Clarksdale USDA Loan Rates, Closing Costs & Stats

Clarksdale, 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.

    Clarksdale's 8 lenders originated 8 USDA loans during 2023. The total origination value was $920,000, with an average USDA loan value of $115,000.

    Clarksdale USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Clarksdale averaged 6.86% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Clarksdale's average USDA mortgage closing costs are $3,891.

    The average rate for the prior week (2024-04-12) was 6.52% and one month ago for the week of 2024-03-15, the average rate was 6.4%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

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

    Clarksdale 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 Clarksdale level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    BancorpSouth 1 6.88% $6,222
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $5,784
    CB&S Bank, Inc. 1 6.25% $3,636
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 6.00% $5,106
    FIRST COMMUNITY MORTGAGE, INC. 1 7.99% $4,761
    Nations Lending Corporation 1 7.75% $2,140
    Paramount Residential Mortgage Group, Inc. 1 7.13% $7,013
    Renasant Bank 1 7.00% $4,395

    The top Clarksdale USDA lender as defined by loan originations is BancorpSouth, with 1 USDA loans originated. Their average total fees are $6,222, which is $438 higher than the next largest lender, BAYSHORE MORTGAGE FUNDING, LLC.

    The lowest fee Clarksdale USDA lenders (with over 10 loans originated) are .

