Batesville USDA Loan Rates, Closing Costs & Stats

Batesville, AR

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.