Mccomb USDA Loan Rates, Closing Costs & Stats

McComb, MS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Mccomb's 9 lenders originated 16 USDA loans during 2023. The total origination value was $2,170,000, with an average USDA loan value of $135,625.

    Mccomb USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mccomb averaged 7.08% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Mccomb's average USDA mortgage closing costs are $4,926.

    The average rate for the prior week (2024-04-12) was 6.93% and one month ago for the week of 2024-03-15, the average rate was 6.81%.

    The average rate one year ago was 6.15%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Mccomb 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 Mccomb level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIDELITY BANK 6 6.83% $5,788
    OPEN MORTGAGE, LLC 2 6.81% $5,489
    CROSSCOUNTRY MORTGAGE, LLC 2 7.00% $6,996
    MID AMERICA MORTGAGE, INC. 1 8.13% $6,467
    STOCKTON MORTGAGE CORPORATION 1 7.13% $5,229
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $7,243
    Trustmark National Bank 1 6.63% $4,460
    Bank of England 1 6.25% $6,857
    GMFS LLC 1 5.99% $6,758

    The top Mccomb USDA lender as defined by loan originations is FIDELITY BANK, with 6 USDA loans originated. Their average total fees are $5,788, which is $299 higher than the next largest lender, OPEN MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mccomb (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 $129,000 (-8.2%) $166,097 (-6.8%) 0.00 205
    2018-02-01 $125,000 (-11.7%) $165,319 (-6.0%) 0.00 204
    2018-03-01 $120,900 (-19.4%) $158,267 (-12.0%) 0.00 215
    2018-04-01 $119,900 (-19.5%) $159,152 (-11.0%) 0.00 227
    2018-05-01 $115,725 (-18.8%) $151,984 (-15.1%) 0.00 228
    2018-06-01 $119,950 (-14.3%) $156,600 (-11.4%) 0.00 242
    2018-07-01 $124,450 (-10.1%) $164,775 (-4.5%) 0.00 254
    2018-08-01 $122,450 (-12.5%) $165,346 (-6.6%) 0.00 257
    2018-09-01 $124,450 (-4.2%) $164,548 (-2.4%) 0.00 265
    2018-10-01 $120,875 (-7.9%) $165,569 (-2.0%) 0.00 262
    2018-11-01 $119,600 (-7.5%) $166,565 (-1.5%) 0.00 258
    2018-12-01 $123,500 (-6.3%) $169,838 (-1.3%) 0.00 260
    2019-01-01 $119,750 (-7.2%) $169,368 (2.0%) 0.00 247
    2019-02-01 $126,850 (1.5%) $171,827 (3.9%) 0.00 247
    2019-03-01 $129,214 (6.9%) $173,329 (9.5%) 0.00 234
    2019-04-01 $129,214 (7.8%) $171,266 (7.6%) 0.00 223
    2019-05-01 $129,075 (11.5%) $169,570 (11.6%) 0.00 217
    2019-06-01 $129,700 (8.1%) $171,319 (9.4%) 0.00 201
    2019-07-01 $120,000 (-3.6%) $165,807 (0.6%) 0.00 200
    2019-08-01 $122,509 (0.1%) $168,534 (1.9%) 0.00 199
    2019-09-01 $126,273 (1.5%) $171,374 (4.2%) 0.00 195
    2019-10-01 $128,782 (6.5%) $175,448 (6.0%) 0.00 187
    2019-11-01 $125,000 (4.5%) $174,890 (5.0%) 0.00 182
    2019-12-01 $125,000 (1.2%) $173,847 (2.4%) 0.00 186
    2020-01-01 $124,950 (4.3%) $174,308 (2.9%) 0.00 181
    2020-02-01 $125,000 (-1.5%) $177,146 (3.1%) 0.00 180
