Mccomb VA Loan Rates, Closing Costs & Stats

McComb, 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.

    Mccomb's 14 lenders originated 25 VA loans during 2023. The total origination value was $5,445,000, with an average VA loan value of $217,800.

    Mccomb VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Mccomb averaged 7.2% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Mccomb's average VA mortgage closing costs are $4,606.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.89%.

    The average rate one year ago was 6.08%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Mccomb 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 Mccomb level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 6 7.00% $3,277
    FIDELITY BANK 4 6.69% $6,927
    NAVY FEDERAL CREDIT UNION 2 5.69% $1,421
    QUICKEN LOANS, LLC 2 5.81% $11,642
    MOVEMENT MORTGAGE, LLC 2 7.63% $2,970
    MORTGAGE INVESTORS GROUP, INC. 1 7.25% $36,098
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.75% $13,648
    NEW DAY FINANCIAL, LLC 1 7.75% $5,220
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.25% $6,158
    USAA Federal Savings Bank 1 6.25% $9,028
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $5,705
    FREEDOM MORTGAGE CORPORATION 1 5.50% $7,398
    JPMorgan Chase Bank 1 6.50% $1,412
    LOANDEPOT.COM, LLC 1 6.99% $8,831

    The top Mccomb VA lender as defined by loan originations is Mortgage Research Center, LLC, with 6 VA loans originated. Their average total fees are $3,277, which is $3,650 lower than the next largest lender, FIDELITY BANK.

    The lowest fee Mccomb VA lenders (with over 10 loans originated) are .

