Hattiesburg VA Loan Rates, Closing Costs & Stats

HATTIESBURG, MS

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    • 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.

    Hattiesburg's 53 lenders originated 227 VA loans during 2023. The total origination value was $58,965,000, with an average VA loan value of $259,758.

    Hattiesburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hattiesburg averaged 7.14% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Hattiesburg's average VA mortgage closing costs are $5,589.

    The average rate for the prior week (2024-04-12) was 6.57% and one month ago for the week of 2024-03-15, the average rate was 6.53%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.05%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Hattiesburg 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 Hattiesburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 51 6.64% $5,998
    Trustmark National Bank 16 6.50% $4,388
    QUICKEN LOANS, LLC 15 6.20% $8,143
    UNITED WHOLESALE MORTGAGE, LLC 11 6.80% $8,415
    USAA Federal Savings Bank 10 6.45% $5,768
    NAVY FEDERAL CREDIT UNION 7 5.89% $5,145
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.75% $4,496
    PENNYMAC LOAN SERVICES, LLC 7 5.86% $4,571
    NEW DAY FINANCIAL, LLC 7 7.71% $10,643
    VILLAGE CAPITAL MORTGAGE 6 6.33% $10,124
    Merchants & Marine Bank 5 6.63% $5,876
    Hancock Whitney Bank 5 6.28% $9,556
    DRAPER AND KRAMER MORTGAGE CORP. 4 7.00% $10,549
    The Federal Savings Bank 4 6.59% $10,674
    NEWREZ LLC 4 6.22% $10,971
    Regions Bank 4 6.97% $7,436
    STOCKTON MORTGAGE CORPORATION 3 4.67% $11,939
    AMERISAVE MORTGAGE CORPORATION 3 5.88% $11,555
    Equity Prime Mortgage LLC 3 6.71% $11,366
    GMFS LLC 3 6.08% $3,045
    FREEDOM MORTGAGE CORPORATION 3 6.42% $19,574
    Barrington Bank & Trust Company, N.A. 3 6.88% $20,560
    The Citizens National Bank of Meridian 2 7.44% $9,303
    Community Bank of Mississippi 2 5.94% $11,786
    CONTOUR MORTGAGE CORPORATION 2 6.63% $10,376
    KEESLER 2 5.50% $3,555
    LOANDEPOT.COM, LLC 2 6.81% $11,286
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.00% $0
    PLAZA HOME MORTGAGE, INC. 2 6.63% $5,036
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.63% $1,602
    Hamilton Mortgage Corporation 1 6.50% $8,376
    U.S. Bank 1 6.13% $19,914
    GUARANTEED RATE, INC. 1 5.65% $600
    NBH Bank 1 6.75% $10,723
    NBKC BANK 1 5.50% $16,314
    NETWORK CAPITAL FUNDING CORPORATION 1 6.63% $1,414
    GSF Mortgage Corporation 1 6.75% $5,133
    First Federal Bank 1 8.49% $4,255
    FBC MORTGAGE, LLC 1 6.25% $15,498
    AMERICAN FINANCIAL NETWORK, INC. 1 7.38% $894
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $9,158
    EVERETT FINANCIAL, INC. 1 8.13% $5,018
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $7,850
    SIRVA MORTGAGE, INC. 1 6.75% $18,439
    CMG MORTGAGE, INC. 1 5.13% $17,821
    SWBC MORTGAGE CORPORATION 1 6.75% $8,313
    ACADEMY MORTGAGE CORPORATION 1 6.75% $13,913
    CARDINAL FINANCIAL 1 6.50% $12,119
    Bank of America 1 6.38% $11,117
    BancorpSouth 1 6.13% $9,416
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $11,410
    Armed Forces Bank 1 5.75% $8,981
    Magnolia Bank 1 7.13% $16,980

    The top Hattiesburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 51 VA loans originated. Their average total fees are $5,998, which is $1,610 higher than the next largest lender, Trustmark National Bank.

