Natchez Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Natchez averaged
6.62%
for the week of 2023-03-16, compared to the national average of
6.6% for the same period.
The average rate for the prior week (2023-03-09) was
7.05% and
one month ago for the week of 2023-02-09, the
average rate was 6.54%.
Natchez's average rate one year ago was 3.87%.
For refis of the same type during the week of 2023-03-16, the average rate
was 6.59%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-03-16 | 6.6% |
Natchez 30 Year Fixed Rate | 2023-03-16 | 6.62% |
Natchez 30 Year Fixed Rate Refi | 2023-03-16 | 6.59% |
Natchez 15 Year Fixed Rate | 2023-03-16 | 7.02% |
Natchez 15 Year Fixed Rate Refi | 2023-03-16 | 5.89% |
Natchez 30 Year FHA | 2023-03-16 | 6.62% |
Natchez 30 Year FHA Refi | 2023-03-16 | 6.55% |
Natchez 30 Year USDA | 2023-03-16 | 6.47% |
Natchez 30 Year USDA Refi | 2023-03-16 | 6.32% |
Natchez 30 Year VA | 2023-03-16 | 6.78% |
Natchez 30 Year VA Refi | 2023-03-16 | 6.02% |
Natchez 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 Natchez, MS-LA 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.).
Natchez Average Closing Costs & Other Stats
Natchez, MS-LA's 51 lenders originated 838
loans during 2021. The total origination value was $135,220,000, with an average loan value of
$161,360.
Natchez's average closing costs are $4,652.
The top Natchez lender as defined by loan originations is GMFS LLC, with
44 loans originated. Their average total fees are
$3,546, which is $416
lower than the next largest lender,
FIDELITY BANK.
The lowest fee Natchez lenders (with over 10 loans originated) are
Hamilton Mortgage Corporation ($3,076), GMFS LLC ($3,546), FIDELITY BANK ($3,962), ANGEL OAK HOME LOANS LLC ($4,327) and QUICKEN LOANS, LLC ($5,052).
The lowest rate Natchez lenders (with over 10 loans originated) are
Hamilton Mortgage Corporation (3.08%), QUICKEN LOANS, LLC (3.11%), GMFS LLC (3.15%), FIDELITY BANK (3.16%) and ANGEL OAK HOME LOANS LLC (3.30%).
Natchez, MS-LA 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 | 2020 Loan Value | 2021 Loan Value | % Change | 2021 Market Share |
---|---|---|---|---|
GMFS LLC | $11,395,000 | $18,520,000 | 62.5% | 13.7% |
Concordia Bank and Trust Company | $13,140,000 | $16,000,000 | 21.8% | 11.8% |
ANGEL OAK HOME LOANS LLC | $14,570,000 | n/a | 10.8% | |
QUICKEN LOANS, LLC | $13,275,000 | $13,515,000 | 1.8% | 10.0% |
FIDELITY BANK | $13,755,000 | $9,020,000 | -34.4% | 6.7% |
Hamilton Mortgage Corporation | $6,880,000 | $4,395,000 | -36.1% | 3.3% |
UNITED WHOLESALE MORTGAGE, LLC | $1,880,000 | $3,175,000 | 68.9% | 2.3% |
Regions Bank | $2,245,000 | $2,920,000 | 30.1% | 2.2% |
Flagstar Bank, FSB | $645,000 | $2,210,000 | 242.6% | 1.6% |
PENNYMAC LOAN SERVICES, LLC | $640,000 | $1,965,000 | 207.0% | 1.5% |
LOANDEPOT.COM, LLC | $1,595,000 | $1,905,000 | 19.4% | 1.4% |
JPMorgan Chase Bank | $380,000 | $1,900,000 | 400.0% | 1.4% |
Peoples Bank & Trust Company of Pointe Coupee Parish, Inc | $1,805,000 | n/a | 1.3% | |
Home Bank | $1,115,000 | $1,790,000 | 60.5% | 1.3% |
21ST MORTGAGE CORPORATION | $2,430,000 | $1,715,000 | -29.4% | 1.3% |
Mortgage Research Center, LLC | $1,780,000 | $1,690,000 | -5.1% | 1.2% |
