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 106 lenders originated 1,547 FHA
loans during 2024. The total origination value was $330,245,000, with an average FHA loan value of
$213,474.
Gulfport FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Gulfport
averaged
-0.14%
for the week of 2025-06-20, compared to the national average (all FHA variants) of
0% for the same period.
Gulfport's average FHA mortgage closing costs are $6,904.
The average rate for the prior week (2025-06-13) was
6.74% and
one month ago for the week of 2025-05-16, the
average rate was 6.5%.
The average rate one year ago was 6.55%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.26%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
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.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
CMG MORTGAGE, INC.
|
151
|
6.52%
|
$9,114
|
KEESLER
|
137
|
5.56%
|
$7,279
|
QUICKEN LOANS, LLC
|
103
|
6.36%
|
$9,658
|
DHI MORTGAGE COMPANY, LTD.
|
96
|
5.03%
|
$7,280
|
CROSSCOUNTRY MORTGAGE, LLC
|
82
|
6.22%
|
$10,049
|
Trustmark National Bank
|
81
|
6.29%
|
$7,531
|
SWBC MORTGAGE CORPORATION
|
74
|
6.15%
|
$7,608
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
68
|
6.50%
|
$8,812
|
DSLD MORTGAGE, LLC
|
53
|
6.00%
|
$5,652
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
45
|
6.29%
|
$9,442
|
BROKER SOLUTIONS, INC.
|
40
|
6.90%
|
$9,289
|
TOWNE MORTGAGE COMPANY
|
27
|
6.44%
|
$11,286
|
DELMAR FINANCIAL COMPANY
|
26
|
6.31%
|
$8,996
|
FREEDOM MORTGAGE CORPORATION
|
25
|
6.63%
|
$10,542
|
Magnolia Bank
|
24
|
6.31%
|
$9,751
|
Regions Bank
|
24
|
6.22%
|
$9,211
|
UNITED WHOLESALE MORTGAGE, LLC
|
22
|
6.23%
|
$9,524
|
Flagstar Bank, FSB
|
21
|
6.08%
|
$6,186
|
BancorpSouth
|
19
|
6.28%
|
$7,480
|
AFFORDABLE MORTGAGE ADVISORS, LLC.
|
17
|
6.48%
|
$8,679
|
GMFS LLC
|
17
|
6.69%
|
$7,666
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
14
|
6.32%
|
$16,115
|
LOANDEPOT.COM, LLC
|
14
|
6.46%
|
$9,244
|
Hancock Whitney Bank
|
12
|
6.26%
|
$6,996
|
Renasant Bank
|
11
|
6.37%
|
$8,108
|
PLANET HOME LENDING, LLC
|
11
|
6.57%
|
$9,009
|
PENNYMAC LOAN SERVICES, LLC
|
10
|
6.01%
|
$7,826
|
STOCKTON MORTGAGE CORPORATION
|
10
|
6.09%
|
$9,785
|
FBC MORTGAGE, LLC
|
9
|
5.10%
|
$6,996
|
FIRST COLONY MORTGAGE CORPORATION
|
9
|
6.53%
|
$10,920
|
CARDINAL FINANCIAL
|
8
|
6.56%
|
$10,534
|
Equity Prime Mortgage LLC
|
7
|
6.86%
|
$9,739
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
7
|
7.02%
|
$9,525
|
Mortgage Research Center, LLC
|
7
|
6.78%
|
$5,283
|
Community Bank of Mississippi
|
6
|
6.03%
|
$7,915
|
EUSTIS AND AMERICAN MORTGAGE COMPANY
|
6
|
6.67%
|
$10,091
|
American Mortgage Bank, LLC
|
5
|
6.25%
|
$7,864
|
NEWREZ LLC
|
5
|
6.35%
|
$10,623
|
MOVEMENT MORTGAGE, LLC
|
5
|
6.45%
|
$12,541
|
The Loan Store, Inc.
|
5
|
6.38%
|
$11,279
|
LAKEVIEW LOAN SERVICING, LLC
|
5
|
6.30%
|
$9,929
|
Residential Acceptance Corporation
|
4
|
6.97%
|
$10,869
|
FIRST COMMUNITY MORTGAGE, INC.
|
4
|
6.75%
|
$6,925
|
Origin Bank
|
4
|
6.50%
|
$6,761
|
RELIANCE FIRST CAPITAL, LLC
|
3
|
6.33%
|
$9,990
|
ZILLOW HOME LOANS, LLC
|
3
|
6.58%
|
$9,503
|
MID AMERICA MORTGAGE, INC.
|
3
|
7.21%
|
$5,670
|
Princeton Mortgage Corporation
|
3
|
6.83%
|
$8,883
|
AmeriHome Mortgage Company, LLC
|
3
|
6.79%
|
$6,480
|
American Mortgage & Equity Consultants, Inc.
|
2
|
7.81%
|
$11,249
|
INTERLINC MORTGAGE SERVICES, LLC
|
2
|
7.13%
|
$7,881
|
GSF Mortgage Corporation
|
2
|
7.88%
|
$14,569
|
VILLAGE CAPITAL MORTGAGE
|
2
|
6.69%
|
$5,249
|
MORTGAGE INVESTORS GROUP, INC.
|
2
|
6.44%
|
$6,803
|
Mr. Cooper ( Nationstar Mortgage )
|
2
|
6.25%
|
$10,599
|
AMERISAVE MORTGAGE CORPORATION
|
2
|
6.69%
|
$10,873
|
CANOPY MORTGAGE, LLC
|
2
|
6.25%
|
$16,332
|
Paramount Residential Mortgage Group, Inc.
