Fort Smith USDA Loan Rates, Closing Costs & Stats

FORT SMITH, AR-OK

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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.

    Fort Smith's 27 lenders originated 115 USDA loans during 2023. The total origination value was $18,865,000, with an average USDA loan value of $164,043.

    Fort Smith USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fort Smith averaged 6.45% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Fort Smith's average USDA mortgage closing costs are $4,080.

    The average rate for the prior week (2025-02-07) was 6.61% and one month ago for the week of 2025-01-10, the average rate was 6.46%.

    The average rate one year ago was 6.45%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.52%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Fort Smith 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 Fort Smith level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Firstar Bank 36 6.20% $5,096
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 10 7.19% $7,487
    UNITED 6 6.94% $4,766
    Arvest Bank 5 6.83% $5,429
    OPEN MORTGAGE, LLC 5 6.65% $8,396
    FLAT BRANCH MORTGAGE, INC. 4 6.78% $6,217
    First Financial Bank 4 6.56% $5,557
    Bank of England 4 6.25% $3,243
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.71% $6,598
    STOCKTON MORTGAGE CORPORATION 3 6.42% $7,104
    Chambers Bank 3 6.54% $5,269
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.63% $5,250
    Chickasaw Community Bank 2 6.44% $8,592
    Armstrong Bank 2 5.69% $7,717
    Priority Bank 2 6.31% $7,002
    Simmons Bank 2 6.50% $3,795
    Regions Bank 2 6.50% $5,957
    FirstTrust Home Loans, Inc. 2 6.88% $7,878
    U.S. Bank 1 7.25% $4,154
    ASSOCIATED MORTGAGE CORPORATION 1 7.13% $5,358
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 6.00% $6,156
    GMFS LLC 1 5.25% $4,635
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $2,984
    Sierra Pacific Mortgage Company, Inc. 1 7.25% $6,023
    UNION HOME MORTGAGE CORP. 1 6.63% $5,463
    UNITED WHOLESALE MORTGAGE, LLC 1 6.21% $8,105
    AMERICAN FINANCIAL NETWORK, INC. 1 6.49% $6,529

    The top Fort Smith USDA lender as defined by loan originations is Firstar Bank, with 36 USDA loans originated. Their average total fees are $5,096, which is $2,392 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Fort Smith USDA lenders (with over 10 loans originated) are Firstar Bank ($5,096), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,487), .

