Fort Smith USDA Loan Rates, Closing Costs & Stats
FORT SMITH, AR-OK
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
-0.17%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Fort Smith's average USDA mortgage closing costs are $4,080.
The average rate for the prior week (2024-11-22) was
6.33% and
one month ago for the week of 2024-10-25, the
average rate was 6.23%.
The average rate one year ago was 6.83%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.21%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $150,425 (1.0%) | $217,388 (2.7%) | 0.56 | 1,143 |
2018-02-01 | $152,350 (3.1%) | $219,335 (5.0%) | 0.55 | 1,116 |
2018-03-01 | $157,700 (5.5%) | $225,823 (7.3%) | 0.55 | 1,113 |
2018-04-01 | $157,400 (3.6%) | $226,620 (2.2%) | 0.53 | 1,131 |
2018-05-01 | $159,900 (4.2%) | $226,723 (-0.2%) | 0.53 | 1,154 |
2018-06-01 | $159,900 (2.3%) | $227,961 (-1.8%) | 0.53 | 1,173 |
2018-07-01 | $159,250 (5.5%) | $225,059 (0.2%) | 0.53 | 1,195 |
2018-08-01 | $159,900 (7.0%) | $225,575 (3.8%) | 0.54 | 1,203 |
2018-09-01 | $157,000 (5.4%) | $224,128 (3.4%) | 0.53 | 1,226 |
2018-10-01 | $156,750 (4.9%) | $222,524 (2.8%) | 0.53 | 1,235 |
2018-11-01 | $154,950 (3.8%) | $218,582 (0.1%) | 0.53 | 1,254 |
2018-12-01 | $154,900 (4.7%) | $217,516 (1.1%) | 0.53 | 1,205 |
2019-01-01 | $154,950 (3.0%) | $223,542 (2.8%) | 0.54 | 1,161 |
2019-02-01 | $158,350 (3.9%) | $226,845 (3.4%) | 0.54 | 1,143 |
2019-03-01 | $161,571 (2.5%) | $232,913 (3.1%) | 0.53 | 1,121 |
2019-04-01 | $164,750 (4.7%) | $238,760 (5.4%) | 0.52 | 1,122 |
2019-05-01 | $169,250 (5.9%) | $240,567 (6.1%) | 0.53 | 1,097 |
2019-06-01 | $169,900 (6.3%) | $245,647 (7.8%) | 0.53 | 1,078 |
2019-07-01 | $167,375 (5.1%) | $245,926 (9.3%) | 0.52 | 1,073 |
2019-08-01 | $165,000 (3.2%) | $240,113 (6.4%) | 0.52 | 1,087 |
2019-09-01 | $165,000 (5.1%) | $235,459 (5.1%) | 0.53 | 1,096 |
2019-10-01 | $164,998 (5.3%) | $231,644 (4.1%) | 0.53 | 1,094 |
2019-11-01 | $164,500 (6.2%) | $230,176 (5.3%) | 0.54 | 1,055 |
2019-12-01 | $159,900 (3.2%) | $229,068 (5.3%) | 0.53 | 1,008 |
2020-01-01 | $159,950 (3.2%) | $227,106 (1.6%) | 0.53 | 969 |
2020-02-01 | $164,799 (4.1%) | $234,730 (3.5%) | 0.54 | 962 |
2020-03-01 | $169,450 (4.9%) | $241,672 (3.8%) | 0.53 | 901 |
2020-04-01 | $174,900 (6.2%) | $246,914 (3.4%) | 0.55 | 883 |
2020-05-01 | $179,000 (5.8%) | $254,365 (5.7%) | 0.54 | 815 |
2020-06-01 | $189,000 (11.2%) | $265,871 (8.2%) | 0.56 | 758 |
2020-07-01 | $195,000 (16.5%) | $275,217 (11.9%) | 0.57 | 709 |
2020-08-01 | $194,500 (17.9%) | $278,480 (16.0%) | 0.56 | 664 |
2020-09-01 | $189,525 (14.9%) | $290,339 (23.3%) | 0.54 | 586 |
2020-10-01 | $195,000 (18.2%) | $288,676 (24.6%) | 0.56 | 563 |
2020-11-01 | $190,425 (15.8%) | $298,084 (29.5%) | 0.56 | 514 |
2020-12-01 | $184,375 (15.3%) | $290,370 (26.8%) | 0.55 | 491 |
2021-01-01 | $183,750 (14.9%) | $298,298 (31.4%) | 0.55 | 455 |
2021-02-01 | $195,000 (18.3%) | $310,368 (32.2%) | 0.57 | 390 |
2021-03-01 | $184,950 (9.2%) | $306,264 (26.7%) | 0.52 | 373 |