|
2
|
7.44%
|
$12,461
|
Carrington Mortgage Services, LLC
|
2
|
6.38%
|
$8,659
|
Wells Fargo Bank
|
2
|
6.13%
|
$8,062
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
2
|
6.44%
|
$10,349
|
EVERETT FINANCIAL, INC.
|
2
|
6.90%
|
$8,940
|
EMBRACE HOME LOANS, INC.
|
2
|
6.87%
|
$9,919
|
AMERICAN FINANCING CORPORATION
|
2
|
6.19%
|
$11,926
|
GUARANTEED RATE, INC.
|
2
|
6.50%
|
$8,179
|
Gulf Coast Bank and Trust Company
|
2
|
6.63%
|
$8,931
|
CHURCHILL MORTGAGE CORPORATION
|
1
|
6.63%
|
$7,798
|
Nations Lending Corporation
|
1
|
6.75%
|
$10,550
|
NBKC BANK
|
1
|
6.63%
|
$5,808
|
NEW DAY FINANCIAL, LLC
|
1
|
7.25%
|
$2,856
|
Towne Bank
|
1
|
7.63%
|
$8,391
|
OCEANSIDE MORTGAGE COMPANY
|
1
|
6.25%
|
$2,249
|
GENEVA FINANCIAL, LLC
|
1
|
6.13%
|
$12,266
|
Commerce Home Mortgage, Inc.
|
1
|
6.88%
|
$14,577
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
1
|
6.63%
|
$7,446
|
PENTAGON FEDERAL CREDIT UNION
|
1
|
5.25%
|
$17,118
|
Pinnacle Bank
|
1
|
6.63%
|
$12,429
|
Plains Commerce Bank
|
1
|
6.88%
|
$7,319
|
First Federal Bank, A FSB
|
1
|
6.13%
|
$8,696
|
PLAZA HOME MORTGAGE, INC.
|
1
|
6.50%
|
$9,495
|
PNC Bank
|
1
|
5.88%
|
$8,124
|
Century Mortgage Company DBA Century Lending Company
|
1
|
6.25%
|
$5,606
|
Tyndall Federal Credit Union
|
1
|
6.50%
|
$5,596
|
CORNERSTONE HOME LENDING, INC.
|
1
|
7.63%
|
$2,326
|
UNION HOME MORTGAGE CORP.
|
1
|
5.75%
|
$13,135
|
Cornerstone First Mortgage, Inc
|
1
|
6.00%
|
$15,078
|
AMERICAN FINANCIAL NETWORK, INC.
|
1
|
7.25%
|
$7,919
|
EMM LOANS LLC
|
1
|
6.50%
|
$12,077
|
ROYAL UNITED MORTGAGE LLC
|
1
|
6.63%
|
$11,736
|
S1L, Inc.
|
1
|
7.75%
|
$8,913
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
6.75%
|
$6,699
|
JPMorgan Chase Bank
|
1
|
6.75%
|
$12,386
|
Bank of England
|
1
|
6.50%
|
$6,119
|
Lakeview Community Capital, LLC
|
1
|
6.25%
|
$10,581
|
Home Federal Bank
|
1
|
6.50%
|
$3,762
|
LIBERTY HOME MORTGAGE CORPORATION
|
1
|
6.63%
|
$13,157
|
U.S. Bank
|
1
|
6.25%
|
$10,687
|
Assurance Financial Group, L.L.C.
|
1
|
7.25%
|
$5,751
|
Merchants & Marine Bank
|
1
|
6.75%
|
$8,433
|
Synovus Bank
|
1
|
6.25%
|
$8,313
|
T2 FINANCIAL LLC
|
1
|
7.25%
|
$10,193
|
Grand Bank for Savings, FSB
|
1
|
6.75%
|
$9,524
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
1
|
6.13%
|
$9,521
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
6.75%
|
$11,485
|
The Federal Savings Bank
|
1
|
6.63%
|
$14,640
|
M&T Bank
|
1
|
7.00%
|
$11,070
|
The top Gulfport FHA lender as defined by loan originations is CMG MORTGAGE, INC., with
151 FHA loans originated. Their average total fees are
$9,114, which is $1,835
higher than the next largest lender,
KEESLER.
The lowest fee Gulfport FHA lenders (with over 10 loans originated) are
DSLD MORTGAGE, LLC ($5,652), Flagstar Bank, FSB ($6,186), Hancock Whitney Bank ($6,996), KEESLER ($7,279) and DHI MORTGAGE COMPANY, LTD. ($7,280).
The lowest rate Gulfport FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.03%), KEESLER (5.56%), DSLD MORTGAGE, LLC (6.00%), PENNYMAC LOAN SERVICES, LLC (6.01%) and Flagstar Bank, FSB (6.08%).
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 |
FHA Loan Requirements
Borrowers must have a steady employment history or worked for the same employer for the past two years.
Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a
mortgage in your state.
Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
New FHA loans are only available for primary residence occupancy.
Borrowers must have a property appraisal from a FHA-approved appraiser.
Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance)
needs to be less than 31 percent of their gross income, typically. You may be able to get approved
with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they
believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment,
student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to
get approved with as high a percentage as 50 percent.
Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5
percent.
Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down
payment of 10 percent.
Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can
be made.
Typically borrowers must be three years out of foreclosure and have re-established good credit.
The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet
these standards and a seller will not agree to the required repairs, your only option is to pay for the required
repairs at closing (to be held in escrow until the repairs are complete).