Brookhaven USDA Loan Rates, Closing Costs & Stats

Brookhaven, MS

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Brookhaven's 6 lenders originated 18 USDA loans during 2023. The total origination value was $2,590,000, with an average USDA loan value of $143,889.

    Brookhaven USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Brookhaven averaged 6.42% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Brookhaven's average USDA mortgage closing costs are $4,513.

    The average rate for the prior week (2024-12-06) was 6.36% and one month ago for the week of 2024-11-08, the average rate was 6.47%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.5%.

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

    Brookhaven USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Brookhaven level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 11 6.64% $6,284
    Trustmark National Bank 3 6.25% $5,140
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $8,183
    Equity Prime Mortgage LLC 1 6.50% $6,545
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $5,226
    OPEN MORTGAGE, LLC 1 7.13% $7,997

    The top Brookhaven USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 11 USDA loans originated. Their average total fees are $6,284, which is $1,144 higher than the next largest lender, Trustmark National Bank.

    The lowest fee Brookhaven USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($6,284), .

    The lowest rate Brookhaven USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (6.64%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Brookhaven (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 $148,875 (4.9%) $203,649 (18.6%) 0.00 79
    2018-02-01 $141,175 (-2.3%) $196,045 (13.3%) 0.00 80
    2018-03-01 $139,000 (-6.9%) $190,728 (11.1%) 0.00 85
    2018-04-01 $138,200 (-13.1%) $190,134 (-4.4%) 0.00 81
    2018-05-01 $164,225 (6.0%) $215,746 (12.0%) 0.00 82
    2018-06-01 $152,000 (-0.6%) $204,793 (11.5%) 0.00 91
    2018-07-01 $143,875 (-7.2%) $195,234 (6.5%) 0.00 99
    2018-08-01 $151,250 (-4.0%) $199,236 (13.2%) 0.00 93
    2018-09-01 $148,000 (-4.5%) $203,431 (14.9%) 0.00 94
    2018-10-01 $157,000 (1.1%) $207,231 (12.3%) 0.00 97
    2018-11-01 $164,500 (6.5%) $225,159 (14.3%) 0.00 108
    2018-12-01 $169,000 (13.0%) $224,792 (10.3%) 0.00 100
    2019-01-01 $171,100 (14.9%) $232,832 (14.3%) 0.00 103
    2019-02-01 $164,750 (16.7%) $232,820 (18.8%) 0.00 110
    2019-03-01 $154,357 (11.1%) $224,678 (17.8%) 0.00 113
    2019-04-01 $149,357 (8.1%) $217,713 (14.5%) 0.00 114
    2019-05-01 $149,250 (-9.1%) $201,206 (-6.7%) 0.00 111
    2019-06-01 $146,250 (-3.8%) $202,039 (-1.3%) 0.00 112
    2019-07-01 $149,900 (4.2%) $204,840 (4.9%) 0.00 101
    2019-08-01 $151,182 (-0.1%) $192,553 (-3.4%) 0.00 102
    2019-09-01 $149,955 (1.3%) $179,287 (-11.9%) 0.00 103
    2019-10-01 $149,636 (-4.7%) $177,146 (-14.5%) 0.00 99
    2019-11-01 $165,000 (0.3%) $195,139 (-13.3%) 0.00 98
    2019-12-01 $159,475 (-5.6%) $186,473 (-17.1%) 0.00 105
    2020-01-01 $163,600 (-4.4%) $187,688 (-19.4%) 0.00 101
    2020-02-01 $165,000 (0.2%) $196,185 (-15.7%) 0.00 109
    2020-03-01 $174,750 (13.2%) $204,063 (-9.2%) 0.00 105
    2020-04-01 $175,000 (17.2%) $205,035 (-5.8%) 0.00 99
    2020-05-01 $174,990 (17.3%) $207,187 (3.0%) 0.00 92
    2020-06-01 $170,125 (16.3%) $203,208 (0.6%) 0.00 80
