MS mortgage rates

Covington County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Covington County, Mississippi. Use the verified baseline numbers below to calculate your refinance payment, evaluate your home equity, and monitor when rate alerts make refinancing advantageous.

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2026 limits

2026 Mortgage Loan Limits

Covington County

Conforming Loan Limits

Per property
1 unit$832,750
2 units$1,066,250
3 units$1,288,800
4 units$1,601,750

FHA Loan Limits

Per property
1 unit$541,287
2 units$693,050
3 units$837,700
4 units$1,041,125

Source: Official Federal Housing Finance Agency (FHFA) and HUD loan limit schedules. Conforming data represents conventional maximums. Last synchronized: 2026 update cycle.

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Refinance Payment Estimate

Estimate Your Refinance in Covington County

Use your current mortgage details to estimate a new refinance payment and potential monthly savings.

Estimated New Monthly Payment$2,528Principal & interest only
Home value − mortgage balance
Mortgage balance ÷ home value
Added to the proposed new loan
Proposed New Loan Amount$400,000
Estimated New Payment$2,528
Estimated Monthly SavingsAdd current rate

Estimates include principal and interest only. Taxes, insurance, closing costs, and mortgage insurance are not included.

About Covington

A local view of the market.

Covington County, Mississippi, has a dynamic real estate market with a median listing home price of $261,800 as of October 2024. This represents a decrease of 10.1% from the previous year, indicating a potential opportunity for buyers looking for more affordable options in the area. The county is home to several notable cities, with Collins being one of the largest. Collins has a median listing home price of $269,500, while Seminary, another prominent city, has a slightly higher median price of $275,000. Mount Olive is known for being more affordable, with a median listing price of $159,900. Living in Covington County offers a mix of rural and suburban experiences. The area is characterized by its agricultural roots, with farming and related industries playing a significant role in the local economy. The county attracts individuals seeking a quieter, more rural lifestyle, as well as those interested in the agricultural and forestry sectors. Migration patterns suggest that people are moving to Covington County for its affordable housing and the appeal of a rural lifestyle with access to suburban amenities.

County snapshot

Market context.

MS

Public location data associated with this county record. Optional fields are shown only when present in the source.

Market areaHattiesburgMapped market area
Area code25620CBSA / MSA reference
Data year2026Aligned with this limit record
Questions & Answers

Refinancing in Covington County

Common questions about 2026 loan limits and refinancing opportunities in Mississippi.

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