Oxford USDA Loan Rates, Closing Costs & Stats
Oxford, 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.
Oxford's 3 lenders originated 7 USDA loans during 2023. The total origination value was $1,735,000, with an average USDA loan value of $247,857.
Oxford USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Oxford
averaged
6.24%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Oxford's average USDA mortgage closing costs are $5,100.
The average rate for the prior week (2024-10-04) was
5.94% and
one month ago for the week of 2024-09-06, the
average rate was 6.03%.
The average rate one year ago was 7.52%.
For refis of the same type during the week of 2024-10-11, the average rate
was 6.18%.
Oxford 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 Oxford level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Regions Bank | 4 | 5.59% | $7,542 |
Renasant Bank | 2 | 6.44% | $7,488 |
Flagstar Bank, FSB | 1 | 6.25% | $6,635 |
The top Oxford USDA lender as defined by loan originations is Regions Bank, with
4 USDA loans originated. Their average total fees are
$7,542, which is $53
higher than the next largest lender,
Renasant Bank.
The lowest fee Oxford USDA lenders (with over 10 loans originated) are
.
The lowest rate Oxford USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $316,975 (-6.4%) | $369,775 (-7.0%) | 0.00 | 392 |
2018-02-01 | $319,950 (-4.4%) | $369,615 (-4.7%) | 0.00 | 403 |
2018-03-01 | $329,000 (-3.0%) | $378,142 (-4.8%) | 0.00 | 410 |
2018-04-01 | $334,975 (-1.5%) | $379,275 (-5.0%) | 0.00 | 431 |
2018-05-01 | $325,000 (-6.3%) | $369,038 (-10.2%) | 0.00 | 455 |
2018-06-01 | $309,000 (-11.2%) | $364,238 (-10.9%) | 0.00 | 467 |
2018-07-01 | $299,450 (-14.4%) | $360,140 (-9.9%) | 0.00 | 470 |
2018-08-01 | $284,900 (-12.0%) | $348,320 (-8.9%) | 0.00 | 484 |
2018-09-01 | $264,900 (-19.7%) | $337,816 (-12.5%) | 0.00 | 515 |
2018-10-01 | $258,225 (-21.5%) | $330,002 (-11.7%) | 0.00 | 513 |
2018-11-01 | $258,500 (-19.2%) | $329,952 (-9.7%) | 0.00 | 488 |
2018-12-01 | $259,900 (-17.5%) | $334,184 (-6.0%) | 0.00 | 480 |
2019-01-01 | $256,150 (-19.2%) | $335,332 (-9.3%) | 0.00 | 457 |
2019-02-01 | $250,425 (-21.7%) | $335,931 (-9.1%) | 0.00 | 503 |
2019-03-01 | $255,629 (-22.3%) | $338,460 (-10.5%) | 0.00 | 526 |
2019-04-01 | $259,500 (-22.5%) | $340,054 (-10.3%) | 0.00 | 550 |
2019-05-01 | $269,250 (-17.2%) | $352,690 (-4.4%) | 0.00 | 564 |
2019-06-01 | $274,900 (-11.0%) | $363,766 (-0.1%) | 0.00 | 577 |
2019-07-01 | $274,950 (-8.2%) | $370,656 (2.9%) | 0.00 | 594 |
2019-08-01 | $275,964 (-3.1%) | $374,948 (7.6%) | 0.00 | 556 |
2019-09-01 | $278,234 (5.0%) | $380,188 (12.5%) | 0.00 | 508 |
2019-10-01 | $281,225 (8.9%) | $381,238 (15.5%) | 0.00 | 475 |
2019-11-01 | $279,000 (7.9%) | $381,946 (15.8%) | 0.00 | 457 |
2019-12-01 | $269,200 (3.6%) | $372,178 (11.4%) | 0.00 | 406 |
2020-01-01 | $264,500 (3.3%) | $381,579 (13.8%) | 0.00 | 381 |
2020-02-01 | $258,925 (3.4%) | $379,676 (13.0%) | 0.00 | 432 |
2020-03-01 | $258,900 (1.3%) | $370,327 (9.4%) | 0.00 | 445 |
2020-04-01 | $262,450 (1.1%) | $367,273 (8.0%) | 0.00 | 447 |
2020-05-01 | $263,500 (-2.1%) | $373,447 (5.9%) | 0.00 | 458 |
2020-06-01 | $242,463 (-11.8%) | $360,737 (-0.8%) | 0.00 | 486 |
2020-07-01 | $254,400 (-7.5%) | $379,316 (2.3%) | 0.00 | 476 |
