Grenada USDA Loan Rates, Closing Costs & Stats

Grenada, 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.

    Grenada's 6 lenders originated 15 USDA loans during 2023. The total origination value was $1,815,000, with an average USDA loan value of $121,000.

    Grenada USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Grenada averaged 6.84% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Grenada's average USDA mortgage closing costs are $3,559.

    The average rate for the prior week (2024-04-12) was 6.69% and one month ago for the week of 2024-03-15, the average rate was 6.37%.

    The average rate one year ago was 6.11%.

    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.

    Grenada 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 Grenada level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Regions Bank 7 6.75% $5,271
    BancorpSouth 2 6.63% $4,556
    Flagstar Bank, FSB 2 7.19% $1,518
    Nations Lending Corporation 1 7.25% $2,477
    Renasant Bank 1 7.25% $4,466
    UNION HOME MORTGAGE CORP. 1 6.63% $2,631

    The top Grenada USDA lender as defined by loan originations is Regions Bank, with 7 USDA loans originated. Their average total fees are $5,271, which is $716 higher than the next largest lender, BancorpSouth.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Grenada (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 $122,175 (-2.3%) $186,637 (14.3%) 0.00 70
    2018-02-01 $133,125 (5.7%) $190,730 (-1.3%) 0.00 65
    2018-03-01 $134,500 (10.9%) $188,057 (-4.5%) 0.00 65
    2018-04-01 $134,500 (23.4%) $196,755 (-1.3%) 0.00 64
    2018-05-01 $134,500 (25.1%) $200,433 (-3.9%) 0.00 70
    2018-06-01 $130,000 (-3.2%) $190,186 (-10.8%) 0.00 67
    2018-07-01 $134,975 (-10.0%) $177,354 (-17.6%) 0.00 67
    2018-08-01 $127,750 (-14.4%) $180,197 (-19.0%) 0.00 64
    2018-09-01 $128,500 (5.4%) $175,542 (-19.5%) 0.00 66
    2018-10-01 $125,375 (11.7%) $171,224 (-11.3%) 0.00 68
    2018-11-01 $137,750 (34.4%) $178,981 (0.6%) 0.00 67
    2018-12-01 $128,500 (11.3%) $187,282 (2.6%) 0.00 67
    2019-01-01 $125,250 (2.5%) $198,618 (6.4%) 0.00 62
    2019-02-01 $119,875 (-10.0%) $185,462 (-2.8%) 0.00 62
    2019-03-01 $122,986 (-8.6%) $187,109 (-0.5%) 0.00 61
    2019-04-01 $126,761 (-5.8%) $191,667 (-2.6%) 0.00 61
    2019-05-01 $137,450 (2.2%) $212,057 (5.8%) 0.00 48
    2019-06-01 $134,450 (3.4%) $205,730 (8.2%) 0.00 53
    2019-07-01 $146,500 (8.5%) $226,876 (27.9%) 0.00 51
    2019-08-01 $147,245 (15.3%) $240,014 (33.2%) 0.00 49
    2019-09-01 $143,114 (11.4%) $246,644 (40.5%) 0.00 48
    2019-10-01 $140,359 (12.0%) $253,031 (47.8%) 0.00 46
    2019-11-01 $139,450 (1.2%) $323,384 (80.7%) 0.00 46
    2019-12-01 $134,125 (4.4%) $321,064 (71.4%) 0.00 42
    2020-01-01 $134,125 (7.1%) $310,347 (56.3%) 0.00 41
    2020-02-01 $139,000 (16.0%) $348,395 (87.9%) 0.00 34
    2020-03-01 $207,750 (68.9%) $367,555 (96.4%) 0.00 30
