Oxford FHA Loan Rates, Closing Costs & Stats

Oxford, MS

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    • 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.

    Oxford's 33 lenders originated 90 FHA loans during 2024. The total origination value was $24,720,000, with an average FHA loan value of $274,667.

    Oxford FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Oxford averaged 6.84% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    Oxford's average FHA mortgage closing costs are $7,516.

    The average rate for the prior week (2025-05-16) was 6.77% and one month ago for the week of 2025-04-18, the average rate was 6.99%.

    The average rate one year ago was 6.87%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.71%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Oxford 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 Oxford level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    QUICKEN LOANS, LLC 10 6.61% $11,840
    Flagstar Bank, FSB 6 6.10% $12,959
    BancorpSouth 6 6.19% $8,973
    Bank of England 5 6.30% $10,705
    UNITED WHOLESALE MORTGAGE, LLC 4 6.22% $20,851
    BROKER SOLUTIONS, INC. 4 7.06% $11,554
    Regions Bank 4 6.28% $9,713
    Renasant Bank 3 6.12% $11,874
    Trustmark National Bank 3 6.33% $11,520
    MOVEMENT MORTGAGE, LLC 2 6.75% $10,829
    BankPlus 2 6.13% $7,536
    Mortgage Research Center, LLC 2 6.88% $12,130
    Carrington Mortgage Services, LLC 2 6.13% $15,239
    PENNYMAC LOAN SERVICES, LLC 2 6.56% $11,353
    FREEDOM MORTGAGE CORPORATION 2 6.50% $10,162
    GMFS LLC 2 6.75% $8,936
    UNION HOME MORTGAGE CORP. 1 6.13% $13,911
    LAKEVIEW LOAN SERVICING, LLC 1 6.50% $12,669
    American Mortgage Bank, LLC 1 7.13% $10,808
    AmeriHome Mortgage Company, LLC 1 7.13% $6,512
    CARDINAL FINANCIAL 1 5.75% $8,384
    CMG MORTGAGE, INC. 1 6.13% $12,090
    Eagle Bank and Trust Company 1 6.09% $7,302
    EVERETT FINANCIAL, INC. 1 7.00% $12,190
    Hancock Whitney Bank 1 6.63% $8,600
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.63% $11,093
    LOANDEPOT.COM, LLC 1 6.99% $7,533
    MORTGAGE FINANCIAL SERVICES, LLC 1 7.13% $13,418
    MORTGAGE INVESTORS GROUP, INC. 1 6.63% $5,092
    M&T Bank 1 6.75% $8,397
    Origin Bank 1 6.09% $6,786
    Pinnacle Bank 1 6.13% $8,973
    SWBC MORTGAGE CORPORATION 1 6.50% $3,254

    The top Oxford FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 10 FHA loans originated. Their average total fees are $11,840, which is $1,119 lower than the next largest lender, Flagstar Bank, FSB.

    The lowest fee Oxford FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($11,840), .

    The lowest rate Oxford FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.61%), .

