Oxford FHA Loan Rates, Closing Costs & Stats
Oxford, 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.
Oxford's 24 lenders originated 82 FHA loans during 2023. The total origination value was $21,110,000, with an average FHA loan value of $257,439.
Oxford FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Oxford
averaged
5.88%
for the week of 2024-10-11, compared to the national average (all FHA variants) of
6.1% for the same period.
Oxford's average FHA mortgage closing costs are $7,054.
The average rate for the prior week (2024-10-04) was
6.1% and
one month ago for the week of 2024-09-06, the
average rate was 5.93%.
The average rate one year ago was 7.06%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6%.
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.
The top Oxford FHA lender as defined by loan originations is Regions Bank, with
14 FHA loans originated. Their average total fees are
$9,759, which is $3,402
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Oxford FHA lenders (with over 10 loans originated) are
Regions Bank ($9,759), QUICKEN LOANS, LLC ($13,161), .
The lowest rate Oxford FHA lenders (with over 10 loans originated) are
Regions Bank (6.29%), QUICKEN LOANS, LLC (6.31%), .
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $316,975 (-6.4%) | $369,775 (-7.0%) | 0.00 | 392 |
2018-02-01 | $319,950 (-4.4%) | $369,615 (-4.7%) | 0.00 | 403 |
2018-03-01 | $329,000 (-3.0%) | $378,142 (-4.8%) | 0.00 | 410 |
2018-04-01 | $334,975 (-1.5%) | $379,275 (-5.0%) | 0.00 | 431 |
2018-05-01 | $325,000 (-6.3%) | $369,038 (-10.2%) | 0.00 | 455 |
2018-06-01 | $309,000 (-11.2%) | $364,238 (-10.9%) | 0.00 | 467 |
2018-07-01 | $299,450 (-14.4%) | $360,140 (-9.9%) | 0.00 | 470 |
2018-08-01 | $284,900 (-12.0%) | $348,320 (-8.9%) | 0.00 | 484 |
2018-09-01 | $264,900 (-19.7%) | $337,816 (-12.5%) | 0.00 | 515 |
2018-10-01 | $258,225 (-21.5%) | $330,002 (-11.7%) | 0.00 | 513 |
2018-11-01 | $258,500 (-19.2%) | $329,952 (-9.7%) | 0.00 | 488 |
2018-12-01 | $259,900 (-17.5%) | $334,184 (-6.0%) | 0.00 | 480 |
2019-01-01 | $256,150 (-19.2%) | $335,332 (-9.3%) | 0.00 | 457 |
2019-02-01 | $250,425 (-21.7%) | $335,931 (-9.1%) | 0.00 | 503 |
2019-03-01 | $255,629 (-22.3%) | $338,460 (-10.5%) | 0.00 | 526 |
2019-04-01 | $259,500 (-22.5%) | $340,054 (-10.3%) | 0.00 | 550 |
2019-05-01 | $269,250 (-17.2%) | $352,690 (-4.4%) | 0.00 | 564 |
2019-06-01 | $274,900 (-11.0%) | $363,766 (-0.1%) | 0.00 | 577 |
2019-07-01 | $274,950 (-8.2%) | $370,656 (2.9%) | 0.00 | 594 |
2019-08-01 | $275,964 (-3.1%) | $374,948 (7.6%) | 0.00 | 556 |
2019-09-01 | $278,234 (5.0%) | $380,188 (12.5%) | 0.00 | 508 |
2019-10-01 | $281,225 (8.9%) | $381,238 (15.5%) | 0.00 | 475 |
2019-11-01 | $279,000 (7.9%) | $381,946 (15.8%) | 0.00 | 457 |
2019-12-01 | $269,200 (3.6%) | $372,178 (11.4%) | 0.00 | 406 |
2020-01-01 | $264,500 (3.3%) | $381,579 (13.8%) | 0.00 | 381 |
2020-02-01 | $258,925 (3.4%) | $379,676 (13.0%) | 0.00 | 432 |
2020-03-01 | $258,900 (1.3%) | $370,327 (9.4%) | 0.00 | 445 |
2020-04-01 | $262,450 (1.1%) | $367,273 (8.0%) | 0.00 | 447 |
2020-05-01 | $263,500 (-2.1%) | $373,447 (5.9%) | 0.00 | 458 |
2020-06-01 | $242,463 (-11.8%) | $360,737 (-0.8%) | 0.00 | 486 |
2020-07-01 | $254,400 (-7.5%) | $379,316 (2.3%) | 0.00 | 476 |
