Gulfport VA Loan Rates, Closing Costs & Stats

GULFPORT-BILOXI, MS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 -0.06% for the week of 2024-11-15, 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 (2024-11-08) was 6.54% and one month ago for the week of 2024-10-11, the average rate was 6.11%.

    The average rate one year ago was 7%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.44%.

    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.