Grenada Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Grenada averaged 6.32% for the week of 2024-10-03, compared to the national average of 6.12% for the same period.

The average rate for the prior week (2024-09-26) was 6.18% and one month ago for the week of 2024-08-29, the average rate was 6.25%.

Grenada's average rate one year ago was 7.21%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.02%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Grenada 30 Year Fixed Rate 2024-10-03 6.32%
Grenada 30 Year Fixed Rate Refi 2024-10-03 6.02%
Grenada 15 Year Fixed Rate 2024-10-03 5.45%
Grenada 15 Year Fixed Rate Refi 2024-10-03 5.85%
Grenada 30 Year FHA 2024-10-03 5.89%
Grenada 30 Year FHA Refi 2024-10-03 5.69%
Grenada 30 Year USDA 2024-10-03 5.87%
Grenada 30 Year USDA Refi 2024-10-03 6.07%
Grenada 30 Year VA 2024-10-03 5.8%
Grenada 30 Year VA Refi 2024-10-03 5.5%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Grenada, MS.

Grenada 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 Grenada, 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
Renasant Bank 9 6.96% $4,349
Regions Bank 6 6.69% $7,762
BancorpSouth 5 6.95% $3,290
QUICKEN LOANS, LLC 4 6.93% $5,029
JPMorgan Chase Bank 2 6.06% $1,778
BankPlus 2 6.75% $2,181
21ST MORTGAGE CORPORATION 2 7.63% $5,831
Southwest Airlines Federal Credit Union 1 6.75% $9,362
Trustmark National Bank 1 7.50% $3,039
BNC National Bank 1 5.88% $3,814
CORNERSTONE HOME LENDING, INC. 1 7.63% $6,469
Flagstar Bank, FSB 1 6.63% $4,974
LOANDEPOT.COM, LLC 1 6.99% $7,105
Magnolia Bank 1 7.13% $3,901
Nations Lending Corporation 1 7.63% $5,778

Grenada Average Closing Costs & Other Stats

Grenada, MS's 15 lenders originated 288 loans during 2023. The total origination value was $38,320,000, with an average loan value of $133,056.

Grenada's average closing costs are $4,241.

The top Grenada lender as defined by loan originations is Renasant Bank, with 9 loans originated. Their average total fees are $4,349, which is $3,413 lower than the next largest lender, Regions Bank.

The lowest fee Grenada lenders (with over 10 loans originated) are .

The lowest rate Grenada lenders (with over 10 loans originated) are .

