Gulfport VA Loan Rates, Closing Costs & Stats
GULFPORT-BILOXI, 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.
Gulfport's 95 lenders originated 1,370 VA
loans during 2023. The total origination value was $362,050,000, with an average VA loan value of
$264,270.
Gulfport VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Gulfport
averaged
6.18%
for the week of 2024-10-25, compared to the national average (all VA variants) of
6.14% for the same period.
Gulfport's average VA mortgage closing costs are $5,645.
The average rate for the prior week (2024-10-18) was
6.19% and
one month ago for the week of 2024-09-20, the
average rate was 5.49%.
The average rate one year ago was 7.31%.
For refis of the same type during the week of 2024-10-25, the average rate
was 6.58%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Gulfport 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 Gulfport level.
Name |
# of Loans |
2023 Avg. 30yFix Rate |
2023 Avg. Closing Costs |
Mortgage Research Center, LLC
|
213
|
6.72%
|
$5,200
|
DHI MORTGAGE COMPANY, LTD.
|
180
|
5.17%
|
$6,273
|
CMG MORTGAGE, INC.
|
101
|
6.54%
|
$8,464
|
NAVY FEDERAL CREDIT UNION
|
90
|
5.84%
|
$6,201
|
QUICKEN LOANS, LLC
|
72
|
6.14%
|
$10,217
|
KEESLER
|
46
|
5.55%
|
$6,332
|
CROSSCOUNTRY MORTGAGE, LLC
|
42
|
6.51%
|
$5,815
|
DSLD MORTGAGE, LLC
|
37
|
5.92%
|
$5,208
|
USAA Federal Savings Bank
|
35
|
6.25%
|
$8,094
|
NEW DAY FINANCIAL, LLC
|
31
|
7.53%
|
$10,712
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
31
|
6.50%
|
$9,651
|
Magnolia Bank
|
29
|
6.05%
|
$11,628
|
PENNYMAC LOAN SERVICES, LLC
|
25
|
5.67%
|
$9,415
|
SWBC MORTGAGE CORPORATION
|
23
|
6.31%
|
$8,829
|
BROKER SOLUTIONS, INC.
|
23
|
6.75%
|
$7,717
|
UNITED WHOLESALE MORTGAGE, LLC
|
22
|
6.74%
|
$7,602
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
21
|
7.17%
|
$5,040
|
Trustmark National Bank
|
21
|
6.21%
|
$5,511
|
FREEDOM MORTGAGE CORPORATION
|
20
|
6.63%
|
$12,200
|
Mr. Cooper ( Nationstar Mortgage )
|
16
|
6.02%
|
$12,514
|
The Federal Savings Bank
|
16
|
6.51%
|
$12,413
|
GMFS LLC
|
11
|
6.45%
|
$5,859
|
LOANDEPOT.COM, LLC
|
11
|
6.09%
|
$9,668
|
Regions Bank
|
9
|
6.38%
|
$8,043
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
9
|
6.83%
|
$8,071
|
Bank of England
|
9
|
6.22%
|
$8,121
|
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC
|
8
|
7.25%
|
$4,459
|
BancorpSouth
|
8
|
6.38%
|
$8,524
|
Community Bank of Mississippi
|
7
|
6.41%
|
$9,413
|
VILLAGE CAPITAL MORTGAGE
|
7
|
6.05%
|
$9,365
|
MOVEMENT MORTGAGE, LLC
|
6
|
6.15%
|
$9,928
|
GUARANTEED RATE, INC.
|
6
|
6.23%
|
$2,088
|
CARDINAL FINANCIAL
|
6
|
6.56%
|
$8,151
|
AMERISAVE MORTGAGE CORPORATION
|
6
|
5.83%
|
$12,075
|
Flagstar Bank, FSB
|
6
|
6.63%
|
$6,498
|
SUN WEST MORTGAGE COMPANY, INC.
|
5
|
6.20%
|
$7,648
|
NBKC BANK
|
5
|
6.75%
|
$3,725
|
NEWREZ LLC
|
5
|
6.65%
|
$11,329
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
5
|
6.23%
|
$10,707
|
DRAPER AND KRAMER MORTGAGE CORP.
|
5
|
7.35%
|
$8,438
|
Merchants & Marine Bank
|
4
|
7.19%
|
$8,013
|
FBC MORTGAGE, LLC
|
3
|
5.16%
|
$1,487
|
DELMAR FINANCIAL COMPANY
|
3
|
7.58%
|
$6,349
|
Wells Fargo Bank
|
3
|
6.58%
|
$2,814
|
FIRST COLONY MORTGAGE CORPORATION
|
3
|
6.79%
|
$6,951
|
Barrington Bank & Trust Company, N.A.
|
3
|
6.58%
|
$5,035
|
PLANET HOME LENDING, LLC
|
3
|
7.21%
|
$15,935
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
3
|
6.58%
|
$3,671
|
Plains Commerce Bank
|
3
|
6.46%
|
$11,667
|
EVERETT FINANCIAL, INC.
