Fayetteville USDA Loan Rates, Closing Costs & Stats

FAYETTEVILLE-SPRINGDALE-ROGERS, 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.

    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 0.04% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

    Fayetteville's average USDA mortgage closing costs are $4,285.

    The average rate for the prior week (2022-11-18) was 6.49% and one month ago for the week of 2022-10-21, the average rate was 6.7%.

    The average rate one year ago was 3.34%.

    For refis of the same type during the week of 2022-11-25, the average rate was 0.01%.

    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/closing costs 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. Closing Costs
    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%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fayetteville (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 $267,525 (7.0%) $350,035 (5.1%) 0.99 2,380
    2018-02-01 $278,025 (7.4%) $361,304 (7.7%) 1.01 2,267
    2018-03-01 $283,900 (5.3%) $368,328 (7.3%) 1.00 2,313
    2018-04-01 $289,925 (3.9%) $375,340 (7.4%) 0.98 2,304
    2018-05-01 $296,466 (4.7%) $379,474 (5.7%) 0.99 2,336
    2018-06-01 $295,000 (4.5%) $378,603 (5.4%) 0.98 2,439
    2018-07-01 $299,450 (7.3%) $389,967 (10.6%) 1.00 2,629
    2018-08-01 $295,000 (5.9%) $382,699 (9.6%) 0.99 2,716
    2018-09-01 $285,000 (3.6%) $371,275 (8.8%) 0.96 2,750
    2018-10-01 $279,950 (2.0%) $370,807 (7.4%) 0.95 2,795
    2018-11-01 $277,000 (2.6%) $366,236 (6.3%) 0.94 2,792
    2018-12-01 $276,675 (4.4%) $362,875 (5.5%) 0.95 2,665
    2019-01-01 $276,000 (3.2%) $360,833 (3.1%) 0.95 2,494
    2019-02-01 $277,950 (0.0%) $366,605 (1.5%) 0.94 2,503
    2019-03-01 $287,036 (1.1%) $376,269 (2.2%) 0.94 2,450
    2019-04-01 $291,411 (0.5%) $382,205 (1.8%) 0.93 2,405
    2019-05-01 $297,300 (0.3%) $391,376 (3.1%) 0.93 2,408
    2019-06-01 $299,000 (1.4%) $396,423 (4.7%) 0.93 2,436
    2019-07-01 $299,900 (0.2%) $397,459 (1.9%) 0.94 2,423
    2019-08-01 $295,545 (0.2%) $389,440 (1.8%) 0.94 2,431
    2019-09-01 $291,864 (2.4%) $383,900 (3.4%) 0.93 2,418
    2019-10-01 $289,859 (3.5%) $383,534 (3.4%) 0.94 2,368
    2019-11-01 $285,400 (3.0%) $382,155 (4.4%) 0.94 2,217
    2019-12-01 $283,500 (2.5%) $382,810 (5.5%) 0.95 2,006
    2020-01-01 $284,763 (3.2%) $385,003 (6.7%) 0.95 1,844
    2020-02-01 $294,900 (6.1%) $401,891 (9.6%) 0.96 1,669
    2020-03-01 $299,950 (4.5%) $410,914 (9.2%) 0.94 1,584
    2020-04-01 $295,000 (1.2%) $403,499 (5.6%) 0.92 1,704
    2020-05-01 $299,900 (0.9%) $418,052 (6.8%) 0.91 1,568
    2020-06-01 $312,500 (4.5%) $435,847 (9.9%) 0.92 1,358
    2020-07-01 $309,350 (3.2%) $435,537 (9.6%) 0.90 1,261
    2020-08-01 $315,900 (6.9%) $443,019 (13.8%) 0.91 1,104
    2020-09-01 $312,554 (7.1%) $441,359 (15.0%) 0.90 1,069
    2020-10-01 $299,900 (3.5%) $425,696 (11.0%) 0.86 1,058
    2020-11-01 $295,095 (3.4%) $427,534 (11.9%) 0.86 961
    2020-12-01 $287,450 (1.4%) $425,542 (11.2%) 0.85 873
    2021-01-01 $289,950 (1.8%) $433,651 (12.6%) 0.87 731
    2021-02-01 $297,870 (1.0%) $449,122 (11.8%) 0.87 591
    2021-03-01 $299,350 (-0.2%) $484,037 (17.8%) 0.85 566
    2021-04-01 $313,556 (6.3%) $489,602 (21.3%) 0.85 590
    2021-05-01 $329,950 (10.0%) $506,429 (21.1%) 0.87 581
    2021-06-01 $334,125 (6.9%) $506,706 (16.3%) 0.88 684
    2021-07-01 $340,000 (9.9%) $498,496 (14.5%) 0.90 811
    2021-08-01 $349,944 (10.8%) $505,695 (14.2%) 0.93 908
    2021-09-01 $350,032 (12.0%) $519,394 (17.7%) 0.93 897
    2021-10-01 $350,000 (16.7%) $528,432 (24.1%) 0.93 919
    2021-11-01 $364,000 (23.4%) $551,656 (29.0%) 0.97 837
    2021-12-01 $370,041 (28.7%) $569,455 (33.8%) 1.00 729
    2022-01-01 $385,000 (32.8%) $615,753 (42.0%) 1.04 544
    2022-02-01 $400,000 (34.3%) $639,260 (42.3%) 1.04 474
    2022-03-01 $410,450 (37.1%) $648,631 (34.0%) 1.03 482
    2022-04-01 $429,900 (37.1%) $655,738 (33.9%) 1.03 513
    2022-05-01 $423,723 (28.4%) $617,960 (22.0%) 0.97 705
    2022-06-01 $435,000 (30.2%) $600,345 (18.5%) 0.97 923
    2022-07-01 $424,950 (25.0%) $578,800 (16.1%) 0.96 1,313
    2022-08-01 $414,373 (18.4%) $577,226 (14.2%) 0.96 1,415
    2022-09-01 $407,500 (16.4%) $578,848 (11.5%) 0.95 1,440
    2022-10-01 $414,994 (18.6%) $580,230 (9.8%) 0.98 1,587
    Fayetteville's median listing price for 2022-10-01 was $414,994, a difference of $64,994 (18.6%) versus the prior year and $7,494 versus the prior month.

