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 6.22% 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 5.98% and one month ago for the week of 2024-08-29, the average rate was 6.15%.

Natchez's average rate one year ago was 7.31%.

For refis of the same type during the week of 2024-10-03, the average rate was 6.12%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-03 6.12%
Natchez 30 Year Fixed Rate 2024-10-03 6.22%
Natchez 30 Year Fixed Rate Refi 2024-10-03 6.12%
Natchez 15 Year Fixed Rate 2024-10-03 5.25%
Natchez 15 Year Fixed Rate Refi 2024-10-03 5.45%
Natchez 30 Year FHA 2024-10-03 5.79%
Natchez 30 Year FHA Refi 2024-10-03 6.19%
Natchez 30 Year USDA 2024-10-03 5.77%
Natchez 30 Year USDA Refi 2024-10-03 5.87%
Natchez 30 Year VA 2024-10-03 5.8%
Natchez 30 Year VA Refi 2024-10-03 5.4%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 16 7.02% $5,671
QUICKEN LOANS, LLC 11 6.78% $4,713
FIDELITY BANK 5 6.65% $4,513
Assurance Financial Group, L.L.C. 3 6.75% $4,360
Trustmark National Bank 3 7.58% $4,780
LOANDEPOT.COM, LLC 2 7.31% $4,614
Regions Bank 2 6.00% $4,165
GMFS LLC 2 6.88% $1,432
MOVEMENT MORTGAGE, LLC 2 6.19% $9,740
NBKC BANK 1 6.88% $1,853
OPEN MORTGAGE, LLC 1 6.50% $3,204
Origin Bank 1 7.13% $5,485
PNC Bank 1 7.13% $4,587
PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.99% $11,695
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $4,496
ROYAL UNITED MORTGAGE LLC 1 6.63% $5,989
TEACHERS 1 6.75% $8,960
AMERISAVE MORTGAGE CORPORATION 1 5.75% $3,724
United Community Bank 1 6.99% $5,461
BankPlus 1 6.88% $4,703
BETTER MORTGAGE CORPORATION 1 7.50% $3,162
Discover Bank 1 6.24% $0
EVANSVILLE TEACHERS 1 6.88% $2,595
FREEDOM MORTGAGE CORPORATION 1 5.88% $6,917
Home Bank 1 6.50% $2,711
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $7,237
NAVY FEDERAL CREDIT UNION 1 8.63% $4,440

Natchez Average Closing Costs & Other Stats

Natchez, MS-LA's 27 lenders originated 380 loans during 2023. The total origination value was $53,740,000, with an average loan value of $141,421.

Natchez's average closing costs are $5,027.

The top Natchez lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 16 loans originated. Their average total fees are $5,671, which is $958 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Natchez lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($4,713), CROSSCOUNTRY MORTGAGE, LLC ($5,671), .

