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 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 0.15% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.55% and one month ago for the week of 2024-10-25, the average rate was 6.25%.

The average rate one year ago was 7.15%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.04%.

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 (11.2%) $258,451 (12.1%) 0.72 540
2018-02-01 $198,000 (13.2%) $264,700 (10.3%) 0.72 536
2018-03-01 $204,900 (14.2%) $272,139 (8.7%) 0.72 567
2018-04-01 $209,750 (15.1%) $276,093 (6.3%) 0.71 600
2018-05-01 $219,000 (22.0%) $281,836 (7.9%) 0.73 593
2018-06-01 $219,000 (20.0%) $281,976 (8.6%) 0.73 621
2018-07-01 $214,900 (13.2%) $279,985 (10.9%) 0.72 646
2018-08-01 $206,875 (11.8%) $272,457 (9.2%) 0.69 622
2018-09-01 $199,500 (6.1%) $262,253 (3.6%) 0.67 613
2018-10-01 $199,500 (3.9%) $259,391 (0.5%) 0.68 599
2018-11-01 $189,950 (0.8%) $259,480 (3.5%) 0.64 579
2018-12-01 $195,000 (2.6%) $259,916 (1.3%) 0.67 552
2019-01-01 $195,000 (0.3%) $258,478 (0.0%) 0.67 527
2019-02-01 $199,445 (0.7%) $266,038 (0.5%) 0.67 517
2019-03-01 $196,143 (-4.3%) $267,957 (-1.5%) 0.64 531
2019-04-01 $195,143 (-7.0%) $269,573 (-2.4%) 0.62 540
2019-05-01 $196,600 (-10.2%) $274,309 (-2.7%) 0.61 515
2019-06-01 $199,900 (-8.7%) $276,538 (-1.9%) 0.62 534
2019-07-01 $209,900 (-2.3%) $276,293 (-1.3%) 0.66 558
2019-08-01 $195,536 (-5.5%) $269,001 (-1.3%) 0.62 564
2019-09-01 $188,991 (-5.3%) $259,839 (-0.9%) 0.60 556
2019-10-01 $184,225 (-7.7%) $253,295 (-2.4%) 0.59 546
2019-11-01 $185,900 (-2.1%) $249,271 (-3.9%) 0.61 532
2019-12-01 $192,700 (-1.2%) $251,445 (-3.3%) 0.64 497
2020-01-01 $190,200 (-2.5%) $250,463 (-3.1%) 0.64 466
2020-02-01 $194,900 (-2.3%) $253,245 (-4.8%) 0.64 466
2020-03-01 $198,725 (1.3%) $257,156 (-4.0%) 0.62 430
2020-04-01 $198,125 (1.5%) $260,083 (-3.5%) 0.62 440
2020-05-01 $214,750 (9.2%) $274,360 (0.0%) 0.65 390
2020-06-01 $219,900 (10.0%) $276,264 (-0.1%) 0.65 378
2020-07-01 $237,450 (13.1%) $282,931 (2.4%) 0.69 342
2020-08-01 $254,950 (30.4%) $299,200 (11.2%) 0.73 307
2020-09-01 $249,925 (32.2%) $301,290 (16.0%) 0.72 315
2020-10-01 $237,000 (28.7%) $311,821 (23.1%) 0.68 322
2020-11-01 $233,875 (25.8%) $321,232 (28.9%) 0.68 303
2020-12-01 $234,475 (21.7%) $334,726 (33.1%) 0.70 276
2021-01-01 $229,700 (20.8%) $343,165 (37.0%) 0.69 245
2021-02-01 $230,000 (18.0%) $346,881 (37.0%) 0.67 230
2021-03-01 $239,575 (20.6%) $355,631 (38.3%) 0.68 220