    2020-03-01 $131,625 (1.9%) $184,408 (6.4%) 0.00 178
    2020-04-01 $129,950 (0.6%) $184,452 (7.7%) 0.00 174
    2020-05-01 $130,000 (0.7%) $183,893 (8.5%) 0.00 159
    2020-06-01 $129,250 (-0.4%) $183,608 (7.2%) 0.00 155
    2020-07-01 $129,700 (8.1%) $187,984 (13.4%) 0.00 139
    2020-08-01 $129,900 (6.0%) $190,015 (12.8%) 0.00 143
    2020-09-01 $149,900 (18.7%) $208,916 (21.9%) 0.00 132
    2020-10-01 $149,900 (16.4%) $212,579 (21.2%) 0.00 124
    2020-11-01 $152,000 (21.6%) $215,841 (23.4%) 0.00 121
    2020-12-01 $153,500 (22.8%) $222,085 (27.8%) 0.00 109
    2021-01-01 $168,000 (34.5%) $229,842 (31.9%) 0.00 105
    2021-02-01 $169,500 (35.6%) $232,377 (31.2%) 0.00 94
    2021-03-01 $192,200 (46.0%) $252,734 (37.1%) 0.00 81
    2021-04-01 $192,475 (48.1%) $276,536 (49.9%) 0.00 69
    2021-05-01 $175,000 (34.6%) $265,771 (44.5%) 0.00 61
    2021-06-01 $175,000 (35.4%) $267,881 (45.9%) 0.00 69
    2021-07-01 $169,000 (30.3%) $244,320 (30.0%) 0.00 74
    2021-08-01 $149,900 (15.4%) $231,497 (21.8%) 0.00 74
    2021-09-01 $139,475 (-7.0%) $225,616 (8.0%) 0.00 78
    2021-10-01 $154,450 (3.0%) $237,837 (11.9%) 0.00 81
    2021-11-01 $180,000 (18.4%) $253,420 (17.4%) 0.00 70
    2021-12-01 $189,750 (23.6%) $258,412 (16.4%) 0.00 69
    2022-01-01 $175,000 (4.2%) $248,041 (7.9%) 0.00 64
    2022-02-01 $179,500 (5.9%) $266,295 (14.6%) 0.00 51
    2022-03-01 $173,425 (-9.8%) $266,341 (5.4%) 0.00 51
    2022-04-01 $175,000 (-9.1%) $270,012 (-2.4%) 0.00 41
    2022-05-01 $171,825 (-1.8%) $255,388 (-3.9%) 0.00 55
    2022-06-01 $174,375 (-0.4%) $243,010 (-9.3%) 0.00 68
    2022-07-01 $188,485 (11.5%) $239,970 (-1.8%) 0.00 66
    2022-08-01 $194,900 (30.0%) $252,034 (8.9%) 0.00 65
    2022-09-01 $194,725 (39.6%) $344,588 (52.7%) 0.00 69
    2022-10-01 $189,500 (22.7%) $315,168 (32.5%) 0.00 82
    2022-11-01 $186,375 (3.5%) $293,260 (15.7%) 0.00 85
    2022-12-01 $189,500 (-0.1%) $269,839 (4.4%) 0.00 87
    2023-01-01 $174,175 (-0.5%) $271,286 (9.4%) 0.00 82
    2023-02-01 $164,250 (-8.5%) $248,712 (-6.6%) 0.00 83
    2023-03-01 $166,825 (-3.8%) $257,316 (-3.4%) 0.00 84
    2023-04-01 $170,000 (-2.9%) $255,541 (-5.4%) 0.00 88
    2023-05-01 $169,225 (-1.5%) $242,958 (-4.9%) 0.00 93
    2023-06-01 $178,625 (2.4%) $240,068 (-1.2%) 0.00 94
    2023-07-01 $190,950 (1.3%) $246,399 (2.7%) 0.00 94
    2023-08-01 $180,725 (-7.3%) $234,429 (-7.0%) 0.00 95
    2023-09-01 $166,750 (-14.4%) $217,981 (-36.7%) 0.00 101
    2023-10-01 $165,000 (-12.9%) $214,631 (-31.9%) 0.00 102
    2023-11-01 $178,675 (-4.1%) $223,263 (-23.9%) 0.00 106
    2023-12-01 $175,000 (-7.7%) $223,390 (-17.2%) 0.00 101
    2024-01-01 $173,725 (-0.3%) $229,279 (-15.5%) 0.00 99
    2024-02-01 $179,900 (9.5%) $244,709 (-1.6%) 0.00 91
    2024-03-01 $197,250 (18.2%) $237,129 (-7.8%) 0.00 86
    Mccomb's median listing price for 2024-03-01 was $197,250, a difference of $30,425 (18.2%) versus the prior year and $17,350 versus the prior month.

