    GENEVA FINANCIAL, LLC 19 6.55% $8,617
    LAKEVIEW LOAN SERVICING, LLC 18 6.30% $8,847
    BARTLETT MORTGAGE, INC. 18 6.13% $12,046
    SOUTHWEST FUNDING, LP 17 6.65% $15,195
    VILLAGE CAPITAL MORTGAGE 17 6.48% $8,545
    MOVEMENT MORTGAGE, LLC 17 6.71% $10,164
    Grand Bank for Savings, FSB 16 6.42% $6,163
    AMERICAN FINANCIAL NETWORK, INC. 16 7.16% $10,311
    Pinnacle Bank 15 6.20% $10,567
    ZILLOW HOME LOANS, LLC 15 6.56% $9,642
    EVANSVILLE TEACHERS 14 6.59% $7,682
    AMERICAN FINANCIAL RESOURCES, INC. 12 6.43% $7,461
    Towne Bank 12 6.78% $10,725
    PLAZA HOME MORTGAGE, INC. 12 6.69% $9,588
    Patriot Bank 11 5.76% $10,448
    Residential Acceptance Corporation 11 7.20% $10,679
    NBKC BANK 11 6.22% $8,670
    Princeton Mortgage Corporation 11 6.62% $10,431
    Hamilton Mortgage Corporation 11 6.72% $9,746
    EMM LOANS LLC 11 6.41% $12,198
    AMERICAN FINANCING CORPORATION 11 6.23% $11,933
    CHURCHILL MORTGAGE CORPORATION 11 6.67% $9,880
    ROYAL UNITED MORTGAGE LLC 10 6.74% $9,506
    Ixonia Bank 10 6.71% $11,792
    Lakeview Community Capital, LLC 9 6.40% $8,825
    CORNERSTONE HOME LENDING, INC. 8 7.39% $10,856
    T2 FINANCIAL LLC 8 6.53% $11,541
    American Mortgage & Equity Consultants, Inc. 8 7.20% $11,746
    RELIANCE FIRST CAPITAL, LLC 8 6.47% $11,830
    Wells Fargo Bank 8 6.03% $8,587
    Plains Commerce Bank 7 6.45% $10,672
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.35% $8,904
    Barrington Bank & Trust Company, N.A. 7 6.86% $9,420
    HOMEBRIDGE FINANCIAL SERVICES, INC. 7 6.34% $6,042
    LEADERONE FINANCIAL CORPORATION 7 6.91% $8,983
    MICHIGAN MUTUAL, INC. 7 6.05% $14,297
    PREMIER MORTGAGE RESOURCES, L.L.C. 7 6.18% $14,112
    SUN WEST MORTGAGE COMPANY, INC. 7 6.04% $11,768
    The Loan Store, Inc. 7 6.43% $11,742
    MID AMERICA MORTGAGE, INC. 6 7.15% $5,360
    Century Mortgage Company DBA Century Lending Company 6 6.69% $12,009
    M&T Bank 6 6.52% $8,410
    JPMorgan Chase Bank 6 6.88% $9,224
    First Horizon Bank 5 6.55% $7,688
    FirstBank 5 6.40% $9,880
    TruHome Solutions, LLC 5 6.15% $12,611
    CANOPY MORTGAGE, LLC 5 6.47% $13,108
    Cornerstone First Mortgage, Inc 5 6.20% $11,317
    PREMIA MORTGAGE, LLC 5 6.42% $5,720
    EMBRACE HOME LOANS, INC. 5 6.50% $11,521
    LIBERTY HOME MORTGAGE CORPORATION 4 6.72% $11,632
    MORTGAGE FINANCIAL SERVICES, LLC 4 6.90% $12,840
    CIS Financial Services, Inc. 4 6.34% $8,887
    U.S. Bank 4 6.34% $8,645
    LAND HOME FINANCIAL SERVICES, INC. 4 6.75% $13,194
    AMERITRUST MORTGAGE CORPORATION 4 7.66% $9,333
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.63% $9,797
    The Federal Savings Bank 4 6.69% $15,763
    NEW DAY FINANCIAL, LLC 4 7.43% $4,057
    SOUTHWEST STAGE FUNDING, LLC 4 5.41% $8,094
    Assurance Financial Group, L.L.C. 4 7.34% $7,522
    Orion Federal Credit Union 3 6.21% $12,147
    Gulf Coast Bank and Trust Company 3 6.58% $8,964
    GUARANTEED RATE AFFINITY, LLC 3 6.71% $7,742
    FLAT BRANCH MORTGAGE, INC. 3 6.75% $9,115
    NORWICH COMMERCIAL GROUP, INC. 3 5.92% $5,897
    OCMBC, INC. 3 6.79% $12,469
    PENTAGON FEDERAL CREDIT UNION 3 5.63% $13,214
    Citizens Bank 3 6.50% $5,808
    S1L, Inc. 3 6.42% $8,992
    Wolfe Financial, Inc 3 6.71% $13,882
    BETTER MORTGAGE CORPORATION 3 6.54% $9,888
