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 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.