McComb 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 Mccomb averaged 7.19% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

    The average rate for the prior week (2023-09-07) was 7.23% and one month ago for the week of 2023-08-10, the average rate was 6.67%.

    Mccomb's average rate one year ago was 6%.

    For refis of the same type during the week of 2023-09-14, the average rate was 7.38%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-14 7.18%
    Mccomb 30 Year Fixed Rate 2023-09-14 7.19%
    Mccomb 30 Year Fixed Rate Refi 2023-09-14 7.38%
    Mccomb 15 Year Fixed Rate 2023-09-14 6.41%
    Mccomb 15 Year Fixed Rate Refi 2023-09-14 6.51%
    Mccomb 30 Year FHA 2023-09-14 6.38%
    Mccomb 30 Year FHA Refi 2023-09-14 6.89%
    Mccomb 30 Year USDA 2023-09-14 7.18%
    Mccomb 30 Year USDA Refi 2023-09-14 6.78%
    Mccomb 30 Year VA 2023-09-14 6.71%
    Mccomb 30 Year VA Refi 2023-09-14 6.71%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within McComb, MS.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FIDELITY BANK 33 4.96% $5,017
    QUICKEN LOANS, LLC 9 4.91% $5,375
    Trustmark National Bank 8 4.86% $3,547
    Regions Bank 7 5.45% $5,068
    ANGEL OAK HOME LOANS LLC 7 4.61% $4,214
    GMFS LLC 7 4.30% $5,271
    Renasant Bank 5 4.57% $4,954
    UNITED WHOLESALE MORTGAGE, LLC 4 5.25% $5,250
    JPMorgan Chase Bank 3 4.92% $2,105
    Mr. Cooper ( Nationstar Mortgage ) 2 6.31% $8,320
    NEWREZ LLC 2 5.75% $4,328
    LOANDEPOT.COM, LLC 2 6.38% $4,692
    Hancock Whitney Bank 2 3.81% $5,208
    CALIBER HOME LOANS, INC. 2 4.98% $4,593
    MOVEMENT MORTGAGE, LLC 1 5.56% $3,964
    NAVY FEDERAL CREDIT UNION 1 5.75% $2,342
    NBH Bank 1 5.88% $5,637
    STOCKTON MORTGAGE CORPORATION 1 5.99% $5,051
    United Community Bank 1 7.89% $3,784
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.25% $5,580
    Wells Fargo Bank 1 3.50% $4,398
    AMERISAVE MORTGAGE CORPORATION 1 3.63% $3,003
    Ameris Bank 1 4.63% $3,719
    BancorpSouth 1 4.00% $3,273
    Bank of America 1 3.50% $3,399
    Bank of England 1 3.25% $12,551
    BankPlus 1 4.50% $4,084
    BETTER MORTGAGE CORPORATION 1 3.38% $4,197
    BROKER SOLUTIONS, INC. 1 6.25% $6,067
    CORNERSTONE HOME LENDING, INC. 1 4.38% $7,410
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $4,316
    First South Farm Credit, ACA 1 4.63% $4,654
    HOME POINT FINANCIAL CORPORATION 1 2.99% $4,982
    Mortgage Research Center, LLC 1 7.38% $1,347

    McComb Average Closing Costs & Other Stats

    McComb, MS's 34 lenders originated 535 loans during 2022. The total origination value was $75,245,000, with an average loan value of $140,645.

    McComb's average closing costs are $5,029.

    The top McComb lender as defined by loan originations is FIDELITY BANK, with 33 loans originated. Their average total fees are $5,017, which is $358 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee McComb lenders (with over 10 loans originated) are FIDELITY BANK ($5,017), .

