Starkville USDA Loan Rates, Closing Costs & Stats

Starkville, 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.

    Starkville's 11 lenders originated 23 USDA loans during 2023. The total origination value was $4,335,000, with an average USDA loan value of $188,478.

    Starkville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Starkville averaged 6.53% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Starkville's average USDA mortgage closing costs are $5,469.

    The average rate for the prior week (2024-11-01) was 6.5% and one month ago for the week of 2024-10-04, the average rate was 6.03%.

    The average rate one year ago was 7.26%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.28%.

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

    Starkville 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 Starkville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flagstar Bank, FSB 6 6.35% $9,391
    Renasant Bank 3 6.54% $9,957
    Magnolia Bank 3 5.92% $10,907
    Regions Bank 2 6.00% $5,624
    BancorpSouth 2 6.09% $5,537
    Bank of England 1 5.25% $9,507
    Grand Bank for Savings, FSB 1 7.25% $5,016
    Paramount Residential Mortgage Group, Inc. 1 6.75% $7,282
    CARDINAL FINANCIAL 1 6.75% $11,851
    BankPlus 1 6.38% $5,579
    CIS Financial Services, Inc. 1 5.63% $9,205

    The top Starkville USDA lender as defined by loan originations is Flagstar Bank, FSB, with 6 USDA loans originated. Their average total fees are $9,391, which is $566 lower than the next largest lender, Renasant Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Starkville (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 $232,675 (-10.4%) $264,850 (-1.0%) 0.00 221
    2018-02-01 $234,700 (-9.3%) $264,223 (-1.8%) 0.00 213
    2018-03-01 $229,900 (-8.0%) $258,857 (-4.0%) 0.00 245
    2018-04-01 $225,000 (-13.5%) $254,533 (-6.1%) 0.00 280
    2018-05-01 $225,000 (-10.2%) $251,601 (-5.8%) 0.00 291
    2018-06-01 $225,000 (-13.2%) $251,727 (-6.9%) 0.00 281
    2018-07-01 $229,200 (-8.3%) $253,812 (-4.5%) 0.00 291
    2018-08-01 $224,925 (-7.8%) $256,088 (-0.5%) 0.00 285
    2018-09-01 $229,000 (-6.2%) $259,628 (-1.1%) 0.00 270
    2018-10-01 $232,000 (-2.2%) $256,506 (-3.0%) 0.00 285
    2018-11-01 $232,983 (-0.4%) $260,805 (-0.2%) 0.00 273
    2018-12-01 $237,400 (0.6%) $262,255 (-0.8%) 0.00 255
    2019-01-01 $239,900 (3.1%) $260,641 (-1.6%) 0.00 251
    2019-02-01 $241,450 (2.9%) $264,142 (0.0%) 0.00 264
    2019-03-01 $243,543 (5.9%) $267,067 (3.2%) 0.00 268
    2019-04-01 $246,068 (9.4%) $272,439 (7.0%) 0.00 272
    2019-05-01 $246,500 (9.6%) $273,964 (8.9%) 0.00 281
    2019-06-01 $239,900 (6.6%) $273,275 (8.6%) 0.00 275
    2019-07-01 $251,888 (9.9%) $284,220 (12.0%) 0.00 273
    2019-08-01 $252,927 (12.5%) $282,982 (10.5%) 0.00 266
    2019-09-01 $250,718 (9.5%) $281,739 (8.5%) 0.00 253
    2019-10-01 $249,000 (7.3%) $280,911 (9.5%) 0.00 242
    2019-11-01 $247,500 (6.2%) $281,757 (8.0%) 0.00 234
    2019-12-01 $246,000 (3.6%) $285,029 (8.7%) 0.00 221
    2020-01-01 $254,700 (6.2%) $296,824 (13.9%) 0.00 213
    2020-02-01 $261,640 (8.4%) $312,433 (18.3%) 0.00 212
    2020-03-01 $265,860 (9.2%) $313,497 (17.4%) 0.00 221
    2020-04-01 $261,175 (6.1%) $309,620 (13.7%) 0.00 209