    The lowest fee Hattiesburg VA lenders (with over 10 loans originated) are Trustmark National Bank ($4,388), USAA Federal Savings Bank ($5,768), Mortgage Research Center, LLC ($5,998), QUICKEN LOANS, LLC ($8,143) and UNITED WHOLESALE MORTGAGE, LLC ($8,415).

    The lowest rate Hattiesburg VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.20%), USAA Federal Savings Bank (6.45%), Trustmark National Bank (6.50%), Mortgage Research Center, LLC (6.64%) and UNITED WHOLESALE MORTGAGE, LLC (6.80%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hattiesburg (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 $194,500 (11.2%) $258,451 (12.1%) 0.72 540
    2018-02-01 $198,000 (13.2%) $264,700 (10.3%) 0.72 536
    2018-03-01 $204,900 (14.2%) $272,139 (8.7%) 0.72 567
    2018-04-01 $209,750 (15.1%) $276,093 (6.3%) 0.71 600
    2018-05-01 $219,000 (22.0%) $281,836 (7.9%) 0.73 593
    2018-06-01 $219,000 (20.0%) $281,976 (8.6%) 0.73 621
    2018-07-01 $214,900 (13.2%) $279,985 (10.9%) 0.72 646
    2018-08-01 $206,875 (11.8%) $272,457 (9.2%) 0.69 622
    2018-09-01 $199,500 (6.1%) $262,253 (3.6%) 0.67 613
    2018-10-01 $199,500 (3.9%) $259,391 (0.5%) 0.68 599
    2018-11-01 $189,950 (0.8%) $259,480 (3.5%) 0.64 579
    2018-12-01 $195,000 (2.6%) $259,916 (1.3%) 0.67 552
    2019-01-01 $195,000 (0.3%) $258,478 (0.0%) 0.67 527
    2019-02-01 $199,445 (0.7%) $266,038 (0.5%) 0.67 517
    2019-03-01 $196,143 (-4.3%) $267,957 (-1.5%) 0.64 531
    2019-04-01 $195,143 (-7.0%) $269,573 (-2.4%) 0.62 540
    2019-05-01 $196,600 (-10.2%) $274,309 (-2.7%) 0.61 515
    2019-06-01 $199,900 (-8.7%) $276,538 (-1.9%) 0.62 534
    2019-07-01 $209,900 (-2.3%) $276,293 (-1.3%) 0.66 558
    2019-08-01 $195,536 (-5.5%) $269,001 (-1.3%) 0.62 564
    2019-09-01 $188,991 (-5.3%) $259,839 (-0.9%) 0.60 556
    2019-10-01 $184,225 (-7.7%) $253,295 (-2.4%) 0.59 546
    2019-11-01 $185,900 (-2.1%) $249,271 (-3.9%) 0.61 532
    2019-12-01 $192,700 (-1.2%) $251,445 (-3.3%) 0.64 497
    2020-01-01 $190,200 (-2.5%) $250,463 (-3.1%) 0.64 466
    2020-02-01 $194,900 (-2.3%) $253,245 (-4.8%) 0.64 466
    2020-03-01 $198,725 (1.3%) $257,156 (-4.0%) 0.62 430
    2020-04-01 $198,125 (1.5%) $260,083 (-3.5%) 0.62 440
    2020-05-01 $214,750 (9.2%) $274,360 (0.0%) 0.65 390
    2020-06-01 $219,900 (10.0%) $276,264 (-0.1%) 0.65 378
    2020-07-01 $237,450 (13.1%) $282,931 (2.4%) 0.69 342
    2020-08-01 $254,950 (30.4%) $299,200 (11.2%) 0.73 307
    2020-09-01 $249,925 (32.2%) $301,290 (16.0%) 0.72 315
    2020-10-01 $237,000 (28.7%) $311,821 (23.1%) 0.68 322
