McComb Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Mccomb averaged
5.99%
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
6.15% and
one month ago for the week of 2024-08-29, the
average rate was 6.32%.
Mccomb's average rate one year ago was 7.58%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.72%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Mccomb 30 Year Fixed Rate | 2024-10-03 | 5.99% |
Mccomb 30 Year Fixed Rate Refi | 2024-10-03 | 6.72% |
Mccomb 15 Year Fixed Rate | 2024-10-03 | 5.05% |
Mccomb 15 Year Fixed Rate Refi | 2024-10-03 | 5.85% |
Mccomb 30 Year FHA | 2024-10-03 | 5.79% |
Mccomb 30 Year FHA Refi | 2024-10-03 | 6.09% |
Mccomb 30 Year USDA | 2024-10-03 | 6.17% |
Mccomb 30 Year USDA Refi | 2024-10-03 | 5.87% |
Mccomb 30 Year VA | 2024-10-03 | 5.5% |
Mccomb 30 Year VA Refi | 2024-10-03 | 5.8% |
McComb 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 McComb, 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.).
McComb Average Closing Costs & Other Stats
McComb, MS's 26 lenders originated 421
loans during 2023. The total origination value was $60,715,000, with an average loan value of
$144,216.
McComb's average closing costs are $5,201.
The top McComb lender as defined by loan originations is FIDELITY BANK, with
26 loans originated. Their average total fees are
$5,228, which is $1,872
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee McComb lenders (with over 10 loans originated) are
FIDELITY BANK ($5,228), .
The lowest rate McComb lenders (with over 10 loans originated) are
FIDELITY BANK (6.82%), .
McComb, 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 |
---|---|---|---|---|
FIDELITY BANK | $12,115,000 | $9,620,000 | -20.6% | 15.8% |
Trustmark National Bank | $6,865,000 | $6,815,000 | -0.7% | 11.2% |
QUICKEN LOANS, LLC | $4,325,000 | $4,675,000 | 8.1% | 7.7% |
First Bank | $4,255,000 | $4,510,000 | 6.0% | 7.4% |
Community Bank of Mississippi | $1,350,000 | $3,420,000 | 153.3% | 5.6% |
Regions Bank | $3,080,000 | $3,185,000 | 3.4% | 5.2% |
Mortgage Research Center, LLC | $1,565,000 | $1,955,000 | 24.9% | 3.2% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $2,050,000 | $1,895,000 | -7.6% | 3.1% |
GMFS LLC | $3,180,000 | $1,675,000 | -47.3% | 2.8% |
MORTGAGE INVESTORS GROUP, INC. | $1,505,000 | n/a | 2.5% | |
Citizens Bank | $1,630,000 | $1,405,000 | -13.8% | 2.3% |
The Citizens National Bank of Meridian | $1,370,000 | n/a | 2.3% | |
CROSSCOUNTRY MORTGAGE, LLC | $1,115,000 | n/a | 1.8% | |
UNITED WHOLESALE MORTGAGE, LLC | $2,115,000 | $1,085,000 | -48.7% | 1.8% |
21ST MORTGAGE CORPORATION | $1,205,000 | $1,065,000 | -11.6% | 1.8% |
Renasant Bank | $1,370,000 | $940,000 | -31.4% | 1.5% |
BankPlus | $1,265,000 | $685,000 | -45.8% | 1.1% |
NAVY FEDERAL CREDIT UNION | $135,000 | $610,000 | 351.9% | 1.0% |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $195,000 | $590,000 | 202.6% | 1.0% |
Secured Investment Corp. | $305,000 | $525,000 | 72.1% | 0.9% |
Gulf Coast Bank and Trust Company | $165,000 | $495,000 | 200.0% | 0.8% |
CHURCHILL MORTGAGE CORPORATION | $470,000 | n/a | 0.8% | |
Wells Fargo Bank | $1,075,000 | $455,000 | -57.7% | 0.7% |
MUTUAL OF OMAHA MORTGAGE, INC. | $405,000 | n/a | 0.7% | |
KEESLER | $400,000 | n/a | 0.7% | |
NBKC BANK | $395,000 | n/a | 0.7% | |
CSL Financial, LLC | $190,000 | $390,000 | 105.3% | 0.6% |
Hancock Whitney Bank | $665,000 | $360,000 | -45.9% | 0.6% |
