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 -0.16% for the week of 2024-11-29, compared to the national average (all VA variants) of 0% for the same period.

Gulfport's average VA mortgage closing costs are $5,645.

The average rate for the prior week (2024-11-22) was 6.3% and one month ago for the week of 2024-10-25, the average rate was 6.3%.

The average rate one year ago was 6.84%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.34%.

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%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Gulfport (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 $179,000 (4.8%) $245,444 (5.0%) 0.66 2,027
2018-02-01 $179,850 (4.1%) $242,122 (4.0%) 0.65 2,044
2018-03-01 $186,900 (6.1%) $251,435 (6.6%) 0.66 2,087
2018-04-01 $189,950 (5.9%) $256,140 (6.2%) 0.64 2,152
2018-05-01 $195,475 (8.6%) $259,286 (7.2%) 0.65 2,145
2018-06-01 $195,000 (5.5%) $262,835 (8.7%) 0.65 2,143
2018-07-01 $194,950 (5.4%) $263,098 (8.0%) 0.65 2,109
2018-08-01 $195,450 (7.2%) $260,073 (7.1%) 0.65 2,119
2018-09-01 $197,500 (9.8%) $261,028 (7.4%) 0.66 2,130
2018-10-01 $197,725 (10.5%) $258,922 (7.0%) 0.67 2,092
2018-11-01 $190,813 (6.8%) $255,346 (5.7%) 0.65 2,107
2018-12-01 $189,900 (6.4%) $250,887 (3.2%) 0.66 2,027
2019-01-01 $189,950 (6.1%) $248,294 (1.2%) 0.66 1,999
2019-02-01 $194,950 (8.4%) $252,469 (4.3%) 0.66 1,992
2019-03-01 $195,450 (4.6%) $254,997 (1.4%) 0.64 1,996
2019-04-01 $196,775 (3.6%) $257,035 (0.4%) 0.62 2,038
2019-05-01 $204,375 (4.6%) $259,884 (0.2%) 0.64 2,061
2019-06-01 $201,750 (3.5%) $258,712 (-1.6%) 0.63 2,169
2019-07-01 $204,070 (4.7%) $261,336 (-0.7%) 0.64 2,203
2019-08-01 $203,722 (4.2%) $263,158 (1.2%) 0.65 2,160
2019-09-01 $201,806 (2.2%) $263,320 (0.9%) 0.65 2,098
2019-10-01 $200,494 (1.4%) $263,428 (1.7%) 0.65 2,041
2019-11-01 $199,900 (4.8%) $263,922 (3.4%) 0.66 2,009
2019-12-01 $198,950 (4.8%) $260,169 (3.7%) 0.66 2,010
2020-01-01 $198,450 (4.5%) $259,555 (4.5%) 0.66 1,858
2020-02-01 $199,900 (2.5%) $259,363 (2.7%) 0.65 1,892
2020-03-01 $208,950 (6.9%) $265,934 (4.3%) 0.66 1,888
2020-04-01 $209,950 (6.7%) $265,607 (3.3%) 0.66 1,862
2020-05-01 $215,000 (5.2%) $269,827 (3.8%) 0.65 1,685
2020-06-01 $225,000 (11.5%) $279,844 (8.2%) 0.66 1,450
2020-07-01 $233,505 (14.4%) $286,870 (9.8%) 0.68 1,344
2020-08-01 $243,100 (19.3%) $294,779 (12.0%) 0.70 1,216
2020-09-01 $246,770 (22.3%) $300,032 (13.9%) 0.71 1,158
2020-10-01 $247,738 (23.6%) $296,993 (12.7%) 0.71 1,114
2020-11-01 $238,900 (19.5%) $286,521 (8.6%) 0.70 1,098
2020-12-01 $238,819 (20.0%) $286,023 (9.9%) 0.71 1,026
2021-01-01 $239,000 (20.4%) $286,648 (10.4%) 0.71 924
2021-02-01 $240,900 (20.5%) $297,496 (14.7%) 0.70 779
2021-03-01 $233,950 (12.0%) $300,336 (12.9%) 0.66 750
