Mississippi USDA Loan Rates, Closing Costs & Stats

Mississippi

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Mississippi USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mississippi averaged 6.56% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Mississippi's average USDA mortgage closing costs are $4,984.

    The average rate for the prior week (2025-03-28) was 6.52% and one month ago for the week of 2025-02-28, the average rate was 6.67%.

    The average rate one year ago was 6.73%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.11%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Mississippi USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Mississippi level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Trustmark National Bank 78 6.04% $6,297
    Renasant Bank 68 6.54% $6,136
    Flagstar Bank, FSB 60 6.45% $7,128
    STOCKTON MORTGAGE CORPORATION 52 5.75% $7,384
    BancorpSouth 49 6.40% $5,711
    CROSSCOUNTRY MORTGAGE, LLC 42 6.61% $7,206
    Magnolia Bank 40 6.24% $6,624
    CMG MORTGAGE, INC. 40 6.57% $7,732
    PLANET HOME LENDING, LLC 38 6.43% $8,001
    American Mortgage Bank, LLC 38 6.57% $8,053
    Regions Bank 38 6.26% $6,460
    GMFS LLC 35 6.23% $5,002
    FIRST COMMUNITY MORTGAGE, INC. 33 6.07% $6,323
    GENEVA FINANCIAL, LLC 29 6.28% $9,193
    GUILD MORTGAGE COMPANY 26 6.41% $6,390
    DHI MORTGAGE COMPANY, LTD. 21 4.85% $4,820
    Nations Lending Corporation 19 6.83% $3,550
    Equity Prime Mortgage LLC 19 6.34% $7,407
    SWBC MORTGAGE CORPORATION 19 5.96% $5,188
    UNITED WHOLESALE MORTGAGE, LLC 18 6.37% $7,517
    BankPlus 18 6.20% $4,753
    Community Bank of Mississippi 18 6.08% $3,776
    TOWNE MORTGAGE COMPANY 16 6.22% $6,208
    Paramount Residential Mortgage Group, Inc. 15 6.33% $8,678
    Bank of England 14 6.33% $7,968
    MORTGAGE INVESTORS GROUP, INC. 14 6.40% $6,707
    FIRST COLONY MORTGAGE CORPORATION 12 6.16% $8,043
    CARDINAL FINANCIAL 10 6.06% $6,912
    COMMUNITY MORTGAGE CORPORATION 10 5.97% $7,854
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.50% $7,133
    Eagle Bank and Trust Company 9 6.10% $6,720
    Hancock Whitney Bank 9 6.32% $5,954
    EUSTIS AND AMERICAN MORTGAGE COMPANY 8 6.44% $6,993
    BROKER SOLUTIONS, INC. 8 6.67% $8,787
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 6.86% $6,086
    FIDELITY BANK 8 6.69% $6,578
    ACOPIA, LLC 7 6.59% $8,309
    CB&S Bank, Inc. 7 6.05% $4,893
    DELMAR FINANCIAL COMPANY 7 6.34% $7,852
    GUARANTEED RATE, INC. 7 6.57% $7,092
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 7.11% $7,361
    Princeton Mortgage Corporation 7 6.64% $6,235
    UNION HOME MORTGAGE CORP. 7 6.11% $7,587
    OPEN MORTGAGE, LLC 6 7.02% $7,656
    Merchants & Marine Bank 6 6.16% $6,590
    DSLD MORTGAGE, LLC 6 5.33% $3,342
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.55% $8,059
    KEESLER 5 6.15% $4,993
    Origin Bank 5 6.35% $5,731
    Residential Acceptance Corporation 4 7.47% $10,323
    Assurance Financial Group, L.L.C. 4 6.87% $6,197
    The Citizens National Bank of Meridian 3 6.38% $5,600
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.69% $5,762
    LOANDEPOT.COM, LLC 2 6.25% $6,050
    Century Mortgage Company DBA Century Lending Company 2 6.25% $5,655
    LAND HOME FINANCIAL SERVICES, INC. 2 6.06% $7,340
    CANOPY MORTGAGE, LLC 2 6.75% $6,320
    FBC MORTGAGE, LLC 2 5.12% $6,506
    Evolve Bank & Trust 2 6.25% $7,094
    Gulf Coast Bank and Trust Company 2 6.44% $5,846
    AFFORDABLE MORTGAGE ADVISORS, LLC. 2 6.52% $5,642
    Patriot Bank 1 5.38% $10,439
    Barrington Bank & Trust Company, N.A. 1 5.75% $12,316
    PLAZA HOME MORTGAGE, INC. 1 5.50% $9,281
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 6.63% $6,350
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.88% $6,947
    Wolfe Financial, Inc 1 6.75% $13,047
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.13% $12,216
    Servion, Inc. 1 6.75% $4,372
    Simmons Bank 1 6.38% $6,100
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.63% $7,299
    STANDARD MORTGAGE CORPORATION 1 7.25% $5,786
    AMERITRUST MORTGAGE CORPORATION 1 6.25% $12,207
    SUMMIT FUNDING, INC. 1 6.50% $8,107
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $7,980
    Towne Bank 1 6.63% $7,495
    EVERETT FINANCIAL, INC. 1 5.99% $7,662
    EMBRACE HOME LOANS, INC. 1 6.25% $6,843
    EMM LOANS LLC 1 7.13% $6,378
    DIRECT MORTGAGE LOANS, LLC 1 6.75% $7,881
    Grand Bank for Savings, FSB 1 6.00% $5,615
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $8,984
    Cornerstone First Mortgage, Inc 1 6.62% $6,707
    Hamilton Mortgage Corporation 1 7.13% $4,715
    C & F Mortgage Corporation 1 5.88% $5,062
    HOMESIDE FINANCIAL, LLC 1 7.13% $3,759
    HOPE FEDERAL CREDIT UNION 1 6.63% $5,556
    INTERLINC MORTGAGE SERVICES, LLC 1 7.63% $2,589
    LEADERONE FINANCIAL CORPORATION 1 6.62% $5,432
    LIBERTY HOME MORTGAGE CORPORATION 1 6.25% $6,310
    Capital City Home Loans, LLC 1 6.38% $7,311
    Mortgage Research Center, LLC 1 6.25% $3,419
    MOVEMENT MORTGAGE, LLC 1 6.75% $9,102
    Blue Ridge Bank 1 6.13% $5,753
    NEWREZ LLC 1 6.75% $4,015
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.63% $9,693

    The top Mississippi USDA lender as defined by loan originations is Trustmark National Bank, with 78 USDA loans originated. Their average total fees are $6,297, which is $161 higher than the next largest lender, Renasant Bank.

    The lowest fee Mississippi USDA lenders (with over 10 loans originated) are Nations Lending Corporation ($3,550), Community Bank of Mississippi ($3,776), BankPlus ($4,753), DHI MORTGAGE COMPANY, LTD. ($4,820) and GMFS LLC ($5,002).

    The lowest rate Mississippi USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.85%), STOCKTON MORTGAGE CORPORATION (5.75%), SWBC MORTGAGE CORPORATION (5.96%), COMMUNITY MORTGAGE CORPORATION (5.97%) and Trustmark National Bank (6.04%).