Vicksburg Mortgage Rates & Closing Costs

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  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
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  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Vicksburg averaged 6.85% 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 6.88% and one month ago for the week of 2023-02-09, the average rate was 6.07%.

    Vicksburg's average rate one year ago was 4.1%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.87%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Vicksburg 30 Year Fixed Rate 2023-03-16 6.85%
    Vicksburg 30 Year Fixed Rate Refi 2023-03-16 6.87%
    Vicksburg 15 Year Fixed Rate 2023-03-16 7.78%
    Vicksburg 15 Year Fixed Rate Refi 2023-03-16 6.3%
    Vicksburg 30 Year FHA 2023-03-16 6.65%
    Vicksburg 30 Year FHA Refi 2023-03-16 6.55%
    Vicksburg 30 Year USDA 2023-03-16 6.53%
    Vicksburg 30 Year USDA Refi 2023-03-16 6.17%
    Vicksburg 30 Year VA 2023-03-16 6.6%
    Vicksburg 30 Year VA Refi 2023-03-16 6.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Vicksburg, MS.

    Vicksburg 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 Vicksburg, 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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    Trustmark National Bank 53 3.17% $4,003
    BancorpSouth Bank 36 3.26% $3,318
    QUICKEN LOANS, LLC 29 3.19% $4,416
    GMFS LLC 13 3.09% $2,996
    Regions Bank 8 3.38% $2,819
    FIDELITY BANK 8 3.06% $5,203
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.11% $3,443
    NAVY FEDERAL CREDIT UNION 5 3.73% $4,544
    AMERISAVE MORTGAGE CORPORATION 4 3.22% $2,568
    BETTER MORTGAGE CORPORATION 4 3.09% $2,792
    PENNYMAC LOAN SERVICES, LLC 4 3.19% $5,225
    Wells Fargo Bank 3 3.08% $1,684
    OPEN MORTGAGE, LLC 2 2.93% $6,078
    LOANDEPOT.COM, LLC 2 3.18% $5,399
    Flagstar Bank, FSB 2 3.33% $4,186
    FREEDOM MORTGAGE CORPORATION 2 3.31% $1,524
    JPMorgan Chase Bank 2 2.88% $4,441
    Ally Bank 2 3.50% $3,929
    Home Bank 2 2.69% $2,977
    CORNERSTONE HOME LENDING, INC. 2 3.63% $6,356
    DELMAR FINANCIAL COMPANY 2 3.00% $2,123
    MORTGAGE INVESTORS GROUP, INC. 1 3.75% $3,173
    Mr. Cooper ( Nationstar Mortgage ) 1 3.75% $4,818
    Nations Lending Corporation 1 3.25% $8,964
    Northpointe Bank 1 3.50% $2,802
    Origin Bank 1 3.13% $3,415
    PENTAGON FEDERAL CREDIT UNION 1 2.50% $2,675
    Renasant Bank 1 3.38% $2,903
    RIVERLAND FEDERAL CREDIT UNION 1 3.00% $5,924
    UNITED WHOLESALE MORTGAGE, LLC 1 3.25% $1,253
    LAKEVIEW LOAN SERVICING, LLC 1 3.63% $1,710
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.13% $2,737
    ANGEL OAK HOME LOANS LLC 1 3.25% $3,428
    Assurance Financial Group, L.L.C. 1 3.00% $5,046
    Bank of America 1 2.63% $4,397
    BankPlus 1 3.38% $3,008
    Bethpage Federal Credit Union 1 2.88% $5,006
    Carrington Mortgage Services, LLC 1 3.38% $4,477
    Citibank 1 2.88% $3,645
    Citizens Bank 1 2.88% $2,617
    Colonial Savings, F.A. 1 3.63% $2,849
    Community Bank of Mississippi 1 3.88% $3,542
    Discover Bank 1 4.25% $0
    First Federal Bank 1 3.00% $3,407
    First Home Bank 1 3.63% $3,333
    Gateway First Bank 1 3.00% $3,560
    HOME POINT FINANCIAL CORPORATION 1 3.38% $4,288
    HOMESTEAD FUNDING CORP. 1 2.75% $2,633
    ACADEMY MORTGAGE CORPORATION 1 3.00% $4,444
    LAND HOME FINANCIAL SERVICES, INC. 1 3.50% $9,578
    MORTGAGE ACCESS CORP. 1 2.99% $6,166

    Vicksburg Average Closing Costs & Other Stats

    Vicksburg, MS's 51 lenders originated 1,039 loans during 2021. The total origination value was $174,595,000, with an average loan value of $168,041.