The lowest rate Natchez lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.78%), CROSSCOUNTRY MORTGAGE, LLC (7.02%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Concordia Bank and Trust Company $17,050,000 $12,880,000 -24.5% 24.0%
CROSSCOUNTRY MORTGAGE, LLC $360,000 $9,540,000 2,550.0% 17.8%
QUICKEN LOANS, LLC $6,185,000 $3,495,000 -43.5% 6.5%
FIDELITY BANK $2,750,000 $2,145,000 -22.0% 4.0%
21ST MORTGAGE CORPORATION $1,100,000 $1,955,000 77.7% 3.6%
GMFS LLC $6,085,000 $1,710,000 -71.9% 3.2%
Landmark Bank $1,705,000 n/a 3.2%
Mortgage Research Center, LLC $2,555,000 $1,705,000 -33.3% 3.2%
UNITED WHOLESALE MORTGAGE, LLC $1,285,000 $1,485,000 15.6% 2.8%
Trustmark National Bank $1,275,000 $1,470,000 15.3% 2.7%
Regions Bank $1,925,000 $1,345,000 -30.1% 2.5%
NEWREZ LLC $120,000 $945,000 687.5% 1.8%
Assurance Financial Group, L.L.C. $2,995,000 $925,000 -69.1% 1.7%
PNC Bank $705,000 n/a 1.3%
MOVEMENT MORTGAGE, LLC $145,000 $670,000 362.1% 1.2%
NAVY FEDERAL CREDIT UNION $230,000 $650,000 182.6% 1.2%
LOANDEPOT.COM, LLC $885,000 $565,000 -36.2% 1.1%
Progressive Bank $1,290,000 $550,000 -57.4% 1.0%
PENNYMAC LOAN SERVICES, LLC $715,000 $470,000 -34.3% 0.9%
EFCU FINANCIAL $365,000 n/a 0.7%
Hancock Whitney Bank $355,000 n/a 0.7%
Home Bank $990,000 $355,000 -64.1% 0.7%
SOUTHWEST STAGE FUNDING, LLC $350,000 n/a 0.7%
Flagstar Bank, FSB $2,010,000 $340,000 -83.1% 0.6%
Red River Bank $340,000 n/a 0.6%
USAA Federal Savings Bank $675,000 $330,000 -51.1% 0.6%
Discover Bank $85,000 $305,000 258.8% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $440,000 $300,000 -31.8% 0.6%
AMERISAVE MORTGAGE CORPORATION $105,000 $295,000 181.0% 0.5%
BankFirst Financial Services $285,000 n/a 0.5%
CSL Financial, LLC $285,000 n/a 0.5%
United Community Bank $575,000 $260,000 -54.8% 0.5%
PLAZA HOME MORTGAGE, INC. $255,000 n/a 0.5%
AMERICAN FINANCIAL NETWORK, INC. $225,000 n/a 0.4%
CARDINAL FINANCIAL $225,000 n/a 0.4%
PREMIER MORTGAGE RESOURCES, L.L.C. $225,000 n/a 0.4%
ROYAL UNITED MORTGAGE LLC $125,000 $225,000 80.0% 0.4%
TEACHERS $225,000 n/a 0.4%
NBKC BANK $205,000 n/a 0.4%
FREEDOM MORTGAGE CORPORATION $195,000 n/a 0.4%
BankPlus $105,000 $175,000 66.7% 0.3%
Equity Prime Mortgage LLC $175,000 n/a 0.3%
Feliciana Bank & Trust Company $160,000 n/a 0.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $145,000 n/a 0.3%
VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 $145,000 70.6% 0.3%
SUN WEST MORTGAGE COMPANY, INC. $135,000 n/a 0.3%
CORNERSTONE HOME LENDING, INC. $125,000 n/a 0.2%
OPEN MORTGAGE, LLC $125,000 n/a 0.2%
Origin Bank $620,000 $125,000 -79.8% 0.2%
Bank of England $115,000 n/a 0.2%
First Guaranty Bank $115,000 n/a 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $115,000 n/a 0.2%
U.S. Bank $415,000 $115,000 -72.3% 0.2%
Citizens Savings Bank $105,000 n/a 0.2%
The Cottonport Bank $135,000 $105,000 -22.2% 0.2%
BancorpSouth $680,000 $100,000 -85.3% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $95,000 n/a 0.2%
Renasant Bank $95,000 n/a 0.2%
TRIAD FINANCIAL SERVICES, INC. $575,000 $95,000 -83.5% 0.2%
BETTER MORTGAGE CORPORATION $85,000 n/a 0.2%
First Bank $195,000 $75,000 -61.5% 0.1%
JPMorgan Chase Bank $225,000 $75,000 -66.7% 0.1%
EVANSVILLE TEACHERS $65,000 n/a 0.1%
PLANET HOME LENDING, LLC $65,000 n/a 0.1%
Bank of America $545,000 $55,000 -89.9% 0.1%
Deere Employees Credit Union $55,000 $45,000 -18.2% 0.1%
Figure Lending LLC $35,000 n/a 0.1%
b1BANK $820,000 $15,000 -98.2% 0.0%

