Corinth USDA Loan Rates, Closing Costs & Stats

Corinth, 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.

    Corinth's 16 lenders originated 32 USDA loans during 2023. The total origination value was $4,480,000, with an average USDA loan value of $140,000.

    Corinth USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Corinth averaged 7.03% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Corinth's average USDA mortgage closing costs are $4,463.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.36%.

    The average rate one year ago was 6.2%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Corinth 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 Corinth level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GMFS LLC 5 7.10% $4,181
    Trustmark National Bank 4 6.31% $4,804
    CB&S Bank, Inc. 4 6.81% $5,487
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.88% $4,577
    Bank of England 2 6.50% $7,786
    Regions Bank 2 6.94% $5,935
    STOCKTON MORTGAGE CORPORATION 2 6.50% $6,059
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $7,731
    Magnolia Bank 1 7.13% $5,647
    MORTGAGE INVESTORS GROUP, INC. 1 6.75% $2,725
    MOVEMENT MORTGAGE, LLC 1 7.25% $6,647
    The First National Bank of Middle Tennessee 1 6.13% $4,748
    Simmons Bank 1 6.25% $5,611
    BROKER SOLUTIONS, INC. 1 6.25% $5,928
    Equity Prime Mortgage LLC 1 6.75% $8,264
    FIRST COMMUNITY MORTGAGE, INC. 1 7.13% $7,625

