Hot Springs USDA Loan Rates, Closing Costs & Stats

HOT SPRINGS, 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.

    Hot Springs's 15 lenders originated 22 USDA loans during 2023. The total origination value was $3,840,000, with an average USDA loan value of $174,545.

    Hot Springs USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hot Springs averaged 6.86% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Hot Springs's average USDA mortgage closing costs are $3,294.

    The average rate for the prior week (2025-02-07) was 6.42% and one month ago for the week of 2025-01-10, the average rate was 6.67%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

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

    Hot Springs 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 Hot Springs level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    SWBC MORTGAGE CORPORATION 5 7.03% $2,762
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.58% $3,275
    FirstTrust Home Loans, Inc. 2 6.75% $5,889
    Eagle Bank and Trust Company 1 6.38% $5,542
    EVERETT FINANCIAL, INC. 1 6.38% $6,701
    First Security Bank 1 7.13% $3,503
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $5,761
    Magnolia Bank 1 6.00% $5,259
    MORTGAGE INVESTORS GROUP, INC. 1 5.25% $5,893
    Regions Bank 1 6.25% $4,660
    TOP FLITE FINANCIAL, INC. 1 7.00% $6,185
    AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $8,981
    UNITED WHOLESALE MORTGAGE, LLC 1 5.88% $5,133
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.75% $5,483
    Arvest Bank 1 6.00% $7,941

    The top Hot Springs USDA lender as defined by loan originations is SWBC MORTGAGE CORPORATION, with 5 USDA loans originated. Their average total fees are $2,762, which is $513 lower than the next largest lender, PRIMARY RESIDENTIAL MORTGAGE, INC..

    The lowest fee Hot Springs USDA lenders (with over 10 loans originated) are .

