Vicksburg USDA Loan Rates, Closing Costs & Stats
Vicksburg, 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.
Vicksburg's 10 lenders originated 33 USDA loans during 2023. The total origination value was $5,855,000, with an average USDA loan value of $177,424.
Vicksburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Vicksburg
averaged
0.11%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Vicksburg's average USDA mortgage closing costs are $5,114.
The average rate for the prior week (2024-11-22) was
6.22% and
one month ago for the week of 2024-10-25, the
average rate was 6.42%.
The average rate one year ago was 6.92%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Vicksburg 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 Vicksburg level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Trustmark National Bank | 15 | 5.98% | $6,725 |
BancorpSouth | 4 | 6.64% | $5,846 |
OPEN MORTGAGE, LLC | 4 | 6.75% | $6,021 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 4 | 6.20% | $6,488 |
Mortgage Research Center, LLC | 1 | 7.88% | $2,983 |
SWBC MORTGAGE CORPORATION | 1 | 6.75% | $3,827 |
Magnolia Bank | 1 | 7.13% | $7,192 |
Community Bank of Mississippi | 1 | 6.25% | $5,519 |
FIDELITY BANK | 1 | 7.13% | $6,525 |
AMERICAN FINANCIAL NETWORK, INC. | 1 | 7.50% | $11,801 |
The top Vicksburg USDA lender as defined by loan originations is Trustmark National Bank, with
15 USDA loans originated. Their average total fees are
$6,725, which is $879
higher than the next largest lender,
BancorpSouth.
The lowest fee Vicksburg USDA lenders (with over 10 loans originated) are
Trustmark National Bank ($6,725), .
The lowest rate Vicksburg USDA lenders (with over 10 loans originated) are
Trustmark National Bank (5.98%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Vicksburg (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 | $132,475 (-2.4%) | $167,763 (2.6%) | 0.00 | 221 |
2018-02-01 | $129,900 (-1.9%) | $167,138 (3.5%) | 0.00 | 220 |
2018-03-01 | $131,500 (-9.3%) | $169,082 (-1.7%) | 0.00 | 209 |
2018-04-01 | $134,000 (-7.3%) | $174,355 (1.5%) | 0.00 | 204 |
2018-05-01 | $129,900 (-7.2%) | $170,651 (-2.0%) | 0.00 | 214 |
2018-06-01 | $129,900 (-8.0%) | $175,078 (0.1%) | 0.00 | 214 |
2018-07-01 | $141,175 (-5.2%) | $182,431 (1.5%) | 0.00 | 216 |
2018-08-01 | $137,250 (-8.0%) | $178,927 (0.3%) | 0.00 | 211 |
2018-09-01 | $143,500 (-4.3%) | $180,256 (-1.2%) | 0.00 | 198 |
