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 6.68% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.69% and one month ago for the week of 2024-10-10, the average rate was 6.32%.

    Grenada's average rate one year ago was 7.4%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.28%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Grenada 30 Year Fixed Rate 2024-11-14 6.68%
    Grenada 30 Year Fixed Rate Refi 2024-11-14 7.28%
    Grenada 15 Year Fixed Rate 2024-11-14 5.79%
    Grenada 15 Year Fixed Rate Refi 2024-11-14 6.29%
    Grenada 30 Year FHA 2024-11-14 0.1%
    Grenada 30 Year FHA Refi 2024-11-14 -0.2%
    Grenada 30 Year USDA 2024-11-14 0%
    Grenada 30 Year USDA Refi 2024-11-14 0.2%
    Grenada 30 Year VA 2024-11-14 -0.1%
    Grenada 30 Year VA Refi 2024-11-14 0%
    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
    2024-10-01 $161,225 (16.5%) $252,674 (4.7%) 0.00 46
    Grenada's median listing price for 2024-10-01 was $161,225, a difference of $22,850 (16.5%) versus the prior year and $-3,775 versus the prior month.

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

    Grenada's average listing price for 2024-10-01 was $252,674, a difference of $11,384 (4.7%) versus the prior year and $13,967 versus the prior month.

    For the 2024-10-01 period, Grenada had 46 MLS listings, a difference of -9 listings (-16%) versus the prior month and 9 listings (24%) 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
    2024-10-01 0 days 1,940 sqft
    Grenada's median listing age (time on market) for 2024-10-01 was 0 days.

    Grenada's median square footage for active listings during the 2024-10-01 period was 1,940 sqft. One year prior, the average listing was 1,673 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.