Greenwood Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Greenwood averaged
6.6%
for the week of 2024-12-12, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2024-12-05) was
6.59% and
one month ago for the week of 2024-11-07, the
average rate was 6.89%.
Greenwood's average rate one year ago was 6.93%.
For refis of the same type during the week of 2024-12-12, the average rate
was 6.8%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Greenwood 30 Year Fixed Rate | 2024-12-12 | 6.6% |
Greenwood 30 Year Fixed Rate Refi | 2024-12-12 | 6.8% |
Greenwood 15 Year Fixed Rate | 2024-12-12 | 5.94% |
Greenwood 15 Year Fixed Rate Refi | 2024-12-12 | 6.44% |
Greenwood 30 Year FHA | 2024-12-12 | 6.08% |
Greenwood 30 Year FHA Refi | 2024-12-12 | 6.38% |
Greenwood 30 Year USDA | 2024-12-12 | 6.2% |
Greenwood 30 Year USDA Refi | 2024-12-12 | 6.5% |
Greenwood 30 Year VA | 2024-12-12 | 6.18% |
Greenwood 30 Year VA Refi | 2024-12-12 | 5.98% |
Greenwood 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 Greenwood, 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 |
---|---|---|---|
BancorpSouth | 4 | 6.47% | $4,267 |
Regions Bank | 3 | 6.79% | $3,690 |
Trustmark National Bank | 3 | 6.83% | $3,581 |
QUICKEN LOANS, LLC | 3 | 6.62% | $6,954 |
AmeriHome Mortgage Company, LLC | 2 | 7.00% | $3,231 |
CB&S Bank, Inc. | 1 | 6.75% | $4,042 |
CORNERSTONE HOME LENDING, INC. | 1 | 7.50% | $3,316 |
Deere Employees Credit Union | 1 | 6.63% | $3,896 |
EUSTIS AND AMERICAN MORTGAGE COMPANY | 1 | 6.99% | $4,166 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.63% | $4,982 |
Magnolia Bank | 1 | 7.00% | $5,331 |
MORTGAGE INVESTORS GROUP, INC. | 1 | 6.38% | $3,789 |
Mortgage Research Center, LLC | 1 | 7.63% | $2,573 |
OPEN MORTGAGE, LLC | 1 | 7.99% | $3,078 |
PENNYMAC LOAN SERVICES, LLC | 1 | 7.62% | $8,274 |
UNION HOME MORTGAGE CORP. | 1 | 7.25% | $6,414 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.00% | $8,032 |
ZILLOW HOME LOANS, LLC | 1 | 7.13% | $4,447 |
AMERISAVE MORTGAGE CORPORATION | 1 | 6.88% | $5,341 |
Bank of America | 1 | 7.38% | $3,531 |
Bank of England | 1 | 7.50% | $5,976 |
BankPlus | 1 | 6.50% | $2,900 |
Greenwood Average Closing Costs & Other Stats
Greenwood, MS's 22 lenders originated 259
loans during 2023. The total origination value was $37,115,000, with an average loan value of
$143,301.
Greenwood's average closing costs are $4,427.
The top Greenwood lender as defined by loan originations is BancorpSouth, with
4 loans originated. Their average total fees are
$4,267, which is $577
higher than the next largest lender,
Regions Bank.
The lowest fee Greenwood lenders (with over 10 loans originated) are
.
The lowest rate Greenwood lenders (with over 10 loans originated) are
.
