Greenville Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Greenville averaged
7.18%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
6.92% and
one month ago for the week of 2023-08-10, the
average rate was 6.76%.
Greenville's average rate one year ago was 5.99%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7.08%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Greenville 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Greenville 30 Year Fixed Rate Refi | 2023-09-14 | 7.08% |
| Greenville 15 Year Fixed Rate | 2023-09-14 | 6.31% |
| Greenville 15 Year Fixed Rate Refi | 2023-09-14 | 6.81% |
| Greenville 30 Year FHA | 2023-09-14 | 6.99% |
| Greenville 30 Year FHA Refi | 2023-09-14 | 6.99% |
| Greenville 30 Year USDA | 2023-09-14 | 6.88% |
| Greenville 30 Year USDA Refi | 2023-09-14 | 6.98% |
| Greenville 30 Year VA | 2023-09-14 | 6.71% |
| Greenville 30 Year VA Refi | 2023-09-14 | 6.91% |
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.).
Greenville Average Closing Costs & Other Stats
Greenville, MS's 27 lenders originated 552
loans during 2022. The total origination value was $58,590,000, with an average loan value of
$106,141.
Greenville's average closing costs are $4,576.
The top Greenville lender as defined by loan originations is Trustmark National Bank, with
17 loans originated. Their average total fees are
$3,467, which is $1,529
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Greenville lenders (with over 10 loans originated) are
Trustmark National Bank ($3,467), QUICKEN LOANS, LLC ($4,996), .
The lowest rate Greenville lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (4.86%), Trustmark National Bank (5.01%), .
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Planters Bank & Trust Company | $10,905,000 | $11,705,000 | 7.3% | 20.0% |
| QUICKEN LOANS, LLC | $10,065,000 | $5,475,000 | -45.6% | 9.3% |
| Trustmark National Bank | $4,725,000 | $5,355,000 | 13.3% | 9.1% |
| GUARANTY HOME MORTGAGE CORPORATION | $1,625,000 | $4,545,000 | 179.7% | 7.8% |
| Guaranty Bank and Trust Company | $4,130,000 | $4,040,000 | -2.2% | 6.9% |
| Regions Bank | $3,290,000 | $3,055,000 | -7.1% | 5.2% |
| Southern Bancorp Bank | $2,305,000 | $2,180,000 | -5.4% | 3.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,185,000 | $1,860,000 | 57.0% | 3.2% |
| PriorityOne Bank | $4,935,000 | $1,795,000 | -63.6% | 3.1% |
| Community Bank of Mississippi | $1,270,000 | $1,375,000 | 8.3% | 2.3% |
| 21ST MORTGAGE CORPORATION | $1,445,000 | $1,090,000 | -24.6% | 1.9% |
| Origin Bank | $395,000 | $1,085,000 | 174.7% | 1.9% |
| CB&S Bank, Inc. | $1,055,000 | $990,000 | -6.2% | 1.7% |
| Mortgage Research Center, LLC | $1,135,000 | $990,000 | -12.8% | 1.7% |
| BancorpSouth Bank | $810,000 | $925,000 | 14.2% | 1.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $635,000 | $780,000 | 22.8% | 1.3% |
| AMERISAVE MORTGAGE CORPORATION | $910,000 | $620,000 | -31.9% | 1.1% |
| JPMorgan Chase Bank | $145,000 | $530,000 | 265.5% | 0.9% |
| BankPlus | $2,980,000 | $460,000 | -84.6% | 0.8% |
| FREEDOM MORTGAGE CORPORATION | $3,100,000 | $455,000 | -85.3% | 0.8% |
| NAVY FEDERAL CREDIT UNION | $330,000 | $380,000 | 15.2% | 0.6% |
| EMBRACE HOME LOANS, INC. | $370,000 | n/a | 0.6% | |
| HOPE FEDERAL CREDIT UNION | $55,000 | $345,000 | 527.3% | 0.6% |
| LOANDEPOT.COM, LLC | $1,125,000 | $345,000 | -69.3% | 0.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $340,000 | n/a | 0.6% | |
| CHURCHILL MORTGAGE CORPORATION | $195,000 | $305,000 | 56.4% | 0.5% |
| TOWNE MORTGAGE COMPANY | $295,000 | n/a | 0.5% | |
| MORIA DEVELOPMENT, INC. | $290,000 | n/a | 0.5% | |
| Renasant Bank | $245,000 | $280,000 | 14.3% | 0.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $275,000 | n/a | 0.5% | |
| Bank of America | $65,000 | $265,000 | 307.7% | 0.5% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $145,000 | $255,000 | 75.9% | 0.4% |
| SOUTHWEST STAGE FUNDING, LLC | $255,000 | n/a | 0.4% | |
| PHH Mortgage Corporation | $250,000 | n/a | 0.4% | |
| NEWREZ LLC | $400,000 | $245,000 | -38.8% | 0.4% |
| Wells Fargo Bank | $695,000 | $245,000 | -64.7% | 0.4% |
| Magnolia Bank | $5,810,000 | $240,000 | -95.9% | 0.4% |
