Brookhaven USDA Loan Rates, Closing Costs & Stats
Brookhaven, MS
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
0.22%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Brookhaven's average USDA mortgage closing costs are $4,513.
The average rate for the prior week (2024-11-08) was
6.67% and
one month ago for the week of 2024-10-11, the
average rate was 6.24%.
The average rate one year ago was 7.36%.
For refis of the same type during the week of 2024-11-15, the average rate
was -0.2%.
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 |
Brookhaven's median listing price comes in at 0% of the national average.
Brookhaven's average listing price for 2024-10-01 was $267,168, a difference of $-8,082 (-2.9%) versus the prior year and $-9,855 versus the prior month.
For the 2024-10-01 period, Brookhaven had 60 MLS listings, a difference of 6 listings (11%) versus the prior month and 16 listings (36%) 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 |
Brookhaven's median square footage for active listings during the 2024-10-01 period was 1,910 sqft. One year prior, the average listing was 1,893 sqft.