Greenwood, 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 |
---|---|---|---|---|
Guaranty Bank and Trust Company | $1,100,000 | $7,190,000 | 553.6% | 19.4% |
Planters Bank & Trust Company | $4,305,000 | $3,990,000 | -7.3% | 10.8% |
Southern Bank | $3,475,000 | n/a | 9.4% | |
BankPlus | $3,420,000 | $2,070,000 | -39.5% | 5.6% |
Trustmark National Bank | $4,265,000 | $1,580,000 | -63.0% | 4.3% |
CB&S Bank, Inc. | $760,000 | $1,435,000 | 88.8% | 3.9% |
Regions Bank | $2,375,000 | $1,310,000 | -44.8% | 3.5% |
QUICKEN LOANS, LLC | $2,785,000 | $1,170,000 | -58.0% | 3.2% |
BancorpSouth | $1,095,000 | $1,095,000 | 0.0% | 3.0% |
Renasant Bank | $2,635,000 | $930,000 | -64.7% | 2.5% |
Mortgage Research Center, LLC | $1,025,000 | $840,000 | -18.0% | 2.3% |
GMFS LLC | $4,065,000 | $705,000 | -82.7% | 1.9% |
AmeriHome Mortgage Company, LLC | $865,000 | $690,000 | -20.2% | 1.9% |
21ST MORTGAGE CORPORATION | $460,000 | $680,000 | 47.8% | 1.8% |
Southern Bancorp Bank | $135,000 | $670,000 | 396.3% | 1.8% |
MICHIGAN MUTUAL, INC. | $710,000 | $635,000 | -10.6% | 1.7% |
UNITED WHOLESALE MORTGAGE, LLC | $1,555,000 | $515,000 | -66.9% | 1.4% |
TRIAD FINANCIAL SERVICES, INC. | $475,000 | n/a | 1.3% | |
NAVY FEDERAL CREDIT UNION | $460,000 | n/a | 1.2% | |
UNION HOME MORTGAGE CORP. | $125,000 | $430,000 | 244.0% | 1.2% |
The First, A National Banking Association | $360,000 | n/a | 1.0% | |
Nations Lending Corporation | $335,000 | n/a | 0.9% | |
Magnolia Bank | $310,000 | n/a | 0.8% | |
ACADEMY MORTGAGE CORPORATION | $305,000 | n/a | 0.8% | |
COMMUNITY MORTGAGE CORPORATION | $300,000 | n/a | 0.8% | |
Deere Employees Credit Union | $300,000 | n/a | 0.8% | |
Mr. Cooper ( Nationstar Mortgage ) | $485,000 | $265,000 | -45.4% | 0.7% |
AMERISAVE MORTGAGE CORPORATION | $685,000 | $260,000 | -62.0% | 0.7% |
Flagstar Bank, FSB | $375,000 | $260,000 | -30.7% | 0.7% |
LOANDEPOT.COM, LLC | $410,000 | $250,000 | -39.0% | 0.7% |
Bank of England | $240,000 | n/a | 0.6% | |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $125,000 | $240,000 | 92.0% | 0.6% |
Mid-Continent Funding, Inc. | $235,000 | n/a | 0.6% | |
Origin Bank | $585,000 | $235,000 | -59.8% | 0.6% |
Paragon Bank | $225,000 | n/a | 0.6% | |
CARDINAL FINANCIAL | $155,000 | $215,000 | 38.7% | 0.6% |
OPEN MORTGAGE, LLC | $135,000 | $215,000 | 59.3% | 0.6% |
PENNYMAC LOAN SERVICES, LLC | $280,000 | $205,000 | -26.8% | 0.6% |
CSL Financial, LLC | $165,000 | n/a | 0.4% | |
Bank of America | $45,000 | $155,000 | 244.4% | 0.4% |
ZILLOW HOME LOANS, LLC | $155,000 | n/a | 0.4% | |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $145,000 | n/a | 0.4% | |
Truist | $145,000 | n/a | 0.4% | |
BROKER SOLUTIONS, INC. | $140,000 | n/a | 0.4% | |
Liberty Bank and Trust Company | $115,000 | n/a | 0.3% | |
SWBC MORTGAGE CORPORATION | $95,000 | n/a | 0.3% | |
MORTGAGE INVESTORS GROUP, INC. | $505,000 | $85,000 | -83.2% | 0.2% |
PriorityOne Bank | $885,000 | $85,000 | -90.4% | 0.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $85,000 | n/a | 0.2% | |
Wells Fargo Bank | $125,000 | $85,000 | -32.0% | 0.2% |
STOCKTON MORTGAGE CORPORATION | $75,000 | n/a | 0.2% | |
CORNERSTONE HOME LENDING, INC. | $65,000 | n/a | 0.2% | |
The Citizens Bank of Philadelphia, Mississippi | $45,000 | n/a | 0.1% | |
b1BANK | $35,000 | n/a | 0.1% | |
Coastal Community Bank | $25,000 | n/a | 0.1% | |
First Citizens National Bank | $15,000 | n/a | 0.0% |
Greenwood's top lender by overall market share is Guaranty Bank and Trust Company, with 19.4% market share. In second place, with 10.8%, is Planters Bank & Trust Company, having originated $3,990,000 in loans. In third place, with 9.4%, is Southern Bank, having originated $3,475,000 in loans. In fourth place, with 5.6%, is BankPlus, having originated $2,070,000 in loans. In fifth place, with 4.3%, is Trustmark National Bank, having originated $1,580,000 in loans.
