Meridian USDA Loan Rates, Closing Costs & Stats

Meridian, 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.

    Meridian's 7 lenders originated 19 USDA loans during 2023. The total origination value was $3,415,000, with an average USDA loan value of $179,737.

    Meridian USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Meridian averaged 6.25% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Meridian's average USDA mortgage closing costs are $4,767.

    The average rate for the prior week (2025-02-07) was 6.41% and one month ago for the week of 2025-01-10, the average rate was 6.26%.

    The average rate one year ago was 6.25%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

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

    Meridian 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 Meridian level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Trustmark National Bank 10 6.37% $7,460
    The Citizens National Bank of Meridian 4 6.28% $5,542
    OPEN MORTGAGE, LLC 1 6.00% $5,053
    GUILD MORTGAGE COMPANY 1 6.13% $9,006
    Regions Bank 1 6.75% $4,094
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.75% $4,067
    MORTGAGE INVESTORS GROUP, INC. 1 6.75% $7,296

    The top Meridian USDA lender as defined by loan originations is Trustmark National Bank, with 10 USDA loans originated. Their average total fees are $7,460, which is $1,917 higher than the next largest lender, The Citizens National Bank of Meridian.

    The lowest fee Meridian USDA lenders (with over 10 loans originated) are Trustmark National Bank ($7,460), .

