Greenwood Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Greenwood averaged
6.86%
for the week of 2025-05-08, compared to the national average of
6.76% for the same period.
The average rate for the prior week (2025-05-01) was
6.86% and
one month ago for the week of 2025-04-03, the
average rate was 6.74%.
Greenwood's average rate one year ago was 7.32%.
For refis of the same type during the week of 2025-05-08, the average rate
was 6.66%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-05-08 | 6.76% |
| Greenwood 30 Year Fixed Rate | 2025-05-08 | 6.86% |
| Greenwood 30 Year Fixed Rate Refi | 2025-05-08 | 6.66% |
| Greenwood 15 Year Fixed Rate | 2025-05-08 | 5.89% |
| Greenwood 15 Year Fixed Rate Refi | 2025-05-08 | 6.49% |
| Greenwood 30 Year FHA | 2025-05-08 | 6.28% |
| Greenwood 30 Year FHA Refi | 2025-05-08 | 6.68% |
| Greenwood 30 Year USDA | 2025-05-08 | 6.37% |
| Greenwood 30 Year USDA Refi | 2025-05-08 | 6.57% |
| Greenwood 30 Year VA | 2025-05-08 | 6.37% |
| Greenwood 30 Year VA Refi | 2025-05-08 | 6.27% |
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.).
Greenwood Average Closing Costs & Other Stats
Greenwood, MS's 25 lenders originated 253
loans during 2024. The total origination value was $33,755,000, with an average loan value of
$133,419.
Greenwood's average closing costs are $4,628.
The top Greenwood lender as defined by loan originations is Trustmark National Bank, with
6 loans originated. Their average total fees are
$5,869, which is $485
lower than the next largest lender,
QUICKEN LOANS, LLC.
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Trustmark National Bank | $1,580,000 | $3,285,000 | 107.9% | 9.7% |
| Guaranty Bank and Trust Company | $7,190,000 | $3,225,000 | -55.1% | 9.6% |
| Planters Bank & Trust Company | $3,990,000 | $2,410,000 | -39.6% | 7.1% |
| QUICKEN LOANS, LLC | $1,170,000 | $1,810,000 | 54.7% | 5.4% |
| Mortgage Research Center, LLC | $840,000 | $1,560,000 | 85.7% | 4.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,535,000 | n/a | 4.5% | |
| BankPlus | $2,070,000 | $1,325,000 | -36.0% | 3.9% |
| PriorityOne Bank | $85,000 | $1,265,000 | 1,388.2% | 3.7% |
| Regions Bank | $1,310,000 | $1,125,000 | -14.1% | 3.3% |
| American Mortgage Bank, LLC | $1,095,000 | n/a | 3.2% | |
| Hancock Whitney Bank | $1,075,000 | n/a | 3.2% | |
| Renasant Bank | $930,000 | $780,000 | -16.1% | 2.3% |
| AmeriHome Mortgage Company, LLC | $690,000 | $760,000 | 10.1% | 2.3% |
| BancorpSouth | $1,095,000 | $750,000 | -31.5% | 2.2% |
| Origin Bank | $235,000 | $685,000 | 191.5% | 2.0% |
| 21ST MORTGAGE CORPORATION | $680,000 | $630,000 | -7.4% | 1.9% |
| The Federal Savings Bank | $600,000 | n/a | 1.8% | |
| Nations Lending Corporation | $335,000 | $555,000 | 65.7% | 1.6% |
| CB&S Bank, Inc. | $1,435,000 | $485,000 | -66.2% | 1.4% |
| SWBC MORTGAGE CORPORATION | $95,000 | $450,000 | 373.7% | 1.3% |
| TRIAD FINANCIAL SERVICES, INC. | $475,000 | $445,000 | -6.3% | 1.3% |
| JPMorgan Chase Bank | $425,000 | n/a | 1.3% | |
| Community Bank of Mississippi | $415,000 | n/a | 1.2% | |
| BankFirst Financial Services | $375,000 | n/a | 1.1% | |
| NAVY FEDERAL CREDIT UNION | $460,000 | $365,000 | -20.7% | 1.1% |
| SOUTHWEST STAGE FUNDING, LLC | $365,000 | n/a | 1.1% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $360,000 | n/a | 1.1% | |
| PHH Mortgage Corporation | $350,000 | n/a | 1.0% | |
| Wells Fargo Bank | $85,000 | $350,000 | 311.8% | 1.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $515,000 | $340,000 | -34.0% | 1.0% |
| CARDINAL FINANCIAL | $215,000 | $320,000 | 48.8% | 0.9% |
