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 6.81% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.65% and one month ago for the week of 2024-04-12, the average rate was 6.48%.

The average rate one year ago was 6.56%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.65%.

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
2024-04-01 $594,750 (32.2%) $717,565 (30.7%) 0.00 149
Oxford's median listing price for 2024-04-01 was $594,750, a difference of $144,850 (32.2%) versus the prior year and $54,850 versus the prior month.

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

Oxford's average listing price for 2024-04-01 was $717,565, a difference of $168,717 (30.7%) versus the prior year and $48,009 versus the prior month.

For the 2024-04-01 period, Oxford had 149 MLS listings, a difference of 7 listings (5%) 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
2024-04-01 0 days 2,210 sqft
Oxford's median listing age (time on market) for 2024-04-01 was 0 days.

Oxford's median square footage for active listings during the 2024-04-01 period was 2,210 sqft. One year prior, the average listing was 1,996 sqft.