Gulfport FHA Loan Rates, Closing Costs & Stats
GULFPORT-BILOXI, MS
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Gulfport's 100 lenders originated 1,418 FHA loans during 2023. The total origination value was $288,210,000, with an average FHA loan value of $203,251.
Gulfport FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Gulfport
averaged
6.33%
for the week of 2025-01-17, compared to the national average (all FHA variants) of
6.603% for the same period.
Gulfport's average FHA mortgage closing costs are $6,608.
The average rate for the prior week (2025-01-10) was
6.61% and
one month ago for the week of 2024-12-13, the
average rate was 5.92%.
The average rate one year ago was 6.28%.
For refis of the same type during the week of 2025-01-17, the average rate
was 6.93%.
Gulfport FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Gulfport level.
The top Gulfport FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
131 FHA loans originated. Their average total fees are
$8,953, which is $759
lower than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Gulfport FHA lenders (with over 10 loans originated) are
Mortgage Research Center, LLC ($5,696), DSLD MORTGAGE, LLC ($5,812), SWBC MORTGAGE CORPORATION ($6,590), GMFS LLC ($6,855) and DHI MORTGAGE COMPANY, LTD. ($7,123).
The lowest rate Gulfport FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.21%), KEESLER (5.66%), Regions Bank (6.15%), Mr. Cooper ( Nationstar Mortgage ) (6.20%) and Hancock Whitney Bank (6.32%).
Gulfport FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
GULFPORT-BILOXI, MS | HANCOCK | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GULFPORT-BILOXI, MS | HARRISON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GULFPORT-BILOXI, MS | JACKSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GULFPORT-BILOXI, MS | STONE | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GULFPORT-BILOXI, MS | HANCOCK | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
GULFPORT-BILOXI, MS | HARRISON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
GULFPORT-BILOXI, MS | JACKSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
GULFPORT-BILOXI, MS | STONE | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Gulfport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $179,000 (4.8%) | $245,444 (5.0%) | 0.66 | 2,027 |
2018-02-01 | $179,850 (4.1%) | $242,122 (4.0%) | 0.65 | 2,044 |
2018-03-01 | $186,900 (6.1%) | $251,435 (6.6%) | 0.66 | 2,087 |
2018-04-01 | $189,950 (5.9%) | $256,140 (6.2%) | 0.64 | 2,152 |
2018-05-01 | $195,475 (8.6%) | $259,286 (7.2%) | 0.65 | 2,145 |
2018-06-01 | $195,000 (5.5%) | $262,835 (8.7%) | 0.65 | 2,143 |