Grenada, 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 $2,460,000 $7,370,000 199.6% 19.2%
Renasant Bank $9,690,000 $5,990,000 -38.2% 15.6%
Regions Bank $4,915,000 $4,810,000 -2.1% 12.6%
BankPlus $5,380,000 $4,050,000 -24.7% 10.6%
BancorpSouth $7,090,000 $2,175,000 -69.3% 5.7%
QUICKEN LOANS, LLC $2,140,000 $1,980,000 -7.5% 5.2%
Mortgage Research Center, LLC $1,200,000 $945,000 -21.3% 2.5%
Flagstar Bank, FSB $3,805,000 $880,000 -76.9% 2.3%
TRIAD FINANCIAL SERVICES, INC. $795,000 $860,000 8.2% 2.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $245,000 $725,000 195.9% 1.9%
21ST MORTGAGE CORPORATION $535,000 $595,000 11.2% 1.6%
Southwest Airlines Federal Credit Union $505,000 n/a 1.3%
AMERISAVE MORTGAGE CORPORATION $350,000 $460,000 31.4% 1.2%
JPMorgan Chase Bank $430,000 n/a 1.1%
Mr. Cooper ( Nationstar Mortgage ) $330,000 $420,000 27.3% 1.1%
Guaranty Bank & Trust Company of Delhi, Louisiana $395,000 n/a 1.0%
CORNERSTONE HOME LENDING, INC. $195,000 $370,000 89.7% 1.0%
SOUTHWEST STAGE FUNDING, LLC $370,000 n/a 1.0%
LOANDEPOT.COM, LLC $760,000 $360,000 -52.6% 0.9%
Nations Lending Corporation $1,300,000 $360,000 -72.3% 0.9%
BNC National Bank $305,000 n/a 0.8%
PENNYMAC LOAN SERVICES, LLC $255,000 $255,000 0.0% 0.7%
UNITED WHOLESALE MORTGAGE, LLC $155,000 $225,000 45.2% 0.6%
ACADEMY MORTGAGE CORPORATION $1,080,000 $220,000 -79.6% 0.6%
FirstTrust Home Loans, Inc. $185,000 $220,000 18.9% 0.6%
Eagle Bank and Trust Company $435,000 $205,000 -52.9% 0.5%
FREEDOM MORTGAGE CORPORATION $205,000 n/a 0.5%
SWBC MORTGAGE CORPORATION $200,000 n/a 0.5%
CARDINAL FINANCIAL $195,000 n/a 0.5%
AmeriHome Mortgage Company, LLC $185,000 n/a 0.5%
USAA Federal Savings Bank $250,000 $185,000 -26.0% 0.5%
Trustmark National Bank $230,000 $175,000 -23.9% 0.5%
CB&S Bank, Inc. $390,000 $155,000 -60.3% 0.4%
Citizens Bank $155,000 n/a 0.4%
LIBERTY HOME MORTGAGE CORPORATION $155,000 n/a 0.4%
CREDIT UNION MORTGAGE ASSOCIATION, INC. $145,000 n/a 0.4%
Community Bank of Mississippi $25,000 $135,000 440.0% 0.4%
First Security Bank $135,000 n/a 0.4%
Magnolia Bank $135,000 n/a 0.4%
Southern Bancorp Bank $115,000 n/a 0.3%
UNION HOME MORTGAGE CORP. $105,000 n/a 0.3%
KEESLER $85,000 n/a 0.2%
CROSSCOUNTRY MORTGAGE, LLC $75,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $75,000 n/a 0.2%
STOCKTON MORTGAGE CORPORATION $75,000 n/a 0.2%
NAVY FEDERAL CREDIT UNION $95,000 $55,000 -42.1% 0.1%
Bank of America $35,000 n/a 0.1%
Discover Bank $35,000 n/a 0.1%
Carrington Mortgage Services, LLC $225,000 $25,000 -88.9% 0.1%

Grenada's top lender by overall market share is Guaranty Bank and Trust Company, with 19.2% market share. In second place, with 15.6%, is Renasant Bank, having originated $5,990,000 in loans. In third place, with 12.6%, is Regions Bank, having originated $4,810,000 in loans. In fourth place, with 10.6%, is BankPlus, having originated $4,050,000 in loans. In fifth place, with 5.7%, is BancorpSouth, having originated $2,175,000 in loans.