    The lowest rate Fort Smith USDA lenders (with over 10 loans originated) are Firstar Bank (6.20%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.19%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Fort Smith (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 $155,925 (1.6%) $225,227 (2.8%) 0.56 1,046
    2018-02-01 $157,450 (5.0%) $226,504 (4.6%) 0.55 1,022
    2018-03-01 $164,900 (9.2%) $233,718 (7.2%) 0.55 1,017
    2018-04-01 $162,450 (2.9%) $233,974 (1.8%) 0.53 1,042
    2018-05-01 $162,900 (2.2%) $232,532 (-1.2%) 0.53 1,067
    2018-06-01 $162,900 (1.8%) $234,102 (-2.4%) 0.53 1,088
    2018-07-01 $160,000 (3.2%) $230,325 (-0.3%) 0.53 1,110
    2018-08-01 $165,000 (9.3%) $231,432 (3.2%) 0.54 1,115
    2018-09-01 $159,900 (6.6%) $229,257 (2.4%) 0.53 1,137
    2018-10-01 $159,900 (4.5%) $227,327 (1.5%) 0.53 1,148
    2018-11-01 $159,500 (4.3%) $223,339 (-1.1%) 0.53 1,165
    2018-12-01 $157,500 (3.6%) $221,840 (-0.4%) 0.53 1,123
    2019-01-01 $158,300 (1.5%) $227,008 (0.8%) 0.54 1,078
    2019-02-01 $159,900 (1.6%) $232,498 (2.7%) 0.54 1,051
    2019-03-01 $164,186 (-0.4%) $239,539 (2.5%) 0.53 1,029
    2019-04-01 $169,250 (4.2%) $246,310 (5.3%) 0.52 1,028
    2019-05-01 $173,700 (6.6%) $248,415 (6.8%) 0.53 1,007
    2019-06-01 $175,000 (7.4%) $252,924 (8.0%) 0.53 985
    2019-07-01 $172,425 (7.8%) $253,357 (10.0%) 0.52 977
    2019-08-01 $169,268 (2.6%) $247,052 (6.8%) 0.52 989
    2019-09-01 $168,245 (5.2%) $241,247 (5.2%) 0.53 1,004
    2019-10-01 $166,725 (4.3%) $236,737 (4.1%) 0.53 1,006
    2019-11-01 $165,000 (3.5%) $235,510 (5.5%) 0.54 974
    2019-12-01 $164,500 (4.4%) $235,047 (6.0%) 0.53 926
    2020-01-01 $165,000 (4.2%) $233,384 (2.8%) 0.53 885
    2020-02-01 $165,000 (3.2%) $240,789 (3.6%) 0.54 884
    2020-03-01 $171,200 (4.3%) $246,419 (2.9%) 0.53 829
    2020-04-01 $175,850 (3.9%) $251,773 (2.2%) 0.55 814
    2020-05-01 $181,000 (4.2%) $258,862 (4.2%) 0.54 755
    2020-06-01 $195,000 (11.4%) $272,439 (7.7%) 0.56 696
    2020-07-01 $199,900 (15.9%) $282,626 (11.6%) 0.57 646
    2020-08-01 $199,900 (18.1%) $286,167 (15.8%) 0.56 609
    2020-09-01 $195,000 (15.9%) $297,686 (23.4%) 0.54 539
    2020-10-01 $199,900 (19.9%) $295,650 (24.9%) 0.56 522
    2020-11-01 $197,520 (19.7%) $305,723 (29.8%) 0.56 477
    2020-12-01 $187,000 (13.7%) $297,689 (26.7%) 0.55 453
    2021-01-01 $184,900 (12.1%) $304,372 (30.4%) 0.55 415
    2021-02-01 $199,900 (21.2%) $323,511 (34.4%) 0.57 349
    2021-03-01 $187,125 (9.3%) $319,027 (29.5%) 0.52 328
    2021-04-01 $195,000 (10.9%) $329,446 (30.9%) 0.51 327
    2021-05-01 $223,250 (23.3%) $347,381 (34.2%) 0.56 305