2018-10-01 | $147,000 (-1.6%) | $182,183 (0.6%) | 0.00 | 197 |
2018-11-01 | $144,950 (-2.7%) | $186,009 (2.1%) | 0.00 | 192 |
2018-12-01 | $151,250 (4.7%) | $189,423 (5.7%) | 0.00 | 180 |
2019-01-01 | $146,500 (10.6%) | $189,066 (12.7%) | 0.00 | 165 |
2019-02-01 | $154,200 (18.7%) | $188,799 (13.0%) | 0.00 | 155 |
2019-03-01 | $147,143 (11.9%) | $185,521 (9.7%) | 0.00 | 156 |
2019-04-01 | $149,643 (11.7%) | $186,885 (7.2%) | 0.00 | 155 |
2019-05-01 | $134,975 (3.9%) | $179,506 (5.2%) | 0.00 | 147 |
2019-06-01 | $131,500 (1.2%) | $176,427 (0.8%) | 0.00 | 147 |
2019-07-01 | $130,000 (-7.9%) | $168,267 (-7.8%) | 0.00 | 135 |
2019-08-01 | $130,272 (-5.1%) | $166,858 (-6.7%) | 0.00 | 133 |
2019-09-01 | $130,681 (-8.9%) | $171,671 (-4.8%) | 0.00 | 126 |
2019-10-01 | $133,500 (-9.2%) | $177,331 (-2.7%) | 0.00 | 125 |
2019-11-01 | $140,000 (-3.4%) | $193,768 (4.2%) | 0.00 | 123 |
2019-12-01 | $149,000 (-1.5%) | $197,185 (4.1%) | 0.00 | 125 |
2020-01-01 | $140,750 (-3.9%) | $188,808 (-0.1%) | 0.00 | 112 |
2020-02-01 | $150,000 (-2.7%) | $189,455 (0.4%) | 0.00 | 116 |
2020-03-01 | $159,950 (8.7%) | $197,921 (6.7%) | 0.00 | 119 |
2020-04-01 | $162,500 (8.6%) | $191,250 (2.3%) | 0.00 | 115 |
2020-05-01 | $154,500 (14.5%) | $193,765 (7.9%) | 0.00 | 109 |
2020-06-01 | $150,000 (14.1%) | $198,237 (12.4%) | 0.00 | 98 |
2020-07-01 | $159,450 (22.7%) | $202,861 (20.6%) | 0.00 | 93 |
2020-08-01 | $165,000 (26.7%) | $207,730 (24.5%) | 0.00 | 94 |
2020-09-01 | $173,450 (32.7%) | $227,647 (32.6%) | 0.00 | 95 |
2020-10-01 | $191,000 (43.1%) | $245,539 (38.5%) | 0.00 | 86 |
2020-11-01 | $185,000 (32.1%) | $237,069 (22.4%) | 0.00 | 90 |
2020-12-01 | $163,475 (9.7%) | $235,006 (19.2%) | 0.00 | 84 |
2021-01-01 | $159,250 (13.1%) | $213,167 (12.9%) | 0.00 | 72 |
2021-02-01 | $154,950 (3.3%) | $202,758 (7.0%) | 0.00 | 68 |
2021-03-01 | $149,638 (-6.5%) | $198,735 (0.4%) | 0.00 | 73 |
2021-04-01 | $143,475 (-11.7%) | $194,117 (1.5%) | 0.00 | 68 |
2021-05-01 | $167,500 (8.4%) | $210,536 (8.7%) | 0.00 | 67 |
2021-06-01 | $169,950 (13.3%) | $252,418 (27.3%) | 0.00 | 67 |
2021-07-01 | $150,000 (-5.9%) | $245,402 (21.0%) | 0.00 | 61 |
2021-08-01 | $152,500 (-7.6%) | $247,136 (19.0%) | 0.00 | 70 |
2021-09-01 | $159,000 (-8.3%) | $254,997 (12.0%) | 0.00 | 62 |
2021-10-01 | $139,450 (-27.0%) | $213,983 (-12.9%) | 0.00 | 64 |
2021-11-01 | $145,900 (-21.1%) | $228,776 (-3.5%) | 0.00 | 66 |
