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 7 lenders originated 30 USDA loans during 2024. The total origination value was $5,150,000, with an average USDA loan value of $171,667.

Vicksburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Vicksburg averaged 0.26% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Vicksburg's average USDA mortgage closing costs are $5,189.

The average rate for the prior week (2025-06-13) was 6.76% and one month ago for the week of 2025-05-16, the average rate was 6.72%.

The average rate one year ago was 6.75%.

For refis of the same type during the week of 2025-06-20, the average rate was 0.2%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Trustmark National Bank 13 6.03% $6,112
GUILD MORTGAGE COMPANY 5 6.50% $5,716
MORTGAGE INVESTORS GROUP, INC. 4 6.53% $6,128
BancorpSouth 4 6.14% $5,582
GMFS LLC 1 5.63% $7,325
American Mortgage Bank, LLC 1 5.75% $5,827
Renasant Bank 1 6.99% $7,197

The top Vicksburg USDA lender as defined by loan originations is Trustmark National Bank, with 13 USDA loans originated. Their average total fees are $6,112, which is $395 higher than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Vicksburg USDA lenders (with over 10 loans originated) are Trustmark National Bank ($6,112), .

The lowest rate Vicksburg USDA lenders (with over 10 loans originated) are Trustmark National Bank (6.03%), .