Greenville Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.