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%.

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

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. Louis
Date 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 for 2024-10-01 was $210,000, a difference of $44,550 (26.9%) versus the prior year and $13,050 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-10-01 was 0 days.

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.