STOCKTON MORTGAGE CORPORATION | $475,000 | $355,000 | -25.3% | 0.6% |
TRIAD FINANCIAL SERVICES, INC. | $820,000 | $350,000 | -57.3% | 0.6% |
First Guaranty Bank | $720,000 | $335,000 | -53.5% | 0.6% |
LOANDEPOT.COM, LLC | $625,000 | $325,000 | -48.0% | 0.5% |
FREEDOM MORTGAGE CORPORATION | $380,000 | $320,000 | -15.8% | 0.5% |
AMERICAN PACIFIC MORTGAGE CORPORATION | $455,000 | $300,000 | -34.1% | 0.5% |
MOVEMENT MORTGAGE, LLC | $225,000 | $270,000 | 20.0% | 0.4% |
OPEN MORTGAGE, LLC | $330,000 | $270,000 | -18.2% | 0.4% |
CIS Financial Services, Inc. | $265,000 | n/a | 0.4% | |
Mr. Cooper ( Nationstar Mortgage ) | $955,000 | $265,000 | -72.3% | 0.4% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,025,000 | $260,000 | -74.6% | 0.4% |
First South Farm Credit, ACA | $705,000 | $255,000 | -63.8% | 0.4% |
SOUTHWEST STAGE FUNDING, LLC | $620,000 | $255,000 | -58.9% | 0.4% |
Flagstar Bank, FSB | $830,000 | $250,000 | -69.9% | 0.4% |
CREDIT HUMAN FEDERAL CREDIT UNION | $65,000 | $240,000 | 269.2% | 0.4% |
JPMorgan Chase Bank | $640,000 | $220,000 | -65.6% | 0.4% |
The First, A National Banking Association | $215,000 | n/a | 0.4% | |
Origin Bank | $195,000 | n/a | 0.3% | |
USAA Federal Savings Bank | $195,000 | n/a | 0.3% | |
SUNBELT Federal Credit Union | $50,000 | $180,000 | 260.0% | 0.3% |
Home Bank | $175,000 | n/a | 0.3% | |
Discover Bank | $55,000 | $170,000 | 209.1% | 0.3% |
Carrington Mortgage Services, LLC | $270,000 | $165,000 | -38.9% | 0.3% |
CONTOUR MORTGAGE CORPORATION | $165,000 | n/a | 0.3% | |
Barrington Bank & Trust Company, N.A. | $155,000 | $155,000 | 0.0% | 0.3% |
Capital Bank | $145,000 | n/a | 0.2% | |
Citizens Savings Bank | $255,000 | $140,000 | -45.1% | 0.2% |
Bank of England | $745,000 | $135,000 | -81.9% | 0.2% |
United Community Bank | $425,000 | $135,000 | -68.2% | 0.2% |
VELOCITY COMMERCIAL CAPITAL, LLC | $135,000 | n/a | 0.2% | |
ZILLOW HOME LOANS, LLC | $135,000 | n/a | 0.2% | |
FIRST COMMUNITY MORTGAGE, INC. | $355,000 | $125,000 | -64.8% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $815,000 | $115,000 | -85.9% | 0.2% |
CORNERSTONE HOME LENDING, INC. | $340,000 | $115,000 | -66.2% | 0.2% |
Grand Bank for Savings, FSB | $115,000 | n/a | 0.2% | |
FINANCE OF AMERICA REVERSE LLC | $110,000 | n/a | 0.2% | |
Equity Prime Mortgage LLC | $105,000 | n/a | 0.2% | |
FIRST COLONY MORTGAGE CORPORATION | $105,000 | n/a | 0.2% | |
MID AMERICA MORTGAGE, INC. | $95,000 | n/a | 0.2% | |
SWBC MORTGAGE CORPORATION | $95,000 | n/a | 0.2% | |
AMERICAN HERITAGE LENDING, INC. | $85,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $95,000 | $85,000 | -10.5% | 0.1% |
SUPERIOR CHOICE | $85,000 | n/a | 0.1% | |
FirstBank | $305,000 | $75,000 | -75.4% | 0.1% |
RELIANCE FIRST CAPITAL, LLC | $140,000 | $75,000 | -46.4% | 0.1% |
The Peoples Bank, Biloxi, Mississippi | $65,000 | n/a | 0.1% | |
Landmark Bank | $25,000 | n/a | 0.0% |
McComb's top lender by overall market share is FIDELITY BANK, with 15.8% market share. In second place, with 11.2%, is Trustmark National Bank, having originated $6,815,000 in loans. In third place, with 7.7%, is QUICKEN LOANS, LLC, having originated $4,675,000 in loans. In fourth place, with 7.4%, is First Bank, having originated $4,510,000 in loans. In fifth place, with 5.6%, is Community Bank of Mississippi, having originated $3,420,000 in loans.
