Greenville Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Greenville averaged 7.23% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 7.06% and one month ago for the week of 2023-02-09, the average rate was 6.55%.

    Greenville's average rate one year ago was 4.28%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.85%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Greenville 30 Year Fixed Rate 2023-03-16 7.23%
    Greenville 30 Year Fixed Rate Refi 2023-03-16 6.85%
    Greenville 15 Year Fixed Rate 2023-03-16 7.17%
    Greenville 15 Year Fixed Rate Refi 2023-03-16 6.13%
    Greenville 30 Year FHA 2023-03-16 6.68%
    Greenville 30 Year FHA Refi 2023-03-16 6.64%
    Greenville 30 Year USDA 2023-03-16 6.46%
    Greenville 30 Year USDA Refi 2023-03-16 5.62%
    Greenville 30 Year VA 2023-03-16 6.63%
    Greenville 30 Year VA Refi 2023-03-16 6.21%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Greenville, MS.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Trustmark National Bank 18 3.46% $3,413
    QUICKEN LOANS, LLC 17 3.19% $4,885
    Regions Bank 9 3.31% $3,533
    Magnolia Bank 8 3.19% $4,698
    Wells Fargo Bank 4 3.41% $2,660
    GUARANTY HOME MORTGAGE CORPORATION 4 3.19% $6,848
    First Federal Bank 3 3.21% $8,318
    Mr. Cooper ( Nationstar Mortgage ) 2 3.00% $4,782
    CB&S Bank, Inc. 2 2.94% $3,581
    FREEDOM MORTGAGE CORPORATION 2 3.38% $884
    LOANDEPOT.COM, LLC 2 2.93% $1,746
    BancorpSouth Bank 2 3.19% $2,946
    FIDELITY BANK 2 3.31% $3,299
    NAVY FEDERAL CREDIT UNION 2 4.44% $4,021
    CALIBER HOME LOANS, INC. 2 3.04% $3,234
    Simmons Bank 1 3.25% $5,842
    SIRVA MORTGAGE, INC. 1 3.50% $509
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.25% $2,634
    HOPE FEDERAL CREDIT UNION 1 4.75% $3,809
    AMERISAVE MORTGAGE CORPORATION 1 2.75% $2,256
    BETTER MORTGAGE CORPORATION 1 3.00% $5,258
    CHURCHILL MORTGAGE CORPORATION 1 3.25% $3,370
    Citizens Bank 1 3.13% $2,860
    Community Bank of Mississippi 1 3.25% $3,332
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.25% $3,305
    First Horizon Bank 1 2.75% $1,746
    FIRST NORTHERN Credit Union 1 3.25% $3,191
    Ally Bank 1 3.25% $1,971
    JPMorgan Chase Bank 1 3.25% $3,617
    Mortgage Research Center, LLC 1 2.99% $5,448
    Origin Bank 1 2.63% $2,297
    ROYAL UNITED MORTGAGE LLC 1 3.63% $7,302
    RUOFF MORTGAGE COMPANY, INC. 1 3.38% $2,675

    Greenville Average Closing Costs & Other Stats

    Greenville, MS's 33 lenders originated 668 loans during 2021. The total origination value was $91,920,000, with an average loan value of $137,605.

    Greenville's average closing costs are $4,284.

    The top Greenville lender as defined by loan originations is Trustmark National Bank, with 18 loans originated. Their average total fees are $3,413, which is $1,472 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Greenville lenders (with over 10 loans originated) are Trustmark National Bank ($3,413), QUICKEN LOANS, LLC ($4,885), .

    The lowest rate Greenville lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (3.19%), Trustmark National Bank (3.46%), .