    The lowest rate Mccomb VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mccomb (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 $129,000 (-8.2%) $166,097 (-6.8%) 0.00 205
    2018-02-01 $125,000 (-11.7%) $165,319 (-6.0%) 0.00 204
    2018-03-01 $120,900 (-19.4%) $158,267 (-12.0%) 0.00 215
    2018-04-01 $119,900 (-19.5%) $159,152 (-11.0%) 0.00 227
    2018-05-01 $115,725 (-18.8%) $151,984 (-15.1%) 0.00 228
    2018-06-01 $119,950 (-14.3%) $156,600 (-11.4%) 0.00 242
    2018-07-01 $124,450 (-10.1%) $164,775 (-4.5%) 0.00 254
    2018-08-01 $122,450 (-12.5%) $165,346 (-6.6%) 0.00 257
    2018-09-01 $124,450 (-4.2%) $164,548 (-2.4%) 0.00 265
    2018-10-01 $120,875 (-7.9%) $165,569 (-2.0%) 0.00 262
    2018-11-01 $119,600 (-7.5%) $166,565 (-1.5%) 0.00 258
    2018-12-01 $123,500 (-6.3%) $169,838 (-1.3%) 0.00 260
    2019-01-01 $119,750 (-7.2%) $169,368 (2.0%) 0.00 247
    2019-02-01 $126,850 (1.5%) $171,827 (3.9%) 0.00 247
    2019-03-01 $129,214 (6.9%) $173,329 (9.5%) 0.00 234
    2019-04-01 $129,214 (7.8%) $171,266 (7.6%) 0.00 223
    2019-05-01 $129,075 (11.5%) $169,570 (11.6%) 0.00 217
    2019-06-01 $129,700 (8.1%) $171,319 (9.4%) 0.00 201
    2019-07-01 $120,000 (-3.6%) $165,807 (0.6%) 0.00 200
    2019-08-01 $122,509 (0.1%) $168,534 (1.9%) 0.00 199
    2019-09-01 $126,273 (1.5%) $171,374 (4.2%) 0.00 195
    2019-10-01 $128,782 (6.5%) $175,448 (6.0%) 0.00 187
    2019-11-01 $125,000 (4.5%) $174,890 (5.0%) 0.00 182
    2019-12-01 $125,000 (1.2%) $173,847 (2.4%) 0.00 186
    2020-01-01 $124,950 (4.3%) $174,308 (2.9%) 0.00 181
    2020-02-01 $125,000 (-1.5%) $177,146 (3.1%) 0.00 180
    2020-03-01 $131,625 (1.9%) $184,408 (6.4%) 0.00 178
    2020-04-01 $129,950 (0.6%) $184,452 (7.7%) 0.00 174
    2020-05-01 $130,000 (0.7%) $183,893 (8.5%) 0.00 159
    2020-06-01 $129,250 (-0.4%) $183,608 (7.2%) 0.00 155
    2020-07-01 $129,700 (8.1%) $187,984 (13.4%) 0.00 139
    2020-08-01 $129,900 (6.0%) $190,015 (12.8%) 0.00 143
    2020-09-01 $149,900 (18.7%) $208,916 (21.9%) 0.00 132
    2020-10-01 $149,900 (16.4%) $212,579 (21.2%) 0.00 124
    2020-11-01 $152,000 (21.6%) $215,841 (23.4%) 0.00 121
    2020-12-01 $153,500 (22.8%) $222,085 (27.8%) 0.00 109
    2021-01-01 $168,000 (34.5%) $229,842 (31.9%) 0.00 105
    2021-02-01 $169,500 (35.6%) $232,377 (31.2%) 0.00 94
    2021-03-01 $192,200 (46.0%) $252,734 (37.1%) 0.00 81
    2021-04-01 $192,475 (48.1%) $276,536 (49.9%) 0.00 69
    2021-05-01 $175,000 (34.6%) $265,771 (44.5%) 0.00 61
    2021-06-01 $175,000 (35.4%) $267,881 (45.9%) 0.00 69
    2021-07-01 $169,000 (30.3%) $244,320 (30.0%) 0.00 74
    2021-08-01 $149,900 (15.4%) $231,497 (21.8%) 0.00 74
    2021-09-01 $139,475 (-7.0%) $225,616 (8.0%) 0.00 78
    2021-10-01 $154,450 (3.0%) $237,837 (11.9%) 0.00 81
    2021-11-01 $180,000 (18.4%) $253,420 (17.4%) 0.00 70
    2021-12-01 $189,750 (23.6%) $258,412 (16.4%) 0.00 69
    2022-01-01 $175,000 (4.2%) $248,041 (7.9%) 0.00 64
    2022-02-01 $179,500 (5.9%) $266,295 (14.6%) 0.00 51
    2022-03-01 $173,425 (-9.8%) $266,341 (5.4%) 0.00 51
    2022-04-01 $175,000 (-9.1%) $270,012 (-2.4%) 0.00 41
    2022-05-01 $171,825 (-1.8%) $255,388 (-3.9%) 0.00 55
    2022-06-01 $174,375 (-0.4%) $243,010 (-9.3%) 0.00 68
    2022-07-01 $188,485 (11.5%) $239,970 (-1.8%) 0.00 66
    2022-08-01 $194,900 (30.0%) $252,034 (8.9%) 0.00 65
    2022-09-01 $194,725 (39.6%) $344,588 (52.7%) 0.00 69
    2022-10-01 $189,500 (22.7%) $315,168 (32.5%) 0.00 82
    2022-11-01 $186,375 (3.5%) $293,260 (15.7%) 0.00 85
    2022-12-01 $189,500 (-0.1%) $269,839 (4.4%) 0.00 87
    2023-01-01 $174,175 (-0.5%) $271,286 (9.4%) 0.00 82
    2023-02-01 $164,250 (-8.5%) $248,712 (-6.6%) 0.00 83
    2023-03-01 $166,825 (-3.8%) $257,316 (-3.4%) 0.00 84
    2023-04-01 $170,000 (-2.9%) $255,541 (-5.4%) 0.00 88
    2023-05-01 $169,225 (-1.5%) $242,958 (-4.9%) 0.00 93
    2023-06-01 $178,625 (2.4%) $240,068 (-1.2%) 0.00 94
    2023-07-01 $190,950 (1.3%) $246,399 (2.7%) 0.00 94
    2023-08-01 $180,725 (-7.3%) $234,429 (-7.0%) 0.00 95
    2023-09-01 $166,750 (-14.4%) $217,981 (-36.7%) 0.00 101
    2023-10-01 $165,000 (-12.9%) $214,631 (-31.9%) 0.00 102
    2023-11-01 $178,675 (-4.1%) $223,263 (-23.9%) 0.00 106
    2023-12-01 $175,000 (-7.7%) $223,390 (-17.2%) 0.00 101
    2024-01-01 $173,725 (-0.3%) $229,279 (-15.5%) 0.00 99
    2024-02-01 $179,900 (9.5%) $244,709 (-1.6%) 0.00 91
    2024-03-01 $197,250 (18.2%) $237,129 (-7.8%) 0.00 86
    Mccomb's median listing price for 2024-03-01 was $197,250, a difference of $30,425 (18.2%) versus the prior year and $17,350 versus the prior month.

