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 6.28% for the week of 2025-01-31, compared to the national average (all FHA variants) of 6.501% for the same period.

Oxford's average FHA mortgage closing costs are $7,054.

The average rate for the prior week (2025-01-24) was 6.58% and one month ago for the week of 2024-12-27, the average rate was 6.4%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2025-01-31, the average rate was 6.7%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Regions Bank 14 6.29% $9,759
QUICKEN LOANS, LLC 10 6.31% $13,161
Flagstar Bank, FSB 7 6.39% $12,463
Trustmark National Bank 7 7.07% $9,696
Renasant Bank 4 6.25% $10,737
BankPlus 3 6.13% $6,259
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.54% $7,653
Origin Bank 3 6.04% $10,324
BROKER SOLUTIONS, INC. 2 8.00% $15,932
PENNYMAC LOAN SERVICES, LLC 2 6.00% $9,688
AmeriHome Mortgage Company, LLC 2 6.63% $9,649
CROSSCOUNTRY MORTGAGE, LLC 2 7.50% $11,144
FREEDOM MORTGAGE CORPORATION 2 6.75% $14,851
LOANDEPOT.COM, LLC 2 5.50% $14,731
CARDINAL FINANCIAL 2 6.25% $9,592
UNITED WHOLESALE MORTGAGE, LLC 1 4.88% $10,969
AMERISAVE MORTGAGE CORPORATION 1 6.13% $10,607
Bank of England 1 6.63% $13,789
Community Bank of Mississippi 1 6.25% $8,349
FLAT BRANCH MORTGAGE, INC. 1 6.75% $10,192
Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $12,778
Nations Lending Corporation 1 6.69% $5,224
RELIANCE FIRST CAPITAL, LLC 1 6.88% $20,167
AMERICAN FINANCIAL RESOURCES, INC. 1 6.00% $15,971

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. 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
Oxford's median listing price for 2025-01-01 was $488,038, a difference of $47,833 (10.9%) versus the prior year and $-1,925 versus the prior month.

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

Oxford's average listing price for 2025-01-01 was $609,331, a difference of $16,628 (2.8%) versus the prior year and $-5,796 versus the prior month.

For the 2025-01-01 period, Oxford had 223 MLS listings, a difference of -6 listings (-3%) versus the prior month and 33 listings (17%) 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
Oxford's median listing age (time on market) for 2025-01-01 was 0 days.

Oxford's median square footage for active listings during the 2025-01-01 period was 1,919 sqft. One year prior, the average listing was 1,970 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).