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 55 lenders originated 227 USDA loans during 2022. The total origination value was $51,675,000, with an average USDA loan value of $227,643.

    Fayetteville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fayetteville averaged 6.69% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

    Fayetteville's average USDA mortgage closing costs are $4,441.

    The average rate for the prior week (2023-09-15) was 6.65% and one month ago for the week of 2023-08-18, the average rate was 6.55%.

    The average rate one year ago was 5.58%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.7%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Priority Bank 52 4.43% $6,566
    FLAT BRANCH MORTGAGE, INC. 24 4.51% $5,692
    Gateway First Bank 16 4.18% $5,288
    Arvest Bank 14 5.06% $5,307
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 4.72% $5,781
    OPEN MORTGAGE, LLC 7 4.70% $9,149
    FirstTrust Home Loans, Inc. 7 4.86% $5,573
    United Fidelity Funding Corp. 5 4.88% $8,269
    GENEVA FINANCIAL, LLC 5 5.53% $7,370
    ENCORE BANK 5 4.65% $4,846
    PLAZA HOME MORTGAGE, INC. 3 4.17% $5,399
    CALIBER HOME LOANS, INC. 3 5.25% $5,488
    DAS Acquisition Company, LLC 3 4.25% $5,581
    Plains Commerce Bank 3 4.00% $5,603
    Eagle Bank and Trust Company 3 3.25% $4,817
    COMMUNITY MORTGAGE CORPORATION 3 4.21% $6,173
    HOME POINT FINANCIAL CORPORATION 3 4.13% $5,832
    Citizens Bank 3 3.83% $5,446
    Simmons Bank 2 5.63% $5,168
    ASSOCIATED MORTGAGE CORPORATION 2 3.56% $5,901
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 4.00% $5,231
    BROKER SOLUTIONS, INC. 2 5.19% $7,423
    CARDINAL FINANCIAL 2 3.19% $4,923
    Centennial Bank 2 6.25% $5,381
    Century Mortgage Company DBA Century Lending Company 2 5.56% $8,023
    EVERETT FINANCIAL, INC. 2 6.94% $3,859
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.31% $7,897
    FIRST COLONY MORTGAGE CORPORATION 2 4.56% $4,619
    First Horizon Bank 2 4.88% $6,147
    Flagstar Bank, FSB 2 5.99% $5,117
    GERSHMAN INVESTMENT CORP. 2 5.06% $4,554
    GMFS LLC 2 2.88% $4,798
    MID AMERICA MORTGAGE, INC. 2 4.38% $7,602
    Paramount Residential Mortgage Group, Inc. 2 5.50% $6,258
    Regions Bank 2 5.38% $6,414
    S1L, Inc. 2 3.69% $5,225
    MASON MCDUFFIE MORTGAGE CORPORATION 1 5.63% $5,636
    UNION HOME MORTGAGE CORP. 1 2.25% $5,937
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.75% $6,731
    Equity Bank 1 6.75% $4,619
    ARKANSAS Federal Credit Union 1 6.00% $10,536
    DRAPER AND KRAMER MORTGAGE CORP. 1 3.50% $8,290
    Chambers Bank 1 2.63% $4,515
    ASHLAND Credit Union 1 6.13% $4,504
    UNITED WHOLESALE MORTGAGE, LLC 1 5.75% $6,715
    RUOFF MORTGAGE COMPANY, INC. 1 4.50% $5,626
    U.S. Bank 1 3.99% $3,241
    Signature Bank of Arkansas 1 3.13% $5,059
    ACADEMY MORTGAGE CORPORATION 1 5.25% $11,482
    The Central Trust Bank 1 6.75% $6,769
    THRIVE MORTGAGE, LLC 1 2.75% $5,251
    GUILD MORTGAGE COMPANY 1 3.88% $8,014
    GUARANTEED RATE, INC. 1 5.23% $5,773
    FIRST WESTERN MORTGAGE, INC. 1 3.63% $5,553
    KELLER MORTGAGE, LLC 1 2.88% $4,781

    The top Fayetteville USDA lender as defined by loan originations is Priority Bank, with 52 USDA loans originated. Their average total fees are $6,566, which is $874 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Fayetteville USDA lenders (with over 10 loans originated) are Gateway First Bank ($5,288), Arvest Bank ($5,307), FLAT BRANCH MORTGAGE, INC. ($5,692), Priority Bank ($6,566) and .

    The lowest rate Fayetteville USDA lenders (with over 10 loans originated) are Gateway First Bank (4.18%), Priority Bank (4.43%), FLAT BRANCH MORTGAGE, INC. (4.51%), Arvest Bank (5.06%) and .