2021-04-01 $247,250 (24.8%) $383,790 (47.6%) 0.67 195
2021-05-01 $269,000 (25.3%) $410,176 (49.5%) 0.71 199
2021-06-01 $270,950 (23.2%) $429,289 (55.4%) 0.71 181
2021-07-01 $239,250 (0.8%) $379,301 (34.1%) 0.63 211
2021-08-01 $235,000 (-7.8%) $347,586 (16.2%) 0.63 246
2021-09-01 $235,875 (-5.6%) $343,562 (14.0%) 0.63 243
2021-10-01 $224,900 (-5.1%) $322,730 (3.5%) 0.60 238
2021-11-01 $222,975 (-4.7%) $312,363 (-2.8%) 0.60 237
2021-12-01 $206,650 (-11.9%) $310,792 (-7.2%) 0.56 217
2022-01-01 $226,450 (-1.4%) $349,794 (1.9%) 0.61 177
2022-02-01 $238,653 (3.8%) $393,242 (13.4%) 0.62 145
2022-03-01 $248,500 (3.7%) $389,513 (9.5%) 0.62 150
2022-04-01 $293,250 (18.6%) $406,989 (6.0%) 0.70 150
2022-05-01 $300,400 (11.7%) $412,085 (0.5%) 0.69 196
2022-06-01 $299,050 (10.4%) $395,672 (-7.8%) 0.67 224
2022-07-01 $295,000 (23.3%) $364,514 (-3.9%) 0.66 277
2022-08-01 $279,600 (19.0%) $330,691 (-4.9%) 0.65 296
2022-09-01 $279,900 (18.7%) $340,706 (-0.8%) 0.65 276
2022-10-01 $298,500 (32.7%) $350,801 (8.7%) 0.70 280
2022-11-01 $290,100 (30.1%) $346,915 (11.1%) 0.70 283
2022-12-01 $279,150 (35.1%) $344,616 (10.9%) 0.69 303
2023-01-01 $282,000 (24.5%) $339,762 (-2.9%) 0.70 287
2023-02-01 $298,550 (25.1%) $367,587 (-6.5%) 0.72 270
2023-03-01 $297,125 (19.6%) $354,292 (-9.0%) 0.70 250
2023-04-01 $290,000 (-1.1%) $358,125 (-12.0%) 0.67 263
2023-05-01 $289,950 (-3.5%) $369,034 (-10.5%) 0.66 262
2023-06-01 $297,950 (-0.4%) $368,712 (-6.8%) 0.67 293
2023-07-01 $295,000 (0.0%) $365,509 (0.3%) 0.67 311
2023-08-01 $296,250 (6.0%) $367,129 (11.0%) 0.68 303
2023-09-01 $289,000 (3.3%) $353,869 (3.9%) 0.67 322
2023-10-01 $285,000 (-4.5%) $353,560 (0.8%) 0.67 339
2023-11-01 $281,500 (-3.0%) $372,109 (7.3%) 0.67 362
2023-12-01 $274,900 (-1.5%) $376,550 (9.3%) 0.67 363
2024-01-01 $282,300 (0.1%) $384,101 (13.1%) 0.69 359
2024-02-01 $289,750 (-3.0%) $383,523 (4.3%) 0.70 357
2024-03-01 $298,000 (0.3%) $399,070 (12.6%) 0.70 353
2024-04-01 $314,950 (8.6%) $394,380 (10.1%) 0.73 382
2024-05-01 $300,725 (3.7%) $379,212 (2.8%) 0.68 416
2024-06-01 $307,000 (3.0%) $378,891 (2.8%) 0.69 425
2024-07-01 $309,375 (4.9%) $386,866 (5.8%) 0.71 431
2024-08-01 $308,250 (4.1%) $391,044 (6.5%) 0.72 471
2024-09-01 $309,250 (7.0%) $403,176 (13.9%) 0.73 487
2024-10-01 $302,250 (6.1%) $396,870 (12.3%) 0.71 491
Hattiesburg's median listing price for 2024-10-01 was $302,250, a difference of $17,250 (6.1%) versus the prior year and $-7,000 versus the prior month.