    The lowest rate Meridian USDA lenders (with over 10 loans originated) are Trustmark National Bank (6.37%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Meridian (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 $138,900 (5.7%) $189,228 (9.0%) 0.00 406
    2018-02-01 $135,500 (9.3%) $184,958 (7.7%) 0.00 403
    2018-03-01 $137,000 (5.6%) $183,050 (4.4%) 0.00 391
    2018-04-01 $144,750 (4.9%) $192,031 (2.2%) 0.00 375
    2018-05-01 $149,000 (10.4%) $197,166 (3.0%) 0.00 374
    2018-06-01 $146,000 (5.7%) $196,166 (1.3%) 0.00 388
    2018-07-01 $149,000 (2.8%) $193,693 (-0.1%) 0.00 399
    2018-08-01 $155,000 (5.2%) $192,548 (-1.6%) 0.00 391
    2018-09-01 $155,000 (5.1%) $196,520 (-0.6%) 0.00 391
    2018-10-01 $145,750 (-2.6%) $188,281 (-3.5%) 0.00 398
    2018-11-01 $152,500 (2.7%) $183,026 (-5.9%) 0.00 375
    2018-12-01 $149,000 (5.7%) $177,951 (-7.5%) 0.00 361
    2019-01-01 $148,125 (6.6%) $178,767 (-5.5%) 0.00 350
    2019-02-01 $149,925 (10.7%) $178,307 (-3.6%) 0.00 353
    2019-03-01 $149,000 (8.8%) $179,242 (-2.1%) 0.00 355
    2019-04-01 $149,000 (2.9%) $182,516 (-5.0%) 0.00 350
    2019-05-01 $145,950 (-2.1%) $189,349 (-4.0%) 0.00 343
    2019-06-01 $155,000 (6.2%) $197,298 (0.6%) 0.00 356
    2019-07-01 $157,825 (5.9%) $197,978 (2.2%) 0.00 356
    2019-08-01 $153,782 (-0.8%) $194,529 (1.0%) 0.00 343
    2019-09-01 $146,030 (-5.8%) $190,182 (-3.2%) 0.00 326
    2019-10-01 $139,950 (-4.0%) $187,365 (-0.5%) 0.00 313
    2019-11-01 $139,900 (-8.3%) $193,732 (5.9%) 0.00 288
    2019-12-01 $139,900 (-6.1%) $191,764 (7.8%) 0.00 280
    2020-01-01 $135,250 (-8.7%) $192,230 (7.5%) 0.00 272
    2020-02-01 $132,200 (-11.8%) $193,375 (8.5%) 0.00 274
    2020-03-01 $132,350 (-11.2%) $189,808 (5.9%) 0.00 275
    2020-04-01 $140,700 (-5.6%) $203,325 (11.4%) 0.00 263
    2020-05-01 $139,000 (-4.8%) $191,006 (0.9%) 0.00 241
    2020-06-01 $131,125 (-15.4%) $190,420 (-3.5%) 0.00 212
    2020-07-01 $129,375 (-18.0%) $186,483 (-5.8%) 0.00 195
    2020-08-01 $139,450 (-9.3%) $190,881 (-1.9%) 0.00 184
    2020-09-01 $146,175 (0.1%) $187,410 (-1.5%) 0.00 181
    2020-10-01 $155,250 (10.9%) $198,764 (6.1%) 0.00 184
    2020-11-01 $165,475 (18.3%) $199,057 (2.8%) 0.00 183
    2020-12-01 $149,950 (7.2%) $191,841 (0.0%) 0.00 186
    2021-01-01 $176,500 (30.5%) $199,601 (3.8%) 0.00 162
    2021-02-01 $172,450 (30.5%) $199,180 (3.0%) 0.00 128
    2021-03-01 $166,225 (25.6%) $191,455 (0.9%) 0.00 113
    2021-04-01 $161,750 (15.0%) $198,310 (-2.5%) 0.00 108
    2021-05-01 $162,500 (16.9%) $207,487 (8.6%) 0.00 101
    2021-06-01 $161,875 (23.5%) $219,644 (15.4%) 0.00 99
    2021-07-01 $165,000 (27.5%) $215,448 (15.5%) 0.00 95
    2021-08-01 $159,475 (14.4%) $209,279 (9.6%) 0.00 107
    2021-09-01 $152,200 (4.1%) $216,873 (15.7%) 0.00 103
    2021-10-01 $150,950 (-2.8%) $211,350 (6.3%) 0.00 109
    2021-11-01 $159,950 (-3.3%) $244,802 (23.0%) 0.00 106
    2021-12-01 $148,950 (-0.7%) $238,686 (24.4%) 0.00 99
    2022-01-01 $136,500 (-22.7%) $239,410 (19.9%) 0.00 89
    2022-02-01 $150,925 (-12.5%) $247,378 (24.2%) 0.00 81
    2022-03-01 $165,000 (-0.7%) $263,228 (37.5%) 0.00 79
    2022-04-01 $160,950 (-0.5%) $253,479 (27.8%) 0.00 67
    2022-05-01 $189,900 (16.9%) $276,582 (33.3%) 0.00 74
    2022-06-01 $185,750 (14.8%) $277,857 (26.5%) 0.00 83
    2022-07-01 $165,000 (0.0%) $237,654 (10.3%) 0.00 105
    2022-08-01 $174,425 (9.4%) $242,231 (15.8%) 0.00 112
    2022-09-01 $173,700 (14.1%) $242,187 (11.7%) 0.00 105
    2022-10-01 $159,500 (5.7%) $213,191 (0.9%) 0.00 111
    2022-11-01 $162,000 (1.3%) $217,299 (-11.2%) 0.00 121
    2022-12-01 $144,000 (-3.3%) $200,894 (-15.8%) 0.00 116
    2023-01-01 $157,000 (15.0%) $222,991 (-6.9%) 0.00 111
    2023-02-01 $147,225 (-2.5%) $234,909 (-5.0%) 0.00 109
    2023-03-01 $141,250 (-14.4%) $249,186 (-5.3%) 0.00 85
    2023-04-01 $179,500 (11.5%) $253,605 (0.1%) 0.00 91
    2023-05-01 $192,700 (1.5%) $262,043 (-5.3%) 0.00 89
    2023-06-01 $194,725 (4.8%) $252,156 (-9.3%) 0.00 92
    2023-07-01 $213,750 (29.6%) $255,689 (7.6%) 0.00 116
    2023-08-01 $230,275 (32.0%) $254,070 (4.9%) 0.00 124
    2023-09-01 $192,500 (10.8%) $241,962 (-0.1%) 0.00 118
    2023-10-01 $210,000 (31.7%) $247,764 (16.2%) 0.00 125
    2023-11-01 $191,200 (18.0%) $238,784 (9.9%) 0.00 131
    2023-12-01 $187,250 (30.0%) $237,449 (18.2%) 0.00 141
    2024-01-01 $171,750 (9.4%) $223,685 (0.3%) 0.00 149
    2024-02-01 $167,450 (13.7%) $212,791 (-9.4%) 0.00 135
    2024-03-01 $172,500 (22.1%) $214,156 (-14.1%) 0.00 142
    2024-04-01 $176,000 (-2.0%) $229,826 (-9.4%) 0.00 136
    2024-05-01 $191,100 (-0.8%) $243,518 (-7.1%) 0.00 124
    2024-06-01 $179,950 (-7.6%) $237,013 (-6.0%) 0.00 128
    2024-07-01 $177,675 (-16.9%) $237,385 (-7.2%) 0.00 133
    2024-08-01 $184,500 (-19.9%) $267,207 (5.2%) 0.00 128
    2024-09-01 $197,400 (2.6%) $273,567 (13.1%) 0.00 138
    2024-10-01 $206,750 (-1.6%) $275,116 (11.0%) 0.00 148
    2024-11-01 $179,500 (-6.1%) $255,242 (6.9%) 0.00 166
    2024-12-01 $164,250 (-12.3%) $241,540 (1.7%) 0.00 146
    2025-01-01 $159,450 (-7.2%) $247,167 (10.5%) 0.00 129
    Meridian's median listing price for 2025-01-01 was $159,450, a difference of $-12,300 (-7.2%) versus the prior year and $-4,800 versus the prior month.

