Hattiesburg USDA Loans

HATTIESBURG, 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.

Hattiesburg's 45 lenders originated 267 USDA loans during 2021. The total origination value was $45,515,000, with an average USDA loan value of $170,468.

Hattiesburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Hattiesburg averaged 5.14% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.07% and one month ago for the week of 2022-04-08, the average rate was 4.73%.

The average rate one year ago was 2.95%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.12%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hattiesburg level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Trustmark National Bank 31 2.72% $4,972
LOANDEPOT.COM, LLC 29 3.06% $5,072
CALIBER HOME LOANS, INC. 19 2.88% $5,648
ACADEMY MORTGAGE CORPORATION 14 3.09% $7,363
Community Bank of Mississippi 11 2.74% $3,352
Paramount Residential Mortgage Group, Inc. 11 2.85% $4,985
Regions Bank 10 3.00% $3,715
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 3.25% $4,739
Hancock Whitney Bank 9 2.54% $5,166
HOME POINT FINANCIAL CORPORATION 6 2.96% $5,042
FIDELITY BANK 6 3.10% $4,894
BancorpSouth Bank 5 2.73% $5,037
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.15% $6,926
Carrington Mortgage Services, LLC 4 4.00% $6,081
Renasant Bank 4 3.13% $4,353
Flagstar Bank, FSB 4 2.41% $5,364
GMFS LLC 4 2.72% $5,162
Grand Bank for Savings, FSB 3 2.33% $2,916
OPEN MORTGAGE, LLC 3 3.29% $6,439
KEESLER 3 3.00% $4,580
FIRST COMMUNITY MORTGAGE, INC. 3 3.21% $5,102
UNITED WHOLESALE MORTGAGE, LLC 2 2.94% $6,019
GUILD MORTGAGE COMPANY 2 2.56% $5,472
NEWREZ LLC 2 2.75% $4,742
Bank of England 2 3.00% $5,436
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.31% $7,879
CMG MORTGAGE, INC. 2 2.75% $8,132
STOCKTON MORTGAGE CORPORATION 2 3.19% $6,420
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.38% $4,881
UNION HOME MORTGAGE CORP. 1 2.75% $5,479
MID AMERICA MORTGAGE, INC. 1 3.50% $3,063
EVERETT FINANCIAL, INC. 1 3.88% $2,202
COMMUNITY MORTGAGE CORPORATION 1 2.25% $5,398
First Horizon Bank 1 2.75% $5,080
INTERLINC MORTGAGE SERVICES, LLC 1 3.25% $4,544
Austin Capital Bank SSB 1 2.75% $4,914
Magnolia Bank 1 3.25% $5,370
EVANSVILLE TEACHERS 1 2.88% $4,955
MORTGAGE INVESTORS GROUP, INC. 1 2.88% $6,046
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $6,169
ANGEL OAK HOME LOANS LLC 1 3.00% $5,666
PERFORMANCE MORTGAGE LLC 1 3.88% $5,183
PLANET HOME LENDING, LLC 1 2.88% $5,913
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.75% $4,043
AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.00% $3,923

The top Hattiesburg USDA lender as defined by loan originations is Trustmark National Bank, with 31 USDA loans originated. Their average total fees are $4,972, which is $100 lower than the next largest lender, LOANDEPOT.COM, LLC.

The lowest fee Hattiesburg USDA lenders (with over 10 loans originated) are Community Bank of Mississippi ($3,352), Regions Bank ($3,715), Trustmark National Bank ($4,972), Paramount Residential Mortgage Group, Inc. ($4,985) and LOANDEPOT.COM, LLC ($5,072).

The lowest rate Hattiesburg USDA lenders (with over 10 loans originated) are Trustmark National Bank (2.72%), Community Bank of Mississippi (2.74%), Paramount Residential Mortgage Group, Inc. (2.85%), CALIBER HOME LOANS, INC. (2.88%) and Regions Bank (3.00%).


