The next step is hunting down the best mortgage for that Biloxi home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Biloxi lenders that will compete to provide a loan at the lowest rate, matching you with nearly 8 Biloxi mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Biloxi mortgage payment was $868 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Biloxi home.

Biloxi is a major city in Mississippi with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: First Choice Mortgage- Equity Corp, First Priority Mortgage, LLC, First Alliance Mortgage llc.Capital Trust Mortgage llc.Standard Mortgage Corporation.Central Bank For Savings.Texas Capital Bank.America's Mortgage Resource Inc.Keesler Federal Credit Union.

Biloxi Mortgage & Real Estate Market

In 2006 Biloxi housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Biloxi was $92,600. This number is big in comparison to the median home value back in 2000 of $92,600. Biloxi has a solid home ownership base with 22,115 houses and apartments and 43% of those are occupied by their owners. Despite the current market, historically Biloxi has been a city where people move, buy and stay - with 48% of homeowners currently paying off a mortgage. About 12% of the city's current homeowners are carrying a second mortgage or home equity loan.

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2531 Toulon Dr Baton Rouge, LA	Phone: 800-295-8582 Ask for: Evans Paul
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Housing	Biloxi, MS	United States
Median Home Cost	$141,200	$217,200
Homes Rented	44.48%	21.45%
Homes Owned	44.30%	64.07%
Home Appreciation	23.20%	9.80%

Location	Population	Median Family Income (2005)
Biloxi	50,644	$34,106
Clarksdale	20,645	$22,188
Clinton	23,347	$47,092
Columbus	25,944	$27,393
Greenville	41,633	$25,928
Greenwood	18,425	$21,867

Category	Value
First Mortgage Only	48%
Home Equity Loan Only	5%
Homes With No Mortgage	40%
2nd Mortgage or Home Equity	12%
Second Mortgage Only	7%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
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