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 110 lenders originated 1,944 VA loans during 2022. The total origination value was $487,450,000, with an average VA loan value of $250,746.

Gulfport VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Gulfport averaged 6.11% for the week of 2024-02-16, compared to the national average (all VA variants) of 6.462% for the same period.

Gulfport's average VA mortgage closing costs are $5,427.

The average rate for the prior week (2024-02-09) was 6.17% and one month ago for the week of 2024-01-12, the average rate was 5.82%.

The average rate one year ago was 5.69%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.27%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 328 4.95% $5,628
DHI MORTGAGE COMPANY, LTD. 174 3.93% $7,744
CMG MORTGAGE, INC. 143 5.10% $9,317
NAVY FEDERAL CREDIT UNION 125 3.98% $5,921
QUICKEN LOANS, LLC 96 4.32% $8,885
NEW DAY FINANCIAL, LLC 63 5.13% $8,931
Magnolia Bank 54 4.53% $8,676
USAA Federal Savings Bank 50 4.48% $6,752
KEESLER 49 4.03% $6,344
EVERETT FINANCIAL, INC. 48 4.53% $5,697
FREEDOM MORTGAGE CORPORATION 44 4.09% $7,891
LOANDEPOT.COM, LLC 37 4.91% $8,853
HOME POINT FINANCIAL CORPORATION 35 4.38% $7,514
PENNYMAC LOAN SERVICES, LLC 33 3.48% $7,190
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 32 5.38% $7,116
Trustmark National Bank 31 4.92% $7,994
MORTGAGE SOLUTIONS OF COLORADO, LLC 28 5.63% $5,225
INLANTA MORTGAGE, INC. 28 4.42% $7,611
Mr. Cooper ( Nationstar Mortgage ) 26 4.53% $7,342
PRIMELENDING, A PLAINSCAPITAL COMPANY 25 5.18% $8,530
UNITED WHOLESALE MORTGAGE, LLC 20 5.17% $5,238
CROSSCOUNTRY MORTGAGE, LLC 20 5.57% $5,619
DSLD MORTGAGE, LLC 17 4.79% $5,898
The Federal Savings Bank 17 4.79% $10,233
AMERISAVE MORTGAGE CORPORATION 15 4.00% $10,367
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 15 4.78% $8,190
LAKEVIEW LOAN SERVICING, LLC 13 3.74% $4,713
NEWREZ LLC 13 4.28% $7,561
GMFS LLC 11 4.34% $6,873
BancorpSouth 10 4.91% $6,839
Barrington Bank & Trust Company, N.A. 10 4.48% $8,297
DELMAR FINANCIAL COMPANY 9 5.73% $8,453
Wells Fargo Bank 9 4.65% $4,174
Bank of England 9 4.65% $7,293
Hancock Whitney Bank 8 4.52% $4,719
Regions Bank 8 4.38% $7,226
CALIBER HOME LOANS, INC. 8 5.17% $7,979
CARDINAL FINANCIAL 8 4.33% $9,922
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 5.44% $8,691
PENTAGON FEDERAL CREDIT UNION 6 4.19% $8,583
VILLAGE CAPITAL MORTGAGE 6 3.42% $7,588
AMERICAN FINANCING CORPORATION 6 3.19% $4,275
Mid-Continent Funding, Inc. 6 6.19% $6,090
PLANET HOME LENDING, LLC 5 4.32% $10,271
NBKC BANK 5 4.58% $6,608
Community Bank of Mississippi 5 4.93% $4,470
DRAPER AND KRAMER MORTGAGE CORP. 5 5.23% $11,793
AMERICAN PACIFIC MORTGAGE CORPORATION 5 5.75% $10,298
GUARANTY HOME MORTGAGE CORPORATION 4 5.00% $6,031
DIRECT MORTGAGE LOANS, LLC 4 4.84% $11,912
DAS Acquisition Company, LLC 4 5.19% $9,942
North American Savings Bank, F.S.B. 4 4.34% $5,606
MUTUAL OF OMAHA MORTGAGE, INC. 4 4.13% $10,469
RELIANCE FIRST CAPITAL, LLC 4 4.53% $6,530
BROKER SOLUTIONS, INC. 4 4.37% $14,539
SOVEREIGN LENDING GROUP INCORPORATED 3 5.17% $8,909
Low VA Rates, LLC 3 3.75% $10,113
Flagstar Bank, FSB 3 4.57% $13,482
FIRST COMMUNITY MORTGAGE, INC. 3 4.38% $3,238
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 6.58% $6,694
GUARANTEED RATE, INC. 3 3.42% $9,689
Armed Forces Bank 3 4.25% $3,441
Amerifirst Financial, Inc. 2 4.50% $3,734
PREMIA MORTGAGE, LLC 2 6.06% $10,762
Citizens Bank 2 3.06% $3,090
Community First National Bank 2 5.06% $11,091
The Central Trust Bank 2 4.37% $6,149
Truist 2 3.40% $2,355
FIDELITY BANK 2 4.75% $8,207
FINANCE OF AMERICA MORTGAGE LLC 2 4.38% $13,713
FirstBank 2 2.94% $5,673
First Federal Bank 2 3.88% $3,540
Hometown Lenders, Inc. 2 5.69% $13,250
Lakeview Community Capital, LLC 2 5.25% $5,917
BNC National Bank 2 4.81% $5,669
MOVEMENT MORTGAGE, LLC 2 5.44% $1,427
Nations Lending Corporation 2 4.13% $3,178
NBH Bank 2 5.69% $5,746
ZILLOW HOME LOANS, LLC 1 4.13% $4,045
AMERICAN HOME LENDING USA, LLC 1 3.49% $1,525
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $11,642
Assurance Financial Group, L.L.C. 1 5.75% $11,036
BankPlus 1 5.13% $14,891
Capital Bank 1 4.63% $1,599
Carrington Mortgage Services, LLC 1 3.75% $3,374
CHURCHILL MORTGAGE CORPORATION 1 5.75% $13,955
CONTOUR MORTGAGE CORPORATION 1 4.75% $6,825
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 5.13% $2,596
Extraco Banks 1 5.13% $4,410
First Horizon Bank 1 2.50% $11,569
HANCOCK MORTGAGE PARTNERS, LLC 1 5.75% $20,088
HOMESPIRE MORTGAGE CORPORATION 1 4.25% $14,520
LAND HOME FINANCIAL SERVICES, INC. 1 5.75% $12,059
Merchants & Marine Bank 1 6.75% $9,465
Mutual Federal Bank 1 3.75% $2,656
NFM, INC. 1 5.13% $5,918
PACIFIC RESIDENTIAL MORTGAGE, LLC 1 5.25% $245
Paramount Residential Mortgage Group, Inc. 1 6.99% $6,265
PHH Mortgage Corporation 1 5.25% $6,111
Prosperity Home Mortgage, LLC 1 4.25% $21,927
STOCKTON MORTGAGE CORPORATION 1 2.75% $4,864
SUN WEST MORTGAGE COMPANY, INC. 1 5.50% $12,540
SWBC MORTGAGE CORPORATION 1 5.75% $5,028
Texana Bank 1 3.63% $8,586
THRIVE MORTGAGE, LLC 1 6.13% $4,708
UNION HOME MORTGAGE CORP. 1 3.25% $4,427
U.S. Bank 1 3.63% $4,114
Willamette Valley Bank 1 4.63% $11,728
Wyndham Capital Mortgage, Inc. 1 5.13% $7,135
Academy Bank 1 4.88% $10,115

