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%.
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 | $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 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. LouisDate | 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 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.