2021-04-01 | $189,000 (8.1%) | $314,604 (27.4%) | 0.51 | 370 |
2021-05-01 | $209,700 (17.2%) | $332,533 (30.7%) | 0.56 | 342 |
2021-06-01 | $219,450 (16.1%) | $321,698 (21.0%) | 0.58 | 382 |
2021-07-01 | $209,900 (7.6%) | $311,384 (13.1%) | 0.55 | 480 |
2021-08-01 | $197,450 (1.5%) | $307,917 (10.6%) | 0.53 | 487 |
2021-09-01 | $199,225 (5.1%) | $308,275 (6.2%) | 0.53 | 496 |
2021-10-01 | $210,000 (7.7%) | $317,994 (10.2%) | 0.56 | 462 |
2021-11-01 | $210,950 (10.8%) | $318,761 (6.9%) | 0.56 | 400 |
2021-12-01 | $213,575 (15.8%) | $325,850 (12.2%) | 0.58 | 382 |
2022-01-01 | $199,950 (8.8%) | $326,158 (9.3%) | 0.54 | 349 |
2022-02-01 | $219,950 (12.8%) | $334,140 (7.7%) | 0.57 | 328 |
2022-03-01 | $215,375 (16.5%) | $333,122 (8.8%) | 0.54 | 360 |
2022-04-01 | $216,850 (14.7%) | $334,459 (6.3%) | 0.52 | 369 |
2022-05-01 | $231,225 (10.3%) | $333,206 (0.2%) | 0.53 | 393 |
2022-06-01 | $227,225 (3.5%) | $323,271 (0.5%) | 0.51 | 440 |
2022-07-01 | $237,195 (13.0%) | $334,554 (7.4%) | 0.53 | 490 |
2022-08-01 | $234,950 (19.0%) | $333,862 (8.4%) | 0.54 | 518 |
2022-09-01 | $230,000 (15.5%) | $306,217 (-0.7%) | 0.54 | 545 |
2022-10-01 | $239,900 (14.2%) | $307,900 (-3.2%) | 0.56 | 583 |
2022-11-01 | $232,000 (10.0%) | $318,210 (-0.2%) | 0.56 | 590 |
2022-12-01 | $227,250 (6.4%) | $314,422 (-3.5%) | 0.56 | 554 |
2023-01-01 | $228,188 (14.1%) | $316,515 (-3.0%) | 0.57 | 540 |
2023-02-01 | $236,975 (7.7%) | $319,591 (-4.4%) | 0.57 | 498 |
2023-03-01 | $238,875 (10.9%) | $329,091 (-1.2%) | 0.56 | 473 |
2023-04-01 | $240,000 (10.7%) | $337,159 (0.8%) | 0.56 | 460 |
2023-05-01 | $249,450 (7.9%) | $334,182 (0.3%) | 0.57 | 469 |
2023-06-01 | $255,000 (12.2%) | $341,613 (5.7%) | 0.57 | 494 |
2023-07-01 | $259,948 (9.6%) | $344,538 (3.0%) | 0.59 | 535 |
2023-08-01 | $265,457 (13.0%) | $355,998 (6.6%) | 0.61 | 566 |
2023-09-01 | $270,000 (17.4%) | $355,106 (16.0%) | 0.63 | 604 |
2023-10-01 | $269,400 (12.3%) | $354,555 (15.2%) | 0.63 | 677 |
2023-11-01 | $269,450 (16.1%) | $351,539 (10.5%) | 0.64 | 680 |
2023-12-01 | $259,900 (14.4%) | $343,503 (9.3%) | 0.63 | 696 |
2024-01-01 | $265,000 (16.1%) | $344,419 (8.8%) | 0.65 | 662 |
2024-02-01 | $250,950 (5.9%) | $339,632 (6.3%) | 0.60 | 678 |
2024-03-01 | $254,900 (6.7%) | $335,715 (2.0%) | 0.60 | 668 |
2024-04-01 | $267,350 (11.4%) | $350,591 (4.0%) | 0.62 | 656 |
2024-05-01 | $275,000 (10.2%) | $357,966 (7.1%) | 0.62 | 698 |
2024-06-01 | $279,000 (9.4%) | $364,033 (6.6%) | 0.63 | 720 |
2024-07-01 | $275,000 (5.8%) | $360,314 (4.6%) | 0.63 | 734 |
2024-08-01 | $279,900 (5.4%) | $364,446 (2.4%) | 0.65 | 780 |
2024-09-01 | $275,000 (1.9%) | $357,868 (0.8%) | 0.65 | 787 |
2024-10-01 | $270,000 (0.2%) | $353,668 (-0.3%) | 0.64 | 863 |
Fort Smith's median listing price comes in at 64% of the national average.
Fort Smith's average listing price for 2024-10-01 was $353,668, a difference of $-887 (-0.3%) versus the prior year and $-4,200 versus the prior month.