    2020-05-01 $249,900 (1.4%) $291,737 (6.5%) 0.00 239
    2020-06-01 $253,750 (5.8%) $291,188 (6.6%) 0.00 227
    2020-07-01 $264,700 (5.1%) $291,384 (2.5%) 0.00 220
    2020-08-01 $249,900 (-1.2%) $284,132 (0.4%) 0.00 231
    2020-09-01 $229,900 (-8.3%) $278,300 (-1.2%) 0.00 228
    2020-10-01 $238,500 (-4.2%) $284,191 (1.2%) 0.00 223
    2020-11-01 $243,750 (-1.5%) $280,355 (-0.5%) 0.00 200
    2020-12-01 $218,975 (-11.0%) $276,227 (-3.1%) 0.00 201
    2021-01-01 $210,000 (-17.6%) $282,481 (-4.8%) 0.00 191
    2021-02-01 $244,600 (-6.5%) $283,810 (-9.2%) 0.00 186
    2021-03-01 $239,975 (-9.7%) $281,705 (-10.1%) 0.00 169
    2021-04-01 $265,283 (1.6%) $291,290 (-5.9%) 0.00 151
    2021-05-01 $263,550 (5.5%) $293,098 (0.5%) 0.00 145
    2021-06-01 $254,590 (0.3%) $288,178 (-1.0%) 0.00 161
    2021-07-01 $252,255 (-4.7%) $283,217 (-2.8%) 0.00 167
    2021-08-01 $243,075 (-2.7%) $285,178 (0.4%) 0.00 149
    2021-09-01 $224,950 (-2.2%) $278,416 (0.0%) 0.00 147
    2021-10-01 $225,000 (-5.7%) $281,105 (-1.1%) 0.00 130
    2021-11-01 $259,900 (6.6%) $320,807 (14.4%) 0.00 90
    2021-12-01 $276,450 (26.3%) $351,069 (27.1%) 0.00 64
    2022-01-01 $275,000 (31.0%) $348,420 (23.3%) 0.00 75
    2022-02-01 $341,850 (39.8%) $384,597 (35.5%) 0.00 77
    2022-03-01 $334,700 (39.5%) $370,639 (31.6%) 0.00 88
    2022-04-01 $344,000 (29.7%) $374,064 (28.4%) 0.00 73
    2022-05-01 $328,150 (24.5%) $365,310 (24.6%) 0.00 78
    2022-06-01 $327,450 (28.6%) $355,574 (23.4%) 0.00 95
    2022-07-01 $343,500 (36.2%) $374,321 (32.2%) 0.00 113
    2022-08-01 $335,600 (38.1%) $377,065 (32.2%) 0.00 92
    2022-09-01 $337,400 (50.0%) $378,524 (36.0%) 0.00 94
    2022-10-01 $356,200 (58.3%) $382,219 (36.0%) 0.00 95
    2022-11-01 $354,150 (36.3%) $381,351 (18.9%) 0.00 105
    2022-12-01 $367,950 (33.1%) $387,874 (10.5%) 0.00 94
    2023-01-01 $380,000 (38.2%) $402,690 (15.6%) 0.00 95
    2023-02-01 $411,375 (20.3%) $406,337 (5.7%) 0.00 89
    2023-03-01 $414,000 (23.7%) $416,650 (12.4%) 0.00 92
    2023-04-01 $410,200 (19.2%) $408,348 (9.2%) 0.00 98
    2023-05-01 $407,775 (24.3%) $413,348 (13.2%) 0.00 114
    2023-06-01 $394,375 (20.4%) $401,686 (13.0%) 0.00 115
    2023-07-01 $409,900 (19.3%) $410,052 (9.6%) 0.00 108
    2023-08-01 $409,900 (22.1%) $430,981 (14.3%) 0.00 123
    2023-09-01 $372,500 (10.4%) $421,858 (11.5%) 0.00 107
    2023-10-01 $360,000 (1.1%) $419,855 (9.9%) 0.00 124
    2023-11-01 $352,250 (-0.5%) $405,054 (6.2%) 0.00 148
    2023-12-01 $367,250 (-0.2%) $426,715 (10.0%) 0.00 155
    2024-01-01 $378,750 (-0.3%) $427,145 (6.1%) 0.00 141
    2024-02-01 $376,500 (-8.5%) $418,631 (3.0%) 0.00 141
    2024-03-01 $378,000 (-8.7%) $421,485 (1.2%) 0.00 155
    2024-04-01 $372,475 (-9.2%) $418,556 (2.5%) 0.00 173
    2024-05-01 $375,000 (-8.0%) $420,166 (1.7%) 0.00 182
    2024-06-01 $380,000 (-3.7%) $419,348 (4.4%) 0.00 195
    2024-07-01 $351,250 (-14.3%) $404,915 (-1.3%) 0.00 216
    2024-08-01 $349,999 (-14.6%) $394,143 (-8.6%) 0.00 212
    2024-09-01 $346,224 (-7.1%) $388,800 (-7.8%) 0.00 221
    2024-10-01 $350,000 (-2.8%) $399,796 (-4.8%) 0.00 214
    Starkville's median listing price for 2024-10-01 was $350,000, a difference of $-10,000 (-2.8%) versus the prior year and $3,776 versus the prior month.

