| Maybe you are buying your first home in | | | | of damage. 90% of structures in the Gulf Coast |
| Mississippi, or perhaps you are relocating to | | | | area were seriously damaged or destroyed.The |
| Mississippi from another state. Either way, it is | | | | median value of a home in Mississippi is currently |
| important that you educate yourself on Mississippi | | | | $71,400. Mississippi has a high rate of |
| home loans before shopping for a home and | | | | adjustable-rate mortgages and interest-only |
| mortgage. This article explains what you will need | | | | mortgages. Trends have turned to unconventional |
| to know before buying a home in Mississippi:After | | | | loan options as housing costs in Mississippi have |
| Hurricane Katrina hit Mississippi in the summer of | | | | been rising faster than incomes. Additionally, |
| 2005, the entire state of Mississippi was made | | | | current interest rates in Mississippi are above the |
| eligible for public assistance. However, the | | | | national average.Mississippi does not have a |
| southern half of Mississippi incurred the majority | | | | mortgage tax. |