McComb Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - McComb (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $129,000 (-8.2%) | $166,097 (-6.8%) | 0.00 | 205 |
2018-02-01 | $125,000 (-11.7%) | $165,319 (-6.0%) | 0.00 | 204 |
2018-03-01 | $120,900 (-19.4%) | $158,267 (-12.0%) | 0.00 | 215 |
2018-04-01 | $119,900 (-19.5%) | $159,152 (-11.0%) | 0.00 | 227 |
2018-05-01 | $115,725 (-18.8%) | $151,984 (-15.1%) | 0.00 | 228 |
2018-06-01 | $119,950 (-14.3%) | $156,600 (-11.4%) | 0.00 | 242 |
2018-07-01 | $124,450 (-10.1%) | $164,775 (-4.5%) | 0.00 | 254 |
2018-08-01 | $122,450 (-12.5%) | $165,346 (-6.6%) | 0.00 | 257 |
2018-09-01 | $124,450 (-4.2%) | $164,548 (-2.4%) | 0.00 | 265 |
2018-10-01 | $120,875 (-7.9%) | $165,569 (-2.0%) | 0.00 | 262 |
2018-11-01 | $119,600 (-7.5%) | $166,565 (-1.5%) | 0.00 | 258 |
2018-12-01 | $123,500 (-6.3%) | $169,838 (-1.3%) | 0.00 | 260 |
2019-01-01 | $119,750 (-7.2%) | $169,368 (2.0%) | 0.00 | 247 |
2019-02-01 | $126,850 (1.5%) | $171,827 (3.9%) | 0.00 | 247 |
2019-03-01 | $129,214 (6.9%) | $173,329 (9.5%) | 0.00 | 234 |
2019-04-01 | $129,214 (7.8%) | $171,266 (7.6%) | 0.00 | 223 |
2019-05-01 | $129,075 (11.5%) | $169,570 (11.6%) | 0.00 | 217 |
2019-06-01 | $129,700 (8.1%) | $171,319 (9.4%) | 0.00 | 201 |
2019-07-01 | $120,000 (-3.6%) | $165,807 (0.6%) | 0.00 | 200 |
2019-08-01 | $122,509 (0.1%) | $168,534 (1.9%) | 0.00 | 199 |
2019-09-01 | $126,273 (1.5%) | $171,374 (4.2%) | 0.00 | 195 |
2019-10-01 | $128,782 (6.5%) | $175,448 (6.0%) | 0.00 | 187 |
2019-11-01 | $125,000 (4.5%) | $174,890 (5.0%) | 0.00 | 182 |
2019-12-01 | $125,000 (1.2%) | $173,847 (2.4%) | 0.00 | 186 |
2020-01-01 | $124,950 (4.3%) | $174,308 (2.9%) | 0.00 | 181 |
2020-02-01 | $125,000 (-1.5%) | $177,146 (3.1%) | 0.00 | 180 |
2020-03-01 | $131,625 (1.9%) | $184,408 (6.4%) | 0.00 | 178 |
2020-04-01 | $129,950 (0.6%) | $184,452 (7.7%) | 0.00 | 174 |
2020-05-01 | $130,000 (0.7%) | $183,893 (8.5%) | 0.00 | 159 |
2020-06-01 | $129,250 (-0.4%) | $183,608 (7.2%) | 0.00 | 155 |
2020-07-01 | $129,700 (8.1%) | $187,984 (13.4%) | 0.00 | 139 |
2020-08-01 | $129,900 (6.0%) | $190,015 (12.8%) | 0.00 | 143 |
2020-09-01 | $149,900 (18.7%) | $208,916 (21.9%) | 0.00 | 132 |
2020-10-01 | $149,900 (16.4%) | $212,579 (21.2%) | 0.00 | 124 |
2020-11-01 | $152,000 (21.6%) | $215,841 (23.4%) | 0.00 | 121 |
2020-12-01 | $153,500 (22.8%) | $222,085 (27.8%) | 0.00 | 109 |
2021-01-01 | $168,000 (34.5%) | $229,842 (31.9%) | 0.00 | 105 |
2021-02-01 | $169,500 (35.6%) | $232,377 (31.2%) | 0.00 | 94 |
2021-03-01 | $192,200 (46.0%) | $252,734 (37.1%) | 0.00 | 81 |