| NEW DAY FINANCIAL, LLC | $310,000 | n/a | 0.9% | |
| FIRST COLONY MORTGAGE CORPORATION | $305,000 | n/a | 0.9% | |
| MORTGAGE INVESTORS GROUP, INC. | $85,000 | $295,000 | 247.1% | 0.9% |
| AMERICAN FINANCIAL RESOURCES, INC. | $275,000 | n/a | 0.8% | |
| T2 FINANCIAL LLC | $235,000 | n/a | 0.7% | |
| MICHIGAN MUTUAL, INC. | $635,000 | $215,000 | -66.1% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $265,000 | $215,000 | -18.9% | 0.6% |
| Farmers Bank & Trust | $195,000 | n/a | 0.6% | |
| FREEDOM MORTGAGE CORPORATION | $185,000 | n/a | 0.5% | |
| CALCON MUTUAL MORTGAGE LLC | $175,000 | n/a | 0.5% | |
| Evolve Bank & Trust | $175,000 | n/a | 0.5% | |
| COMMUNITY MORTGAGE CORPORATION | $300,000 | $145,000 | -51.7% | 0.4% |
| RESOURCE FINANCIAL SERVICES, INC. | $145,000 | n/a | 0.4% | |
| FirstBank | $130,000 | n/a | 0.4% | |
| HOPE FEDERAL CREDIT UNION | $130,000 | n/a | 0.4% | |
| Barrington Bank & Trust Company, N.A. | $125,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $260,000 | $115,000 | -55.8% | 0.3% |
| Magnolia Bank | $310,000 | $115,000 | -62.9% | 0.3% |
| STOCKTON MORTGAGE CORPORATION | $75,000 | $115,000 | 53.3% | 0.3% |
| Citizens Bank | $95,000 | n/a | 0.3% | |
| Discover Bank | $95,000 | n/a | 0.3% | |
| CIS Financial Services, Inc. | $85,000 | n/a | 0.3% | |
| Southern Bancorp Bank | $670,000 | $85,000 | -87.3% | 0.3% |
| NEWREZ LLC | $80,000 | n/a | 0.2% | |
| Coastal Community Bank | $25,000 | $35,000 | 40.0% | 0.1% |
| S1L, Inc. | $25,000 | n/a | 0.1% |
Greenwood's top lender by overall market share is Trustmark National Bank, with 9.7% market share. In second place, with 9.6%, is Guaranty Bank and Trust Company, having originated $3,225,000 in loans. In third place, with 7.1%, is Planters Bank & Trust Company, having originated $2,410,000 in loans. In fourth place, with 5.4%, is QUICKEN LOANS, LLC, having originated $1,810,000 in loans. In fifth place, with 4.6%, is Mortgage Research Center, LLC, having originated $1,560,000 in loans.
Greenwood, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 157 | $24,445,000 | $155,701 |
| Refi | 44 | $4,320,000 | $98,182 |
| Other | 19 | $1,515,000 | $79,737 |
| Home Improvement | 18 | $1,240,000 | $68,889 |
| Cash Out Refi | 15 | $2,235,000 | $149,000 |
Greenwood's most frequently cited loan purpose was Home Purchase, with 157 originations. The 2nd most popular reason was Refi, with 44 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 72 | $6,430,000 | $89,306 |
| 6-7% | 71 | $11,885,000 | $167,394 |
| 7-8% | 50 | $7,250,000 | $145,000 |
| 5-6% | 22 | $4,280,000 | $194,545 |
| <2.5% | 8 | $90,000 | $11,250 |
| 4-5% | 1 | $65,000 | $65,000 |
During 2024, Greenwood's most frequently originated rate bucket was Over 8%, with 72 originations.
Loan Sizing (Greenwood, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 109 | $5,355,000 | $49,128 |
| $100k-200k | 101 | $14,495,000 | $143,515 |
| $200k-400k | 35 | $9,595,000 | $274,143 |
| $400k-600k | 6 | $2,630,000 | $438,333 |
| $600k-1000k | 1 | $605,000 | $605,000 |
| $Over $1MM | 1 | $1,075,000 | $1,075,000 |
Greenwood's loan sizing saw the bucket of loans from $100,000 or less with 109 originations, totaling $5,355,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 106 | $17,820,000 | $168,113 |
| 60-80% | 41 | $6,605,000 | $161,098 |
| Under 20% | 25 | $755,000 | $30,200 |
| 20-40% | 23 | $1,395,000 | $60,652 |
| 40-60% | 22 | $2,380,000 | $108,182 |
| Over 100% | 1 | $275,000 | $275,000 |
Greenwood's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 106 originations, totaling $17,820,000 in origination value.