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 6.84% for the week of 2025-04-03, compared to the national average of 6.64% for the same period.

    The average rate for the prior week (2025-03-27) was 6.85% and one month ago for the week of 2025-02-27, the average rate was 6.56%.

    Grenada's average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-04-03, the average rate was 7.24%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2025-04-03 6.64%
    Grenada 30 Year Fixed Rate 2025-04-03 6.84%
    Grenada 30 Year Fixed Rate Refi 2025-04-03 7.24%
    Grenada 15 Year Fixed Rate 2025-04-03 5.82%
    Grenada 15 Year Fixed Rate Refi 2025-04-03 6.32%
    Grenada 30 Year FHA 2025-04-03 6.16%
    Grenada 30 Year FHA Refi 2025-04-03 6.16%
    Grenada 30 Year USDA 2025-04-03 6.12%
    Grenada 30 Year USDA Refi 2025-04-03 6.52%
    Grenada 30 Year VA 2025-04-03 6.16%
    Grenada 30 Year VA Refi 2025-04-03 5.96%
    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    BancorpSouth 9 6.97% $4,270
    Renasant Bank 5 7.22% $3,690
    BankPlus 5 6.68% $3,852
    LOANDEPOT.COM, LLC 3 7.04% $4,506
    Regions Bank 2 7.25% $5,199
    QUICKEN LOANS, LLC 2 7.18% $5,682
    UNITED WHOLESALE MORTGAGE, LLC 2 7.31% $7,170
    Flagstar Bank, FSB 2 6.31% $11,939
    PNC Bank 1 6.50% $4,388
    PREMIA MORTGAGE, LLC 1 6.88% $100
    Ally Bank 1 6.13% $8,958
    Wells Fargo Bank 1 6.38% $7,430
    CMG MORTGAGE, INC. 1 7.38% $7,152
    COMMUNITY MORTGAGE CORPORATION 1 6.63% $6,799
    JPMorgan Chase Bank 1 5.88% $3,632
    MORTGAGE INVESTORS GROUP, INC. 1 7.50% $5,545
    Nations Lending Corporation 1 6.75% $2,127
    OCMBC, INC. 1 6.88% $11,927
    PENNYMAC LOAN SERVICES, LLC 1 7.49% $2,811

    Grenada Average Closing Costs & Other Stats

    Grenada, MS's 19 lenders originated 292 loans during 2024. The total origination value was $40,230,000, with an average loan value of $137,774.

    Grenada's average closing costs are $4,443.

    The top Grenada lender as defined by loan originations is BancorpSouth, with 9 loans originated. Their average total fees are $4,270, which is $581 higher than the next largest lender, Renasant 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
    BankPlus $4,050,000 $5,195,000 28.3% 12.9%
    Guaranty Bank and Trust Company $7,370,000 $4,865,000 -34.0% 12.1%
    Renasant Bank $5,990,000 $4,330,000 -27.7% 10.8%
    BancorpSouth $2,175,000 $4,045,000 86.0% 10.1%
    Mortgage Research Center, LLC $945,000 $2,245,000 137.6% 5.6%
    QUICKEN LOANS, LLC $1,980,000 $2,230,000 12.6% 5.5%
    Regions Bank $4,810,000 $1,700,000 -64.7% 4.2%
    UNITED WHOLESALE MORTGAGE, LLC $225,000 $1,360,000 504.4% 3.4%
    Flagstar Bank, FSB $880,000 $1,090,000 23.9% 2.7%
    21ST MORTGAGE CORPORATION $595,000 $1,025,000 72.3% 2.5%
    Nations Lending Corporation $360,000 $945,000 162.5% 2.3%
    LOANDEPOT.COM, LLC $360,000 $900,000 150.0% 2.2%
    FREEDOM MORTGAGE CORPORATION $205,000 $725,000 253.7% 1.8%
    TRIAD FINANCIAL SERVICES, INC. $860,000 $520,000 -39.5% 1.3%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $145,000 $510,000 251.7% 1.3%
    NEW DAY FINANCIAL, LLC $410,000 n/a 1.0%
    PNC Bank $375,000 n/a 0.9%
    GUILD MORTGAGE COMPANY $365,000 n/a 0.9%
    PLANET HOME LENDING, LLC $345,000 n/a 0.9%
    SWBC MORTGAGE CORPORATION $200,000 $345,000 72.5% 0.9%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $335,000 n/a 0.8%
    USAA Federal Savings Bank $185,000 $335,000 81.1% 0.8%
    OCMBC, INC. $325,000 n/a 0.8%
    BROKER SOLUTIONS, INC. $310,000 n/a 0.8%
    COMMUNITY MORTGAGE CORPORATION $305,000 n/a 0.8%
    SUCCESS MORTGAGE PARTNERS, INC. $285,000 n/a 0.7%
    Wells Fargo Bank $285,000 n/a 0.7%
    CSL Financial, LLC $275,000 n/a 0.7%
    STOCKTON MORTGAGE CORPORATION $75,000 $270,000 260.0% 0.7%
    Ally Bank $265,000 n/a 0.7%
    Barrington Bank & Trust Company, N.A. $255,000 n/a 0.6%
    PREMIA MORTGAGE, LLC $235,000 n/a 0.6%
    Planters Bank & Trust Company $230,000 n/a 0.6%
    NBKC BANK $225,000 n/a 0.6%
    BankFirst Financial Services $215,000 n/a 0.5%
    UNION HOME MORTGAGE CORP. $105,000 $215,000 104.8% 0.5%
    MORTGAGE INVESTORS GROUP, INC. $205,000 n/a 0.5%
    JPMorgan Chase Bank $430,000 $185,000 -57.0% 0.5%
    LIBERTY HOME MORTGAGE CORPORATION $155,000 $185,000 19.4% 0.5%
    PENNYMAC LOAN SERVICES, LLC $255,000 $185,000 -27.5% 0.5%
    Southern Bancorp Bank $115,000 $185,000 60.9% 0.5%
    NEXERA HOLDING LLC $165,000 n/a 0.4%
    CMG MORTGAGE, INC. $155,000 n/a 0.4%
    Bank of America $35,000 $145,000 314.3% 0.4%
    BECKAM FUNDING CORP. $135,000 n/a 0.3%
    Equity Prime Mortgage LLC $135,000 n/a 0.3%
    The Federal Savings Bank $135,000 n/a 0.3%
    VANDERBILT MORTGAGE AND FINANCE, INC. $115,000 n/a 0.3%
    Community Bank of Mississippi $135,000 $100,000 -25.9% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $75,000 $75,000 0.0% 0.2%
    Guaranty Bank & Trust Company of Delhi, Louisiana $395,000 $65,000 -83.5% 0.2%
    Discover Bank $35,000 $55,000 57.1% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $45,000 n/a 0.1%
    The Citizens Bank of Philadelphia, Mississippi $45,000 n/a 0.1%
    Figure Lending LLC $25,000 n/a 0.1%

