Grenada Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Grenada averaged 6.77% for the week of 2025-02-13, compared to the national average of 6.87% for the same period.

    The average rate for the prior week (2025-02-06) was 6.79% and one month ago for the week of 2025-01-09, the average rate was 7.13%.

    Grenada's average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-02-13, the average rate was 7.17%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-02-13 6.87%
    Grenada 30 Year Fixed Rate 2025-02-13 6.77%
    Grenada 30 Year Fixed Rate Refi 2025-02-13 7.17%
    Grenada 15 Year Fixed Rate 2025-02-13 5.89%
    Grenada 15 Year Fixed Rate Refi 2025-02-13 6.09%
    Grenada 30 Year FHA 2025-02-13 6.52%
    Grenada 30 Year FHA Refi 2025-02-13 6.42%
    Grenada 30 Year USDA 2025-02-13 6.73%
    Grenada 30 Year USDA Refi 2025-02-13 6.33%
    Grenada 30 Year VA 2025-02-13 6.63%
    Grenada 30 Year VA Refi 2025-02-13 6.43%
    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 $109,750 (-0.2%) $169,678 (10.3%) 0.00 85
    2018-02-01 $113,750 (1.2%) $171,656 (-6.4%) 0.00 83
    2018-03-01 $118,950 (16.6%) $170,265 (-10.0%) 0.00 82
    2018-04-01 $125,000 (25.0%) $179,987 (-4.5%) 0.00 86
    2018-05-01 $125,000 (25.1%) $185,993 (-5.2%) 0.00 94
    2018-06-01 $126,900 (16.7%) $175,903 (-13.3%) 0.00 94
    2018-07-01 $120,975 (-16.3%) $168,029 (-19.9%) 0.00 94
    2018-08-01 $120,500 (-13.5%) $170,950 (-19.2%) 0.00 85
    2018-09-01 $118,000 (2.7%) $163,916 (-21.1%) 0.00 90
    2018-10-01 $109,000 (6.3%) $159,584 (-12.7%) 0.00 92
    2018-11-01 $110,500 (11.6%) $162,686 (-3.3%) 0.00 91
    2018-12-01 $115,000 (3.6%) $170,517 (-1.5%) 0.00 89
    2019-01-01 $118,750 (8.2%) $178,826 (5.4%) 0.00 90
    2019-02-01 $119,750 (5.3%) $176,773 (3.0%) 0.00 86
    2019-03-01 $119,957 (0.9%) $178,701 (5.0%) 0.00 83
    2019-04-01 $119,907 (-4.1%) $180,087 (0.1%) 0.00 83
    2019-05-01 $125,000 (0.0%) $182,532 (-1.9%) 0.00 74
    2019-06-01 $115,000 (-9.4%) $179,790 (2.2%) 0.00 77
    2019-07-01 $127,300 (5.2%) $194,099 (15.5%) 0.00 74
    2019-08-01 $129,755 (7.7%) $203,237 (18.9%) 0.00 74
    2019-09-01 $129,836 (10.0%) $212,889 (29.9%) 0.00 76
    2019-10-01 $129,900 (19.2%) $220,249 (38.0%) 0.00 77
    2019-11-01 $127,000 (14.9%) $268,917 (65.3%) 0.00 73
    2019-12-01 $128,000 (11.3%) $259,051 (51.9%) 0.00 67
    2020-01-01 $125,725 (5.9%) $255,413 (42.8%) 0.00 66
    2020-02-01 $122,000 (1.9%) $267,128 (51.1%) 0.00 61
    2020-03-01 $139,225 (16.1%) $277,569 (55.3%) 0.00 56
    2020-04-01 $135,725 (13.2%) $264,539 (46.9%) 0.00 59
    2020-05-01 $139,000 (11.2%) $281,347 (54.1%) 0.00 55
    2020-06-01 $117,225 (1.9%) $270,730 (50.6%) 0.00 52
    2020-07-01 $108,975 (-14.4%) $273,353 (40.8%) 0.00 51
    2020-08-01 $105,000 (-19.1%) $267,450 (31.6%) 0.00 49
    2020-09-01 $122,450 (-5.7%) $273,486 (28.5%) 0.00 50
    2020-10-01 $124,950 (-3.8%) $262,482 (19.2%) 0.00 54
    2020-11-01 $136,000 (7.1%) $226,716 (-15.7%) 0.00 52
    2020-12-01 $135,450 (5.8%) $190,307 (-26.5%) 0.00 53
    2021-01-01 $132,500 (5.4%) $183,402 (-28.2%) 0.00 56
