Greenwood USDA Loan Rates, Closing Costs & Stats

Greenwood, 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.

    Greenwood's 9 lenders originated 15 USDA loans during 2023. The total origination value was $1,875,000, with an average USDA loan value of $125,000.

    Greenwood USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Greenwood averaged 6.19% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Greenwood's average USDA mortgage closing costs are $4,352.

    The average rate for the prior week (2024-12-06) was 6.12% and one month ago for the week of 2024-11-08, the average rate was 6.54%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    Greenwood 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 Greenwood level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MICHIGAN MUTUAL, INC. 4 6.69% $5,213
    GMFS LLC 3 6.66% $2,759
    CB&S Bank, Inc. 1 5.75% $3,979
    COMMUNITY MORTGAGE CORPORATION 1 6.88% $7,402
    Magnolia Bank 1 7.13% $5,712
    Regions Bank 1 6.25% $6,837
    BancorpSouth 1 5.88% $7,957
    UNION HOME MORTGAGE CORP. 1 5.88% $2,292
    BankPlus 1 6.69% $3,842

    The top Greenwood USDA lender as defined by loan originations is MICHIGAN MUTUAL, INC., with 4 USDA loans originated. Their average total fees are $5,213, which is $2,454 higher than the next largest lender, GMFS LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Greenwood (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 $104,775 (-2.4%) $159,245 (1.4%) 0.00 127
    2018-02-01 $99,750 (-0.2%) $154,067 (3.9%) 0.00 130
    2018-03-01 $99,500 (-0.4%) $157,693 (7.6%) 0.00 133
    2018-04-01 $104,775 (3.7%) $153,737 (0.3%) 0.00 142
    2018-05-01 $112,000 (11.7%) $151,979 (-2.1%) 0.00 142
    2018-06-01 $120,350 (25.2%) $153,254 (2.2%) 0.00 138
    2018-07-01 $116,500 (20.7%) $149,317 (-4.2%) 0.00 141
    2018-08-01 $114,000 (17.5%) $149,159 (-4.5%) 0.00 150
    2018-09-01 $116,000 (22.1%) $151,771 (-3.4%) 0.00 142
    2018-10-01 $119,495 (17.3%) $140,079 (-13.9%) 0.00 139
    2018-11-01 $119,248 (10.9%) $137,800 (-12.8%) 0.00 137
    2018-12-01 $119,000 (19.0%) $138,020 (-11.6%) 0.00 118
    2019-01-01 $120,423 (14.9%) $139,916 (-12.1%) 0.00 116
    2019-02-01 $118,998 (19.3%) $151,940 (-1.4%) 0.00 109
    2019-03-01 $117,593 (18.2%) $160,458 (1.8%) 0.00 114
    2019-04-01 $111,375 (6.3%) $161,139 (4.8%) 0.00 119
    2019-05-01 $119,000 (6.3%) $172,203 (13.3%) 0.00 127
    2019-06-01 $114,900 (-4.5%) $154,347 (0.7%) 0.00 139
    2019-07-01 $117,750 (1.1%) $155,600 (4.2%) 0.00 131
    2019-08-01 $118,273 (3.8%) $162,008 (8.6%) 0.00 129
    2019-09-01 $127,682 (10.1%) $171,557 (13.0%) 0.00 127
    2019-10-01 $135,000 (13.0%) $178,975 (27.8%) 0.00 125
    2019-11-01 $135,000 (13.2%) $196,418 (42.5%) 0.00 131
    2019-12-01 $132,750 (11.6%) $195,478 (41.6%) 0.00 132
    2020-01-01 $136,000 (12.9%) $203,711 (45.6%) 0.00 124
    2020-02-01 $139,950 (17.6%) $212,950 (40.2%) 0.00 131
    2020-03-01 $133,500 (13.5%) $208,700 (30.1%) 0.00 126
    2020-04-01 $131,250 (17.9%) $210,154 (30.4%) 0.00 124
    2020-05-01 $129,500 (8.8%) $164,129 (-4.7%) 0.00 120
    2020-06-01 $129,375 (12.6%) $167,344 (8.4%) 0.00 113