Mr. Cooper ( Nationstar Mortgage ) | $995,000 | $1,590,000 | 59.8% | 1.2% |
AMERISAVE MORTGAGE CORPORATION | $1,290,000 | $1,500,000 | 16.3% | 1.1% |
Flanagan State Bank | $960,000 | $1,410,000 | 46.9% | 1.0% |
HOME POINT FINANCIAL CORPORATION | $455,000 | $1,230,000 | 170.3% | 0.9% |
Trustmark National Bank | $490,000 | $1,110,000 | 126.5% | 0.8% |
CRESCENT MORTGAGE COMPANY | $2,285,000 | $1,105,000 | -51.6% | 0.8% |
NAVY FEDERAL CREDIT UNION | $375,000 | $1,085,000 | 189.3% | 0.8% |
FREEDOM MORTGAGE CORPORATION | $1,920,000 | $985,000 | -48.7% | 0.7% |
MORTGAGE FINANCIAL SERVICES, LLC | $575,000 | $915,000 | 59.1% | 0.7% |
BROKER SOLUTIONS, INC. | $905,000 | n/a | 0.7% | |
Wells Fargo Bank | $560,000 | $885,000 | 58.0% | 0.7% |
CALIBER HOME LOANS, INC. | $190,000 | $860,000 | 352.6% | 0.6% |
Community Bank of Mississippi | $1,300,000 | $820,000 | -36.9% | 0.6% |
NEWREZ LLC | $815,000 | n/a | 0.6% | |
Assurance Financial Group, L.L.C. | $1,165,000 | $675,000 | -42.1% | 0.5% |
TOWNE MORTGAGE COMPANY | $385,000 | $665,000 | 72.7% | 0.5% |
VANDERBILT MORTGAGE AND FINANCE, INC. | $325,000 | $630,000 | 93.8% | 0.5% |
Red River Bank | $185,000 | $620,000 | 235.1% | 0.5% |
Progressive Bank | $935,000 | $560,000 | -40.1% | 0.4% |
American Airlines Federal Credit Union | $545,000 | n/a | 0.4% | |
PLANET HOME LENDING, LLC | $135,000 | $525,000 | 288.9% | 0.4% |
Guaranty Bank & Trust Company of Delhi, Louisiana | $520,000 | n/a | 0.4% | |
GUARANTY HOME MORTGAGE CORPORATION | $265,000 | $520,000 | 96.2% | 0.4% |
BETTER MORTGAGE CORPORATION | $255,000 | $510,000 | 100.0% | 0.4% |
KeyBank | $475,000 | n/a | 0.4% | |
Origin Bank | $1,160,000 | $470,000 | -59.5% | 0.3% |
PNC Bank | $450,000 | n/a | 0.3% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $450,000 | n/a | 0.3% | |
SOUTHWEST STAGE FUNDING, LLC | $65,000 | $420,000 | 546.2% | 0.3% |
UNITED BUILT HOMES, L.L.C. | $420,000 | n/a | 0.3% | |
Prosperity Bank | $405,000 | n/a | 0.3% | |
CORNERSTONE HOME LENDING, INC. | $395,000 | n/a | 0.3% | |
Southern Heritage Bank | $470,000 | $390,000 | -17.0% | 0.3% |
VILLAGE CAPITAL & INVESTMENT LLC | $155,000 | $390,000 | 151.6% | 0.3% |
Paramount Residential Mortgage Group, Inc. | $385,000 | n/a | 0.3% | |
BankPlus | $325,000 | $380,000 | 16.9% | 0.3% |
FBT Mortgage, L.L.C. | $375,000 | n/a | 0.3% | |
Bank of America | $895,000 | $370,000 | -58.7% | 0.3% |
Citizens Bank | $370,000 | n/a | 0.3% | |
Reliant Bank | $205,000 | $345,000 | 68.3% | 0.3% |
NEW DAY FINANCIAL, LLC | $605,000 | $335,000 | -44.6% | 0.2% |
STANDARD MORTGAGE CORPORATION | $520,000 | $335,000 | -35.6% | 0.2% |
Barrington Bank & Trust Company, N.A. | $55,000 | $330,000 | 500.0% | 0.2% |
AMERICAN FINANCIAL NETWORK, INC. | $320,000 | n/a | 0.2% | |
Copiah Bank | $320,000 | n/a | 0.2% | |
EUSTIS AND AMERICAN MORTGAGE COMPANY | $175,000 | $315,000 | 80.0% | 0.2% |
GUILD MORTGAGE COMPANY | $105,000 | $300,000 | 185.7% | 0.2% |
ACADEMY MORTGAGE CORPORATION | $295,000 | n/a | 0.2% | |
CHEVRON | $285,000 | n/a | 0.2% | |
EVANSVILLE TEACHERS | $285,000 | n/a | 0.2% | |
North American Savings Bank, F.S.B. | $285,000 | n/a | 0.2% | |
U.S. Bank | $285,000 | n/a | 0.2% | |