2018-07-01 | $194,950 (5.4%) | $263,098 (8.0%) | 0.65 | 2,109 |
2018-08-01 | $195,450 (7.2%) | $260,073 (7.1%) | 0.65 | 2,119 |
2018-09-01 | $197,500 (9.8%) | $261,028 (7.4%) | 0.66 | 2,130 |
2018-10-01 | $197,725 (10.5%) | $258,922 (7.0%) | 0.67 | 2,092 |
2018-11-01 | $190,813 (6.8%) | $255,346 (5.7%) | 0.65 | 2,107 |
2018-12-01 | $189,900 (6.4%) | $250,887 (3.2%) | 0.66 | 2,027 |
2019-01-01 | $189,950 (6.1%) | $248,294 (1.2%) | 0.66 | 1,999 |
2019-02-01 | $194,950 (8.4%) | $252,469 (4.3%) | 0.66 | 1,992 |
2019-03-01 | $195,450 (4.6%) | $254,997 (1.4%) | 0.64 | 1,996 |
2019-04-01 | $196,775 (3.6%) | $257,035 (0.4%) | 0.62 | 2,038 |
2019-05-01 | $204,375 (4.6%) | $259,884 (0.2%) | 0.64 | 2,061 |
2019-06-01 | $201,750 (3.5%) | $258,712 (-1.6%) | 0.63 | 2,169 |
2019-07-01 | $204,070 (4.7%) | $261,336 (-0.7%) | 0.64 | 2,203 |
2019-08-01 | $203,722 (4.2%) | $263,158 (1.2%) | 0.65 | 2,160 |
2019-09-01 | $201,806 (2.2%) | $263,320 (0.9%) | 0.65 | 2,098 |
2019-10-01 | $200,494 (1.4%) | $263,428 (1.7%) | 0.65 | 2,041 |
2019-11-01 | $199,900 (4.8%) | $263,922 (3.4%) | 0.66 | 2,009 |
2019-12-01 | $198,950 (4.8%) | $260,169 (3.7%) | 0.66 | 2,010 |
2020-01-01 | $198,450 (4.5%) | $259,555 (4.5%) | 0.66 | 1,858 |
2020-02-01 | $199,900 (2.5%) | $259,363 (2.7%) | 0.65 | 1,892 |
2020-03-01 | $208,950 (6.9%) | $265,934 (4.3%) | 0.66 | 1,888 |
2020-04-01 | $209,950 (6.7%) | $265,607 (3.3%) | 0.66 | 1,862 |
2020-05-01 | $215,000 (5.2%) | $269,827 (3.8%) | 0.65 | 1,685 |
2020-06-01 | $225,000 (11.5%) | $279,844 (8.2%) | 0.66 | 1,450 |
2020-07-01 | $233,505 (14.4%) | $286,870 (9.8%) | 0.68 | 1,344 |
2020-08-01 | $243,100 (19.3%) | $294,779 (12.0%) | 0.70 | 1,216 |
2020-09-01 | $246,770 (22.3%) | $300,032 (13.9%) | 0.71 | 1,158 |
2020-10-01 | $247,738 (23.6%) | $296,993 (12.7%) | 0.71 | 1,114 |
2020-11-01 | $238,900 (19.5%) | $286,521 (8.6%) | 0.70 | 1,098 |
2020-12-01 | $238,819 (20.0%) | $286,023 (9.9%) | 0.71 | 1,026 |
2021-01-01 | $239,000 (20.4%) | $286,648 (10.4%) | 0.71 | 924 |
2021-02-01 | $240,900 (20.5%) | $297,496 (14.7%) | 0.70 | 779 |
2021-03-01 | $233,950 (12.0%) | $300,336 (12.9%) | 0.66 | 750 |
2021-04-01 | $232,000 (10.5%) | $315,325 (18.7%) | 0.63 | 682 |
2021-05-01 | $234,900 (9.3%) | $319,055 (18.2%) | 0.62 | 684 |
2021-06-01 | $231,125 (2.7%) | $327,543 (17.0%) | 0.61 | 740 |
2021-07-01 | $239,000 (2.4%) | $331,803 (15.7%) | 0.63 | 837 |
2021-08-01 | $236,385 (-2.8%) | $325,073 (10.3%) | 0.63 | 890 |
2021-09-01 | $235,000 (-4.8%) | $320,465 (6.8%) | 0.63 | 912 |
2021-10-01 | $245,000 (-1.1%) | $330,478 (11.3%) | 0.65 | 869 |
2021-11-01 | $254,375 (6.5%) | $341,770 (19.3%) | 0.68 | 765 |