    2020-07-01 $140,000 (18.9%) $175,047 (12.5%) 0.00 105
    2020-08-01 $145,000 (22.6%) $186,406 (15.1%) 0.00 98
    2020-09-01 $148,000 (15.9%) $196,538 (14.6%) 0.00 91
    2020-10-01 $147,450 (9.2%) $207,831 (16.1%) 0.00 78
    2020-11-01 $165,250 (22.4%) $224,340 (14.2%) 0.00 70
    2020-12-01 $161,750 (21.9%) $224,040 (14.6%) 0.00 64
    2021-01-01 $142,500 (4.8%) $223,418 (9.7%) 0.00 63
    2021-02-01 $143,750 (2.7%) $234,337 (10.0%) 0.00 66
    2021-03-01 $142,375 (6.7%) $222,140 (6.4%) 0.00 68
    2021-04-01 $146,250 (11.4%) $233,685 (11.2%) 0.00 61
    2021-05-01 $126,000 (-2.7%) $236,108 (43.9%) 0.00 47
    2021-06-01 $135,000 (4.4%) $213,158 (27.4%) 0.00 39
    2021-07-01 $135,000 (-3.6%) $199,995 (14.3%) 0.00 41
    2021-08-01 $122,750 (-15.3%) $203,170 (9.0%) 0.00 41
    2021-09-01 $110,750 (-25.2%) $166,436 (-15.3%) 0.00 46
    2021-10-01 $112,750 (-23.5%) $155,685 (-25.1%) 0.00 51
    2021-11-01 $100,000 (-39.5%) $138,137 (-38.4%) 0.00 48
    2021-12-01 $107,000 (-33.9%) $136,776 (-39.0%) 0.00 45
    2022-01-01 $107,000 (-24.9%) $152,754 (-31.6%) 0.00 39
    2022-02-01 $118,000 (-17.9%) $164,622 (-29.8%) 0.00 41
    2022-03-01 $119,000 (-16.4%) $173,196 (-22.0%) 0.00 41
    2022-04-01 $125,000 (-14.5%) $169,587 (-27.4%) 0.00 43
    2022-05-01 $110,625 (-12.2%) $152,478 (-35.4%) 0.00 44
    2022-06-01 $112,500 (-16.7%) $154,390 (-27.6%) 0.00 40
    2022-07-01 $117,000 (-13.3%) $155,882 (-22.1%) 0.00 42
    2022-08-01 $115,000 (-6.3%) $144,113 (-29.1%) 0.00 42
    2022-09-01 $116,750 (5.4%) $140,750 (-15.4%) 0.00 38
    2022-10-01 $117,250 (4.0%) $156,983 (0.8%) 0.00 43
    2022-11-01 $138,375 (38.4%) $179,965 (30.3%) 0.00 57
    2022-12-01 $139,500 (30.4%) $196,783 (43.9%) 0.00 58
    2023-01-01 $143,750 (34.4%) $188,710 (23.5%) 0.00 63
    2023-02-01 $155,000 (31.4%) $180,699 (9.8%) 0.00 61
    2023-03-01 $170,250 (43.1%) $184,107 (6.3%) 0.00 68
    2023-04-01 $165,500 (32.4%) $178,656 (5.4%) 0.00 70
    2023-05-01 $165,000 (49.2%) $174,972 (14.8%) 0.00 70
    2023-06-01 $152,950 (36.0%) $171,855 (11.3%) 0.00 64
    2023-07-01 $155,900 (33.3%) $178,367 (14.4%) 0.00 60
    2023-08-01 $152,250 (32.4%) $180,632 (25.3%) 0.00 56
    2023-09-01 $149,500 (28.1%) $175,816 (24.9%) 0.00 62
    2023-10-01 $150,750 (28.6%) $182,621 (16.3%) 0.00 64
    2023-11-01 $153,000 (10.6%) $186,082 (3.4%) 0.00 64
    2023-12-01 $159,000 (14.0%) $186,838 (-5.1%) 0.00 61
    2024-01-01 $149,775 (4.2%) $179,777 (-4.7%) 0.00 59
    2024-02-01 $143,500 (-7.4%) $176,041 (-2.6%) 0.00 57
    2024-03-01 $152,450 (-10.5%) $193,740 (5.2%) 0.00 58
    2024-04-01 $157,000 (-5.1%) $201,400 (12.7%) 0.00 59
    2024-05-01 $160,500 (-2.7%) $197,064 (12.6%) 0.00 63
    2024-06-01 $184,000 (20.3%) $205,819 (19.8%) 0.00 58
    2024-07-01 $167,500 (7.4%) $206,341 (15.7%) 0.00 70
    2024-08-01 $188,000 (23.5%) $227,309 (25.8%) 0.00 74
    2024-09-01 $172,813 (15.6%) $225,760 (28.4%) 0.00 76
    2024-10-01 $163,125 (8.2%) $227,379 (24.5%) 0.00 70
    2024-11-01 $167,250 (9.3%) $221,496 (19.0%) 0.00 77
    Greenwood's median listing price for 2024-11-01 was $167,250, a difference of $14,250 (9.3%) versus the prior year and $4,125 versus the prior month.

