HATTIESBURG Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hattiesburg averaged
6.99%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.82% and
one month ago for the week of 2024-10-03, the
average rate was 5.92%.
Hattiesburg's average rate one year ago was 7.56%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Hattiesburg 30 Year Fixed Rate | 2024-11-07 | 6.99% |
| Hattiesburg 30 Year Fixed Rate Refi | 2024-11-07 | 7.01% |
| Hattiesburg 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Hattiesburg 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Hattiesburg 30 Year FHA | 2024-11-07 | 6.28% |
| Hattiesburg 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Hattiesburg 30 Year USDA | 2024-11-07 | 6.16% |
| Hattiesburg 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Hattiesburg 30 Year VA | 2024-11-07 | 6.18% |
| Hattiesburg 30 Year VA Refi | 2024-11-07 | 6.14% |
HATTIESBURG 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 HATTIESBURG, 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.).
HATTIESBURG Average Closing Costs & Other Stats
HATTIESBURG, MS's 83 lenders originated 2,852
loans during 2023. The total origination value was $547,520,000, with an average loan value of
$191,978.
HATTIESBURG's average closing costs are $5,059.
The top HATTIESBURG lender as defined by loan originations is QUICKEN LOANS, LLC, with
59 loans originated. Their average total fees are
$6,547, which is $1,663
higher than the next largest lender,
Merchants & Marine Bank.
The lowest fee HATTIESBURG lenders (with over 10 loans originated) are
GMFS LLC ($3,360), Hancock Whitney Bank ($3,451), The Citizens National Bank of Meridian ($3,640), Grand Bank for Savings, FSB ($3,708) and Trustmark National Bank ($4,189).
The lowest rate HATTIESBURG lenders (with over 10 loans originated) are
Hancock Whitney Bank (6.34%), Hamilton Mortgage Corporation (6.35%), BancorpSouth (6.47%), Community Bank of Mississippi (6.57%) and GMFS LLC (6.68%).
HATTIESBURG, 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 |
|---|---|---|---|---|
| Trustmark National Bank | $71,350,000 | $44,760,000 | -37.3% | 8.2% |
| Arbor Realty Trust, Inc. | $28,105,000 | n/a | 5.1% | |
| Community Bank of Mississippi | $39,615,000 | $27,705,000 | -30.1% | 5.1% |
| QUICKEN LOANS, LLC | $33,345,000 | $25,935,000 | -22.2% | 4.7% |
| The First, A National Banking Association | $46,180,000 | $25,320,000 | -45.2% | 4.6% |
| Merchants & Marine Bank | $16,805,000 | $23,985,000 | 42.7% | 4.4% |
| BancorpSouth | $38,825,000 | $23,275,000 | -40.1% | 4.3% |
| Regions Bank | $24,630,000 | $23,180,000 | -5.9% | 4.2% |
| Magnolia State Bank | $26,955,000 | $20,580,000 | -23.7% | 3.8% |
| PriorityOne Bank | $59,290,000 | $18,590,000 | -68.6% | 3.4% |
| The Citizens National Bank of Meridian | $10,610,000 | $17,565,000 | 65.6% | 3.2% |
| UNITED WHOLESALE MORTGAGE, LLC | $16,925,000 | $14,020,000 | -17.2% | 2.6% |
| BankFirst Financial Services | $22,665,000 | $13,660,000 | -39.7% | 2.5% |
| Mortgage Research Center, LLC | $20,910,000 | $13,480,000 | -35.5% | 2.5% |
| Hancock Whitney Bank | $13,815,000 | $12,780,000 | -7.5% | 2.3% |
| The Citizens Bank of Philadelphia, Mississippi | $55,000 | $10,840,000 | 19,609.1% | 2.0% |
| Citizens Bank | $3,000,000 | $9,935,000 | 231.2% | 1.8% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $18,740,000 | $9,070,000 | -51.6% | 1.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $680,000 | $8,080,000 | 1,088.2% | 1.5% |
