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 6.7% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.66% and one month ago for the week of 2025-01-10, the average rate was 6.61%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

    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 $109,750 (-0.2%) $169,678 (10.3%) 0.00 85
    2018-02-01 $113,750 (1.2%) $171,656 (-6.4%) 0.00 83
    2018-03-01 $118,950 (16.6%) $170,265 (-10.0%) 0.00 82
    2018-04-01 $125,000 (25.0%) $179,987 (-4.5%) 0.00 86
    2018-05-01 $125,000 (25.1%) $185,993 (-5.2%) 0.00 94
    2018-06-01 $126,900 (16.7%) $175,903 (-13.3%) 0.00 94
    2018-07-01 $120,975 (-16.3%) $168,029 (-19.9%) 0.00 94
    2018-08-01 $120,500 (-13.5%) $170,950 (-19.2%) 0.00 85
    2018-09-01 $118,000 (2.7%) $163,916 (-21.1%) 0.00 90
    2018-10-01 $109,000 (6.3%) $159,584 (-12.7%) 0.00 92
    2018-11-01 $110,500 (11.6%) $162,686 (-3.3%) 0.00 91
    2018-12-01 $115,000 (3.6%) $170,517 (-1.5%) 0.00 89
    2019-01-01 $118,750 (8.2%) $178,826 (5.4%) 0.00 90
    2019-02-01 $119,750 (5.3%) $176,773 (3.0%) 0.00 86
    2019-03-01 $119,957 (0.9%) $178,701 (5.0%) 0.00 83
    2019-04-01 $119,907 (-4.1%) $180,087 (0.1%) 0.00 83
    2019-05-01 $125,000 (0.0%) $182,532 (-1.9%) 0.00 74
    2019-06-01 $115,000 (-9.4%) $179,790 (2.2%) 0.00 77
    2019-07-01 $127,300 (5.2%) $194,099 (15.5%) 0.00 74
    2019-08-01 $129,755 (7.7%) $203,237 (18.9%) 0.00 74
    2019-09-01 $129,836 (10.0%) $212,889 (29.9%) 0.00 76
    2019-10-01 $129,900 (19.2%) $220,249 (38.0%) 0.00 77
    2019-11-01 $127,000 (14.9%) $268,917 (65.3%) 0.00 73
    2019-12-01 $128,000 (11.3%) $259,051 (51.9%) 0.00 67
    2020-01-01 $125,725 (5.9%) $255,413 (42.8%) 0.00 66
    2020-02-01 $122,000 (1.9%) $267,128 (51.1%) 0.00 61
    2020-03-01 $139,225 (16.1%) $277,569 (55.3%) 0.00 56
    2020-04-01 $135,725 (13.2%) $264,539 (46.9%) 0.00 59
    2020-05-01 $139,000 (11.2%) $281,347 (54.1%) 0.00 55
    2020-06-01 $117,225 (1.9%) $270,730 (50.6%) 0.00 52
    2020-07-01 $108,975 (-14.4%) $273,353 (40.8%) 0.00 51
    2020-08-01 $105,000 (-19.1%) $267,450 (31.6%) 0.00 49
    2020-09-01 $122,450 (-5.7%) $273,486 (28.5%) 0.00 50
    2020-10-01 $124,950 (-3.8%) $262,482 (19.2%) 0.00 54
    2020-11-01 $136,000 (7.1%) $226,716 (-15.7%) 0.00 52
    2020-12-01 $135,450 (5.8%) $190,307 (-26.5%) 0.00 53
    2021-01-01 $132,500 (5.4%) $183,402 (-28.2%) 0.00 56
    2021-02-01 $125,000 (2.5%) $156,399 (-41.5%) 0.00 45
    2021-03-01 $123,350 (-11.4%) $150,012 (-46.0%) 0.00 39
    2021-04-01 $127,250 (-6.2%) $182,227 (-31.1%) 0.00 31
    2021-05-01 $170,950 (23.0%) $206,986 (-26.4%) 0.00 24
