Hattiesburg USDA Loan Rates, Closing Costs & Stats

HATTIESBURG, 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.

    Hattiesburg's 30 lenders originated 80 USDA loans during 2023. The total origination value was $15,740,000, with an average USDA loan value of $196,750.

    Hattiesburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hattiesburg averaged 6.48% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Hattiesburg's average USDA mortgage closing costs are $4,916.

    The average rate for the prior week (2025-02-07) was 6.44% and one month ago for the week of 2025-01-10, the average rate was 6.58%.

    The average rate one year ago was 6.47%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.49%.

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

    Hattiesburg 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 Hattiesburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Trustmark National Bank 6 6.30% $6,323
    Merchants & Marine Bank 5 6.55% $8,972
    FIRST COLONY MORTGAGE CORPORATION 5 6.85% $8,969
    GMFS LLC 4 6.34% $4,639
    Regions Bank 4 6.31% $6,990
    UNITED WHOLESALE MORTGAGE, LLC 4 6.77% $6,435
    CROSSCOUNTRY MORTGAGE, LLC 4 7.22% $7,149
    CARDINAL FINANCIAL 3 6.42% $8,271
    Equity Prime Mortgage LLC 3 6.42% $10,777
    Community Bank of Mississippi 2 6.75% $4,433
    STOCKTON MORTGAGE CORPORATION 2 6.47% $7,859
    The Citizens National Bank of Meridian 2 6.00% $6,348
    Paramount Residential Mortgage Group, Inc. 2 6.63% $6,649
    Flagstar Bank, FSB 2 6.69% $9,333
    GUARANTY HOME MORTGAGE CORPORATION 2 6.25% $7,800
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.25% $6,646
    GUILD MORTGAGE COMPANY 1 6.88% $5,123
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $8,049
    Bank of England 1 5.25% $12,393
    BROKER SOLUTIONS, INC. 1 6.25% $10,581
    Cornerstone First Mortgage, Inc 1 6.63% $4,911
    Grand Bank for Savings, FSB 1 7.25% $9,063
    AMERICAN FINANCIAL NETWORK, INC. 1 6.25% $10,271
    Hancock Whitney Bank 1 5.63% $5,806
    KEESLER 1 6.88% $5,188
    Magnolia Bank 1 6.13% $5,021
    Mortgage Research Center, LLC 1 7.13% $3,019
    OPEN MORTGAGE, LLC 1 6.50% $8,163
    PLANET HOME LENDING, LLC 1 6.99% $6,174
    PLAZA HOME MORTGAGE, INC. 1 6.75% $8,748