| KEESLER | $20,405,000 | $7,835,000 | -61.6% | 1.4% |
| Grand Bank for Savings, FSB | $3,905,000 | $6,900,000 | 76.7% | 1.3% |
| GMFS LLC | $4,415,000 | $6,895,000 | 56.2% | 1.3% |
| 21ST MORTGAGE CORPORATION | $5,335,000 | $6,760,000 | 26.7% | 1.2% |
| STOCKTON MORTGAGE CORPORATION | $12,010,000 | $5,770,000 | -52.0% | 1.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $3,425,000 | $4,325,000 | 26.3% | 0.8% |
| Renasant Bank | $4,255,000 | $4,300,000 | 1.1% | 0.8% |
| Hamilton Mortgage Corporation | $285,000 | $3,855,000 | 1,252.6% | 0.7% |
| FIRST COLONY MORTGAGE CORPORATION | $3,805,000 | n/a | 0.7% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $860,000 | $3,665,000 | 326.2% | 0.7% |
| NAVY FEDERAL CREDIT UNION | $5,830,000 | $3,585,000 | -38.5% | 0.7% |
| LOANDEPOT.COM, LLC | $22,490,000 | $3,565,000 | -84.1% | 0.7% |
| Equity Prime Mortgage LLC | $785,000 | $3,475,000 | 342.7% | 0.6% |
| SWBC MORTGAGE CORPORATION | $465,000 | $3,405,000 | 632.3% | 0.6% |
| NEWREZ LLC | $2,370,000 | $3,250,000 | 37.1% | 0.6% |
| BROKER SOLUTIONS, INC. | $2,075,000 | $3,240,000 | 56.1% | 0.6% |
| FREEDOM MORTGAGE CORPORATION | $4,725,000 | $3,185,000 | -32.6% | 0.6% |
| Peoples Bank | $3,390,000 | $3,180,000 | -6.2% | 0.6% |
| Citizens Bank | $3,000,000 | $3,175,000 | 5.8% | 0.6% |
| First Southern Bank | $2,960,000 | n/a | 0.5% | |
| USAA Federal Savings Bank | $4,235,000 | $2,600,000 | -38.6% | 0.5% |
| SUNBELT Federal Credit Union | $955,000 | $2,510,000 | 162.8% | 0.5% |
| Bank of America | $1,720,000 | $2,340,000 | 36.0% | 0.4% |
| VILLAGE CAPITAL MORTGAGE | $2,245,000 | n/a | 0.4% | |
| PENNYMAC LOAN SERVICES, LLC | $3,925,000 | $2,180,000 | -44.5% | 0.4% |
| Great Southern Bank | $2,560,000 | $2,130,000 | -16.8% | 0.4% |
| Flagstar Bank, FSB | $3,490,000 | $2,090,000 | -40.1% | 0.4% |
| BankPlus | $1,885,000 | $2,045,000 | 8.5% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $1,745,000 | $1,970,000 | 12.9% | 0.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,065,000 | $1,920,000 | -52.8% | 0.4% |
| Southern Bancorp Bank | $3,200,000 | $1,910,000 | -40.3% | 0.3% |
| NEW DAY FINANCIAL, LLC | $1,485,000 | $1,900,000 | 27.9% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $1,835,000 | n/a | 0.3% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,545,000 | $1,715,000 | -32.6% | 0.3% |
| Barrington Bank & Trust Company, N.A. | $385,000 | $1,715,000 | 345.5% | 0.3% |
| First Bank | $6,270,000 | $1,690,000 | -73.0% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $3,265,000 | $1,640,000 | -49.8% | 0.3% |
| Wells Fargo Bank | $7,005,000 | $1,630,000 | -76.7% | 0.3% |
| CIS Financial Services, Inc. | $655,000 | $1,545,000 | 135.9% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $4,990,000 | $1,480,000 | -70.3% | 0.3% |
| PLANET HOME LENDING, LLC | $715,000 | $1,475,000 | 106.3% | 0.3% |
| FIDELITY BANK | $2,020,000 | $1,330,000 | -34.2% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $765,000 | $1,265,000 | 65.4% | 0.2% |
| MORTGAGE INVESTORS GROUP, INC. | $1,020,000 | $1,150,000 | 12.7% | 0.2% |
| Magnolia Bank | $925,000 | $1,110,000 | 20.0% | 0.2% |
| First Horizon Bank | $1,170,000 | $1,100,000 | -6.0% | 0.2% |
| GUILD MORTGAGE COMPANY | $890,000 | $1,055,000 | 18.5% | 0.2% |
| Morgan Stanley Private Bank | $1,300,000 | $1,020,000 | -21.5% | 0.2% |
| FirstTrust Home Loans, Inc. | $1,015,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $2,595,000 | $1,010,000 | -61.1% | 0.2% |