    2021-06-01 $176,500 (50.6%) $232,039 (-14.3%) 0.00 19
    2021-07-01 $149,900 (37.6%) $233,020 (-14.8%) 0.00 24
    2021-08-01 $137,500 (31.0%) $235,223 (-12.1%) 0.00 31
    2021-09-01 $158,675 (29.6%) $251,586 (-8.0%) 0.00 36
    2021-10-01 $169,000 (35.3%) $309,724 (18.0%) 0.00 29
    2021-11-01 $164,450 (20.9%) $301,527 (33.0%) 0.00 25
    2021-12-01 $137,000 (1.1%) $257,481 (35.3%) 0.00 25
    2022-01-01 $133,500 (0.8%) $231,503 (26.2%) 0.00 30
    2022-02-01 $141,875 (13.5%) $231,045 (47.7%) 0.00 32
    2022-03-01 $137,950 (11.8%) $233,126 (55.4%) 0.00 33
    2022-04-01 $135,900 (6.8%) $243,700 (33.7%) 0.00 25
    2022-05-01 $143,000 (-16.4%) $270,029 (30.5%) 0.00 33
    2022-06-01 $151,875 (-14.0%) $255,707 (10.2%) 0.00 39
    2022-07-01 $142,500 (-4.9%) $249,871 (7.2%) 0.00 40
    2022-08-01 $160,000 (16.4%) $264,262 (12.4%) 0.00 40
    2022-09-01 $138,200 (-12.9%) $255,127 (1.4%) 0.00 37
    2022-10-01 $142,500 (-15.7%) $227,667 (-26.5%) 0.00 42
    2022-11-01 $159,750 (-2.9%) $247,329 (-18.0%) 0.00 43
    2022-12-01 $145,500 (6.2%) $218,406 (-15.2%) 0.00 46
    2023-01-01 $149,450 (12.0%) $217,068 (-6.2%) 0.00 46
    2023-02-01 $144,500 (1.9%) $209,776 (-9.2%) 0.00 47
    2023-03-01 $132,500 (-4.0%) $203,280 (-12.8%) 0.00 40
    2023-04-01 $138,750 (2.1%) $206,113 (-15.4%) 0.00 38
    2023-05-01 $131,375 (-8.1%) $200,560 (-25.7%) 0.00 36
    2023-06-01 $152,825 (0.6%) $198,144 (-22.5%) 0.00 41
    2023-07-01 $140,000 (-1.8%) $210,251 (-15.9%) 0.00 48
    2023-08-01 $137,500 (-14.1%) $207,461 (-21.5%) 0.00 53
    2023-09-01 $139,000 (0.6%) $212,565 (-16.7%) 0.00 50
    2023-10-01 $146,250 (2.6%) $209,769 (-7.9%) 0.00 55
    2023-11-01 $142,500 (-10.8%) $215,756 (-12.8%) 0.00 53
    2023-12-01 $168,000 (15.5%) $220,325 (0.9%) 0.00 59
    2024-01-01 $171,125 (14.5%) $230,164 (6.0%) 0.00 60
    2024-02-01 $163,950 (13.5%) $186,418 (-11.1%) 0.00 68
    2024-03-01 $182,250 (37.6%) $221,364 (8.9%) 0.00 69
    2024-04-01 $177,250 (27.8%) $219,586 (6.5%) 0.00 75
    2024-05-01 $170,000 (29.4%) $222,513 (11.0%) 0.00 78
    2024-06-01 $170,000 (11.2%) $211,792 (6.9%) 0.00 76
    2024-07-01 $168,850 (20.6%) $211,402 (0.6%) 0.00 81
    2024-08-01 $168,500 (22.6%) $218,679 (5.4%) 0.00 79
    2024-09-01 $159,125 (14.5%) $214,477 (0.9%) 0.00 86
    2024-10-01 $162,500 (11.1%) $218,896 (4.4%) 0.00 80
    2024-11-01 $175,800 (23.4%) $276,241 (28.0%) 0.00 79
    2024-12-01 $175,000 (4.2%) $270,535 (22.8%) 0.00 82
    2025-01-01 $167,000 (-2.4%) $238,908 (3.8%) 0.00 82
    Grenada's median listing price for 2025-01-01 was $167,000, a difference of $-4,125 (-2.4%) versus the prior year and $-8,000 versus the prior month.

