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 38 lenders originated 151 USDA loans during 2023. The total origination value was $35,875,000, with an average USDA loan value of $237,583.

    Fayetteville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fayetteville averaged -0.23% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Fayetteville's average USDA mortgage closing costs are $4,576.

    The average rate for the prior week (2024-11-08) was 6.43% and one month ago for the week of 2024-10-11, the average rate was 6.19%.

    The average rate one year ago was 7.12%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.17%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Priority Bank 33 6.23% $7,234
    FLAT BRANCH MORTGAGE, INC. 19 6.79% $7,191
    Arvest Bank 12 6.61% $5,124
    DHI MORTGAGE COMPANY, LTD. 12 5.56% $5,583
    CORNERSTONE HOME LENDING, INC. 11 6.51% $6,595
    ENCORE BANK 5 6.45% $6,929
    LEADERONE FINANCIAL CORPORATION 5 7.05% $7,266
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.94% $5,860
    BROKER SOLUTIONS, INC. 4 5.97% $8,354
    GERSHMAN INVESTMENT CORP. 4 5.78% $5,501
    ASSOCIATED MORTGAGE CORPORATION 3 6.21% $7,665
    Gateway First Bank 3 6.08% $7,342
    Sierra Pacific Mortgage Company, Inc. 2 6.38% $7,620
    GUILD MORTGAGE COMPANY 2 7.25% $8,264
    BOKF 2 6.00% $8,427
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 7.19% $8,805
    PLAZA HOME MORTGAGE, INC. 2 7.00% $5,637
    MID AMERICA MORTGAGE, INC. 2 6.94% $3,849
    Eagle Bank and Trust Company 2 5.88% $6,899
    UNITED WHOLESALE MORTGAGE, LLC 2 6.25% $7,426
    OPEN MORTGAGE, LLC 1 5.63% $8,791
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $7,269
    Regions Bank 1 6.63% $7,845
    Servion, Inc. 1 6.75% $5,439
    SUMMIT FUNDING, INC. 1 6.75% $5,524
    The Central Trust Bank 1 7.13% $4,653
    UNION HOME MORTGAGE CORP. 1 6.63% $8,887
    United Fidelity Funding Corp. 1 6.63% $6,758
    Network Funding, L.P. 1 6.63% $8,503
    FirstTrust Home Loans, Inc. 1 6.49% $5,178
    Centennial Bank 1 5.38% $10,141
    GENEVA FINANCIAL, LLC 1 7.25% $14,188
    GMFS LLC 1 5.75% $6,995
    BancorpSouth 1 7.38% $3,998
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $10,657
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $10,293
    CROSSCOUNTRY MORTGAGE, LLC 1 7.56% $8,535
    NEWREZ LLC 1 7.50% $3,627

    The top Fayetteville USDA lender as defined by loan originations is Priority Bank, with 33 USDA loans originated. Their average total fees are $7,234, which is $43 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Fayetteville USDA lenders (with over 10 loans originated) are Arvest Bank ($5,124), DHI MORTGAGE COMPANY, LTD. ($5,583), CORNERSTONE HOME LENDING, INC. ($6,595), FLAT BRANCH MORTGAGE, INC. ($7,191) and Priority Bank ($7,234).

    The lowest rate Fayetteville USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.56%), Priority Bank (6.23%), CORNERSTONE HOME LENDING, INC. (6.51%), Arvest Bank (6.61%) and FLAT BRANCH MORTGAGE, INC. (6.79%).

