Gulfport USDA Loan Rates, Closing Costs & Stats

GULFPORT-BILOXI, 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.

Gulfport's 41 lenders originated 253 USDA loans during 2022. The total origination value was $45,965,000, with an average USDA loan value of $181,680.

Gulfport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Gulfport averaged 6.15% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Gulfport's average USDA mortgage closing costs are $4,698.

The average rate for the prior week (2024-02-09) was 6.19% and one month ago for the week of 2024-01-12, the average rate was 6.11%.

The average rate one year ago was 5.74%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.21%.

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

Gulfport 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 Gulfport level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
CMG MORTGAGE, INC. 48 4.90% $7,552
EVERETT FINANCIAL, INC. 23 5.09% $3,880
MORTGAGE SOLUTIONS OF COLORADO, LLC 20 5.10% $7,180
DELMAR FINANCIAL COMPANY 17 4.67% $6,656
DHI MORTGAGE COMPANY, LTD. 11 3.80% $5,653
Magnolia Bank 11 4.11% $5,543
INLANTA MORTGAGE, INC. 10 4.17% $6,238
Trustmark National Bank 10 4.28% $4,955
GMFS LLC 8 4.42% $4,865
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 5.75% $7,072
PLANET HOME LENDING, LLC 6 4.44% $6,827
Bank of England 6 5.03% $6,871
Regions Bank 6 4.58% $5,328
CROSSCOUNTRY MORTGAGE, LLC 5 5.87% $7,087
Merchants & Marine Bank 5 5.33% $5,457
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 6.09% $8,771
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 3.97% $4,791
HOME POINT FINANCIAL CORPORATION 3 5.00% $6,300
LOANDEPOT.COM, LLC 3 4.04% $4,290
NEWREZ LLC 3 3.42% $6,439
CARDINAL FINANCIAL 2 4.13% $7,787
Flagstar Bank, FSB 2 6.31% $5,278
STOCKTON MORTGAGE CORPORATION 2 5.38% $7,307
AMERICAN PACIFIC MORTGAGE CORPORATION 2 4.00% $5,338
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 5.13% $6,964
Community Bank of Mississippi 2 4.63% $5,475
OPEN MORTGAGE, LLC 2 4.50% $6,310
BankPlus 1 4.75% $3,479
Assurance Financial Group, L.L.C. 1 6.13% $6,300
Amerifirst Financial, Inc. 1 5.63% $4,424
Renasant Bank 1 5.63% $4,589
MORTGAGE INVESTORS GROUP, INC. 1 3.88% $4,068
FIRST COMMUNITY MORTGAGE, INC. 1 5.00% $4,263
DSLD MORTGAGE, LLC 1 6.13% $8,221
GUARANTEED RATE, INC. 1 4.50% $7,552
Gulf Coast Bank and Trust Company 1 3.75% $6,092
DRAPER AND KRAMER MORTGAGE CORP. 1 5.88% $6,182
MORTGAGE FINANCIAL SERVICES, LLC 1 5.63% $7,876
UNITED WHOLESALE MORTGAGE, LLC 1 6.13% $6,088
CALIBER HOME LOANS, INC. 1 4.25% $6,167
Northpointe Bank 1 4.25% $5,255

The top Gulfport USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 48 USDA loans originated. Their average total fees are $7,552, which is $3,673 higher than the next largest lender, EVERETT FINANCIAL, INC..

The lowest fee Gulfport USDA lenders (with over 10 loans originated) are EVERETT FINANCIAL, INC. ($3,880), Trustmark National Bank ($4,955), Magnolia Bank ($5,543), DHI MORTGAGE COMPANY, LTD. ($5,653) and INLANTA MORTGAGE, INC. ($6,238).

