Columbus Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Columbus averaged
6.81%
for the week of 2025-07-03, compared to the national average of
6.67% for the same period.
The average rate for the prior week (2025-06-26) was
7.01% and
one month ago for the week of 2025-05-29, the
average rate was 7.13%.
Columbus's average rate one year ago was 6.8%.
For refis of the same type during the week of 2025-07-03, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-03 | 6.67% |
| Columbus 30 Year Fixed Rate | 2025-07-03 | 6.81% |
| Columbus 30 Year Fixed Rate Refi | 2025-07-03 | 7.07% |
| Columbus 15 Year Fixed Rate | 2025-07-03 | 5.9% |
| Columbus 15 Year Fixed Rate Refi | 2025-07-03 | 6.3% |
| Columbus 30 Year FHA | 2025-07-03 | -0.12% |
| Columbus 30 Year FHA Refi | 2025-07-03 | 0% |
| Columbus 30 Year USDA | 2025-07-03 | 0.2% |
| Columbus 30 Year USDA Refi | 2025-07-03 | 0.1% |
| Columbus 30 Year VA | 2025-07-03 | 0.19% |
| Columbus 30 Year VA Refi | 2025-07-03 | -0.2% |
Columbus Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Columbus, MS market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Columbus Average Closing Costs & Other Stats
Columbus, MS's 42 lenders originated 981
loans during 2024. The total origination value was $188,515,000, with an average loan value of
$192,166.
Columbus's average closing costs are $5,476.
The top Columbus lender as defined by loan originations is Renasant Bank, with
23 loans originated. Their average total fees are
$4,745, which is $1,513
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Columbus lenders (with over 10 loans originated) are
BancorpSouth ($4,221), Renasant Bank ($4,745), Trustmark National Bank ($4,800), Magnolia Bank ($4,812) and QUICKEN LOANS, LLC ($6,258).
The lowest rate Columbus lenders (with over 10 loans originated) are
Trustmark National Bank (6.56%), BancorpSouth (6.69%), Magnolia Bank (6.75%), Renasant Bank (6.85%) and QUICKEN LOANS, LLC (6.90%).
Columbus, MS Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| BankFirst Financial Services | $11,470,000 | $22,725,000 | 98.1% | 12.1% |
| Renasant Bank | $16,965,000 | $17,495,000 | 3.1% | 9.3% |
| Mortgage Research Center, LLC | $9,165,000 | $14,000,000 | 52.8% | 7.4% |
| BancorpSouth | $11,620,000 | $13,450,000 | 15.7% | 7.1% |
| Trustmark National Bank | $12,560,000 | $10,535,000 | -16.1% | 5.6% |
| QUICKEN LOANS, LLC | $6,585,000 | $9,975,000 | 51.5% | 5.3% |
| Flagstar Bank, FSB | $8,885,000 | $7,675,000 | -13.6% | 4.1% |
| CARDINAL FINANCIAL | $7,075,000 | $5,690,000 | -19.6% | 3.0% |
| Magnolia Bank | $5,385,000 | $5,080,000 | -5.7% | 2.7% |
| COLLIERS MORTGAGE LLC | $4,440,000 | n/a | 2.4% | |
| UNITED WHOLESALE MORTGAGE, LLC | $2,305,000 | $4,165,000 | 80.7% | 2.2% |
| FIRST COLONY MORTGAGE CORPORATION | $335,000 | $3,865,000 | 1,053.7% | 2.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $6,905,000 | $3,630,000 | -47.4% | 1.9% |
| SIRVA MORTGAGE, INC. | $1,300,000 | $3,210,000 | 146.9% | 1.7% |
| LAND HOME FINANCIAL SERVICES, INC. | $2,715,000 | n/a | 1.4% | |
| 21ST MORTGAGE CORPORATION | $1,775,000 | $2,580,000 | 45.4% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,820,000 | $2,485,000 | 36.5% | 1.3% |
| Regions Bank | $3,090,000 | $2,480,000 | -19.7% | 1.3% |
| CBRE MULTIFAMILY CAPITAL, INC. | $2,415,000 | n/a | 1.3% | |
| LEADERONE FINANCIAL CORPORATION | $2,880,000 | $2,350,000 | -18.4% | 1.2% |
| TOWNE MORTGAGE COMPANY | $1,270,000 | $1,925,000 | 51.6% | 1.0% |
| The Citizens National Bank of Meridian | $1,880,000 | $1,860,000 | -1.1% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $1,645,000 | n/a | 0.9% | |
| USAA Federal Savings Bank | $2,080,000 | $1,645,000 | -20.9% | 0.9% |
| GENEVA FINANCIAL, LLC | $275,000 | $1,630,000 | 492.7% | 0.9% |