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

    Grenada's average listing price for 2025-01-01 was $238,908, a difference of $8,744 (3.8%) versus the prior year and $-31,627 versus the prior month.

    For the 2025-01-01 period, Grenada had 82 MLS listings, a difference of 0 listings (0%) versus the prior month and 22 listings (37%) 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 2,291 sqft
    2018-02-01 0 days 2,345 sqft
    2018-03-01 0 days 2,152 sqft
    2018-04-01 0 days 2,386 sqft
    2018-05-01 0 days 2,300 sqft
    2018-06-01 0 days 2,091 sqft
    2018-07-01 0 days 2,009 sqft
    2018-08-01 0 days 2,009 sqft
    2018-09-01 0 days 1,894 sqft
    2018-10-01 0 days 1,981 sqft
    2018-11-01 0 days 2,064 sqft
    2018-12-01 0 days 2,054 sqft
    2019-01-01 0 days 2,148 sqft
    2019-02-01 0 days 2,124 sqft
    2019-03-01 0 days 2,020 sqft
    2019-04-01 0 days 1,936 sqft
    2019-05-01 0 days 1,913 sqft
    2019-06-01 0 days 1,835 sqft
    2019-07-01 0 days 2,072 sqft
    2019-08-01 0 days 2,145 sqft
    2019-09-01 0 days 2,135 sqft
    2019-10-01 0 days 2,129 sqft
    2019-11-01 0 days 1,960 sqft
    2019-12-01 0 days 1,937 sqft
    2020-01-01 0 days 1,921 sqft
    2020-02-01 0 days 1,960 sqft
    2020-03-01 0 days 2,304 sqft
    2020-04-01 0 days 2,012 sqft
    2020-05-01 0 days 1,953 sqft
    2020-06-01 0 days 1,712 sqft
    2020-07-01 0 days 1,698 sqft
    2020-08-01 0 days 1,714 sqft
    2020-09-01 0 days 1,820 sqft
    2020-10-01 0 days 1,798 sqft
    2020-11-01 0 days 2,004 sqft
    2020-12-01 0 days 1,985 sqft
    2021-01-01 0 days 1,926 sqft
    2021-02-01 0 days 1,874 sqft
    2021-03-01 0 days 1,900 sqft
    2021-04-01 0 days 2,009 sqft
    2021-05-01 0 days 2,073 sqft
    2021-06-01 0 days 2,017 sqft
    2021-07-01 0 days 2,056 sqft
    2021-08-01 0 days 2,013 sqft
    2021-09-01 0 days 1,981 sqft
    2021-10-01 0 days 2,084 sqft
    2021-11-01 0 days 1,848 sqft
    2021-12-01 0 days 1,639 sqft
    2022-01-01 0 days 1,672 sqft
    2022-02-01 0 days 1,698 sqft
    2022-03-01 0 days 1,635 sqft
    2022-04-01 0 days 1,527 sqft
    2022-05-01 0 days 1,721 sqft
    2022-06-01 0 days 1,713 sqft
    2022-07-01 0 days 2,012 sqft
    2022-08-01 0 days 1,979 sqft
    2022-09-01 0 days 1,916 sqft
    2022-10-01 0 days 1,861 sqft
    2022-11-01 0 days 1,955 sqft
    2022-12-01 0 days 1,832 sqft
    2023-01-01 0 days 1,938 sqft
    2023-02-01 0 days 1,862 sqft
    2023-03-01 0 days 1,772 sqft
    2023-04-01 0 days 1,943 sqft
    2023-05-01 0 days 1,995 sqft
    2023-06-01 0 days 1,951 sqft
    2023-07-01 0 days 1,943 sqft
    2023-08-01 0 days 1,780 sqft
    2023-09-01 0 days 1,894 sqft
    2023-10-01 0 days 1,850 sqft
    2023-11-01 0 days 1,953 sqft
    2023-12-01 0 days 2,079 sqft
    2024-01-01 0 days 1,975 sqft
    2024-02-01 0 days 1,910 sqft
    2024-03-01 0 days 1,900 sqft
    2024-04-01 0 days 1,954 sqft
    2024-05-01 0 days 1,962 sqft
    2024-06-01 0 days 1,910 sqft
    2024-07-01 0 days 1,854 sqft
    2024-08-01 0 days 1,862 sqft
    2024-09-01 0 days 1,843 sqft
    2024-10-01 0 days 1,865 sqft
    2024-11-01 0 days 1,862 sqft
    2024-12-01 0 days 1,811 sqft
    2025-01-01 0 days 1,798 sqft
    Grenada's median listing age (time on market) for 2025-01-01 was 0 days.

    Grenada's median square footage for active listings during the 2025-01-01 period was 1,798 sqft. One year prior, the average listing was 1,975 sqft.