2021-04-01 $232,000 (10.5%) $315,325 (18.7%) 0.63 682
2021-05-01 $234,900 (9.3%) $319,055 (18.2%) 0.62 684
2021-06-01 $231,125 (2.7%) $327,543 (17.0%) 0.61 740
2021-07-01 $239,000 (2.4%) $331,803 (15.7%) 0.63 837
2021-08-01 $236,385 (-2.8%) $325,073 (10.3%) 0.63 890
2021-09-01 $235,000 (-4.8%) $320,465 (6.8%) 0.63 912
2021-10-01 $245,000 (-1.1%) $330,478 (11.3%) 0.65 869
2021-11-01 $254,375 (6.5%) $341,770 (19.3%) 0.68 765
2021-12-01 $256,213 (7.3%) $339,575 (18.7%) 0.69 728
2022-01-01 $255,000 (6.7%) $350,187 (22.2%) 0.69 648
2022-02-01 $269,475 (11.9%) $363,837 (22.3%) 0.70 619
2022-03-01 $277,450 (18.6%) $358,218 (19.3%) 0.69 647
2022-04-01 $294,450 (26.9%) $371,220 (17.7%) 0.70 699
2022-05-01 $295,825 (25.9%) $375,393 (17.7%) 0.68 789
2022-06-01 $297,000 (28.5%) $375,443 (14.6%) 0.66 913
2022-07-01 $295,900 (23.8%) $368,732 (11.1%) 0.67 1,022
2022-08-01 $289,950 (22.7%) $362,329 (11.5%) 0.67 1,107
2022-09-01 $295,340 (25.7%) $360,217 (12.4%) 0.69 1,108
2022-10-01 $297,500 (21.4%) $358,566 (8.5%) 0.70 1,142
2022-11-01 $288,400 (13.4%) $354,748 (3.8%) 0.69 1,175
2022-12-01 $279,950 (9.3%) $357,634 (5.3%) 0.69 1,106
2023-01-01 $293,053 (14.9%) $364,710 (4.2%) 0.73 1,011
2023-02-01 $299,178 (11.0%) $381,491 (4.9%) 0.72 983
2023-03-01 $304,500 (9.8%) $391,521 (9.3%) 0.72 973
2023-04-01 $315,900 (7.3%) $398,589 (7.4%) 0.73 943
2023-05-01 $300,900 (1.7%) $392,960 (4.7%) 0.68 1,033
2023-06-01 $297,738 (0.3%) $384,093 (2.3%) 0.67 1,103
2023-07-01 $305,000 (3.1%) $385,261 (4.5%) 0.69 1,181
2023-08-01 $304,963 (5.2%) $378,845 (4.6%) 0.70 1,222
2023-09-01 $299,900 (1.5%) $371,743 (3.2%) 0.70 1,281
2023-10-01 $289,475 (-2.7%) $360,891 (0.7%) 0.68 1,388
2023-11-01 $295,000 (2.3%) $364,905 (2.9%) 0.70 1,501
2023-12-01 $294,950 (5.4%) $362,061 (1.2%) 0.72 1,501
2024-01-01 $289,000 (-1.4%) $360,381 (-1.2%) 0.71 1,484
2024-02-01 $287,495 (-3.9%) $361,020 (-5.4%) 0.69 1,506
2024-03-01 $289,000 (-5.1%) $365,795 (-6.6%) 0.68 1,581
2024-04-01 $289,963 (-8.2%) $367,227 (-7.9%) 0.67 1,660
2024-05-01 $294,975 (-2.0%) $370,608 (-5.7%) 0.67 1,782
2024-06-01 $298,700 (0.3%) $375,940 (-2.1%) 0.67 1,830
2024-07-01 $293,000 (-3.9%) $367,915 (-4.5%) 0.67 1,867
2024-08-01 $298,900 (-2.0%) $368,642 (-2.7%) 0.70 1,836
2024-09-01 $299,000 (-0.3%) $372,122 (0.1%) 0.70 1,892
2024-10-01 $299,000 (3.3%) $376,793 (4.4%) 0.70 1,890
Gulfport's median listing price for 2024-10-01 was $299,000, a difference of $9,525 (3.3%) versus the prior year and $0 versus the prior month.

Gulfport's median listing price comes in at 70% of the national average.

Gulfport's average listing price for 2024-10-01 was $376,793, a difference of $15,902 (4.4%) versus the prior year and $4,671 versus the prior month.