    Fayetteville's median listing price comes in at 98% of the national average.

    Fayetteville's average listing price for 2022-10-01 was $580,230, a difference of $51,798 (9.8%) versus the prior year and $1,382 versus the prior month.

    For the 2022-10-01 period, Fayetteville had 1,587 MLS listings, a difference of 147 listings (10%) versus the prior month and 668 listings (73%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fayetteville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 89 days 2,254 sqft
    2018-02-01 85 days 2,305 sqft
    2018-03-01 66 days 2,290 sqft
    2018-04-01 61 days 2,326 sqft
    2018-05-01 63 days 2,381 sqft
    2018-06-01 62 days 2,388 sqft
    2018-07-01 56 days 2,401 sqft
    2018-08-01 60 days 2,369 sqft
    2018-09-01 67 days 2,320 sqft
    2018-10-01 72 days 2,280 sqft
    2018-11-01 73 days 2,245 sqft
    2018-12-01 82 days 2,231 sqft
    2019-01-01 88 days 2,221 sqft
    2019-02-01 83 days 2,233 sqft
    2019-03-01 72 days 2,280 sqft
    2019-04-01 64 days 2,316 sqft
    2019-05-01 58 days 2,346 sqft
    2019-06-01 63 days 2,355 sqft
    2019-07-01 67 days 2,361 sqft
    2019-08-01 68 days 2,316 sqft
    2019-09-01 70 days 2,283 sqft
    2019-10-01 71 days 2,261 sqft
    2019-11-01 73 days 2,232 sqft
    2019-12-01 92 days 2,210 sqft
    2020-01-01 95 days 2,226 sqft
    2020-02-01 87 days 2,276 sqft
    2020-03-01 64 days 2,294 sqft
    2020-04-01 58 days 2,234 sqft
    2020-05-01 65 days 2,274 sqft
    2020-06-01 60 days 2,300 sqft
    2020-07-01 56 days 2,226 sqft
    2020-08-01 56 days 2,234 sqft
    2020-09-01 65 days 2,198 sqft
    2020-10-01 66 days 2,132 sqft
    2020-11-01 72 days 2,067 sqft
    2020-12-01 71 days 2,028 sqft
    2021-01-01 66 days 2,013 sqft
    2021-02-01 57 days 1,980 sqft
    2021-03-01 45 days 1,971 sqft
    2021-04-01 35 days 1,978 sqft
    2021-05-01 38 days 2,013 sqft
    2021-06-01 36 days 2,074 sqft
    2021-07-01 36 days 2,075 sqft
    2021-08-01 35 days 2,025 sqft
    2021-09-01 40 days 2,048 sqft
    2021-10-01 41 days 2,038 sqft
    2021-11-01 45 days 2,144 sqft
    2021-12-01 51 days 2,134 sqft
    2022-01-01 62 days 2,144 sqft
    2022-02-01 50 days 2,203 sqft
    2022-03-01 39 days 2,165 sqft
    2022-04-01 36 days 2,116 sqft
    2022-05-01 32 days 2,107 sqft
    2022-06-01 32 days 2,172 sqft
    2022-07-01 34 days 2,143 sqft
    2022-08-01 44 days 2,094 sqft
    2022-09-01 50 days 2,085 sqft
    2022-10-01 52 days 2,100 sqft
    Fayetteville's median listing age (time on market) for 2022-10-01 was 52 days. This is 27% longer than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2022-10-01 period was 2,100 sqft. One year prior, the average listing was 2,038 sqft.