McComb Mortgage Rates & Closing Costs
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% |
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 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.