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 47 lenders originated 461 USDA loans during 2021. The total origination value was $78,565,000, with an average USDA loan value of $170,423.

Gulfport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Gulfport averaged 6.29% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

Gulfport's average USDA mortgage closing costs are $4,482.

The average rate for the prior week (2023-01-20) was 6.28% and one month ago for the week of 2022-12-23, the average rate was 6.21%.

The average rate one year ago was 3.86%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.89%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
CMG MORTGAGE, INC. 86 3.05% $6,636
INLANTA MORTGAGE, INC. 38 2.94% $4,989
DELMAR FINANCIAL COMPANY 36 2.84% $5,800
Trustmark National Bank 30 2.75% $4,917
GMFS LLC 29 3.03% $3,774
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 26 3.09% $5,093
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 25 3.40% $5,825
DHI MORTGAGE COMPANY, LTD. 19 2.81% $4,077
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 14 3.26% $5,336
PRIMELENDING, A PLAINSCAPITAL COMPANY 13 3.20% $5,305
KEESLER 12 3.00% $4,637
DSLD MORTGAGE, LLC 11 2.53% $2,977
HOME POINT FINANCIAL CORPORATION 10 2.88% $4,914
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 3.19% $5,725
EVERETT FINANCIAL, INC. 7 3.07% $4,159
EUSTIS AND AMERICAN MORTGAGE COMPANY 7 2.75% $4,914
First Horizon Bank 6 2.92% $3,627
Hancock Whitney Bank 5 2.45% $5,016
BancorpSouth Bank 5 2.97% $5,160
Regions Bank 5 3.05% $4,214
FBT Mortgage, L.L.C. 5 2.83% $4,651
PENNYMAC LOAN SERVICES, LLC 5 2.83% $6,589
OPEN MORTGAGE, LLC 5 2.83% $5,539
Magnolia Bank 4 2.88% $5,321
GUARANTY HOME MORTGAGE CORPORATION 4 3.06% $4,411
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.79% $6,037
CALIBER HOME LOANS, INC. 3 3.17% $5,099
ENVOY MORTGAGE, LTD 3 3.29% $5,257
UNITED WHOLESALE MORTGAGE, LLC 2 2.94% $5,593
AMERICAN HOME LENDING USA, LLC 2 2.88% $6,665
Bank of England 2 3.38% $5,434
Carrington Mortgage Services, LLC 2 3.00% $5,116
Community Bank of Mississippi 2 2.56% $3,176
FIRST COMMUNITY MORTGAGE, INC. 2 3.00% $5,505
PLANET HOME LENDING, LLC 2 2.81% $4,967
ACADEMY MORTGAGE CORPORATION 2 2.75% $9,215
Northpointe Bank 1 2.88% $6,200
Goldwater Bank, N.A. 1 3.38% $5,142
FIDELITY BANK 1 2.63% $5,035
UNION HOME MORTGAGE CORP. 1 2.75% $7,082
Citizens Bank 1 2.88% $5,060
ANGEL OAK HOME LOANS LLC 1 3.50% $4,995
Amerifirst Financial, Inc. 1 2.88% $3,038
The First, A National Banking Association 1 2.75% $4,789
AMERICAN FINANCIAL NETWORK, INC. 1 3.50% $8,909
MID AMERICA MORTGAGE, INC. 1 3.25% $3,179
LOANDEPOT.COM, LLC 1 2.75% $5,990

The top Gulfport USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 86 USDA loans originated. Their average total fees are $6,636, which is $1,647 higher than the next largest lender, INLANTA MORTGAGE, INC..

The lowest fee Gulfport USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC ($2,977), GMFS LLC ($3,774), DHI MORTGAGE COMPANY, LTD. ($4,077), KEESLER ($4,637) and HOME POINT FINANCIAL CORPORATION ($4,914).

The lowest rate Gulfport USDA lenders (with over 10 loans originated) are DSLD MORTGAGE, LLC (2.53%), Trustmark National Bank (2.75%), DHI MORTGAGE COMPANY, LTD. (2.81%), DELMAR FINANCIAL COMPANY (2.84%) and HOME POINT FINANCIAL CORPORATION (2.88%).