| First Federal Bank | $380,000 | $965,000 | 153.9% | 0.2% |
| Truist | $175,000 | $960,000 | 448.6% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $925,000 | n/a | 0.2% | |
| EVERETT FINANCIAL, INC. | $4,535,000 | $875,000 | -80.7% | 0.2% |
| CARDINAL FINANCIAL | $135,000 | $850,000 | 529.6% | 0.2% |
| The Federal Savings Bank | $990,000 | $820,000 | -17.2% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $815,000 | n/a | 0.1% | |
| GUARANTY HOME MORTGAGE CORPORATION | $500,000 | $755,000 | 51.0% | 0.1% |
| First National Bank of Picayune | $220,000 | $735,000 | 234.1% | 0.1% |
| ZILLOW HOME LOANS, LLC | $735,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $1,925,000 | $725,000 | -62.3% | 0.1% |
| Warsaw Federal Savings and Loan Association | $725,000 | n/a | 0.1% | |
| 1ST SIGNATURE LENDING, LLC | $695,000 | n/a | 0.1% | |
| RELIANCE FIRST CAPITAL, LLC | $485,000 | $695,000 | 43.3% | 0.1% |
| First Fidelity Bank | $645,000 | n/a | 0.1% | |
| Bank of England | $1,750,000 | $640,000 | -63.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $430,000 | $635,000 | 47.7% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $850,000 | $630,000 | -25.9% | 0.1% |
| U.S. Bank | $855,000 | $625,000 | -26.9% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $610,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $1,225,000 | $580,000 | -52.7% | 0.1% |
| CSL Financial, LLC | $1,720,000 | $560,000 | -67.4% | 0.1% |
| FirstBank | $690,000 | $560,000 | -18.8% | 0.1% |
| Ixonia Bank | $10,260,000 | $550,000 | -94.6% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $790,000 | $540,000 | -31.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $1,415,000 | $520,000 | -63.3% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,495,000 | $500,000 | -66.6% | 0.1% |
| SUPERIOR CHOICE | $485,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $1,030,000 | $480,000 | -53.4% | 0.1% |
| Simmons Bank | $470,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $1,205,000 | $465,000 | -61.4% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,100,000 | $455,000 | -58.6% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $345,000 | $440,000 | 27.5% | 0.1% |
| COUNTRYPLACE MORTGAGE, LTD. | $670,000 | $425,000 | -36.6% | 0.1% |
| Prosperity Home Mortgage, LLC | $75,000 | $425,000 | 466.7% | 0.1% |
| Gulf Coast Bank and Trust Company | $315,000 | $410,000 | 30.2% | 0.1% |
| NBKC BANK | $395,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $150,000 | $390,000 | 160.0% | 0.1% |
| Armed Forces Bank | $385,000 | n/a | 0.1% | |
| Discover Bank | $55,000 | $385,000 | 600.0% | 0.1% |
| GUARANTEED RATE, INC. | $695,000 | $385,000 | -44.6% | 0.1% |
| Ally Bank | $360,000 | $375,000 | 4.2% | 0.1% |
| Guaranty Bank and Trust Company | $4,440,000 | $360,000 | -91.9% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $385,000 | $350,000 | -9.1% | 0.1% |
| Plains Commerce Bank | $340,000 | $350,000 | 2.9% | 0.1% |
| Figure Lending LLC | $635,000 | $345,000 | -45.7% | 0.1% |
| Synovus Bank | $475,000 | $335,000 | -29.5% | 0.1% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $940,000 | $320,000 | -66.0% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $320,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $315,000 | n/a | 0.1% | |
| NP, Inc. | $315,000 | n/a | 0.1% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $315,000 | $295,000 | -6.3% | 0.1% |