| ROYAL UNITED MORTGAGE LLC | $120,000 | $240,000 | 100.0% | 0.4% |
| THRIVE MORTGAGE, LLC | $235,000 | n/a | 0.4% | |
| U.S. Bank | $200,000 | $225,000 | 12.5% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $220,000 | n/a | 0.4% | |
| Evolve Bank & Trust | $215,000 | n/a | 0.4% | |
| Nations Lending Corporation | $555,000 | $185,000 | -66.7% | 0.3% |
| CMG MORTGAGE, INC. | $175,000 | n/a | 0.3% | |
| Ally Bank | $75,000 | $165,000 | 120.0% | 0.3% |
| EVERETT FINANCIAL, INC. | $165,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $105,000 | $160,000 | 52.4% | 0.3% |
| RUOFF MORTGAGE COMPANY, INC. | $125,000 | $155,000 | 24.0% | 0.3% |
| The Federal Savings Bank | $155,000 | n/a | 0.3% | |
| AMERICAN FINANCING CORPORATION | $145,000 | n/a | 0.2% | |
| CIS Financial Services, Inc. | $145,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $140,000 | n/a | 0.2% | |
| FIDELITY BANK | $250,000 | $135,000 | -46.0% | 0.2% |
| BROKER SOLUTIONS, INC. | $150,000 | $125,000 | -16.7% | 0.2% |
| NEW DAY FINANCIAL, LLC | $75,000 | $115,000 | 53.3% | 0.2% |
| Pinnacle Bank | $115,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $320,000 | $105,000 | -67.2% | 0.2% |
| FINANCE OF AMERICA MORTGAGE LLC | $105,000 | n/a | 0.2% | |
| United Community Bank | $105,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $95,000 | n/a | 0.2% | |
| The Central Trust Bank | $85,000 | n/a | 0.1% | |
| PENNYMAC LOAN SERVICES, LLC | $75,000 | n/a | 0.1% | |
| RiverHills Bank | $75,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $135,000 | $65,000 | -51.9% | 0.1% |
| CALIBER HOME LOANS, INC. | $635,000 | $65,000 | -89.8% | 0.1% |
| CHARTWAY FEDERAL CREDIT UNION | $65,000 | n/a | 0.1% | |
| Citizens Bank | $75,000 | $65,000 | -13.3% | 0.1% |
| SPRING EQ, LLC | $55,000 | n/a | 0.1% | |
| FirstBank | $130,000 | $45,000 | -65.4% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $150,000 | $45,000 | -70.0% | 0.1% |
| Flagstar Bank, FSB | $240,000 | $35,000 | -85.4% | 0.1% |
Greenville's top lender by overall market share is Planters Bank & Trust Company, with 20.0% market share. In second place, with 9.3%, is QUICKEN LOANS, LLC, having originated $5,475,000 in loans. In third place, with 9.1%, is Trustmark National Bank, having originated $5,355,000 in loans. In fourth place, with 7.8%, is GUARANTY HOME MORTGAGE CORPORATION, having originated $4,545,000 in loans. In fifth place, with 6.9%, is Guaranty Bank and Trust Company, having originated $4,040,000 in loans.
Greenville, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 261 | $31,015,000 | $118,831 |
| Refi | 194 | $16,870,000 | $86,959 |
| Cash Out Refi | 50 | $8,140,000 | $162,800 |
| Other | 24 | $1,110,000 | $46,250 |
| Home Improvement | 23 | $1,455,000 | $63,261 |
Greenville's most frequently cited loan purpose was Home Purchase, with 261 originations. The 2nd most popular reason was Refi, with 194 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 132 | $15,320,000 | $116,061 |
| 4-5% | 106 | $13,030,000 | $122,925 |
| 6-7% | 92 | $9,490,000 | $103,152 |
| 3-4% | 77 | $10,095,000 | $131,104 |
| 7-8% | 62 | $3,900,000 | $62,903 |
| Over 8% | 40 | $2,100,000 | $52,500 |
| 2.5-3% | 25 | $3,675,000 | $147,000 |
| <2.5% | 16 | $920,000 | $57,500 |
During 2022, Greenville's most frequently originated rate bucket was 5-6%, with 132 originations.
Loan Sizing (Greenville, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 311 | $14,605,000 | $46,961 |
| $100k-200k | 171 | $24,115,000 | $141,023 |
| $200k-400k | 64 | $16,530,000 | $258,281 |
| $400k-600k | 5 | $2,255,000 | $451,000 |
| $Over $1MM | 1 | $1,085,000 | $1,085,000 |
Greenville's loan sizing saw the bucket of loans from $100,000 or less with 311 originations, totaling $14,605,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 207 | $29,765,000 | $143,792 |
| 60-80% | 170 | $18,120,000 | $106,588 |
| 40-60% | 74 | $6,380,000 | $86,216 |
| 20-40% | 60 | $2,750,000 | $45,833 |
| Under 20% | 35 | $535,000 | $15,286 |
| Over 100% | 3 | $525,000 | $175,000 |
Greenville's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 207 originations, totaling $29,765,000 in origination value.