Fayetteville USDA Loan Rates, Closing Costs & Stats

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 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.