2020-08-01 | $265,500 (-3.8%) | $382,222 (1.9%) | 0.00 | 486 |
2020-09-01 | $267,125 (-4.0%) | $378,960 (-0.3%) | 0.00 | 479 |
2020-10-01 | $268,750 (-4.4%) | $395,904 (3.9%) | 0.00 | 476 |
2020-11-01 | $265,375 (-4.9%) | $404,873 (6.0%) | 0.00 | 447 |
2020-12-01 | $262,025 (-2.7%) | $381,851 (2.6%) | 0.00 | 433 |
2021-01-01 | $264,100 (-0.2%) | $378,450 (-0.8%) | 0.00 | 407 |
2021-02-01 | $291,625 (12.6%) | $411,358 (8.3%) | 0.00 | 375 |
2021-03-01 | $297,450 (14.9%) | $419,406 (13.3%) | 0.00 | 355 |
2021-04-01 | $348,500 (32.8%) | $466,469 (27.0%) | 0.00 | 323 |
2021-05-01 | $379,500 (44.0%) | $518,291 (38.8%) | 0.00 | 235 |
2021-06-01 | $396,725 (63.6%) | $524,392 (45.4%) | 0.00 | 235 |
2021-07-01 | $429,950 (69.0%) | $551,982 (45.5%) | 0.00 | 219 |
2021-08-01 | $414,380 (56.1%) | $539,610 (41.2%) | 0.00 | 208 |
2021-09-01 | $399,925 (49.7%) | $547,104 (44.4%) | 0.00 | 205 |
2021-10-01 | $389,000 (44.7%) | $544,865 (37.6%) | 0.00 | 180 |
2021-11-01 | $389,000 (46.6%) | $557,778 (37.8%) | 0.00 | 164 |
2021-12-01 | $424,278 (61.9%) | $574,797 (50.5%) | 0.00 | 133 |
2022-01-01 | $449,900 (70.4%) | $593,571 (56.8%) | 0.00 | 109 |
2022-02-01 | $490,575 (68.2%) | $669,470 (62.8%) | 0.00 | 82 |
2022-03-01 | $483,725 (62.6%) | $610,323 (45.5%) | 0.00 | 97 |
2022-04-01 | $497,450 (42.7%) | $623,832 (33.7%) | 0.00 | 98 |
2022-05-01 | $432,425 (14.0%) | $576,006 (11.1%) | 0.00 | 115 |
2022-06-01 | $397,000 (0.1%) | $545,827 (4.1%) | 0.00 | 139 |
2022-07-01 | $399,000 (-7.2%) | $539,371 (-2.3%) | 0.00 | 168 |
2022-08-01 | $439,725 (6.1%) | $551,716 (2.2%) | 0.00 | 161 |
2022-09-01 | $422,500 (5.6%) | $562,573 (2.8%) | 0.00 | 153 |
2022-10-01 | $449,000 (15.4%) | $561,446 (3.0%) | 0.00 | 159 |
2022-11-01 | $493,725 (26.9%) | $578,114 (3.7%) | 0.00 | 148 |
2022-12-01 | $495,000 (16.7%) | $584,111 (1.6%) | 0.00 | 120 |
2023-01-01 | $475,000 (5.6%) | $553,417 (-6.8%) | 0.00 | 133 |
2023-02-01 | $486,125 (-0.9%) | $569,469 (-14.9%) | 0.00 | 126 |
2023-03-01 | $449,000 (-7.2%) | $540,054 (-11.5%) | 0.00 | 129 |
2023-04-01 | $449,900 (-9.6%) | $548,848 (-12.0%) | 0.00 | 136 |
2023-05-01 | $447,500 (3.5%) | $565,588 (-1.8%) | 0.00 | 129 |
2023-06-01 | $445,000 (12.1%) | $562,492 (3.1%) | 0.00 | 132 |
2023-07-01 | $450,000 (12.8%) | $599,966 (11.2%) | 0.00 | 130 |
2023-08-01 | $479,450 (9.0%) | $599,112 (8.6%) | 0.00 | 144 |
2023-09-01 | $495,500 (17.3%) | $613,450 (9.0%) | 0.00 | 162 |
2023-10-01 | $497,250 (10.8%) | $614,164 (9.4%) | 0.00 | 152 |
2023-11-01 | $504,675 (2.2%) | $635,938 (10.0%) | 0.00 | 151 |
2023-12-01 | $532,985 (7.7%) | $665,772 (14.0%) | 0.00 | 141 |
2024-01-01 | $489,925 (3.1%) | $637,369 (15.2%) | 0.00 | 167 |
2024-02-01 | $492,000 (1.2%) | $645,040 (13.3%) | 0.00 | 158 |
2024-03-01 | $539,900 (20.2%) | $669,556 (24.0%) | 0.00 | 142 |
2024-04-01 | $594,750 (32.2%) | $717,565 (30.7%) | 0.00 | 149 |
2024-05-01 | $554,500 (23.9%) | $759,745 (34.3%) | 0.00 | 169 |
2024-06-01 | $565,000 (27.0%) | $740,995 (31.7%) | 0.00 | 192 |
2024-07-01 | $582,500 (29.4%) | $760,574 (26.8%) | 0.00 | 214 |
2024-08-01 | $559,500 (16.7%) | $736,884 (23.0%) | 0.00 | 213 |
2024-09-01 | $548,500 (10.7%) | $721,928 (17.7%) | 0.00 | 210 |
Oxford's median listing price comes in at 0% of the national average.
