Batesville USDA Loan Rates, Closing Costs & Stats

Batesville, AR

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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.

    Batesville's 21 lenders originated 104 USDA loans during 2021. The total origination value was $12,550,000, with an average USDA loan value of $120,673.

    Batesville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Batesville averaged 6.3% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Batesville's average USDA mortgage closing costs are $3,902.

    The average rate for the prior week (2022-11-25) was 6.43% and one month ago for the week of 2022-10-28, the average rate was 6.9%.

    The average rate one year ago was 3.6%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.46%.

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

    Batesville 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 Batesville level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    First Community Bank 36 2.71% $4,653
    Renasant Bank 11 2.86% $5,357
    MORTGAGE INVESTORS GROUP, INC. 8 3.00% $5,206
    Centennial Bank 7 2.50% $3,929
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 3.23% $3,964
    Bank of England 4 3.09% $4,357
    U.S. Bank 3 3.12% $4,108
    DAS Acquisition Company, LLC 3 4.08% $4,581
    GUILD MORTGAGE COMPANY 3 2.88% $4,700
    Arvest Bank 2 2.63% $4,105
    FirstTrust Home Loans, Inc. 2 3.19% $4,186
    ENCORE BANK 1 2.75% $5,238
    Independent Bank 1 3.88% $3,670
    MID AMERICA MORTGAGE, INC. 1 3.25% $3,029
    CMG MORTGAGE, INC. 1 3.75% $3,217
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.25% $3,783
    Southern Bank 1 3.00% $3,350
    TELCOE FEDERAL CREDIT UNION 1 3.25% $4,409
    TJC Mortgage, Inc. 1 2.75% $3,654
    EVERETT FINANCIAL, INC. 1 3.38% $3,114
    ACADEMY MORTGAGE CORPORATION 1 4.13% $5,135

    The top Batesville USDA lender as defined by loan originations is First Community Bank, with 36 USDA loans originated. Their average total fees are $4,653, which is $703 lower than the next largest lender, Renasant Bank.

    The lowest fee Batesville USDA lenders (with over 10 loans originated) are First Community Bank ($4,653), Renasant Bank ($5,357), .

    The lowest rate Batesville USDA lenders (with over 10 loans originated) are First Community Bank (2.71%), Renasant Bank (2.86%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Batesville (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 $119,950 (22.0%) $168,246 (24.4%) 0.00 413
    2018-02-01 $116,450 (17.6%) $160,256 (15.8%) 0.00 415
    2018-03-01 $117,950 (19.0%) $160,270 (14.4%) 0.00 458
    2018-04-01 $118,500 (10.8%) $164,576 (15.2%) 0.00 467
    2018-05-01 $116,250 (1.1%) $163,309 (9.6%) 0.00 482
    2018-06-01 $115,000 (-3.9%) $159,722 (3.8%) 0.00 480
    2018-07-01 $115,000 (-4.1%) $157,518 (2.1%) 0.00 484
    2018-08-01 $117,650 (-1.9%) $163,866 (5.2%) 0.00 473
    2018-09-01 $118,750 (1.1%) $164,723 (8.3%) 0.00 481
    2018-10-01 $119,900 (1.6%) $165,548 (6.1%) 0.00 477
    2018-11-01 $120,000 (0.8%) $167,746 (5.5%) 0.00 462
    2018-12-01 $129,250 (3.9%) $177,280 (6.3%) 0.00 440
    2019-01-01 $126,250 (5.3%) $176,695 (5.0%) 0.00 420
    2019-02-01 $129,000 (10.8%) $178,543 (11.4%) 0.00 423
    2019-03-01 $133,800 (13.4%) $180,841 (12.8%) 0.00 410
    2019-04-01 $138,350 (16.8%) $182,884 (11.1%) 0.00 408
    2019-05-01 $138,500 (19.1%) $184,098 (12.7%) 0.00 408
    2019-06-01 $139,000 (20.9%) $182,338 (14.2%) 0.00 408
    2019-07-01 $136,500 (18.7%) $178,583 (13.4%) 0.00 398
    2019-08-01 $134,364 (14.2%) $176,741 (7.9%) 0.00 388
    2019-09-01 $131,909 (11.1%) $174,581 (6.0%) 0.00 370
    2019-10-01 $130,000 (8.4%) $169,724 (2.5%) 0.00 360
    2019-11-01 $127,700 (6.4%) $162,460 (-3.2%) 0.00 357
    2019-12-01 $129,925 (0.5%) $164,158 (-7.4%) 0.00 339
    2020-01-01 $131,225 (3.9%) $167,961 (-4.9%) 0.00 326
    2020-02-01 $134,900 (4.6%) $168,547 (-5.6%) 0.00 330
    2020-03-01 $138,175 (3.3%) $172,530 (-4.6%) 0.00 324
    2020-04-01 $135,950 (-1.7%) $169,178 (-7.5%) 0.00 317
    2020-05-01 $141,900 (2.5%) $174,918 (-5.0%) 0.00 307
    2020-06-01 $148,950 (7.2%) $183,562 (0.7%) 0.00 281
    2020-07-01 $154,970 (13.5%) $192,630 (7.9%) 0.00 259
    2020-08-01 $165,000 (22.8%) $204,880 (15.9%) 0.00 227
    2020-09-01 $163,725 (24.1%) $208,845 (19.6%) 0.00 218
    2020-10-01 $169,000 (30.0%) $209,461 (23.4%) 0.00 219
    2020-11-01 $164,175 (28.6%) $204,034 (25.6%) 0.00 208
    2020-12-01 $161,950 (24.7%) $204,755 (24.7%) 0.00 201
    2021-01-01 $168,500 (28.4%) $207,648 (23.6%) 0.00 189
    2021-02-01 $167,650 (24.3%) $209,234 (24.1%) 0.00 173
    2021-03-01 $167,675 (21.4%) $211,558 (22.6%) 0.00 154
    2021-04-01 $177,100 (30.3%) $239,336 (41.5%) 0.00 132
    2021-05-01 $177,000 (24.7%) $228,864 (30.8%) 0.00 133
    2021-06-01 $171,500 (15.1%) $220,418 (20.1%) 0.00 142
    2021-07-01 $172,000 (11.0%) $227,394 (18.1%) 0.00 139
    2021-08-01 $167,000 (1.2%) $232,595 (13.5%) 0.00 144
    2021-09-01 $177,225 (8.3%) $229,039 (9.7%) 0.00 144
    2021-10-01 $187,000 (10.7%) $228,770 (9.2%) 0.00 137
    2021-11-01 $181,225 (10.4%) $229,851 (12.7%) 0.00 124
    2021-12-01 $188,450 (16.4%) $235,103 (14.8%) 0.00 123
    2022-01-01 $178,950 (6.2%) $224,118 (7.9%) 0.00 123
    2022-02-01 $173,425 (3.4%) $214,004 (2.3%) 0.00 121
    2022-03-01 $167,000 (-0.4%) $206,832 (-2.2%) 0.00 112
    2022-04-01 $189,000 (6.7%) $249,202 (4.1%) 0.00 125
    2022-05-01 $188,000 (6.2%) $253,559 (10.8%) 0.00 148
    2022-06-01 $195,850 (14.2%) $259,886 (17.9%) 0.00 166
    2022-07-01 $190,000 (10.5%) $255,308 (12.3%) 0.00 184
    2022-08-01 $189,900 (13.7%) $254,513 (9.4%) 0.00 193
    2022-09-01 $198,950 (12.3%) $267,641 (16.9%) 0.00 188
    2022-10-01 $199,900 (6.9%) $276,613 (20.9%) 0.00 194
    2022-11-01 $199,450 (10.1%) $280,309 (22.0%) 0.00 195
    Batesville's median listing price for 2022-11-01 was $199,450, a difference of $18,225 (10.1%) versus the prior year and $-450 versus the prior month.