    The top Hattiesburg USDA lender as defined by loan originations is Trustmark National Bank, with 6 USDA loans originated. Their average total fees are $6,323, which is $2,649 lower than the next largest lender, Merchants & Marine Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hattiesburg (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 $194,500 (10.8%) $260,272 (12.7%) 0.72 506
    2018-02-01 $197,825 (11.2%) $267,184 (10.6%) 0.72 495
    2018-03-01 $205,000 (13.9%) $275,787 (9.7%) 0.72 527
    2018-04-01 $212,400 (12.4%) $279,065 (7.5%) 0.71 560
    2018-05-01 $219,450 (19.0%) $285,801 (9.1%) 0.73 551
    2018-06-01 $219,900 (15.8%) $286,192 (9.9%) 0.73 573
    2018-07-01 $219,900 (13.4%) $285,370 (12.2%) 0.72 605
    2018-08-01 $209,500 (10.3%) $277,225 (9.6%) 0.69 580
    2018-09-01 $199,750 (4.7%) $265,607 (3.4%) 0.67 572
    2018-10-01 $199,825 (2.5%) $264,058 (0.8%) 0.68 558
    2018-11-01 $195,075 (2.1%) $263,478 (3.8%) 0.64 546
    2018-12-01 $197,700 (1.7%) $264,396 (1.9%) 0.67 522
    2019-01-01 $197,975 (1.8%) $264,797 (1.7%) 0.67 493
    2019-02-01 $199,900 (1.1%) $270,798 (1.4%) 0.67 486
    2019-03-01 $199,900 (-2.5%) $272,635 (-1.1%) 0.64 501
    2019-04-01 $199,900 (-5.9%) $274,269 (-1.7%) 0.62 508
    2019-05-01 $199,900 (-8.9%) $280,083 (-2.0%) 0.61 484
    2019-06-01 $199,900 (-9.1%) $279,934 (-2.2%) 0.62 500
    2019-07-01 $209,900 (-4.6%) $277,892 (-2.6%) 0.66 519
    2019-08-01 $196,082 (-6.4%) $271,509 (-2.1%) 0.62 520
    2019-09-01 $190,355 (-4.7%) $263,291 (-0.9%) 0.60 510
    2019-10-01 $186,700 (-6.6%) $257,371 (-2.5%) 0.59 498
    2019-11-01 $187,700 (-3.8%) $252,508 (-4.2%) 0.61 489
    2019-12-01 $194,925 (-1.4%) $253,968 (-3.9%) 0.64 456
    2020-01-01 $192,950 (-2.5%) $254,453 (-3.9%) 0.64 427
    2020-02-01 $195,450 (-2.2%) $258,809 (-4.4%) 0.64 428
    2020-03-01 $199,575 (-0.2%) $264,824 (-2.9%) 0.62 396
    2020-04-01 $199,250 (-0.3%) $264,075 (-3.7%) 0.62 405
    2020-05-01 $216,000 (8.1%) $277,744 (-0.8%) 0.65 368
    2020-06-01 $224,575 (12.3%) $278,789 (-0.4%) 0.65 355
    2020-07-01 $238,075 (13.4%) $282,918 (1.8%) 0.69 323
    2020-08-01 $258,500 (31.8%) $301,219 (10.9%) 0.73 284
    2020-09-01 $259,450 (36.3%) $308,382 (17.1%) 0.72 288
    2020-10-01 $239,450 (28.3%) $316,503 (23.0%) 0.68 302
    2020-11-01 $239,000 (27.3%) $321,322 (27.3%) 0.68 285
    2020-12-01 $239,350 (22.8%) $336,851 (32.6%) 0.70 261
    2021-01-01 $232,000 (20.2%) $351,569 (38.2%) 0.69 227
    2021-02-01 $239,315 (22.4%) $357,525 (38.1%) 0.67 210
    2021-03-01 $242,900 (21.7%) $365,711 (38.1%) 0.68 202
    2021-04-01 $249,700 (25.3%) $390,477 (47.9%) 0.67 186
    2021-05-01 $270,950 (25.4%) $416,547 (50.0%) 0.71 189