ROYAL UNITED MORTGAGE LLC | $275,000 | $270,000 | -1.8% | 0.2% |
SUMMIT FUNDING, INC. | $260,000 | n/a | 0.2% | |
Gateway First Bank | $345,000 | $255,000 | -26.1% | 0.2% |
OPEN MORTGAGE, LLC | $255,000 | n/a | 0.2% | |
TRIAD FINANCIAL SERVICES, INC. | $145,000 | $235,000 | 62.1% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $195,000 | $225,000 | 15.4% | 0.2% |
FIRST COMMUNITY MORTGAGE, INC. | $550,000 | $225,000 | -59.1% | 0.2% |
USAA Federal Savings Bank | $885,000 | $220,000 | -75.1% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $225,000 | $215,000 | -4.4% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $215,000 | n/a | 0.2% | |
BancorpSouth Bank | $155,000 | $205,000 | 32.3% | 0.2% |
Eagle Bank and Trust Company | $195,000 | n/a | 0.1% | |
RUOFF MORTGAGE COMPANY, INC. | $195,000 | n/a | 0.1% | |
Synovus Bank | $360,000 | $195,000 | -45.8% | 0.1% |
Carrington Mortgage Services, LLC | $190,000 | n/a | 0.1% | |
Chicago Mortgage Solutions LLC | $165,000 | n/a | 0.1% | |
Deere Employees Credit Union | $160,000 | n/a | 0.1% | |
Low VA Rates, LLC | $155,000 | n/a | 0.1% | |
Nations Lending Corporation | $155,000 | n/a | 0.1% | |
Paramount Bank | $155,000 | n/a | 0.1% | |
AMERICAN FINANCIAL RESOURCES, INC. | $145,000 | n/a | 0.1% | |
MMS MORTGAGE SERVICES, LTD. | $145,000 | n/a | 0.1% | |
MOVEMENT MORTGAGE, LLC | $145,000 | n/a | 0.1% | |
SOFI LENDING CORP. | $145,000 | n/a | 0.1% | |
Discover Bank | $240,000 | $140,000 | -41.7% | 0.1% |
Hancock Whitney Bank | $265,000 | $135,000 | -49.1% | 0.1% |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $245,000 | $135,000 | -44.9% | 0.1% |
LAKEVIEW LOAN SERVICING, LLC | $345,000 | $135,000 | -60.9% | 0.1% |
PLAZA HOME MORTGAGE, INC. | $135,000 | n/a | 0.1% | |
FirstBank | $130,000 | n/a | 0.1% | |
BOKF | $115,000 | n/a | 0.1% | |
FIRST SOUTH FINANCIAL | $115,000 | n/a | 0.1% | |
Pelican State Credit Union | $115,000 | n/a | 0.1% | |
SPRING EQ, LLC | $115,000 | n/a | 0.1% | |
PHH Mortgage Corporation | $105,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $105,000 | n/a | 0.1% | |
Sabine State Bank and Trust Company | $85,000 | $105,000 | 23.5% | 0.1% |
MUTUAL | $95,000 | n/a | 0.1% | |
CREDIT HUMAN FEDERAL CREDIT UNION | $160,000 | $85,000 | -46.9% | 0.1% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $525,000 | $85,000 | -83.8% | 0.1% |
First Guaranty Mortgage Corporation | $85,000 | n/a | 0.1% | |
RED RIVER EMPLOYEES | $85,000 | n/a | 0.1% | |
Citibank | $65,000 | n/a | 0.0% | |
CSL Financial, LLC | $120,000 | $55,000 | -54.2% | 0.0% |
1st Franklin Financial Corporation | $35,000 | n/a | 0.0% | |
Secured Investment Corp. | $35,000 | n/a | 0.0% | |
b1BANK | $25,000 | n/a | 0.0% |
Natchez's top lender by overall market share is GMFS LLC, with 13.7% market share. In second place, with 11.8%, is Concordia Bank and Trust Company, having originated $16,000,000 in loans. In third place, with 10.8%, is ANGEL OAK HOME LOANS LLC, having originated $14,570,000 in loans. In fourth place, with 10.0%, is QUICKEN LOANS, LLC, having originated $13,515,000 in loans. In fifth place, with 6.7%, is FIDELITY BANK, having originated $9,020,000 in loans.
