Mississippi VA Home Loan Limits

Mississippi va home loan limits

Often overlooked, Mississippi offers many great things unique to the state. Home to blues music, an unparalleled literary acumen and traditional southern comfort food, tourists generally find themselves surprised by just how desirable Mississippi can be. The Civil War Park in Vicksburg gives onlookers a window into 1860’s America, the Blues Museum in Clarksdale Mississippi is an enthusiasts dream and the Natchez Trace Parkway is incredible for those who enjoy nature, scenic landscapes and beautiful flora and fauna. The state has a major gaming industry; the gambling sector is one of the largest in the country. Massive gaming casinos can be found. Tunica is the gaming center of the south, a casino resort town; it is located in northwestern Mississippi. The only gaming markets larger than Tunica are Las Vegas and Atlantic City.

Known as the heart of the Deep South; the state is named after the Mississippi River, which flows along the western border of the state. Mississippi is made up of extensive lowlands and the Gulf Coast borders it. Major cities in the state include Jackson, Gulfport, and Hattiesburg. The state has a population of 2,967,620. Residents enjoy a cost of living ten percent below the U.S. average. The total state product in 2010 was nearly $100 billion. Occupationally, the majority of residents work in production and transportation material moving and retail. The median family income is $48,300, and the unemployment rate is equivalent to the national average.

227,000 residents are veterans. The state is home to Major military installations such as the Naval Air Station Meridian, the Gulfport Battalion Center, and Columbus Air Force Base.

For veterans using a VA-backed home loan in Mississippi, a termite inspection is required. The average home cost in the state is $126,400. Property tax exemptions are available to some veterans. Veterans who suffered a service-related disability that has resulted in a disability rating of 100 percent qualify for an exemption is the assessed value of their home is less than $7,500.


Mississippi Military Short Sale Assistance:

For homeowners in Mississippi requiring short sale assistance (even if the loan is not a VA loan), call 888-573-4496 or complete the form on the right. Short sale assistance means minimal impact on credit score, if you’re current on your loan and no impact to your security clearance. For zero cost to you, you can receive the help you need, and you’ll be able to re-use your VA benefit for the purchase of another home in the future.


VA Home Loan Information for the State of Mississippi

state seal of mississippiNOTE: The following is for information purposes only.

To find out the exact dollar amount you qualify for, call the VA Home Loan Centers Applications Support Desk at 888-573-4496 or fill out the VA Home Loan Application located here.

The loan limits below are the maximum 2017, $0 down VA loan amount set for each county, incorporated city, or municipality (as listed below). Although there is no maximum loan amount, the maximum no money down VA home loan limits are stated as follows.

  1. Adams County $424,100
  2. Alcorn County $424,100
  3. Amite County $424,100
  4. Attala County $424,100
  5. Benton County $424,100
  6. Bolivar County $424,100
  7. Calhoun County $424,100
  8. Carroll County $424,100
  9. Chickasaw County $424,100
  10. Choctaw County $424,100
  11. Claiborne County $424,100
  12. Clarke County $424,100
  13. Clay County $424,100
  14. Coahoma County $424,100
  15. Copiah County $424,100
  16. Covington County $424,100
  17. DeSoto County $424,100
  18. Forrest County $424,100
  19. Franklin County $424,100
  20. George County $424,100
  21. Greene County $424,100
  22. Grenada County $424,100
  23. Hancock County $424,100
  24. Harrison County $424,100
  25. Hinds County $424,100
  26. Holmes County $424,100
  27. Humphreys County $424,100
  28. Issaquena County $424,100
  29. Itawamba County $424,100
  30. Jackson County $424,100
  31. Jasper County $424,100
  32. Jefferson County $424,100
  33. Jefferson Davis County $424,100
  34. Jones County $424,100
  35. Kemper County $424,100
  36. Lafayette County $424,100
  37. Lamar County $424,100
  38. Lauderdale County $424,100
  39. Lawrence County $424,100
  40. Leake County $424,100
  41. Lee County $424,100
  42. Leflore County $424,100
  43. Lincoln County $424,100
  44. Lowndes County $424,100
  45. Madison County $424,100
  46. Marion County $424,100
  47. Marshall County $424,100
  48. Monroe County $424,100
  49. Montgomery County $424,100
  50. Neshoba County $424,100
  51. Newton County $424,100
  52. Noxubee County $424,100
  53. Oktibbeha County $424,100
  54. Panola County $424,100
  55. Pearl River County $424,100
  56. Perry County $424,100
  57. Pike County $424,100
  58. Pontotoc County $424,100
  59. Prentiss County $424,100
  60. Quitman County $424,100
  61. Rankin County $424,100
  62. Scott County $424,100
  63. Sharkey County $424,100
  64. Simpson County $424,100
  65. Smith County $424,100
  66. Stone County $424,100
  67. Sunflower County $424,100
  68. Tallahatchie County $424,100
  69. Tate County $424,100
  70. Tippah County $424,100
  71. Tishomingo County $424,100
  72. Tunica County $424,100
  73. Union County $424,100
  74. Walthall County $424,100
  75. Warren County $424,100
  76. Washington County $424,100
  77. Wayne County $424,100
  78. Webster County $424,100
  79. Wilkinson County $424,100
  80. Winston County $424,100
  81. Yalobusha County $424,100
  82. Yazoo County $424,100

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