Hattiesburg's median listing price comes in at 71% of the national average.

Hattiesburg's average listing price for 2024-10-01 was $396,870, a difference of $43,310 (12.3%) versus the prior year and $-6,306 versus the prior month.

For the 2024-10-01 period, Hattiesburg had 491 MLS listings, a difference of 4 listings (1%) versus the prior month and 152 listings (45%) 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 2,003 sqft
2018-02-01 88 days 2,024 sqft
2018-03-01 61 days 2,107 sqft
2018-04-01 59 days 2,138 sqft
2018-05-01 68 days 2,172 sqft
2018-06-01 72 days 2,200 sqft
2018-07-01 71 days 2,155 sqft
2018-08-01 75 days 2,129 sqft
2018-09-01 78 days 2,097 sqft
2018-10-01 81 days 2,071 sqft
2018-11-01 83 days 2,075 sqft
2018-12-01 95 days 2,072 sqft
2019-01-01 92 days 2,036 sqft
2019-02-01 91 days 2,027 sqft
2019-03-01 73 days 2,069 sqft
2019-04-01 61 days 2,107 sqft
2019-05-01 62 days 2,137 sqft
2019-06-01 64 days 2,160 sqft
2019-07-01 66 days 2,182 sqft
2019-08-01 68 days 2,156 sqft
2019-09-01 68 days 2,091 sqft
2019-10-01 71 days 2,044 sqft
2019-11-01 75 days 2,016 sqft
2019-12-01 81 days 1,999 sqft
2020-01-01 80 days 2,000 sqft
2020-02-01 78 days 1,977 sqft
2020-03-01 62 days 2,008 sqft
2020-04-01 64 days 1,996 sqft
2020-05-01 67 days 2,076 sqft
2020-06-01 68 days 2,143 sqft
2020-07-01 64 days 2,135 sqft
2020-08-01 57 days 2,265 sqft
2020-09-01 56 days 2,206 sqft
2020-10-01 52 days 2,141 sqft
2020-11-01 59 days 2,174 sqft
2020-12-01 66 days 2,110 sqft
2021-01-01 69 days 2,089 sqft
2021-02-01 54 days 2,090 sqft
2021-03-01 46 days 2,076 sqft
2021-04-01 44 days 2,212 sqft
2021-05-01 43 days 2,256 sqft
2021-06-01 44 days 2,303 sqft
2021-07-01 37 days 2,100 sqft
2021-08-01 37 days 2,019 sqft
2021-09-01 45 days 1,969 sqft
2021-10-01 50 days 1,910 sqft
2021-11-01 55 days 1,910 sqft
2021-12-01 60 days 1,795 sqft
2022-01-01 64 days 1,852 sqft
2022-02-01 62 days 2,048 sqft
2022-03-01 33 days 2,148 sqft
2022-04-01 35 days 2,200 sqft
2022-05-01 25 days 2,171 sqft
2022-06-01 32 days 2,170 sqft
2022-07-01 34 days 2,151 sqft
2022-08-01 48 days 2,097 sqft
2022-09-01 58 days 2,232 sqft
2022-10-01 58 days 2,276 sqft
2022-11-01 62 days 2,175 sqft
2022-12-01 64 days 2,103 sqft
2023-01-01 65 days 2,142 sqft
2023-02-01 66 days 2,186 sqft
2023-03-01 53 days 2,156 sqft
2023-04-01 46 days 2,100 sqft
2023-05-01 44 days 2,078 sqft
2023-06-01 41 days 2,061 sqft
2023-07-01 50 days 2,056 sqft
2023-08-01 58 days 2,091 sqft
2023-09-01 51 days 2,005 sqft
2023-10-01 52 days 2,002 sqft
2023-11-01 56 days 2,004 sqft
2023-12-01 61 days 1,913 sqft
2024-01-01 67 days 1,911 sqft
2024-02-01 63 days 1,980 sqft
2024-03-01 49 days 2,040 sqft
2024-04-01 46 days 2,147 sqft
2024-05-01 43 days 2,101 sqft
2024-06-01 54 days 2,040 sqft
2024-07-01 58 days 2,054 sqft
2024-08-01 58 days 2,074 sqft
2024-09-01 63 days 2,113 sqft
2024-10-01 68 days 2,065 sqft
Hattiesburg's median listing age (time on market) for 2024-10-01 was 68 days. This is 31% longer than the same period one year ago.

Hattiesburg's median square footage for active listings during the 2024-10-01 period was 2,065 sqft. One year prior, the average listing was 2,002 sqft.