    2021-06-01 $275,950 (22.9%) $429,606 (54.1%) 0.71 172
    2021-07-01 $239,900 (0.8%) $385,460 (36.2%) 0.63 197
    2021-08-01 $239,200 (-7.5%) $350,306 (16.3%) 0.63 235
    2021-09-01 $241,950 (-6.8%) $346,532 (12.4%) 0.63 232
    2021-10-01 $228,000 (-4.8%) $324,038 (2.4%) 0.60 225
    2021-11-01 $228,450 (-4.4%) $316,601 (-1.5%) 0.60 225
    2021-12-01 $221,500 (-7.5%) $316,687 (-6.0%) 0.56 204
    2022-01-01 $232,500 (0.2%) $358,284 (1.9%) 0.61 167
    2022-02-01 $241,700 (1.0%) $406,155 (13.6%) 0.62 134
    2022-03-01 $251,000 (3.3%) $402,538 (10.1%) 0.62 138
    2022-04-01 $295,000 (18.1%) $418,439 (7.2%) 0.70 138
    2022-05-01 $299,900 (10.7%) $411,556 (-1.2%) 0.69 186
    2022-06-01 $298,250 (8.1%) $387,985 (-9.7%) 0.67 212
    2022-07-01 $295,000 (23.0%) $360,777 (-6.4%) 0.66 261
    2022-08-01 $281,075 (17.5%) $326,995 (-6.7%) 0.65 279
    2022-09-01 $284,500 (17.6%) $341,714 (-1.4%) 0.65 258
    2022-10-01 $299,900 (31.5%) $353,754 (9.2%) 0.70 259
    2022-11-01 $298,175 (30.5%) $347,033 (9.6%) 0.70 258
    2022-12-01 $289,900 (30.9%) $343,419 (8.4%) 0.69 279
    2023-01-01 $289,500 (24.5%) $338,592 (-5.5%) 0.70 267
    2023-02-01 $299,225 (23.8%) $365,888 (-9.9%) 0.72 251
    2023-03-01 $297,975 (18.7%) $348,793 (-13.4%) 0.70 234
    2023-04-01 $290,000 (-1.7%) $356,210 (-14.9%) 0.67 242
    2023-05-01 $292,350 (-2.5%) $376,806 (-8.4%) 0.66 242
    2023-06-01 $299,900 (0.6%) $374,879 (-3.4%) 0.67 274
    2023-07-01 $299,450 (1.5%) $371,940 (3.1%) 0.67 292
    2023-08-01 $298,625 (6.2%) $371,282 (13.5%) 0.68 286
    2023-09-01 $289,900 (1.9%) $359,297 (5.2%) 0.67 305
    2023-10-01 $285,000 (-5.0%) $355,587 (0.5%) 0.67 324
    2023-11-01 $282,500 (-5.3%) $374,512 (7.9%) 0.67 346
    2023-12-01 $274,900 (-5.2%) $377,406 (9.9%) 0.67 350
    2024-01-01 $284,475 (-1.7%) $387,113 (14.3%) 0.69 341
    2024-02-01 $291,950 (-2.4%) $387,957 (6.0%) 0.70 335
    2024-03-01 $300,000 (0.7%) $403,690 (15.7%) 0.70 339
    2024-04-01 $321,400 (10.8%) $398,542 (11.9%) 0.73 363
    2024-05-01 $310,700 (6.3%) $384,397 (2.0%) 0.68 396
    2024-06-01 $314,950 (5.0%) $387,100 (3.3%) 0.69 405
    2024-07-01 $317,400 (6.0%) $394,239 (6.0%) 0.71 412
    2024-08-01 $316,495 (6.0%) $397,978 (7.2%) 0.72 448
    2024-09-01 $319,995 (10.4%) $412,700 (14.9%) 0.73 461
    2024-10-01 $319,900 (12.3%) $407,018 (14.5%) 0.71 461
    2024-11-01 $314,900 (11.5%) $397,072 (6.0%) 0.72 454
    2024-12-01 $309,900 (12.7%) $403,618 (7.0%) 0.75 431
    2025-01-01 $306,250 (7.7%) $410,123 (5.9%) 0.00 403
    Hattiesburg's median listing price for 2025-01-01 was $306,250, a difference of $21,775 (7.7%) versus the prior year and $-3,650 versus the prior month.