    Oxford FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    OXFORD, MS LAFAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    OXFORD, MS LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $298,250 (7.1%) $349,534 (-2.9%) 0.00 429
    2018-02-01 $300,000 (4.9%) $352,253 (-1.3%) 0.00 439
    2018-03-01 $315,000 (6.1%) $364,963 (-0.1%) 0.00 444
    2018-04-01 $316,000 (5.4%) $365,997 (0.2%) 0.00 468
    2018-05-01 $300,000 (-4.8%) $355,333 (-7.0%) 0.00 491
    2018-06-01 $298,000 (-5.4%) $350,446 (-7.8%) 0.00 502
    2018-07-01 $286,950 (-10.1%) $344,989 (-6.9%) 0.00 512
    2018-08-01 $265,450 (-11.4%) $334,965 (-6.2%) 0.00 527
    2018-09-01 $249,000 (-20.3%) $323,656 (-9.6%) 0.00 561
    2018-10-01 $245,000 (-18.5%) $318,277 (-9.4%) 0.00 554
    2018-11-01 $245,400 (-17.9%) $315,572 (-8.4%) 0.00 531
    2018-12-01 $244,950 (-14.9%) $316,155 (-5.3%) 0.00 527
    2019-01-01 $239,950 (-19.6%) $315,441 (-9.8%) 0.00 503
    2019-02-01 $239,900 (-20.0%) $317,637 (-9.8%) 0.00 556
    2019-03-01 $246,286 (-21.8%) $322,370 (-11.7%) 0.00 578
    2019-04-01 $249,536 (-21.0%) $324,818 (-11.3%) 0.00 600
    2019-05-01 $256,975 (-14.3%) $338,031 (-4.9%) 0.00 609
    2019-06-01 $258,200 (-13.4%) $349,645 (-0.2%) 0.00 622
    2019-07-01 $267,250 (-6.9%) $361,120 (4.7%) 0.00 631
    2019-08-01 $267,791 (0.9%) $366,247 (9.3%) 0.00 592
    2019-09-01 $271,227 (8.9%) $373,845 (15.5%) 0.00 538
    2019-10-01 $274,400 (12.0%) $376,025 (18.1%) 0.00 505
    2019-11-01 $265,000 (8.0%) $373,860 (18.5%) 0.00 490
    2019-12-01 $249,450 (1.8%) $358,966 (13.5%) 0.00 441
    2020-01-01 $247,225 (3.0%) $365,152 (15.8%) 0.00 415
    2020-02-01 $249,900 (4.2%) $367,692 (15.8%) 0.00 464
    2020-03-01 $245,250 (-0.4%) $358,911 (11.3%) 0.00 478
    2020-04-01 $248,625 (-0.4%) $356,588 (9.8%) 0.00 481
    2020-05-01 $249,900 (-2.8%) $365,182 (8.0%) 0.00 490
    2020-06-01 $239,950 (-7.1%) $354,875 (1.5%) 0.00 516
    2020-07-01 $246,875 (-7.6%) $372,571 (3.2%) 0.00 503
    2020-08-01 $255,000 (-4.8%) $373,206 (1.9%) 0.00 516
    2020-09-01 $262,450 (-3.2%) $371,389 (-0.7%) 0.00 508
    2020-10-01 $265,500 (-3.2%) $390,766 (3.9%) 0.00 500
    2020-11-01 $262,725 (-0.9%) $399,431 (6.8%) 0.00 468
    2020-12-01 $254,675 (2.1%) $373,613 (4.1%) 0.00 460
    2021-01-01 $255,450 (3.3%) $372,122 (1.9%) 0.00 427
    2021-02-01 $274,475 (9.8%) $402,640 (9.5%) 0.00 391
    2021-03-01 $288,475 (17.6%) $412,117 (14.8%) 0.00 366
    2021-04-01 $337,975 (35.9%) $455,875 (27.8%) 0.00 335
    2021-05-01 $374,950 (50.0%) $507,837 (39.1%) 0.00 244
    2021-06-01 $382,000 (59.2%) $513,781 (44.8%) 0.00 245
    2021-07-01 $425,000 (72.2%) $539,541 (44.8%) 0.00 228
    2021-08-01 $402,475 (57.8%) $531,272 (42.4%) 0.00 220