Greenwood Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Greenwood (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 | $104,775 (-2.4%) | $159,245 (1.4%) | 0.00 | 127 |
2018-02-01 | $99,750 (-0.2%) | $154,067 (3.9%) | 0.00 | 130 |
2018-03-01 | $99,500 (-0.4%) | $157,693 (7.6%) | 0.00 | 133 |
2018-04-01 | $104,775 (3.7%) | $153,737 (0.3%) | 0.00 | 142 |
2018-05-01 | $112,000 (11.7%) | $151,979 (-2.1%) | 0.00 | 142 |
2018-06-01 | $120,350 (25.2%) | $153,254 (2.2%) | 0.00 | 138 |
2018-07-01 | $116,500 (20.7%) | $149,317 (-4.2%) | 0.00 | 141 |
2018-08-01 | $114,000 (17.5%) | $149,159 (-4.5%) | 0.00 | 150 |
2018-09-01 | $116,000 (22.1%) | $151,771 (-3.4%) | 0.00 | 142 |
2018-10-01 | $119,495 (17.3%) | $140,079 (-13.9%) | 0.00 | 139 |
2018-11-01 | $119,248 (10.9%) | $137,800 (-12.8%) | 0.00 | 137 |
2018-12-01 | $119,000 (19.0%) | $138,020 (-11.6%) | 0.00 | 118 |
2019-01-01 | $120,423 (14.9%) | $139,916 (-12.1%) | 0.00 | 116 |
2019-02-01 | $118,998 (19.3%) | $151,940 (-1.4%) | 0.00 | 109 |
2019-03-01 | $117,593 (18.2%) | $160,458 (1.8%) | 0.00 | 114 |
2019-04-01 | $111,375 (6.3%) | $161,139 (4.8%) | 0.00 | 119 |
2019-05-01 | $119,000 (6.3%) | $172,203 (13.3%) | 0.00 | 127 |
2019-06-01 | $114,900 (-4.5%) | $154,347 (0.7%) | 0.00 | 139 |
2019-07-01 | $117,750 (1.1%) | $155,600 (4.2%) | 0.00 | 131 |
2019-08-01 | $118,273 (3.8%) | $162,008 (8.6%) | 0.00 | 129 |
2019-09-01 | $127,682 (10.1%) | $171,557 (13.0%) | 0.00 | 127 |
2019-10-01 | $135,000 (13.0%) | $178,975 (27.8%) | 0.00 | 125 |
2019-11-01 | $135,000 (13.2%) | $196,418 (42.5%) | 0.00 | 131 |
2019-12-01 | $132,750 (11.6%) | $195,478 (41.6%) | 0.00 | 132 |
2020-01-01 | $136,000 (12.9%) | $203,711 (45.6%) | 0.00 | 124 |
2020-02-01 | $139,950 (17.6%) | $212,950 (40.2%) | 0.00 | 131 |
2020-03-01 | $133,500 (13.5%) | $208,700 (30.1%) | 0.00 | 126 |
2020-04-01 | $131,250 (17.9%) | $210,154 (30.4%) | 0.00 | 124 |
2020-05-01 | $129,500 (8.8%) | $164,129 (-4.7%) | 0.00 | 120 |
2020-06-01 | $129,375 (12.6%) | $167,344 (8.4%) | 0.00 | 113 |
2020-07-01 | $140,000 (18.9%) | $175,047 (12.5%) | 0.00 | 105 |
2020-08-01 | $145,000 (22.6%) | $186,406 (15.1%) | 0.00 | 98 |
2020-09-01 | $148,000 (15.9%) | $196,538 (14.6%) | 0.00 | 91 |
2020-10-01 | $147,450 (9.2%) | $207,831 (16.1%) | 0.00 | 78 |
2020-11-01 | $165,250 (22.4%) | $224,340 (14.2%) | 0.00 | 70 |
2020-12-01 | $161,750 (21.9%) | $224,040 (14.6%) | 0.00 | 64 |
2021-01-01 | $142,500 (4.8%) | $223,418 (9.7%) | 0.00 | 63 |
2021-02-01 | $143,750 (2.7%) | $234,337 (10.0%) | 0.00 | 66 |
2021-03-01 | $142,375 (6.7%) | $222,140 (6.4%) | 0.00 | 68 |