2021-12-01 | $139,975 (-14.4%) | $227,954 (-3.0%) | 0.00 | 65 |
2022-01-01 | $150,000 (-5.8%) | $219,374 (2.9%) | 0.00 | 62 |
2022-02-01 | $171,250 (10.5%) | $233,396 (15.1%) | 0.00 | 63 |
2022-03-01 | $167,500 (11.9%) | $229,715 (15.6%) | 0.00 | 62 |
2022-04-01 | $176,300 (22.9%) | $228,085 (17.5%) | 0.00 | 69 |
2022-05-01 | $220,000 (31.3%) | $265,771 (26.2%) | 0.00 | 73 |
2022-06-01 | $206,250 (21.4%) | $248,896 (-1.4%) | 0.00 | 85 |
2022-07-01 | $220,000 (46.7%) | $252,854 (3.0%) | 0.00 | 84 |
2022-08-01 | $200,000 (31.2%) | $257,469 (4.2%) | 0.00 | 84 |
2022-09-01 | $215,500 (35.5%) | $255,293 (0.1%) | 0.00 | 82 |
2022-10-01 | $195,000 (39.8%) | $226,395 (5.8%) | 0.00 | 80 |
2022-11-01 | $189,000 (29.5%) | $218,882 (-4.3%) | 0.00 | 87 |
2022-12-01 | $185,250 (32.4%) | $212,418 (-6.8%) | 0.00 | 85 |
2023-01-01 | $180,750 (20.5%) | $195,919 (-10.7%) | 0.00 | 88 |
2023-02-01 | $160,000 (-6.6%) | $188,353 (-19.3%) | 0.00 | 86 |
2023-03-01 | $154,500 (-7.8%) | $182,482 (-20.6%) | 0.00 | 84 |
2023-04-01 | $167,700 (-4.9%) | $199,200 (-12.7%) | 0.00 | 90 |
2023-05-01 | $159,900 (-27.3%) | $197,835 (-25.6%) | 0.00 | 86 |
2023-06-01 | $157,000 (-23.9%) | $192,133 (-22.8%) | 0.00 | 88 |
2023-07-01 | $168,750 (-23.3%) | $196,594 (-22.3%) | 0.00 | 88 |
2023-08-01 | $182,725 (-8.6%) | $207,726 (-19.3%) | 0.00 | 95 |
2023-09-01 | $165,000 (-23.4%) | $194,258 (-23.9%) | 0.00 | 98 |
2023-10-01 | $165,450 (-15.2%) | $196,602 (-13.2%) | 0.00 | 97 |
2023-11-01 | $165,975 (-12.2%) | $201,325 (-8.0%) | 0.00 | 98 |
2023-12-01 | $174,950 (-5.6%) | $212,708 (0.1%) | 0.00 | 95 |
2024-01-01 | $183,750 (1.7%) | $210,945 (7.7%) | 0.00 | 80 |
2024-02-01 | $183,750 (14.8%) | $216,236 (14.8%) | 0.00 | 90 |
2024-03-01 | $192,500 (24.6%) | $221,138 (21.2%) | 0.00 | 76 |
2024-04-01 | $172,400 (2.8%) | $212,905 (6.9%) | 0.00 | 74 |
2024-05-01 | $213,000 (33.2%) | $230,875 (16.7%) | 0.00 | 86 |
2024-06-01 | $230,000 (46.5%) | $243,775 (26.9%) | 0.00 | 89 |
2024-07-01 | $216,500 (28.3%) | $238,802 (21.5%) | 0.00 | 90 |
2024-08-01 | $211,000 (15.5%) | $234,973 (13.1%) | 0.00 | 84 |
2024-09-01 | $196,950 (19.4%) | $225,017 (15.8%) | 0.00 | 93 |
2024-10-01 | $210,000 (26.9%) | $228,687 (16.3%) | 0.00 | 101 |
Vicksburg's median listing price comes in at 0% of the national average.
Vicksburg's average listing price for 2024-10-01 was $228,687, a difference of $32,085 (16.3%) versus the prior year and $3,670 versus the prior month.