    2021-09-01 $396,500 (51.1%) $540,234 (45.5%) 0.00 218
    2021-10-01 $377,000 (42.0%) $538,481 (37.8%) 0.00 193
    2021-11-01 $379,250 (44.4%) $546,097 (36.7%) 0.00 174
    2021-12-01 $386,975 (52.0%) $553,020 (48.0%) 0.00 144
    2022-01-01 $392,493 (53.7%) $549,417 (47.6%) 0.00 125
    2022-02-01 $461,200 (68.0%) $619,752 (53.9%) 0.00 94
    2022-03-01 $432,450 (49.9%) $590,362 (43.3%) 0.00 110
    2022-04-01 $487,000 (44.1%) $611,358 (34.1%) 0.00 108
    2022-05-01 $414,975 (10.7%) $560,927 (10.5%) 0.00 126
    2022-06-01 $388,875 (1.8%) $539,692 (5.0%) 0.00 150
    2022-07-01 $382,500 (-10.0%) $525,040 (-2.7%) 0.00 183
    2022-08-01 $399,958 (-0.6%) $526,897 (-0.8%) 0.00 174
    2022-09-01 $396,250 (-0.1%) $535,806 (-0.8%) 0.00 166
    2022-10-01 $425,000 (12.7%) $534,543 (-0.7%) 0.00 171
    2022-11-01 $475,000 (25.3%) $552,685 (1.2%) 0.00 159
    2022-12-01 $480,000 (24.0%) $559,310 (1.1%) 0.00 130
    2023-01-01 $462,263 (17.8%) $538,986 (-1.9%) 0.00 140
    2023-02-01 $462,000 (0.2%) $549,352 (-11.4%) 0.00 135
    2023-03-01 $438,250 (1.3%) $525,192 (-11.0%) 0.00 138
    2023-04-01 $447,000 (-8.2%) $531,929 (-13.0%) 0.00 145
    2023-05-01 $433,225 (4.4%) $540,879 (-3.6%) 0.00 138
    2023-06-01 $437,093 (12.4%) $540,875 (0.2%) 0.00 143
    2023-07-01 $445,000 (16.3%) $564,442 (7.5%) 0.00 143
    2023-08-01 $449,950 (12.5%) $559,961 (6.3%) 0.00 164
    2023-09-01 $484,000 (22.2%) $591,373 (10.4%) 0.00 175
    2023-10-01 $485,425 (14.2%) $580,305 (8.6%) 0.00 167
    2023-11-01 $493,331 (3.9%) $593,810 (7.4%) 0.00 168
    2023-12-01 $489,900 (2.1%) $606,693 (8.5%) 0.00 164
    2024-01-01 $440,205 (-4.8%) $592,703 (10.0%) 0.00 190
    2024-02-01 $452,475 (-2.1%) $602,310 (9.6%) 0.00 179
    2024-03-01 $487,250 (11.2%) $620,101 (18.1%) 0.00 167
    2024-04-01 $526,985 (17.9%) $650,568 (22.3%) 0.00 173
    2024-05-01 $510,125 (17.8%) $684,292 (26.5%) 0.00 197
    2024-06-01 $514,900 (17.8%) $683,570 (26.4%) 0.00 220
    2024-07-01 $545,900 (22.7%) $700,162 (24.1%) 0.00 246
    2024-08-01 $525,000 (16.7%) $679,187 (21.3%) 0.00 245
    2024-09-01 $487,425 (0.7%) $661,681 (11.9%) 0.00 241
    2024-10-01 $502,600 (3.5%) $673,435 (16.1%) 0.00 247
    2024-11-01 $480,000 (-2.7%) $633,170 (6.6%) 0.00 257
    2024-12-01 $489,963 (0.0%) $615,127 (1.4%) 0.00 229
    2025-01-01 $488,038 (10.9%) $609,331 (2.8%) 0.00 223
    2025-02-01 $522,250 (15.4%) $632,357 (5.0%) 0.00 228
    2025-03-01 $554,500 (13.8%) $647,659 (4.4%) 0.00 245
    2025-04-01 $535,725 (1.7%) $654,308 (0.6%) 0.00 265
    Oxford's median listing price for 2025-04-01 was $535,725, a difference of $8,740 (1.7%) versus the prior year and $-18,775 versus the prior month.