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

    Greenwood's average listing price for 2024-11-01 was $221,496, a difference of $35,414 (19.0%) versus the prior year and $-5,883 versus the prior month.

    For the 2024-11-01 period, Greenwood had 77 MLS listings, a difference of 7 listings (10%) versus the prior month and 13 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greenwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,860 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,840 sqft
    2018-04-01 0 days 1,840 sqft
    2018-05-01 0 days 1,839 sqft
    2018-06-01 0 days 1,839 sqft
    2018-07-01 0 days 1,859 sqft
    2018-08-01 0 days 1,858 sqft
    2018-09-01 0 days 1,810 sqft
    2018-10-01 0 days 1,844 sqft
    2018-11-01 0 days 1,882 sqft
    2018-12-01 0 days 1,968 sqft
    2019-01-01 0 days 1,978 sqft
    2019-02-01 0 days 1,964 sqft
    2019-03-01 0 days 1,925 sqft
    2019-04-01 0 days 1,831 sqft
    2019-05-01 0 days 1,924 sqft
    2019-06-01 0 days 1,756 sqft
    2019-07-01 0 days 1,737 sqft
    2019-08-01 0 days 1,778 sqft
    2019-09-01 0 days 1,849 sqft
    2019-10-01 0 days 1,911 sqft
    2019-11-01 0 days 1,911 sqft
    2019-12-01 0 days 1,907 sqft
    2020-01-01 0 days 1,959 sqft
    2020-02-01 0 days 2,035 sqft
    2020-03-01 0 days 2,026 sqft
    2020-04-01 0 days 2,077 sqft
    2020-05-01 0 days 2,084 sqft
    2020-06-01 0 days 2,000 sqft
    2020-07-01 0 days 2,047 sqft
    2020-08-01 0 days 2,051 sqft
    2020-09-01 0 days 2,121 sqft
    2020-10-01 0 days 2,011 sqft
    2020-11-01 0 days 2,175 sqft
    2020-12-01 0 days 2,168 sqft
    2021-01-01 0 days 2,149 sqft
    2021-02-01 0 days 2,094 sqft
    2021-03-01 0 days 2,030 sqft
    2021-04-01 0 days 2,051 sqft
    2021-05-01 0 days 2,052 sqft
    2021-06-01 0 days 1,933 sqft
    2021-07-01 0 days 1,913 sqft
    2021-08-01 0 days 1,774 sqft
    2021-09-01 0 days 1,719 sqft
    2021-10-01 0 days 1,674 sqft
    2021-11-01 0 days 1,733 sqft
    2021-12-01 0 days 1,732 sqft
    2022-01-01 0 days 1,767 sqft
    2022-02-01 0 days 1,757 sqft
    2022-03-01 0 days 1,791 sqft
    2022-04-01 0 days 1,622 sqft
    2022-05-01 0 days 1,610 sqft
    2022-06-01 0 days 1,723 sqft
    2022-07-01 0 days 1,680 sqft
    2022-08-01 0 days 1,603 sqft
    2022-09-01 0 days 1,558 sqft
    2022-10-01 0 days 1,611 sqft
    2022-11-01 0 days 1,728 sqft
    2022-12-01 0 days 1,718 sqft
    2023-01-01 0 days 1,731 sqft
    2023-02-01 0 days 1,771 sqft
    2023-03-01 0 days 1,830 sqft
    2023-04-01 0 days 1,784 sqft
    2023-05-01 0 days 1,798 sqft
    2023-06-01 0 days 1,848 sqft
    2023-07-01 0 days 1,848 sqft
    2023-08-01 0 days 1,847 sqft
    2023-09-01 0 days 1,748 sqft
    2023-10-01 0 days 1,770 sqft
    2023-11-01 0 days 1,821 sqft
    2023-12-01 0 days 1,912 sqft
    2024-01-01 0 days 1,777 sqft
    2024-02-01 0 days 1,735 sqft
    2024-03-01 0 days 1,797 sqft
    2024-04-01 0 days 1,736 sqft
    2024-05-01 0 days 1,768 sqft
    2024-06-01 0 days 1,813 sqft
    2024-07-01 0 days 1,827 sqft
    2024-08-01 0 days 2,069 sqft
    2024-09-01 0 days 1,870 sqft
    2024-10-01 0 days 1,801 sqft
    2024-11-01 0 days 1,802 sqft
    Greenwood's median listing age (time on market) for 2024-11-01 was 0 days.

    Greenwood's median square footage for active listings during the 2024-11-01 period was 1,802 sqft. One year prior, the average listing was 1,821 sqft.