2021-12-01 | $256,213 (7.3%) | $339,575 (18.7%) | 0.69 | 728 |
2022-01-01 | $255,000 (6.7%) | $350,187 (22.2%) | 0.69 | 648 |
2022-02-01 | $269,475 (11.9%) | $363,837 (22.3%) | 0.70 | 619 |
2022-03-01 | $277,450 (18.6%) | $358,218 (19.3%) | 0.69 | 647 |
2022-04-01 | $294,450 (26.9%) | $371,220 (17.7%) | 0.70 | 699 |
2022-05-01 | $295,825 (25.9%) | $375,393 (17.7%) | 0.68 | 789 |
2022-06-01 | $297,000 (28.5%) | $375,443 (14.6%) | 0.66 | 913 |
2022-07-01 | $295,900 (23.8%) | $368,732 (11.1%) | 0.67 | 1,022 |
2022-08-01 | $289,950 (22.7%) | $362,329 (11.5%) | 0.67 | 1,107 |
2022-09-01 | $295,340 (25.7%) | $360,217 (12.4%) | 0.69 | 1,108 |
2022-10-01 | $297,500 (21.4%) | $358,566 (8.5%) | 0.70 | 1,142 |
2022-11-01 | $288,400 (13.4%) | $354,748 (3.8%) | 0.69 | 1,175 |
2022-12-01 | $279,950 (9.3%) | $357,634 (5.3%) | 0.69 | 1,106 |
2023-01-01 | $293,053 (14.9%) | $364,710 (4.2%) | 0.73 | 1,011 |
2023-02-01 | $299,178 (11.0%) | $381,491 (4.9%) | 0.72 | 983 |
2023-03-01 | $304,500 (9.8%) | $391,521 (9.3%) | 0.72 | 973 |
2023-04-01 | $315,900 (7.3%) | $398,589 (7.4%) | 0.73 | 943 |
2023-05-01 | $300,900 (1.7%) | $392,960 (4.7%) | 0.68 | 1,033 |
2023-06-01 | $297,738 (0.3%) | $384,093 (2.3%) | 0.67 | 1,103 |
2023-07-01 | $305,000 (3.1%) | $385,261 (4.5%) | 0.69 | 1,181 |
2023-08-01 | $304,963 (5.2%) | $378,845 (4.6%) | 0.70 | 1,222 |
2023-09-01 | $299,900 (1.5%) | $371,743 (3.2%) | 0.70 | 1,281 |
2023-10-01 | $289,475 (-2.7%) | $360,891 (0.7%) | 0.68 | 1,388 |
2023-11-01 | $295,000 (2.3%) | $364,905 (2.9%) | 0.70 | 1,501 |
2023-12-01 | $294,950 (5.4%) | $362,061 (1.2%) | 0.72 | 1,501 |
2024-01-01 | $289,000 (-1.4%) | $360,381 (-1.2%) | 0.71 | 1,484 |
2024-02-01 | $287,495 (-3.9%) | $361,020 (-5.4%) | 0.69 | 1,506 |
2024-03-01 | $289,000 (-5.1%) | $365,795 (-6.6%) | 0.68 | 1,581 |
2024-04-01 | $289,963 (-8.2%) | $367,227 (-7.9%) | 0.67 | 1,660 |
2024-05-01 | $294,975 (-2.0%) | $370,608 (-5.7%) | 0.67 | 1,782 |
2024-06-01 | $298,700 (0.3%) | $375,940 (-2.1%) | 0.67 | 1,830 |
2024-07-01 | $293,000 (-3.9%) | $367,915 (-4.5%) | 0.67 | 1,867 |
2024-08-01 | $298,900 (-2.0%) | $368,642 (-2.7%) | 0.70 | 1,836 |
2024-09-01 | $299,000 (-0.3%) | $372,122 (0.1%) | 0.70 | 1,892 |
2024-10-01 | $299,000 (3.3%) | $376,793 (4.4%) | 0.70 | 1,890 |
2024-11-01 | $296,000 (0.3%) | $373,845 (2.5%) | 0.71 | 1,896 |
2024-12-01 | $296,000 (0.4%) | $375,496 (3.7%) | 0.74 | 1,787 |
Gulfport's median listing price comes in at 74% of the national average.
Gulfport's average listing price for 2024-12-01 was $375,496, a difference of $13,435 (3.7%) versus the prior year and $1,651 versus the prior month.