    Vicksburg's average closing costs are $4,585.

    The top Vicksburg lender as defined by loan originations is Trustmark National Bank, with 53 loans originated. Their average total fees are $4,003, which is $686 higher than the next largest lender, BancorpSouth Bank.

    The lowest fee Vicksburg lenders (with over 10 loans originated) are GMFS LLC ($2,996), BancorpSouth Bank ($3,318), Trustmark National Bank ($4,003), QUICKEN LOANS, LLC ($4,416) and .

    The lowest rate Vicksburg lenders (with over 10 loans originated) are GMFS LLC (3.09%), Trustmark National Bank (3.17%), QUICKEN LOANS, LLC (3.19%), BancorpSouth Bank (3.26%) and .

    Vicksburg, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    Trustmark National Bank $39,240,000 $36,785,000 -6.3% 21.1%
    BancorpSouth Bank $8,035,000 $19,965,000 148.5% 11.4%
    QUICKEN LOANS, LLC $14,750,000 $16,345,000 10.8% 9.4%
    MUTUAL $13,090,000 $8,785,000 -32.9% 5.0%
    FIDELITY BANK $9,700,000 $8,105,000 -16.4% 4.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $10,585,000 $6,725,000 -36.5% 3.9%
    Guaranty Bank and Trust Company $1,390,000 $5,745,000 313.3% 3.3%
    GMFS LLC $7,535,000 $5,305,000 -29.6% 3.0%
    WALKER & DUNLOP, LLC $5,275,000 n/a 3.0%
    Liberty Bank and Trust Company $2,920,000 $4,925,000 68.7% 2.8%
    FREEDOM MORTGAGE CORPORATION $3,915,000 $4,225,000 7.9% 2.4%
    Mortgage Research Center, LLC $3,425,000 $3,195,000 -6.7% 1.8%
    OPEN MORTGAGE, LLC $1,685,000 $3,185,000 89.0% 1.8%
    LAKEVIEW LOAN SERVICING, LLC $235,000 $2,910,000 1,138.3% 1.7%
    PENNYMAC LOAN SERVICES, LLC $940,000 $2,395,000 154.8% 1.4%
    Regions Bank $2,290,000 $2,185,000 -4.6% 1.3%
    NAVY FEDERAL CREDIT UNION $1,375,000 $2,045,000 48.7% 1.2%
    Mr. Cooper ( Nationstar Mortgage ) $2,200,000 $1,995,000 -9.3% 1.1%
    LOANDEPOT.COM, LLC $595,000 $1,935,000 225.2% 1.1%
    Community Bank of Mississippi $185,000 $1,800,000 873.0% 1.0%
    AMERICAN FIRST $1,505,000 n/a 0.9%
    USAA Federal Savings Bank $1,765,000 $1,365,000 -22.7% 0.8%
    Wells Fargo Bank $840,000 $1,360,000 61.9% 0.8%
    AMERISAVE MORTGAGE CORPORATION $655,000 $1,335,000 103.8% 0.8%
    BETTER MORTGAGE CORPORATION $1,175,000 n/a 0.7%
    NEWREZ LLC $185,000 $1,050,000 467.6% 0.6%
    BROKER SOLUTIONS, INC. $1,045,000 n/a 0.6%
    UNITED WHOLESALE MORTGAGE, LLC $1,350,000 $955,000 -29.3% 0.5%
    Bank of America $125,000 $905,000 624.0% 0.5%
    21ST MORTGAGE CORPORATION $670,000 $850,000 26.9% 0.5%
    NEW DAY FINANCIAL, LLC $1,730,000 $775,000 -55.2% 0.4%
    Flagstar Bank, FSB $1,525,000 $770,000 -49.5% 0.4%
    JPMorgan Chase Bank $600,000 $685,000 14.2% 0.4%
    Origin Bank $1,195,000 $680,000 -43.1% 0.4%
    EVANSVILLE TEACHERS $620,000 n/a 0.4%
    GUARANTY HOME MORTGAGE CORPORATION $580,000 n/a 0.3%
    Home Bank $220,000 $570,000 159.1% 0.3%
    VILLAGE CAPITAL & INVESTMENT LLC $320,000 $535,000 67.2% 0.3%
    Reliant Bank $355,000 $520,000 46.5% 0.3%
    Carrington Mortgage Services, LLC $690,000 $480,000 -30.4% 0.3%
    Ally Bank $420,000 n/a 0.2%