    2020-04-01 $149,225 (17.7%) $329,952 (72.2%) 0.00 35
    2020-05-01 $169,450 (23.3%) $359,712 (69.6%) 0.00 33
    2020-06-01 $106,250 (-21.0%) $331,495 (61.1%) 0.00 31
    2020-07-01 $97,375 (-33.5%) $310,175 (36.7%) 0.00 35
    2020-08-01 $98,500 (-33.1%) $297,249 (23.9%) 0.00 35
    2020-09-01 $138,000 (-3.6%) $313,036 (26.9%) 0.00 32
    2020-10-01 $131,750 (-6.1%) $297,978 (17.8%) 0.00 36
    2020-11-01 $175,375 (25.8%) $263,770 (-18.4%) 0.00 36
    2020-12-01 $157,000 (17.1%) $213,017 (-33.7%) 0.00 38
    2021-01-01 $130,000 (-3.1%) $205,227 (-33.9%) 0.00 38
    2021-02-01 $123,250 (-11.3%) $160,872 (-53.8%) 0.00 32
    2021-03-01 $123,500 (-40.6%) $156,836 (-57.3%) 0.00 27
    2021-04-01 $154,725 (3.7%) $209,984 (-36.4%) 0.00 21
    2021-05-01 $214,000 (26.3%) $245,055 (-31.9%) 0.00 17
    2021-06-01 $229,500 (116.0%) $294,464 (-11.2%) 0.00 12
    2021-07-01 $194,500 (99.7%) $293,070 (-5.5%) 0.00 16
    2021-08-01 $174,250 (76.9%) $285,388 (-4.0%) 0.00 20
    2021-09-01 $202,500 (46.7%) $312,098 (-0.3%) 0.00 24
    2021-10-01 $229,000 (73.8%) $372,002 (24.8%) 0.00 20
    2021-11-01 $226,750 (29.3%) $368,079 (39.6%) 0.00 17
    2021-12-01 $133,975 (-14.7%) $306,178 (43.7%) 0.00 16
    2022-01-01 $149,250 (14.8%) $271,368 (32.2%) 0.00 19
    2022-02-01 $166,250 (34.9%) $272,988 (69.7%) 0.00 22
    2022-03-01 $151,250 (22.5%) $274,503 (75.0%) 0.00 21
    2022-04-01 $128,500 (-17.0%) $291,621 (38.9%) 0.00 19
    2022-05-01 $151,000 (-29.4%) $312,004 (27.3%) 0.00 25
    2022-06-01 $174,250 (-24.1%) $299,695 (1.8%) 0.00 30
    2022-07-01 $160,000 (-17.7%) $298,338 (1.8%) 0.00 29
    2022-08-01 $189,500 (8.8%) $284,757 (-0.2%) 0.00 32
    2022-09-01 $173,750 (-14.2%) $294,816 (-5.5%) 0.00 26
    2022-10-01 $178,500 (-22.1%) $244,156 (-34.4%) 0.00 34
    2022-11-01 $167,250 (-26.2%) $227,852 (-38.1%) 0.00 34
    2022-12-01 $149,000 (11.2%) $205,670 (-32.8%) 0.00 33
    2023-01-01 $149,450 (0.1%) $202,917 (-25.2%) 0.00 33
    2023-02-01 $147,625 (-11.2%) $187,614 (-31.3%) 0.00 36
    2023-03-01 $137,375 (-9.2%) $195,052 (-28.9%) 0.00 29
    2023-04-01 $149,500 (16.3%) $230,880 (-20.8%) 0.00 29
    2023-05-01 $145,750 (-3.5%) $224,996 (-27.9%) 0.00 28
    2023-06-01 $157,250 (-9.8%) $213,855 (-28.6%) 0.00 34
    2023-07-01 $139,900 (-12.6%) $229,561 (-23.1%) 0.00 38
    2023-08-01 $133,500 (-29.6%) $228,646 (-19.7%) 0.00 41
    2023-09-01 $145,500 (-16.3%) $247,535 (-16.0%) 0.00 33
    2023-10-01 $138,375 (-22.5%) $241,290 (-1.2%) 0.00 37
    2023-11-01 $135,000 (-19.3%) $247,204 (8.5%) 0.00 35
    2023-12-01 $202,000 (35.6%) $253,409 (23.2%) 0.00 40
    2024-01-01 $202,000 (35.2%) $261,081 (28.7%) 0.00 42
    2024-02-01 $181,000 (22.6%) $198,022 (5.6%) 0.00 48
    2024-03-01 $199,000 (44.9%) $243,220 (24.7%) 0.00 49
    Grenada's median listing price for 2024-03-01 was $199,000, a difference of $61,625 (44.9%) versus the prior year and $18,000 versus the prior month.