Grenada Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Grenada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $122,175 (-2.3%) $186,637 (14.3%) 0.00 70
2018-02-01 $133,125 (5.7%) $190,730 (-1.3%) 0.00 65
2018-03-01 $134,500 (10.9%) $188,057 (-4.5%) 0.00 65
2018-04-01 $134,500 (23.4%) $196,755 (-1.3%) 0.00 64
2018-05-01 $134,500 (25.1%) $200,433 (-3.9%) 0.00 70
2018-06-01 $130,000 (-3.2%) $190,186 (-10.8%) 0.00 67
2018-07-01 $134,975 (-10.0%) $177,354 (-17.6%) 0.00 67
2018-08-01 $127,750 (-14.4%) $180,197 (-19.0%) 0.00 64
2018-09-01 $128,500 (5.4%) $175,542 (-19.5%) 0.00 66
2018-10-01 $125,375 (11.7%) $171,224 (-11.3%) 0.00 68
2018-11-01 $137,750 (34.4%) $178,981 (0.6%) 0.00 67
2018-12-01 $128,500 (11.3%) $187,282 (2.6%) 0.00 67
2019-01-01 $125,250 (2.5%) $198,618 (6.4%) 0.00 62
2019-02-01 $119,875 (-10.0%) $185,462 (-2.8%) 0.00 62
2019-03-01 $122,986 (-8.6%) $187,109 (-0.5%) 0.00 61
2019-04-01 $126,761 (-5.8%) $191,667 (-2.6%) 0.00 61
2019-05-01 $137,450 (2.2%) $212,057 (5.8%) 0.00 48
2019-06-01 $134,450 (3.4%) $205,730 (8.2%) 0.00 53
2019-07-01 $146,500 (8.5%) $226,876 (27.9%) 0.00 51
2019-08-01 $147,245 (15.3%) $240,014 (33.2%) 0.00 49
2019-09-01 $143,114 (11.4%) $246,644 (40.5%) 0.00 48
2019-10-01 $140,359 (12.0%) $253,031 (47.8%) 0.00 46
2019-11-01 $139,450 (1.2%) $323,384 (80.7%) 0.00 46
2019-12-01 $134,125 (4.4%) $321,064 (71.4%) 0.00 42
2020-01-01 $134,125 (7.1%) $310,347 (56.3%) 0.00 41
2020-02-01 $139,000 (16.0%) $348,395 (87.9%) 0.00 34
2020-03-01 $207,750 (68.9%) $367,555 (96.4%) 0.00 30
2020-04-01 $149,225 (17.7%) $329,952 (72.2%) 0.00 35
2020-05-01 $169,450 (23.3%) $359,712 (69.6%) 0.00 33
2020-06-01 $106,250 (-21.0%) $331,495 (61.1%) 0.00 31
2020-07-01 $97,375 (-33.5%) $310,175 (36.7%) 0.00 35
2020-08-01 $98,500 (-33.1%) $297,249 (23.9%) 0.00 35
2020-09-01 $138,000 (-3.6%) $313,036 (26.9%) 0.00 32
2020-10-01 $131,750 (-6.1%) $297,978 (17.8%) 0.00 36
2020-11-01 $175,375 (25.8%) $263,770 (-18.4%) 0.00 36
2020-12-01 $157,000 (17.1%) $213,017 (-33.7%) 0.00 38
2021-01-01 $130,000 (-3.1%) $205,227 (-33.9%) 0.00 38
2021-02-01 $123,250 (-11.3%) $160,872 (-53.8%) 0.00 32
2021-03-01 $123,500 (-40.6%) $156,836 (-57.3%) 0.00 27
2021-04-01 $154,725 (3.7%) $209,984 (-36.4%) 0.00 21
2021-05-01 $214,000 (26.3%) $245,055 (-31.9%) 0.00 17
