Greenville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Greenville averaged
6.52%
for the week of 2024-10-10, compared to the national average of
6.32% for the same period.
The average rate for the prior week (2024-10-03) was
6.32% and
one month ago for the week of 2024-09-05, the
average rate was 6.15%.
Greenville's average rate one year ago was 7.49%.
For refis of the same type during the week of 2024-10-10, the average rate
was 6.42%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-10-10 | 6.32% |
| Greenville 30 Year Fixed Rate | 2024-10-10 | 6.52% |
| Greenville 30 Year Fixed Rate Refi | 2024-10-10 | 6.42% |
| Greenville 15 Year Fixed Rate | 2024-10-10 | 5.41% |
| Greenville 15 Year Fixed Rate Refi | 2024-10-10 | 5.71% |
| Greenville 30 Year FHA | 2024-10-10 | 6.3% |
| Greenville 30 Year FHA Refi | 2024-10-10 | 6% |
| Greenville 30 Year USDA | 2024-10-10 | 6.18% |
| Greenville 30 Year USDA Refi | 2024-10-10 | 5.88% |
| Greenville 30 Year VA | 2024-10-10 | 6.05% |
| Greenville 30 Year VA Refi | 2024-10-10 | 5.65% |
Greenville 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 Greenville, 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.).
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Trustmark National Bank | 10 | 6.83% | $4,301 |
| Regions Bank | 6 | 7.10% | $4,533 |
| QUICKEN LOANS, LLC | 4 | 6.68% | $5,588 |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | 3 | 6.92% | $4,062 |
| GUARANTEED RATE, INC. | 2 | 6.88% | $4,296 |
| EMBRACE HOME LOANS, INC. | 1 | 6.63% | $6,165 |
| Mr. Cooper ( Nationstar Mortgage ) | 1 | 6.63% | $5,968 |
| PENTAGON FEDERAL CREDIT UNION | 1 | 7.50% | $5,073 |
| Renasant Bank | 1 | 6.75% | $4,183 |
| Simmons Bank | 1 | 6.88% | $3,367 |
| AgHeritage Farm Credit Services FLCA | 1 | 7.95% | $4,767 |
| ZILLOW HOME LOANS, LLC | 1 | 7.13% | $4,030 |
| Ally Bank | 1 | 7.38% | $2,436 |
| AmeriHome Mortgage Company, LLC | 1 | 7.38% | $3,682 |
| Bank of England | 1 | 6.75% | $4,592 |
| BankPlus | 1 | 8.38% | $8,219 |
Greenville Average Closing Costs & Other Stats
Greenville, MS's 16 lenders originated 409
loans during 2023. The total origination value was $40,195,000, with an average loan value of
$98,276.
Greenville's average closing costs are $4,723.
The top Greenville lender as defined by loan originations is Trustmark National Bank, with
10 loans originated. Their average total fees are
$4,301, which is $232
lower than the next largest lender,
Regions Bank.
The lowest fee Greenville lenders (with over 10 loans originated) are
Trustmark National Bank ($4,301), .
The lowest rate Greenville lenders (with over 10 loans originated) are
Trustmark National Bank (6.83%), .
Greenville, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Planters Bank & Trust Company | $11,705,000 | $12,155,000 | 3.8% | 30.2% |
| Guaranty Bank and Trust Company | $4,040,000 | $4,400,000 | 8.9% | 10.9% |
| Trustmark National Bank | $5,355,000 | $3,470,000 | -35.2% | 8.6% |
| Regions Bank | $3,055,000 | $2,255,000 | -26.2% | 5.6% |
| QUICKEN LOANS, LLC | $5,475,000 | $2,150,000 | -60.7% | 5.3% |
| BankPlus | $460,000 | $1,500,000 | 226.1% | 3.7% |
| Southern Bancorp Bank | $2,180,000 | $1,280,000 | -41.3% | 3.2% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $1,260,000 | n/a | 3.1% | |
| Community Bank of Mississippi | $1,375,000 | $830,000 | -39.6% | 2.1% |
| Mortgage Research Center, LLC | $990,000 | $800,000 | -19.2% | 2.0% |
| CB&S Bank, Inc. | $990,000 | $485,000 | -51.0% | 1.2% |
| GUARANTY HOME MORTGAGE CORPORATION | $4,545,000 | $435,000 | -90.4% | 1.1% |
| GUARANTEED RATE, INC. | $410,000 | n/a | 1.0% | |
| BancorpSouth | $925,000 | $405,000 | -56.2% | 1.0% |
| COMMUNITY MORTGAGE CORPORATION | $405,000 | n/a | 1.0% | |
| Arvest Bank | $395,000 | n/a | 1.0% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,860,000 | $385,000 | -79.3% | 1.0% |
| PLANET HOME LENDING, LLC | $375,000 | n/a | 0.9% | |
| Cornerstone First Mortgage, Inc | $350,000 | n/a | 0.9% | |
| NAVY FEDERAL CREDIT UNION | $380,000 | $340,000 | -10.5% | 0.8% |
| Renasant Bank | $280,000 | $330,000 | 17.9% | 0.8% |
| AMERISAVE MORTGAGE CORPORATION | $620,000 | $310,000 | -50.0% | 0.8% |
| Bank of England | $305,000 | n/a | 0.8% | |
| AgHeritage Farm Credit Services FLCA | $265,000 | n/a | 0.7% | |
| Mr. Cooper ( Nationstar Mortgage ) | $780,000 | $255,000 | -67.3% | 0.6% |