    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 $286,971 (1.1%) $376,735 (2.3%) 0.94 2,450
    2019-04-01 $291,346 (0.5%) $382,573 (1.9%) 0.93 2,404
    2019-05-01 $297,300 (0.3%) $391,374 (3.1%) 0.93 2,407
    2019-06-01 $299,000 (1.4%) $396,469 (4.7%) 0.93 2,435
    2019-07-01 $299,900 (0.2%) $397,506 (1.9%) 0.94 2,419
    2019-08-01 $295,545 (0.2%) $389,400 (1.8%) 0.94 2,427
    2019-09-01 $291,864 (2.4%) $383,919 (3.4%) 0.93 2,414
    2019-10-01 $289,859 (3.5%) $383,598 (3.5%) 0.94 2,364
    2019-11-01 $285,000 (2.9%) $382,073 (4.3%) 0.93 2,213
    2019-12-01 $283,400 (2.4%) $382,725 (5.5%) 0.95 2,002
    2020-01-01 $284,500 (3.1%) $384,916 (6.7%) 0.95 1,840
    2020-02-01 $294,500 (6.0%) $401,831 (9.6%) 0.97 1,665
    2020-03-01 $299,950 (4.5%) $410,871 (9.1%) 0.94 1,580
    2020-04-01 $295,000 (1.3%) $403,443 (5.5%) 0.92 1,700
    2020-05-01 $299,900 (0.9%) $418,025 (6.8%) 0.91 1,564
    2020-06-01 $312,500 (4.5%) $435,861 (9.9%) 0.92 1,354
    2020-07-01 $309,052 (3.1%) $435,552 (9.6%) 0.90 1,257
    2020-08-01 $315,000 (6.6%) $443,059 (13.8%) 0.90 1,100
    2020-09-01 $312,431 (7.1%) $441,393 (15.0%) 0.90 1,065
    2020-10-01 $299,900 (3.5%) $425,684 (11.0%) 0.86 1,054
    2020-11-01 $294,770 (3.4%) $427,526 (11.9%) 0.86 957
    2020-12-01 $287,450 (1.4%) $425,526 (11.2%) 0.86 869
    2021-01-01 $289,900 (1.9%) $433,667 (12.7%) 0.87 727
    2021-02-01 $297,870 (1.1%) $449,224 (11.8%) 0.87 587
    2021-03-01 $299,231 (-0.2%) $484,332 (17.9%) 0.85 562
    2021-04-01 $312,616 (6.0%) $489,913 (21.4%) 0.85 586
    2021-05-01 $329,950 (10.0%) $506,815 (21.2%) 0.88 577
    2021-06-01 $334,125 (6.9%) $507,048 (16.3%) 0.88 680
    2021-07-01 $340,000 (10.0%) $498,584 (14.5%) 0.90 808
    2021-08-01 $349,947 (11.1%) $506,027 (14.2%) 0.93 904
    2021-09-01 $350,032 (12.0%) $519,440 (17.7%) 0.93 894
    2021-10-01 $350,000 (16.7%) $528,404 (24.1%) 0.93 916
    2021-11-01 $363,737 (23.4%) $551,515 (29.0%) 0.97 835
    2021-12-01 $369,416 (28.5%) $569,483 (33.8%) 1.00 726
    2022-01-01 $385,000 (32.8%) $616,318 (42.1%) 1.04 541
    2022-02-01 $400,000 (34.3%) $639,990 (42.5%) 1.04 471
    2022-03-01 $410,950 (37.3%) $649,346 (34.1%) 1.03 479
    2022-04-01 $429,900 (37.5%) $656,448 (34.0%) 1.02 510
    2022-05-01 $424,125 (28.5%) $618,518 (22.0%) 0.97 701
    2022-06-01 $435,000 (30.2%) $600,955 (18.5%) 0.97 919
    2022-07-01 $425,000 (25.0%) $579,193 (16.2%) 0.96 1,309
    2022-08-01 $415,105 (18.6%) $577,589 (14.1%) 0.96 1,411
    2022-09-01 $407,500 (16.4%) $579,203 (11.5%) 0.95 1,436
    2022-10-01 $415,000 (18.6%) $580,573 (9.9%) 0.98 1,583
    2022-11-01 $403,475 (10.9%) $580,480 (5.3%) 0.97 1,773
    2022-12-01 $397,000 (7.5%) $564,660 (-0.9%) 0.98 1,724
    2023-01-01 $399,450 (3.8%) $557,960 (-9.5%) 0.99 1,671
    2023-02-01 $402,988 (0.8%) $567,031 (-11.4%) 0.97 1,581
    2023-03-01 $407,250 (-0.9%) $571,518 (-12.0%) 0.96 1,530
    2023-04-01 $412,459 (-4.1%) $580,205 (-11.6%) 0.96 1,514
    2023-05-01 $420,100 (-1.0%) $591,634 (-4.4%) 0.95 1,548
    2023-06-01 $423,700 (-2.6%) $584,215 (-2.8%) 0.95 1,614
    2023-07-01 $426,578 (0.4%) $580,661 (0.3%) 0.97 1,679
    2023-08-01 $433,500 (4.4%) $582,112 (0.8%) 1.00 1,770
    Fayetteville's median listing price for 2023-08-01 was $433,500, a difference of $18,395 (4.4%) versus the prior year and $6,922 versus the prior month.