    The top Corinth USDA lender as defined by loan originations is GMFS LLC, with 5 USDA loans originated. Their average total fees are $4,181, which is $623 lower than the next largest lender, Trustmark National Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Corinth (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 $157,800 (1.9%) $197,135 (6.8%) 0.00 100
    2018-02-01 $150,000 (-0.3%) $192,725 (8.4%) 0.00 102
    2018-03-01 $149,000 (-1.5%) $183,820 (3.0%) 0.00 116
    2018-04-01 $158,000 (5.4%) $192,618 (12.4%) 0.00 112
    2018-05-01 $158,500 (5.7%) $189,886 (10.6%) 0.00 112
    2018-06-01 $149,000 (-1.5%) $176,350 (-2.4%) 0.00 106
    2018-07-01 $149,450 (-0.4%) $178,819 (0.7%) 0.00 103
    2018-08-01 $149,700 (-6.0%) $175,628 (-4.0%) 0.00 104
    2018-09-01 $154,000 (-6.8%) $175,945 (-11.1%) 0.00 112
    2018-10-01 $169,000 (2.5%) $185,902 (-5.1%) 0.00 97
    2018-11-01 $170,600 (3.4%) $190,244 (-2.8%) 0.00 88
    2018-12-01 $162,500 (1.6%) $184,656 (-6.7%) 0.00 81
    2019-01-01 $149,700 (-5.1%) $174,328 (-11.6%) 0.00 76
    2019-02-01 $151,200 (0.8%) $173,463 (-10.0%) 0.00 78
    2019-03-01 $169,746 (13.9%) $184,369 (0.3%) 0.00 81
    2019-04-01 $178,021 (12.7%) $190,126 (-1.3%) 0.00 76
    2019-05-01 $179,475 (13.2%) $198,548 (4.6%) 0.00 86
    2019-06-01 $169,950 (14.1%) $185,081 (5.0%) 0.00 105
    2019-07-01 $173,500 (16.1%) $190,438 (6.5%) 0.00 107
    2019-08-01 $175,700 (17.4%) $193,743 (10.3%) 0.00 105
    2019-09-01 $180,875 (17.5%) $200,612 (14.0%) 0.00 99
    2019-10-01 $184,325 (9.1%) $205,191 (10.4%) 0.00 95
    2019-11-01 $179,900 (5.5%) $202,908 (6.7%) 0.00 89
    2019-12-01 $154,925 (-4.7%) $191,216 (3.6%) 0.00 89
    2020-01-01 $155,950 (4.2%) $191,660 (9.9%) 0.00 86
    2020-02-01 $166,450 (10.1%) $201,121 (15.9%) 0.00 86
    2020-03-01 $186,725 (10.0%) $202,940 (10.1%) 0.00 89
    2020-04-01 $196,000 (10.1%) $211,922 (11.5%) 0.00 85
    2020-05-01 $198,000 (10.3%) $210,491 (6.0%) 0.00 88
    2020-06-01 $192,000 (13.0%) $201,373 (8.8%) 0.00 76
    2020-07-01 $192,000 (10.7%) $203,057 (6.6%) 0.00 69
    2020-08-01 $195,000 (11.0%) $220,940 (14.0%) 0.00 58
    2020-09-01 $192,250 (6.3%) $223,180 (11.3%) 0.00 58
    2020-10-01 $199,900 (8.5%) $232,872 (13.5%) 0.00 50
    2020-11-01 $195,000 (8.4%) $230,633 (13.7%) 0.00 50
    2020-12-01 $210,250 (35.7%) $235,483 (23.2%) 0.00 45
    2021-01-01 $214,000 (37.2%) $234,653 (22.4%) 0.00 42
    2021-02-01 $183,250 (10.1%) $222,030 (10.4%) 0.00 34
    2021-03-01 $180,125 (-3.5%) $233,527 (15.1%) 0.00 32
    2021-04-01 $196,950 (0.5%) $249,268 (17.6%) 0.00 28
    2021-05-01 $199,900 (1.0%) $244,324 (16.1%) 0.00 34
    2021-06-01 $210,000 (9.4%) $235,650 (17.0%) 0.00 33
    2021-07-01 $259,000 (34.9%) $246,706 (21.5%) 0.00 25
    2021-08-01 $241,750 (24.0%) $241,261 (9.2%) 0.00 45
    2021-09-01 $158,100 (-17.8%) $225,399 (1.0%) 0.00 52
    2021-10-01 $150,000 (-25.0%) $230,150 (-1.2%) 0.00 50
    2021-11-01 $223,700 (14.7%) $252,077 (9.3%) 0.00 49
    2021-12-01 $214,925 (2.2%) $239,739 (1.8%) 0.00 45
    2022-01-01 $214,400 (0.2%) $245,018 (4.4%) 0.00 45
    2022-02-01 $210,450 (14.8%) $250,438 (12.8%) 0.00 36
    2022-03-01 $149,900 (-16.8%) $200,397 (-14.2%) 0.00 34
    2022-04-01 $149,900 (-23.9%) $208,133 (-16.5%) 0.00 35
    2022-05-01 $139,450 (-30.2%) $186,557 (-23.6%) 0.00 32
    2022-06-01 $163,725 (-22.0%) $225,854 (-4.2%) 0.00 29
    2022-07-01 $175,000 (-32.4%) $243,715 (-1.2%) 0.00 31
    2022-08-01 $202,250 (-16.3%) $269,706 (11.8%) 0.00 34
    2022-09-01 $191,750 (21.3%) $252,777 (12.2%) 0.00 42
    2022-10-01 $189,900 (26.6%) $237,496 (3.2%) 0.00 53
    2022-11-01 $189,450 (-15.3%) $228,566 (-9.3%) 0.00 57
    2022-12-01 $189,450 (-11.9%) $226,720 (-5.4%) 0.00 54
    2023-01-01 $190,950 (-10.9%) $227,556 (-7.1%) 0.00 45
    2023-02-01 $177,475 (-15.7%) $218,164 (-12.9%) 0.00 45
    2023-03-01 $178,675 (19.2%) $224,021 (11.8%) 0.00 42
    2023-04-01 $169,500 (13.1%) $214,427 (3.0%) 0.00 36
    2023-05-01 $183,250 (31.4%) $262,851 (40.9%) 0.00 38
    2023-06-01 $186,975 (14.2%) $255,382 (13.1%) 0.00 46
    2023-07-01 $199,000 (13.7%) $252,935 (3.8%) 0.00 49
    2023-08-01 $216,425 (7.0%) $239,581 (-11.2%) 0.00 59
    2023-09-01 $219,950 (14.7%) $241,823 (-4.3%) 0.00 62
    2023-10-01 $243,675 (28.3%) $265,382 (11.7%) 0.00 65
    2023-11-01 $233,675 (23.3%) $253,671 (11.0%) 0.00 64
    2023-12-01 $227,450 (20.1%) $249,228 (9.9%) 0.00 60
    2024-01-01 $246,225 (29.0%) $256,279 (12.6%) 0.00 51
    2024-02-01 $232,450 (31.0%) $256,358 (17.5%) 0.00 54
    2024-03-01 $245,000 (37.1%) $278,985 (24.5%) 0.00 54
    Corinth's median listing price for 2024-03-01 was $245,000, a difference of $66,325 (37.1%) versus the prior year and $12,550 versus the prior month.

