Gulfport USDA Loan Rates, Closing Costs & Stats

GULFPORT-BILOXI, 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.

    Gulfport's 38 lenders originated 153 USDA loans during 2023. The total origination value was $29,135,000, with an average USDA loan value of $190,425.

    Gulfport USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Gulfport averaged 6.11% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Gulfport's average USDA mortgage closing costs are $4,843.

    The average rate for the prior week (2024-12-06) was 6.35% and one month ago for the week of 2024-11-08, the average rate was 6.36%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.51%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CMG MORTGAGE, INC. 29 6.63% $7,369
    Trustmark National Bank 14 6.02% $5,866
    SWBC MORTGAGE CORPORATION 11 6.44% $5,009
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 6.77% $6,745
    DHI MORTGAGE COMPANY, LTD. 8 5.20% $5,461
    GMFS LLC 7 6.91% $4,381
    DELMAR FINANCIAL COMPANY 7 6.41% $7,542
    PLANET HOME LENDING, LLC 6 6.77% $9,459
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.43% $7,823
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.75% $6,989
    CROSSCOUNTRY MORTGAGE, LLC 5 6.48% $9,105
    Magnolia Bank 4 6.25% $6,541
    Bank of England 4 6.22% $6,523
    KEESLER 3 6.46% $5,622
    STOCKTON MORTGAGE CORPORATION 3 6.91% $7,202
    Renasant Bank 2 7.63% $6,851
    Northpointe Bank 2 7.25% $7,897
    Flagstar Bank, FSB 2 6.75% $7,480
    BancorpSouth 2 5.81% $5,676
    BROKER SOLUTIONS, INC. 2 6.50% $5,567
    Wells Fargo Bank 1 7.13% $5,826
    CARDINAL FINANCIAL 1 6.75% $4,457
    Citizens Bank 1 5.75% $7,514
    DIRECT MORTGAGE LOANS, LLC 1 7.13% $11,158
    DSLD MORTGAGE, LLC 1 5.88% $3,280
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.00% $6,553
    Fifth Third Bank 1 5.75% $12,094
    FirstBank 1 5.63% $7,894
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $6,393
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $8,024
    MID AMERICA MORTGAGE, INC. 1 6.75% $6,950
    MORTGAGE INVESTORS GROUP, INC. 1 6.13% $8,273
    Paramount Residential Mortgage Group, Inc. 1 6.50% $6,449
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $7,418
    The Central Trust Bank 1 6.13% $6,023
    UNION HOME MORTGAGE CORP. 1 6.88% $9,937
    UNITED WHOLESALE MORTGAGE, LLC 1 6.22% $6,830
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.25% $3,348

    The top Gulfport USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 29 USDA loans originated. Their average total fees are $7,369, which is $1,503 higher than the next largest lender, Trustmark National Bank.

    The lowest fee Gulfport USDA lenders (with over 10 loans originated) are SWBC MORTGAGE CORPORATION ($5,009), Trustmark National Bank ($5,866), CMG MORTGAGE, INC. ($7,369), .

    The lowest rate Gulfport USDA lenders (with over 10 loans originated) are Trustmark National Bank (6.02%), SWBC MORTGAGE CORPORATION (6.44%), CMG MORTGAGE, INC. (6.63%), .

    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
    2024-01-01 $289,000 (-1.4%) $360,381 (-1.2%) 0.71 1,484
    2024-02-01 $287,495 (-3.9%) $361,020 (-5.4%) 0.69 1,506
    2024-03-01 $289,000 (-5.1%) $365,795 (-6.6%) 0.68 1,581
    2024-04-01 $289,963 (-8.2%) $367,227 (-7.9%) 0.67 1,660
    2024-05-01 $294,975 (-2.0%) $370,608 (-5.7%) 0.67 1,782
    2024-06-01 $298,700 (0.3%) $375,940 (-2.1%) 0.67 1,830
    2024-07-01 $293,000 (-3.9%) $367,915 (-4.5%) 0.67 1,867
    2024-08-01 $298,900 (-2.0%) $368,642 (-2.7%) 0.70 1,836
    2024-09-01 $299,000 (-0.3%) $372,122 (0.1%) 0.70 1,892
    2024-10-01 $299,000 (3.3%) $376,793 (4.4%) 0.70 1,890
    2024-11-01 $296,000 (0.3%) $373,845 (2.5%) 0.71 1,896
    Gulfport's median listing price for 2024-11-01 was $296,000, a difference of $1,000 (0.3%) versus the prior year and $-3,000 versus the prior month.

    Gulfport's median listing price comes in at 71% of the national average.

    Gulfport's average listing price for 2024-11-01 was $373,845, a difference of $8,940 (2.5%) versus the prior year and $-2,948 versus the prior month.

    For the 2024-11-01 period, Gulfport had 1,896 MLS listings, a difference of 6 listings (0%) versus the prior month and 395 listings (26%) 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
    2024-01-01 76 days 1,702 sqft
    2024-02-01 75 days 1,692 sqft
    2024-03-01 59 days 1,724 sqft
    2024-04-01 57 days 1,747 sqft
    2024-05-01 55 days 1,751 sqft
    2024-06-01 58 days 1,750 sqft
    2024-07-01 67 days 1,747 sqft
    2024-08-01 68 days 1,755 sqft
    2024-09-01 70 days 1,768 sqft
    2024-10-01 73 days 1,764 sqft
    2024-11-01 77 days 1,758 sqft
    Gulfport's median listing age (time on market) for 2024-11-01 was 77 days. This is 34% longer than the same period one year ago.

    Gulfport's median square footage for active listings during the 2024-11-01 period was 1,758 sqft. One year prior, the average listing was 1,725 sqft.