Natchez Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Natchez (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 | $190,475 (24.0%) | $248,508 (-1.0%) | 0.00 | 278 |
2018-02-01 | $189,700 (26.5%) | $247,749 (-0.3%) | 0.00 | 291 |
2018-03-01 | $185,000 (23.4%) | $244,350 (-0.1%) | 0.00 | 310 |
2018-04-01 | $184,500 (16.0%) | $249,798 (3.0%) | 0.00 | 335 |
2018-05-01 | $183,475 (6.0%) | $246,035 (-4.7%) | 0.00 | 328 |
2018-06-01 | $178,000 (0.6%) | $245,255 (-3.2%) | 0.00 | 358 |
2018-07-01 | $169,725 (-2.9%) | $245,343 (1.0%) | 0.00 | 375 |
2018-08-01 | $168,250 (-6.4%) | $248,584 (-0.5%) | 0.00 | 365 |
2018-09-01 | $170,500 (-7.8%) | $258,379 (4.8%) | 0.00 | 362 |
2018-10-01 | $179,000 (5.3%) | $265,651 (9.0%) | 0.00 | 356 |
2018-11-01 | $168,250 (-10.7%) | $259,602 (3.5%) | 0.00 | 351 |
2018-12-01 | $169,000 (-11.0%) | $264,958 (6.9%) | 0.00 | 328 |
2019-01-01 | $169,900 (-10.8%) | $261,214 (5.1%) | 0.00 | 306 |
2019-02-01 | $183,250 (-3.4%) | $261,921 (5.7%) | 0.00 | 310 |
2019-03-01 | $189,814 (2.6%) | $271,127 (11.0%) | 0.00 | 318 |
2019-04-01 | $189,900 (2.9%) | $275,668 (10.4%) | 0.00 | 334 |
2019-05-01 | $189,000 (3.0%) | $264,524 (7.5%) | 0.00 | 354 |
2019-06-01 | $185,500 (4.2%) | $264,812 (8.0%) | 0.00 | 362 |
2019-07-01 | $186,125 (9.7%) | $267,101 (8.9%) | 0.00 | 371 |
2019-08-01 | $182,136 (8.3%) | $250,920 (0.9%) | 0.00 | 365 |
2019-09-01 | $177,841 (4.3%) | $245,264 (-5.1%) | 0.00 | 359 |
2019-10-01 | $174,500 (-2.5%) | $240,730 (-9.4%) | 0.00 | 353 |
2019-11-01 | $177,000 (5.2%) | $242,399 (-6.6%) | 0.00 | 348 |
2019-12-01 | $174,875 (3.5%) | $240,579 (-9.2%) | 0.00 | 349 |
2020-01-01 | $175,500 (3.3%) | $240,266 (-8.0%) | 0.00 | 343 |
2020-02-01 | $183,250 (0.0%) | $242,167 (-7.5%) | 0.00 | 356 |
2020-03-01 | $187,750 (-1.1%) | $249,256 (-8.1%) | 0.00 | 350 |
2020-04-01 | $188,500 (-0.7%) | $246,660 (-10.5%) | 0.00 | 320 |
2020-05-01 | $185,000 (-2.1%) | $248,338 (-6.1%) | 0.00 | 302 |
2020-06-01 | $195,750 (5.5%) | $258,180 (-2.5%) | 0.00 | 305 |
2020-07-01 | $196,500 (5.6%) | $257,831 (-3.5%) | 0.00 | 305 |
2020-08-01 | $193,000 (6.0%) | $248,382 (-1.0%) | 0.00 | 313 |
2020-09-01 | $186,250 (4.7%) | $248,185 (1.2%) | 0.00 | 318 |
2020-10-01 | $186,500 (6.9%) | $260,440 (8.2%) | 0.00 | 311 |
2020-11-01 | $189,250 (6.9%) | $270,350 (11.5%) | 0.00 | 282 |
2020-12-01 | $187,500 (7.2%) | $265,284 (10.3%) | 0.00 | 279 |
2021-01-01 | $191,000 (8.8%) | $278,838 (16.1%) | 0.00 | 256 |
2021-02-01 | $194,375 (6.1%) | $284,281 (17.4%) | 0.00 | 238 |
2021-03-01 | $187,500 (-0.1%) | $288,226 (15.6%) | 0.00 | 194 |
2021-04-01 | $180,000 (-4.5%) | $286,302 (16.1%) | 0.00 | 177 |
2021-05-01 | $179,000 (-3.2%) | $287,890 (15.9%) | 0.00 | 173 |
2021-06-01 | $184,438 (-5.8%) | $289,923 (12.3%) | 0.00 | 175 |
2021-07-01 | $187,000 (-4.8%) | $306,749 (19.0%) | 0.00 | 183 |
