Jackson USDA Loan Rates, Closing Costs & Stats

JACKSON, 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.

    Jackson's 36 lenders originated 174 USDA loans during 2024. The total origination value was $39,180,000, with an average USDA loan value of $225,172.

    Jackson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jackson averaged 0.06% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

    Jackson's average USDA mortgage closing costs are $5,257.

    The average rate for the prior week (2025-06-13) was 6.46% and one month ago for the week of 2025-05-16, the average rate was 6.62%.

    The average rate one year ago was 6.94%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.19%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Jackson 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 Jackson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    American Mortgage Bank, LLC 26 6.52% $8,531
    Trustmark National Bank 16 6.14% $6,181
    GUILD MORTGAGE COMPANY 11 6.20% $6,780
    PLANET HOME LENDING, LLC 10 6.65% $8,746
    BancorpSouth 9 6.23% $7,099
    Magnolia Bank 8 6.54% $6,357
    BankPlus 8 6.08% $5,255
    Renasant Bank 6 6.10% $7,159
    UNITED WHOLESALE MORTGAGE, LLC 6 6.56% $6,973
    Community Bank of Mississippi 6 6.35% $2,955
    OPEN MORTGAGE, LLC 5 7.08% $7,011
    Origin Bank 4 6.16% $5,752
    MORTGAGE INVESTORS GROUP, INC. 4 6.15% $8,159
    Hancock Whitney Bank 3 6.17% $6,783
    Bank of England 3 6.71% $8,451
    Equity Prime Mortgage LLC 3 6.17% $9,635
    SWBC MORTGAGE CORPORATION 3 6.49% $6,440
    UNION HOME MORTGAGE CORP. 3 6.33% $7,006
    Regions Bank 2 6.69% $5,638
    EMM LOANS LLC 1 7.13% $6,378
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $7,481
    Capital City Home Loans, LLC 1 6.38% $7,311
    BROKER SOLUTIONS, INC. 1 5.59% $11,441
    Paramount Residential Mortgage Group, Inc. 1 6.63% $10,485
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.63% $9,693
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $9,186
    Barrington Bank & Trust Company, N.A. 1 5.75% $12,316
    Residential Acceptance Corporation 1 8.00% $11,470
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.63% $7,299
    STOCKTON MORTGAGE CORPORATION 1 6.25% $6,530
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.38% $8,756
    Towne Bank 1 6.63% $7,495
    Assurance Financial Group, L.L.C. 1 6.88% $6,842
    Flagstar Bank, FSB 1 6.63% $5,455
    ACOPIA, LLC 1 7.24% $9,473
    FIDELITY BANK 1 6.63% $6,572

    The top Jackson USDA lender as defined by loan originations is American Mortgage Bank, LLC, with 26 USDA loans originated. Their average total fees are $8,531, which is $2,351 higher than the next largest lender, Trustmark National Bank.

    The lowest fee Jackson USDA lenders (with over 10 loans originated) are Trustmark National Bank ($6,181), GUILD MORTGAGE COMPANY ($6,780), American Mortgage Bank, LLC ($8,531), PLANET HOME LENDING, LLC ($8,746) and .

    The lowest rate Jackson USDA lenders (with over 10 loans originated) are Trustmark National Bank (6.14%), GUILD MORTGAGE COMPANY (6.20%), American Mortgage Bank, LLC (6.52%), PLANET HOME LENDING, LLC (6.65%) and .