For the 2024-10-01 period, Fort Smith had 863 MLS listings, a difference of 76 listings (10%) versus the prior month and 186 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Fort Smith (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 94 days | 1,820 sqft |
2018-02-01 | 92 days | 1,832 sqft |
2018-03-01 | 79 days | 1,886 sqft |
2018-04-01 | 71 days | 1,896 sqft |
2018-05-01 | 67 days | 1,910 sqft |
2018-06-01 | 64 days | 1,912 sqft |
2018-07-01 | 68 days | 1,911 sqft |
2018-08-01 | 74 days | 1,928 sqft |
2018-09-01 | 78 days | 1,889 sqft |
2018-10-01 | 79 days | 1,885 sqft |
2018-11-01 | 80 days | 1,843 sqft |
2018-12-01 | 86 days | 1,833 sqft |
2019-01-01 | 93 days | 1,815 sqft |
2019-02-01 | 89 days | 1,818 sqft |
2019-03-01 | 82 days | 1,855 sqft |
2019-04-01 | 72 days | 1,894 sqft |
2019-05-01 | 67 days | 1,916 sqft |
2019-06-01 | 75 days | 1,924 sqft |
2019-07-01 | 75 days | 1,919 sqft |
2019-08-01 | 74 days | 1,901 sqft |
2019-09-01 | 73 days | 1,878 sqft |
2019-10-01 | 73 days | 1,869 sqft |
2019-11-01 | 75 days | 1,857 sqft |
2019-12-01 | 86 days | 1,854 sqft |
2020-01-01 | 89 days | 1,857 sqft |
2020-02-01 | 82 days | 1,848 sqft |
2020-03-01 | 74 days | 1,890 sqft |
2020-04-01 | 74 days | 1,923 sqft |
2020-05-01 | 75 days | 1,980 sqft |
2020-06-01 | 68 days | 1,984 sqft |
2020-07-01 | 67 days | 2,002 sqft |
2020-08-01 | 64 days | 2,000 sqft |
2020-09-01 | 59 days | 2,000 sqft |
2020-10-01 | 51 days | 2,018 sqft |
2020-11-01 | 54 days | 2,007 sqft |
2020-12-01 | 65 days | 1,921 sqft |
2021-01-01 | 72 days | 1,921 sqft |
2021-02-01 | 58 days | 1,935 sqft |
2021-03-01 | 42 days | 1,814 sqft |
2021-04-01 | 33 days | 1,826 sqft |
2021-05-01 | 36 days | 1,887 sqft |
2021-06-01 | 30 days | 1,886 sqft |
2021-07-01 | 29 days | 1,880 sqft |
2021-08-01 | 34 days | 1,853 sqft |
2021-09-01 | 37 days | 1,829 sqft |
2021-10-01 | 45 days | 1,879 sqft |
2021-11-01 | 49 days | 1,820 sqft |
2021-12-01 | 51 days | 1,839 sqft |
2022-01-01 | 53 days | 1,844 sqft |
2022-02-01 | 38 days | 1,827 sqft |
2022-03-01 | 33 days | 1,810 sqft |
2022-04-01 | 32 days | 1,800 sqft |
2022-05-01 | 33 days | 1,783 sqft |
2022-06-01 | 33 days | 1,791 sqft |
2022-07-01 | 37 days | 1,816 sqft |
2022-08-01 | 41 days | 1,826 sqft |
2022-09-01 | 48 days | 1,806 sqft |
2022-10-01 | 51 days | 1,813 sqft |
2022-11-01 | 57 days | 1,826 sqft |
2022-12-01 | 64 days | 1,780 sqft |
2023-01-01 | 71 days | 1,801 sqft |
2023-02-01 | 70 days | 1,827 sqft |
2023-03-01 | 63 days | 1,823 sqft |
2023-04-01 | 53 days | 1,848 sqft |
2023-05-01 | 43 days | 1,836 sqft |
2023-06-01 | 46 days | 1,860 sqft |
2023-07-01 | 49 days | 1,855 sqft |
2023-08-01 | 51 days | 1,859 sqft |
2023-09-01 | 52 days | 1,838 sqft |
2023-10-01 | 51 days | 1,844 sqft |
2023-11-01 | 58 days | 1,859 sqft |
2023-12-01 | 68 days | 1,828 sqft |
2024-01-01 | 85 days | 1,835 sqft |
2024-02-01 | 78 days | 1,797 sqft |
2024-03-01 | 58 days | 1,773 sqft |
2024-04-01 | 52 days | 1,807 sqft |
2024-05-01 | 50 days | 1,844 sqft |
2024-06-01 | 57 days | 1,878 sqft |
2024-07-01 | 60 days | 1,835 sqft |
2024-08-01 | 60 days | 1,851 sqft |
2024-09-01 | 58 days | 1,837 sqft |
2024-10-01 | 61 days | 1,834 sqft |
Fort Smith's median square footage for active listings during the 2024-10-01 period was 1,834 sqft. One year prior, the average listing was 1,844 sqft.