Greenwood Mortgage Rates & Closing Costs

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

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Greenwood, MS.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Trustmark National Bank 6 6.94% $5,869
QUICKEN LOANS, LLC 3 6.95% $6,354
Regions Bank 3 7.38% $3,431
BancorpSouth 2 7.25% $4,575
NAVY FEDERAL CREDIT UNION 2 7.94% $3,392
Wells Fargo Bank 2 7.13% $6,172
FIRST COLONY MORTGAGE CORPORATION 1 6.38% $3,596
Flagstar Bank, FSB 1 7.63% $2,556
HOPE FEDERAL CREDIT UNION 1 7.00% $4,348
JPMorgan Chase Bank 1 6.00% $11,956
Magnolia Bank 1 6.63% $3,195
American Mortgage Bank, LLC 1 5.99% $3,746
Mr. Cooper ( Nationstar Mortgage ) 1 7.38% $5,282
PHH Mortgage Corporation 1 6.63% $3,445
Renasant Bank 1 6.88% $6,510
RESOURCE FINANCIAL SERVICES, INC. 1 6.63% $3,620
T2 FINANCIAL LLC 1 7.25% $9,819
The Federal Savings Bank 1 7.25% $11,368
UNITED WHOLESALE MORTGAGE, LLC 1 7.63% $3,585
Mortgage Research Center, LLC 1 6.63% $5,447
AmeriHome Mortgage Company, LLC 1 7.50% $4,322
BankPlus 1 6.88% $3,231
COMMUNITY MORTGAGE CORPORATION 1 6.99% $4,788
CROSSCOUNTRY MORTGAGE, LLC 1 9.88% $18,172
Farmers Bank & Trust 1 6.63% $3,895

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.