    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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Planters Bank & Trust Company $13,120,000 $10,905,000 -16.9% 11.9%
    QUICKEN LOANS, LLC $8,840,000 $10,065,000 13.9% 10.9%
    Capital One $8,005,000 n/a 8.7%
    Magnolia Bank $6,510,000 $5,810,000 -10.8% 6.3%
    Arbor Realty Trust, Inc. $4,945,000 n/a 5.4%
    PriorityOne Bank $5,215,000 $4,935,000 -5.4% 5.4%
    Trustmark National Bank $3,015,000 $4,725,000 56.7% 5.1%
    Guaranty Bank and Trust Company $2,770,000 $4,130,000 49.1% 4.5%
    Regions Bank $5,810,000 $3,290,000 -43.4% 3.6%
    FREEDOM MORTGAGE CORPORATION $2,695,000 $3,100,000 15.0% 3.4%
    BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC $3,070,000 n/a 3.3%
    BankPlus $495,000 $2,980,000 502.0% 3.2%
    Southern Bancorp Bank $2,385,000 $2,305,000 -3.4% 2.5%
    GUARANTY HOME MORTGAGE CORPORATION $495,000 $1,625,000 228.3% 1.8%
    21ST MORTGAGE CORPORATION $425,000 $1,445,000 240.0% 1.6%
    Community Bank of Mississippi $1,570,000 $1,270,000 -19.1% 1.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,180,000 $1,185,000 0.4% 1.3%
    Mortgage Research Center, LLC $725,000 $1,135,000 56.6% 1.2%
    LOANDEPOT.COM, LLC $515,000 $1,125,000 118.4% 1.2%
    First Federal Bank $700,000 $1,120,000 60.0% 1.2%
    CB&S Bank, Inc. $1,330,000 $1,055,000 -20.7% 1.1%
    AMERISAVE MORTGAGE CORPORATION $215,000 $910,000 323.3% 1.0%
    BancorpSouth Bank $35,000 $810,000 2,214.3% 0.9%
    Wells Fargo Bank $615,000 $695,000 13.0% 0.8%
    CALIBER HOME LOANS, INC. $185,000 $635,000 243.2% 0.7%
    Mr. Cooper ( Nationstar Mortgage ) $680,000 $635,000 -6.6% 0.7%
    Simmons Bank $590,000 n/a 0.6%
    USAA Federal Savings Bank $165,000 $560,000 239.4% 0.6%
    Nations Lending Corporation $555,000 n/a 0.6%
    Liberty Bank and Trust Company $65,000 $445,000 584.6% 0.5%
    VILLAGE CAPITAL & INVESTMENT LLC $535,000 $425,000 -20.6% 0.5%
    BETTER MORTGAGE CORPORATION $400,000 n/a 0.4%
    NEWREZ LLC $265,000 $400,000 50.9% 0.4%
    Origin Bank $270,000 $395,000 46.3% 0.4%
    Lakeview Community Capital, LLC $375,000 n/a 0.4%
    NAVY FEDERAL CREDIT UNION $45,000 $330,000 633.3% 0.4%
    Carrington Mortgage Services, LLC $340,000 $320,000 -5.9% 0.3%
    SIRVA MORTGAGE, INC. $305,000 n/a 0.3%
    FIDELITY BANK $115,000 $250,000 117.4% 0.3%
    First Horizon Bank $245,000 n/a 0.3%
    Renasant Bank $570,000 $245,000 -57.0% 0.3%
    Flagstar Bank, FSB $175,000 $240,000 37.1% 0.3%
    AMERICAN INTERNET MORTGAGE, INC. $235,000 n/a 0.3%
    U.S. Bank $55,000 $200,000 263.6% 0.2%
    CHURCHILL MORTGAGE CORPORATION $85,000 $195,000 129.4% 0.2%
    INTERLINC MORTGAGE SERVICES, LLC $180,000 n/a 0.2%
    Austin Capital Bank SSB $165,000 n/a 0.2%
    BECKAM FUNDING CORP. $155,000 n/a 0.2%
    Chicago Mortgage Solutions LLC $155,000 n/a 0.2%
    FINANCE OF AMERICA COMMERCIAL LLC $155,000 n/a 0.2%
    BROKER SOLUTIONS, INC. $150,000 n/a 0.2%
    VANDERBILT MORTGAGE AND FINANCE, INC. $115,000 $150,000 30.4% 0.2%
    JPMorgan Chase Bank $145,000 $145,000 0.0% 0.2%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $95,000 $145,000 52.6% 0.2%
    SUCCESS MORTGAGE PARTNERS, INC. $145,000 n/a 0.2%
    AMERICAN ADVISORS GROUP $70,000 $135,000 92.9% 0.1%
    Citizens Bank $135,000 n/a 0.1%
    First Savings Bank $135,000 n/a 0.1%
    FirstBank $130,000 n/a 0.1%
    RUOFF MORTGAGE COMPANY, INC. $125,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $245,000 $120,000 -51.0% 0.1%
    FIRST NORTHERN Credit Union $115,000 n/a 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $105,000 n/a 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $85,000 n/a 0.1%
    VELOCITY COMMERCIAL CAPITAL, LLC $85,000 n/a 0.1%
    Ally Bank $75,000 n/a 0.1%
    Citizens Bank $75,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $105,000 $75,000 -28.6% 0.1%
    Bank of America $120,000 $65,000 -45.8% 0.1%
    KEESLER $65,000 n/a 0.1%
    Reliant Bank $65,000 n/a 0.1%
    1st Franklin Financial Corporation $60,000 n/a 0.1%
    HOPE FEDERAL CREDIT UNION $710,000 $55,000 -92.3% 0.1%
    BankTennessee $25,000 n/a 0.0%
    Clearview Federal Credit Union $25,000 n/a 0.0%