    Oxford's median listing price comes in at 0% of the national average.

    Oxford's average listing price for 2025-04-01 was $654,308, a difference of $3,740 (0.6%) versus the prior year and $6,649 versus the prior month.

    For the 2025-04-01 period, Oxford had 265 MLS listings, a difference of 20 listings (8%) versus the prior month and 92 listings (53%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,899 sqft
    2018-02-01 0 days 1,991 sqft
    2018-03-01 0 days 2,052 sqft
    2018-04-01 0 days 2,046 sqft
    2018-05-01 0 days 2,050 sqft
    2018-06-01 0 days 1,996 sqft
    2018-07-01 0 days 1,994 sqft
    2018-08-01 0 days 1,915 sqft
    2018-09-01 0 days 1,850 sqft
    2018-10-01 0 days 1,841 sqft
    2018-11-01 0 days 1,816 sqft
    2018-12-01 0 days 1,808 sqft
    2019-01-01 0 days 1,796 sqft
    2019-02-01 0 days 1,796 sqft
    2019-03-01 0 days 1,818 sqft
    2019-04-01 0 days 1,832 sqft
    2019-05-01 0 days 1,846 sqft
    2019-06-01 0 days 1,857 sqft
    2019-07-01 0 days 1,862 sqft
    2019-08-01 0 days 1,864 sqft
    2019-09-01 0 days 1,864 sqft
    2019-10-01 0 days 1,866 sqft
    2019-11-01 0 days 1,864 sqft
    2019-12-01 0 days 1,833 sqft
    2020-01-01 0 days 1,842 sqft
    2020-02-01 0 days 1,823 sqft
    2020-03-01 0 days 1,807 sqft
    2020-04-01 0 days 1,817 sqft
    2020-05-01 0 days 1,807 sqft
    2020-06-01 0 days 1,773 sqft
    2020-07-01 0 days 1,800 sqft
    2020-08-01 0 days 1,849 sqft
    2020-09-01 0 days 1,860 sqft
    2020-10-01 0 days 1,858 sqft
    2020-11-01 0 days 1,839 sqft
    2020-12-01 0 days 1,820 sqft
    2021-01-01 0 days 1,859 sqft
    2021-02-01 0 days 1,862 sqft
    2021-03-01 0 days 1,866 sqft
    2021-04-01 0 days 2,022 sqft
    2021-05-01 0 days 2,089 sqft
    2021-06-01 0 days 2,110 sqft
    2021-07-01 0 days 2,195 sqft
    2021-08-01 0 days 2,148 sqft
    2021-09-01 0 days 2,057 sqft
    2021-10-01 0 days 2,049 sqft
    2021-11-01 0 days 2,041 sqft
    2021-12-01 0 days 2,037 sqft
    2022-01-01 0 days 2,009 sqft
    2022-02-01 0 days 2,104 sqft
    2022-03-01 0 days 2,049 sqft
    2022-04-01 0 days 2,260 sqft
    2022-05-01 0 days 2,086 sqft
    2022-06-01 0 days 2,046 sqft
    2022-07-01 0 days 2,009 sqft
    2022-08-01 0 days 2,025 sqft
    2022-09-01 0 days 2,062 sqft
    2022-10-01 0 days 2,054 sqft
    2022-11-01 0 days 2,193 sqft
    2022-12-01 0 days 2,284 sqft
    2023-01-01 0 days 2,094 sqft
    2023-02-01 0 days 2,004 sqft
    2023-03-01 0 days 1,905 sqft
    2023-04-01 0 days 1,925 sqft
    2023-05-01 0 days 1,942 sqft
    2023-06-01 0 days 2,100 sqft
    2023-07-01 0 days 2,100 sqft
    2023-08-01 0 days 2,115 sqft
    2023-09-01 0 days 2,176 sqft
    2023-10-01 0 days 2,155 sqft
    2023-11-01 0 days 2,179 sqft
    2023-12-01 0 days 2,125 sqft
    2024-01-01 0 days 1,970 sqft
    2024-02-01 0 days 1,975 sqft
    2024-03-01 0 days 2,048 sqft
    2024-04-01 0 days 2,135 sqft
    2024-05-01 0 days 2,155 sqft
    2024-06-01 0 days 2,067 sqft
    2024-07-01 0 days 2,200 sqft
    2024-08-01 0 days 2,204 sqft
    2024-09-01 0 days 2,130 sqft
    2024-10-01 0 days 2,099 sqft
    2024-11-01 0 days 1,953 sqft
    2024-12-01 0 days 1,914 sqft
    2025-01-01 0 days 1,919 sqft
    2025-02-01 0 days 1,973 sqft
    2025-03-01 0 days 1,995 sqft
    2025-04-01 0 days 1,970 sqft
    Oxford's median listing age (time on market) for 2025-04-01 was 0 days.

    Oxford's median square footage for active listings during the 2025-04-01 period was 1,970 sqft. One year prior, the average listing was 2,135 sqft.

    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).