| NBH Bank | $295,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $740,000 | $295,000 | -60.1% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $105,000 | $290,000 | 176.2% | 0.1% |
| First Federal Bank, A FSB | $285,000 | n/a | 0.1% | |
| Citizens Bank & Trust Co | $275,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $265,000 | n/a | 0.0% | |
| SeaTrust Mortgage Company | $265,000 | n/a | 0.0% | |
| South Lafourche Bank & Trust Company | $255,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $545,000 | $250,000 | -54.1% | 0.0% |
| Brighton Bank | $395,000 | $250,000 | -36.7% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $250,000 | n/a | 0.0% | |
| OPEN MORTGAGE, LLC | $200,000 | $245,000 | 22.5% | 0.0% |
| Republic State Mortgage Co. | $245,000 | n/a | 0.0% | |
| CALIBER HOME LOANS, INC. | $14,250,000 | $235,000 | -98.4% | 0.0% |
| Origin Bank | $235,000 | n/a | 0.0% | |
| Quontic Bank | $235,000 | n/a | 0.0% | |
| Assurance Financial Group, L.L.C. | $265,000 | $225,000 | -15.1% | 0.0% |
| GREENSTATE CREDIT UNION | $225,000 | n/a | 0.0% | |
| Raymond James Bank | $205,000 | $225,000 | 9.8% | 0.0% |
| United Community Bank | $995,000 | $225,000 | -77.4% | 0.0% |
| ACADEMY MORTGAGE CORPORATION | $785,000 | $215,000 | -72.6% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $290,000 | $210,000 | -27.6% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $340,000 | $205,000 | -39.7% | 0.0% |
| S1L, Inc. | $205,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $195,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $185,000 | n/a | 0.0% | |
| FIRST STATE MORTGAGE SERVICES, LLC | $185,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $265,000 | $185,000 | -30.2% | 0.0% |
| GSF Mortgage Corporation | $185,000 | n/a | 0.0% | |
| EMM LOANS LLC | $175,000 | $165,000 | -5.7% | 0.0% |
| First South Farm Credit, ACA | $165,000 | n/a | 0.0% | |
| PNC Bank | $135,000 | $165,000 | 22.2% | 0.0% |
| First Federal Savings and Loan Association | $865,000 | $155,000 | -82.1% | 0.0% |
| Tyndall Federal Credit Union | $155,000 | n/a | 0.0% | |
| Coastal Community Bank | $145,000 | n/a | 0.0% | |
| Connexus Credit Union | $135,000 | n/a | 0.0% | |
| DEEPHAVEN MORTGAGE LLC | $135,000 | n/a | 0.0% | |
| NAVIGATOR CU | $130,000 | n/a | 0.0% | |
| M&T Bank | $405,000 | $125,000 | -69.1% | 0.0% |
| PHH Mortgage Corporation | $125,000 | n/a | 0.0% | |
| Singing River Federal Credit Union | $105,000 | $125,000 | 19.0% | 0.0% |
| South State Bank | $125,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $250,000 | $115,000 | -54.0% | 0.0% |
| Northpointe Bank | $740,000 | $115,000 | -84.5% | 0.0% |
| Merchants Bank of Indiana | $105,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $95,000 | n/a | 0.0% | |
| FIRST SOUTH FINANCIAL | $155,000 | $85,000 | -45.2% | 0.0% |
| Platte Valley Bank | $75,000 | n/a | 0.0% | |
| The Peoples Bank, Biloxi, Mississippi | $75,000 | n/a | 0.0% | |
| Deere Employees Credit Union | $35,000 | n/a | 0.0% | |
| POWERCO | $35,000 | n/a | 0.0% | |
| MUTUAL | $25,000 | n/a | 0.0% |
HATTIESBURG's top lender by overall market share is Trustmark National Bank, with 8.2% market share. In second place, with 5.1%, is Arbor Realty Trust, Inc., having originated $28,105,000 in loans. In third place, with 5.1%, is Community Bank of Mississippi, having originated $27,705,000 in loans. In fourth place, with 4.7%, is QUICKEN LOANS, LLC, having originated $25,935,000 in loans. In fifth place, with 4.6%, is The First, A National Banking Association, having originated $25,320,000 in loans.