For the 2024-12-01 period, Gulfport had 1,787 MLS listings, a difference of -109 listings (-6%) versus the prior month and 286 listings (19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Gulfport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 93 days | 1,843 sqft |
2018-02-01 | 91 days | 1,835 sqft |
2018-03-01 | 73 days | 1,854 sqft |
2018-04-01 | 70 days | 1,875 sqft |
2018-05-01 | 67 days | 1,902 sqft |
2018-06-01 | 71 days | 1,900 sqft |
2018-07-01 | 76 days | 1,908 sqft |
2018-08-01 | 78 days | 1,912 sqft |
2018-09-01 | 82 days | 1,900 sqft |
2018-10-01 | 84 days | 1,900 sqft |
2018-11-01 | 86 days | 1,880 sqft |
2018-12-01 | 91 days | 1,861 sqft |
2019-01-01 | 95 days | 1,854 sqft |
2019-02-01 | 88 days | 1,857 sqft |
2019-03-01 | 78 days | 1,874 sqft |
2019-04-01 | 71 days | 1,895 sqft |
2019-05-01 | 68 days | 1,921 sqft |
2019-06-01 | 67 days | 1,900 sqft |
2019-07-01 | 68 days | 1,907 sqft |
2019-08-01 | 73 days | 1,913 sqft |
2019-09-01 | 76 days | 1,923 sqft |
2019-10-01 | 78 days | 1,928 sqft |
2019-11-01 | 79 days | 1,920 sqft |
2019-12-01 | 82 days | 1,894 sqft |
2020-01-01 | 89 days | 1,879 sqft |
2020-02-01 | 87 days | 1,900 sqft |
2020-03-01 | 67 days | 1,916 sqft |
2020-04-01 | 72 days | 1,907 sqft |
2020-05-01 | 78 days | 1,914 sqft |
2020-06-01 | 82 days | 1,930 sqft |
2020-07-01 | 66 days | 2,016 sqft |
2020-08-01 | 60 days | 2,009 sqft |
2020-09-01 | 58 days | 2,001 sqft |
2020-10-01 | 58 days | 1,981 sqft |
2020-11-01 | 59 days | 1,949 sqft |
2020-12-01 | 65 days | 1,921 sqft |
2021-01-01 | 73 days | 1,886 sqft |
2021-02-01 | 63 days | 1,876 sqft |
2021-03-01 | 46 days | 1,843 sqft |
2021-04-01 | 44 days | 1,808 sqft |
2021-05-01 | 31 days | 1,748 sqft |
2021-06-01 | 36 days | 1,800 sqft |
2021-07-01 | 38 days | 1,820 sqft |
2021-08-01 | 39 days | 1,848 sqft |
2021-09-01 | 47 days | 1,852 sqft |
2021-10-01 | 24 days | 1,900 sqft |
2021-11-01 | 42 days | 1,914 sqft |
2021-12-01 | 54 days | 1,919 sqft |
2022-01-01 | 59 days | 1,900 sqft |
2022-02-01 | 53 days | 1,924 sqft |
2022-03-01 | 35 days | 1,874 sqft |
2022-04-01 | 32 days | 1,887 sqft |
2022-05-01 | 35 days | 1,897 sqft |
2022-06-01 | 37 days | 1,896 sqft |
2022-07-01 | 43 days | 1,880 sqft |
2022-08-01 | 48 days | 1,899 sqft |
2022-09-01 | 56 days | 1,898 sqft |
2022-10-01 | 60 days | 1,892 sqft |
2022-11-01 | 65 days | 1,895 sqft |
2022-12-01 | 74 days | 1,872 sqft |
2023-01-01 | 84 days | 1,861 sqft |
2023-02-01 | 86 days | 1,913 sqft |
2023-03-01 | 63 days | 1,942 sqft |
2023-04-01 | 58 days | 1,933 sqft |
2023-05-01 | 52 days | 1,905 sqft |
2023-06-01 | 48 days | 1,858 sqft |
2023-07-01 | 52 days | 1,824 sqft |
2023-08-01 | 55 days | 1,807 sqft |
2023-09-01 | 58 days | 1,773 sqft |
2023-10-01 | 56 days | 1,747 sqft |
2023-11-01 | 58 days | 1,725 sqft |
2023-12-01 | 67 days | 1,700 sqft |
2024-01-01 | 76 days | 1,702 sqft |
2024-02-01 | 75 days | 1,692 sqft |
2024-03-01 | 59 days | 1,724 sqft |
2024-04-01 | 57 days | 1,747 sqft |
2024-05-01 | 55 days | 1,751 sqft |
2024-06-01 | 58 days | 1,750 sqft |
2024-07-01 | 67 days | 1,747 sqft |
2024-08-01 | 68 days | 1,755 sqft |
2024-09-01 | 70 days | 1,768 sqft |
2024-10-01 | 73 days | 1,764 sqft |
2024-11-01 | 77 days | 1,758 sqft |
2024-12-01 | 82 days | 1,757 sqft |
Gulfport's median square footage for active listings during the 2024-12-01 period was 1,757 sqft. One year prior, the average listing was 1,700 sqft.