    Independent Bank 3 6.92% $12,393
    HOPE FEDERAL CREDIT UNION 2 6.50% $13,381
    Prosperity Home Mortgage, LLC 2 6.19% $13,636
    PNC Bank 2 6.13% $10,140
    BECKAM FUNDING CORP. 2 7.38% $9,088
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.63% $10,128
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.38% $10,069
    ENVOY MORTGAGE, LTD 2 7.13% $7,176
    INTERLINC MORTGAGE SERVICES, LLC 2 7.13% $7,881
    Bank of America 2 5.81% $10,534
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.44% $7,985
    Truist 2 5.98% $9,838
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.94% $5,138
    NEXERA HOLDING LLC 2 5.94% $8,128
    First Federal Bank, A FSB 2 5.94% $9,370
    Tyndall Federal Credit Union 2 6.31% $6,435
    GSF Mortgage Corporation 2 7.88% $14,569
    OCEANSIDE MORTGAGE COMPANY 2 5.94% $3,098
    SeaTrust Mortgage Company 2 6.19% $8,253
    ONY GLO, INC. 2 6.44% $9,336
    First Federal Bank 2 6.19% $10,451
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.25% $11,311
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.13% $7,131
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.63% $8,975
    Meridian Bank Corporation 1 6.50% $5,516
    Centennial Bank 1 7.25% $11,585
    Independent Bank 1 6.13% $11,367
    First Community Bank 1 6.63% $6,872
    Synovus Bank 1 6.25% $8,313
    Texana Bank 1 6.38% $5,720
    The Central Trust Bank 1 6.25% $7,880
    MEMBER FIRST MORTGAGE, LLC 1 6.13% $12,824
    THE MORTGAGE FIRM, INC. 1 6.63% $7,035
    BARKSDALE 1 6.88% $6,445
    Home Mortgage Alliance Corp 1 8.25% $5,477
    AXIA FINANCIAL, LLC 1 7.25% $3,533
    North American Savings Bank, F.S.B. 1 6.50% $8,730
    OceanFirst Bank 1 5.75% $10,043
    HOMESIDE FINANCIAL, LLC 1 6.75% $9,823
    Home Federal Bank 1 6.50% $3,762
    NexBank 1 5.88% $10,944
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $13,072
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.88% $13,692
    Fifth Third Bank 1 7.13% $6,802
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.25% $7,174
    PHH Mortgage Corporation 1 5.13% $16,763
    ENCORE BANK 1 6.75% $7,934
    MYCUMORTGAGE, LLC 1 6.75% $8,926
    DIRECT MORTGAGE LOANS, LLC 1 6.63% $11,585
    Goldwater Bank, N.A. 1 8.99% $16,479
    DATA MORTGAGE, INC. 1 6.00% $15,286
    COMMUNITYAMERICA 1 6.63% $6,447
    Commerce Home Mortgage, Inc. 1 6.88% $14,577
    City Lending Inc. 1 7.75% $11,851
    C & F Mortgage Corporation 1 6.50% $4,976
    RUOFF MORTGAGE COMPANY, INC. 1 5.75% $7,389
    Leaders Credit Union 1 5.99% $7,159
    Simmons Bank 1 6.00% $9,625
    SIRVA MORTGAGE, INC. 1 6.13% $6,884

    The top Mississippi FHA lender as defined by loan originations is Trustmark National Bank, with 794 FHA loans originated. Their average total fees are $8,035, which is $1,803 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Mississippi FHA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($5,652), Grand Bank for Savings, FSB ($6,163), BankPlus ($6,618), Mortgage Research Center, LLC ($6,746) and AmeriHome Mortgage Company, LLC ($6,759).

    The lowest rate Mississippi FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.01%), FBC MORTGAGE, LLC (5.37%), KEESLER (5.56%), Patriot Bank (5.76%) and DSLD MORTGAGE, LLC (6.00%).

