Vicksburg VA Loan Rates, Closing Costs & Stats

Vicksburg, 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.

    Vicksburg's 16 lenders originated 38 VA loans during 2023. The total origination value was $8,860,000, with an average VA loan value of $233,158.

    Vicksburg VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Vicksburg averaged 7.1% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Vicksburg's average VA mortgage closing costs are $5,523.

    The average rate for the prior week (2024-04-12) was 6.53% and one month ago for the week of 2024-03-15, the average rate was 6.5%.

    The average rate one year ago was 5.99%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Vicksburg 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 Vicksburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 10 6.62% $5,587
    Trustmark National Bank 4 6.09% $7,136
    NEW DAY FINANCIAL, LLC 3 7.41% $9,096
    PENNYMAC LOAN SERVICES, LLC 2 5.25% $3,985
    PENTAGON FEDERAL CREDIT UNION 2 5.75% $9,266
    BancorpSouth 2 6.75% $6,876
    NAVY FEDERAL CREDIT UNION 2 6.13% $6,476
    QUICKEN LOANS, LLC 2 5.99% $11,307
    USAA Federal Savings Bank 1 6.38% $10,781
    FIDELITY BANK 1 6.25% $4,621
    GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $9,175
    PLANET HOME LENDING, LLC 1 6.63% $5,845
    Presidential Bank, FSB 1 6.25% $9,975
    SWBC MORTGAGE CORPORATION 1 7.25% $8,597
    The Federal Savings Bank 1 5.75% $13,599
    UNITED WHOLESALE MORTGAGE, LLC 1 6.50% $674

    The top Vicksburg VA lender as defined by loan originations is Mortgage Research Center, LLC, with 10 VA loans originated. Their average total fees are $5,587, which is $1,549 lower than the next largest lender, Trustmark National Bank.

    The lowest fee Vicksburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,587), .

