Perry County, Mississippi
Mortgage Rate Alerts
Never Miss A Refinance
Opportunity
Always on mortgage monitoring without hurting your credit.
Instant email and text alerts.
A Better Mortgage In 3 Easy Steps
Sign up
Provide some basic info, no SSN required
Start getting alerts
For refinance via email and texts
Apply and close
The new loan and start saving money
1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Perry Real Estate Market Update
The real estate market in Perry County, Mississippi, has seen a stable trend with the median listing home price at $178,000 as of October 2024. This price reflects a steady market without significant year-over-year changes, and the median listing price per square foot is $131. The market offers a range of properties, from affordable homes to more expensive listings, catering to diverse buyer needs.
Perry County includes several cities, with Richton being one of the notable ones, where the median listing home price is approximately $171,500. Beaumont is another city in the county, known for its affordability with a median listing home price of $50,000. Brooklyn stands out as the most expensive city in the county, with a median listing home price of $308,800. These cities offer a mix of residential options and community amenities.
Living in Perry County provides a predominantly rural lifestyle, with a blend of agricultural and suburban characteristics. The county's economy is supported by industries such as agriculture and forestry, which are significant due to the rural landscape. People may be drawn to Perry County for its quieter, more spacious living environment, away from the hustle of urban areas, making it an attractive option for those seeking a rural or semi-rural lifestyle.
2025 Mortgage Loan Limits:
Perry County, Mississippi
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Perry County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
Never Miss A Refinance Opportunity
Always on mortgage monitoring. Instant email and text alerts.