    The First, A National Banking Association $260,000 $395,000 51.9% 0.2%
    AMERICAN INTERNET MORTGAGE, INC. $65,000 $380,000 484.6% 0.2%
    Citizens Bank $270,000 $380,000 40.7% 0.2%
    HOMESTEAD FUNDING CORP. $375,000 n/a 0.2%
    Renasant Bank $510,000 $375,000 -26.5% 0.2%
    MEMBER FIRST MORTGAGE, LLC $155,000 $370,000 138.7% 0.2%
    MORTGAGE ACCESS CORP. $370,000 n/a 0.2%
    The Federal Savings Bank $370,000 n/a 0.2%
    CALIBER HOME LOANS, INC. $360,000 n/a 0.2%
    Barrington Bank & Trust Company, N.A. $270,000 $355,000 31.5% 0.2%
    CORNERSTONE HOME LENDING, INC. $145,000 $355,000 144.8% 0.2%
    TJC Mortgage, Inc. $355,000 n/a 0.2%
    BankFirst Financial Services $9,350,000 $325,000 -96.5% 0.2%
    Hometown Lenders, Inc. $315,000 n/a 0.2%
    Assurance Financial Group, L.L.C. $85,000 $305,000 258.8% 0.2%
    First Horizon Bank $305,000 n/a 0.2%
    LAND HOME FINANCIAL SERVICES, INC. $75,000 $305,000 306.7% 0.2%
    PENTAGON FEDERAL CREDIT UNION $165,000 $305,000 84.8% 0.2%
    Magnolia Bank $300,000 n/a 0.2%
    Gateway First Bank $275,000 n/a 0.2%
    PHH Mortgage Corporation $270,000 n/a 0.2%
    First Federal Bank $380,000 $265,000 -30.3% 0.2%
    Northpointe Bank $285,000 $265,000 -7.0% 0.2%
    RELIANCE FIRST CAPITAL, LLC $165,000 $265,000 60.6% 0.2%
    AMERICAN ADVISORS GROUP $15,000 $235,000 1,466.7% 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $215,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $215,000 n/a 0.1%
    PLANET HOME LENDING, LLC $310,000 $215,000 -30.6% 0.1%
    Nations Lending Corporation $205,000 n/a 0.1%
    CREDIT HUMAN FEDERAL CREDIT UNION $200,000 n/a 0.1%
    Eagle Bank and Trust Company $195,000 n/a 0.1%
    RIVERLAND FEDERAL CREDIT UNION $195,000 n/a 0.1%
    DELMAR FINANCIAL COMPANY $155,000 $180,000 16.1% 0.1%
    ACADEMY MORTGAGE CORPORATION $215,000 $175,000 -18.6% 0.1%
    MORTGAGE INVESTORS GROUP, INC. $175,000 n/a 0.1%
    ROYAL UNITED MORTGAGE LLC $170,000 $170,000 0.0% 0.1%
    BankPlus $2,585,000 $165,000 -93.6% 0.1%
    Citibank $165,000 n/a 0.1%
    FirstBank $405,000 $160,000 -60.5% 0.1%
    TRIAD FINANCIAL SERVICES, INC. $150,000 n/a 0.1%
    Lakeview Community Capital, LLC $195,000 $145,000 -25.6% 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $5,000 $145,000 2,800.0% 0.1%
    ACIPCO Federal Credit Union $135,000 n/a 0.1%
    Discover Bank $135,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $125,000 n/a 0.1%
    Colonial Savings, F.A. $95,000 $115,000 21.1% 0.1%
    First Guaranty Mortgage Corporation $205,000 $115,000 -43.9% 0.1%
    RUOFF MORTGAGE COMPANY, INC. $115,000 $115,000 0.0% 0.1%
    ANGEL OAK HOME LOANS LLC $705,000 $95,000 -86.5% 0.1%
    HOME POINT FINANCIAL CORPORATION $145,000 $95,000 -34.5% 0.1%
    CHURCHILL MORTGAGE CORPORATION $85,000 n/a 0.0%
    Evolve Bank & Trust $85,000 n/a 0.0%
    AMERICAN FINANCIAL NETWORK, INC. $75,000 n/a 0.0%
    United States Senate Federal Credit Union $65,000 n/a 0.0%
    First Home Bank $55,000 n/a 0.0%
    Bethpage Federal Credit Union $45,000 n/a 0.0%