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 $186,750 (5.5%) $255,569 (10.2%) 0.69 528
2018-02-01 $194,950 (10.3%) $262,350 (8.6%) 0.70 517
2018-03-01 $200,000 (11.3%) $271,931 (8.2%) 0.69 542
2018-04-01 $208,250 (12.6%) $276,467 (7.6%) 0.70 581
2018-05-01 $219,450 (20.3%) $283,752 (9.3%) 0.73 576
2018-06-01 $219,900 (17.3%) $284,487 (10.0%) 0.73 592
2018-07-01 $219,200 (15.4%) $282,292 (12.3%) 0.73 630
2018-08-01 $211,950 (11.9%) $275,112 (9.9%) 0.71 609
2018-09-01 $199,750 (5.2%) $262,523 (4.1%) 0.67 605
2018-10-01 $199,900 (3.0%) $265,012 (3.2%) 0.67 587
2018-11-01 $194,900 (3.1%) $263,035 (5.5%) 0.65 580
2018-12-01 $197,500 (4.0%) $264,265 (3.6%) 0.68 553
2019-01-01 $197,500 (5.8%) $263,683 (3.2%) 0.68 522
2019-02-01 $203,000 (4.1%) $271,124 (3.3%) 0.68 516
2019-03-01 $199,729 (-0.1%) $274,661 (1.0%) 0.65 528
2019-04-01 $199,529 (-4.2%) $275,041 (-0.5%) 0.63 535
2019-05-01 $199,700 (-9.0%) $280,241 (-1.2%) 0.62 502
2019-06-01 $199,900 (-9.1%) $279,451 (-1.8%) 0.62 513
2019-07-01 $207,450 (-5.4%) $275,051 (-2.6%) 0.64 535
2019-08-01 $197,357 (-6.9%) $268,164 (-2.5%) 0.62 534
2019-09-01 $190,200 (-4.8%) $259,053 (-1.3%) 0.60 522
2019-10-01 $183,200 (-8.4%) $251,533 (-5.1%) 0.58 525
2019-11-01 $184,900 (-5.1%) $248,548 (-5.5%) 0.60 505
2019-12-01 $189,900 (-3.9%) $247,954 (-6.2%) 0.63 483
2020-01-01 $189,900 (-3.9%) $247,865 (-6.0%) 0.63 459
2020-02-01 $191,000 (-5.9%) $251,524 (-7.2%) 0.62 447
2020-03-01 $194,900 (-2.4%) $256,534 (-6.6%) 0.61 419
2020-04-01 $192,450 (-3.6%) $256,442 (-6.8%) 0.60 432
2020-05-01 $205,000 (2.7%) $269,957 (-3.7%) 0.62 387
2020-06-01 $219,400 (9.8%) $271,187 (-3.0%) 0.64 362
2020-07-01 $234,250 (12.9%) $275,729 (0.3%) 0.67 332
2020-08-01 $255,000 (29.2%) $298,578 (11.3%) 0.73 288
2020-09-01 $259,450 (36.4%) $304,003 (17.4%) 0.74 296
2020-10-01 $236,900 (29.3%) $307,904 (22.4%) 0.68 311
2020-11-01 $239,200 (29.4%) $318,767 (28.3%) 0.68 291
2020-12-01 $237,700 (25.2%) $326,252 (31.6%) 0.70 269
2021-01-01 $229,500 (20.9%) $333,796 (34.7%) 0.68 230
2021-02-01 $239,230 (25.3%) $337,961 (34.4%) 0.69 214
2021-03-01 $243,450 (24.9%) $352,983 (37.6%) 0.68 207
2021-04-01 $249,900 (29.9%) $377,726 (47.3%) 0.67 190
2021-05-01 $269,900 (31.7%) $420,350 (55.7%) 0.71 187
2021-06-01 $279,150 (27.2%) $430,468 (58.7%) 0.73 172
2021-07-01 $249,900 (6.7%) $391,928 (42.1%) 0.65 192
2021-08-01 $241,400 (-5.3%) $350,393 (17.4%) 0.63 245
2021-09-01 $244,000 (-6.0%) $345,825 (13.8%) 0.64 245
2021-10-01 $228,900 (-3.4%) $337,169 (9.5%) 0.60 242
2021-11-01 $229,450 (-4.1%) $315,615 (-1.0%) 0.60 235
2021-12-01 $223,000 (-6.2%) $311,959 (-4.4%) 0.59 215
2022-01-01 $229,900 (0.2%) $353,110 (5.8%) 0.61 179
2022-02-01 $253,950 (6.2%) $409,648 (21.2%) 0.65 146
2022-03-01 $257,500 (5.8%) $405,809 (15.0%) 0.64 147
2022-04-01 $299,000 (19.7%) $415,784 (10.1%) 0.70 149
Hattiesburg's median listing price for 2022-04-01 was $299,000, a difference of $49,100 (19.7%) versus the prior year and $41,500 versus the prior month.