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

    Starkville's average listing price for 2024-10-01 was $399,796, a difference of $-20,059 (-4.8%) versus the prior year and $10,996 versus the prior month.

    For the 2024-10-01 period, Starkville had 214 MLS listings, a difference of -7 listings (-3%) versus the prior month and 90 listings (73%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Starkville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,789 sqft
    2018-02-01 0 days 1,753 sqft
    2018-03-01 0 days 1,795 sqft
    2018-04-01 0 days 1,726 sqft
    2018-05-01 0 days 1,677 sqft
    2018-06-01 0 days 1,690 sqft
    2018-07-01 0 days 1,732 sqft
    2018-08-01 0 days 1,759 sqft
    2018-09-01 0 days 1,733 sqft
    2018-10-01 0 days 1,700 sqft
    2018-11-01 0 days 1,689 sqft
    2018-12-01 0 days 1,689 sqft
    2019-01-01 0 days 1,668 sqft
    2019-02-01 0 days 1,689 sqft
    2019-03-01 0 days 1,689 sqft
    2019-04-01 0 days 1,687 sqft
    2019-05-01 0 days 1,631 sqft
    2019-06-01 0 days 1,610 sqft
    2019-07-01 0 days 1,708 sqft
    2019-08-01 0 days 1,729 sqft
    2019-09-01 0 days 1,741 sqft
    2019-10-01 0 days 1,744 sqft
    2019-11-01 0 days 1,736 sqft
    2019-12-01 0 days 1,729 sqft
    2020-01-01 0 days 1,735 sqft
    2020-02-01 0 days 1,759 sqft
    2020-03-01 0 days 1,759 sqft
    2020-04-01 0 days 1,757 sqft
    2020-05-01 0 days 1,710 sqft
    2020-06-01 0 days 1,728 sqft
    2020-07-01 0 days 1,734 sqft
    2020-08-01 0 days 1,710 sqft
    2020-09-01 0 days 1,649 sqft
    2020-10-01 0 days 1,645 sqft
    2020-11-01 0 days 1,583 sqft
    2020-12-01 0 days 1,544 sqft
    2021-01-01 0 days 1,517 sqft
    2021-02-01 0 days 1,509 sqft
    2021-03-01 0 days 1,495 sqft
    2021-04-01 0 days 1,471 sqft
    2021-05-01 0 days 1,425 sqft
    2021-06-01 0 days 1,403 sqft
    2021-07-01 0 days 1,388 sqft
    2021-08-01 0 days 1,470 sqft
    2021-09-01 0 days 1,508 sqft
    2021-10-01 0 days 1,508 sqft
    2021-11-01 0 days 1,653 sqft
    2021-12-01 0 days 1,821 sqft
    2022-01-01 0 days 1,877 sqft
    2022-02-01 0 days 1,690 sqft
    2022-03-01 0 days 2,069 sqft
    2022-04-01 0 days 2,032 sqft
    2022-05-01 0 days 1,992 sqft
    2022-06-01 0 days 2,012 sqft
    2022-07-01 0 days 2,156 sqft
    2022-08-01 0 days 2,153 sqft
    2022-09-01 0 days 2,148 sqft
    2022-10-01 0 days 2,156 sqft
    2022-11-01 0 days 2,110 sqft
    2022-12-01 0 days 2,050 sqft
    2023-01-01 0 days 2,110 sqft
    2023-02-01 0 days 2,130 sqft
    2023-03-01 0 days 2,178 sqft
    2023-04-01 0 days 2,147 sqft
    2023-05-01 0 days 1,888 sqft
    2023-06-01 0 days 1,797 sqft
    2023-07-01 0 days 1,932 sqft
    2023-08-01 0 days 2,065 sqft
    2023-09-01 0 days 2,001 sqft
    2023-10-01 0 days 1,964 sqft
    2023-11-01 0 days 1,811 sqft
    2023-12-01 0 days 1,769 sqft
    2024-01-01 0 days 1,774 sqft
    2024-02-01 0 days 1,778 sqft
    2024-03-01 0 days 1,769 sqft
    2024-04-01 0 days 1,789 sqft
    2024-05-01 0 days 1,814 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,715 sqft
    2024-08-01 0 days 1,684 sqft
    2024-09-01 0 days 1,656 sqft
    2024-10-01 0 days 1,667 sqft
    Starkville's median listing age (time on market) for 2024-10-01 was 0 days.

    Starkville's median square footage for active listings during the 2024-10-01 period was 1,667 sqft. One year prior, the average listing was 1,964 sqft.