    The lowest rate Vicksburg VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.62%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Vicksburg (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 $132,475 (-2.4%) $167,763 (2.6%) 0.00 221
    2018-02-01 $129,900 (-1.9%) $167,138 (3.5%) 0.00 220
    2018-03-01 $131,500 (-9.3%) $169,082 (-1.7%) 0.00 209
    2018-04-01 $134,000 (-7.3%) $174,355 (1.5%) 0.00 204
    2018-05-01 $129,900 (-7.2%) $170,651 (-2.0%) 0.00 214
    2018-06-01 $129,900 (-8.0%) $175,078 (0.1%) 0.00 214
    2018-07-01 $141,175 (-5.2%) $182,431 (1.5%) 0.00 216
    2018-08-01 $137,250 (-8.0%) $178,927 (0.3%) 0.00 211
    2018-09-01 $143,500 (-4.3%) $180,256 (-1.2%) 0.00 198
    2018-10-01 $147,000 (-1.6%) $182,183 (0.6%) 0.00 197
    2018-11-01 $144,950 (-2.7%) $186,009 (2.1%) 0.00 192
    2018-12-01 $151,250 (4.7%) $189,423 (5.7%) 0.00 180
    2019-01-01 $146,500 (10.6%) $189,066 (12.7%) 0.00 165
    2019-02-01 $154,200 (18.7%) $188,799 (13.0%) 0.00 155
    2019-03-01 $147,143 (11.9%) $185,521 (9.7%) 0.00 156
    2019-04-01 $149,643 (11.7%) $186,885 (7.2%) 0.00 155
    2019-05-01 $134,975 (3.9%) $179,506 (5.2%) 0.00 147
    2019-06-01 $131,500 (1.2%) $176,427 (0.8%) 0.00 147
    2019-07-01 $130,000 (-7.9%) $168,267 (-7.8%) 0.00 135
    2019-08-01 $130,272 (-5.1%) $166,858 (-6.7%) 0.00 133
    2019-09-01 $130,681 (-8.9%) $171,671 (-4.8%) 0.00 126
    2019-10-01 $133,500 (-9.2%) $177,331 (-2.7%) 0.00 125
    2019-11-01 $140,000 (-3.4%) $193,768 (4.2%) 0.00 123
    2019-12-01 $149,000 (-1.5%) $197,185 (4.1%) 0.00 125
    2020-01-01 $140,750 (-3.9%) $188,808 (-0.1%) 0.00 112
    2020-02-01 $150,000 (-2.7%) $189,455 (0.4%) 0.00 116
    2020-03-01 $159,950 (8.7%) $197,921 (6.7%) 0.00 119
    2020-04-01 $162,500 (8.6%) $191,250 (2.3%) 0.00 115
    2020-05-01 $154,500 (14.5%) $193,765 (7.9%) 0.00 109
    2020-06-01 $150,000 (14.1%) $198,237 (12.4%) 0.00 98
    2020-07-01 $159,450 (22.7%) $202,861 (20.6%) 0.00 93
    2020-08-01 $165,000 (26.7%) $207,730 (24.5%) 0.00 94
    2020-09-01 $173,450 (32.7%) $227,647 (32.6%) 0.00 95
    2020-10-01 $191,000 (43.1%) $245,539 (38.5%) 0.00 86
    2020-11-01 $185,000 (32.1%) $237,069 (22.4%) 0.00 90
    2020-12-01 $163,475 (9.7%) $235,006 (19.2%) 0.00 84
    2021-01-01 $159,250 (13.1%) $213,167 (12.9%) 0.00 72
    2021-02-01 $154,950 (3.3%) $202,758 (7.0%) 0.00 68
    2021-03-01 $149,638 (-6.5%) $198,735 (0.4%) 0.00 73
    2021-04-01 $143,475 (-11.7%) $194,117 (1.5%) 0.00 68
    2021-05-01 $167,500 (8.4%) $210,536 (8.7%) 0.00 67
    2021-06-01 $169,950 (13.3%) $252,418 (27.3%) 0.00 67
    2021-07-01 $150,000 (-5.9%) $245,402 (21.0%) 0.00 61
    2021-08-01 $152,500 (-7.6%) $247,136 (19.0%) 0.00 70
    2021-09-01 $159,000 (-8.3%) $254,997 (12.0%) 0.00 62
    2021-10-01 $139,450 (-27.0%) $213,983 (-12.9%) 0.00 64
    2021-11-01 $145,900 (-21.1%) $228,776 (-3.5%) 0.00 66
    2021-12-01 $139,975 (-14.4%) $227,954 (-3.0%) 0.00 65
    2022-01-01 $150,000 (-5.8%) $219,374 (2.9%) 0.00 62
    2022-02-01 $171,250 (10.5%) $233,396 (15.1%) 0.00 63
    2022-03-01 $167,500 (11.9%) $229,715 (15.6%) 0.00 62
    2022-04-01 $176,300 (22.9%) $228,085 (17.5%) 0.00 69
    2022-05-01 $220,000 (31.3%) $265,771 (26.2%) 0.00 73
    2022-06-01 $206,250 (21.4%) $248,896 (-1.4%) 0.00 85
    2022-07-01 $220,000 (46.7%) $252,854 (3.0%) 0.00 84
    2022-08-01 $200,000 (31.2%) $257,469 (4.2%) 0.00 84
    2022-09-01 $215,500 (35.5%) $255,293 (0.1%) 0.00 82
    2022-10-01 $195,000 (39.8%) $226,395 (5.8%) 0.00 80
    2022-11-01 $189,000 (29.5%) $218,882 (-4.3%) 0.00 87
    2022-12-01 $185,250 (32.4%) $212,418 (-6.8%) 0.00 85
    2023-01-01 $180,750 (20.5%) $195,919 (-10.7%) 0.00 88
    2023-02-01 $160,000 (-6.6%) $188,353 (-19.3%) 0.00 86
    2023-03-01 $154,500 (-7.8%) $182,482 (-20.6%) 0.00 84
    2023-04-01 $167,700 (-4.9%) $199,200 (-12.7%) 0.00 90
    2023-05-01 $159,900 (-27.3%) $197,835 (-25.6%) 0.00 86
    2023-06-01 $157,000 (-23.9%) $192,133 (-22.8%) 0.00 88
    2023-07-01 $168,750 (-23.3%) $196,594 (-22.3%) 0.00 88
    2023-08-01 $182,725 (-8.6%) $207,726 (-19.3%) 0.00 95
    2023-09-01 $165,000 (-23.4%) $194,258 (-23.9%) 0.00 98
    2023-10-01 $165,450 (-15.2%) $196,602 (-13.2%) 0.00 97
    2023-11-01 $165,975 (-12.2%) $201,325 (-8.0%) 0.00 98
    2023-12-01 $174,950 (-5.6%) $212,708 (0.1%) 0.00 95
    2024-01-01 $183,750 (1.7%) $210,945 (7.7%) 0.00 80
    2024-02-01 $183,750 (14.8%) $216,236 (14.8%) 0.00 90
    2024-03-01 $192,500 (24.6%) $221,138 (21.2%) 0.00 76
    Vicksburg's median listing price for 2024-03-01 was $192,500, a difference of $38,000 (24.6%) versus the prior year and $8,750 versus the prior month.