2021-04-01 | $192,475 (48.1%) | $276,536 (49.9%) | 0.00 | 69 |
2021-05-01 | $175,000 (34.6%) | $265,771 (44.5%) | 0.00 | 61 |
2021-06-01 | $175,000 (35.4%) | $267,881 (45.9%) | 0.00 | 69 |
2021-07-01 | $169,000 (30.3%) | $244,320 (30.0%) | 0.00 | 74 |
2021-08-01 | $149,900 (15.4%) | $231,497 (21.8%) | 0.00 | 74 |
2021-09-01 | $139,475 (-7.0%) | $225,616 (8.0%) | 0.00 | 78 |
2021-10-01 | $154,450 (3.0%) | $237,837 (11.9%) | 0.00 | 81 |
2021-11-01 | $180,000 (18.4%) | $253,420 (17.4%) | 0.00 | 70 |
2021-12-01 | $189,750 (23.6%) | $258,412 (16.4%) | 0.00 | 69 |
2022-01-01 | $175,000 (4.2%) | $248,041 (7.9%) | 0.00 | 64 |
2022-02-01 | $179,500 (5.9%) | $266,295 (14.6%) | 0.00 | 51 |
2022-03-01 | $173,425 (-9.8%) | $266,341 (5.4%) | 0.00 | 51 |
2022-04-01 | $175,000 (-9.1%) | $270,012 (-2.4%) | 0.00 | 41 |
2022-05-01 | $171,825 (-1.8%) | $255,388 (-3.9%) | 0.00 | 55 |
2022-06-01 | $174,375 (-0.4%) | $243,010 (-9.3%) | 0.00 | 68 |
2022-07-01 | $188,485 (11.5%) | $239,970 (-1.8%) | 0.00 | 66 |
2022-08-01 | $194,900 (30.0%) | $252,034 (8.9%) | 0.00 | 65 |
2022-09-01 | $194,725 (39.6%) | $344,588 (52.7%) | 0.00 | 69 |
2022-10-01 | $189,500 (22.7%) | $315,168 (32.5%) | 0.00 | 82 |
2022-11-01 | $186,375 (3.5%) | $293,260 (15.7%) | 0.00 | 85 |
2022-12-01 | $189,500 (-0.1%) | $269,839 (4.4%) | 0.00 | 87 |
2023-01-01 | $174,175 (-0.5%) | $271,286 (9.4%) | 0.00 | 82 |
2023-02-01 | $164,250 (-8.5%) | $248,712 (-6.6%) | 0.00 | 83 |
2023-03-01 | $166,825 (-3.8%) | $257,316 (-3.4%) | 0.00 | 84 |
2023-04-01 | $170,000 (-2.9%) | $255,541 (-5.4%) | 0.00 | 88 |
2023-05-01 | $169,225 (-1.5%) | $242,958 (-4.9%) | 0.00 | 93 |
2023-06-01 | $178,625 (2.4%) | $240,068 (-1.2%) | 0.00 | 94 |
2023-07-01 | $190,950 (1.3%) | $246,399 (2.7%) | 0.00 | 94 |
2023-08-01 | $180,725 (-7.3%) | $234,429 (-7.0%) | 0.00 | 95 |
2023-09-01 | $166,750 (-14.4%) | $217,981 (-36.7%) | 0.00 | 101 |
2023-10-01 | $165,000 (-12.9%) | $214,631 (-31.9%) | 0.00 | 102 |
2023-11-01 | $178,675 (-4.1%) | $223,263 (-23.9%) | 0.00 | 106 |
2023-12-01 | $175,000 (-7.7%) | $223,390 (-17.2%) | 0.00 | 101 |
2024-01-01 | $173,725 (-0.3%) | $229,279 (-15.5%) | 0.00 | 99 |
2024-02-01 | $179,900 (9.5%) | $244,709 (-1.6%) | 0.00 | 91 |
2024-03-01 | $197,250 (18.2%) | $237,129 (-7.8%) | 0.00 | 86 |
2024-04-01 | $191,125 (12.4%) | $236,115 (-7.6%) | 0.00 | 80 |
2024-05-01 | $199,000 (17.6%) | $250,621 (3.2%) | 0.00 | 78 |
2024-06-01 | $185,000 (3.6%) | $239,507 (-0.2%) | 0.00 | 74 |
2024-07-01 | $219,625 (15.0%) | $252,732 (2.6%) | 0.00 | 82 |
2024-08-01 | $214,250 (18.6%) | $243,124 (3.7%) | 0.00 | 85 |