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 (6.2%) $251,435 (6.6%) 0.66 2,087
2018-04-01 $189,950 (5.9%) $256,140 (6.3%) 0.64 2,152
2018-05-01 $195,475 (8.6%) $259,286 (7.3%) 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 (8.1%) 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 (7.5%) 0.66 2,130
2018-10-01 $197,725 (10.5%) $258,922 (7.0%) 0.67 2,092
2018-11-01 $190,813 (6.9%) $255,346 (5.7%) 0.65 2,107
2018-12-01 $189,900 (6.5%) $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 $195,514 (4.6%) $255,031 (1.4%) 0.64 1,996
2019-04-01 $196,850 (3.6%) $257,073 (0.4%) 0.63 2,039
2019-05-01 $203,516 (4.1%) $259,689 (0.2%) 0.64 2,063
2019-06-01 $200,000 (2.6%) $258,521 (-1.6%) 0.63 2,172
2019-07-01 $203,818 (4.6%) $261,146 (-0.7%) 0.64 2,207
2019-08-01 $203,636 (4.2%) $262,975 (1.1%) 0.64 2,164
2019-09-01 $201,591 (2.1%) $263,150 (0.8%) 0.65 2,103
2019-10-01 $200,043 (1.2%) $263,267 (1.7%) 0.65 2,046
2019-11-01 $199,900 (4.8%) $263,648 (3.3%) 0.66 2,015
2019-12-01 $198,950 (4.8%) $259,986 (3.6%) 0.66 2,015
2020-01-01 $198,450 (4.5%) $259,304 (4.4%) 0.66 1,864
2020-02-01 $199,900 (2.5%) $259,098 (2.6%) 0.65 1,898
2020-03-01 $208,533 (6.7%) $265,818 (4.2%) 0.65 1,895
2020-04-01 $209,950 (6.7%) $265,451 (3.3%) 0.66 1,869
2020-05-01 $214,900 (5.6%) $269,639 (3.8%) 0.65 1,692
2020-06-01 $224,950 (12.5%) $279,576 (8.1%) 0.66 1,457
2020-07-01 $233,308 (14.5%) $286,548 (9.7%) 0.68 1,351
2020-08-01 $240,900 (18.3%) $294,377 (11.9%) 0.69 1,223
2020-09-01 $245,519 (21.8%) $299,585 (13.9%) 0.70 1,165
2020-10-01 $247,000 (23.5%) $296,548 (12.6%) 0.71 1,121
2020-11-01 $237,700 (18.9%) $286,143 (8.5%) 0.69 1,105
2020-12-01 $237,875 (19.6%) $285,629 (9.9%) 0.71 1,034
2021-01-01 $235,850 (18.9%) $286,033 (10.3%) 0.70 932
2021-02-01 $238,450 (19.3%) $296,660 (14.5%) 0.69 787
2021-03-01 $232,250 (11.4%) $299,390 (12.6%) 0.66 758
2021-04-01 $229,450 (9.3%) $314,340 (18.4%) 0.62 690
2021-05-01 $230,000 (7.0%) $317,829 (17.9%) 0.61 692
2021-06-01 $229,975 (2.2%) $326,291 (16.7%) 0.61 747
2021-07-01 $238,300 (2.1%) $331,131 (15.6%) 0.63 842
2021-08-01 $235,000 (-2.5%) $324,438 (10.2%) 0.63 896
2021-09-01 $234,973 (-4.3%) $319,909 (6.8%) 0.63 917
2021-10-01 $244,500 (-1.0%) $326,314 (10.0%) 0.65 882
2021-11-01 $250,644 (5.5%) $339,094 (18.5%) 0.67 807
2021-12-01 $253,325 (6.5%) $336,976 (18.0%) 0.69 782
2022-01-01 $250,000 (6.0%) $344,404 (20.4%) 0.68 720
2022-02-01 $266,738 (11.9%) $356,063 (20.0%) 0.69 692
2022-03-01 $274,638 (18.3%) $350,886 (17.2%) 0.69 724
2022-04-01 $289,000 (26.0%) $362,602 (15.4%) 0.69 779
2022-05-01 $289,938 (26.1%) $370,883 (16.7%) 0.66 872
2022-06-01 $289,950 (26.1%) $370,779 (13.6%) 0.65 995
2022-07-01 $289,000 (21.3%) $364,483 (10.1%) 0.65 1,104
2022-08-01 $285,000 (21.3%) $359,204 (10.7%) 0.66 1,191
2022-09-01 $289,945 (23.4%) $359,009 (12.2%) 0.68 1,194
2022-10-01 $295,000 (20.7%) $358,783 (10.0%) 0.69 1,228
2022-11-01 $283,200 (13.0%) $354,993 (4.7%) 0.68 1,260
2022-12-01 $274,999 (8.6%) $354,438 (5.2%) 0.69 1,215
Gulfport's median listing price for 2022-12-01 was $274,999, a difference of $21,674 (8.6%) versus the prior year and $-8,201 versus the prior month.