2020-08-01 | $265,500 (-3.8%) | $382,222 (1.9%) | 0.00 | 486 |
2020-09-01 | $267,125 (-4.0%) | $378,960 (-0.3%) | 0.00 | 479 |
2020-10-01 | $268,750 (-4.4%) | $395,904 (3.9%) | 0.00 | 476 |
2020-11-01 | $265,375 (-4.9%) | $404,873 (6.0%) | 0.00 | 447 |
2020-12-01 | $262,025 (-2.7%) | $381,851 (2.6%) | 0.00 | 433 |
2021-01-01 | $264,100 (-0.2%) | $378,450 (-0.8%) | 0.00 | 407 |
2021-02-01 | $291,625 (12.6%) | $411,358 (8.3%) | 0.00 | 375 |
2021-03-01 | $297,450 (14.9%) | $419,406 (13.3%) | 0.00 | 355 |
2021-04-01 | $348,500 (32.8%) | $466,469 (27.0%) | 0.00 | 323 |
2021-05-01 | $379,500 (44.0%) | $518,291 (38.8%) | 0.00 | 235 |
2021-06-01 | $396,725 (63.6%) | $524,392 (45.4%) | 0.00 | 235 |
2021-07-01 | $429,950 (69.0%) | $551,982 (45.5%) | 0.00 | 219 |
2021-08-01 | $414,380 (56.1%) | $539,610 (41.2%) | 0.00 | 208 |
2021-09-01 | $399,925 (49.7%) | $547,104 (44.4%) | 0.00 | 205 |
2021-10-01 | $389,000 (44.7%) | $544,865 (37.6%) | 0.00 | 180 |
2021-11-01 | $389,000 (46.6%) | $557,778 (37.8%) | 0.00 | 164 |
2021-12-01 | $424,278 (61.9%) | $574,797 (50.5%) | 0.00 | 133 |
2022-01-01 | $449,900 (70.4%) | $593,571 (56.8%) | 0.00 | 109 |
2022-02-01 | $490,575 (68.2%) | $669,470 (62.8%) | 0.00 | 82 |
2022-03-01 | $483,725 (62.6%) | $610,323 (45.5%) | 0.00 | 97 |
2022-04-01 | $497,450 (42.7%) | $623,832 (33.7%) | 0.00 | 98 |
2022-05-01 | $432,425 (14.0%) | $576,006 (11.1%) | 0.00 | 115 |
2022-06-01 | $397,000 (0.1%) | $545,827 (4.1%) | 0.00 | 139 |
2022-07-01 | $399,000 (-7.2%) | $539,371 (-2.3%) | 0.00 | 168 |
2022-08-01 | $439,725 (6.1%) | $551,716 (2.2%) | 0.00 | 161 |
2022-09-01 | $422,500 (5.6%) | $562,573 (2.8%) | 0.00 | 153 |
2022-10-01 | $449,000 (15.4%) | $561,446 (3.0%) | 0.00 | 159 |
2022-11-01 | $493,725 (26.9%) | $578,114 (3.7%) | 0.00 | 148 |
2022-12-01 | $495,000 (16.7%) | $584,111 (1.6%) | 0.00 | 120 |
2023-01-01 | $475,000 (5.6%) | $553,417 (-6.8%) | 0.00 | 133 |
2023-02-01 | $486,125 (-0.9%) | $569,469 (-14.9%) | 0.00 | 126 |
2023-03-01 | $449,000 (-7.2%) | $540,054 (-11.5%) | 0.00 | 129 |
2023-04-01 | $449,900 (-9.6%) | $548,848 (-12.0%) | 0.00 | 136 |
2023-05-01 | $447,500 (3.5%) | $565,588 (-1.8%) | 0.00 | 129 |
2023-06-01 | $445,000 (12.1%) | $562,492 (3.1%) | 0.00 | 132 |
2023-07-01 | $450,000 (12.8%) | $599,966 (11.2%) | 0.00 | 130 |
2023-08-01 | $479,450 (9.0%) | $599,112 (8.6%) | 0.00 | 144 |
2023-09-01 | $495,500 (17.3%) | $613,450 (9.0%) | 0.00 | 162 |
2023-10-01 | $497,250 (10.8%) | $614,164 (9.4%) | 0.00 | 152 |
2023-11-01 | $504,675 (2.2%) | $635,938 (10.0%) | 0.00 | 151 |
2023-12-01 | $532,985 (7.7%) | $665,772 (14.0%) | 0.00 | 141 |
2024-01-01 | $489,925 (3.1%) | $637,369 (15.2%) | 0.00 | 167 |
2024-02-01 | $492,000 (1.2%) | $645,040 (13.3%) | 0.00 | 158 |
2024-03-01 | $539,900 (20.2%) | $669,556 (24.0%) | 0.00 | 142 |
2024-04-01 | $594,750 (32.2%) | $717,565 (30.7%) | 0.00 | 149 |
2024-05-01 | $554,500 (23.9%) | $759,745 (34.3%) | 0.00 | 169 |
2024-06-01 | $565,000 (27.0%) | $740,995 (31.7%) | 0.00 | 192 |
2024-07-01 | $582,500 (29.4%) | $760,574 (26.8%) | 0.00 | 214 |
2024-08-01 | $559,500 (16.7%) | $736,884 (23.0%) | 0.00 | 213 |
2024-09-01 | $548,500 (10.7%) | $721,928 (17.7%) | 0.00 | 210 |
Oxford's median listing price comes in at 0% of the national average.