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

    Meridian's average listing price for 2025-01-01 was $247,167, a difference of $23,482 (10.5%) versus the prior year and $5,627 versus the prior month.

    For the 2025-01-01 period, Meridian had 129 MLS listings, a difference of -17 listings (-12%) versus the prior month and -20 listings (-13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Meridian (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,953 sqft
    2018-02-01 0 days 1,944 sqft
    2018-03-01 0 days 1,944 sqft
    2018-04-01 0 days 1,960 sqft
    2018-05-01 0 days 1,979 sqft
    2018-06-01 0 days 1,997 sqft
    2018-07-01 0 days 1,978 sqft
    2018-08-01 0 days 1,975 sqft
    2018-09-01 0 days 1,957 sqft
    2018-10-01 0 days 1,944 sqft
    2018-11-01 0 days 1,934 sqft
    2018-12-01 0 days 1,913 sqft
    2019-01-01 0 days 1,914 sqft
    2019-02-01 0 days 1,914 sqft
    2019-03-01 0 days 1,939 sqft
    2019-04-01 0 days 1,971 sqft
    2019-05-01 0 days 1,981 sqft
    2019-06-01 0 days 2,039 sqft
    2019-07-01 0 days 1,987 sqft
    2019-08-01 0 days 1,965 sqft
    2019-09-01 0 days 1,969 sqft
    2019-10-01 0 days 1,971 sqft
    2019-11-01 0 days 1,989 sqft
    2019-12-01 0 days 1,963 sqft
    2020-01-01 0 days 1,942 sqft
    2020-02-01 0 days 1,910 sqft
    2020-03-01 0 days 1,950 sqft
    2020-04-01 0 days 1,981 sqft
    2020-05-01 0 days 1,966 sqft
    2020-06-01 0 days 1,951 sqft
    2020-07-01 0 days 1,945 sqft
    2020-08-01 0 days 1,950 sqft
    2020-09-01 0 days 1,940 sqft
    2020-10-01 0 days 1,946 sqft
    2020-11-01 0 days 1,951 sqft
    2020-12-01 0 days 1,941 sqft
    2021-01-01 0 days 2,000 sqft
    2021-02-01 0 days 2,065 sqft
    2021-03-01 0 days 2,010 sqft
    2021-04-01 0 days 2,024 sqft
    2021-05-01 0 days 2,059 sqft
    2021-06-01 0 days 2,087 sqft
    2021-07-01 0 days 2,013 sqft
    2021-08-01 0 days 2,010 sqft
    2021-09-01 0 days 1,958 sqft
    2021-10-01 0 days 1,905 sqft
    2021-11-01 0 days 1,940 sqft
    2021-12-01 0 days 1,900 sqft
    2022-01-01 0 days 1,942 sqft
    2022-02-01 0 days 1,928 sqft
    2022-03-01 0 days 2,000 sqft
    2022-04-01 0 days 1,937 sqft
    2022-05-01 0 days 1,959 sqft
    2022-06-01 0 days 1,948 sqft
    2022-07-01 0 days 1,902 sqft
    2022-08-01 0 days 1,948 sqft
    2022-09-01 0 days 1,977 sqft
    2022-10-01 0 days 1,966 sqft
    2022-11-01 0 days 1,925 sqft
    2022-12-01 0 days 1,728 sqft
    2023-01-01 0 days 1,784 sqft
    2023-02-01 0 days 1,883 sqft
    2023-03-01 0 days 1,838 sqft
    2023-04-01 0 days 2,023 sqft
    2023-05-01 0 days 2,285 sqft
    2023-06-01 0 days 2,039 sqft
    2023-07-01 0 days 2,177 sqft
    2023-08-01 0 days 2,231 sqft
    2023-09-01 0 days 2,165 sqft
    2023-10-01 0 days 2,143 sqft
    2023-11-01 0 days 2,112 sqft
    2023-12-01 0 days 2,016 sqft
    2024-01-01 0 days 1,994 sqft
    2024-02-01 0 days 1,949 sqft
    2024-03-01 0 days 1,934 sqft
    2024-04-01 0 days 1,952 sqft
    2024-05-01 0 days 1,999 sqft
    2024-06-01 0 days 1,976 sqft
    2024-07-01 0 days 1,935 sqft
    2024-08-01 0 days 1,955 sqft
    2024-09-01 0 days 1,989 sqft
    2024-10-01 0 days 2,050 sqft
    2024-11-01 0 days 1,979 sqft
    2024-12-01 0 days 1,982 sqft
    2025-01-01 0 days 2,027 sqft
    Meridian's median listing age (time on market) for 2025-01-01 was 0 days.

    Meridian's median square footage for active listings during the 2025-01-01 period was 2,027 sqft. One year prior, the average listing was 1,994 sqft.