2021-08-01 | $187,500 (-2.9%) | $302,217 (21.7%) | 0.00 | 187 |
2021-09-01 | $199,000 (6.9%) | $315,473 (27.1%) | 0.00 | 168 |
2021-10-01 | $195,000 (4.6%) | $311,609 (19.7%) | 0.00 | 148 |
2021-11-01 | $185,000 (-2.3%) | $314,034 (16.2%) | 0.00 | 143 |
2021-12-01 | $175,500 (-6.4%) | $307,559 (15.9%) | 0.00 | 144 |
2022-01-01 | $182,500 (-4.5%) | $330,762 (18.6%) | 0.00 | 131 |
2022-02-01 | $185,000 (-4.8%) | $348,007 (22.4%) | 0.00 | 126 |
2022-03-01 | $197,250 (5.2%) | $342,773 (18.9%) | 0.00 | 136 |
2022-04-01 | $195,000 (8.3%) | $332,664 (16.2%) | 0.00 | 140 |
2022-05-01 | $192,125 (7.3%) | $304,069 (5.6%) | 0.00 | 140 |
2022-06-01 | $216,250 (17.3%) | $322,398 (11.2%) | 0.00 | 134 |
2022-07-01 | $210,000 (12.3%) | $308,263 (0.5%) | 0.00 | 139 |
2022-08-01 | $194,925 (4.0%) | $314,794 (4.2%) | 0.00 | 123 |
2022-09-01 | $189,975 (-4.5%) | $291,761 (-7.5%) | 0.00 | 129 |
2022-10-01 | $197,250 (1.2%) | $289,822 (-7.0%) | 0.00 | 129 |
2022-11-01 | $195,000 (5.4%) | $294,056 (-6.4%) | 0.00 | 126 |
2022-12-01 | $197,000 (12.3%) | $311,680 (1.3%) | 0.00 | 124 |
2023-01-01 | $220,000 (20.6%) | $329,716 (-0.3%) | 0.00 | 124 |
2023-02-01 | $215,950 (16.7%) | $322,707 (-7.3%) | 0.00 | 125 |
Natchez's median listing price comes in at 0% of the national average.
Natchez's average listing price for 2023-02-01 was $322,707, a difference of $-25,300 (-7.3%) versus the prior year and $-7,009 versus the prior month.
For the 2023-02-01 period, Natchez had 125 MLS listings, a difference of 1 listings (1%) versus the prior month and -1 listings (-1%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Natchez (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,146 sqft |
2018-02-01 | 0 days | 2,136 sqft |
2018-03-01 | 0 days | 2,020 sqft |
2018-04-01 | 0 days | 2,031 sqft |
2018-05-01 | 0 days | 2,000 sqft |
2018-06-01 | 0 days | 1,989 sqft |
2018-07-01 | 0 days | 1,934 sqft |
2018-08-01 | 0 days | 1,959 sqft |
2018-09-01 | 0 days | 1,966 sqft |
2018-10-01 | 0 days | 1,998 sqft |
2018-11-01 | 0 days | 1,948 sqft |
2018-12-01 | 0 days | 1,955 sqft |
2019-01-01 | 0 days | 1,930 sqft |
2019-02-01 | 0 days | 1,940 sqft |
2019-03-01 | 0 days | 1,983 sqft |
2019-04-01 | 0 days | 1,967 sqft |
2019-05-01 | 0 days | 1,998 sqft |
2019-06-01 | 0 days | 1,990 sqft |
2019-07-01 | 0 days | 1,982 sqft |
2019-08-01 | 0 days | 1,965 sqft |
2019-09-01 | 0 days | 1,943 sqft |
2019-10-01 | 0 days | 1,925 sqft |
2019-11-01 | 0 days | 1,951 sqft |
2019-12-01 | 0 days | 1,945 sqft |
2020-01-01 | 0 days | 1,965 sqft |
2020-02-01 | 0 days | 1,975 sqft |
2020-03-01 | 0 days | 2,005 sqft |
2020-04-01 | 0 days | 2,001 sqft |
2020-05-01 | 0 days | 1,998 sqft |
2020-06-01 | 0 days | 2,080 sqft |
2020-07-01 | 0 days | 2,082 sqft |
2020-08-01 | 0 days | 2,058 sqft |
2020-09-01 | 0 days | 2,048 sqft |
