Covington, Atoka and Munford
The three main towns in Tipton sit inside or adjacent to eligible boundaries, and so does most of the county between them.
Combined with a 0.66% effective property tax rate, the total monthly payment on a Tipton house compares well with anything inside Shelby County at the same price.
Pairing it with the Millington corridor
Tipton borders north Shelby County and NSA Mid-South. Buyers working at or around the base frequently end up choosing between a VA loan and a USDA loan.
For an eligible veteran VA almost always wins, because there is no annual fee at all. For everyone else USDA is usually the cheapest route to a house here.
What to check before you shop
Two things decide it: the address against the USDA map, and household income against the county limit.
Both take minutes and both are better established before you fall for a house.
Questions people ask
Is Covington USDA eligible?
Much of the area is. Eligibility is by address, so it gets checked against the specific property.
Can I use USDA on a second home?
No. USDA is for a primary residence only.
Is there a USDA down payment at all?
No down payment is required inside eligible areas. A 1% guarantee fee is financed into the loan.
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.