    The lowest rate Clarksdale USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Clarksdale (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 $94,000 (-9.2%) $145,052 (6.4%) 0.00 42
    2018-02-01 $88,000 (-9.0%) $132,839 (1.7%) 0.00 48
    2018-03-01 $80,000 (-8.0%) $128,665 (1.5%) 0.00 47
    2018-04-01 $79,500 (8.9%) $133,788 (19.2%) 0.00 42
    2018-05-01 $80,000 (9.6%) $147,589 (35.9%) 0.00 41
    2018-06-01 $99,000 (14.1%) $162,454 (32.5%) 0.00 39
    2018-07-01 $82,500 (-7.6%) $158,875 (24.6%) 0.00 41
    2018-08-01 $87,125 (2.8%) $170,653 (17.2%) 0.00 37
    2018-09-01 $112,950 (6.3%) $171,067 (5.0%) 0.00 40
    2018-10-01 $130,500 (31.8%) $178,688 (14.9%) 0.00 37
    2018-11-01 $131,000 (34.2%) $163,000 (13.3%) 0.00 35
    2018-12-01 $129,950 (31.3%) $156,988 (8.2%) 0.00 36
    2019-01-01 $140,000 (48.9%) $163,199 (12.5%) 0.00 39
    2019-02-01 $121,700 (38.3%) $150,085 (13.0%) 0.00 45
    2019-03-01 $125,807 (57.3%) $152,167 (18.3%) 0.00 46
    2019-04-01 $129,807 (63.3%) $150,122 (12.2%) 0.00 46
    2019-05-01 $99,750 (24.7%) $143,307 (-2.9%) 0.00 47
    2019-06-01 $96,000 (-3.0%) $129,427 (-20.3%) 0.00 56
    2019-07-01 $128,450 (55.7%) $151,243 (-4.8%) 0.00 45
    2019-08-01 $120,882 (38.8%) $142,768 (-16.3%) 0.00 47
    2019-09-01 $99,855 (-11.6%) $129,872 (-24.1%) 0.00 50
    2019-10-01 $84,500 (-35.3%) $121,546 (-32.0%) 0.00 50
    2019-11-01 $88,000 (-32.8%) $128,058 (-21.4%) 0.00 46
    2019-12-01 $84,875 (-34.7%) $124,352 (-20.8%) 0.00 43
    2020-01-01 $86,000 (-38.6%) $128,320 (-21.4%) 0.00 47
    2020-02-01 $88,500 (-27.3%) $134,640 (-10.3%) 0.00 40
    2020-03-01 $128,725 (2.3%) $147,146 (-3.3%) 0.00 40
    2020-04-01 $117,000 (-9.9%) $138,602 (-7.7%) 0.00 43
    2020-05-01 $78,000 (-21.8%) $131,131 (-8.5%) 0.00 42
    2020-06-01 $85,750 (-10.7%) $137,548 (6.3%) 0.00 38
    2020-07-01 $95,389 (-25.7%) $144,480 (-4.5%) 0.00 31
    2020-08-01 $89,000 (-26.4%) $146,424 (2.6%) 0.00 30
    2020-09-01 $147,500 (47.7%) $176,362 (35.8%) 0.00 32
    2020-10-01 $160,000 (89.4%) $176,582 (45.3%) 0.00 31
    2020-11-01 $125,000 (42.1%) $155,036 (21.1%) 0.00 30
    2020-12-01 $160,500 (89.1%) $165,099 (32.8%) 0.00 23
    2021-01-01 $150,000 (74.4%) $166,189 (29.5%) 0.00 21
    2021-02-01 $139,995 (58.2%) $162,700 (20.8%) 0.00 25
    2021-03-01 $127,448 (-1.0%) $160,764 (9.3%) 0.00 24
    2021-04-01 $152,225 (30.1%) $176,789 (27.6%) 0.00 21
    2021-05-01 $215,000 (175.6%) $197,983 (51.0%) 0.00 16
    2021-06-01 $202,450 (136.1%) $183,100 (33.1%) 0.00 13
    2021-07-01 $189,900 (99.1%) $169,623 (17.4%) 0.00 13
    2021-08-01 $94,950 (6.7%) $153,545 (4.9%) 0.00 15
    2021-09-01 $92,475 (-37.3%) $134,753 (-23.6%) 0.00 14
    2021-10-01 $81,500 (-49.1%) $126,072 (-28.6%) 0.00 19
    2021-11-01 $89,625 (-28.3%) $122,703 (-20.9%) 0.00 23
    2021-12-01 $75,500 (-53.0%) $110,483 (-33.1%) 0.00 20
    2022-01-01 $80,000 (-46.7%) $112,784 (-32.1%) 0.00 16
    2022-02-01 $119,250 (-14.8%) $142,083 (-12.7%) 0.00 15
    2022-03-01 $109,000 (-14.5%) $134,029 (-16.6%) 0.00 19
    2022-04-01 $94,500 (-37.9%) $127,430 (-27.9%) 0.00 17
    2022-05-01 $107,750 (-49.9%) $126,909 (-35.9%) 0.00 16
    2022-06-01 $92,750 (-54.2%) $125,746 (-31.3%) 0.00 13
    2022-07-01 $115,000 (-39.4%) $171,024 (0.8%) 0.00 19
    2022-08-01 $113,675 (19.7%) $159,473 (3.9%) 0.00 22
    2022-09-01 $105,125 (13.7%) $154,440 (14.6%) 0.00 22
    2022-10-01 $100,500 (23.3%) $153,044 (21.4%) 0.00 24
    2022-11-01 $47,000 (-47.6%) $105,113 (-14.3%) 0.00 34
    2022-12-01 $49,000 (-35.1%) $95,434 (-13.6%) 0.00 34
    2023-01-01 $54,900 (-31.4%) $97,993 (-13.1%) 0.00 37
    2023-02-01 $54,450 (-54.3%) $126,974 (-10.6%) 0.00 39
    2023-03-01 $59,875 (-45.1%) $119,629 (-10.7%) 0.00 29
    2023-04-01 $55,000 (-41.8%) $124,108 (-2.6%) 0.00 26
    2023-05-01 $148,725 (38.0%) $146,745 (15.6%) 0.00 19
    2023-06-01 $160,000 (72.5%) $158,841 (26.3%) 0.00 21
    2023-07-01 $129,900 (13.0%) $138,350 (-19.1%) 0.00 22
    2023-08-01 $86,000 (-24.4%) $140,738 (-11.8%) 0.00 21
    2023-09-01 $84,000 (-20.1%) $140,897 (-8.8%) 0.00 27
    2023-10-01 $90,113 (-10.3%) $145,545 (-4.9%) 0.00 29
    2023-11-01 $98,488 (109.6%) $146,890 (39.7%) 0.00 29
    2023-12-01 $112,500 (129.6%) $174,217 (82.6%) 0.00 29
    2024-01-01 $112,475 (104.9%) $179,991 (83.7%) 0.00 27
    2024-02-01 $92,475 (69.8%) $191,720 (51.0%) 0.00 27
    2024-03-01 $85,000 (42.0%) $590,746 (393.8%) 0.00 26
    Clarksdale's median listing price for 2024-03-01 was $85,000, a difference of $25,125 (42.0%) versus the prior year and $-7,475 versus the prior month.