    Mississippi FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NATCHEZ, MS-LA ADAMS 2022 $420,680 $538,650 $651,050 $809,150
    CORINTH, MS ALCORN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO AMITE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ATTALA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BENTON 2022 $420,680 $538,650 $651,050 $809,150
    CLEVELAND, MS BOLIVAR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CALHOUN 2022 $420,680 $538,650 $651,050 $809,150
    GREENWOOD, MS CARROLL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHICKASAW 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CHOCTAW 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CLAIBORNE 2022 $420,680 $538,650 $651,050 $809,150
    MERIDIAN, MS CLARKE 2022 $420,680 $538,650 $651,050 $809,150
    WEST POINT, MS CLAY 2022 $420,680 $538,650 $651,050 $809,150
    CLARKSDALE, MS COAHOMA 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, MS COPIAH 2022 $420,680 $538,650 $651,050 $809,150
    HATTIESBURG, MS COVINGTON 2022 $420,680 $538,650 $651,050 $809,150
    MEMPHIS, TN-MS-AR DESOTO 2022 $420,680 $538,650 $651,050 $809,150
    HATTIESBURG, MS FORREST 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GEORGE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GREENE 2022 $420,680 $538,650 $651,050 $809,150
    GRENADA, MS GRENADA 2022 $420,680 $538,650 $651,050 $809,150
    GULFPORT-BILOXI, MS HANCOCK 2022 $420,680 $538,650 $651,050 $809,150
    GULFPORT-BILOXI, MS HARRISON 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, MS HINDS 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, MS HOLMES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HUMPHREYS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ISSAQUENA 2022 $420,680 $538,650 $651,050 $809,150
    TUPELO, MS ITAWAMBA 2022 $420,680 $538,650 $651,050 $809,150
    GULFPORT-BILOXI, MS JACKSON 2022 $420,680 $538,650 $651,050 $809,150
    LAUREL, MS JASPER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JEFFERSON DAVIS 2022 $420,680 $538,650 $651,050 $809,150
    LAUREL, MS JONES 2022 $420,680 $538,650 $651,050 $809,150
    MERIDIAN, MS KEMPER 2022 $420,680 $538,650 $651,050 $809,150
    OXFORD, MS LAFAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    HATTIESBURG, MS LAMAR 2022 $420,680 $538,650 $651,050 $809,150
    MERIDIAN, MS LAUDERDALE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LAWRENCE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LEAKE 2022 $420,680 $538,650 $651,050 $809,150
    TUPELO, MS LEE 2022 $420,680 $538,650 $651,050 $809,150
    GREENWOOD, MS LEFLORE 2022 $420,680 $538,650 $651,050 $809,150
    BROOKHAVEN, MS LINCOLN 2022 $420,680 $538,650 $651,050 $809,150
    COLUMBUS, MS LOWNDES 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, MS MADISON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MARION 2022 $420,680 $538,650 $651,050 $809,150
    MEMPHIS, TN-MS-AR MARSHALL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MONROE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NESHOBA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NEWTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NOXUBEE 2022 $420,680 $538,650 $651,050 $809,150
    STARKVILLE, MS OKTIBBEHA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PANOLA 2022 $420,680 $538,650 $651,050 $809,150
    PICAYUNE, MS PEARL RIVER 2022 $420,680 $538,650 $651,050 $809,150
    HATTIESBURG, MS PERRY 2022 $420,680 $538,650 $651,050 $809,150
    MCCOMB, MS PIKE 2022 $420,680 $538,650 $651,050 $809,150
    TUPELO, MS PONTOTOC 2022 $420,680 $538,650 $651,050 $809,150
    TUPELO, MS PRENTISS 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO QUITMAN 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, MS RANKIN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SCOTT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHARKEY 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, MS SIMPSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SMITH 2022 $420,680 $538,650 $651,050 $809,150
    GULFPORT-BILOXI, MS STONE 2022 $420,680 $538,650 $651,050 $809,150
    INDIANOLA, MS SUNFLOWER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TALLAHATCHIE 2022 $420,680 $538,650 $651,050 $809,150
    MEMPHIS, TN-MS-AR TATE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TIPPAH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TISHOMINGO 2022 $420,680 $538,650 $651,050 $809,150
    MEMPHIS, TN-MS-AR TUNICA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO UNION 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WALTHALL 2022 $420,680 $538,650 $651,050 $809,150
    VICKSBURG, MS WARREN 2022 $420,680 $538,650 $651,050 $809,150
    GREENVILLE, MS WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WAYNE 2022 $420,680 $538,650 $651,050 $809,150
    STARKVILLE, MS WEBSTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WILKINSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WINSTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO YALOBUSHA 2022 $420,680 $538,650 $651,050 $809,150
    JACKSON, MS YAZOO 2022 $420,680 $538,650 $651,050 $809,150
