Clarksdale VA Loan Rates, Closing Costs & Stats
Clarksdale, MS
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Clarksdale's 2 lenders originated 2 VA loans during 2023. The total origination value was $240,000, with an average VA loan value of $120,000.
Clarksdale VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Clarksdale
averaged
6.57%
for the week of 2024-04-12, compared to the national average (all VA variants) of
6.574% for the same period.
Clarksdale's average VA mortgage closing costs are $4,291.
The average rate for the prior week (2024-04-05) was
6.32% and
one month ago for the week of 2024-03-08, the
average rate was 6.25%.
The average rate one year ago was 6.05%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.77%.
Clarksdale VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Clarksdale level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Barrington Bank & Trust Company, N.A. | 1 | 6.25% | $8,494 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.75% | $750 |
The top Clarksdale VA lender as defined by loan originations is Barrington Bank & Trust Company, N.A., with
1 VA loans originated. Their average total fees are
$8,494, which is $7,744
higher than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Clarksdale VA lenders (with over 10 loans originated) are
.
The lowest rate Clarksdale VA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Clarksdale (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 | $94,000 (-9.2%) | $145,052 (6.4%) | 0.00 | 42 |
| 2018-02-01 | $88,000 (-9.0%) | $132,839 (1.7%) | 0.00 | 48 |
| 2018-03-01 | $80,000 (-8.0%) | $128,665 (1.5%) | 0.00 | 47 |
| 2018-04-01 | $79,500 (8.9%) | $133,788 (19.2%) | 0.00 | 42 |
| 2018-05-01 | $80,000 (9.6%) | $147,589 (35.9%) | 0.00 | 41 |
| 2018-06-01 | $99,000 (14.1%) | $162,454 (32.5%) | 0.00 | 39 |
| 2018-07-01 | $82,500 (-7.6%) | $158,875 (24.6%) | 0.00 | 41 |
| 2018-08-01 | $87,125 (2.8%) | $170,653 (17.2%) | 0.00 | 37 |
| 2018-09-01 | $112,950 (6.3%) | $171,067 (5.0%) | 0.00 | 40 |
| 2018-10-01 | $130,500 (31.8%) | $178,688 (14.9%) | 0.00 | 37 |
| 2018-11-01 | $131,000 (34.2%) | $163,000 (13.3%) | 0.00 | 35 |
| 2018-12-01 | $129,950 (31.3%) | $156,988 (8.2%) | 0.00 | 36 |
| 2019-01-01 | $140,000 (48.9%) | $163,199 (12.5%) | 0.00 | 39 |
| 2019-02-01 | $121,700 (38.3%) | $150,085 (13.0%) | 0.00 | 45 |
| 2019-03-01 | $125,807 (57.3%) | $152,167 (18.3%) | 0.00 | 46 |
| 2019-04-01 | $129,807 (63.3%) | $150,122 (12.2%) | 0.00 | 46 |
| 2019-05-01 | $99,750 (24.7%) | $143,307 (-2.9%) | 0.00 | 47 |
| 2019-06-01 | $96,000 (-3.0%) | $129,427 (-20.3%) | 0.00 | 56 |
| 2019-07-01 | $128,450 (55.7%) | $151,243 (-4.8%) | 0.00 | 45 |
| 2019-08-01 | $120,882 (38.8%) | $142,768 (-16.3%) | 0.00 | 47 |
| 2019-09-01 | $99,855 (-11.6%) | $129,872 (-24.1%) | 0.00 | 50 |
| 2019-10-01 | $84,500 (-35.3%) | $121,546 (-32.0%) | 0.00 | 50 |
| 2019-11-01 | $88,000 (-32.8%) | $128,058 (-21.4%) | 0.00 | 46 |
| 2019-12-01 | $84,875 (-34.7%) | $124,352 (-20.8%) | 0.00 | 43 |
| 2020-01-01 | $86,000 (-38.6%) | $128,320 (-21.4%) | 0.00 | 47 |
| 2020-02-01 | $88,500 (-27.3%) | $134,640 (-10.3%) | 0.00 | 40 |
| 2020-03-01 | $128,725 (2.3%) | $147,146 (-3.3%) | 0.00 | 40 |
| 2020-04-01 | $117,000 (-9.9%) | $138,602 (-7.7%) | 0.00 | 43 |
