Laurel USDA Loan Rates, Closing Costs & Stats

Laurel, 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.

Laurel's 13 lenders originated 32 USDA loans during 2024. The total origination value was $5,290,000, with an average USDA loan value of $165,313.

Laurel USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Laurel averaged -0.09% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Laurel's average USDA mortgage closing costs are $4,381.

The average rate for the prior week (2025-06-13) was 6.71% and one month ago for the week of 2025-05-16, the average rate was 6.58%.

The average rate one year ago was 6.8%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.2%.

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

Laurel 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 Laurel level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Community Bank of Mississippi 7 5.90% $3,589
Princeton Mortgage Corporation 3 6.67% $6,764
FIRST COMMUNITY MORTGAGE, INC. 2 5.74% $5,964
CROSSCOUNTRY MORTGAGE, LLC 1 6.49% $8,492
Equity Prime Mortgage LLC 1 5.88% $14,404
GMFS LLC 1 6.63% $2,049
Hancock Whitney Bank 1 6.25% $4,049
HOPE FEDERAL CREDIT UNION 1 6.63% $5,556
Paramount Residential Mortgage Group, Inc. 1 7.00% $8,941
AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $8,984
Regions Bank 1 7.25% $4,938
BROKER SOLUTIONS, INC. 1 6.50% $7,158
CANOPY MORTGAGE, LLC 1 6.63% $5,659

The top Laurel USDA lender as defined by loan originations is Community Bank of Mississippi, with 7 USDA loans originated. Their average total fees are $3,589, which is $3,174 lower than the next largest lender, Princeton Mortgage Corporation.

The lowest fee Laurel USDA lenders (with over 10 loans originated) are .

The lowest rate Laurel USDA lenders (with over 10 loans originated) are .