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

    Vicksburg's average listing price for 2024-03-01 was $221,138, a difference of $38,656 (21.2%) versus the prior year and $4,902 versus the prior month.

    For the 2024-03-01 period, Vicksburg had 76 MLS listings, a difference of -14 listings (-16%) versus the prior month and -8 listings (-10%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Vicksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,837 sqft
    2018-02-01 0 days 1,839 sqft
    2018-03-01 0 days 1,866 sqft
    2018-04-01 0 days 1,908 sqft
    2018-05-01 0 days 1,893 sqft
    2018-06-01 0 days 1,891 sqft
    2018-07-01 0 days 1,910 sqft
    2018-08-01 0 days 1,907 sqft
    2018-09-01 0 days 1,907 sqft
    2018-10-01 0 days 1,915 sqft
    2018-11-01 0 days 1,955 sqft
    2018-12-01 0 days 1,958 sqft
    2019-01-01 0 days 1,944 sqft
    2019-02-01 0 days 1,929 sqft
    2019-03-01 0 days 1,880 sqft
    2019-04-01 0 days 1,882 sqft
    2019-05-01 0 days 1,824 sqft
    2019-06-01 0 days 1,805 sqft
    2019-07-01 0 days 1,770 sqft
    2019-08-01 0 days 1,755 sqft
    2019-09-01 0 days 1,759 sqft
    2019-10-01 0 days 1,762 sqft
    2019-11-01 0 days 1,812 sqft
    2019-12-01 0 days 1,806 sqft
    2020-01-01 0 days 1,800 sqft
    2020-02-01 0 days 1,780 sqft
    2020-03-01 0 days 1,849 sqft
    2020-04-01 0 days 1,868 sqft
    2020-05-01 0 days 1,851 sqft
    2020-06-01 0 days 1,820 sqft
    2020-07-01 0 days 1,838 sqft
    2020-08-01 0 days 1,851 sqft
    2020-09-01 0 days 1,926 sqft
    2020-10-01 0 days 2,100 sqft
    2020-11-01 0 days 2,034 sqft
    2020-12-01 0 days 1,861 sqft
    2021-01-01 0 days 1,850 sqft
    2021-02-01 0 days 1,825 sqft
    2021-03-01 0 days 1,767 sqft
    2021-04-01 0 days 1,672 sqft
    2021-05-01 0 days 1,839 sqft
    2021-06-01 0 days 1,735 sqft
    2021-07-01 0 days 1,661 sqft
    2021-08-01 0 days 1,727 sqft
    2021-09-01 0 days 1,702 sqft
    2021-10-01 0 days 1,703 sqft
    2021-11-01 0 days 1,703 sqft
    2021-12-01 0 days 1,644 sqft
    2022-01-01 0 days 1,675 sqft
    2022-02-01 0 days 1,759 sqft
    2022-03-01 0 days 1,745 sqft
    2022-04-01 0 days 1,912 sqft
    2022-05-01 0 days 2,054 sqft
    2022-06-01 0 days 1,862 sqft
    2022-07-01 0 days 1,864 sqft
    2022-08-01 0 days 1,856 sqft
    2022-09-01 0 days 1,860 sqft
    2022-10-01 0 days 1,822 sqft
    2022-11-01 0 days 1,803 sqft
    2022-12-01 0 days 1,832 sqft
    2023-01-01 0 days 1,827 sqft
    2023-02-01 0 days 1,843 sqft
    2023-03-01 0 days 1,847 sqft
    2023-04-01 0 days 1,929 sqft
    2023-05-01 0 days 1,821 sqft
    2023-06-01 0 days 1,816 sqft
    2023-07-01 0 days 1,829 sqft
    2023-08-01 0 days 1,866 sqft
    2023-09-01 0 days 1,853 sqft
    2023-10-01 0 days 1,902 sqft
    2023-11-01 0 days 1,892 sqft
    2023-12-01 0 days 1,916 sqft
    2024-01-01 0 days 1,925 sqft
    2024-02-01 0 days 1,924 sqft
    2024-03-01 0 days 1,924 sqft
    Vicksburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Vicksburg's median square footage for active listings during the 2024-03-01 period was 1,924 sqft. One year prior, the average listing was 1,847 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.