| 2020-05-01 | $78,000 (-21.8%) | $131,131 (-8.5%) | 0.00 | 42 |
| 2020-06-01 | $85,750 (-10.7%) | $137,548 (6.3%) | 0.00 | 38 |
| 2020-07-01 | $95,389 (-25.7%) | $144,480 (-4.5%) | 0.00 | 31 |
| 2020-08-01 | $89,000 (-26.4%) | $146,424 (2.6%) | 0.00 | 30 |
| 2020-09-01 | $147,500 (47.7%) | $176,362 (35.8%) | 0.00 | 32 |
| 2020-10-01 | $160,000 (89.4%) | $176,582 (45.3%) | 0.00 | 31 |
| 2020-11-01 | $125,000 (42.1%) | $155,036 (21.1%) | 0.00 | 30 |
| 2020-12-01 | $160,500 (89.1%) | $165,099 (32.8%) | 0.00 | 23 |
| 2021-01-01 | $150,000 (74.4%) | $166,189 (29.5%) | 0.00 | 21 |
| 2021-02-01 | $139,995 (58.2%) | $162,700 (20.8%) | 0.00 | 25 |
| 2021-03-01 | $127,448 (-1.0%) | $160,764 (9.3%) | 0.00 | 24 |
| 2021-04-01 | $152,225 (30.1%) | $176,789 (27.6%) | 0.00 | 21 |
| 2021-05-01 | $215,000 (175.6%) | $197,983 (51.0%) | 0.00 | 16 |
| 2021-06-01 | $202,450 (136.1%) | $183,100 (33.1%) | 0.00 | 13 |
| 2021-07-01 | $189,900 (99.1%) | $169,623 (17.4%) | 0.00 | 13 |
| 2021-08-01 | $94,950 (6.7%) | $153,545 (4.9%) | 0.00 | 15 |
| 2021-09-01 | $92,475 (-37.3%) | $134,753 (-23.6%) | 0.00 | 14 |
| 2021-10-01 | $81,500 (-49.1%) | $126,072 (-28.6%) | 0.00 | 19 |
| 2021-11-01 | $89,625 (-28.3%) | $122,703 (-20.9%) | 0.00 | 23 |
| 2021-12-01 | $75,500 (-53.0%) | $110,483 (-33.1%) | 0.00 | 20 |
| 2022-01-01 | $80,000 (-46.7%) | $112,784 (-32.1%) | 0.00 | 16 |
| 2022-02-01 | $119,250 (-14.8%) | $142,083 (-12.7%) | 0.00 | 15 |
| 2022-03-01 | $109,000 (-14.5%) | $134,029 (-16.6%) | 0.00 | 19 |
| 2022-04-01 | $94,500 (-37.9%) | $127,430 (-27.9%) | 0.00 | 17 |
| 2022-05-01 | $107,750 (-49.9%) | $126,909 (-35.9%) | 0.00 | 16 |
| 2022-06-01 | $92,750 (-54.2%) | $125,746 (-31.3%) | 0.00 | 13 |
| 2022-07-01 | $115,000 (-39.4%) | $171,024 (0.8%) | 0.00 | 19 |
| 2022-08-01 | $113,675 (19.7%) | $159,473 (3.9%) | 0.00 | 22 |
| 2022-09-01 | $105,125 (13.7%) | $154,440 (14.6%) | 0.00 | 22 |
| 2022-10-01 | $100,500 (23.3%) | $153,044 (21.4%) | 0.00 | 24 |
| 2022-11-01 | $47,000 (-47.6%) | $105,113 (-14.3%) | 0.00 | 34 |
| 2022-12-01 | $49,000 (-35.1%) | $95,434 (-13.6%) | 0.00 | 34 |
| 2023-01-01 | $54,900 (-31.4%) | $97,993 (-13.1%) | 0.00 | 37 |
| 2023-02-01 | $54,450 (-54.3%) | $126,974 (-10.6%) | 0.00 | 39 |
| 2023-03-01 | $59,875 (-45.1%) | $119,629 (-10.7%) | 0.00 | 29 |
| 2023-04-01 | $55,000 (-41.8%) | $124,108 (-2.6%) | 0.00 | 26 |
| 2023-05-01 | $148,725 (38.0%) | $146,745 (15.6%) | 0.00 | 19 |
| 2023-06-01 | $160,000 (72.5%) | $158,841 (26.3%) | 0.00 | 21 |
| 2023-07-01 | $129,900 (13.0%) | $138,350 (-19.1%) | 0.00 | 22 |
| 2023-08-01 | $86,000 (-24.4%) | $140,738 (-11.8%) | 0.00 | 21 |
| 2023-09-01 | $84,000 (-20.1%) | $140,897 (-8.8%) | 0.00 | 27 |
| 2023-10-01 | $90,113 (-10.3%) | $145,545 (-4.9%) | 0.00 | 29 |
| 2023-11-01 | $98,488 (109.6%) | $146,890 (39.7%) | 0.00 | 29 |
| 2023-12-01 | $112,500 (129.6%) | $174,217 (82.6%) | 0.00 | 29 |
| 2024-01-01 | $112,475 (104.9%) | $179,991 (83.7%) | 0.00 | 27 |
| 2024-02-01 | $92,475 (69.8%) | $191,720 (51.0%) | 0.00 | 27 |
| 2024-03-01 | $85,000 (42.0%) | $590,746 (393.8%) | 0.00 | 26 |
Clarksdale's median listing price comes in at 0% of the national average.
Clarksdale's average listing price for 2024-03-01 was $590,746, a difference of $471,117 (393.8%) versus the prior year and $399,026 versus the prior month.