The lowest rate Gulfport USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (3.80%), Magnolia Bank (4.11%), INLANTA MORTGAGE, INC. (4.17%), Trustmark National Bank (4.28%) and DELMAR FINANCIAL COMPANY (4.67%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Gulfport (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 $179,000 (4.8%) $245,444 (5.0%) 0.66 2,027
2018-02-01 $179,850 (4.1%) $242,122 (4.0%) 0.65 2,044
2018-03-01 $186,900 (6.1%) $251,435 (6.6%) 0.66 2,087
2018-04-01 $189,950 (5.9%) $256,140 (6.2%) 0.64 2,152
2018-05-01 $195,475 (8.6%) $259,286 (7.2%) 0.65 2,145
2018-06-01 $195,000 (5.5%) $262,835 (8.7%) 0.65 2,143
2018-07-01 $194,950 (5.4%) $263,098 (8.0%) 0.65 2,109
2018-08-01 $195,450 (7.2%) $260,073 (7.1%) 0.65 2,119
2018-09-01 $197,500 (9.8%) $261,028 (7.4%) 0.66 2,130
2018-10-01 $197,725 (10.5%) $258,922 (7.0%) 0.67 2,092
2018-11-01 $190,813 (6.8%) $255,346 (5.7%) 0.65 2,107
2018-12-01 $189,900 (6.4%) $250,887 (3.2%) 0.66 2,027
2019-01-01 $189,950 (6.1%) $248,294 (1.2%) 0.66 1,999
2019-02-01 $194,950 (8.4%) $252,469 (4.3%) 0.66 1,992
2019-03-01 $195,450 (4.6%) $254,997 (1.4%) 0.64 1,996
2019-04-01 $196,775 (3.6%) $257,035 (0.4%) 0.62 2,038
2019-05-01 $204,375 (4.6%) $259,884 (0.2%) 0.64 2,061
2019-06-01 $201,750 (3.5%) $258,712 (-1.6%) 0.63 2,169
2019-07-01 $204,070 (4.7%) $261,336 (-0.7%) 0.64 2,203
2019-08-01 $203,722 (4.2%) $263,158 (1.2%) 0.65 2,160
2019-09-01 $201,806 (2.2%) $263,320 (0.9%) 0.65 2,098
2019-10-01 $200,494 (1.4%) $263,428 (1.7%) 0.65 2,041
2019-11-01 $199,900 (4.8%) $263,922 (3.4%) 0.66 2,009
2019-12-01 $198,950 (4.8%) $260,169 (3.7%) 0.66 2,010
2020-01-01 $198,450 (4.5%) $259,555 (4.5%) 0.66 1,858
2020-02-01 $199,900 (2.5%) $259,363 (2.7%) 0.65 1,892
2020-03-01 $208,950 (6.9%) $265,934 (4.3%) 0.66 1,888
2020-04-01 $209,950 (6.7%) $265,607 (3.3%) 0.66 1,862
2020-05-01 $215,000 (5.2%) $269,827 (3.8%) 0.65 1,685
2020-06-01 $225,000 (11.5%) $279,844 (8.2%) 0.66 1,450
2020-07-01 $233,505 (14.4%) $286,870 (9.8%) 0.68 1,344
2020-08-01 $243,100 (19.3%) $294,779 (12.0%) 0.70 1,216
2020-09-01 $246,770 (22.3%) $300,032 (13.9%) 0.71 1,158
2020-10-01 $247,738 (23.6%) $296,993 (12.7%) 0.71 1,114
2020-11-01 $238,900 (19.5%) $286,521 (8.6%) 0.70 1,098
2020-12-01 $238,819 (20.0%) $286,023 (9.9%) 0.71 1,026
2021-01-01 $239,000 (20.4%) $286,648 (10.4%) 0.71 924
2021-02-01 $240,900 (20.5%) $297,496 (14.7%) 0.70 779
2021-03-01 $233,950 (12.0%) $300,336 (12.9%) 0.66 750
2021-04-01 $232,000 (10.5%) $315,325 (18.7%) 0.63 682
2021-05-01 $234,900 (9.3%) $319,055 (18.2%) 0.62 684
2021-06-01 $231,125 (2.7%) $327,543 (17.0%) 0.61 740
2021-07-01 $239,000 (2.4%) $331,803 (15.7%) 0.63 837
2021-08-01 $236,385 (-2.8%) $325,073 (10.3%) 0.63 890
2021-09-01 $235,000 (-4.8%) $320,465 (6.8%) 0.63 912
2021-10-01 $245,000 (-1.1%) $330,478 (11.3%) 0.65 869
2021-11-01 $254,375 (6.5%) $341,770 (19.3%) 0.68 765
2021-12-01 $256,213 (7.3%) $339,575 (18.7%) 0.69 728
2022-01-01 $255,000 (6.7%) $350,187 (22.2%) 0.69 648
2022-02-01 $269,475 (11.9%) $363,837 (22.3%) 0.70 619
2022-03-01 $277,450 (18.6%) $358,218 (19.3%) 0.69 647
2022-04-01 $294,450 (26.9%) $371,220 (17.7%) 0.70 699
2022-05-01 $295,825 (25.9%) $375,393 (17.7%) 0.68 789
2022-06-01 $297,000 (28.5%) $375,443 (14.6%) 0.66 913
2022-07-01 $295,900 (23.8%) $368,732 (11.1%) 0.67 1,022
2022-08-01 $289,950 (22.7%) $362,329 (11.5%) 0.67 1,107
2022-09-01 $295,340 (25.7%) $360,217 (12.4%) 0.69 1,108
2022-10-01 $297,500 (21.4%) $358,566 (8.5%) 0.70 1,142
2022-11-01 $288,400 (13.4%) $354,748 (3.8%) 0.69 1,175
2022-12-01 $279,950 (9.3%) $357,634 (5.3%) 0.69 1,106
2023-01-01 $293,053 (14.9%) $364,710 (4.2%) 0.73 1,011
2023-02-01 $299,178 (11.0%) $381,491 (4.9%) 0.72 983
2023-03-01 $304,500 (9.8%) $391,521 (9.3%) 0.72 973
2023-04-01 $315,900 (7.3%) $398,589 (7.4%) 0.73 943
2023-05-01 $300,900 (1.7%) $392,960 (4.7%) 0.68 1,033
2023-06-01 $297,738 (0.3%) $384,093 (2.3%) 0.67 1,103
2023-07-01 $305,000 (3.1%) $385,261 (4.5%) 0.69 1,181
2023-08-01 $304,963 (5.2%) $378,845 (4.6%) 0.70 1,222
2023-09-01 $299,900 (1.5%) $371,743 (3.2%) 0.70 1,281
2023-10-01 $289,475 (-2.7%) $360,891 (0.7%) 0.68 1,388
2023-11-01 $295,000 (2.3%) $364,905 (2.9%) 0.70 1,501
2023-12-01 $294,950 (5.4%) $362,061 (1.2%) 0.72 1,501
Gulfport's median listing price for 2023-12-01 was $294,950, a difference of $15,000 (5.4%) versus the prior year and $-50 versus the prior month.