|
2
|
6.81%
|
$9,432
|
Citizens Bank
|
2
|
5.50%
|
$6,033
|
Equity Prime Mortgage LLC
|
2
|
7.81%
|
$7,822
|
GUARANTY HOME MORTGAGE CORPORATION
|
2
|
6.75%
|
$4,568
|
PENTAGON FEDERAL CREDIT UNION
|
2
|
5.00%
|
$8,228
|
Ameris Bank
|
2
|
5.75%
|
$5,107
|
Mid-Continent Funding, Inc.
|
2
|
6.19%
|
$5,721
|
Paramount Residential Mortgage Group, Inc.
|
2
|
6.19%
|
$8,188
|
North American Savings Bank, F.S.B.
|
2
|
6.13%
|
$9,344
|
PREMIA MORTGAGE, LLC
|
2
|
6.44%
|
$4,807
|
American Security Mortgage Corp.
|
2
|
6.19%
|
$8,442
|
RELIANCE FIRST CAPITAL, LLC
|
2
|
6.06%
|
$12,053
|
HIGHLANDS RESIDENTIAL MORTGAGE, LTD.
|
2
|
7.44%
|
$4,477
|
Hancock Whitney Bank
|
2
|
6.44%
|
$4,029
|
U.S. Bank
|
2
|
6.06%
|
$6,459
|
Hometown Equity Mortgage, LLC
|
1
|
6.25%
|
$4,828
|
American Mortgage & Equity Consultants, Inc.
|
1
|
7.25%
|
$3,155
|
Armed Forces Bank
|
1
|
7.25%
|
$8,531
|
Arvest Bank
|
1
|
5.38%
|
$6,893
|
Assurance Financial Group, L.L.C.
|
1
|
5.50%
|
$15,658
|
BNC National Bank
|
1
|
5.88%
|
$4,590
|
CALCON MUTUAL MORTGAGE LLC
|
1
|
6.25%
|
$3,645
|
Capital Bank
|
1
|
6.63%
|
$2,454
|
CHURCHILL MORTGAGE CORPORATION
|
1
|
6.63%
|
$1,297
|
CONTOUR MORTGAGE CORPORATION
|
1
|
6.75%
|
$6,197
|
EUSTIS AND AMERICAN MORTGAGE COMPANY
|
1
|
6.99%
|
$4,924
|
Farmers Bank & Trust
|
1
|
6.13%
|
$6,258
|
FIRST COMMUNITY MORTGAGE, INC.
|
1
|
7.63%
|
$13,917
|
First Savings Bank
|
1
|
5.75%
|
$13,472
|
FLAT BRANCH MORTGAGE, INC.
|
1
|
7.63%
|
$3,168
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
5.75%
|
$150
|
Gulf Coast Community Federal Credit Union
|
1
|
6.63%
|
$5,970
|
AMERICAN FINANCIAL NETWORK, INC.
|
1
|
6.88%
|
$911
|
Lakeview Community Capital, LLC
|
1
|
7.13%
|
$7,954
|
LAKEVIEW LOAN SERVICING, LLC
|
1
|
6.99%
|
$9,666
|
LEADERONE FINANCIAL CORPORATION
|
1
|
7.00%
|
$342
|
NBH Bank
|
1
|
6.75%
|
$1,830
|
NFM, INC.
|
1
|
6.63%
|
$7,843
|
Origin Bank
|
1
|
6.69%
|
$4,398
|
Renasant Bank
|
1
|
6.50%
|
$6,916
|
ROYAL UNITED MORTGAGE LLC
|
1
|
7.25%
|
$15,511
|
STANDARD MORTGAGE CORPORATION
|
1
|
6.13%
|
$3,346
|
Sunflower Bank
|
1
|
5.99%
|
$15,779
|
The Central Trust Bank
|
1
|
6.50%
|
$3,066
|
TOWNE MORTGAGE COMPANY
|
1
|
6.63%
|
$7,795
|
UNION HOME MORTGAGE CORP.
|
1
|
6.38%
|
$21,315
|
The top Gulfport VA lender as defined by loan originations is Mortgage Research Center, LLC, with
213 VA loans originated. Their average total fees are
$5,200, which is $1,073
lower than the next largest lender,
DHI MORTGAGE COMPANY, LTD..
The lowest fee Gulfport VA lenders (with over 10 loans originated) are
MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,040), Mortgage Research Center, LLC ($5,200), DSLD MORTGAGE, LLC ($5,208), Trustmark National Bank ($5,511) and CROSSCOUNTRY MORTGAGE, LLC ($5,815).
The lowest rate Gulfport VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.17%), KEESLER (5.55%), PENNYMAC LOAN SERVICES, LLC (5.67%), NAVY FEDERAL CREDIT UNION (5.84%) and DSLD MORTGAGE, LLC (5.92%).
VA Loan Features
No down payment required
Negotiable and competitive interest rate.
Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent
and exemption for veterans receiving VA compensation).
VA rules limit the amount you can be charged for closing costs.
Closing costs are comparable with other financing types (and may be lower).
Closing costs may be paid by the seller.
No private mortgage insurance premiums are required.
An assumable mortgage.
Right to prepay your mortgage without penalty.
For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain
cooperation of builder.
VA assistance to veteran borrowers in default due to temporary financial difficulty.