    2020-11-01 $233,875 (25.8%) $321,232 (28.9%) 0.68 303
    2020-12-01 $234,475 (21.7%) $334,726 (33.1%) 0.70 276
    2021-01-01 $229,700 (20.8%) $343,165 (37.0%) 0.69 245
    2021-02-01 $230,000 (18.0%) $346,881 (37.0%) 0.67 230
    2021-03-01 $239,575 (20.6%) $355,631 (38.3%) 0.68 220
    2021-04-01 $247,250 (24.8%) $383,790 (47.6%) 0.67 195
    2021-05-01 $269,000 (25.3%) $410,176 (49.5%) 0.71 199
    2021-06-01 $270,950 (23.2%) $429,289 (55.4%) 0.71 181
    2021-07-01 $239,250 (0.8%) $379,301 (34.1%) 0.63 211
    2021-08-01 $235,000 (-7.8%) $347,586 (16.2%) 0.63 246
    2021-09-01 $235,875 (-5.6%) $343,562 (14.0%) 0.63 243
    2021-10-01 $224,900 (-5.1%) $322,730 (3.5%) 0.60 238
    2021-11-01 $222,975 (-4.7%) $312,363 (-2.8%) 0.60 237
    2021-12-01 $206,650 (-11.9%) $310,792 (-7.2%) 0.56 217
    2022-01-01 $226,450 (-1.4%) $349,794 (1.9%) 0.61 177
    2022-02-01 $238,653 (3.8%) $393,242 (13.4%) 0.62 145
    2022-03-01 $248,500 (3.7%) $389,513 (9.5%) 0.62 150
    2022-04-01 $293,250 (18.6%) $406,989 (6.0%) 0.70 150
    2022-05-01 $300,400 (11.7%) $412,085 (0.5%) 0.69 196
    2022-06-01 $299,050 (10.4%) $395,672 (-7.8%) 0.67 224
    2022-07-01 $295,000 (23.3%) $364,514 (-3.9%) 0.66 277
    2022-08-01 $279,600 (19.0%) $330,691 (-4.9%) 0.65 296
    2022-09-01 $279,900 (18.7%) $340,706 (-0.8%) 0.65 276
    2022-10-01 $298,500 (32.7%) $350,801 (8.7%) 0.70 280
    2022-11-01 $290,100 (30.1%) $346,915 (11.1%) 0.70 283
    2022-12-01 $279,150 (35.1%) $344,616 (10.9%) 0.69 303
    2023-01-01 $282,000 (24.5%) $339,762 (-2.9%) 0.70 287
    2023-02-01 $298,550 (25.1%) $367,587 (-6.5%) 0.72 270
    2023-03-01 $297,125 (19.6%) $354,292 (-9.0%) 0.70 250
    2023-04-01 $290,000 (-1.1%) $358,125 (-12.0%) 0.67 263
    2023-05-01 $289,950 (-3.5%) $369,034 (-10.5%) 0.66 262
    2023-06-01 $297,950 (-0.4%) $368,712 (-6.8%) 0.67 293
    2023-07-01 $295,000 (0.0%) $365,509 (0.3%) 0.67 311
    2023-08-01 $296,250 (6.0%) $367,129 (11.0%) 0.68 303
    2023-09-01 $289,000 (3.3%) $353,869 (3.9%) 0.67 322
    2023-10-01 $285,000 (-4.5%) $353,560 (0.8%) 0.67 339
    2023-11-01 $281,500 (-3.0%) $372,109 (7.3%) 0.67 362
    2023-12-01 $274,900 (-1.5%) $376,550 (9.3%) 0.67 363
    2024-01-01 $282,300 (0.1%) $384,101 (13.1%) 0.69 359
    2024-02-01 $289,750 (-3.0%) $383,523 (4.3%) 0.70 357
    2024-03-01 $298,000 (0.3%) $399,070 (12.6%) 0.70 353
    Hattiesburg's median listing price for 2024-03-01 was $298,000, a difference of $875 (0.3%) versus the prior year and $8,250 versus the prior month.