    2021-02-01 $125,000 (2.5%) $156,399 (-41.5%) 0.00 45
    2021-03-01 $123,350 (-11.4%) $150,012 (-46.0%) 0.00 39
    2021-04-01 $127,250 (-6.2%) $182,227 (-31.1%) 0.00 31
    2021-05-01 $170,950 (23.0%) $206,986 (-26.4%) 0.00 24
    2021-06-01 $176,500 (50.6%) $232,039 (-14.3%) 0.00 19
    2021-07-01 $149,900 (37.6%) $233,020 (-14.8%) 0.00 24
    2021-08-01 $137,500 (31.0%) $235,223 (-12.1%) 0.00 31
    2021-09-01 $158,675 (29.6%) $251,586 (-8.0%) 0.00 36
    2021-10-01 $169,000 (35.3%) $309,724 (18.0%) 0.00 29
    2021-11-01 $164,450 (20.9%) $301,527 (33.0%) 0.00 25
    2021-12-01 $137,000 (1.1%) $257,481 (35.3%) 0.00 25
    2022-01-01 $133,500 (0.8%) $231,503 (26.2%) 0.00 30
    2022-02-01 $141,875 (13.5%) $231,045 (47.7%) 0.00 32
    2022-03-01 $137,950 (11.8%) $233,126 (55.4%) 0.00 33
    2022-04-01 $135,900 (6.8%) $243,700 (33.7%) 0.00 25
    2022-05-01 $143,000 (-16.4%) $270,029 (30.5%) 0.00 33
    2022-06-01 $151,875 (-14.0%) $255,707 (10.2%) 0.00 39
    2022-07-01 $142,500 (-4.9%) $249,871 (7.2%) 0.00 40
    2022-08-01 $160,000 (16.4%) $264,262 (12.4%) 0.00 40
    2022-09-01 $138,200 (-12.9%) $255,127 (1.4%) 0.00 37
    2022-10-01 $142,500 (-15.7%) $227,667 (-26.5%) 0.00 42
    2022-11-01 $159,750 (-2.9%) $247,329 (-18.0%) 0.00 43
    2022-12-01 $145,500 (6.2%) $218,406 (-15.2%) 0.00 46
    2023-01-01 $149,450 (12.0%) $217,068 (-6.2%) 0.00 46
    2023-02-01 $144,500 (1.9%) $209,776 (-9.2%) 0.00 47
    2023-03-01 $132,500 (-4.0%) $203,280 (-12.8%) 0.00 40
    2023-04-01 $138,750 (2.1%) $206,113 (-15.4%) 0.00 38
    2023-05-01 $131,375 (-8.1%) $200,560 (-25.7%) 0.00 36
    2023-06-01 $152,825 (0.6%) $198,144 (-22.5%) 0.00 41
    2023-07-01 $140,000 (-1.8%) $210,251 (-15.9%) 0.00 48
    2023-08-01 $137,500 (-14.1%) $207,461 (-21.5%) 0.00 53
    2023-09-01 $139,000 (0.6%) $212,565 (-16.7%) 0.00 50
    2023-10-01 $146,250 (2.6%) $209,769 (-7.9%) 0.00 55
    2023-11-01 $142,500 (-10.8%) $215,756 (-12.8%) 0.00 53
    2023-12-01 $168,000 (15.5%) $220,325 (0.9%) 0.00 59
    2024-01-01 $171,125 (14.5%) $230,164 (6.0%) 0.00 60
    2024-02-01 $163,950 (13.5%) $186,418 (-11.1%) 0.00 68
    2024-03-01 $182,250 (37.6%) $221,364 (8.9%) 0.00 69
    2024-04-01 $177,250 (27.8%) $219,586 (6.5%) 0.00 75
    2024-05-01 $170,000 (29.4%) $222,513 (11.0%) 0.00 78
    2024-06-01 $170,000 (11.2%) $211,792 (6.9%) 0.00 76
    2024-07-01 $168,850 (20.6%) $211,402 (0.6%) 0.00 81
    2024-08-01 $168,500 (22.6%) $218,679 (5.4%) 0.00 79
    2024-09-01 $159,125 (14.5%) $214,477 (0.9%) 0.00 86
    2024-10-01 $162,500 (11.1%) $218,896 (4.4%) 0.00 80
    2024-11-01 $175,800 (23.4%) $276,241 (28.0%) 0.00 79
    2024-12-01 $175,000 (4.2%) $270,535 (22.8%) 0.00 82
    2025-01-01 $167,000 (-2.4%) $238,908 (3.8%) 0.00 82
    Grenada's median listing price for 2025-01-01 was $167,000, a difference of $-4,125 (-2.4%) versus the prior year and $-8,000 versus the prior month.

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

    Grenada's average listing price for 2025-01-01 was $238,908, a difference of $8,744 (3.8%) versus the prior year and $-31,627 versus the prior month.

