Mortgage Rates in West Point, Mississippi — March 2026
Updated March 2026 | Based on West Point market data and regional lending conditions
West Point is a growing city in Mississippi with a population of 10,654. The current 30-year fixed mortgage rate in West Point is 6.8%, which is 0.15% above the national average. With a median home price of $127,000 and a 20% down payment of $25,400, homebuyers can expect a monthly principal and interest payment of approximately $662.
Current Mortgage Rates in West Point, MS
Below are the current average mortgage rates available in the West Point area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.8% | 6.65% | +0.15% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.05% | 6.85% | +0.2% |
West Point Housing Market Overview
The West Point housing market offers relatively affordable housing compared to many major cities. The median household income in West Point is $40,100, and the cost of living index is 73.9 (national average = 100). Based on the 28% affordability rule, the median income in West Point is sufficient to afford the median-priced home.
Monthly Payment Breakdown for West Point
Based on the median home price of $127,000 with 20% down ($25,400), here is what you can expect to pay monthly in West Point:
15-Year vs. 30-Year Mortgage in West Point
Choosing a 15-year mortgage in West Point at 6.03% instead of a 30-year at 6.8% would save you $83,700 in total interest over the life of the loan. However, your monthly payment would be $859 instead of $662 — an increase of $197 per month.
Calculate Your West Point Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in West Point
What are the current mortgage rates in West Point, MS?
As of March 2026, the average 30-year fixed mortgage rate in West Point, Mississippi is 6.8%, while the 15-year fixed rate is 6.03%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.15% above the national average of 6.65%.
How much is a monthly mortgage payment in West Point?
Based on the median home price of $127,000 with 20% down, the estimated monthly mortgage payment in West Point is $662 for principal and interest. Including property taxes of $79/month, the total monthly housing cost is approximately $741.
What income do I need to buy a home in West Point?
Using the 28% rule, you would need an annual income of approximately $31,757 to afford the median-priced home in West Point at $127,000. The median household income in West Point is $40,100. The median income is currently sufficient to meet this threshold.
Is West Point a good place to buy a home in 2026?
West Point offers a below-average cost of living with a cost of living index of 73.9 (national average = 100). The property tax rate in Mississippi is 0.75%, which is below the national average. West Point has a population of 10,654 and offers a very affordable lifestyle.
Mortgage Rates in Other Mississippi Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the West Point, Mississippi area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.