Mississippi Mortgage Rates (2026)

Current average mortgage rates, median home prices, and top lenders in Mississippi. Rates apply to primary residence purchases with good credit (740+).

30yr Fixed

7.12%

Avg APR

15yr Fixed

6.52%

Avg APR

Median Price

$185,000

Median home

Monthly P&I

$987

30yr at 80% LTV

Top Mortgage Lenders in Mississippi

Rocket Mortgage

Online convenience

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30yr Fixed

15yr Fixed

6.4%

Min Down

Chase

Existing customers

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30yr Fixed

6.9%

15yr Fixed

6.3%

Min Down

Wells Fargo

Branch access

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30yr Fixed

7.1%

15yr Fixed

6.5%

Min Down

Bank of America

Preferred Rewards

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30yr Fixed

15yr Fixed

6.4%

Min Down

loanDepot

Low down payment

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30yr Fixed

6.9%

15yr Fixed

6.3%

Min Down

First-Time Buyer Programs in Mississippi

✓MHC Smart6 Program
✓MHC Mortgage Revenue Bond
✓HUD-approved counseling programs

Mortgage Requirements in Mississippi

•Min 620 credit score for MHC programs
•Income limits apply
•DTI under 45%

Mississippi Housing Market Facts

Mississippi has the lowest median home price in the US.

Jackson metro offers extremely affordable entry-level housing.

USDA rural development loans available statewide.

Compare Mortgage Rates in Other States

Alabama7.05%Alaska7.12%Arizona7.02%Arkansas7.08%California6.95%Colorado7%Connecticut6.98%Delaware7%Florida7.05%Georgia7.03%Hawaii6.88%Idaho7%

View all 50 states →