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

    Clarksdale's average listing price for 2024-03-01 was $590,746, a difference of $471,117 (393.8%) versus the prior year and $399,026 versus the prior month.

    For the 2024-03-01 period, Clarksdale had 26 MLS listings, a difference of -1 listings (-4%) versus the prior month and -3 listings (-10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Clarksdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,484 sqft
    2018-02-01 0 days 2,181 sqft
    2018-03-01 0 days 2,021 sqft
    2018-04-01 0 days 1,834 sqft
    2018-05-01 0 days 1,846 sqft
    2018-06-01 0 days 2,165 sqft
    2018-07-01 0 days 2,071 sqft
    2018-08-01 0 days 2,071 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,166 sqft
    2018-11-01 0 days 2,200 sqft
    2018-12-01 0 days 2,163 sqft
    2019-01-01 0 days 2,159 sqft
    2019-02-01 0 days 2,166 sqft
    2019-03-01 0 days 2,357 sqft
    2019-04-01 0 days 2,508 sqft
    2019-05-01 0 days 2,491 sqft
    2019-06-01 0 days 2,446 sqft
    2019-07-01 0 days 2,473 sqft
    2019-08-01 0 days 2,326 sqft
    2019-09-01 0 days 2,179 sqft
    2019-10-01 0 days 2,065 sqft
    2019-11-01 0 days 2,424 sqft
    2019-12-01 0 days 2,318 sqft
    2020-01-01 0 days 2,309 sqft
    2020-02-01 0 days 2,316 sqft
    2020-03-01 0 days 2,370 sqft
    2020-04-01 0 days 2,534 sqft
    2020-05-01 0 days 2,424 sqft
    2020-06-01 0 days 2,361 sqft
    2020-07-01 0 days 2,309 sqft
    2020-08-01 0 days 2,408 sqft
    2020-09-01 0 days 2,678 sqft
    2020-10-01 0 days 2,676 sqft
    2020-11-01 0 days 2,457 sqft
    2020-12-01 0 days 2,654 sqft
    2021-01-01 0 days 2,584 sqft
    2021-02-01 0 days 2,557 sqft
    2021-03-01 0 days 2,524 sqft
    2021-04-01 0 days 2,584 sqft
    2021-05-01 0 days 2,854 sqft
    2021-06-01 0 days 2,962 sqft
    2021-07-01 0 days 2,295 sqft
    2021-08-01 0 days 1,893 sqft
    2021-09-01 0 days 1,786 sqft
    2021-10-01 0 days 1,745 sqft
    2021-11-01 0 days 1,745 sqft
    2021-12-01 0 days 1,643 sqft
    2022-01-01 0 days 1,624 sqft
    2022-02-01 0 days 1,654 sqft
    2022-03-01 0 days 1,859 sqft
    2022-04-01 0 days 1,821 sqft
    2022-05-01 0 days 1,900 sqft
    2022-06-01 0 days 1,853 sqft
    2022-07-01 0 days 2,599 sqft
    2022-08-01 0 days 1,922 sqft
    2022-09-01 0 days 1,835 sqft
    2022-10-01 0 days 1,863 sqft
    2022-11-01 0 days 1,474 sqft
    2022-12-01 0 days 1,437 sqft
    2023-01-01 0 days 1,474 sqft
    2023-02-01 0 days 1,478 sqft
    2023-03-01 0 days 1,538 sqft
    2023-04-01 0 days 1,557 sqft
    2023-05-01 0 days 1,854 sqft
    2023-06-01 0 days 2,108 sqft
    2023-07-01 0 days 2,061 sqft
    2023-08-01 0 days 1,792 sqft
    2023-09-01 0 days 1,777 sqft
    2023-10-01 0 days 1,792 sqft
    2023-11-01 0 days 1,792 sqft
    2023-12-01 0 days 1,846 sqft
    2024-01-01 0 days 1,928 sqft
    2024-02-01 0 days 1,902 sqft
    2024-03-01 0 days 1,930 sqft
    Clarksdale's median listing age (time on market) for 2024-03-01 was 0 days.

    Clarksdale's median square footage for active listings during the 2024-03-01 period was 1,930 sqft. One year prior, the average listing was 1,538 sqft.