    Greenville's top lender by overall market share is Planters Bank & Trust Company, with 11.9% market share. In second place, with 10.9%, is QUICKEN LOANS, LLC, having originated $10,065,000 in loans. In third place, with 8.7%, is Capital One, having originated $8,005,000 in loans. In fourth place, with 6.3%, is Magnolia Bank, having originated $5,810,000 in loans. In fifth place, with 5.4%, is Arbor Realty Trust, Inc., having originated $4,945,000 in loans.

    Greenville Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Greenville (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 $123,625 (25.2%) $148,651 (11.7%) 0.00 120
    2018-02-01 $140,225 (37.2%) $154,582 (8.5%) 0.00 129
    2018-03-01 $139,950 (36.9%) $155,054 (2.1%) 0.00 134
    2018-04-01 $140,750 (22.4%) $159,072 (-1.0%) 0.00 133
    2018-05-01 $135,000 (14.4%) $152,283 (-2.4%) 0.00 137
    2018-06-01 $122,000 (-8.3%) $142,479 (-13.6%) 0.00 147
    2018-07-01 $135,000 (10.2%) $143,522 (-7.0%) 0.00 142
    2018-08-01 $128,450 (7.5%) $139,911 (-7.9%) 0.00 135
    2018-09-01 $119,000 (0.0%) $139,772 (-5.2%) 0.00 132
    2018-10-01 $119,250 (-0.6%) $141,394 (-1.8%) 0.00 143
    2018-11-01 $123,225 (2.7%) $139,577 (-1.8%) 0.00 138
    2018-12-01 $130,000 (8.3%) $144,745 (1.4%) 0.00 128
    2019-01-01 $130,000 (5.2%) $148,057 (-0.4%) 0.00 113
    2019-02-01 $124,350 (-11.3%) $147,043 (-4.9%) 0.00 110
    2019-03-01 $121,321 (-13.3%) $144,565 (-6.8%) 0.00 106
    2019-04-01 $123,500 (-12.3%) $144,623 (-9.1%) 0.00 110
    2019-05-01 $120,625 (-10.7%) $143,240 (-5.9%) 0.00 116
    2019-06-01 $125,000 (2.5%) $143,742 (0.9%) 0.00 115
    2019-07-01 $128,225 (-5.0%) $149,997 (4.5%) 0.00 103
    2019-08-01 $119,691 (-6.8%) $144,586 (3.3%) 0.00 98
    2019-09-01 $108,052 (-9.2%) $137,499 (-1.6%) 0.00 103
    2019-10-01 $99,625 (-16.5%) $133,664 (-5.5%) 0.00 106
    2019-11-01 $110,000 (-10.7%) $133,418 (-4.4%) 0.00 113
    2019-12-01 $98,750 (-24.0%) $129,567 (-10.5%) 0.00 110
    2020-01-01 $106,125 (-18.4%) $128,213 (-13.4%) 0.00 105
    2020-02-01 $114,950 (-7.6%) $141,561 (-3.7%) 0.00 117
    2020-03-01 $124,950 (3.0%) $148,632 (2.8%) 0.00 119
    2020-04-01 $114,950 (-6.9%) $149,408 (3.3%) 0.00 119
    2020-05-01 $125,000 (3.6%) $155,807 (8.8%) 0.00 108
