Vicksburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Vicksburg averaged
6.09%
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
5.95% and
one month ago for the week of 2024-08-29, the
average rate was 6.22%.
Vicksburg's average rate one year ago was 7.58%.
For refis of the same type during the week of 2024-10-03, the average rate
was 6.22%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2024-10-03 | 6.12% |
Vicksburg 30 Year Fixed Rate | 2024-10-03 | 6.09% |
Vicksburg 30 Year Fixed Rate Refi | 2024-10-03 | 6.22% |
Vicksburg 15 Year Fixed Rate | 2024-10-03 | 5.15% |
Vicksburg 15 Year Fixed Rate Refi | 2024-10-03 | 5.45% |
Vicksburg 30 Year FHA | 2024-10-03 | 5.93% |
Vicksburg 30 Year FHA Refi | 2024-10-03 | 5.69% |
Vicksburg 30 Year USDA | 2024-10-03 | 5.87% |
Vicksburg 30 Year USDA Refi | 2024-10-03 | 6.17% |
Vicksburg 30 Year VA | 2024-10-03 | 5.4% |
Vicksburg 30 Year VA Refi | 2024-10-03 | 5.8% |
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.).
Vicksburg Average Closing Costs & Other Stats
Vicksburg, MS's 26 lenders originated 555
loans during 2023. The total origination value was $82,015,000, with an average loan value of
$147,775.
Vicksburg's average closing costs are $5,064.
The top Vicksburg lender as defined by loan originations is Trustmark National Bank, with
33 loans originated. Their average total fees are
$4,764, which is $877
higher than the next largest lender,
BancorpSouth.
The lowest fee Vicksburg lenders (with over 10 loans originated) are
BancorpSouth ($3,887), Trustmark National Bank ($4,764), QUICKEN LOANS, LLC ($5,492), .
The lowest rate Vicksburg lenders (with over 10 loans originated) are
BancorpSouth (6.65%), Trustmark National Bank (6.73%), QUICKEN LOANS, LLC (6.95%), .
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
---|---|---|---|---|
Trustmark National Bank | $26,170,000 | $19,275,000 | -26.3% | 23.5% |
BancorpSouth | $13,800,000 | $9,990,000 | -27.6% | 12.2% |
RiverHills Bank | $5,005,000 | n/a | 6.1% | |
MUTUAL | $6,625,000 | $4,130,000 | -37.7% | 5.0% |
QUICKEN LOANS, LLC | $7,500,000 | $3,975,000 | -47.0% | 4.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,930,000 | $3,960,000 | 35.2% | 4.8% |
Grandbridge Real Estate Capital LLC | $2,415,000 | n/a | 2.9% | |
FIDELITY BANK | $2,280,000 | $2,400,000 | 5.3% | 2.9% |
Mortgage Research Center, LLC | $3,185,000 | $2,230,000 | -30.0% | 2.7% |
GMFS LLC | $2,975,000 | $1,675,000 | -43.7% | 2.0% |
21ST MORTGAGE CORPORATION | $1,865,000 | $1,585,000 | -15.0% | 1.9% |
Guaranty Bank and Trust Company | $10,225,000 | $1,565,000 | -84.7% | 1.9% |
UNITED WHOLESALE MORTGAGE, LLC | $1,320,000 | $1,430,000 | 8.3% | 1.7% |
BankPlus | $1,785,000 | $1,300,000 | -27.2% | 1.6% |
OPEN MORTGAGE, LLC | $2,775,000 | $1,290,000 | -53.5% | 1.6% |
NAVY FEDERAL CREDIT UNION | $970,000 | $1,225,000 | 26.3% | 1.5% |
United Southern Bank | $885,000 | n/a | 1.1% | |
CORNERSTONE HOME LENDING, INC. | $1,095,000 | $870,000 | -20.5% | 1.1% |
NEWREZ LLC | $245,000 | $855,000 | 249.0% | 1.0% |
NEW DAY FINANCIAL, LLC | $445,000 | $815,000 | 83.1% | 1.0% |
Mr. Cooper ( Nationstar Mortgage ) | $615,000 | $735,000 | 19.5% | 0.9% |
Towne Bank | $735,000 | n/a | 0.9% | |
PENTAGON FEDERAL CREDIT UNION | $75,000 | $660,000 | 780.0% | 0.8% |
Regions Bank | $1,730,000 | $555,000 | -67.9% | 0.7% |
FREEDOM MORTGAGE CORPORATION | $1,105,000 | $545,000 | -50.7% | 0.7% |
