Fayetteville USDA Loans

FAYETTEVILLE-SPRINGDALE-ROGERS, 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.

Fayetteville's 64 lenders originated 557 USDA loans during 2021. The total origination value was $110,135,000, with an average USDA loan value of $197,729.

Fayetteville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fayetteville averaged 5.13% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-07-29) was 5.36% and one month ago for the week of 2022-07-01, the average rate was 5.49%.

The average rate one year ago was 3.07%.

For refis of the same type during the week of 2022-08-05, the average rate was 4.9%.

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

Fayetteville USDA Loan Lenders by Rates & Fees

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

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Priority Bank 70 2.64% $5,064
FLAT BRANCH MORTGAGE, INC. 66 3.11% $5,068
Arvest Bank 58 2.87% $4,409
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 40 2.85% $4,986
Gateway First Bank 26 2.48% $3,562
OPEN MORTGAGE, LLC 24 2.77% $6,674
First Horizon Bank 17 2.66% $5,057
United Fidelity Funding Corp. 13 2.84% $8,856
FirstTrust Home Loans, Inc. 12 2.71% $4,587
Sierra Pacific Mortgage Company, Inc. 10 2.51% $4,872
First Security Bank 9 2.49% $3,956
Plains Commerce Bank 9 2.76% $4,607
Centennial Bank 8 2.52% $4,961
DAS Acquisition Company, LLC 8 3.38% $5,654
GENEVA FINANCIAL, LLC 8 2.97% $5,306
MASON MCDUFFIE MORTGAGE CORPORATION 7 2.91% $4,750
Chambers Bank 7 2.64% $5,027
COMMUNITY MORTGAGE CORPORATION 7 2.75% $4,695
Regions Bank 7 2.98% $2,954
PRIMARY RESIDENTIAL MORTGAGE, INC. 7 3.43% $5,676
LEADERONE FINANCIAL CORPORATION 6 2.88% $5,183
UNION HOME MORTGAGE CORP. 6 2.48% $4,897
CORNERSTONE HOME LENDING, INC. 6 2.98% $5,136
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.12% $5,004
Eagle Bank and Trust Company 5 2.73% $4,234
MID AMERICA MORTGAGE, INC. 5 2.85% $3,556
ENCORE BANK 5 2.68% $4,573
THRIVE MORTGAGE, LLC 5 2.98% $4,686
Simmons Bank 5 2.83% $4,215
NEWREZ LLC 4 3.31% $4,208
Bank of England 4 2.75% $4,846
UNITED 4 3.03% $5,347
Paramount Residential Mortgage Group, Inc. 4 3.06% $5,326
CALIBER HOME LOANS, INC. 4 2.97% $5,470
GUILD MORTGAGE COMPANY 4 3.06% $8,270
PLAZA HOME MORTGAGE, INC. 4 2.88% $4,713
Citizens Bank 3 3.08% $6,073
GMFS LLC 3 2.54% $4,939
Firstar Bank 3 3.04% $5,284
KELLER MORTGAGE, LLC 2 2.75% $3,496
ASSOCIATED MORTGAGE CORPORATION 2 3.75% $5,612
BOKF 2 3.25% $4,377
Carrington Mortgage Services, LLC 2 3.88% $4,533
Chickasaw Community Bank 2 2.75% $3,662
EVERETT FINANCIAL, INC. 2 3.31% $3,506
First Financial Bank 2 3.63% $4,714
First Guaranty Mortgage Corporation 2 3.38% $4,918
FIRST WESTERN MORTGAGE, INC. 2 3.00% $5,677
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 3.31% $6,922
Paramount Bank 2 2.38% $5,419
PENNYMAC LOAN SERVICES, LLC 1 2.75% $5,505
AMCAP MORTGAGE, LTD. 1 2.25% $4,245
GUARANTY HOME MORTGAGE CORPORATION 1 3.13% $2,111
Flagstar Bank, FSB 1 2.63% $3,890
RELIANCE FIRST CAPITAL, LLC 1 2.50% $3,556
Servion, Inc. 1 2.75% $4,684
First Federal Bank, A FSB 1 2.50% $3,877
BancorpSouth Bank 1 2.88% $5,033
Austin Capital Bank SSB 1 3.25% $6,743
Armstrong Bank 1 3.25% $6,567
ARKANSAS Federal Credit Union 1 3.25% $4,575
AMERICAN FINANCIAL NETWORK, INC. 1 3.38% $6,147
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $4,993
Wells Fargo Bank 1 3.38% $3,039

The top Fayetteville USDA lender as defined by loan originations is Priority Bank, with 70 USDA loans originated. Their average total fees are $5,064, which is $3 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

The lowest fee Fayetteville USDA lenders (with over 10 loans originated) are Gateway First Bank ($3,562), Arvest Bank ($4,409), FirstTrust Home Loans, Inc. ($4,587), Sierra Pacific Mortgage Company, Inc. ($4,872) and HIGHLANDS RESIDENTIAL MORTGAGE, LTD. ($4,986).

The lowest rate Fayetteville USDA lenders (with over 10 loans originated) are Gateway First Bank (2.48%), Sierra Pacific Mortgage Company, Inc. (2.51%), Priority Bank (2.64%), First Horizon Bank (2.66%) and FirstTrust Home Loans, Inc. (2.71%).