For the 2024-03-01 period, Clarksdale had 26 MLS listings, a difference of -1 listings (-4%) versus the prior month and -3 listings (-10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Clarksdale (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,484 sqft |
| 2018-02-01 | 0 days | 2,181 sqft |
| 2018-03-01 | 0 days | 2,021 sqft |
| 2018-04-01 | 0 days | 1,834 sqft |
| 2018-05-01 | 0 days | 1,846 sqft |
| 2018-06-01 | 0 days | 2,165 sqft |
| 2018-07-01 | 0 days | 2,071 sqft |
| 2018-08-01 | 0 days | 2,071 sqft |
| 2018-09-01 | 0 days | 2,100 sqft |
| 2018-10-01 | 0 days | 2,166 sqft |
| 2018-11-01 | 0 days | 2,200 sqft |
| 2018-12-01 | 0 days | 2,163 sqft |
| 2019-01-01 | 0 days | 2,159 sqft |
| 2019-02-01 | 0 days | 2,166 sqft |
| 2019-03-01 | 0 days | 2,357 sqft |
| 2019-04-01 | 0 days | 2,508 sqft |
| 2019-05-01 | 0 days | 2,491 sqft |
| 2019-06-01 | 0 days | 2,446 sqft |
| 2019-07-01 | 0 days | 2,473 sqft |
| 2019-08-01 | 0 days | 2,326 sqft |
| 2019-09-01 | 0 days | 2,179 sqft |
| 2019-10-01 | 0 days | 2,065 sqft |
| 2019-11-01 | 0 days | 2,424 sqft |
| 2019-12-01 | 0 days | 2,318 sqft |
| 2020-01-01 | 0 days | 2,309 sqft |
| 2020-02-01 | 0 days | 2,316 sqft |
| 2020-03-01 | 0 days | 2,370 sqft |
| 2020-04-01 | 0 days | 2,534 sqft |
| 2020-05-01 | 0 days | 2,424 sqft |
| 2020-06-01 | 0 days | 2,361 sqft |
| 2020-07-01 | 0 days | 2,309 sqft |
| 2020-08-01 | 0 days | 2,408 sqft |
| 2020-09-01 | 0 days | 2,678 sqft |
| 2020-10-01 | 0 days | 2,676 sqft |
| 2020-11-01 | 0 days | 2,457 sqft |
| 2020-12-01 | 0 days | 2,654 sqft |
| 2021-01-01 | 0 days | 2,584 sqft |
| 2021-02-01 | 0 days | 2,557 sqft |
| 2021-03-01 | 0 days | 2,524 sqft |
| 2021-04-01 | 0 days | 2,584 sqft |
| 2021-05-01 | 0 days | 2,854 sqft |
| 2021-06-01 | 0 days | 2,962 sqft |
| 2021-07-01 | 0 days | 2,295 sqft |
| 2021-08-01 | 0 days | 1,893 sqft |
| 2021-09-01 | 0 days | 1,786 sqft |
| 2021-10-01 | 0 days | 1,745 sqft |
| 2021-11-01 | 0 days | 1,745 sqft |
| 2021-12-01 | 0 days | 1,643 sqft |
| 2022-01-01 | 0 days | 1,624 sqft |
| 2022-02-01 | 0 days | 1,654 sqft |
| 2022-03-01 | 0 days | 1,859 sqft |
| 2022-04-01 | 0 days | 1,821 sqft |
| 2022-05-01 | 0 days | 1,900 sqft |
| 2022-06-01 | 0 days | 1,853 sqft |
| 2022-07-01 | 0 days | 2,599 sqft |
| 2022-08-01 | 0 days | 1,922 sqft |
| 2022-09-01 | 0 days | 1,835 sqft |
| 2022-10-01 | 0 days | 1,863 sqft |
| 2022-11-01 | 0 days | 1,474 sqft |
| 2022-12-01 | 0 days | 1,437 sqft |
| 2023-01-01 | 0 days | 1,474 sqft |
| 2023-02-01 | 0 days | 1,478 sqft |
| 2023-03-01 | 0 days | 1,538 sqft |
| 2023-04-01 | 0 days | 1,557 sqft |
| 2023-05-01 | 0 days | 1,854 sqft |
| 2023-06-01 | 0 days | 2,108 sqft |
| 2023-07-01 | 0 days | 2,061 sqft |
| 2023-08-01 | 0 days | 1,792 sqft |
| 2023-09-01 | 0 days | 1,777 sqft |
| 2023-10-01 | 0 days | 1,792 sqft |
| 2023-11-01 | 0 days | 1,792 sqft |
| 2023-12-01 | 0 days | 1,846 sqft |
| 2024-01-01 | 0 days | 1,928 sqft |
| 2024-02-01 | 0 days | 1,902 sqft |
| 2024-03-01 | 0 days | 1,930 sqft |
Clarksdale's median square footage for active listings during the 2024-03-01 period was 1,930 sqft. One year prior, the average listing was 1,538 sqft.