2020-10-01 | 0 days | 2,045 sqft |
2020-11-01 | 0 days | 2,063 sqft |
2020-12-01 | 0 days | 2,051 sqft |
2021-01-01 | 0 days | 2,068 sqft |
2021-02-01 | 0 days | 2,038 sqft |
2021-03-01 | 0 days | 2,024 sqft |
2021-04-01 | 0 days | 1,919 sqft |
2021-05-01 | 0 days | 1,881 sqft |
2021-06-01 | 0 days | 1,902 sqft |
2021-07-01 | 0 days | 1,927 sqft |
2021-08-01 | 0 days | 1,950 sqft |
2021-09-01 | 0 days | 1,977 sqft |
2021-10-01 | 0 days | 1,930 sqft |
2021-11-01 | 0 days | 1,932 sqft |
2021-12-01 | 0 days | 1,906 sqft |
2022-01-01 | 0 days | 1,965 sqft |
2022-02-01 | 0 days | 2,212 sqft |
2022-03-01 | 0 days | 2,252 sqft |
2022-04-01 | 0 days | 2,133 sqft |
2022-05-01 | 0 days | 2,012 sqft |
2022-06-01 | 0 days | 2,177 sqft |
2022-07-01 | 0 days | 2,130 sqft |
2022-08-01 | 0 days | 1,906 sqft |
2022-09-01 | 0 days | 1,862 sqft |
2022-10-01 | 0 days | 1,849 sqft |
2022-11-01 | 0 days | 1,891 sqft |
2022-12-01 | 0 days | 1,891 sqft |
2023-01-01 | 0 days | 2,031 sqft |
2023-02-01 | 0 days | 2,016 sqft |
Natchez's median square footage for active listings during the 2023-02-01 period was 2,016 sqft. One year prior, the average listing was 2,212 sqft.
Natchez, MS-LA Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 439 | $72,845,000 | $165,934 |
Refi | 289 | $47,835,000 | $165,519 |
Cash Out Refi | 80 | $12,250,000 | $153,125 |
Home Improvement | 19 | $1,405,000 | $73,947 |
Other | 11 | $885,000 | $80,455 |
Natchez's most frequently cited loan purpose was Home Purchase, with 439 originations. The 2nd most popular reason was Refi, with 289 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
2.5-3% | 261 | $46,765,000 | $179,176 |
3-4% | 251 | $41,565,000 | $165,598 |
<2.5% | 110 | $19,780,000 | $179,818 |
4-5% | 28 | $2,640,000 | $94,286 |
Over 8% | 19 | $1,675,000 | $88,158 |
7-8% | 15 | $1,235,000 | $82,333 |
6-7% | 10 | $790,000 | $79,000 |
5-6% | 9 | $965,000 | $107,222 |
During 2021, Natchez's most frequently originated rate bucket was 2.5-3%, with 261 originations.
Loan Sizing (Natchez, MS-LA MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 346 | $49,560,000 | $143,237 |
$100,000 or less | 273 | $16,855,000 | $61,740 |
$200k-400k | 190 | $49,980,000 | $263,053 |
$400k-600k | 25 | $11,815,000 | $472,600 |
$600k-1000k | 2 | $1,460,000 | $730,000 |
$Over $1MM | 2 | $5,550,000 | $2,775,000 |
Natchez's loan sizing saw the bucket of loans from $100k-200k with 346 originations, totaling $49,560,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 407 | $68,735,000 | $168,882 |
60-80% | 177 | $32,265,000 | $182,288 |
40-60% | 59 | $7,765,000 | $131,610 |
20-40% | 27 | $2,225,000 | $82,407 |
Over 100% | 11 | $2,265,000 | $205,909 |
Under 20% | 9 | $335,000 | $37,222 |
Natchez's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 407 originations, totaling $68,735,000 in origination value.