Gulfport's median listing price comes in at 69% of the national average.

Gulfport's average listing price for 2022-12-01 was $354,438, a difference of $17,462 (5.2%) versus the prior year and $-555 versus the prior month.

For the 2022-12-01 period, Gulfport had 1,215 MLS listings, a difference of -45 listings (-4%) versus the prior month and 433 listings (55%) 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
2018-01-01 101 days 1,843 sqft
2018-02-01 100 days 1,835 sqft
2018-03-01 89 days 1,854 sqft
2018-04-01 78 days 1,874 sqft
2018-05-01 74 days 1,902 sqft
2018-06-01 78 days 1,900 sqft
2018-07-01 83 days 1,906 sqft
2018-08-01 86 days 1,912 sqft
2018-09-01 89 days 1,900 sqft
2018-10-01 93 days 1,900 sqft
2018-11-01 95 days 1,880 sqft
2018-12-01 99 days 1,861 sqft
2019-01-01 105 days 1,854 sqft
2019-02-01 99 days 1,857 sqft
2019-03-01 91 days 1,874 sqft
2019-04-01 79 days 1,896 sqft
2019-05-01 75 days 1,920 sqft
2019-06-01 74 days 1,900 sqft
2019-07-01 75 days 1,906 sqft
2019-08-01 80 days 1,913 sqft
2019-09-01 83 days 1,922 sqft
2019-10-01 86 days 1,928 sqft
2019-11-01 86 days 1,920 sqft
2019-12-01 88 days 1,893 sqft
2020-01-01 95 days 1,878 sqft
2020-02-01 93 days 1,899 sqft
2020-03-01 76 days 1,916 sqft
2020-04-01 80 days 1,907 sqft
2020-05-01 84 days 1,914 sqft
2020-06-01 91 days 1,930 sqft
2020-07-01 76 days 2,011 sqft
2020-08-01 68 days 2,007 sqft
2020-09-01 65 days 2,000 sqft
2020-10-01 64 days 1,977 sqft
2020-11-01 66 days 1,949 sqft
2020-12-01 70 days 1,919 sqft
2021-01-01 77 days 1,884 sqft
2021-02-01 69 days 1,870 sqft
2021-03-01 50 days 1,841 sqft
2021-04-01 49 days 1,804 sqft
2021-05-01 33 days 1,748 sqft
2021-06-01 38 days 1,798 sqft
2021-07-01 40 days 1,820 sqft
2021-08-01 40 days 1,848 sqft
2021-09-01 48 days 1,851 sqft
2021-10-01 24 days 1,892 sqft
2021-11-01 42 days 1,907 sqft
2021-12-01 59 days 1,907 sqft
2022-01-01 67 days 1,891 sqft
2022-02-01 68 days 1,910 sqft
2022-03-01 42 days 1,867 sqft
2022-04-01 38 days 1,883 sqft
2022-05-01 42 days 1,897 sqft
2022-06-01 42 days 1,891 sqft
2022-07-01 46 days 1,875 sqft
2022-08-01 53 days 1,899 sqft
2022-09-01 62 days 1,899 sqft
2022-10-01 67 days 1,892 sqft
2022-11-01 74 days 1,896 sqft
2022-12-01 86 days 1,872 sqft
Gulfport's median listing age (time on market) for 2022-12-01 was 86 days. This is 47% longer than the same period one year ago.

Gulfport's median square footage for active listings during the 2022-12-01 period was 1,872 sqft. One year prior, the average listing was 1,907 sqft.