    Grenada's top lender by overall market share is BankPlus, with 12.9% market share. In second place, with 12.1%, is Guaranty Bank and Trust Company, having originated $4,865,000 in loans. In third place, with 10.8%, is Renasant Bank, having originated $4,330,000 in loans. In fourth place, with 10.1%, is BancorpSouth, having originated $4,045,000 in loans. In fifth place, with 5.6%, is Mortgage Research Center, LLC, having originated $2,245,000 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
    2025-02-01 $160,000 (-2.4%) $235,669 (26.4%) 0.00 87
    2025-03-01 $167,000 (-8.4%) $239,227 (8.1%) 0.00 89
    Grenada's median listing price for 2025-03-01 was $167,000, a difference of $-15,250 (-8.4%) versus the prior year and $7,000 versus the prior month.

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

    Grenada's average listing price for 2025-03-01 was $239,227, a difference of $17,863 (8.1%) versus the prior year and $3,558 versus the prior month.

    For the 2025-03-01 period, Grenada had 89 MLS listings, a difference of 2 listings (2%) versus the prior month and 20 listings (29%) 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
    2025-02-01 0 days 1,763 sqft
    2025-03-01 0 days 1,780 sqft
    Grenada's median listing age (time on market) for 2025-03-01 was 0 days.

    Grenada's median square footage for active listings during the 2025-03-01 period was 1,780 sqft. One year prior, the average listing was 1,900 sqft.

    Grenada, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 156 $25,360,000 $162,564
    Refi 56 $7,810,000 $139,464
    Other 30 $1,720,000 $57,333
    Home Improvement 26 $1,510,000 $58,077
    Cash Out Refi 24 $3,830,000 $159,583

    Grenada's most frequently cited loan purpose was Home Purchase, with 156 originations. The 2nd most popular reason was Refi, with 56 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    Over 8% 88 $7,450,000 $84,659
    6-7% 80 $14,040,000 $175,500
    7-8% 52 $8,080,000 $155,385
    5-6% 19 $4,715,000 $248,158
    <2.5% 9 $215,000 $23,889
    4-5% 9 $755,000 $83,889

    During 2024, Grenada's most frequently originated rate bucket was Over 8%, with 88 originations.

    Loan Sizing (Grenada, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 128 $6,510,000 $50,859
    $100k-200k 95 $13,895,000 $146,263
    $200k-400k 66 $18,220,000 $276,061
    $400k-600k 3 $1,605,000 $535,000

    Grenada's loan sizing saw the bucket of loans from $100,000 or less with 128 originations, totaling $6,510,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 105 $19,695,000 $187,571
    60-80% 51 $7,765,000 $152,255
    Under 20% 41 $1,245,000 $30,366
    20-40% 27 $1,815,000 $67,222
    40-60% 21 $2,245,000 $106,905
    Over 100% 6 $890,000 $148,333

    Grenada's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 105 originations, totaling $19,695,000 in origination value.