First Guaranty Bank | $535,000 | n/a | 0.7% | |
Ally Bank | $440,000 | $520,000 | 18.2% | 0.6% |
PENNYMAC LOAN SERVICES, LLC | $1,265,000 | $510,000 | -59.7% | 0.6% |
SWBC MORTGAGE CORPORATION | $510,000 | n/a | 0.6% | |
Community Bank of Mississippi | $2,035,000 | $495,000 | -75.7% | 0.6% |
U.S. Bank | $645,000 | $490,000 | -24.0% | 0.6% |
AMERICAN FINANCIAL NETWORK, INC. | $460,000 | n/a | 0.6% | |
TRIAD FINANCIAL SERVICES, INC. | $145,000 | $400,000 | 175.9% | 0.5% |
FirstBank | $215,000 | $395,000 | 83.7% | 0.5% |
Liberty Bank and Trust Company | $2,620,000 | $395,000 | -84.9% | 0.5% |
GUILD MORTGAGE COMPANY | $315,000 | n/a | 0.4% | |
VANDERBILT MORTGAGE AND FINANCE, INC. | $105,000 | $310,000 | 195.2% | 0.4% |
GUARANTY HOME MORTGAGE CORPORATION | $375,000 | $305,000 | -18.7% | 0.4% |
USAA Federal Savings Bank | $1,790,000 | $305,000 | -83.0% | 0.4% |
Carrington Mortgage Services, LLC | $140,000 | $295,000 | 110.7% | 0.4% |
The Federal Savings Bank | $195,000 | $295,000 | 51.3% | 0.4% |
Origin Bank | $1,275,000 | $290,000 | -77.3% | 0.4% |
Presidential Bank, FSB | $255,000 | n/a | 0.3% | |
CHURCHILL MORTGAGE CORPORATION | $95,000 | $250,000 | 163.2% | 0.3% |
LOANDEPOT.COM, LLC | $1,620,000 | $245,000 | -84.9% | 0.3% |
Bank of England | $210,000 | $235,000 | 11.9% | 0.3% |
Equity Prime Mortgage LLC | $210,000 | $235,000 | 11.9% | 0.3% |
United Community Bank | $745,000 | $230,000 | -69.1% | 0.3% |
Community First Bank | $225,000 | n/a | 0.3% | |
MEMBER FIRST MORTGAGE, LLC | $215,000 | n/a | 0.3% | |
AMERISAVE MORTGAGE CORPORATION | $525,000 | $200,000 | -61.9% | 0.2% |
Flagstar Bank, FSB | $1,460,000 | $195,000 | -86.6% | 0.2% |
OCMBC, INC. | $195,000 | n/a | 0.2% | |
PriorityOne Bank | $195,000 | n/a | 0.2% | |
CIS Financial Services, Inc. | $185,000 | n/a | 0.2% | |
Discover Bank | $180,000 | n/a | 0.2% | |
VALOR BANK | $165,000 | n/a | 0.2% | |
GUARANTEED RATE, INC. | $135,000 | $145,000 | 7.4% | 0.2% |
PLANET HOME LENDING, LLC | $205,000 | $145,000 | -29.3% | 0.2% |
CREDIT HUMAN FEDERAL CREDIT UNION | $135,000 | n/a | 0.2% | |
Magnolia Bank | $155,000 | $135,000 | -12.9% | 0.2% |
MORTGAGE INVESTORS GROUP, INC. | $295,000 | $135,000 | -54.2% | 0.2% |
First Financial Bank | $125,000 | n/a | 0.2% | |
STOCKTON MORTGAGE CORPORATION | $125,000 | n/a | 0.2% | |
JPMorgan Chase Bank | $1,620,000 | $105,000 | -93.5% | 0.1% |
BROKER SOLUTIONS, INC. | $95,000 | n/a | 0.1% | |
Citizens Bank | $95,000 | $95,000 | 0.0% | 0.1% |
CSL Financial, LLC | $95,000 | n/a | 0.1% | |
SOUTHWEST STAGE FUNDING, LLC | $95,000 | n/a | 0.1% | |
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $85,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $325,000 | $85,000 | -73.8% | 0.1% |
Bank of America | $160,000 | $80,000 | -50.0% | 0.1% |
MidFirst Bank | $55,000 | n/a | 0.1% | |
RUOFF MORTGAGE COMPANY, INC. | $45,000 | n/a | 0.1% | |
Copiah Bank | $25,000 | n/a | 0.0% |
Vicksburg's top lender by overall market share is Trustmark National Bank, with 23.5% market share. In second place, with 12.2%, is BancorpSouth, having originated $9,990,000 in loans. In third place, with 6.1%, is RiverHills Bank, having originated $5,005,000 in loans. In fourth place, with 5.0%, is MUTUAL, having originated $4,130,000 in loans. In fifth place, with 4.8%, is QUICKEN LOANS, LLC, having originated $3,975,000 in loans.