    Mccomb's median listing price comes in at 0% of the national average.

    Mccomb's average listing price for 2024-03-01 was $237,129, a difference of $-20,187 (-7.8%) versus the prior year and $-7,580 versus the prior month.

    For the 2024-03-01 period, Mccomb had 86 MLS listings, a difference of -5 listings (-5%) versus the prior month and 2 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mccomb (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,936 sqft
    2018-02-01 0 days 1,940 sqft
    2018-03-01 0 days 1,900 sqft
    2018-04-01 0 days 1,906 sqft
    2018-05-01 0 days 1,903 sqft
    2018-06-01 0 days 1,907 sqft
    2018-07-01 0 days 1,929 sqft
    2018-08-01 0 days 1,927 sqft
    2018-09-01 0 days 1,901 sqft
    2018-10-01 0 days 1,888 sqft
    2018-11-01 0 days 1,870 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,883 sqft
    2019-02-01 0 days 1,881 sqft
    2019-03-01 0 days 1,875 sqft
    2019-04-01 0 days 1,856 sqft
    2019-05-01 0 days 1,843 sqft
    2019-06-01 0 days 1,840 sqft
    2019-07-01 0 days 1,810 sqft
    2019-08-01 0 days 1,818 sqft
    2019-09-01 0 days 1,830 sqft
    2019-10-01 0 days 1,861 sqft
    2019-11-01 0 days 1,894 sqft
    2019-12-01 0 days 1,892 sqft
    2020-01-01 0 days 1,891 sqft
    2020-02-01 0 days 1,895 sqft
    2020-03-01 0 days 1,894 sqft
    2020-04-01 0 days 1,892 sqft
    2020-05-01 0 days 1,896 sqft
    2020-06-01 0 days 1,920 sqft
    2020-07-01 0 days 1,972 sqft
    2020-08-01 0 days 1,999 sqft
    2020-09-01 0 days 2,149 sqft
    2020-10-01 0 days 2,118 sqft
    2020-11-01 0 days 2,144 sqft
    2020-12-01 0 days 2,187 sqft
    2021-01-01 0 days 2,256 sqft
    2021-02-01 0 days 2,219 sqft
    2021-03-01 0 days 2,251 sqft
    2021-04-01 0 days 2,246 sqft
    2021-05-01 0 days 2,120 sqft
    2021-06-01 0 days 2,268 sqft
    2021-07-01 0 days 2,004 sqft
    2021-08-01 0 days 1,940 sqft
    2021-09-01 0 days 1,900 sqft
    2021-10-01 0 days 2,004 sqft
    2021-11-01 0 days 2,009 sqft
    2021-12-01 0 days 2,132 sqft
    2022-01-01 0 days 2,417 sqft
    2022-02-01 0 days 2,159 sqft
    2022-03-01 0 days 2,012 sqft
    2022-04-01 0 days 2,008 sqft
    2022-05-01 0 days 2,022 sqft
    2022-06-01 0 days 2,003 sqft
    2022-07-01 0 days 2,000 sqft
    2022-08-01 0 days 2,000 sqft
    2022-09-01 0 days 2,035 sqft
    2022-10-01 0 days 2,014 sqft
    2022-11-01 0 days 2,006 sqft
    2022-12-01 0 days 2,004 sqft
    2023-01-01 0 days 2,014 sqft
    2023-02-01 0 days 2,011 sqft
    2023-03-01 0 days 2,015 sqft
    2023-04-01 0 days 2,069 sqft
    2023-05-01 0 days 2,014 sqft
    2023-06-01 0 days 2,052 sqft
    2023-07-01 0 days 2,030 sqft
    2023-08-01 0 days 2,033 sqft
    2023-09-01 0 days 1,906 sqft
    2023-10-01 0 days 1,913 sqft
    2023-11-01 0 days 1,946 sqft
    2023-12-01 0 days 1,953 sqft
    2024-01-01 0 days 1,894 sqft
    2024-02-01 0 days 1,885 sqft
    2024-03-01 0 days 1,936 sqft
    Mccomb's median listing age (time on market) for 2024-03-01 was 0 days.

    Mccomb's median square footage for active listings during the 2024-03-01 period was 1,936 sqft. One year prior, the average listing was 2,015 sqft.