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

    Corinth's average listing price for 2024-03-01 was $278,985, a difference of $54,964 (24.5%) versus the prior year and $22,627 versus the prior month.

    For the 2024-03-01 period, Corinth had 54 MLS listings, a difference of 0 listings (0%) versus the prior month and 12 listings (29%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Corinth (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,238 sqft
    2018-02-01 0 days 2,155 sqft
    2018-03-01 0 days 2,057 sqft
    2018-04-01 0 days 2,067 sqft
    2018-05-01 0 days 1,905 sqft
    2018-06-01 0 days 1,858 sqft
    2018-07-01 0 days 1,854 sqft
    2018-08-01 0 days 1,899 sqft
    2018-09-01 0 days 2,007 sqft
    2018-10-01 0 days 2,045 sqft
    2018-11-01 0 days 2,027 sqft
    2018-12-01 0 days 2,004 sqft
    2019-01-01 0 days 2,092 sqft
    2019-02-01 0 days 2,043 sqft
    2019-03-01 0 days 2,094 sqft
    2019-04-01 0 days 2,193 sqft
    2019-05-01 0 days 2,287 sqft
    2019-06-01 0 days 2,200 sqft
    2019-07-01 0 days 2,288 sqft
    2019-08-01 0 days 2,302 sqft
    2019-09-01 0 days 2,336 sqft
    2019-10-01 0 days 2,358 sqft
    2019-11-01 0 days 2,321 sqft
    2019-12-01 0 days 2,207 sqft
    2020-01-01 0 days 2,083 sqft
    2020-02-01 0 days 2,233 sqft
    2020-03-01 0 days 2,301 sqft
    2020-04-01 0 days 2,378 sqft
    2020-05-01 0 days 2,316 sqft
    2020-06-01 0 days 2,291 sqft
    2020-07-01 0 days 2,320 sqft
    2020-08-01 0 days 2,363 sqft
    2020-09-01 0 days 2,301 sqft
    2020-10-01 0 days 2,481 sqft
    2020-11-01 0 days 2,309 sqft
    2020-12-01 0 days 2,327 sqft
    2021-01-01 0 days 2,387 sqft
    2021-02-01 0 days 1,936 sqft
    2021-03-01 0 days 2,127 sqft
    2021-04-01 0 days 2,352 sqft
    2021-05-01 0 days 2,245 sqft
    2021-06-01 0 days 2,221 sqft
    2021-07-01 0 days 2,198 sqft
    2021-08-01 0 days 2,159 sqft
    2021-09-01 0 days 1,816 sqft
    2021-10-01 0 days 2,020 sqft
    2021-11-01 0 days 2,146 sqft
    2021-12-01 0 days 2,134 sqft
    2022-01-01 0 days 2,184 sqft
    2022-02-01 0 days 2,099 sqft
    2022-03-01 0 days 1,728 sqft
    2022-04-01 0 days 1,759 sqft
    2022-05-01 0 days 1,688 sqft
    2022-06-01 0 days 1,665 sqft
    2022-07-01 0 days 1,759 sqft
    2022-08-01 0 days 2,105 sqft
    2022-09-01 0 days 2,088 sqft
    2022-10-01 0 days 2,000 sqft
    2022-11-01 0 days 1,949 sqft
    2022-12-01 0 days 1,874 sqft
    2023-01-01 0 days 1,862 sqft
    2023-02-01 0 days 1,769 sqft
    2023-03-01 0 days 1,858 sqft
    2023-04-01 0 days 1,758 sqft
    2023-05-01 0 days 1,877 sqft
    2023-06-01 0 days 1,899 sqft
    2023-07-01 0 days 1,821 sqft
    2023-08-01 0 days 1,896 sqft
    2023-09-01 0 days 1,899 sqft
    2023-10-01 0 days 2,107 sqft
    2023-11-01 0 days 2,039 sqft
    2023-12-01 0 days 2,013 sqft
    2024-01-01 0 days 1,983 sqft
    2024-02-01 0 days 1,928 sqft
    2024-03-01 0 days 1,948 sqft
    Corinth's median listing age (time on market) for 2024-03-01 was 0 days.

    Corinth's median square footage for active listings during the 2024-03-01 period was 1,948 sqft. One year prior, the average listing was 1,858 sqft.