2021-04-01 | $146,250 (11.4%) | $233,685 (11.2%) | 0.00 | 61 |
2021-05-01 | $126,000 (-2.7%) | $236,108 (43.9%) | 0.00 | 47 |
2021-06-01 | $135,000 (4.4%) | $213,158 (27.4%) | 0.00 | 39 |
2021-07-01 | $135,000 (-3.6%) | $199,995 (14.3%) | 0.00 | 41 |
2021-08-01 | $122,750 (-15.3%) | $203,170 (9.0%) | 0.00 | 41 |
2021-09-01 | $110,750 (-25.2%) | $166,436 (-15.3%) | 0.00 | 46 |
2021-10-01 | $112,750 (-23.5%) | $155,685 (-25.1%) | 0.00 | 51 |
2021-11-01 | $100,000 (-39.5%) | $138,137 (-38.4%) | 0.00 | 48 |
2021-12-01 | $107,000 (-33.9%) | $136,776 (-39.0%) | 0.00 | 45 |
2022-01-01 | $107,000 (-24.9%) | $152,754 (-31.6%) | 0.00 | 39 |
2022-02-01 | $118,000 (-17.9%) | $164,622 (-29.8%) | 0.00 | 41 |
2022-03-01 | $119,000 (-16.4%) | $173,196 (-22.0%) | 0.00 | 41 |
2022-04-01 | $125,000 (-14.5%) | $169,587 (-27.4%) | 0.00 | 43 |
2022-05-01 | $110,625 (-12.2%) | $152,478 (-35.4%) | 0.00 | 44 |
2022-06-01 | $112,500 (-16.7%) | $154,390 (-27.6%) | 0.00 | 40 |
2022-07-01 | $117,000 (-13.3%) | $155,882 (-22.1%) | 0.00 | 42 |
2022-08-01 | $115,000 (-6.3%) | $144,113 (-29.1%) | 0.00 | 42 |
2022-09-01 | $116,750 (5.4%) | $140,750 (-15.4%) | 0.00 | 38 |
2022-10-01 | $117,250 (4.0%) | $156,983 (0.8%) | 0.00 | 43 |
2022-11-01 | $138,375 (38.4%) | $179,965 (30.3%) | 0.00 | 57 |
2022-12-01 | $139,500 (30.4%) | $196,783 (43.9%) | 0.00 | 58 |
2023-01-01 | $143,750 (34.4%) | $188,710 (23.5%) | 0.00 | 63 |
2023-02-01 | $155,000 (31.4%) | $180,699 (9.8%) | 0.00 | 61 |
2023-03-01 | $170,250 (43.1%) | $184,107 (6.3%) | 0.00 | 68 |
2023-04-01 | $165,500 (32.4%) | $178,656 (5.4%) | 0.00 | 70 |
2023-05-01 | $165,000 (49.2%) | $174,972 (14.8%) | 0.00 | 70 |
2023-06-01 | $152,950 (36.0%) | $171,855 (11.3%) | 0.00 | 64 |
2023-07-01 | $155,900 (33.3%) | $178,367 (14.4%) | 0.00 | 60 |
2023-08-01 | $152,250 (32.4%) | $180,632 (25.3%) | 0.00 | 56 |
2023-09-01 | $149,500 (28.1%) | $175,816 (24.9%) | 0.00 | 62 |
2023-10-01 | $150,750 (28.6%) | $182,621 (16.3%) | 0.00 | 64 |
2023-11-01 | $153,000 (10.6%) | $186,082 (3.4%) | 0.00 | 64 |
2023-12-01 | $159,000 (14.0%) | $186,838 (-5.1%) | 0.00 | 61 |
2024-01-01 | $149,775 (4.2%) | $179,777 (-4.7%) | 0.00 | 59 |
2024-02-01 | $143,500 (-7.4%) | $176,041 (-2.6%) | 0.00 | 57 |
2024-03-01 | $152,450 (-10.5%) | $193,740 (5.2%) | 0.00 | 58 |
2024-04-01 | $157,000 (-5.1%) | $201,400 (12.7%) | 0.00 | 59 |
2024-05-01 | $160,500 (-2.7%) | $197,064 (12.6%) | 0.00 | 63 |
2024-06-01 | $184,000 (20.3%) | $205,819 (19.8%) | 0.00 | 58 |
2024-07-01 | $167,500 (7.4%) | $206,341 (15.7%) | 0.00 | 70 |
2024-08-01 | $188,000 (23.5%) | $227,309 (25.8%) | 0.00 | 74 |
2024-09-01 | $172,813 (15.6%) | $225,760 (28.4%) | 0.00 | 76 |