    2020-07-01 $171,500 (14.4%) $210,603 (2.8%) 0.00 68
    2020-08-01 $162,250 (7.3%) $199,289 (3.5%) 0.00 59
    2020-09-01 $157,125 (4.8%) $200,633 (11.9%) 0.00 58
    2020-10-01 $147,500 (-1.4%) $203,776 (15.0%) 0.00 60
    2020-11-01 $149,925 (-9.1%) $219,919 (12.7%) 0.00 59
    2020-12-01 $152,500 (-4.4%) $217,610 (16.7%) 0.00 54
    2021-01-01 $150,000 (-8.3%) $203,949 (8.7%) 0.00 48
    2021-02-01 $178,125 (8.0%) $233,176 (18.9%) 0.00 40
    2021-03-01 $164,875 (-5.7%) $209,693 (2.8%) 0.00 36
    2021-04-01 $163,750 (-6.4%) $210,937 (2.9%) 0.00 33
    2021-05-01 $158,500 (-9.4%) $204,399 (-1.4%) 0.00 32
    2021-06-01 $181,225 (6.5%) $206,361 (1.6%) 0.00 34
    2021-07-01 $169,900 (-0.9%) $203,786 (-3.2%) 0.00 41
    2021-08-01 $185,000 (14.0%) $208,507 (4.6%) 0.00 47
    2021-09-01 $185,000 (17.7%) $214,243 (6.8%) 0.00 49
    2021-10-01 $180,000 (22.0%) $207,572 (1.9%) 0.00 44
    2021-11-01 $188,750 (25.9%) $206,825 (-6.0%) 0.00 38
    2021-12-01 $188,750 (23.8%) $214,115 (-1.6%) 0.00 40
    2022-01-01 $180,000 (20.0%) $205,945 (1.0%) 0.00 39
    2022-02-01 $203,000 (14.0%) $231,733 (-0.6%) 0.00 43
    2022-03-01 $217,000 (31.6%) $244,750 (16.7%) 0.00 46
    2022-04-01 $222,000 (35.6%) $247,878 (17.5%) 0.00 44
    2022-05-01 $255,250 (61.0%) $274,660 (34.4%) 0.00 40
    2022-06-01 $246,000 (35.7%) $277,191 (34.3%) 0.00 45
    2022-07-01 $235,000 (38.3%) $260,666 (27.9%) 0.00 53
    2022-08-01 $246,175 (33.1%) $283,550 (36.0%) 0.00 50
    2022-09-01 $239,975 (29.7%) $270,298 (26.2%) 0.00 52
    2022-10-01 $239,750 (33.2%) $275,448 (32.7%) 0.00 48
    2022-11-01 $222,400 (17.8%) $264,503 (27.9%) 0.00 48
    2022-12-01 $230,000 (21.9%) $272,767 (27.4%) 0.00 51
    2023-01-01 $233,750 (29.9%) $289,159 (40.4%) 0.00 53
    2023-02-01 $250,250 (23.3%) $293,450 (26.6%) 0.00 56
    2023-03-01 $211,225 (-2.7%) $269,617 (10.2%) 0.00 57
    2023-04-01 $188,000 (-15.3%) $242,530 (-2.2%) 0.00 56
    2023-05-01 $188,625 (-26.1%) $276,804 (0.8%) 0.00 45
    2023-06-01 $196,575 (-20.1%) $279,252 (0.7%) 0.00 43
    2023-07-01 $199,000 (-15.3%) $271,736 (4.3%) 0.00 48
    2023-08-01 $196,200 (-20.3%) $272,138 (-4.0%) 0.00 41
    2023-09-01 $196,250 (-18.2%) $274,752 (1.7%) 0.00 39
    2023-10-01 $198,625 (-17.2%) $275,250 (-0.1%) 0.00 44
    2023-11-01 $199,000 (-10.5%) $293,626 (11.0%) 0.00 46
    2023-12-01 $199,000 (-13.5%) $288,923 (5.9%) 0.00 54
    2024-01-01 $194,225 (-16.9%) $266,334 (-7.9%) 0.00 50
    2024-02-01 $199,225 (-20.4%) $275,104 (-6.3%) 0.00 45
    2024-03-01 $199,000 (-5.8%) $282,761 (4.9%) 0.00 47
    2024-04-01 $197,750 (5.2%) $239,181 (-1.4%) 0.00 49
    2024-05-01 $194,975 (3.4%) $222,779 (-19.5%) 0.00 49
    2024-06-01 $199,000 (1.2%) $259,153 (-7.2%) 0.00 50
    2024-07-01 $223,050 (12.1%) $274,916 (1.2%) 0.00 53
    2024-08-01 $249,500 (27.2%) $284,259 (4.5%) 0.00 51
    2024-09-01 $238,475 (21.5%) $277,023 (0.8%) 0.00 54
    2024-10-01 $219,363 (10.4%) $267,168 (-2.9%) 0.00 60
    2024-11-01 $199,900 (0.5%) $248,498 (-15.4%) 0.00 55
    Brookhaven's median listing price for 2024-11-01 was $199,900, a difference of $900 (0.5%) versus the prior year and $-19,463 versus the prior month.

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

    Brookhaven's average listing price for 2024-11-01 was $248,498, a difference of $-45,128 (-15.4%) versus the prior year and $-18,670 versus the prior month.

