Oxford USDA Loan Rates, Closing Costs & Stats

Oxford, 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.

    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 6.73% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Oxford's average USDA mortgage closing costs are $5,100.

    The average rate for the prior week (2024-04-12) was 6.78% and one month ago for the week of 2024-03-15, the average rate was 6.66%.

    The average rate one year ago was 6.3%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    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. Louis
    Date 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
    Oxford's median listing price for 2024-03-01 was $539,900, a difference of $90,900 (20.2%) versus the prior year and $47,900 versus the prior month.

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

    Oxford's average listing price for 2024-03-01 was $669,556, a difference of $129,502 (24.0%) versus the prior year and $24,516 versus the prior month.

    For the 2024-03-01 period, Oxford had 142 MLS listings, a difference of -16 listings (-10%) versus the prior month and 13 listings (10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Oxford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,930 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
    Oxford's median listing age (time on market) for 2024-03-01 was 0 days.

    Oxford's median square footage for active listings during the 2024-03-01 period was 2,054 sqft. One year prior, the average listing was 1,911 sqft.