Hattiesburg USDA Loans

HATTIESBURG, MS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.