    Fayetteville's median listing price comes in at 100% of the national average.

    Fayetteville's average listing price for 2023-08-01 was $582,112, a difference of $4,523 (0.8%) versus the prior year and $1,451 versus the prior month.

    For the 2023-08-01 period, Fayetteville had 1,770 MLS listings, a difference of 91 listings (5%) versus the prior month and 359 listings (25%) 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 85 days 2,254 sqft
    2018-02-01 82 days 2,305 sqft
    2018-03-01 61 days 2,290 sqft
    2018-04-01 58 days 2,326 sqft
    2018-05-01 60 days 2,381 sqft
    2018-06-01 60 days 2,388 sqft
    2018-07-01 53 days 2,401 sqft
    2018-08-01 58 days 2,369 sqft
    2018-09-01 65 days 2,320 sqft
    2018-10-01 68 days 2,280 sqft
    2018-11-01 71 days 2,245 sqft
    2018-12-01 80 days 2,231 sqft
    2019-01-01 85 days 2,221 sqft
    2019-02-01 78 days 2,233 sqft
    2019-03-01 68 days 2,279 sqft
    2019-04-01 60 days 2,315 sqft
    2019-05-01 56 days 2,346 sqft
    2019-06-01 59 days 2,355 sqft
    2019-07-01 64 days 2,361 sqft
    2019-08-01 65 days 2,314 sqft
    2019-09-01 65 days 2,282 sqft
    2019-10-01 66 days 2,261 sqft
    2019-11-01 70 days 2,231 sqft
    2019-12-01 87 days 2,210 sqft
    2020-01-01 90 days 2,225 sqft
    2020-02-01 80 days 2,275 sqft
    2020-03-01 60 days 2,292 sqft
    2020-04-01 54 days 2,233 sqft
    2020-05-01 60 days 2,272 sqft
    2020-06-01 57 days 2,298 sqft
    2020-07-01 51 days 2,225 sqft
    2020-08-01 52 days 2,232 sqft
    2020-09-01 60 days 2,198 sqft
    2020-10-01 64 days 2,130 sqft
    2020-11-01 66 days 2,066 sqft
    2020-12-01 68 days 2,026 sqft
    2021-01-01 61 days 2,009 sqft
    2021-02-01 53 days 1,977 sqft
    2021-03-01 44 days 1,968 sqft
    2021-04-01 34 days 1,976 sqft
    2021-05-01 37 days 2,013 sqft
    2021-06-01 35 days 2,073 sqft
    2021-07-01 35 days 2,072 sqft
    2021-08-01 34 days 2,024 sqft
    2021-09-01 39 days 2,048 sqft
    2021-10-01 40 days 2,037 sqft
    2021-11-01 45 days 2,142 sqft
    2021-12-01 51 days 2,133 sqft
    2022-01-01 59 days 2,142 sqft
    2022-02-01 48 days 2,200 sqft
    2022-03-01 38 days 2,159 sqft
    2022-04-01 34 days 2,112 sqft
    2022-05-01 31 days 2,102 sqft
    2022-06-01 31 days 2,171 sqft
    2022-07-01 33 days 2,141 sqft
    2022-08-01 42 days 2,093 sqft
    2022-09-01 49 days 2,084 sqft
    2022-10-01 51 days 2,100 sqft
    2022-11-01 47 days 2,073 sqft
    2022-12-01 60 days 2,052 sqft
    2023-01-01 77 days 2,052 sqft
    2023-02-01 72 days 2,065 sqft
    2023-03-01 60 days 2,072 sqft
    2023-04-01 54 days 2,076 sqft
    2023-05-01 50 days 2,081 sqft
    2023-06-01 49 days 2,083 sqft
    2023-07-01 52 days 2,090 sqft
    2023-08-01 52 days 2,093 sqft
    Fayetteville's median listing age (time on market) for 2023-08-01 was 52 days. This is 23% longer than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2023-08-01 period was 2,093 sqft. One year prior, the average listing was 2,093 sqft.