Two advantages stacked
The county tax rate of around 0.75% already puts Olive Branch well under Memphis. On the edges of town, USDA eligibility can remove the down payment entirely.
A buyer inside the income limit buying at an eligible address can be in a house with nothing down and a lower monthly payment than the equivalent Shelby County purchase.
Checking eligibility properly
USDA boundaries are drawn by address. In Olive Branch that means parts of the town qualify and parts do not, sometimes across a single road.
It takes a minute to check and it is worth doing before you commit to a search area.
What it costs to own here
At roughly 0.75%, a $320,000 house in Olive Branch carries about $200 a month in property tax. The same house inside Memphis city limits would be closer to $347.
That difference goes into what you qualify for, not just what you pay.
Questions people ask
Is Olive Branch USDA eligible?
Parts of it are, particularly toward the edges. Eligibility is determined by the specific address.
How does the tax compare with Memphis?
DeSoto runs about 0.75% of value a year against roughly 1.30% inside Memphis city limits.
Can I use a VA loan in Olive Branch?
Yes, and where there is entitlement it is usually the best loan available.
This is not a commitment to lend. All loans are subject to credit approval, income and asset verification, property appraisal, and program guidelines. Rates, terms, programs and eligibility are subject to change without notice.
Get your numbers
Six questions. Jason answers personally, usually the same day.
Thanks — that is on its way to Jason. He will reach out shortly with your numbers.