Natchez Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

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%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Natchez, MS-LA.

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.).

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
GMFS LLC 44 3.15% $3,546
FIDELITY BANK 28 3.16% $3,962
QUICKEN LOANS, LLC 27 3.11% $5,052
ANGEL OAK HOME LOANS LLC 26 3.30% $4,327
Hamilton Mortgage Corporation 12 3.08% $3,076
JPMorgan Chase Bank 7 3.14% $2,741
Regions Bank 5 3.25% $3,484
LOANDEPOT.COM, LLC 4 3.06% $4,251
Wells Fargo Bank 3 3.21% $3,953
CRESCENT MORTGAGE COMPANY 3 2.88% $5,694
BROKER SOLUTIONS, INC. 3 3.33% $5,127
UNITED WHOLESALE MORTGAGE, LLC 3 3.20% $3,469
Home Bank 2 2.94% $3,727
Bank of America 2 3.38% $3,473
GUARANTY HOME MORTGAGE CORPORATION 2 3.13% $3,444
HOME POINT FINANCIAL CORPORATION 2 2.94% $2,225
Discover Bank 2 4.99% $0
NAVY FEDERAL CREDIT UNION 1 4.50% $8,595
NEWREZ LLC 1 2.88% $4,144
North American Savings Bank, F.S.B. 1 3.13% $3,403
Origin Bank 1 5.34% $2,565
Pelican State Credit Union 1 6.50% $2,799
PENNYMAC LOAN SERVICES, LLC 1 3.00% $5,870
PLAZA HOME MORTGAGE, INC. 1 3.49% $3,317
PNC Bank 1 2.88% $3,964
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.13% $3,001
Prosperity Bank 1 3.00% $4,661
ROYAL UNITED MORTGAGE LLC 1 2.50% $5,587
Sabine State Bank and Trust Company 1 3.88% $6,486
AMERICAN FINANCIAL NETWORK, INC. 1 2.88% $6,397
STANDARD MORTGAGE CORPORATION 1 2.88% $4,461
Synovus Bank 1 2.88% $5,201
TOWNE MORTGAGE COMPANY 1 3.25% $3,035
U.S. Bank 1 3.63% $3,277
SPRING EQ, LLC 1 4.25% $0
AMERISAVE MORTGAGE CORPORATION 1 2.88% $1,451
BETTER MORTGAGE CORPORATION 1 2.75% $6,616
CALIBER HOME LOANS, INC. 1 3.63% $2,789
CHEVRON 1 2.75% $4,955
CHURCHILL MORTGAGE CORPORATION 1 4.00% $6,202
Citizens Bank 1 2.88% $5,977
Eagle Bank and Trust Company 1 2.75% $2,383
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 2.75% $3,541
EVANSVILLE TEACHERS 1 3.38% $3,890
FBT Mortgage, L.L.C. 1 3.63% $7,249
FIRST COMMUNITY MORTGAGE, INC. 1 2.88% $4,334
Flagstar Bank, FSB 1 3.43% $2,350
Gateway First Bank 1 3.25% $5,476
GUILD MORTGAGE COMPANY 1 3.50% $3,699
Hancock Whitney Bank 1 3.38% $3,159
KeyBank 1 2.25% $9,752

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. Louis
Date 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 for 2023-02-01 was $215,950, a difference of $30,950 (16.7%) versus the prior year and $-4,050 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-02-01 was 0 days.

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.