    For the 2025-01-01 period, Grenada had 82 MLS listings, a difference of 0 listings (0%) versus the prior month and 22 listings (37%) 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 2,291 sqft
    2018-02-01 0 days 2,345 sqft
    2018-03-01 0 days 2,152 sqft
    2018-04-01 0 days 2,386 sqft
    2018-05-01 0 days 2,300 sqft
    2018-06-01 0 days 2,091 sqft
    2018-07-01 0 days 2,009 sqft
    2018-08-01 0 days 2,009 sqft
    2018-09-01 0 days 1,894 sqft
    2018-10-01 0 days 1,981 sqft
    2018-11-01 0 days 2,064 sqft
    2018-12-01 0 days 2,054 sqft
    2019-01-01 0 days 2,148 sqft
    2019-02-01 0 days 2,124 sqft
    2019-03-01 0 days 2,020 sqft
    2019-04-01 0 days 1,936 sqft
    2019-05-01 0 days 1,913 sqft
    2019-06-01 0 days 1,835 sqft
    2019-07-01 0 days 2,072 sqft
    2019-08-01 0 days 2,145 sqft
    2019-09-01 0 days 2,135 sqft
    2019-10-01 0 days 2,129 sqft
    2019-11-01 0 days 1,960 sqft
    2019-12-01 0 days 1,937 sqft
    2020-01-01 0 days 1,921 sqft
    2020-02-01 0 days 1,960 sqft
    2020-03-01 0 days 2,304 sqft
    2020-04-01 0 days 2,012 sqft
    2020-05-01 0 days 1,953 sqft
    2020-06-01 0 days 1,712 sqft
    2020-07-01 0 days 1,698 sqft
    2020-08-01 0 days 1,714 sqft
    2020-09-01 0 days 1,820 sqft
    2020-10-01 0 days 1,798 sqft
    2020-11-01 0 days 2,004 sqft
    2020-12-01 0 days 1,985 sqft
    2021-01-01 0 days 1,926 sqft
    2021-02-01 0 days 1,874 sqft
    2021-03-01 0 days 1,900 sqft
    2021-04-01 0 days 2,009 sqft
    2021-05-01 0 days 2,073 sqft
    2021-06-01 0 days 2,017 sqft
    2021-07-01 0 days 2,056 sqft
    2021-08-01 0 days 2,013 sqft
    2021-09-01 0 days 1,981 sqft
    2021-10-01 0 days 2,084 sqft
    2021-11-01 0 days 1,848 sqft
    2021-12-01 0 days 1,639 sqft
    2022-01-01 0 days 1,672 sqft
    2022-02-01 0 days 1,698 sqft
    2022-03-01 0 days 1,635 sqft
    2022-04-01 0 days 1,527 sqft
    2022-05-01 0 days 1,721 sqft
    2022-06-01 0 days 1,713 sqft
    2022-07-01 0 days 2,012 sqft
    2022-08-01 0 days 1,979 sqft
    2022-09-01 0 days 1,916 sqft
    2022-10-01 0 days 1,861 sqft
    2022-11-01 0 days 1,955 sqft
    2022-12-01 0 days 1,832 sqft
    2023-01-01 0 days 1,938 sqft
    2023-02-01 0 days 1,862 sqft
    2023-03-01 0 days 1,772 sqft
    2023-04-01 0 days 1,943 sqft
    2023-05-01 0 days 1,995 sqft
    2023-06-01 0 days 1,951 sqft
    2023-07-01 0 days 1,943 sqft
    2023-08-01 0 days 1,780 sqft
    2023-09-01 0 days 1,894 sqft
    2023-10-01 0 days 1,850 sqft
    2023-11-01 0 days 1,953 sqft
    2023-12-01 0 days 2,079 sqft
    2024-01-01 0 days 1,975 sqft
    2024-02-01 0 days 1,910 sqft
    2024-03-01 0 days 1,900 sqft
    2024-04-01 0 days 1,954 sqft
    2024-05-01 0 days 1,962 sqft
    2024-06-01 0 days 1,910 sqft
    2024-07-01 0 days 1,854 sqft
    2024-08-01 0 days 1,862 sqft
    2024-09-01 0 days 1,843 sqft
    2024-10-01 0 days 1,865 sqft
    2024-11-01 0 days 1,862 sqft
    2024-12-01 0 days 1,811 sqft
    2025-01-01 0 days 1,798 sqft
    Grenada's median listing age (time on market) for 2025-01-01 was 0 days.

    Grenada's median square footage for active listings during the 2025-01-01 period was 1,798 sqft. One year prior, the average listing was 1,975 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.