Oxford's average listing price for 2024-09-01 was $721,928, a difference of $108,478 (17.7%) versus the prior year and $-14,956 versus the prior month.
For the 2024-09-01 period, Oxford had 210 MLS listings, a difference of -3 listings (-1%) versus the prior month and 48 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,930 sqft |
2018-02-01 | 0 days | 2,049 sqft |
2018-03-01 | 0 days | 2,070 sqft |
2018-04-01 | 0 days | 2,081 sqft |
2018-05-01 | 0 days | 2,075 sqft |
2018-06-01 | 0 days | 2,066 sqft |
2018-07-01 | 0 days | 2,039 sqft |
2018-08-01 | 0 days | 1,956 sqft |
2018-09-01 | 0 days | 1,875 sqft |
2018-10-01 | 0 days | 1,846 sqft |
2018-11-01 | 0 days | 1,834 sqft |
2018-12-01 | 0 days | 1,829 sqft |
2019-01-01 | 0 days | 1,802 sqft |
2019-02-01 | 0 days | 1,804 sqft |
2019-03-01 | 0 days | 1,826 sqft |
2019-04-01 | 0 days | 1,837 sqft |
2019-05-01 | 0 days | 1,847 sqft |
2019-06-01 | 0 days | 1,859 sqft |
2019-07-01 | 0 days | 1,860 sqft |
2019-08-01 | 0 days | 1,862 sqft |
2019-09-01 | 0 days | 1,862 sqft |
2019-10-01 | 0 days | 1,863 sqft |
2019-11-01 | 0 days | 1,862 sqft |
2019-12-01 | 0 days | 1,839 sqft |
2020-01-01 | 0 days | 1,852 sqft |
2020-02-01 | 0 days | 1,838 sqft |
2020-03-01 | 0 days | 1,807 sqft |
2020-04-01 | 0 days | 1,807 sqft |
2020-05-01 | 0 days | 1,800 sqft |
2020-06-01 | 0 days | 1,760 sqft |
2020-07-01 | 0 days | 1,800 sqft |
2020-08-01 | 0 days | 1,849 sqft |
2020-09-01 | 0 days | 1,859 sqft |
2020-10-01 | 0 days | 1,855 sqft |
2020-11-01 | 0 days | 1,834 sqft |
2020-12-01 | 0 days | 1,820 sqft |
2021-01-01 | 0 days | 1,860 sqft |
2021-02-01 | 0 days | 1,864 sqft |
2021-03-01 | 0 days | 1,868 sqft |
2021-04-01 | 0 days | 2,033 sqft |
2021-05-01 | 0 days | 2,102 sqft |
2021-06-01 | 0 days | 2,120 sqft |
2021-07-01 | 0 days | 2,248 sqft |
2021-08-01 | 0 days | 2,183 sqft |
2021-09-01 | 0 days | 2,056 sqft |
2021-10-01 | 0 days | 2,052 sqft |
2021-11-01 | 0 days | 2,051 sqft |
2021-12-01 | 0 days | 2,048 sqft |
2022-01-01 | 0 days | 2,039 sqft |
2022-02-01 | 0 days | 2,162 sqft |
2022-03-01 | 0 days | 2,067 sqft |
2022-04-01 | 0 days | 2,377 sqft |
2022-05-01 | 0 days | 2,108 sqft |
2022-06-01 | 0 days | 2,033 sqft |
2022-07-01 | 0 days | 2,000 sqft |
2022-08-01 | 0 days | 2,033 sqft |
2022-09-01 | 0 days | 2,065 sqft |
2022-10-01 | 0 days | 2,070 sqft |
2022-11-01 | 0 days | 2,287 sqft |
2022-12-01 | 0 days | 2,350 sqft |
2023-01-01 | 0 days | 2,143 sqft |
2023-02-01 | 0 days | 2,088 sqft |
2023-03-01 | 0 days | 1,911 sqft |
2023-04-01 | 0 days | 1,996 sqft |
2023-05-01 | 0 days | 1,933 sqft |
2023-06-01 | 0 days | 2,081 sqft |
2023-07-01 | 0 days | 2,100 sqft |
2023-08-01 | 0 days | 2,122 sqft |
2023-09-01 | 0 days | 2,142 sqft |
2023-10-01 | 0 days | 2,144 sqft |
2023-11-01 | 0 days | 2,195 sqft |
2023-12-01 | 0 days | 2,188 sqft |
2024-01-01 | 0 days | 2,019 sqft |
2024-02-01 | 0 days | 1,992 sqft |
2024-03-01 | 0 days | 2,054 sqft |
2024-04-01 | 0 days | 2,210 sqft |
2024-05-01 | 0 days | 2,229 sqft |
2024-06-01 | 0 days | 2,199 sqft |
2024-07-01 | 0 days | 2,248 sqft |
2024-08-01 | 0 days | 2,239 sqft |
2024-09-01 | 0 days | 2,179 sqft |
Oxford's median square footage for active listings during the 2024-09-01 period was 2,179 sqft. One year prior, the average listing was 2,142 sqft.