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

    Grenada's average listing price for 2024-03-01 was $243,220, a difference of $48,168 (24.7%) versus the prior year and $45,198 versus the prior month.

    For the 2024-03-01 period, Grenada had 49 MLS listings, a difference of 1 listings (2%) versus the prior month and 20 listings (69%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Grenada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,608 sqft
    2018-02-01 0 days 2,667 sqft
    2018-03-01 0 days 1,982 sqft
    2018-04-01 0 days 2,357 sqft
    2018-05-01 0 days 2,199 sqft
    2018-06-01 0 days 2,108 sqft
    2018-07-01 0 days 1,926 sqft
    2018-08-01 0 days 1,759 sqft
    2018-09-01 0 days 1,748 sqft
    2018-10-01 0 days 1,926 sqft
    2018-11-01 0 days 2,064 sqft
    2018-12-01 0 days 2,073 sqft
    2019-01-01 0 days 2,096 sqft
    2019-02-01 0 days 2,094 sqft
    2019-03-01 0 days 2,041 sqft
    2019-04-01 0 days 1,989 sqft
    2019-05-01 0 days 1,957 sqft
    2019-06-01 0 days 1,913 sqft
    2019-07-01 0 days 2,214 sqft
    2019-08-01 0 days 2,275 sqft
    2019-09-01 0 days 2,235 sqft
    2019-10-01 0 days 2,208 sqft
    2019-11-01 0 days 2,200 sqft
    2019-12-01 0 days 1,934 sqft
    2020-01-01 0 days 1,889 sqft
    2020-02-01 0 days 2,092 sqft
    2020-03-01 0 days 2,305 sqft
    2020-04-01 0 days 1,992 sqft
    2020-05-01 0 days 2,040 sqft
    2020-06-01 0 days 1,788 sqft
    2020-07-01 0 days 1,773 sqft
    2020-08-01 0 days 1,500 sqft
    2020-09-01 0 days 1,789 sqft
    2020-10-01 0 days 1,874 sqft
    2020-11-01 0 days 2,033 sqft
    2020-12-01 0 days 1,965 sqft
    2021-01-01 0 days 1,874 sqft
    2021-02-01 0 days 1,856 sqft
    2021-03-01 0 days 1,850 sqft
    2021-04-01 0 days 2,007 sqft
    2021-05-01 0 days 2,294 sqft
    2021-06-01 0 days 2,112 sqft
    2021-07-01 0 days 2,140 sqft
    2021-08-01 0 days 2,041 sqft
    2021-09-01 0 days 2,106 sqft
    2021-10-01 0 days 2,213 sqft
    2021-11-01 0 days 2,101 sqft
    2021-12-01 0 days 1,697 sqft
    2022-01-01 0 days 1,761 sqft
    2022-02-01 0 days 1,743 sqft
    2022-03-01 0 days 1,659 sqft
    2022-04-01 0 days 1,546 sqft
    2022-05-01 0 days 1,751 sqft
    2022-06-01 0 days 1,672 sqft
    2022-07-01 0 days 2,154 sqft
    2022-08-01 0 days 2,099 sqft
    2022-09-01 0 days 2,025 sqft
    2022-10-01 0 days 1,950 sqft
    2022-11-01 0 days 1,974 sqft
    2022-12-01 0 days 1,936 sqft
    2023-01-01 0 days 1,945 sqft
    2023-02-01 0 days 1,865 sqft
    2023-03-01 0 days 1,880 sqft
    2023-04-01 0 days 2,000 sqft
    2023-05-01 0 days 2,033 sqft
    2023-06-01 0 days 1,928 sqft
    2023-07-01 0 days 1,950 sqft
    2023-08-01 0 days 1,699 sqft
    2023-09-01 0 days 1,796 sqft
    2023-10-01 0 days 1,673 sqft
    2023-11-01 0 days 1,866 sqft
    2023-12-01 0 days 2,272 sqft
    2024-01-01 0 days 1,976 sqft
    2024-02-01 0 days 1,936 sqft
    2024-03-01 0 days 1,920 sqft
    Grenada's median listing age (time on market) for 2024-03-01 was 0 days.

    Grenada's median square footage for active listings during the 2024-03-01 period was 1,920 sqft. One year prior, the average listing was 1,880 sqft.