For the 2024-10-01 period, Vicksburg had 101 MLS listings, a difference of 8 listings (9%) versus the prior month and 4 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Vicksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,837 sqft |
2018-02-01 | 0 days | 1,839 sqft |
2018-03-01 | 0 days | 1,866 sqft |
2018-04-01 | 0 days | 1,908 sqft |
2018-05-01 | 0 days | 1,893 sqft |
2018-06-01 | 0 days | 1,891 sqft |
2018-07-01 | 0 days | 1,910 sqft |
2018-08-01 | 0 days | 1,907 sqft |
2018-09-01 | 0 days | 1,907 sqft |
2018-10-01 | 0 days | 1,915 sqft |
2018-11-01 | 0 days | 1,955 sqft |
2018-12-01 | 0 days | 1,958 sqft |
2019-01-01 | 0 days | 1,944 sqft |
2019-02-01 | 0 days | 1,929 sqft |
2019-03-01 | 0 days | 1,880 sqft |
2019-04-01 | 0 days | 1,882 sqft |
2019-05-01 | 0 days | 1,824 sqft |
2019-06-01 | 0 days | 1,805 sqft |
2019-07-01 | 0 days | 1,770 sqft |
2019-08-01 | 0 days | 1,755 sqft |
2019-09-01 | 0 days | 1,759 sqft |
2019-10-01 | 0 days | 1,762 sqft |
2019-11-01 | 0 days | 1,812 sqft |
2019-12-01 | 0 days | 1,806 sqft |
2020-01-01 | 0 days | 1,800 sqft |
2020-02-01 | 0 days | 1,780 sqft |
2020-03-01 | 0 days | 1,849 sqft |
2020-04-01 | 0 days | 1,868 sqft |
2020-05-01 | 0 days | 1,851 sqft |
2020-06-01 | 0 days | 1,820 sqft |
2020-07-01 | 0 days | 1,838 sqft |
2020-08-01 | 0 days | 1,851 sqft |
2020-09-01 | 0 days | 1,926 sqft |
2020-10-01 | 0 days | 2,100 sqft |
2020-11-01 | 0 days | 2,034 sqft |
2020-12-01 | 0 days | 1,861 sqft |
2021-01-01 | 0 days | 1,850 sqft |
2021-02-01 | 0 days | 1,825 sqft |
2021-03-01 | 0 days | 1,767 sqft |
2021-04-01 | 0 days | 1,672 sqft |
2021-05-01 | 0 days | 1,839 sqft |
2021-06-01 | 0 days | 1,735 sqft |
2021-07-01 | 0 days | 1,661 sqft |
2021-08-01 | 0 days | 1,727 sqft |
2021-09-01 | 0 days | 1,702 sqft |
2021-10-01 | 0 days | 1,703 sqft |
2021-11-01 | 0 days | 1,703 sqft |
2021-12-01 | 0 days | 1,644 sqft |
2022-01-01 | 0 days | 1,675 sqft |
2022-02-01 | 0 days | 1,759 sqft |
2022-03-01 | 0 days | 1,745 sqft |
2022-04-01 | 0 days | 1,912 sqft |
2022-05-01 | 0 days | 2,054 sqft |
2022-06-01 | 0 days | 1,862 sqft |
2022-07-01 | 0 days | 1,864 sqft |
2022-08-01 | 0 days | 1,856 sqft |
2022-09-01 | 0 days | 1,860 sqft |
2022-10-01 | 0 days | 1,822 sqft |
2022-11-01 | 0 days | 1,803 sqft |
2022-12-01 | 0 days | 1,832 sqft |
2023-01-01 | 0 days | 1,827 sqft |
2023-02-01 | 0 days | 1,843 sqft |
2023-03-01 | 0 days | 1,847 sqft |
2023-04-01 | 0 days | 1,929 sqft |
2023-05-01 | 0 days | 1,821 sqft |
2023-06-01 | 0 days | 1,816 sqft |
2023-07-01 | 0 days | 1,829 sqft |
2023-08-01 | 0 days | 1,866 sqft |
2023-09-01 | 0 days | 1,853 sqft |
2023-10-01 | 0 days | 1,902 sqft |
2023-11-01 | 0 days | 1,892 sqft |
2023-12-01 | 0 days | 1,916 sqft |
2024-01-01 | 0 days | 1,925 sqft |
2024-02-01 | 0 days | 1,924 sqft |
2024-03-01 | 0 days | 1,924 sqft |
2024-04-01 | 0 days | 1,871 sqft |
2024-05-01 | 0 days | 1,977 sqft |
2024-06-01 | 0 days | 2,048 sqft |
2024-07-01 | 0 days | 2,010 sqft |
2024-08-01 | 0 days | 1,956 sqft |
2024-09-01 | 0 days | 1,926 sqft |
2024-10-01 | 0 days | 1,936 sqft |
Vicksburg's median square footage for active listings during the 2024-10-01 period was 1,936 sqft. One year prior, the average listing was 1,902 sqft.