Greenville Mortgage Rates & Closing Costs

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

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%
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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Trustmark National Bank 17 5.01% $3,467
QUICKEN LOANS, LLC 10 4.86% $4,996
Regions Bank 9 5.31% $5,169
GUARANTY HOME MORTGAGE CORPORATION 8 4.28% $5,121
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 5.44% $3,974
BancorpSouth 3 3.92% $4,489
Wells Fargo Bank 2 3.88% $3,469
JPMorgan Chase Bank 2 5.56% $500
Mr. Cooper ( Nationstar Mortgage ) 2 5.81% $12,123
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 4.37% $4,374
EMBRACE HOME LOANS, INC. 1 5.99% $6,124
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 8.88% $12,088
HOPE FEDERAL CREDIT UNION 1 4.25% $4,171
THRIVE MORTGAGE, LLC 1 4.50% $4,285
LOANDEPOT.COM, LLC 1 5.13% $3,332
MORIA DEVELOPMENT, INC. 1 5.63% $2,623
Mortgage Research Center, LLC 1 6.13% $2,772
Bank of America 1 4.75% $4,115
NAVY FEDERAL CREDIT UNION 1 6.50% $2,572
AMERICAN FINANCING CORPORATION 1 4.99% $5,668
CB&S Bank, Inc. 1 5.13% $2,991
BankPlus 1 7.00% $2,991
RiverHills Bank 1 3.38% $3,107
The Central Trust Bank 1 4.88% $4,163
Evolve Bank & Trust 1 5.50% $3,760
FIDELITY BANK 1 6.38% $3,120
FREEDOM MORTGAGE CORPORATION 1 3.13% $5,225

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.