    Vicksburg's top lender by overall market share is Trustmark National Bank, with 21.1% market share. In second place, with 11.4%, is BancorpSouth Bank, having originated $19,965,000 in loans. In third place, with 9.4%, is QUICKEN LOANS, LLC, having originated $16,345,000 in loans. In fourth place, with 5.0%, is MUTUAL, having originated $8,785,000 in loans. In fifth place, with 4.6%, is FIDELITY BANK, having originated $8,105,000 in loans.

    Vicksburg Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Vicksburg (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 $132,475 (-2.4%) $167,763 (2.6%) 0.00 221
    2018-02-01 $129,900 (-1.9%) $167,138 (3.5%) 0.00 220
    2018-03-01 $131,500 (-9.3%) $169,082 (-1.5%) 0.00 209
    2018-04-01 $134,000 (-7.3%) $174,355 (1.5%) 0.00 204
    2018-05-01 $129,900 (-7.2%) $170,651 (-2.0%) 0.00 214
    2018-06-01 $129,900 (-8.0%) $175,078 (0.1%) 0.00 214
    2018-07-01 $141,175 (-5.2%) $182,431 (1.5%) 0.00 216
    2018-08-01 $137,250 (-8.0%) $178,927 (0.3%) 0.00 211
    2018-09-01 $143,500 (-4.3%) $180,256 (-1.2%) 0.00 198
    2018-10-01 $147,000 (-1.6%) $182,183 (0.6%) 0.00 197
    2018-11-01 $144,950 (-2.7%) $186,009 (2.1%) 0.00 192
    2018-12-01 $151,250 (4.7%) $189,423 (5.7%) 0.00 180
    2019-01-01 $146,500 (10.6%) $189,066 (12.7%) 0.00 165
    2019-02-01 $154,200 (18.7%) $188,799 (13.0%) 0.00 155
    2019-03-01 $147,143 (11.9%) $185,521 (9.7%) 0.00 156
    2019-04-01 $149,643 (11.7%) $186,885 (7.2%) 0.00 155
    2019-05-01 $134,975 (3.9%) $179,506 (5.2%) 0.00 147
    2019-06-01 $131,500 (1.2%) $176,427 (0.8%) 0.00 147
    2019-07-01 $130,000 (-7.9%) $168,267 (-7.8%) 0.00 135
    2019-08-01 $130,272 (-5.1%) $166,858 (-6.7%) 0.00 133
    2019-09-01 $130,681 (-8.9%) $171,671 (-4.8%) 0.00 126
    2019-10-01 $133,500 (-9.2%) $177,331 (-2.7%) 0.00 125
    2019-11-01 $140,000 (-3.4%) $193,768 (4.2%) 0.00 123
    2019-12-01 $149,000 (-1.5%) $197,185 (4.1%) 0.00 125
    2020-01-01 $140,750 (-3.9%) $188,808 (-0.1%) 0.00 112
    2020-02-01 $150,000 (-2.7%) $189,455 (0.4%) 0.00 116
    2020-03-01 $159,950 (8.7%) $197,921 (6.7%) 0.00 119
    2020-04-01 $162,500 (8.6%) $191,250 (2.3%) 0.00 115
    2020-05-01 $154,500 (14.5%) $193,765 (7.9%) 0.00 109