| 21ST MORTGAGE CORPORATION | $1,090,000 | $250,000 | -77.1% | 0.6% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $235,000 | n/a | 0.6% | |
| OPEN MORTGAGE, LLC | $215,000 | n/a | 0.5% | |
| SIRVA MORTGAGE, INC. | $215,000 | n/a | 0.5% | |
| BankFirst Financial Services | $205,000 | n/a | 0.5% | |
| UNITED WHOLESALE MORTGAGE, LLC | $340,000 | $200,000 | -41.2% | 0.5% |
| Wells Fargo Bank | $245,000 | $200,000 | -18.4% | 0.5% |
| CARDINAL FINANCIAL | $185,000 | n/a | 0.5% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $45,000 | $180,000 | 300.0% | 0.4% |
| EMBRACE HOME LOANS, INC. | $370,000 | $175,000 | -52.7% | 0.4% |
| PENTAGON FEDERAL CREDIT UNION | $175,000 | n/a | 0.4% | |
| LIBERTY HOME MORTGAGE CORPORATION | $165,000 | n/a | 0.4% | |
| LOANDEPOT.COM, LLC | $345,000 | $165,000 | -52.2% | 0.4% |
| NEWREZ LLC | $245,000 | $160,000 | -34.7% | 0.4% |
| AmeriHome Mortgage Company, LLC | $155,000 | n/a | 0.4% | |
| Simmons Bank | $155,000 | n/a | 0.4% | |
| South State Bank | $145,000 | n/a | 0.4% | |
| Evolve Bank & Trust | $215,000 | $140,000 | -34.9% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $135,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $115,000 | $135,000 | 17.4% | 0.3% |
| ZILLOW HOME LOANS, LLC | $135,000 | n/a | 0.3% | |
| Ally Bank | $165,000 | $115,000 | -30.3% | 0.3% |
| COUNTRYPLACE MORTGAGE, LTD. | $95,000 | n/a | 0.2% | |
| The Citizens National Bank of Meridian | $95,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $530,000 | $75,000 | -85.8% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $255,000 | $75,000 | -70.6% | 0.2% |
| BROKER SOLUTIONS, INC. | $125,000 | $65,000 | -48.0% | 0.2% |
| CIS Financial Services, Inc. | $145,000 | $65,000 | -55.2% | 0.2% |
| United Community Bank | $105,000 | $65,000 | -38.1% | 0.2% |
| Citizens Bank | $65,000 | $55,000 | -15.4% | 0.1% |
| Flagstar Bank, FSB | $35,000 | $55,000 | 57.1% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $140,000 | $55,000 | -60.7% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $240,000 | $55,000 | -77.1% | 0.1% |
| Bank of America | $265,000 | $25,000 | -90.6% | 0.1% |
| BankTennessee | $25,000 | n/a | 0.1% |
Greenville's top lender by overall market share is Planters Bank & Trust Company, with 30.2% market share. In second place, with 10.9%, is Guaranty Bank and Trust Company, having originated $4,400,000 in loans. In third place, with 8.6%, is Trustmark National Bank, having originated $3,470,000 in loans. In fourth place, with 5.6%, is Regions Bank, having originated $2,255,000 in loans. In fifth place, with 5.3%, is QUICKEN LOANS, LLC, having originated $2,150,000 in loans.
Greenville, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 204 | $27,130,000 | $132,990 |
| Refi | 141 | $9,055,000 | $64,220 |
| Home Improvement | 34 | $1,470,000 | $43,235 |
| Other | 18 | $1,190,000 | $66,111 |
| Cash Out Refi | 12 | $1,350,000 | $112,500 |
Greenville's most frequently cited loan purpose was Home Purchase, with 204 originations. The 2nd most popular reason was Refi, with 141 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 166 | $11,060,000 | $66,627 |
| 7-8% | 83 | $8,605,000 | $103,675 |
| 6-7% | 74 | $11,140,000 | $150,541 |
| 5-6% | 25 | $3,585,000 | $143,400 |
| <2.5% | 11 | $315,000 | $28,636 |
| 4-5% | 3 | $675,000 | $225,000 |
| 3-4% | 1 | $125,000 | $125,000 |
| 2.5-3% | 1 | $55,000 | $55,000 |
During 2023, Greenville's most frequently originated rate bucket was Over 8%, with 166 originations.
Loan Sizing (Greenville, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 257 | $11,105,000 | $43,210 |
| $100k-200k | 104 | $15,120,000 | $145,385 |
| $200k-400k | 42 | $10,910,000 | $259,762 |
| $400k-600k | 5 | $2,195,000 | $439,000 |
| $600k-1000k | 1 | $865,000 | $865,000 |
Greenville's loan sizing saw the bucket of loans from $100,000 or less with 257 originations, totaling $11,105,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 129 | $19,015,000 | $147,403 |
| 60-80% | 94 | $8,750,000 | $93,085 |
| 40-60% | 67 | $4,845,000 | $72,313 |
| 20-40% | 40 | $1,840,000 | $46,000 |
| Under 20% | 31 | $475,000 | $15,323 |
| Over 100% | 3 | $485,000 | $161,667 |
Greenville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 129 originations, totaling $19,015,000 in origination value.