    Mccomb's median listing price comes in at 0% of the national average.

    Mccomb's average listing price for 2024-03-01 was $237,129, a difference of $-20,187 (-7.8%) versus the prior year and $-7,580 versus the prior month.

    For the 2024-03-01 period, Mccomb had 86 MLS listings, a difference of -5 listings (-5%) versus the prior month and 2 listings (2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mccomb (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,936 sqft
    2018-02-01 0 days 1,940 sqft
    2018-03-01 0 days 1,900 sqft
    2018-04-01 0 days 1,906 sqft
    2018-05-01 0 days 1,903 sqft
    2018-06-01 0 days 1,907 sqft
    2018-07-01 0 days 1,929 sqft
    2018-08-01 0 days 1,927 sqft
    2018-09-01 0 days 1,901 sqft
    2018-10-01 0 days 1,888 sqft
    2018-11-01 0 days 1,870 sqft
    2018-12-01 0 days 1,872 sqft
    2019-01-01 0 days 1,883 sqft
    2019-02-01 0 days 1,881 sqft
    2019-03-01 0 days 1,875 sqft
    2019-04-01 0 days 1,856 sqft
    2019-05-01 0 days 1,843 sqft
    2019-06-01 0 days 1,840 sqft
    2019-07-01 0 days 1,810 sqft
    2019-08-01 0 days 1,818 sqft
    2019-09-01 0 days 1,830 sqft
    2019-10-01 0 days 1,861 sqft
    2019-11-01 0 days 1,894 sqft
    2019-12-01 0 days 1,892 sqft
    2020-01-01 0 days 1,891 sqft
    2020-02-01 0 days 1,895 sqft
    2020-03-01 0 days 1,894 sqft
    2020-04-01 0 days 1,892 sqft
    2020-05-01 0 days 1,896 sqft
    2020-06-01 0 days 1,920 sqft
    2020-07-01 0 days 1,972 sqft
    2020-08-01 0 days 1,999 sqft
    2020-09-01 0 days 2,149 sqft
    2020-10-01 0 days 2,118 sqft
    2020-11-01 0 days 2,144 sqft
    2020-12-01 0 days 2,187 sqft
    2021-01-01 0 days 2,256 sqft
    2021-02-01 0 days 2,219 sqft
    2021-03-01 0 days 2,251 sqft
    2021-04-01 0 days 2,246 sqft
    2021-05-01 0 days 2,120 sqft
    2021-06-01 0 days 2,268 sqft
    2021-07-01 0 days 2,004 sqft
    2021-08-01 0 days 1,940 sqft
    2021-09-01 0 days 1,900 sqft
    2021-10-01 0 days 2,004 sqft
    2021-11-01 0 days 2,009 sqft
    2021-12-01 0 days 2,132 sqft
    2022-01-01 0 days 2,417 sqft
    2022-02-01 0 days 2,159 sqft
    2022-03-01 0 days 2,012 sqft
    2022-04-01 0 days 2,008 sqft
    2022-05-01 0 days 2,022 sqft
    2022-06-01 0 days 2,003 sqft
    2022-07-01 0 days 2,000 sqft
    2022-08-01 0 days 2,000 sqft
    2022-09-01 0 days 2,035 sqft
    2022-10-01 0 days 2,014 sqft
    2022-11-01 0 days 2,006 sqft
    2022-12-01 0 days 2,004 sqft
    2023-01-01 0 days 2,014 sqft
    2023-02-01 0 days 2,011 sqft
    2023-03-01 0 days 2,015 sqft
    2023-04-01 0 days 2,069 sqft
    2023-05-01 0 days 2,014 sqft
    2023-06-01 0 days 2,052 sqft
    2023-07-01 0 days 2,030 sqft
    2023-08-01 0 days 2,033 sqft
    2023-09-01 0 days 1,906 sqft
    2023-10-01 0 days 1,913 sqft
    2023-11-01 0 days 1,946 sqft
    2023-12-01 0 days 1,953 sqft
    2024-01-01 0 days 1,894 sqft
    2024-02-01 0 days 1,885 sqft
    2024-03-01 0 days 1,936 sqft
    Mccomb's median listing age (time on market) for 2024-03-01 was 0 days.

    Mccomb's median square footage for active listings during the 2024-03-01 period was 1,936 sqft. One year prior, the average listing was 2,015 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.