Greenwood USDA Loan Rates, Closing Costs & Stats

Greenwood, 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.

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 6.56% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.78% and one month ago for the week of 2024-02-16, the average rate was 6.66%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.87%.

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
Greenwood's median listing price for 2024-02-01 was $143,500, a difference of $-11,500 (-7.4%) versus the prior year and $-6,275 versus the prior month.

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

Greenwood's average listing price for 2024-02-01 was $176,041, a difference of $-4,658 (-2.6%) versus the prior year and $-3,736 versus the prior month.

For the 2024-02-01 period, Greenwood had 57 MLS listings, a difference of -2 listings (-3%) versus the prior month and -4 listings (-7%) 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
Greenwood's median listing age (time on market) for 2024-02-01 was 0 days.

Greenwood's median square footage for active listings during the 2024-02-01 period was 1,735 sqft. One year prior, the average listing was 1,771 sqft.