    2020-06-01 $150,000 (14.1%) $198,237 (12.4%) 0.00 98
    2020-07-01 $159,450 (22.7%) $202,861 (20.6%) 0.00 93
    2020-08-01 $165,000 (26.7%) $207,730 (24.5%) 0.00 94
    2020-09-01 $173,450 (32.7%) $227,647 (32.6%) 0.00 95
    2020-10-01 $191,000 (43.1%) $245,539 (38.5%) 0.00 86
    2020-11-01 $185,000 (32.1%) $237,069 (22.4%) 0.00 90
    2020-12-01 $163,475 (9.7%) $235,006 (19.2%) 0.00 84
    2021-01-01 $159,250 (13.1%) $213,167 (12.9%) 0.00 72
    2021-02-01 $154,950 (3.3%) $202,758 (7.0%) 0.00 68
    2021-03-01 $149,638 (-6.5%) $198,735 (0.4%) 0.00 73
    2021-04-01 $143,475 (-11.7%) $194,117 (1.5%) 0.00 68
    2021-05-01 $167,500 (8.4%) $210,536 (8.7%) 0.00 67
    2021-06-01 $169,950 (13.3%) $252,418 (27.3%) 0.00 67
    2021-07-01 $150,000 (-5.9%) $245,402 (21.0%) 0.00 61
    2021-08-01 $152,500 (-7.6%) $247,136 (19.0%) 0.00 70
    2021-09-01 $159,000 (-8.3%) $254,997 (12.0%) 0.00 62
    2021-10-01 $139,450 (-27.0%) $213,983 (-12.9%) 0.00 64
    2021-11-01 $145,900 (-21.1%) $228,776 (-3.5%) 0.00 66
    2021-12-01 $139,975 (-14.4%) $227,954 (-3.0%) 0.00 65
    2022-01-01 $150,000 (-5.8%) $219,374 (2.9%) 0.00 62
    2022-02-01 $171,250 (10.5%) $233,396 (15.1%) 0.00 63
    2022-03-01 $167,500 (11.9%) $229,715 (15.6%) 0.00 62
    2022-04-01 $176,300 (22.9%) $228,085 (17.5%) 0.00 69
    2022-05-01 $220,000 (31.3%) $265,771 (26.2%) 0.00 73
    2022-06-01 $206,250 (21.4%) $248,896 (-1.4%) 0.00 85
    2022-07-01 $220,000 (46.7%) $252,854 (3.0%) 0.00 84
    2022-08-01 $200,000 (31.2%) $257,469 (4.2%) 0.00 84
    2022-09-01 $215,500 (35.5%) $255,293 (0.1%) 0.00 82
    2022-10-01 $195,000 (39.8%) $226,395 (5.8%) 0.00 80
    2022-11-01 $189,000 (29.5%) $218,882 (-4.3%) 0.00 87
    2022-12-01 $185,250 (32.4%) $212,418 (-6.8%) 0.00 85
    2023-01-01 $180,750 (20.5%) $195,919 (-10.7%) 0.00 88
    2023-02-01 $160,000 (-6.6%) $188,353 (-19.3%) 0.00 86
    Vicksburg's median listing price for 2023-02-01 was $160,000, a difference of $-11,250 (-6.6%) versus the prior year and $-20,750 versus the prior month.

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

    Vicksburg's average listing price for 2023-02-01 was $188,353, a difference of $-45,043 (-19.3%) versus the prior year and $-7,566 versus the prior month.

