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 7.01% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.67% and one month ago for the week of 2024-03-15, the average rate was 6.35%.

    The average rate one year ago was 6.19%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.83%.

    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
    Hattiesburg's median listing price for 2024-03-01 was $298,000, a difference of $875 (0.3%) versus the prior year and $8,250 versus the prior month.

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

    Hattiesburg's average listing price for 2024-03-01 was $399,070, a difference of $44,778 (12.6%) versus the prior year and $15,547 versus the prior month.

    For the 2024-03-01 period, Hattiesburg had 353 MLS listings, a difference of -4 listings (-1%) versus the prior month and 103 listings (41%) 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 1,977 sqft
    2024-03-01 49 days 2,040 sqft
    Hattiesburg's median listing age (time on market) for 2024-03-01 was 49 days. This is -7% shorter than the same period one year ago.

    Hattiesburg's median square footage for active listings during the 2024-03-01 period was 2,040 sqft. One year prior, the average listing was 2,156 sqft.