    2021-06-01 $224,850 (15.3%) $335,384 (23.1%) 0.58 339
    2021-07-01 $219,000 (9.6%) $322,988 (14.3%) 0.55 423
    2021-08-01 $203,450 (1.8%) $317,270 (10.9%) 0.53 434
    2021-09-01 $200,000 (2.6%) $318,324 (6.9%) 0.53 444
    2021-10-01 $216,500 (8.3%) $328,458 (11.1%) 0.56 411
    2021-11-01 $219,900 (11.3%) $332,475 (8.8%) 0.56 357
    2021-12-01 $219,975 (17.6%) $337,405 (13.3%) 0.58 341
    2022-01-01 $215,000 (16.3%) $337,168 (10.8%) 0.54 314
    2022-02-01 $224,500 (12.3%) $346,148 (7.0%) 0.57 294
    2022-03-01 $217,500 (16.2%) $334,516 (4.9%) 0.54 325
    2022-04-01 $219,950 (12.8%) $336,342 (2.1%) 0.52 321
    2022-05-01 $235,000 (5.3%) $337,732 (-2.8%) 0.53 347
    2022-06-01 $229,950 (2.3%) $329,285 (-1.8%) 0.51 386
    2022-07-01 $239,450 (9.3%) $340,407 (5.4%) 0.53 431
    2022-08-01 $235,000 (15.5%) $337,118 (6.3%) 0.54 460
    2022-09-01 $230,000 (15.0%) $309,296 (-2.8%) 0.54 487
    2022-10-01 $239,938 (10.8%) $311,398 (-5.2%) 0.56 524
    2022-11-01 $234,450 (6.6%) $324,817 (-2.3%) 0.56 526
    2022-12-01 $229,900 (4.5%) $321,912 (-4.6%) 0.56 492
    2023-01-01 $233,123 (8.4%) $324,205 (-3.8%) 0.57 482
    2023-02-01 $241,050 (7.4%) $330,455 (-4.5%) 0.57 447
    2023-03-01 $240,000 (10.3%) $338,068 (1.1%) 0.56 424
    2023-04-01 $245,000 (11.4%) $348,241 (3.5%) 0.56 413
    2023-05-01 $256,975 (9.4%) $347,590 (2.9%) 0.57 415
    2023-06-01 $263,500 (14.6%) $353,389 (7.3%) 0.57 445
    2023-07-01 $269,900 (12.7%) $356,265 (4.7%) 0.59 485
    2023-08-01 $276,975 (17.9%) $364,666 (8.2%) 0.61 516
    2023-09-01 $279,900 (21.7%) $365,246 (18.1%) 0.63 551
    2023-10-01 $274,725 (14.5%) $361,531 (16.1%) 0.63 626
    2023-11-01 $270,950 (15.6%) $358,069 (10.2%) 0.64 632
    2023-12-01 $265,000 (15.3%) $349,154 (8.5%) 0.63 653
    2024-01-01 $271,000 (16.3%) $349,392 (7.8%) 0.65 621
    2024-02-01 $258,375 (7.2%) $343,966 (4.1%) 0.60 630
    2024-03-01 $256,000 (6.7%) $340,483 (0.7%) 0.60 620
    2024-04-01 $276,250 (12.8%) $358,086 (2.8%) 0.62 604
    2024-05-01 $279,250 (8.7%) $365,858 (5.3%) 0.62 642
    2024-06-01 $275,000 (4.4%) $362,097 (2.5%) 0.63 661
    2024-07-01 $279,900 (3.7%) $371,235 (4.2%) 0.63 669
    2024-08-01 $280,000 (1.1%) $371,932 (2.0%) 0.65 716
    2024-09-01 $277,450 (-0.9%) $362,620 (-0.7%) 0.65 728
    2024-10-01 $272,000 (-1.0%) $355,872 (-1.6%) 0.64 803
    2024-11-01 $270,000 (-0.4%) $345,599 (-3.5%) 0.65 876
    2024-12-01 $278,225 (5.0%) $356,705 (2.2%) 0.68 720
    2025-01-01 $279,600 (3.2%) $361,542 (3.5%) 0.00 701
    Fort Smith's median listing price for 2025-01-01 was $279,600, a difference of $8,600 (3.2%) versus the prior year and $1,375 versus the prior month.