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

    Hattiesburg's average listing price for 2024-03-01 was $399,070, a difference of $44,778 (12.6%) versus the prior year and $15,547 versus the prior month.

    For the 2024-03-01 period, Hattiesburg had 353 MLS listings, a difference of -4 listings (-1%) versus the prior month and 103 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hattiesburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 95 days 2,003 sqft
    2018-02-01 88 days 2,024 sqft
    2018-03-01 61 days 2,107 sqft
    2018-04-01 59 days 2,138 sqft
    2018-05-01 68 days 2,172 sqft
    2018-06-01 72 days 2,200 sqft
    2018-07-01 71 days 2,155 sqft
    2018-08-01 75 days 2,129 sqft
    2018-09-01 78 days 2,097 sqft
    2018-10-01 81 days 2,071 sqft
    2018-11-01 83 days 2,075 sqft
    2018-12-01 95 days 2,072 sqft
    2019-01-01 92 days 2,036 sqft
    2019-02-01 91 days 2,027 sqft
    2019-03-01 73 days 2,069 sqft
    2019-04-01 61 days 2,107 sqft
    2019-05-01 62 days 2,137 sqft
    2019-06-01 64 days 2,160 sqft
    2019-07-01 66 days 2,182 sqft
    2019-08-01 68 days 2,156 sqft
    2019-09-01 68 days 2,091 sqft
    2019-10-01 71 days 2,044 sqft
    2019-11-01 75 days 2,016 sqft
    2019-12-01 81 days 1,999 sqft
    2020-01-01 80 days 2,000 sqft
    2020-02-01 78 days 1,977 sqft
    2020-03-01 62 days 2,008 sqft
    2020-04-01 64 days 1,996 sqft
    2020-05-01 67 days 2,076 sqft
    2020-06-01 68 days 2,143 sqft
    2020-07-01 64 days 2,135 sqft
    2020-08-01 57 days 2,265 sqft
    2020-09-01 56 days 2,206 sqft
    2020-10-01 52 days 2,141 sqft
    2020-11-01 59 days 2,174 sqft
    2020-12-01 66 days 2,110 sqft
    2021-01-01 69 days 2,089 sqft
    2021-02-01 54 days 2,090 sqft
    2021-03-01 46 days 2,076 sqft
    2021-04-01 44 days 2,212 sqft
    2021-05-01 43 days 2,256 sqft
    2021-06-01 44 days 2,303 sqft
    2021-07-01 37 days 2,100 sqft
    2021-08-01 37 days 2,019 sqft
    2021-09-01 45 days 1,969 sqft
    2021-10-01 50 days 1,910 sqft
    2021-11-01 55 days 1,910 sqft
    2021-12-01 60 days 1,795 sqft
    2022-01-01 64 days 1,852 sqft
    2022-02-01 62 days 2,048 sqft
    2022-03-01 33 days 2,148 sqft
    2022-04-01 35 days 2,200 sqft
    2022-05-01 25 days 2,171 sqft
    2022-06-01 32 days 2,170 sqft
    2022-07-01 34 days 2,151 sqft
    2022-08-01 48 days 2,097 sqft
    2022-09-01 58 days 2,232 sqft
    2022-10-01 58 days 2,276 sqft
    2022-11-01 62 days 2,175 sqft
    2022-12-01 64 days 2,103 sqft
    2023-01-01 65 days 2,142 sqft
    2023-02-01 66 days 2,186 sqft
    2023-03-01 53 days 2,156 sqft
    2023-04-01 46 days 2,100 sqft
    2023-05-01 44 days 2,078 sqft
    2023-06-01 41 days 2,061 sqft
    2023-07-01 50 days 2,056 sqft
    2023-08-01 58 days 2,091 sqft
    2023-09-01 51 days 2,005 sqft
    2023-10-01 52 days 2,002 sqft
    2023-11-01 56 days 2,004 sqft
    2023-12-01 61 days 1,913 sqft
    2024-01-01 67 days 1,911 sqft
    2024-02-01 63 days 1,977 sqft
    2024-03-01 49 days 2,040 sqft
    Hattiesburg's median listing age (time on market) for 2024-03-01 was 49 days. This is -7% shorter than the same period one year ago.

    Hattiesburg's median square footage for active listings during the 2024-03-01 period was 2,040 sqft. One year prior, the average listing was 2,156 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.