    NATCHEZ, MS-LA ADAMS 2023 $472,030 $604,400 $730,525 $907,900
    CORINTH, MS ALCORN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO AMITE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ATTALA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BENTON 2023 $472,030 $604,400 $730,525 $907,900
    CLEVELAND, MS BOLIVAR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CALHOUN 2023 $472,030 $604,400 $730,525 $907,900
    GREENWOOD, MS CARROLL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHICKASAW 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CHOCTAW 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CLAIBORNE 2023 $472,030 $604,400 $730,525 $907,900
    MERIDIAN, MS CLARKE 2023 $472,030 $604,400 $730,525 $907,900
    WEST POINT, MS CLAY 2023 $472,030 $604,400 $730,525 $907,900
    CLARKSDALE, MS COAHOMA 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, MS COPIAH 2023 $472,030 $604,400 $730,525 $907,900
    HATTIESBURG, MS COVINGTON 2023 $472,030 $604,400 $730,525 $907,900
    MEMPHIS, TN-MS-AR DESOTO 2023 $472,030 $604,400 $730,525 $907,900
    HATTIESBURG, MS FORREST 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GEORGE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GREENE 2023 $472,030 $604,400 $730,525 $907,900
    GRENADA, MS GRENADA 2023 $472,030 $604,400 $730,525 $907,900
    GULFPORT-BILOXI, MS HANCOCK 2023 $472,030 $604,400 $730,525 $907,900
    GULFPORT-BILOXI, MS HARRISON 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, MS HINDS 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, MS HOLMES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HUMPHREYS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ISSAQUENA 2023 $472,030 $604,400 $730,525 $907,900
    TUPELO, MS ITAWAMBA 2023 $472,030 $604,400 $730,525 $907,900
    GULFPORT-BILOXI, MS JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    LAUREL, MS JASPER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JEFFERSON DAVIS 2023 $472,030 $604,400 $730,525 $907,900
    LAUREL, MS JONES 2023 $472,030 $604,400 $730,525 $907,900
    MERIDIAN, MS KEMPER 2023 $472,030 $604,400 $730,525 $907,900
    OXFORD, MS LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    HATTIESBURG, MS LAMAR 2023 $472,030 $604,400 $730,525 $907,900
    MERIDIAN, MS LAUDERDALE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LAWRENCE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LEAKE 2023 $472,030 $604,400 $730,525 $907,900
    TUPELO, MS LEE 2023 $472,030 $604,400 $730,525 $907,900
    GREENWOOD, MS LEFLORE 2023 $472,030 $604,400 $730,525 $907,900
    BROOKHAVEN, MS LINCOLN 2023 $472,030 $604,400 $730,525 $907,900
    COLUMBUS, MS LOWNDES 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, MS MADISON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MARION 2023 $472,030 $604,400 $730,525 $907,900
    MEMPHIS, TN-MS-AR MARSHALL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MONROE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NESHOBA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NEWTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NOXUBEE 2023 $472,030 $604,400 $730,525 $907,900
    STARKVILLE, MS OKTIBBEHA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PANOLA 2023 $472,030 $604,400 $730,525 $907,900
    PICAYUNE, MS PEARL RIVER 2023 $472,030 $604,400 $730,525 $907,900
    HATTIESBURG, MS PERRY 2023 $472,030 $604,400 $730,525 $907,900
    MCCOMB, MS PIKE 2023 $472,030 $604,400 $730,525 $907,900
    TUPELO, MS PONTOTOC 2023 $472,030 $604,400 $730,525 $907,900
    TUPELO, MS PRENTISS 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO QUITMAN 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, MS RANKIN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SCOTT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHARKEY 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, MS SIMPSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SMITH 2023 $472,030 $604,400 $730,525 $907,900
    GULFPORT-BILOXI, MS STONE 2023 $472,030 $604,400 $730,525 $907,900
    INDIANOLA, MS SUNFLOWER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TALLAHATCHIE 2023 $472,030 $604,400 $730,525 $907,900
    MEMPHIS, TN-MS-AR TATE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TIPPAH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TISHOMINGO 2023 $472,030 $604,400 $730,525 $907,900
    MEMPHIS, TN-MS-AR TUNICA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO UNION 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WALTHALL 2023 $472,030 $604,400 $730,525 $907,900
    VICKSBURG, MS WARREN 2023 $472,030 $604,400 $730,525 $907,900
    GREENVILLE, MS WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WAYNE 2023 $472,030 $604,400 $730,525 $907,900
    STARKVILLE, MS WEBSTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WILKINSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WINSTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO YALOBUSHA 2023 $472,030 $604,400 $730,525 $907,900
    JACKSON, MS YAZOO 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).