    The lowest rate McComb lenders (with over 10 loans originated) are FIDELITY BANK (4.96%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    FIDELITY BANK $19,540,000 $12,115,000 -38.0% 16.1%
    Trustmark National Bank $8,185,000 $6,865,000 -16.1% 9.1%
    QUICKEN LOANS, LLC $10,755,000 $4,325,000 -59.8% 5.7%
    First Bank $380,000 $4,255,000 1,019.7% 5.7%
    ANGEL OAK HOME LOANS LLC $3,785,000 $3,750,000 -0.9% 5.0%
    GMFS LLC $1,175,000 $3,180,000 170.6% 4.2%
    Regions Bank $3,080,000 $3,080,000 0.0% 4.1%
    UNITED WHOLESALE MORTGAGE, LLC $4,905,000 $2,115,000 -56.9% 2.8%
    VANDERBILT MORTGAGE AND FINANCE, INC. $2,195,000 $2,050,000 -6.6% 2.7%
    Citizens Bank $1,525,000 $1,630,000 6.9% 2.2%
    Mortgage Research Center, LLC $3,585,000 $1,565,000 -56.3% 2.1%
    Renasant Bank $1,815,000 $1,370,000 -24.5% 1.8%
    Community Bank of Mississippi $2,300,000 $1,350,000 -41.3% 1.8%
    BankPlus $3,940,000 $1,265,000 -67.9% 1.7%
    21ST MORTGAGE CORPORATION $1,465,000 $1,205,000 -17.7% 1.6%
    Wells Fargo Bank $1,370,000 $1,075,000 -21.5% 1.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $965,000 $1,025,000 6.2% 1.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,055,000 $955,000 -9.5% 1.3%
    Flagstar Bank, FSB $650,000 $830,000 27.7% 1.1%
    TRIAD FINANCIAL SERVICES, INC. $310,000 $820,000 164.5% 1.1%
    AMERISAVE MORTGAGE CORPORATION $2,075,000 $815,000 -60.7% 1.1%
    Bank of England $940,000 $745,000 -20.7% 1.0%
    First Guaranty Bank $720,000 n/a 1.0%
    PENNYMAC LOAN SERVICES, LLC $1,245,000 $720,000 -42.2% 1.0%
    First South Farm Credit, ACA $195,000 $705,000 261.5% 0.9%
    Hancock Whitney Bank $405,000 $665,000 64.2% 0.9%
    JPMorgan Chase Bank $730,000 $640,000 -12.3% 0.9%
    LOANDEPOT.COM, LLC $2,070,000 $625,000 -69.8% 0.8%
    SOUTHWEST STAGE FUNDING, LLC $675,000 $620,000 -8.1% 0.8%
    BROKER SOLUTIONS, INC. $375,000 $495,000 32.0% 0.7%
    Stifel Bank and Trust $495,000 n/a 0.7%
    STOCKTON MORTGAGE CORPORATION $475,000 n/a 0.6%
    AMERICAN FINANCIAL RESOURCES, INC. $455,000 n/a 0.6%
    AMERICAN PACIFIC MORTGAGE CORPORATION $260,000 $455,000 75.0% 0.6%
    The Federal Savings Bank $600,000 $455,000 -24.2% 0.6%
    CALIBER HOME LOANS, INC. $485,000 $430,000 -11.3% 0.6%
    BancorpSouth Bank $705,000 $425,000 -39.7% 0.6%
    United Community Bank $425,000 n/a 0.6%
    EVERETT FINANCIAL, INC. $570,000 $415,000 -27.2% 0.6%
    HOMESIDE FINANCIAL, LLC $415,000 n/a 0.6%
    FREEDOM MORTGAGE CORPORATION $1,855,000 $380,000 -79.5% 0.5%
    FIRST COMMUNITY MORTGAGE, INC. $355,000 n/a 0.5%
    CORNERSTONE HOME LENDING, INC. $510,000 $340,000 -33.3% 0.5%
    VILLAGE CAPITAL MORTGAGE $815,000 $335,000 -58.9% 0.4%
    OPEN MORTGAGE, LLC $230,000 $330,000 43.5% 0.4%
    HOME POINT FINANCIAL CORPORATION $545,000 $320,000 -41.3% 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $315,000 n/a 0.4%
    FirstBank $250,000 $305,000 22.0% 0.4%
    Secured Investment Corp. $305,000 n/a 0.4%
    RIVERTRUST Federal Credit Union $285,000 n/a 0.4%
    NBH Bank $275,000 n/a 0.4%
    Carrington Mortgage Services, LLC $505,000 $270,000 -46.5% 0.4%
    Citizens Savings Bank $340,000 $255,000 -25.0% 0.3%
    Bank of America $125,000 $245,000 96.0% 0.3%
    PLANET HOME LENDING, LLC $235,000 n/a 0.3%
    Hometown Lenders, Inc. $75,000 $225,000 200.0% 0.3%
    MOVEMENT MORTGAGE, LLC $235,000 $225,000 -4.3% 0.3%
    NEWREZ LLC $260,000 $225,000 -13.5% 0.3%
    Ameris Bank $215,000 n/a 0.3%
    EMM LOANS LLC $195,000 n/a 0.3%
    EUSTIS AND AMERICAN MORTGAGE COMPANY $195,000 n/a 0.3%
    CSL Financial, LLC $190,000 n/a 0.3%
    Hometown Equity Mortgage, LLC $185,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $125,000 $170,000 36.0% 0.2%
    Gulf Coast Bank and Trust Company $165,000 n/a 0.2%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $470,000 $165,000 -64.9% 0.2%
    Barrington Bank & Trust Company, N.A. $350,000 $155,000 -55.7% 0.2%
    CHEVRON $155,000 n/a 0.2%
    NETWORK CAPITAL FUNDING CORPORATION $155,000 n/a 0.2%
    GUARANTEED RATE, INC. $445,000 $145,000 -67.4% 0.2%
    RELIANCE FIRST CAPITAL, LLC $105,000 $140,000 33.3% 0.2%
    NAVY FEDERAL CREDIT UNION $790,000 $135,000 -82.9% 0.2%
    ACADEMY MORTGAGE CORPORATION $305,000 $125,000 -59.0% 0.2%
    BETTER MORTGAGE CORPORATION $125,000 n/a 0.2%
    CU COMMUNITY, LLC $125,000 n/a 0.2%
    Independent Bank $125,000 n/a 0.2%
    b1BANK $105,000 n/a 0.1%
    Tyndall Federal Credit Union $105,000 n/a 0.1%
    COUNTRYPLACE MORTGAGE, LTD. $95,000 n/a 0.1%
    First Guaranty Mortgage Corporation $300,000 $95,000 -68.3% 0.1%
    NEW DAY FINANCIAL, LLC $55,000 $95,000 72.7% 0.1%
    THE MORTGAGE FIRM, INC. $95,000 n/a 0.1%
    Citibank $85,000 n/a 0.1%
    Flanagan State Bank $150,000 $85,000 -43.3% 0.1%
    GUILD MORTGAGE COMPANY $75,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $65,000 $65,000 0.0% 0.1%
    Figure Lending LLC $65,000 $60,000 -7.7% 0.1%
    Deere Employees Credit Union $125,000 $55,000 -56.0% 0.1%
    Discover Bank $55,000 n/a 0.1%
    SUNBELT Federal Credit Union $25,000 $50,000 100.0% 0.1%
    AMERICAN ADVISORS GROUP $15,000 n/a 0.0%