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

    Batesville's average listing price for 2022-11-01 was $280,309, a difference of $50,458 (22.0%) versus the prior year and $3,696 versus the prior month.

    For the 2022-11-01 period, Batesville had 195 MLS listings, a difference of 1 listings (1%) versus the prior month and 71 listings (57%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Batesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,700 sqft
    2018-02-01 0 days 1,673 sqft
    2018-03-01 0 days 1,620 sqft
    2018-04-01 0 days 1,601 sqft
    2018-05-01 0 days 1,602 sqft
    2018-06-01 0 days 1,602 sqft
    2018-07-01 0 days 1,608 sqft
    2018-08-01 0 days 1,620 sqft
    2018-09-01 0 days 1,617 sqft
    2018-10-01 0 days 1,646 sqft
    2018-11-01 0 days 1,649 sqft
    2018-12-01 0 days 1,670 sqft
    2019-01-01 0 days 1,675 sqft
    2019-02-01 0 days 1,704 sqft
    2019-03-01 0 days 1,736 sqft
    2019-04-01 0 days 1,748 sqft
    2019-05-01 0 days 1,761 sqft
    2019-06-01 0 days 1,766 sqft
    2019-07-01 0 days 1,780 sqft
    2019-08-01 0 days 1,768 sqft
    2019-09-01 0 days 1,750 sqft
    2019-10-01 0 days 1,742 sqft
    2019-11-01 0 days 1,725 sqft
    2019-12-01 0 days 1,718 sqft
    2020-01-01 0 days 1,740 sqft
    2020-02-01 0 days 1,747 sqft
    2020-03-01 0 days 1,748 sqft
    2020-04-01 0 days 1,720 sqft
    2020-05-01 0 days 1,758 sqft
    2020-06-01 0 days 1,807 sqft
    2020-07-01 0 days 1,806 sqft
    2020-08-01 0 days 1,869 sqft
    2020-09-01 0 days 1,896 sqft
    2020-10-01 0 days 1,916 sqft
    2020-11-01 0 days 1,831 sqft
    2020-12-01 0 days 1,843 sqft
    2021-01-01 0 days 1,848 sqft
    2021-02-01 0 days 1,879 sqft
    2021-03-01 0 days 1,856 sqft
    2021-04-01 0 days 1,880 sqft
    2021-05-01 0 days 1,782 sqft
    2021-06-01 0 days 1,811 sqft
    2021-07-01 0 days 1,856 sqft
    2021-08-01 0 days 1,763 sqft
    2021-09-01 0 days 1,732 sqft
    2021-10-01 0 days 1,677 sqft
    2021-11-01 0 days 1,707 sqft
    2021-12-01 0 days 1,744 sqft
    2022-01-01 0 days 1,745 sqft
    2022-02-01 0 days 1,660 sqft
    2022-03-01 0 days 1,598 sqft
    2022-04-01 0 days 1,610 sqft
    2022-05-01 0 days 1,649 sqft
    2022-06-01 0 days 1,717 sqft
    2022-07-01 0 days 1,688 sqft
    2022-08-01 0 days 1,691 sqft
    2022-09-01 0 days 1,666 sqft
    2022-10-01 0 days 1,694 sqft
    2022-11-01 0 days 1,753 sqft
    Batesville's median listing age (time on market) for 2022-11-01 was 0 days.

    Batesville's median square footage for active listings during the 2022-11-01 period was 1,753 sqft. One year prior, the average listing was 1,707 sqft.