Natchez's top lender by overall market share is Concordia Bank and Trust Company, with 24.0% market share. In second place, with 17.8%, is CROSSCOUNTRY MORTGAGE, LLC, having originated $9,540,000 in loans. In third place, with 6.5%, is QUICKEN LOANS, LLC, having originated $3,495,000 in loans. In fourth place, with 4.0%, is FIDELITY BANK, having originated $2,145,000 in loans. In fifth place, with 3.6%, is 21ST MORTGAGE CORPORATION, having originated $1,955,000 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%) $248,597 (-0.9%) 0.00 279
2018-02-01 $189,925 (26.7%) $248,289 (-0.1%) 0.00 291
2018-03-01 $185,000 (23.4%) $244,847 (0.1%) 0.00 310
2018-04-01 $185,000 (16.4%) $250,261 (3.2%) 0.00 335
2018-05-01 $184,750 (6.7%) $246,499 (-4.5%) 0.00 328
2018-06-01 $179,000 (1.2%) $245,712 (-3.0%) 0.00 358
2018-07-01 $169,850 (-2.8%) $245,615 (1.1%) 0.00 374
2018-08-01 $168,500 (-6.2%) $248,875 (-0.4%) 0.00 364
2018-09-01 $172,500 (-6.8%) $258,701 (5.0%) 0.00 361
2018-10-01 $179,250 (5.4%) $266,029 (9.2%) 0.00 355
2018-11-01 $168,750 (-10.4%) $259,967 (3.6%) 0.00 350
2018-12-01 $169,000 (-11.0%) $265,363 (7.1%) 0.00 327
2019-01-01 $169,900 (-10.8%) $261,638 (5.3%) 0.00 305
2019-02-01 $188,500 (-0.8%) $262,522 (5.7%) 0.00 310
2019-03-01 $191,121 (3.3%) $271,873 (11.0%) 0.00 319
2019-04-01 $189,974 (2.7%) $275,821 (10.2%) 0.00 335
2019-05-01 $189,000 (2.3%) $264,620 (7.4%) 0.00 355
2019-06-01 $186,000 (3.9%) $264,906 (7.8%) 0.00 363
2019-07-01 $186,875 (10.0%) $267,186 (8.8%) 0.00 372
2019-08-01 $183,727 (9.0%) $251,051 (0.9%) 0.00 366
2019-09-01 $179,943 (4.3%) $245,413 (-5.1%) 0.00 360
2019-10-01 $176,375 (-1.6%) $240,888 (-9.5%) 0.00 354
2019-11-01 $177,100 (5.0%) $242,547 (-6.7%) 0.00 349
2019-12-01 $175,000 (3.6%) $240,734 (-9.3%) 0.00 350
2020-01-01 $175,500 (3.3%) $240,266 (-8.2%) 0.00 343
2020-02-01 $183,250 (-2.8%) $242,167 (-7.8%) 0.00 356
2020-03-01 $187,750 (-1.8%) $249,256 (-8.3%) 0.00 350
2020-04-01 $188,500 (-0.8%) $246,660 (-10.6%) 0.00 320
2020-05-01 $185,000 (-2.1%) $248,391 (-6.1%) 0.00 302
2020-06-01 $196,250 (5.5%) $258,941 (-2.3%) 0.00 304
2020-07-01 $197,125 (5.5%) $258,602 (-3.2%) 0.00 304
2020-08-01 $193,750 (5.5%) $249,120 (-0.8%) 0.00 312
2020-09-01 $186,250 (3.5%) $248,551 (1.3%) 0.00 317
2020-10-01 $186,500 (5.7%) $260,440 (8.1%) 0.00 311
2020-11-01 $189,250 (6.9%) $270,350 (11.5%) 0.00 282
2020-12-01 $187,500 (7.1%) $265,284 (10.2%) 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 (-6.0%) $289,923 (12.0%) 0.00 175
2021-07-01 $187,000 (-5.1%) $306,749 (18.6%) 0.00 183
2021-08-01 $187,500 (-3.2%) $302,217 (21.3%) 0.00 187
2021-09-01 $199,000 (6.9%) $315,473 (26.9%) 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 $176,000 (-6.1%) $308,434 (16.3%) 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 (11.9%) $311,680 (1.1%) 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
2023-03-01 $226,400 (14.8%) $341,344 (-0.4%) 0.00 128
2023-04-01 $235,000 (20.5%) $348,744 (4.8%) 0.00 132
2023-05-01 $224,975 (17.1%) $343,249 (12.9%) 0.00 139
2023-06-01 $227,000 (5.0%) $355,946 (10.4%) 0.00 151
2023-07-01 $225,000 (7.1%) $357,866 (16.1%) 0.00 153
2023-08-01 $217,625 (11.7%) $346,612 (10.1%) 0.00 166
2023-09-01 $225,000 (18.4%) $358,500 (22.9%) 0.00 169
2023-10-01 $238,825 (21.1%) $366,664 (26.5%) 0.00 165
2023-11-01 $232,075 (19.0%) $355,723 (21.0%) 0.00 166
2023-12-01 $227,450 (15.5%) $351,202 (12.7%) 0.00 147
2024-01-01 $246,500 (12.1%) $366,001 (11.0%) 0.00 141
2024-02-01 $263,700 (22.1%) $388,269 (20.3%) 0.00 138
2024-03-01 $272,000 (20.1%) $386,469 (13.2%) 0.00 161
2024-04-01 $294,000 (25.1%) $409,259 (17.4%) 0.00 178
2024-05-01 $299,625 (33.2%) $424,807 (23.8%) 0.00 189
2024-06-01 $299,000 (31.7%) $421,796 (18.5%) 0.00 201
2024-07-01 $319,000 (41.8%) $413,916 (15.7%) 0.00 206
2024-08-01 $329,000 (51.2%) $402,838 (16.2%) 0.00 203
2024-09-01 $326,725 (45.2%) $412,434 (15.0%) 0.00 213
Natchez's median listing price for 2024-09-01 was $326,725, a difference of $101,725 (45.2%) versus the prior year and $-2,275 versus the prior month.