    McComb's top lender by overall market share is FIDELITY BANK, with 16.1% market share. In second place, with 9.1%, is Trustmark National Bank, having originated $6,865,000 in loans. In third place, with 5.7%, is QUICKEN LOANS, LLC, having originated $4,325,000 in loans. In fourth place, with 5.7%, is First Bank, having originated $4,255,000 in loans. In fifth place, with 5.0%, is ANGEL OAK HOME LOANS LLC, having originated $3,750,000 in loans.

    McComb, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 305 $47,635,000 $156,180
    Refi 117 $13,845,000 $118,333
    Cash Out Refi 63 $9,265,000 $147,063
    Other 27 $2,115,000 $78,333
    Home Improvement 23 $2,385,000 $103,696

    Mccomb's most frequently cited loan purpose was Home Purchase, with 305 originations. The 2nd most popular reason was Refi, with 117 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 105 $16,525,000 $157,381
    4-5% 100 $16,250,000 $162,500
    3-4% 92 $15,720,000 $170,870
    6-7% 61 $8,425,000 $138,115
    Over 8% 40 $3,880,000 $97,000
    <2.5% 38 $3,000,000 $78,947
    2.5-3% 31 $4,565,000 $147,258
    7-8% 18 $1,650,000 $91,667

    During 2022, Mccomb's most frequently originated rate bucket was 5-6%, with 105 originations.

    Loan Sizing (McComb, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 216 $12,650,000 $58,565
    $100k-200k 207 $29,515,000 $142,585
    $200k-400k 96 $25,440,000 $265,000
    $400k-600k 15 $6,995,000 $466,333
    $600k-1000k 1 $645,000 $645,000

    McComb's loan sizing saw the bucket of loans from $100,000 or less with 216 originations, totaling $12,650,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 253 $44,855,000 $177,292
    60-80% 104 $15,530,000 $149,327
    40-60% 56 $5,400,000 $96,429
    Under 20% 33 $865,000 $26,212
    20-40% 28 $2,000,000 $71,429
    Over 100% 7 $965,000 $137,857

    McComb's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 253 originations, totaling $44,855,000 in origination value.