HATTIESBURG, MS Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 39401 | Hattiesburg, MS HUD Metro FMR Area | $630 | $740 | $900 | $1,150 | $1,270 |
| 39402 | Hattiesburg, MS HUD Metro FMR Area | $780 | $930 | $1,120 | $1,430 | $1,590 |
| 39403 | Hattiesburg, MS HUD Metro FMR Area | $620 | $740 | $890 | $1,140 | $1,260 |
| 39404 | Hattiesburg, MS HUD Metro FMR Area | $620 | $740 | $890 | $1,140 | $1,260 |
| 39406 | Hattiesburg, MS HUD Metro FMR Area | $630 | $740 | $900 | $1,150 | $1,270 |
| 39423 | Hattiesburg, MS HUD Metro FMR Area | $620 | $740 | $890 | $1,140 | $1,260 |
| 39425 | Hattiesburg, MS HUD Metro FMR Area | $530 | $660 | $790 | $1,020 | $1,150 |
| 39429 | Hattiesburg, MS HUD Metro FMR Area | $530 | $660 | $790 | $1,020 | $1,150 |
| 39437 | Hattiesburg, MS HUD Metro FMR Area | $580 | $690 | $840 | $1,120 | $1,190 |
| 39455 | Hattiesburg, MS HUD Metro FMR Area | $530 | $660 | $790 | $1,020 | $1,150 |
| 39456 | Hattiesburg, MS HUD Metro FMR Area | $530 | $660 | $790 | $1,020 | $1,150 |
| 39459 | Hattiesburg, MS HUD Metro FMR Area | $620 | $740 | $890 | $1,140 | $1,260 |
| 39462 | Hattiesburg, MS HUD Metro FMR Area | $530 | $660 | $790 | $1,020 | $1,150 |
| 39464 | Hattiesburg, MS HUD Metro FMR Area | $530 | $660 | $790 | $1,020 | $1,150 |
| 39465 | Hattiesburg, MS HUD Metro FMR Area | $680 | $810 | $980 | $1,250 | $1,390 |
| 39475 | Hattiesburg, MS HUD Metro FMR Area | $670 | $800 | $970 | $1,240 | $1,370 |
| 39476 | Hattiesburg, MS HUD Metro FMR Area | $540 | $660 | $790 | $1,020 | $1,150 |
| 39482 | Hattiesburg, MS HUD Metro FMR Area | $610 | $720 | $870 | $1,120 | $1,230 |
| 39577 | Hattiesburg, MS HUD Metro FMR Area | $560 | $660 | $790 | $1,070 | $1,150 |
2022 Average & Median Rent Data Statistics
HATTIESBURG, MS average 1BR rent: $719, median: $720
HATTIESBURG, MS average 2BR rent: $866, median: $870
HATTIESBURG, MS average 3BR rent: $1,117, median: $1,120
HATTIESBURG, MS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,707 | $382,415,000 | $224,028 |
| Refi | 467 | $99,105,000 | $212,216 |
| Other | 282 | $21,160,000 | $75,035 |
| Cash Out Refi | 238 | $33,110,000 | $139,118 |
| Home Improvement | 158 | $11,730,000 | $74,241 |
Hattiesburg's most frequently cited loan purpose was Home Purchase, with 1,707 originations. The 2nd most popular reason was Refi, with 467 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 835 | $190,375,000 | $227,994 |
| Over 8% | 673 | $67,925,000 | $100,929 |
| 7-8% | 615 | $123,965,000 | $201,569 |
| 5-6% | 339 | $103,175,000 | $304,351 |
| <2.5% | 76 | $3,580,000 | $47,105 |
| 3-4% | 55 | $6,455,000 | $117,364 |
| 4-5% | 41 | $6,645,000 | $162,073 |
| 2.5-3% | 5 | $735,000 | $147,000 |
During 2023, Hattiesburg's most frequently originated rate bucket was 6-7%, with 835 originations.
Loan Sizing (HATTIESBURG, MS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 980 | $53,640,000 | $54,735 |
| $100k-200k | 863 | $128,755,000 | $149,195 |
| $200k-400k | 835 | $226,145,000 | $270,832 |
| $400k-600k | 123 | $57,915,000 | $470,854 |
| $600k-1000k | 38 | $27,360,000 | $720,000 |
| $Over $1MM | 13 | $53,705,000 | $4,131,154 |
HATTIESBURG's loan sizing saw the bucket of loans from $100,000 or less with 980 originations, totaling $53,640,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,220 | $278,650,000 | $228,402 |
| 60-80% | 449 | $127,395,000 | $283,731 |
| Under 20% | 338 | $13,110,000 | $38,787 |
| 20-40% | 304 | $25,020,000 | $82,303 |
| 40-60% | 254 | $40,780,000 | $160,551 |
| Over 100% | 61 | $16,535,000 | $271,066 |
HATTIESBURG's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,220 originations, totaling $278,650,000 in origination value.