2021-06-01 $229,500 (116.0%) $294,464 (-11.2%) 0.00 12
2021-07-01 $194,500 (99.7%) $293,070 (-5.5%) 0.00 16
2021-08-01 $174,250 (76.9%) $285,388 (-4.0%) 0.00 20
2021-09-01 $202,500 (46.7%) $312,098 (-0.3%) 0.00 24
2021-10-01 $229,000 (73.8%) $372,002 (24.8%) 0.00 20
2021-11-01 $226,750 (29.3%) $368,079 (39.6%) 0.00 17
2021-12-01 $133,975 (-14.7%) $306,178 (43.7%) 0.00 16
2022-01-01 $149,250 (14.8%) $271,368 (32.2%) 0.00 19
2022-02-01 $166,250 (34.9%) $272,988 (69.7%) 0.00 22
2022-03-01 $151,250 (22.5%) $274,503 (75.0%) 0.00 21
2022-04-01 $128,500 (-17.0%) $291,621 (38.9%) 0.00 19
2022-05-01 $151,000 (-29.4%) $312,004 (27.3%) 0.00 25
2022-06-01 $174,250 (-24.1%) $299,695 (1.8%) 0.00 30
2022-07-01 $160,000 (-17.7%) $298,338 (1.8%) 0.00 29
2022-08-01 $189,500 (8.8%) $284,757 (-0.2%) 0.00 32
2022-09-01 $173,750 (-14.2%) $294,816 (-5.5%) 0.00 26
2022-10-01 $178,500 (-22.1%) $244,156 (-34.4%) 0.00 34
2022-11-01 $167,250 (-26.2%) $227,852 (-38.1%) 0.00 34
2022-12-01 $149,000 (11.2%) $205,670 (-32.8%) 0.00 33
2023-01-01 $149,450 (0.1%) $202,917 (-25.2%) 0.00 33
2023-02-01 $147,625 (-11.2%) $187,614 (-31.3%) 0.00 36
2023-03-01 $137,375 (-9.2%) $195,052 (-28.9%) 0.00 29
2023-04-01 $149,500 (16.3%) $230,880 (-20.8%) 0.00 29
2023-05-01 $145,750 (-3.5%) $224,996 (-27.9%) 0.00 28
2023-06-01 $157,250 (-9.8%) $213,855 (-28.6%) 0.00 34
2023-07-01 $139,900 (-12.6%) $229,561 (-23.1%) 0.00 38
2023-08-01 $133,500 (-29.6%) $228,646 (-19.7%) 0.00 41
2023-09-01 $145,500 (-16.3%) $247,535 (-16.0%) 0.00 33
2023-10-01 $138,375 (-22.5%) $241,290 (-1.2%) 0.00 37
2023-11-01 $135,000 (-19.3%) $247,204 (8.5%) 0.00 35
2023-12-01 $202,000 (35.6%) $253,409 (23.2%) 0.00 40
2024-01-01 $202,000 (35.2%) $261,081 (28.7%) 0.00 42
2024-02-01 $181,000 (22.6%) $198,022 (5.6%) 0.00 48
2024-03-01 $199,000 (44.9%) $243,220 (24.7%) 0.00 49
2024-04-01 $200,500 (34.1%) $237,158 (2.7%) 0.00 54
2024-05-01 $180,250 (23.7%) $243,713 (8.3%) 0.00 52
2024-06-01 $173,000 (10.0%) $230,705 (7.9%) 0.00 54
2024-07-01 $182,450 (30.4%) $230,634 (0.5%) 0.00 55
2024-08-01 $189,900 (42.3%) $243,487 (6.5%) 0.00 55
2024-09-01 $165,000 (13.4%) $238,707 (-3.6%) 0.00 55
Grenada's median listing price for 2024-09-01 was $165,000, a difference of $19,500 (13.4%) versus the prior year and $-24,900 versus the prior month.