Vicksburg Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Vicksburg (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 | $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 (-1.7%) | 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 |
2023-03-01 | $154,500 (-7.8%) | $182,482 (-20.6%) | 0.00 | 84 |
2023-04-01 | $167,700 (-4.9%) | $199,200 (-12.7%) | 0.00 | 90 |
2023-05-01 | $159,900 (-27.3%) | $197,835 (-25.6%) | 0.00 | 86 |
2023-06-01 | $157,000 (-23.9%) | $192,133 (-22.8%) | 0.00 | 88 |
2023-07-01 | $168,750 (-23.3%) | $196,594 (-22.3%) | 0.00 | 88 |
2023-08-01 | $182,725 (-8.6%) | $207,726 (-19.3%) | 0.00 | 95 |
2023-09-01 | $165,000 (-23.4%) | $194,258 (-23.9%) | 0.00 | 98 |
2023-10-01 | $165,450 (-15.2%) | $196,602 (-13.2%) | 0.00 | 97 |
2023-11-01 | $165,975 (-12.2%) | $201,325 (-8.0%) | 0.00 | 98 |
2023-12-01 | $174,950 (-5.6%) | $212,708 (0.1%) | 0.00 | 95 |
2024-01-01 | $183,750 (1.7%) | $210,945 (7.7%) | 0.00 | 80 |
2024-02-01 | $183,750 (14.8%) | $216,236 (14.8%) | 0.00 | 90 |
2024-03-01 | $192,500 (24.6%) | $221,138 (21.2%) | 0.00 | 76 |
2024-04-01 | $172,400 (2.8%) | $212,905 (6.9%) | 0.00 | 74 |
2024-05-01 | $213,000 (33.2%) | $230,875 (16.7%) | 0.00 | 86 |
2024-06-01 | $230,000 (46.5%) | $243,775 (26.9%) | 0.00 | 89 |
2024-07-01 | $216,500 (28.3%) | $238,802 (21.5%) | 0.00 | 90 |
2024-08-01 | $211,000 (15.5%) | $234,973 (13.1%) | 0.00 | 84 |
2024-09-01 | $196,950 (19.4%) | $225,017 (15.8%) | 0.00 | 93 |
Vicksburg's median listing price comes in at 0% of the national average.
Vicksburg's average listing price for 2024-09-01 was $225,017, a difference of $30,759 (15.8%) versus the prior year and $-9,956 versus the prior month.
For the 2024-09-01 period, Vicksburg had 93 MLS listings, a difference of 9 listings (11%) versus the prior month and -5 listings (-5%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Vicksburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2023-03-01 | 0 days | 1,847 sqft |
2023-04-01 | 0 days | 1,929 sqft |
2023-05-01 | 0 days | 1,821 sqft |
2023-06-01 | 0 days | 1,816 sqft |
2023-07-01 | 0 days | 1,829 sqft |
2023-08-01 | 0 days | 1,866 sqft |
2023-09-01 | 0 days | 1,853 sqft |
2023-10-01 | 0 days | 1,902 sqft |
2023-11-01 | 0 days | 1,892 sqft |
2023-12-01 | 0 days | 1,916 sqft |
2024-01-01 | 0 days | 1,925 sqft |
2024-02-01 | 0 days | 1,924 sqft |
2024-03-01 | 0 days | 1,924 sqft |
2024-04-01 | 0 days | 1,871 sqft |
2024-05-01 | 0 days | 1,977 sqft |
2024-06-01 | 0 days | 2,048 sqft |
2024-07-01 | 0 days | 2,010 sqft |
2024-08-01 | 0 days | 1,956 sqft |
2024-09-01 | 0 days | 1,926 sqft |
Vicksburg's median square footage for active listings during the 2024-09-01 period was 1,926 sqft. One year prior, the average listing was 1,853 sqft.
Vicksburg, MS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 324 | $56,430,000 | $174,167 |
Refi | 90 | $11,760,000 | $130,667 |
Other | 56 | $4,870,000 | $86,964 |
Cash Out Refi | 44 | $6,170,000 | $140,227 |
Home Improvement | 41 | $2,785,000 | $67,927 |
Vicksburg's most frequently cited loan purpose was Home Purchase, with 324 originations. The 2nd most popular reason was Refi, with 90 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
6-7% | 148 | $29,420,000 | $198,784 |
7-8% | 104 | $16,000,000 | $153,846 |
Over 8% | 92 | $7,150,000 | $77,717 |
5-6% | 66 | $15,130,000 | $229,242 |
<2.5% | 21 | $105,000 | $5,000 |
4-5% | 4 | $730,000 | $182,500 |
3-4% | 3 | $255,000 | $85,000 |
2.5-3% | 3 | $445,000 | $148,333 |
During 2023, Vicksburg's most frequently originated rate bucket was 6-7%, with 148 originations.
Loan Sizing (Vicksburg, MS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 226 | $11,100,000 | $49,115 |
$100k-200k | 197 | $29,035,000 | $147,386 |
$200k-400k | 113 | $30,365,000 | $268,717 |
$400k-600k | 15 | $6,905,000 | $460,333 |
$600k-1000k | 3 | $2,195,000 | $731,667 |
$Over $1MM | 1 | $2,415,000 | $2,415,000 |
Vicksburg's loan sizing saw the bucket of loans from $100,000 or less with 226 originations, totaling $11,100,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 244 | $47,140,000 | $193,197 |
Under 20% | 61 | $1,415,000 | $23,197 |
60-80% | 53 | $11,025,000 | $208,019 |
40-60% | 41 | $5,345,000 | $130,366 |
20-40% | 36 | $2,470,000 | $68,611 |
Over 100% | 7 | $1,705,000 | $243,571 |
Vicksburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 244 originations, totaling $47,140,000 in origination value.