2024-10-01 | $163,125 (8.2%) | $227,379 (24.5%) | 0.00 | 70 |
2024-11-01 | $167,250 (9.3%) | $221,496 (19.0%) | 0.00 | 77 |
Greenwood's median listing price comes in at 0% of the national average.
Greenwood's average listing price for 2024-11-01 was $221,496, a difference of $35,414 (19.0%) versus the prior year and $-5,883 versus the prior month.
For the 2024-11-01 period, Greenwood had 77 MLS listings, a difference of 7 listings (10%) versus the prior month and 13 listings (20%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Greenwood (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,860 sqft |
2018-02-01 | 0 days | 1,831 sqft |
2018-03-01 | 0 days | 1,840 sqft |
2018-04-01 | 0 days | 1,840 sqft |
2018-05-01 | 0 days | 1,839 sqft |
2018-06-01 | 0 days | 1,839 sqft |
2018-07-01 | 0 days | 1,859 sqft |
2018-08-01 | 0 days | 1,858 sqft |
2018-09-01 | 0 days | 1,810 sqft |
2018-10-01 | 0 days | 1,844 sqft |
2018-11-01 | 0 days | 1,882 sqft |
2018-12-01 | 0 days | 1,968 sqft |
2019-01-01 | 0 days | 1,978 sqft |
2019-02-01 | 0 days | 1,964 sqft |
2019-03-01 | 0 days | 1,925 sqft |
2019-04-01 | 0 days | 1,831 sqft |
2019-05-01 | 0 days | 1,924 sqft |
2019-06-01 | 0 days | 1,756 sqft |
2019-07-01 | 0 days | 1,737 sqft |
2019-08-01 | 0 days | 1,778 sqft |
2019-09-01 | 0 days | 1,849 sqft |
2019-10-01 | 0 days | 1,911 sqft |
2019-11-01 | 0 days | 1,911 sqft |
2019-12-01 | 0 days | 1,907 sqft |
2020-01-01 | 0 days | 1,959 sqft |
2020-02-01 | 0 days | 2,035 sqft |
2020-03-01 | 0 days | 2,026 sqft |
2020-04-01 | 0 days | 2,077 sqft |
2020-05-01 | 0 days | 2,084 sqft |
2020-06-01 | 0 days | 2,000 sqft |
2020-07-01 | 0 days | 2,047 sqft |
2020-08-01 | 0 days | 2,051 sqft |
2020-09-01 | 0 days | 2,121 sqft |
2020-10-01 | 0 days | 2,011 sqft |
2020-11-01 | 0 days | 2,175 sqft |
2020-12-01 | 0 days | 2,168 sqft |
2021-01-01 | 0 days | 2,149 sqft |
2021-02-01 | 0 days | 2,094 sqft |
2021-03-01 | 0 days | 2,030 sqft |
2021-04-01 | 0 days | 2,051 sqft |
2021-05-01 | 0 days | 2,052 sqft |
2021-06-01 | 0 days | 1,933 sqft |
2021-07-01 | 0 days | 1,913 sqft |
2021-08-01 | 0 days | 1,774 sqft |
2021-09-01 | 0 days | 1,719 sqft |
2021-10-01 | 0 days | 1,674 sqft |
2021-11-01 | 0 days | 1,733 sqft |
2021-12-01 | 0 days | 1,732 sqft |
2022-01-01 | 0 days | 1,767 sqft |
2022-02-01 | 0 days | 1,757 sqft |
2022-03-01 | 0 days | 1,791 sqft |
2022-04-01 | 0 days | 1,622 sqft |
2022-05-01 | 0 days | 1,610 sqft |
2022-06-01 | 0 days | 1,723 sqft |
2022-07-01 | 0 days | 1,680 sqft |
2022-08-01 | 0 days | 1,603 sqft |
2022-09-01 | 0 days | 1,558 sqft |
2022-10-01 | 0 days | 1,611 sqft |