| NAVY FEDERAL CREDIT UNION | $1,220,000 | $1,470,000 | 20.5% | 0.8% |
| NEWREZ LLC | $495,000 | $1,470,000 | 197.0% | 0.8% |
| STOCKTON MORTGAGE CORPORATION | $750,000 | $1,330,000 | 77.3% | 0.7% |
| JPMorgan Chase Bank | $310,000 | $1,005,000 | 224.2% | 0.5% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $115,000 | $965,000 | 739.1% | 0.5% |
| PLANET HOME LENDING, LLC | $965,000 | n/a | 0.5% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $740,000 | $960,000 | 29.7% | 0.5% |
| The Citizens Bank of Philadelphia, Mississippi | $935,000 | n/a | 0.5% | |
| CROSSCOUNTRY MORTGAGE, LLC | $470,000 | $895,000 | 90.4% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,230,000 | $875,000 | -28.9% | 0.5% |
| Guaranty Bank and Trust Company | $4,800,000 | $795,000 | -83.4% | 0.4% |
| Paramount Residential Mortgage Group, Inc. | $1,260,000 | $780,000 | -38.1% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $800,000 | $770,000 | -3.8% | 0.4% |
| UNION HOME MORTGAGE CORP. | $765,000 | n/a | 0.4% | |
| Goldwater Bank, N.A. | $755,000 | n/a | 0.4% | |
| BROKER SOLUTIONS, INC. | $115,000 | $735,000 | 539.1% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $1,160,000 | $665,000 | -42.7% | 0.4% |
| Raymond James Bank | $665,000 | n/a | 0.4% | |
| LAKEVIEW LOAN SERVICING, LLC | $600,000 | n/a | 0.3% | |
| Wells Fargo Bank | $910,000 | $590,000 | -35.2% | 0.3% |
| First Federal Bank | $1,105,000 | $570,000 | -48.4% | 0.3% |
| The Federal Savings Bank | $55,000 | $555,000 | 909.1% | 0.3% |
| West Alabama Bank & Trust | $905,000 | $555,000 | -38.7% | 0.3% |
| ZILLOW HOME LOANS, LLC | $540,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $245,000 | $495,000 | 102.0% | 0.3% |
| GUILD MORTGAGE COMPANY | $470,000 | n/a | 0.2% | |
| Financial Federal Bank | $465,000 | n/a | 0.2% | |
| The First, A National Banking Association | $995,000 | $465,000 | -53.3% | 0.2% |
| RBC Bank, (Georgia) | $460,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $455,000 | n/a | 0.2% | |
| Mid-Continent Funding, Inc. | $450,000 | n/a | 0.2% | |
| PriorityOne Bank | $435,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $335,000 | $435,000 | 29.9% | 0.2% |
| EVANSVILLE TEACHERS | $425,000 | n/a | 0.2% | |
| Bank of England | $410,000 | n/a | 0.2% | |
| CMG MORTGAGE, INC. | $980,000 | $410,000 | -58.2% | 0.2% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $405,000 | n/a | 0.2% | |
| KEESLER | $385,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $75,000 | $385,000 | 413.3% | 0.2% |
| PLAZA HOME MORTGAGE, INC. | $385,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $355,000 | n/a | 0.2% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $355,000 | n/a | 0.2% | |
| HOMEXPRESS MORTGAGE CORP. | $350,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $430,000 | $345,000 | -19.8% | 0.2% |
| Merchants & Marine Bank | $345,000 | n/a | 0.2% | |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $345,000 | n/a | 0.2% | |
| AmeriHome Mortgage Company, LLC | $340,000 | $340,000 | 0.0% | 0.2% |
| Sunflower Bank | $325,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $325,000 | n/a | 0.2% | |
| American Mortgage Bank, LLC | $320,000 | n/a | 0.2% | |
| CSL Financial, LLC | $260,000 | $315,000 | 21.2% | 0.2% |
| Community Bank of Mississippi | $590,000 | $305,000 | -48.3% | 0.2% |
| NBKC BANK | $2,985,000 | $305,000 | -89.8% | 0.2% |
| Academy Bank | $285,000 | n/a | 0.2% | |
| ALLIANT CREDIT UNION | $285,000 | n/a | 0.2% | |
| AMERISAVE MORTGAGE CORPORATION | $840,000 | $280,000 | -66.7% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $280,000 | n/a | 0.1% | |
| Planters Bank & Trust Company | $270,000 | n/a | 0.1% | |
| U.S. Bank | $1,260,000 | $270,000 | -78.6% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $165,000 | $265,000 | 60.6% | 0.1% |