2024-09-01 | $199,125 (19.4%) | $229,497 (5.3%) | 0.00 | 82 |
McComb's median listing price comes in at 0% of the national average.
McComb's average listing price for 2024-09-01 was $229,497, a difference of $11,516 (5.3%) versus the prior year and $-13,627 versus the prior month.
For the 2024-09-01 period, McComb had 82 MLS listings, a difference of -3 listings (-4%) versus the prior month and -19 listings (-19%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - McComb (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,936 sqft |
2018-02-01 | 0 days | 1,940 sqft |
2018-03-01 | 0 days | 1,900 sqft |
2018-04-01 | 0 days | 1,906 sqft |
2018-05-01 | 0 days | 1,903 sqft |
2018-06-01 | 0 days | 1,907 sqft |
2018-07-01 | 0 days | 1,929 sqft |
2018-08-01 | 0 days | 1,927 sqft |
2018-09-01 | 0 days | 1,901 sqft |
2018-10-01 | 0 days | 1,888 sqft |
2018-11-01 | 0 days | 1,870 sqft |
2018-12-01 | 0 days | 1,872 sqft |
2019-01-01 | 0 days | 1,883 sqft |
2019-02-01 | 0 days | 1,881 sqft |
2019-03-01 | 0 days | 1,875 sqft |
2019-04-01 | 0 days | 1,856 sqft |
2019-05-01 | 0 days | 1,843 sqft |
2019-06-01 | 0 days | 1,840 sqft |
2019-07-01 | 0 days | 1,810 sqft |
2019-08-01 | 0 days | 1,818 sqft |
2019-09-01 | 0 days | 1,830 sqft |
2019-10-01 | 0 days | 1,861 sqft |
2019-11-01 | 0 days | 1,894 sqft |
2019-12-01 | 0 days | 1,892 sqft |
2020-01-01 | 0 days | 1,891 sqft |
2020-02-01 | 0 days | 1,895 sqft |
2020-03-01 | 0 days | 1,894 sqft |
2020-04-01 | 0 days | 1,892 sqft |
2020-05-01 | 0 days | 1,896 sqft |
2020-06-01 | 0 days | 1,920 sqft |
2020-07-01 | 0 days | 1,972 sqft |
2020-08-01 | 0 days | 1,999 sqft |
2020-09-01 | 0 days | 2,149 sqft |
2020-10-01 | 0 days | 2,118 sqft |
2020-11-01 | 0 days | 2,144 sqft |
2020-12-01 | 0 days | 2,187 sqft |
2021-01-01 | 0 days | 2,256 sqft |
2021-02-01 | 0 days | 2,219 sqft |
2021-03-01 | 0 days | 2,251 sqft |
2021-04-01 | 0 days | 2,246 sqft |
2021-05-01 | 0 days | 2,120 sqft |
2021-06-01 | 0 days | 2,268 sqft |
2021-07-01 | 0 days | 2,004 sqft |
2021-08-01 | 0 days | 1,940 sqft |
2021-09-01 | 0 days | 1,900 sqft |
2021-10-01 | 0 days | 2,004 sqft |
2021-11-01 | 0 days | 2,009 sqft |
2021-12-01 | 0 days | 2,132 sqft |
2022-01-01 | 0 days | 2,417 sqft |
2022-02-01 | 0 days | 2,159 sqft |
2022-03-01 | 0 days | 2,012 sqft |
2022-04-01 | 0 days | 2,008 sqft |
2022-05-01 | 0 days | 2,022 sqft |
2022-06-01 | 0 days | 2,003 sqft |
2022-07-01 | 0 days | 2,000 sqft |
2022-08-01 | 0 days | 2,000 sqft |
2022-09-01 | 0 days | 2,035 sqft |
2022-10-01 | 0 days | 2,014 sqft |
2022-11-01 | 0 days | 2,006 sqft |