Grenada's median listing price comes in at 0% of the national average.

Grenada's average listing price for 2024-09-01 was $238,707, a difference of $-8,828 (-3.6%) versus the prior year and $-4,780 versus the prior month.

For the 2024-09-01 period, Grenada had 55 MLS listings, a difference of 0 listings (0%) versus the prior month and 22 listings (67%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Grenada (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,608 sqft
2018-02-01 0 days 2,667 sqft
2018-03-01 0 days 1,982 sqft
2018-04-01 0 days 2,357 sqft
2018-05-01 0 days 2,199 sqft
2018-06-01 0 days 2,108 sqft
2018-07-01 0 days 1,926 sqft
2018-08-01 0 days 1,759 sqft
2018-09-01 0 days 1,748 sqft
2018-10-01 0 days 1,926 sqft
2018-11-01 0 days 2,064 sqft
2018-12-01 0 days 2,073 sqft
2019-01-01 0 days 2,096 sqft
2019-02-01 0 days 2,094 sqft
2019-03-01 0 days 2,041 sqft
2019-04-01 0 days 1,989 sqft
2019-05-01 0 days 1,957 sqft
2019-06-01 0 days 1,913 sqft
2019-07-01 0 days 2,214 sqft
2019-08-01 0 days 2,275 sqft
2019-09-01 0 days 2,235 sqft
2019-10-01 0 days 2,208 sqft
2019-11-01 0 days 2,200 sqft
2019-12-01 0 days 1,934 sqft
2020-01-01 0 days 1,889 sqft
2020-02-01 0 days 2,092 sqft
2020-03-01 0 days 2,305 sqft
2020-04-01 0 days 1,992 sqft
2020-05-01 0 days 2,040 sqft
2020-06-01 0 days 1,788 sqft
2020-07-01 0 days 1,773 sqft
2020-08-01 0 days 1,500 sqft
2020-09-01 0 days 1,789 sqft
2020-10-01 0 days 1,874 sqft
2020-11-01 0 days 2,033 sqft
2020-12-01 0 days 1,965 sqft
2021-01-01 0 days 1,874 sqft
2021-02-01 0 days 1,856 sqft
2021-03-01 0 days 1,850 sqft
2021-04-01 0 days 2,007 sqft
2021-05-01 0 days 2,294 sqft
2021-06-01 0 days 2,112 sqft
2021-07-01 0 days 2,140 sqft
2021-08-01 0 days 2,041 sqft
2021-09-01 0 days 2,106 sqft
2021-10-01 0 days 2,213 sqft
2021-11-01 0 days 2,101 sqft
2021-12-01 0 days 1,697 sqft
2022-01-01 0 days 1,761 sqft
2022-02-01 0 days 1,743 sqft
2022-03-01 0 days 1,659 sqft
2022-04-01 0 days 1,546 sqft
2022-05-01 0 days 1,751 sqft
2022-06-01 0 days 1,672 sqft
2022-07-01 0 days 2,154 sqft
2022-08-01 0 days 2,099 sqft
2022-09-01 0 days 2,025 sqft
2022-10-01 0 days 1,950 sqft
2022-11-01 0 days 1,974 sqft
2022-12-01 0 days 1,936 sqft
2023-01-01 0 days 1,945 sqft
2023-02-01 0 days 1,865 sqft
2023-03-01 0 days 1,880 sqft
2023-04-01 0 days 2,000 sqft
2023-05-01 0 days 2,033 sqft
2023-06-01 0 days 1,928 sqft
2023-07-01 0 days 1,950 sqft
2023-08-01 0 days 1,699 sqft
2023-09-01 0 days 1,796 sqft
2023-10-01 0 days 1,673 sqft
2023-11-01 0 days 1,866 sqft
2023-12-01 0 days 2,272 sqft
2024-01-01 0 days 1,976 sqft
2024-02-01 0 days 1,936 sqft
2024-03-01 0 days 1,920 sqft
2024-04-01 0 days 1,954 sqft
2024-05-01 0 days 1,970 sqft
2024-06-01 0 days 1,915 sqft
2024-07-01 0 days 1,826 sqft
2024-08-01 0 days 1,883 sqft
2024-09-01 0 days 1,846 sqft
Grenada's median listing age (time on market) for 2024-09-01 was 0 days.

Grenada's median square footage for active listings during the 2024-09-01 period was 1,846 sqft. One year prior, the average listing was 1,796 sqft.

Grenada, MS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 144 $23,520,000 $163,333
Refi 80 $8,610,000 $107,625
Cash Out Refi 22 $3,480,000 $158,182
Home Improvement 21 $1,215,000 $57,857
Other 21 $1,495,000 $71,190

Grenada's most frequently cited loan purpose was Home Purchase, with 144 originations. The 2nd most popular reason was Refi, with 80 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
Over 8% 81 $6,015,000 $74,259
6-7% 70 $12,660,000 $180,857
7-8% 69 $7,705,000 $111,667
5-6% 22 $3,630,000 $165,000
<2.5% 12 $400,000 $33,333

During 2023, Grenada's most frequently originated rate bucket was Over 8%, with 81 originations.

Loan Sizing (Grenada, MS MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 142 $7,060,000 $49,718
$100k-200k 94 $13,410,000 $142,660
$200k-400k 44 $11,650,000 $264,773
$400k-600k 7 $3,295,000 $470,714
$Over $1MM 1 $2,905,000 $2,905,000

Grenada's loan sizing saw the bucket of loans from $100,000 or less with 142 originations, totaling $7,060,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 99 $17,755,000 $179,343
60-80% 53 $6,045,000 $114,057
20-40% 41 $2,855,000 $69,634
Under 20% 34 $990,000 $29,118
40-60% 26 $1,920,000 $73,846
Over 100% 2 $350,000 $175,000

Grenada's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 99 originations, totaling $17,755,000 in origination value.