    2020-06-01 $123,750 (-1.0%) $159,090 (10.7%) 0.00 107
    2020-07-01 $125,000 (-2.5%) $158,746 (5.8%) 0.00 103
    2020-08-01 $120,000 (0.3%) $158,717 (9.8%) 0.00 102
    2020-09-01 $119,900 (11.0%) $154,705 (12.5%) 0.00 91
    2020-10-01 $119,500 (20.0%) $159,869 (19.6%) 0.00 89
    2020-11-01 $109,750 (-0.2%) $154,683 (15.9%) 0.00 95
    2020-12-01 $110,000 (11.4%) $157,048 (21.2%) 0.00 88
    2021-01-01 $110,000 (3.7%) $158,116 (23.3%) 0.00 86
    2021-02-01 $106,250 (-7.6%) $150,548 (6.4%) 0.00 87
    2021-03-01 $114,500 (-8.4%) $154,150 (3.7%) 0.00 77
    2021-04-01 $120,000 (4.4%) $157,559 (5.5%) 0.00 74
    2021-05-01 $135,000 (8.0%) $168,334 (8.0%) 0.00 65
    2021-06-01 $136,250 (10.1%) $179,195 (12.6%) 0.00 66
    2021-07-01 $129,000 (3.2%) $176,869 (11.4%) 0.00 64
    2021-08-01 $129,750 (8.1%) $181,769 (14.5%) 0.00 57
    2021-09-01 $130,125 (8.5%) $173,257 (12.0%) 0.00 58
    2021-10-01 $128,500 (7.5%) $160,327 (0.3%) 0.00 70
    2021-11-01 $129,000 (17.5%) $162,575 (5.1%) 0.00 75
    2021-12-01 $129,250 (17.5%) $170,985 (8.9%) 0.00 67
    2022-01-01 $129,900 (18.1%) $184,405 (16.6%) 0.00 65
    2022-02-01 $125,000 (17.7%) $174,498 (15.9%) 0.00 57
    2022-03-01 $100,000 (-12.7%) $155,993 (1.2%) 0.00 55
    2022-04-01 $139,950 (16.6%) $187,530 (19.0%) 0.00 49
    2022-05-01 $138,950 (2.9%) $172,128 (2.3%) 0.00 51
    2022-06-01 $136,000 (-0.2%) $156,507 (-12.7%) 0.00 51
    2022-07-01 $142,900 (10.8%) $160,291 (-9.4%) 0.00 62
    2022-08-01 $144,625 (11.5%) $161,288 (-11.3%) 0.00 70
    2022-09-01 $149,250 (14.7%) $172,164 (-0.6%) 0.00 67
    2022-10-01 $136,450 (6.2%) $164,016 (2.3%) 0.00 66
    2022-11-01 $135,000 (4.7%) $157,943 (-2.9%) 0.00 66
    2022-12-01 $135,000 (4.5%) $158,798 (-7.1%) 0.00 70
    2023-01-01 $134,995 (3.9%) $155,149 (-15.9%) 0.00 69
    2023-02-01 $128,750 (3.0%) $160,465 (-8.0%) 0.00 64
    Greenville's median listing price for 2023-02-01 was $128,750, a difference of $3,750 (3.0%) versus the prior year and $-6,245 versus the prior month.

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

    Greenville's average listing price for 2023-02-01 was $160,465, a difference of $-14,033 (-8.0%) versus the prior year and $5,316 versus the prior month.