Natchez's median listing price comes in at 0% of the national average.

Natchez's average listing price for 2024-09-01 was $412,434, a difference of $53,934 (15.0%) versus the prior year and $9,596 versus the prior month.

For the 2024-09-01 period, Natchez had 213 MLS listings, a difference of 10 listings (5%) versus the prior month and 44 listings (26%) 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 2,151 sqft
2018-03-01 0 days 2,030 sqft
2018-04-01 0 days 2,043 sqft
2018-05-01 0 days 2,000 sqft
2018-06-01 0 days 1,995 sqft
2018-07-01 0 days 1,940 sqft
2018-08-01 0 days 1,961 sqft
2018-09-01 0 days 1,968 sqft
2018-10-01 0 days 1,998 sqft
2018-11-01 0 days 1,954 sqft
2018-12-01 0 days 1,961 sqft
2019-01-01 0 days 1,933 sqft
2019-02-01 0 days 1,943 sqft
2019-03-01 0 days 1,977 sqft
2019-04-01 0 days 1,969 sqft
2019-05-01 0 days 1,999 sqft
2019-06-01 0 days 1,992 sqft
2019-07-01 0 days 1,984 sqft
2019-08-01 0 days 1,966 sqft
2019-09-01 0 days 1,944 sqft
2019-10-01 0 days 1,925 sqft
2019-11-01 0 days 1,952 sqft
2019-12-01 0 days 1,951 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 2,084 sqft
2020-07-01 0 days 2,085 sqft
2020-08-01 0 days 2,063 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
2023-03-01 0 days 2,033 sqft
2023-04-01 0 days 2,200 sqft
2023-05-01 0 days 2,133 sqft
2023-06-01 0 days 2,133 sqft
2023-07-01 0 days 2,053 sqft
2023-08-01 0 days 2,003 sqft
2023-09-01 0 days 2,248 sqft
2023-10-01 0 days 2,281 sqft
2023-11-01 0 days 2,288 sqft
2023-12-01 0 days 2,248 sqft
2024-01-01 0 days 2,279 sqft
2024-02-01 0 days 2,295 sqft
2024-03-01 0 days 2,374 sqft
2024-04-01 0 days 2,423 sqft
2024-05-01 0 days 2,408 sqft
2024-06-01 0 days 2,368 sqft
2024-07-01 0 days 2,458 sqft
2024-08-01 0 days 2,448 sqft
2024-09-01 0 days 2,400 sqft
Natchez's median listing age (time on market) for 2024-09-01 was 0 days.

Natchez's median square footage for active listings during the 2024-09-01 period was 2,400 sqft. One year prior, the average listing was 2,248 sqft.

Natchez, MS-LA Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 243 $39,275,000 $161,626
Refi 78 $9,010,000 $115,513
Home Improvement 22 $1,340,000 $60,909
Cash Out Refi 21 $3,195,000 $152,143
Other 16 $920,000 $57,500

Natchez's most frequently cited loan purpose was Home Purchase, with 243 originations. The 2nd most popular reason was Refi, with 78 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 116 $17,120,000 $147,586
7-8% 65 $10,765,000 $165,615
Over 8% 49 $4,995,000 $101,939
5-6% 25 $4,085,000 $163,400
<2.5% 3 $15,000 $5,000
4-5% 2 $700,000 $350,000

During 2023, Natchez's most frequently originated rate bucket was 6-7%, with 116 originations.

Loan Sizing (Natchez, MS-LA MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 168 $9,660,000 $57,500
$100k-200k 142 $20,500,000 $144,366
$200k-400k 61 $15,635,000 $256,311
$400k-600k 6 $2,820,000 $470,000
$Over $1MM 2 $4,420,000 $2,210,000
$600k-1000k 1 $705,000 $705,000

Natchez's loan sizing saw the bucket of loans from $100,000 or less with 168 originations, totaling $9,660,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 167 $26,655,000 $159,611
60-80% 38 $5,770,000 $151,842
40-60% 18 $2,050,000 $113,889
20-40% 16 $1,740,000 $108,750
Under 20% 13 $315,000 $24,231
Over 100% 5 $865,000 $173,000

Natchez's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 167 originations, totaling $26,655,000 in origination value.