Gulfport's median listing price comes in at 72% of the national average.

Gulfport's average listing price for 2023-12-01 was $362,061, a difference of $4,427 (1.2%) versus the prior year and $-2,844 versus the prior month.

For the 2023-12-01 period, Gulfport had 1,501 MLS listings, a difference of 0 listings (0%) versus the prior month and 395 listings (36%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Gulfport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 93 days 1,843 sqft
2018-02-01 91 days 1,835 sqft
2018-03-01 73 days 1,854 sqft
2018-04-01 70 days 1,875 sqft
2018-05-01 67 days 1,902 sqft
2018-06-01 71 days 1,900 sqft
2018-07-01 76 days 1,908 sqft
2018-08-01 78 days 1,912 sqft
2018-09-01 82 days 1,900 sqft
2018-10-01 84 days 1,900 sqft
2018-11-01 86 days 1,880 sqft
2018-12-01 91 days 1,861 sqft
2019-01-01 95 days 1,854 sqft
2019-02-01 88 days 1,857 sqft
2019-03-01 78 days 1,874 sqft
2019-04-01 71 days 1,895 sqft
2019-05-01 68 days 1,921 sqft
2019-06-01 67 days 1,900 sqft
2019-07-01 68 days 1,907 sqft
2019-08-01 73 days 1,913 sqft
2019-09-01 76 days 1,923 sqft
2019-10-01 78 days 1,928 sqft
2019-11-01 79 days 1,920 sqft
2019-12-01 82 days 1,894 sqft
2020-01-01 89 days 1,879 sqft
2020-02-01 87 days 1,900 sqft
2020-03-01 67 days 1,916 sqft
2020-04-01 72 days 1,907 sqft
2020-05-01 78 days 1,914 sqft
2020-06-01 82 days 1,930 sqft
2020-07-01 66 days 2,016 sqft
2020-08-01 60 days 2,009 sqft
2020-09-01 58 days 2,001 sqft
2020-10-01 58 days 1,981 sqft
2020-11-01 59 days 1,949 sqft
2020-12-01 65 days 1,921 sqft
2021-01-01 73 days 1,886 sqft
2021-02-01 63 days 1,876 sqft
2021-03-01 46 days 1,843 sqft
2021-04-01 44 days 1,808 sqft
2021-05-01 31 days 1,748 sqft
2021-06-01 36 days 1,800 sqft
2021-07-01 38 days 1,820 sqft
2021-08-01 39 days 1,848 sqft
2021-09-01 47 days 1,852 sqft
2021-10-01 24 days 1,900 sqft
2021-11-01 42 days 1,914 sqft
2021-12-01 54 days 1,919 sqft
2022-01-01 59 days 1,900 sqft
2022-02-01 53 days 1,924 sqft
2022-03-01 35 days 1,874 sqft
2022-04-01 32 days 1,887 sqft
2022-05-01 35 days 1,897 sqft
2022-06-01 37 days 1,896 sqft
2022-07-01 43 days 1,880 sqft
2022-08-01 48 days 1,899 sqft
2022-09-01 56 days 1,898 sqft
2022-10-01 60 days 1,892 sqft
2022-11-01 65 days 1,895 sqft
2022-12-01 74 days 1,872 sqft
2023-01-01 84 days 1,861 sqft
2023-02-01 86 days 1,913 sqft
2023-03-01 63 days 1,942 sqft
2023-04-01 58 days 1,933 sqft
2023-05-01 52 days 1,905 sqft
2023-06-01 48 days 1,858 sqft
2023-07-01 52 days 1,824 sqft
2023-08-01 55 days 1,807 sqft
2023-09-01 58 days 1,773 sqft
2023-10-01 56 days 1,747 sqft
2023-11-01 58 days 1,725 sqft
2023-12-01 67 days 1,700 sqft
Gulfport's median listing age (time on market) for 2023-12-01 was 67 days. This is -9% shorter than the same period one year ago.

Gulfport's median square footage for active listings during the 2023-12-01 period was 1,700 sqft. One year prior, the average listing was 1,872 sqft.