    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 $267,600 (7.0%) $350,732 (5.3%) 0.99 2,383
    2018-02-01 $278,550 (7.6%) $362,025 (7.9%) 1.01 2,270
    2018-03-01 $283,900 (5.5%) $369,023 (7.6%) 1.00 2,316
    2018-04-01 $289,950 (3.9%) $376,036 (7.7%) 0.98 2,307
    2018-05-01 $296,444 (4.8%) $379,752 (5.8%) 0.99 2,338
    2018-06-01 $295,000 (4.6%) $378,603 (5.5%) 0.98 2,439
    2018-07-01 $299,450 (7.3%) $389,967 (10.5%) 1.00 2,629
    2018-08-01 $295,000 (5.9%) $382,739 (9.4%) 0.99 2,716
    2018-09-01 $285,000 (3.6%) $371,275 (8.7%) 0.96 2,750
    2018-10-01 $279,950 (1.9%) $370,807 (7.2%) 0.95 2,795
    2018-11-01 $277,000 (2.6%) $366,236 (6.1%) 0.94 2,792
    2018-12-01 $276,675 (4.4%) $362,875 (5.3%) 0.95 2,665
    2019-01-01 $276,000 (3.1%) $360,833 (2.9%) 0.95 2,494
    2019-02-01 $277,950 (-0.2%) $366,605 (1.3%) 0.94 2,503
    2019-03-01 $286,929 (1.1%) $376,658 (2.1%) 0.94 2,450
    2019-04-01 $291,304 (0.5%) $382,483 (1.7%) 0.92 2,405
    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 (1.7%) 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%) 0.96 1,665
    2020-03-01 $299,950 (4.5%) $410,871 (9.1%) 0.94 1,580
    2020-04-01 $295,000 (1.3%) $403,379 (5.5%) 0.92 1,701
    2020-05-01 $299,900 (0.9%) $418,025 (6.8%) 0.91 1,564
    2020-06-01 $312,500 (4.5%) $435,840 (9.9%) 0.92 1,354
    2020-07-01 $309,250 (3.1%) $435,530 (9.6%) 0.90 1,258
    2020-08-01 $315,000 (6.6%) $443,059 (13.8%) 0.90 1,099
    2020-09-01 $312,508 (7.1%) $441,675 (15.0%) 0.90 1,064
    2020-10-01 $299,900 (3.5%) $425,941 (11.0%) 0.86 1,053
    2020-11-01 $294,790 (3.4%) $427,831 (12.0%) 0.86 956
    2020-12-01 $287,450 (1.4%) $425,526 (11.2%) 0.85 869
    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 $312,225 (5.8%) $489,503 (21.4%) 0.85 587
    2021-05-01 $329,900 (10.0%) $506,396 (21.1%) 0.88 578
    2021-06-01 $333,250 (6.6%) $506,679 (16.3%) 0.88 681
    2021-07-01 $339,999 (9.9%) $498,293 (14.4%) 0.90 809
    2021-08-01 $349,947 (11.1%) $505,851 (14.2%) 0.93 904
    2021-09-01 $350,032 (12.0%) $519,440 (17.6%) 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 (28.9%) 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 (37.7%) $656,448 (34.1%) 1.02 510
    2022-05-01 $424,125 (28.6%) $618,518 (22.1%) 0.97 701
    2022-06-01 $435,000 (30.5%) $600,955 (18.6%) 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 (14.2%) 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 $396,282 (7.3%) $564,660 (-0.9%) 0.98 1,724
    2023-01-01 $399,450 (3.8%) $557,892 (-9.5%) 0.99 1,671
    2023-02-01 $402,488 (0.6%) $567,041 (-11.4%) 0.97 1,580
    2023-03-01 $407,250 (-0.9%) $571,536 (-12.0%) 0.96 1,529
    2023-04-01 $412,000 (-4.2%) $579,990 (-11.7%) 0.96 1,513
    2023-05-01 $420,100 (-1.0%) $591,657 (-4.3%) 0.95 1,547
    2023-06-01 $423,150 (-2.7%) $584,233 (-2.8%) 0.95 1,613
    2023-07-01 $426,289 (0.3%) $580,677 (0.3%) 0.97 1,678
    2023-08-01 $433,500 (4.4%) $582,112 (0.8%) 1.00 1,770
    2023-09-01 $425,000 (4.3%) $577,840 (-0.2%) 0.99 1,802
    2023-10-01 $421,475 (1.6%) $566,011 (-2.5%) 0.99 1,902
    2023-11-01 $417,888 (3.6%) $551,830 (-4.9%) 1.00 2,039
    2023-12-01 $418,848 (5.7%) $551,097 (-2.4%) 1.02 2,032
    2024-01-01 $416,761 (4.3%) $558,632 (0.1%) 1.02 1,869
    2024-02-01 $429,150 (6.6%) $585,622 (3.3%) 1.03 1,662
    2024-03-01 $430,000 (5.6%) $587,711 (2.8%) 1.01 1,698
    2024-04-01 $441,900 (7.3%) $590,062 (1.7%) 1.03 1,780
    2024-05-01 $449,999 (7.1%) $612,557 (3.5%) 1.02 1,811
    2024-06-01 $449,900 (6.3%) $615,982 (5.4%) 1.01 1,764
    2024-07-01 $443,288 (4.0%) $614,093 (5.8%) 1.01 1,769
    2024-08-01 $444,900 (2.6%) $614,538 (5.6%) 1.03 1,846
    2024-09-01 $440,448 (3.6%) $619,741 (7.3%) 1.04 1,890
    2024-10-01 $427,500 (1.4%) $615,795 (8.8%) 1.01 1,984
    Fayetteville's median listing price for 2024-10-01 was $427,500, a difference of $6,025 (1.4%) versus the prior year and $-12,948 versus the prior month.

    Fayetteville's median listing price comes in at 101% of the national average.

    Fayetteville's average listing price for 2024-10-01 was $615,795, a difference of $49,784 (8.8%) versus the prior year and $-3,946 versus the prior month.

    For the 2024-10-01 period, Fayetteville had 1,984 MLS listings, a difference of 94 listings (5%) versus the prior month and 82 listings (4%) 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 2,306 sqft
    2018-03-01 62 days 2,291 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 2,232 sqft
    2020-05-01 60 days 2,270 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 2,067 sqft
    2020-12-01 68 days 2,027 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 2,074 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 2,070 sqft
    2023-04-01 54 days 2,075 sqft
    2023-05-01 50 days 2,080 sqft
    2023-06-01 49 days 2,081 sqft
    2023-07-01 52 days 2,089 sqft
    2023-08-01 52 days 2,093 sqft
    2023-09-01 54 days 2,066 sqft
    2023-10-01 60 days 2,055 sqft
    2023-11-01 58 days 2,036 sqft
    2023-12-01 64 days 2,015 sqft
    2024-01-01 75 days 2,014 sqft
    2024-02-01 76 days 2,030 sqft
    2024-03-01 55 days 2,030 sqft
    2024-04-01 51 days 2,031 sqft
    2024-05-01 51 days 2,083 sqft
    2024-06-01 51 days 2,062 sqft
    2024-07-01 54 days 2,035 sqft
    2024-08-01 50 days 2,013 sqft
    2024-09-01 51 days 2,017 sqft
    2024-10-01 56 days 1,991 sqft
    Fayetteville's median listing age (time on market) for 2024-10-01 was 56 days. This is -7% shorter than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2024-10-01 period was 1,991 sqft. One year prior, the average listing was 2,055 sqft.