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 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 6.54% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

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

The average rate for the prior week (2024-07-05) was 6.41% and one month ago for the week of 2024-06-07, the average rate was 6.48%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.4%.

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 $450,000 (6.4%) $619,710 (6.1%) 1.01 1,764
Fayetteville's median listing price for 2024-06-01 was $450,000, a difference of $26,850 (6.4%) versus the prior year and $1 versus the prior month.

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

Fayetteville's average listing price for 2024-06-01 was $619,710, a difference of $35,477 (6.1%) versus the prior year and $7,153 versus the prior month.

For the 2024-06-01 period, Fayetteville had 1,764 MLS listings, a difference of -47 listings (-3%) versus the prior month and 151 listings (9%) 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 2,068 sqft
Fayetteville's median listing age (time on market) for 2024-06-01 was 51 days. This is 4% longer than the same period one year ago.

Fayetteville's median square footage for active listings during the 2024-06-01 period was 2,068 sqft. One year prior, the average listing was 2,081 sqft.