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

    Hattiesburg's average listing price for 2025-01-01 was $410,123, a difference of $23,010 (5.9%) versus the prior year and $6,505 versus the prior month.

    For the 2025-01-01 period, Hattiesburg had 403 MLS listings, a difference of -28 listings (-6%) versus the prior month and 62 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hattiesburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 95 days 1,985 sqft
    2018-02-01 88 days 2,020 sqft
    2018-03-01 61 days 2,103 sqft
    2018-04-01 59 days 2,127 sqft
    2018-05-01 68 days 2,158 sqft
    2018-06-01 72 days 2,188 sqft
    2018-07-01 71 days 2,154 sqft
    2018-08-01 75 days 2,115 sqft
    2018-09-01 78 days 2,059 sqft
    2018-10-01 81 days 2,066 sqft
    2018-11-01 83 days 2,077 sqft
    2018-12-01 95 days 2,072 sqft
    2019-01-01 92 days 2,033 sqft
    2019-02-01 91 days 2,016 sqft
    2019-03-01 73 days 2,057 sqft
    2019-04-01 61 days 2,103 sqft
    2019-05-01 62 days 2,138 sqft
    2019-06-01 64 days 2,147 sqft
    2019-07-01 66 days 2,166 sqft
    2019-08-01 68 days 2,142 sqft
    2019-09-01 68 days 2,070 sqft
    2019-10-01 71 days 2,021 sqft
    2019-11-01 75 days 2,010 sqft
    2019-12-01 81 days 1,977 sqft
    2020-01-01 80 days 1,979 sqft
    2020-02-01 78 days 1,953 sqft
    2020-03-01 62 days 1,993 sqft
    2020-04-01 64 days 1,978 sqft
    2020-05-01 67 days 2,032 sqft
    2020-06-01 68 days 2,054 sqft
    2020-07-01 64 days 2,053 sqft
    2020-08-01 57 days 2,211 sqft
    2020-09-01 56 days 2,187 sqft
    2020-10-01 52 days 2,132 sqft
    2020-11-01 59 days 2,162 sqft
    2020-12-01 66 days 2,094 sqft
    2021-01-01 69 days 2,061 sqft
    2021-02-01 54 days 2,083 sqft
    2021-03-01 46 days 2,065 sqft
    2021-04-01 44 days 2,174 sqft
    2021-05-01 43 days 2,244 sqft
    2021-06-01 44 days 2,368 sqft
    2021-07-01 37 days 2,136 sqft
    2021-08-01 37 days 2,021 sqft
    2021-09-01 45 days 1,980 sqft
    2021-10-01 50 days 1,906 sqft
    2021-11-01 55 days 1,905 sqft
    2021-12-01 60 days 1,767 sqft
    2022-01-01 64 days 1,823 sqft
    2022-02-01 62 days 2,024 sqft
    2022-03-01 33 days 2,151 sqft
    2022-04-01 35 days 2,183 sqft
    2022-05-01 25 days 2,158 sqft
    2022-06-01 32 days 2,093 sqft
    2022-07-01 34 days 2,100 sqft
    2022-08-01 48 days 2,058 sqft
    2022-09-01 58 days 2,177 sqft
    2022-10-01 58 days 2,191 sqft
    2022-11-01 62 days 2,171 sqft
    2022-12-01 64 days 2,102 sqft
    2023-01-01 65 days 2,110 sqft
    2023-02-01 66 days 2,184 sqft
    2023-03-01 53 days 2,147 sqft
    2023-04-01 46 days 2,074 sqft
    2023-05-01 44 days 2,029 sqft
    2023-06-01 41 days 2,058 sqft
    2023-07-01 50 days 2,056 sqft
    2023-08-01 58 days 2,088 sqft
    2023-09-01 51 days 2,011 sqft
    2023-10-01 52 days 2,002 sqft
    2023-11-01 56 days 2,010 sqft
    2023-12-01 61 days 1,928 sqft
    2024-01-01 67 days 1,931 sqft
    2024-02-01 63 days 1,992 sqft
    2024-03-01 49 days 2,040 sqft
    2024-04-01 46 days 2,120 sqft
    2024-05-01 43 days 2,049 sqft
    2024-06-01 54 days 2,029 sqft
    2024-07-01 58 days 2,063 sqft
    2024-08-01 58 days 2,047 sqft
    2024-09-01 63 days 2,110 sqft
    2024-10-01 68 days 2,078 sqft
    2024-11-01 72 days 2,054 sqft
    2024-12-01 79 days 2,076 sqft
    2025-01-01 0 days 2,066 sqft
    Hattiesburg's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Hattiesburg's median square footage for active listings during the 2025-01-01 period was 2,066 sqft. One year prior, the average listing was 1,931 sqft.