    For the 2023-02-01 period, Vicksburg had 86 MLS listings, a difference of -2 listings (-2%) versus the prior month and 23 listings (37%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Vicksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,837 sqft
    2018-02-01 0 days 1,839 sqft
    2018-03-01 0 days 1,866 sqft
    2018-04-01 0 days 1,908 sqft
    2018-05-01 0 days 1,893 sqft
    2018-06-01 0 days 1,891 sqft
    2018-07-01 0 days 1,910 sqft
    2018-08-01 0 days 1,907 sqft
    2018-09-01 0 days 1,907 sqft
    2018-10-01 0 days 1,915 sqft
    2018-11-01 0 days 1,955 sqft
    2018-12-01 0 days 1,958 sqft
    2019-01-01 0 days 1,944 sqft
    2019-02-01 0 days 1,929 sqft
    2019-03-01 0 days 1,880 sqft
    2019-04-01 0 days 1,882 sqft
    2019-05-01 0 days 1,824 sqft
    2019-06-01 0 days 1,805 sqft
    2019-07-01 0 days 1,770 sqft
    2019-08-01 0 days 1,755 sqft
    2019-09-01 0 days 1,759 sqft
    2019-10-01 0 days 1,762 sqft
    2019-11-01 0 days 1,812 sqft
    2019-12-01 0 days 1,806 sqft
    2020-01-01 0 days 1,800 sqft
    2020-02-01 0 days 1,780 sqft
    2020-03-01 0 days 1,849 sqft
    2020-04-01 0 days 1,868 sqft
    2020-05-01 0 days 1,851 sqft
    2020-06-01 0 days 1,820 sqft
    2020-07-01 0 days 1,838 sqft
    2020-08-01 0 days 1,851 sqft
    2020-09-01 0 days 1,926 sqft
    2020-10-01 0 days 2,100 sqft
    2020-11-01 0 days 2,034 sqft
    2020-12-01 0 days 1,861 sqft
    2021-01-01 0 days 1,850 sqft
    2021-02-01 0 days 1,825 sqft
    2021-03-01 0 days 1,767 sqft
    2021-04-01 0 days 1,672 sqft
    2021-05-01 0 days 1,839 sqft
    2021-06-01 0 days 1,735 sqft
    2021-07-01 0 days 1,661 sqft
    2021-08-01 0 days 1,727 sqft
    2021-09-01 0 days 1,702 sqft
    2021-10-01 0 days 1,703 sqft
    2021-11-01 0 days 1,703 sqft
    2021-12-01 0 days 1,644 sqft
    2022-01-01 0 days 1,675 sqft
    2022-02-01 0 days 1,759 sqft
    2022-03-01 0 days 1,745 sqft
    2022-04-01 0 days 1,912 sqft
    2022-05-01 0 days 2,054 sqft
    2022-06-01 0 days 1,862 sqft
    2022-07-01 0 days 1,864 sqft
    2022-08-01 0 days 1,856 sqft
    2022-09-01 0 days 1,860 sqft
    2022-10-01 0 days 1,822 sqft
    2022-11-01 0 days 1,803 sqft
    2022-12-01 0 days 1,832 sqft
    2023-01-01 0 days 1,827 sqft
    2023-02-01 0 days 1,843 sqft
    Vicksburg's median listing age (time on market) for 2023-02-01 was 0 days.

    Vicksburg's median square footage for active listings during the 2023-02-01 period was 1,843 sqft. One year prior, the average listing was 1,759 sqft.

    Vicksburg, MS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 468 $81,180,000 $173,462
    Refi 352 $64,150,000 $182,244
    Cash Out Refi 159 $24,985,000 $157,138
    Other 49 $3,355,000 $68,469
    Home Improvement 11 $925,000 $84,091

    Vicksburg's most frequently cited loan purpose was Home Purchase, with 468 originations. The 2nd most popular reason was Refi, with 352 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 327 $54,325,000 $166,131
    2.5-3% 308 $58,780,000 $190,844
    <2.5% 227 $37,615,000 $165,705
    4-5% 14 $2,190,000 $156,429
    6-7% 10 $860,000 $86,000
    7-8% 8 $560,000 $70,000
    5-6% 7 $465,000 $66,429
    Over 8% 5 $345,000 $69,000

    During 2021, Vicksburg's most frequently originated rate bucket was 3-4%, with 327 originations.

    Loan Sizing (Vicksburg, MS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 483 $71,105,000 $147,215
    $200k-400k 269 $70,045,000 $260,390
    $100,000 or less 263 $15,795,000 $60,057
    $400k-600k 19 $8,705,000 $458,158
    $600k-1000k 3 $2,165,000 $721,667
    $Over $1MM 2 $6,780,000 $3,390,000

    Vicksburg's loan sizing saw the bucket of loans from $100k-200k with 483 originations, totaling $71,105,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 450 $84,410,000 $187,578
    60-80% 239 $45,375,000 $189,854
    40-60% 84 $12,080,000 $143,810
    20-40% 47 $3,335,000 $70,957
    Under 20% 47 $1,325,000 $28,191
    Over 100% 11 $2,955,000 $268,636

    Vicksburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 450 originations, totaling $84,410,000 in origination value.