Hattiesburg's median listing price comes in at 70% of the national average.

Hattiesburg's average listing price for 2022-04-01 was $415,784, a difference of $38,058 (10.1%) versus the prior year and $9,975 versus the prior month.

For the 2022-04-01 period, Hattiesburg had 149 MLS listings, a difference of 2 listings (1%) versus the prior month and -41 listings (-22%) 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
2018-01-01 101 days 1,998 sqft
2018-02-01 96 days 2,036 sqft
2018-03-01 69 days 2,120 sqft
2018-04-01 60 days 2,196 sqft
2018-05-01 71 days 2,187 sqft
2018-06-01 74 days 2,235 sqft
2018-07-01 74 days 2,204 sqft
2018-08-01 78 days 2,165 sqft
2018-09-01 78 days 2,130 sqft
2018-10-01 81 days 2,102 sqft
2018-11-01 83 days 2,117 sqft
2018-12-01 94 days 2,132 sqft
2019-01-01 96 days 2,049 sqft
2019-02-01 99 days 2,049 sqft
2019-03-01 68 days 2,081 sqft
2019-04-01 64 days 2,111 sqft
2019-05-01 67 days 2,223 sqft
2019-06-01 69 days 2,251 sqft
2019-07-01 72 days 2,235 sqft
2019-08-01 78 days 2,236 sqft
2019-09-01 74 days 2,186 sqft
2019-10-01 72 days 2,079 sqft
2019-11-01 77 days 2,041 sqft
2019-12-01 80 days 2,027 sqft
2020-01-01 80 days 2,041 sqft
2020-02-01 79 days 2,001 sqft
2020-03-01 63 days 2,059 sqft
2020-04-01 63 days 2,008 sqft
2020-05-01 73 days 2,131 sqft
2020-06-01 72 days 2,195 sqft
2020-07-01 65 days 2,183 sqft
2020-08-01 61 days 2,359 sqft
2020-09-01 58 days 2,267 sqft
2020-10-01 52 days 2,178 sqft
2020-11-01 60 days 2,238 sqft
2020-12-01 65 days 2,189 sqft
2021-01-01 70 days 2,077 sqft
2021-02-01 58 days 2,034 sqft
2021-03-01 48 days 2,125 sqft
2021-04-01 41 days 2,211 sqft
2021-05-01 46 days 2,275 sqft
2021-06-01 44 days 2,383 sqft
2021-07-01 37 days 2,290 sqft
2021-08-01 37 days 2,089 sqft
2021-09-01 45 days 2,043 sqft
2021-10-01 51 days 1,957 sqft
2021-11-01 54 days 1,940 sqft
2021-12-01 63 days 1,845 sqft
2022-01-01 68 days 1,950 sqft
2022-02-01 68 days 2,247 sqft
2022-03-01 35 days 2,147 sqft
2022-04-01 37 days 2,183 sqft
Hattiesburg's median listing age (time on market) for 2022-04-01 was 37 days. This is -10% shorter than the same period one year ago.

Hattiesburg's median square footage for active listings during the 2022-04-01 period was 2,183 sqft. One year prior, the average listing was 2,211 sqft.