Hattiesburg USDA Loan Rates, Closing Costs & Stats

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 29 lenders originated 79 USDA loans during 2024. The total origination value was $14,885,000, with an average USDA loan value of $188,418.

Hattiesburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Hattiesburg averaged -0.13% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Hattiesburg's average USDA mortgage closing costs are $5,084.

The average rate for the prior week (2025-06-13) was 6.57% and one month ago for the week of 2025-05-16, the average rate was 6.64%.

The average rate one year ago was 6.76%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.34%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Regions Bank 11 6.24% $6,198
FIRST COLONY MORTGAGE CORPORATION 9 6.00% $8,929
Merchants & Marine Bank 5 6.15% $7,076
Trustmark National Bank 4 6.27% $6,238
GMFS LLC 4 6.06% $6,921
Paramount Residential Mortgage Group, Inc. 4 6.00% $9,221
Princeton Mortgage Corporation 3 7.00% $5,717
STOCKTON MORTGAGE CORPORATION 3 6.48% $6,866
BankPlus 2 6.56% $3,599
GUARANTEED RATE, INC. 2 6.36% $6,058
Hancock Whitney Bank 2 6.31% $6,017
LOANDEPOT.COM, LLC 1 6.25% $5,945
OPEN MORTGAGE, LLC 1 6.75% $10,880
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $7,556
Residential Acceptance Corporation 1 7.13% $11,816
TOWNE MORTGAGE COMPANY 1 5.99% $5,828
UNION HOME MORTGAGE CORP. 1 5.13% $9,627
AMERITRUST MORTGAGE CORPORATION 1 6.25% $12,207
UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $6,137
Assurance Financial Group, L.L.C. 1 6.62% $5,940
BancorpSouth 1 5.88% $6,402
BROKER SOLUTIONS, INC. 1 5.88% $11,528
CMG MORTGAGE, INC. 1 6.25% $7,446
Community Bank of Mississippi 1 6.13% $6,084
Equity Prime Mortgage LLC 1 7.38% $7,484
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.29% $9,382
FIDELITY BANK 1 6.63% $9,796
Grand Bank for Savings, FSB 1 6.00% $5,615
GUILD MORTGAGE COMPANY 1 6.38% $6,679

The top Hattiesburg USDA lender as defined by loan originations is Regions Bank, with 11 USDA loans originated. Their average total fees are $6,198, which is $2,731 lower than the next largest lender, FIRST COLONY MORTGAGE CORPORATION.

The lowest fee Hattiesburg USDA lenders (with over 10 loans originated) are Regions Bank ($6,198), .

The lowest rate Hattiesburg USDA lenders (with over 10 loans originated) are Regions Bank (6.24%), .