2022-12-01 | 0 days | 2,004 sqft |
2023-01-01 | 0 days | 2,014 sqft |
2023-02-01 | 0 days | 2,011 sqft |
2023-03-01 | 0 days | 2,015 sqft |
2023-04-01 | 0 days | 2,069 sqft |
2023-05-01 | 0 days | 2,014 sqft |
2023-06-01 | 0 days | 2,052 sqft |
2023-07-01 | 0 days | 2,030 sqft |
2023-08-01 | 0 days | 2,033 sqft |
2023-09-01 | 0 days | 1,906 sqft |
2023-10-01 | 0 days | 1,913 sqft |
2023-11-01 | 0 days | 1,946 sqft |
2023-12-01 | 0 days | 1,953 sqft |
2024-01-01 | 0 days | 1,894 sqft |
2024-02-01 | 0 days | 1,885 sqft |
2024-03-01 | 0 days | 1,936 sqft |
2024-04-01 | 0 days | 1,985 sqft |
2024-05-01 | 0 days | 2,145 sqft |
2024-06-01 | 0 days | 2,200 sqft |
2024-07-01 | 0 days | 2,247 sqft |
2024-08-01 | 0 days | 2,138 sqft |
2024-09-01 | 0 days | 2,035 sqft |
McComb's median square footage for active listings during the 2024-09-01 period was 2,035 sqft. One year prior, the average listing was 1,906 sqft.
McComb, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 260 | $42,120,000 | $162,000 |
Refi | 84 | $10,710,000 | $127,500 |
Other | 32 | $2,200,000 | $68,750 |
Cash Out Refi | 29 | $4,675,000 | $161,207 |
Home Improvement | 16 | $1,010,000 | $63,125 |
Mccomb's most frequently cited loan purpose was Home Purchase, with 260 originations. The 2nd most popular reason was Refi, with 84 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
Over 8% | 114 | $12,880,000 | $112,982 |
6-7% | 108 | $18,240,000 | $168,889 |
7-8% | 88 | $16,320,000 | $185,455 |
5-6% | 43 | $7,125,000 | $165,698 |
<2.5% | 6 | $410,000 | $68,333 |
3-4% | 2 | $250,000 | $125,000 |
2.5-3% | 2 | $170,000 | $85,000 |
4-5% | 1 | $245,000 | $245,000 |
During 2023, Mccomb's most frequently originated rate bucket was Over 8%, with 114 originations.
Loan Sizing (McComb, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 185 | $10,755,000 | $58,135 |
$100k-200k | 152 | $21,710,000 | $142,829 |
$200k-400k | 72 | $18,620,000 | $258,611 |
$600k-1000k | 6 | $4,360,000 | $726,667 |
$400k-600k | 3 | $1,365,000 | $455,000 |
$Over $1MM | 3 | $3,905,000 | $1,301,667 |
McComb's loan sizing saw the bucket of loans from $100,000 or less with 185 originations, totaling $10,755,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 190 | $32,130,000 | $169,105 |
60-80% | 63 | $11,035,000 | $175,159 |
40-60% | 39 | $3,515,000 | $90,128 |
20-40% | 37 | $6,125,000 | $165,541 |
Under 20% | 19 | $655,000 | $34,474 |
Over 100% | 10 | $1,660,000 | $166,000 |
McComb's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 190 originations, totaling $32,130,000 in origination value.