    Fort Smith's median listing price comes in at 0% of the national average.

    Fort Smith's average listing price for 2025-01-01 was $361,542, a difference of $12,150 (3.5%) versus the prior year and $4,837 versus the prior month.

    For the 2025-01-01 period, Fort Smith had 701 MLS listings, a difference of -19 listings (-3%) versus the prior month and 80 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Fort Smith (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 94 days 1,842 sqft
    2018-02-01 92 days 1,855 sqft
    2018-03-01 79 days 1,912 sqft
    2018-04-01 71 days 1,918 sqft
    2018-05-01 67 days 1,920 sqft
    2018-06-01 64 days 1,922 sqft
    2018-07-01 68 days 1,922 sqft
    2018-08-01 74 days 1,941 sqft
    2018-09-01 78 days 1,900 sqft
    2018-10-01 79 days 1,894 sqft
    2018-11-01 80 days 1,857 sqft
    2018-12-01 86 days 1,843 sqft
    2019-01-01 93 days 1,818 sqft
    2019-02-01 89 days 1,825 sqft
    2019-03-01 82 days 1,869 sqft
    2019-04-01 72 days 1,916 sqft
    2019-05-01 67 days 1,947 sqft
    2019-06-01 75 days 1,964 sqft
    2019-07-01 75 days 1,952 sqft
    2019-08-01 74 days 1,926 sqft
    2019-09-01 73 days 1,900 sqft
    2019-10-01 73 days 1,886 sqft
    2019-11-01 75 days 1,863 sqft
    2019-12-01 86 days 1,862 sqft
    2020-01-01 89 days 1,875 sqft
    2020-02-01 82 days 1,874 sqft
    2020-03-01 74 days 1,902 sqft
    2020-04-01 74 days 1,945 sqft
    2020-05-01 75 days 1,992 sqft
    2020-06-01 68 days 1,997 sqft
    2020-07-01 67 days 2,023 sqft
    2020-08-01 64 days 2,010 sqft
    2020-09-01 59 days 2,010 sqft
    2020-10-01 51 days 2,031 sqft
    2020-11-01 54 days 2,004 sqft
    2020-12-01 65 days 1,923 sqft
    2021-01-01 72 days 1,920 sqft
    2021-02-01 58 days 1,949 sqft
    2021-03-01 42 days 1,799 sqft
    2021-04-01 33 days 1,822 sqft
    2021-05-01 36 days 1,887 sqft
    2021-06-01 30 days 1,900 sqft
    2021-07-01 29 days 1,888 sqft
    2021-08-01 34 days 1,866 sqft
    2021-09-01 37 days 1,840 sqft
    2021-10-01 45 days 1,894 sqft
    2021-11-01 49 days 1,869 sqft
    2021-12-01 51 days 1,901 sqft
    2022-01-01 53 days 1,904 sqft
    2022-02-01 38 days 1,853 sqft
    2022-03-01 33 days 1,805 sqft
    2022-04-01 32 days 1,800 sqft
    2022-05-01 33 days 1,781 sqft
    2022-06-01 33 days 1,799 sqft
    2022-07-01 37 days 1,832 sqft
    2022-08-01 41 days 1,836 sqft
    2022-09-01 48 days 1,806 sqft
    2022-10-01 51 days 1,818 sqft
    2022-11-01 57 days 1,834 sqft
    2022-12-01 64 days 1,806 sqft
    2023-01-01 71 days 1,824 sqft
    2023-02-01 70 days 1,848 sqft
    2023-03-01 63 days 1,850 sqft
    2023-04-01 53 days 1,864 sqft
    2023-05-01 43 days 1,861 sqft
    2023-06-01 46 days 1,865 sqft
    2023-07-01 49 days 1,861 sqft
    2023-08-01 51 days 1,873 sqft
    2023-09-01 52 days 1,863 sqft
    2023-10-01 51 days 1,857 sqft
    2023-11-01 58 days 1,870 sqft
    2023-12-01 68 days 1,834 sqft
    2024-01-01 85 days 1,843 sqft
    2024-02-01 78 days 1,799 sqft
    2024-03-01 58 days 1,783 sqft
    2024-04-01 52 days 1,822 sqft
    2024-05-01 50 days 1,861 sqft
    2024-06-01 57 days 1,854 sqft
    2024-07-01 60 days 1,858 sqft
    2024-08-01 60 days 1,878 sqft
    2024-09-01 58 days 1,848 sqft
    2024-10-01 61 days 1,840 sqft
    2024-11-01 65 days 1,807 sqft
    2024-12-01 74 days 1,852 sqft
    2025-01-01 0 days 1,852 sqft
    Fort Smith's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Fort Smith's median square footage for active listings during the 2025-01-01 period was 1,852 sqft. One year prior, the average listing was 1,843 sqft.