| SmartBank | $255,000 | n/a | 0.1% | |
| CIS Financial Services, Inc. | $3,245,000 | $240,000 | -92.6% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $310,000 | $235,000 | -24.2% | 0.1% |
| AMERITRUST MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| COMMUNITY MORTGAGE CORPORATION | $205,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $195,000 | n/a | 0.1% | |
| GMFS LLC | $570,000 | $195,000 | -65.8% | 0.1% |
| AVADIAN | $175,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $175,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $390,000 | $175,000 | -55.1% | 0.1% |
| Carrington Mortgage Services, LLC | $590,000 | $155,000 | -73.7% | 0.1% |
| City National Bank of Florida | $155,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $150,000 | n/a | 0.1% | |
| Nations Lending Corporation | $145,000 | $145,000 | 0.0% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $155,000 | $135,000 | -12.9% | 0.1% |
| FirstBank | $425,000 | $130,000 | -69.4% | 0.1% |
| Ameris Bank | $125,000 | n/a | 0.1% | |
| Citizens Bank | $200,000 | $125,000 | -37.5% | 0.1% |
| Citizens Bank | $200,000 | $125,000 | -37.5% | 0.1% |
| First Commercial Bank | $175,000 | $115,000 | -34.3% | 0.1% |
| Coastal Community Bank | $80,000 | $90,000 | 12.5% | 0.0% |
| Discover Bank | $55,000 | $90,000 | 63.6% | 0.0% |
| Evolve Bank & Trust | $75,000 | n/a | 0.0% | |
| Figure Lending LLC | $70,000 | n/a | 0.0% | |
| Alabama One Credit Union | $55,000 | n/a | 0.0% | |
| RUOFF MORTGAGE COMPANY, INC. | $55,000 | n/a | 0.0% | |
| ALL IN | $35,000 | n/a | 0.0% | |
| Bank Independent | $35,000 | n/a | 0.0% |
Columbus's top lender by overall market share is BankFirst Financial Services, with 12.1% market share. In second place, with 9.3%, is Renasant Bank, having originated $17,495,000 in loans. In third place, with 7.4%, is Mortgage Research Center, LLC, having originated $14,000,000 in loans. In fourth place, with 7.1%, is BancorpSouth, having originated $13,450,000 in loans. In fifth place, with 5.6%, is Trustmark National Bank, having originated $10,535,000 in loans.
Columbus, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 595 | $129,205,000 | $217,151 |
| Refi | 186 | $34,520,000 | $185,591 |
| Other | 82 | $9,500,000 | $115,854 |
| Cash Out Refi | 77 | $12,475,000 | $162,013 |
| Home Improvement | 41 | $2,815,000 | $68,659 |
Columbus's most frequently cited loan purpose was Home Purchase, with 595 originations. The 2nd most popular reason was Refi, with 186 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 361 | $89,485,000 | $247,881 |
| Over 8% | 213 | $19,105,000 | $89,695 |
| 5-6% | 163 | $42,465,000 | $260,521 |
| 7-8% | 158 | $26,510,000 | $167,785 |
| <2.5% | 32 | $2,130,000 | $66,563 |
| 4-5% | 29 | $4,825,000 | $166,379 |
| 2.5-3% | 5 | $1,045,000 | $209,000 |
| 3-4% | 4 | $550,000 | $137,500 |
During 2024, Columbus's most frequently originated rate bucket was 6-7%, with 361 originations.
Loan Sizing (Columbus, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 329 | $91,955,000 | $279,498 |
| $100k-200k | 315 | $47,035,000 | $149,317 |
| $100,000 or less | 286 | $14,540,000 | $50,839 |
| $400k-600k | 39 | $17,625,000 | $451,923 |
| $600k-1000k | 8 | $5,500,000 | $687,500 |
| $Over $1MM | 4 | $11,860,000 | $2,965,000 |
Columbus's loan sizing saw the bucket of loans from $200k-400k with 329 originations, totaling $91,955,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 474 | $107,970,000 | $227,785 |
| 60-80% | 152 | $31,690,000 | $208,487 |
| Under 20% | 109 | $3,535,000 | $32,431 |
| 20-40% | 88 | $6,360,000 | $72,273 |
| 40-60% | 67 | $13,025,000 | $194,403 |
| Over 100% | 44 | $12,870,000 | $292,500 |
Columbus's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 474 originations, totaling $107,970,000 in origination value.