Oxford's average listing price for 2024-09-01 was $721,928, a difference of $108,478 (17.7%) versus the prior year and $-14,956 versus the prior month.
For the 2024-09-01 period, Oxford had 210 MLS listings, a difference of -3 listings (-1%) versus the prior month and 48 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,930 sqft |
2018-02-01 | 0 days | 2,049 sqft |
2018-03-01 | 0 days | 2,070 sqft |
2018-04-01 | 0 days | 2,081 sqft |
2018-05-01 | 0 days | 2,075 sqft |
2018-06-01 | 0 days | 2,066 sqft |
2018-07-01 | 0 days | 2,039 sqft |
2018-08-01 | 0 days | 1,956 sqft |
2018-09-01 | 0 days | 1,875 sqft |
2018-10-01 | 0 days | 1,846 sqft |
2018-11-01 | 0 days | 1,834 sqft |
2018-12-01 | 0 days | 1,829 sqft |
2019-01-01 | 0 days | 1,802 sqft |
2019-02-01 | 0 days | 1,804 sqft |
2019-03-01 | 0 days | 1,826 sqft |
2019-04-01 | 0 days | 1,837 sqft |
2019-05-01 | 0 days | 1,847 sqft |
2019-06-01 | 0 days | 1,859 sqft |
2019-07-01 | 0 days | 1,860 sqft |
2019-08-01 | 0 days | 1,862 sqft |
2019-09-01 | 0 days | 1,862 sqft |
2019-10-01 | 0 days | 1,863 sqft |
2019-11-01 | 0 days | 1,862 sqft |
2019-12-01 | 0 days | 1,839 sqft |
2020-01-01 | 0 days | 1,852 sqft |
2020-02-01 | 0 days | 1,838 sqft |
2020-03-01 | 0 days | 1,807 sqft |
2020-04-01 | 0 days | 1,807 sqft |
2020-05-01 | 0 days | 1,800 sqft |
2020-06-01 | 0 days | 1,760 sqft |
2020-07-01 | 0 days | 1,800 sqft |
2020-08-01 | 0 days | 1,849 sqft |
2020-09-01 | 0 days | 1,859 sqft |
2020-10-01 | 0 days | 1,855 sqft |
2020-11-01 | 0 days | 1,834 sqft |
2020-12-01 | 0 days | 1,820 sqft |
2021-01-01 | 0 days | 1,860 sqft |
2021-02-01 | 0 days | 1,864 sqft |
2021-03-01 | 0 days | 1,868 sqft |
2021-04-01 | 0 days | 2,033 sqft |
2021-05-01 | 0 days | 2,102 sqft |
2021-06-01 | 0 days | 2,120 sqft |
2021-07-01 | 0 days | 2,248 sqft |
2021-08-01 | 0 days | 2,183 sqft |
2021-09-01 | 0 days | 2,056 sqft |
2021-10-01 | 0 days | 2,052 sqft |
2021-11-01 | 0 days | 2,051 sqft |
2021-12-01 | 0 days | 2,048 sqft |
2022-01-01 | 0 days | 2,039 sqft |
2022-02-01 | 0 days | 2,162 sqft |
2022-03-01 | 0 days | 2,067 sqft |
2022-04-01 | 0 days | 2,377 sqft |
2022-05-01 | 0 days | 2,108 sqft |
2022-06-01 | 0 days | 2,033 sqft |
2022-07-01 | 0 days | 2,000 sqft |
2022-08-01 | 0 days | 2,033 sqft |
2022-09-01 | 0 days | 2,065 sqft |
2022-10-01 | 0 days | 2,070 sqft |
2022-11-01 | 0 days | 2,287 sqft |
2022-12-01 | 0 days | 2,350 sqft |
2023-01-01 | 0 days | 2,143 sqft |
2023-02-01 | 0 days | 2,088 sqft |
2023-03-01 | 0 days | 1,911 sqft |
2023-04-01 | 0 days | 1,996 sqft |
2023-05-01 | 0 days | 1,933 sqft |
2023-06-01 | 0 days | 2,081 sqft |
2023-07-01 | 0 days | 2,100 sqft |
2023-08-01 | 0 days | 2,122 sqft |
2023-09-01 | 0 days | 2,142 sqft |
2023-10-01 | 0 days | 2,144 sqft |
2023-11-01 | 0 days | 2,195 sqft |
2023-12-01 | 0 days | 2,188 sqft |
2024-01-01 | 0 days | 2,019 sqft |
2024-02-01 | 0 days | 1,992 sqft |
2024-03-01 | 0 days | 2,054 sqft |
2024-04-01 | 0 days | 2,210 sqft |
2024-05-01 | 0 days | 2,229 sqft |
2024-06-01 | 0 days | 2,199 sqft |
2024-07-01 | 0 days | 2,248 sqft |
2024-08-01 | 0 days | 2,239 sqft |
2024-09-01 | 0 days | 2,179 sqft |
Oxford's median square footage for active listings during the 2024-09-01 period was 2,179 sqft. One year prior, the average listing was 2,142 sqft.