    For the 2024-11-01 period, Brookhaven had 55 MLS listings, a difference of -5 listings (-8%) versus the prior month and 9 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Brookhaven (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,126 sqft
    2018-02-01 0 days 2,100 sqft
    2018-03-01 0 days 2,045 sqft
    2018-04-01 0 days 2,008 sqft
    2018-05-01 0 days 2,220 sqft
    2018-06-01 0 days 2,045 sqft
    2018-07-01 0 days 1,921 sqft
    2018-08-01 0 days 1,985 sqft
    2018-09-01 0 days 1,984 sqft
    2018-10-01 0 days 2,012 sqft
    2018-11-01 0 days 2,016 sqft
    2018-12-01 0 days 2,016 sqft
    2019-01-01 0 days 2,036 sqft
    2019-02-01 0 days 2,042 sqft
    2019-03-01 0 days 1,994 sqft
    2019-04-01 0 days 1,979 sqft
    2019-05-01 0 days 1,916 sqft
    2019-06-01 0 days 1,949 sqft
    2019-07-01 0 days 1,947 sqft
    2019-08-01 0 days 1,934 sqft
    2019-09-01 0 days 1,914 sqft
    2019-10-01 0 days 1,913 sqft
    2019-11-01 0 days 1,953 sqft
    2019-12-01 0 days 2,000 sqft
    2020-01-01 0 days 1,917 sqft
    2020-02-01 0 days 1,977 sqft
    2020-03-01 0 days 2,074 sqft
    2020-04-01 0 days 2,018 sqft
    2020-05-01 0 days 2,094 sqft
    2020-06-01 0 days 2,101 sqft
    2020-07-01 0 days 2,095 sqft
    2020-08-01 0 days 2,137 sqft
    2020-09-01 0 days 2,113 sqft
    2020-10-01 0 days 2,104 sqft
    2020-11-01 0 days 2,064 sqft
    2020-12-01 0 days 1,983 sqft
    2021-01-01 0 days 1,962 sqft
    2021-02-01 0 days 2,027 sqft
    2021-03-01 0 days 1,871 sqft
    2021-04-01 0 days 1,940 sqft
    2021-05-01 0 days 1,740 sqft
    2021-06-01 0 days 1,942 sqft
    2021-07-01 0 days 1,976 sqft
    2021-08-01 0 days 1,981 sqft
    2021-09-01 0 days 1,881 sqft
    2021-10-01 0 days 1,823 sqft
    2021-11-01 0 days 1,945 sqft
    2021-12-01 0 days 1,910 sqft
    2022-01-01 0 days 2,002 sqft
    2022-02-01 0 days 2,052 sqft
    2022-03-01 0 days 2,108 sqft
    2022-04-01 0 days 2,137 sqft
    2022-05-01 0 days 2,293 sqft
    2022-06-01 0 days 2,264 sqft
    2022-07-01 0 days 2,157 sqft
    2022-08-01 0 days 2,190 sqft
    2022-09-01 0 days 2,155 sqft
    2022-10-01 0 days 2,083 sqft
    2022-11-01 0 days 2,006 sqft
    2022-12-01 0 days 2,024 sqft
    2023-01-01 0 days 2,275 sqft
    2023-02-01 0 days 2,300 sqft
    2023-03-01 0 days 2,207 sqft
    2023-04-01 0 days 1,920 sqft
    2023-05-01 0 days 1,950 sqft
    2023-06-01 0 days 1,946 sqft
    2023-07-01 0 days 1,950 sqft
    2023-08-01 0 days 1,921 sqft
    2023-09-01 0 days 1,962 sqft
    2023-10-01 0 days 1,893 sqft
    2023-11-01 0 days 2,000 sqft
    2023-12-01 0 days 2,000 sqft
    2024-01-01 0 days 2,000 sqft
    2024-02-01 0 days 2,031 sqft
    2024-03-01 0 days 2,107 sqft
    2024-04-01 0 days 1,951 sqft
    2024-05-01 0 days 1,877 sqft
    2024-06-01 0 days 1,967 sqft
    2024-07-01 0 days 2,049 sqft
    2024-08-01 0 days 2,122 sqft
    2024-09-01 0 days 2,100 sqft
    2024-10-01 0 days 1,910 sqft
    2024-11-01 0 days 1,930 sqft
    Brookhaven's median listing age (time on market) for 2024-11-01 was 0 days.

    Brookhaven's median square footage for active listings during the 2024-11-01 period was 1,930 sqft. One year prior, the average listing was 2,000 sqft.