For the 2024-10-01 period, Gulfport had 1,890 MLS listings, a difference of -2 listings (0%) versus the prior month and 502 listings (36%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Gulfport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 93 days 1,843 sqft
2018-02-01 91 days 1,835 sqft
2018-03-01 73 days 1,854 sqft
2018-04-01 70 days 1,875 sqft
2018-05-01 67 days 1,902 sqft
2018-06-01 71 days 1,900 sqft
2018-07-01 76 days 1,908 sqft
2018-08-01 78 days 1,912 sqft
2018-09-01 82 days 1,900 sqft
2018-10-01 84 days 1,900 sqft
2018-11-01 86 days 1,880 sqft
2018-12-01 91 days 1,861 sqft
2019-01-01 95 days 1,854 sqft
2019-02-01 88 days 1,857 sqft
2019-03-01 78 days 1,874 sqft
2019-04-01 71 days 1,895 sqft
2019-05-01 68 days 1,921 sqft
2019-06-01 67 days 1,900 sqft
2019-07-01 68 days 1,907 sqft
2019-08-01 73 days 1,913 sqft
2019-09-01 76 days 1,923 sqft
2019-10-01 78 days 1,928 sqft
2019-11-01 79 days 1,920 sqft
2019-12-01 82 days 1,894 sqft
2020-01-01 89 days 1,879 sqft
2020-02-01 87 days 1,900 sqft
2020-03-01 67 days 1,916 sqft
2020-04-01 72 days 1,907 sqft
2020-05-01 78 days 1,914 sqft
2020-06-01 82 days 1,930 sqft
2020-07-01 66 days 2,016 sqft
2020-08-01 60 days 2,009 sqft
2020-09-01 58 days 2,001 sqft
2020-10-01 58 days 1,981 sqft
2020-11-01 59 days 1,949 sqft
2020-12-01 65 days 1,921 sqft
2021-01-01 73 days 1,886 sqft
2021-02-01 63 days 1,876 sqft
2021-03-01 46 days 1,843 sqft
2021-04-01 44 days 1,808 sqft
2021-05-01 31 days 1,748 sqft
2021-06-01 36 days 1,800 sqft
2021-07-01 38 days 1,820 sqft
2021-08-01 39 days 1,848 sqft
2021-09-01 47 days 1,852 sqft
2021-10-01 24 days 1,900 sqft
2021-11-01 42 days 1,914 sqft
2021-12-01 54 days 1,919 sqft
2022-01-01 59 days 1,900 sqft
2022-02-01 53 days 1,924 sqft
2022-03-01 35 days 1,874 sqft
2022-04-01 32 days 1,887 sqft
2022-05-01 35 days 1,897 sqft
2022-06-01 37 days 1,896 sqft
2022-07-01 43 days 1,880 sqft
2022-08-01 48 days 1,899 sqft
2022-09-01 56 days 1,898 sqft
2022-10-01 60 days 1,892 sqft
2022-11-01 65 days 1,895 sqft
2022-12-01 74 days 1,872 sqft
2023-01-01 84 days 1,861 sqft
2023-02-01 86 days 1,913 sqft
2023-03-01 63 days 1,942 sqft
2023-04-01 58 days 1,933 sqft
2023-05-01 52 days 1,905 sqft
2023-06-01 48 days 1,858 sqft
2023-07-01 52 days 1,824 sqft
2023-08-01 55 days 1,807 sqft
2023-09-01 58 days 1,773 sqft
2023-10-01 56 days 1,747 sqft
2023-11-01 58 days 1,725 sqft
2023-12-01 67 days 1,700 sqft
2024-01-01 76 days 1,702 sqft
2024-02-01 75 days 1,692 sqft
2024-03-01 59 days 1,724 sqft
2024-04-01 57 days 1,747 sqft
2024-05-01 55 days 1,751 sqft
2024-06-01 58 days 1,750 sqft
2024-07-01 67 days 1,747 sqft
2024-08-01 68 days 1,755 sqft
2024-09-01 70 days 1,768 sqft
2024-10-01 73 days 1,764 sqft
Gulfport's median listing age (time on market) for 2024-10-01 was 73 days. This is 31% longer than the same period one year ago.

Gulfport's median square footage for active listings during the 2024-10-01 period was 1,764 sqft. One year prior, the average listing was 1,747 sqft.

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.