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).