The top Gulfport VA lender as defined by loan originations is Mortgage Research Center, LLC, with 328 VA loans originated. Their average total fees are $5,628, which is $2,116 lower than the next largest lender, DHI MORTGAGE COMPANY, LTD..

The lowest fee Gulfport VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($4,713), MORTGAGE SOLUTIONS OF COLORADO, LLC ($5,225), UNITED WHOLESALE MORTGAGE, LLC ($5,238), CROSSCOUNTRY MORTGAGE, LLC ($5,619) and Mortgage Research Center, LLC ($5,628).

The lowest rate Gulfport VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.48%), LAKEVIEW LOAN SERVICING, LLC (3.74%), DHI MORTGAGE COMPANY, LTD. (3.93%), NAVY FEDERAL CREDIT UNION (3.98%) and AMERISAVE MORTGAGE CORPORATION (4.00%).


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
Gulfport's median listing price for 2023-12-01 was $294,950, a difference of $15,000 (5.4%) versus the prior year and $-50 versus the prior month.

Gulfport's median listing price comes in at 72% of the national average.

Gulfport's average listing price for 2023-12-01 was $362,061, a difference of $4,427 (1.2%) versus the prior year and $-2,844 versus the prior month.

For the 2023-12-01 period, Gulfport had 1,501 MLS listings, a difference of 0 listings (0%) versus the prior month and 395 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
Gulfport's median listing age (time on market) for 2023-12-01 was 67 days. This is -9% shorter than the same period one year ago.

Gulfport's median square footage for active listings during the 2023-12-01 period was 1,700 sqft. One year prior, the average listing was 1,872 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.