2022-11-01 | 0 days | 1,728 sqft |
2022-12-01 | 0 days | 1,718 sqft |
2023-01-01 | 0 days | 1,731 sqft |
2023-02-01 | 0 days | 1,771 sqft |
2023-03-01 | 0 days | 1,830 sqft |
2023-04-01 | 0 days | 1,784 sqft |
2023-05-01 | 0 days | 1,798 sqft |
2023-06-01 | 0 days | 1,848 sqft |
2023-07-01 | 0 days | 1,848 sqft |
2023-08-01 | 0 days | 1,847 sqft |
2023-09-01 | 0 days | 1,748 sqft |
2023-10-01 | 0 days | 1,770 sqft |
2023-11-01 | 0 days | 1,821 sqft |
2023-12-01 | 0 days | 1,912 sqft |
2024-01-01 | 0 days | 1,777 sqft |
2024-02-01 | 0 days | 1,735 sqft |
2024-03-01 | 0 days | 1,797 sqft |
2024-04-01 | 0 days | 1,736 sqft |
2024-05-01 | 0 days | 1,768 sqft |
2024-06-01 | 0 days | 1,813 sqft |
2024-07-01 | 0 days | 1,827 sqft |
2024-08-01 | 0 days | 2,069 sqft |
2024-09-01 | 0 days | 1,870 sqft |
2024-10-01 | 0 days | 1,801 sqft |
2024-11-01 | 0 days | 1,802 sqft |
Greenwood's median square footage for active listings during the 2024-11-01 period was 1,802 sqft. One year prior, the average listing was 1,821 sqft.
Greenwood, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 143 | $27,305,000 | $190,944 |
Refi | 75 | $6,605,000 | $88,067 |
Other | 18 | $800,000 | $44,444 |
Home Improvement | 13 | $865,000 | $66,538 |
Cash Out Refi | 10 | $1,540,000 | $154,000 |
Greenwood's most frequently cited loan purpose was Home Purchase, with 143 originations. The 2nd most popular reason was Refi, with 75 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
Over 8% | 82 | $6,760,000 | $82,439 |
6-7% | 65 | $11,655,000 | $179,308 |
7-8% | 50 | $6,760,000 | $135,200 |
5-6% | 20 | $2,920,000 | $146,000 |
<2.5% | 13 | $285,000 | $21,923 |
4-5% | 1 | $205,000 | $205,000 |
3-4% | 1 | $85,000 | $85,000 |
During 2023, Greenwood's most frequently originated rate bucket was Over 8%, with 82 originations.
Loan Sizing (Greenwood, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 130 | $6,340,000 | $48,769 |
$100k-200k | 95 | $13,245,000 | $139,421 |
$200k-400k | 30 | $7,840,000 | $261,333 |
$400k-600k | 2 | $1,110,000 | $555,000 |
$Over $1MM | 2 | $8,580,000 | $4,290,000 |
Greenwood's loan sizing saw the bucket of loans from $100,000 or less with 130 originations, totaling $6,340,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 100 | $18,070,000 | $180,700 |
60-80% | 51 | $5,855,000 | $114,804 |
20-40% | 25 | $1,325,000 | $53,000 |
Under 20% | 25 | $565,000 | $22,600 |
40-60% | 24 | $1,920,000 | $80,000 |
Over 100% | 5 | $765,000 | $153,000 |
Greenwood's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 100 originations, totaling $18,070,000 in origination value.