    For the 2023-02-01 period, Greenville had 64 MLS listings, a difference of -5 listings (-7%) versus the prior month and 7 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,961 sqft
    2018-02-01 0 days 2,135 sqft
    2018-03-01 0 days 2,139 sqft
    2018-04-01 0 days 2,140 sqft
    2018-05-01 0 days 2,065 sqft
    2018-06-01 0 days 1,998 sqft
    2018-07-01 0 days 2,030 sqft
    2018-08-01 0 days 1,997 sqft
    2018-09-01 0 days 2,030 sqft
    2018-10-01 0 days 2,042 sqft
    2018-11-01 0 days 1,997 sqft
    2018-12-01 0 days 2,035 sqft
    2019-01-01 0 days 2,054 sqft
    2019-02-01 0 days 2,090 sqft
    2019-03-01 0 days 2,088 sqft
    2019-04-01 0 days 2,100 sqft
    2019-05-01 0 days 2,043 sqft
    2019-06-01 0 days 2,040 sqft
    2019-07-01 0 days 2,019 sqft
    2019-08-01 0 days 1,963 sqft
    2019-09-01 0 days 1,900 sqft
    2019-10-01 0 days 1,870 sqft
    2019-11-01 0 days 1,885 sqft
    2019-12-01 0 days 1,886 sqft
    2020-01-01 0 days 1,906 sqft
    2020-02-01 0 days 1,994 sqft
    2020-03-01 0 days 1,999 sqft
    2020-04-01 0 days 1,947 sqft
    2020-05-01 0 days 2,002 sqft
    2020-06-01 0 days 2,037 sqft
    2020-07-01 0 days 1,994 sqft
    2020-08-01 0 days 2,165 sqft
    2020-09-01 0 days 2,142 sqft
    2020-10-01 0 days 2,121 sqft
    2020-11-01 0 days 1,876 sqft
    2020-12-01 0 days 2,020 sqft
    2021-01-01 0 days 1,961 sqft
    2021-02-01 0 days 1,835 sqft
    2021-03-01 0 days 1,923 sqft
    2021-04-01 0 days 1,967 sqft
    2021-05-01 0 days 2,131 sqft
    2021-06-01 0 days 2,297 sqft
    2021-07-01 0 days 2,207 sqft
    2021-08-01 0 days 2,230 sqft
    2021-09-01 0 days 2,126 sqft
    2021-10-01 0 days 1,896 sqft
    2021-11-01 0 days 1,765 sqft
    2021-12-01 0 days 1,700 sqft
    2022-01-01 0 days 1,868 sqft
    2022-02-01 0 days 1,820 sqft
    2022-03-01 0 days 1,672 sqft
    2022-04-01 0 days 1,950 sqft
    2022-05-01 0 days 1,907 sqft
    2022-06-01 0 days 1,842 sqft
    2022-07-01 0 days 1,811 sqft
    2022-08-01 0 days 1,745 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,736 sqft
    2022-11-01 0 days 1,761 sqft
    2022-12-01 0 days 1,775 sqft
    2023-01-01 0 days 1,738 sqft
    2023-02-01 0 days 1,749 sqft
    Greenville's median listing age (time on market) for 2023-02-01 was 0 days.

    Greenville's median square footage for active listings during the 2023-02-01 period was 1,749 sqft. One year prior, the average listing was 1,820 sqft.

    Greenville, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 295 $38,765,000 $131,407
    Refi 293 $46,065,000 $157,218
    Cash Out Refi 45 $5,335,000 $118,556
    Home Improvement 23 $1,065,000 $46,304
    Other 12 $690,000 $57,500

    Greenville's most frequently cited loan purpose was Home Purchase, with 295 originations. The 2nd most popular reason was Refi, with 293 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 165 $23,085,000 $139,909
    2.5-3% 160 $23,750,000 $148,438
    4-5% 105 $12,015,000 $114,429
    <2.5% 84 $10,680,000 $127,143
    5-6% 68 $3,550,000 $52,206
    6-7% 27 $2,305,000 $85,370
    Over 8% 11 $645,000 $58,636
    7-8% 4 $210,000 $52,500

    During 2021, Greenville's most frequently originated rate bucket was 3-4%, with 165 originations.

    Loan Sizing (Greenville, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 365 $18,705,000 $51,247
    $100k-200k 218 $31,120,000 $142,752
    $200k-400k 70 $17,520,000 $250,286
    $400k-600k 9 $4,405,000 $489,444
    $Over $1MM 6 $20,170,000 $3,361,667

    Greenville's loan sizing saw the bucket of loans from $100,000 or less with 365 originations, totaling $18,705,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 263 $42,435,000 $161,350
    60-80% 192 $28,630,000 $149,115
    40-60% 76 $6,110,000 $80,395
    20-40% 44 $2,050,000 $46,591
    Under 20% 25 $415,000 $16,600
    Over 100% 4 $600,000 $150,000

    Greenville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 263 originations, totaling $42,435,000 in origination value.