    The lowest rate Hot Springs USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hot Springs (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 $209,250 (4.7%) $301,807 (6.5%) 0.00 903
    2018-02-01 $209,700 (3.8%) $298,714 (4.5%) 0.00 925
    2018-03-01 $219,900 (5.2%) $300,607 (4.5%) 0.00 961
    2018-04-01 $224,900 (7.6%) $305,007 (5.3%) 0.00 1,020
    2018-05-01 $224,900 (3.0%) $306,590 (4.3%) 0.00 1,061
    2018-06-01 $224,900 (2.5%) $310,445 (4.6%) 0.00 1,063
    2018-07-01 $219,675 (-0.2%) $297,350 (-3.6%) 0.00 1,083
    2018-08-01 $214,450 (-2.1%) $291,991 (-4.1%) 0.00 1,069
    2018-09-01 $216,000 (0.5%) $291,950 (-2.7%) 0.00 1,036
    2018-10-01 $199,575 (-6.1%) $282,949 (-3.7%) 0.00 1,027
    2018-11-01 $199,000 (-2.4%) $282,916 (-3.8%) 0.00 980
    2018-12-01 $199,000 (-5.0%) $283,313 (-5.2%) 0.00 917
    2019-01-01 $198,875 (-5.0%) $282,764 (-6.3%) 0.00 863
    2019-02-01 $198,250 (-5.5%) $283,441 (-5.1%) 0.00 902
    2019-03-01 $205,836 (-6.4%) $294,942 (-1.9%) 0.00 892
    2019-04-01 $214,975 (-4.4%) $311,964 (2.3%) 0.00 873
    2019-05-01 $219,900 (-2.2%) $318,376 (3.8%) 0.00 887
    2019-06-01 $224,000 (-0.4%) $319,096 (2.8%) 0.00 876
    2019-07-01 $224,950 (2.4%) $318,911 (7.3%) 0.00 884
    2019-08-01 $223,909 (4.4%) $319,260 (9.3%) 0.00 869
    2019-09-01 $225,648 (4.5%) $320,458 (9.8%) 0.00 845
    2019-10-01 $227,225 (13.9%) $321,256 (13.5%) 0.00 822
    2019-11-01 $238,500 (19.9%) $320,138 (13.2%) 0.00 736
    2019-12-01 $239,800 (20.5%) $326,326 (15.2%) 0.00 720
    2020-01-01 $239,325 (20.3%) $321,016 (13.5%) 0.00 686
    2020-02-01 $237,000 (19.6%) $318,878 (12.5%) 0.00 703
    2020-03-01 $239,450 (16.3%) $323,825 (9.8%) 0.00 702
    2020-04-01 $239,125 (11.2%) $319,080 (2.3%) 0.00 674
    2020-05-01 $239,950 (9.1%) $329,947 (3.6%) 0.00 662
    2020-06-01 $244,625 (9.2%) $338,972 (6.2%) 0.00 651
    2020-07-01 $250,000 (11.1%) $356,905 (11.9%) 0.00 599
    2020-08-01 $250,000 (11.7%) $356,979 (11.8%) 0.00 538
    2020-09-01 $256,000 (13.5%) $365,311 (14.0%) 0.00 490
    2020-10-01 $265,000 (16.6%) $369,033 (14.9%) 0.00 451
    2020-11-01 $269,500 (13.0%) $366,401 (14.5%) 0.00 402
    2020-12-01 $259,395 (8.2%) $359,828 (10.3%) 0.00 394
    2021-01-01 $259,790 (8.6%) $363,259 (13.2%) 0.00 367
    2021-02-01 $263,450 (11.2%) $381,416 (19.6%) 0.00 380
    2021-03-01 $271,163 (13.2%) $387,565 (19.7%) 0.00 342
    2021-04-01 $285,725 (19.5%) $414,705 (30.0%) 0.00 323
    2021-05-01 $299,900 (25.0%) $424,839 (28.8%) 0.00 369
    2021-06-01 $317,475 (29.8%) $456,594 (34.7%) 0.00 399
    2021-07-01 $319,900 (28.0%) $451,421 (26.5%) 0.00 428
    2021-08-01 $349,000 (39.6%) $474,643 (33.0%) 0.00 437
    2021-09-01 $349,450 (36.5%) $476,839 (30.5%) 0.00 436
    2021-10-01 $319,900 (20.7%) $463,210 (25.5%) 0.00 414
    2021-11-01 $324,250 (20.3%) $459,486 (25.4%) 0.00 398
    2021-12-01 $331,100 (27.6%) $462,959 (28.7%) 0.00 351
    2022-01-01 $325,000 (25.1%) $449,352 (23.7%) 0.00 308
    2022-02-01 $319,500 (21.3%) $466,246 (22.2%) 0.00 315
    2022-03-01 $322,500 (18.9%) $502,839 (29.7%) 0.00 313
    2022-04-01 $325,000 (13.8%) $498,290 (20.2%) 0.00 343
    2022-05-01 $327,450 (9.2%) $515,529 (21.4%) 0.00 342
    2022-06-01 $337,000 (6.2%) $488,247 (6.9%) 0.00 361
    2022-07-01 $349,500 (9.3%) $476,076 (5.5%) 0.00 395
    2022-08-01 $344,950 (-1.2%) $489,154 (3.1%) 0.00 430
    2022-09-01 $350,125 (0.2%) $497,578 (4.4%) 0.00 437
    2022-10-01 $349,900 (9.4%) $492,374 (6.3%) 0.00 467
    2022-11-01 $349,575 (7.8%) $466,259 (1.5%) 0.00 483
    2022-12-01 $325,200 (-1.8%) $451,469 (-2.5%) 0.00 445
    2023-01-01 $315,000 (-3.1%) $442,406 (-1.6%) 0.00 408
    2023-02-01 $311,600 (-2.5%) $453,421 (-2.8%) 0.00 418
    2023-03-01 $321,125 (-0.4%) $462,683 (-8.0%) 0.00 436
    2023-04-01 $325,000 (0.0%) $460,380 (-7.6%) 0.00 463
    2023-05-01 $322,500 (-1.5%) $466,892 (-9.4%) 0.00 463
    2023-06-01 $334,450 (-0.8%) $490,767 (0.5%) 0.00 487
    2023-07-01 $352,500 (0.9%) $526,488 (10.6%) 0.00 511
    2023-08-01 $354,450 (2.8%) $525,977 (7.5%) 0.00 516
    2023-09-01 $365,000 (4.3%) $515,085 (3.5%) 0.00 507
    2023-10-01 $349,950 (0.0%) $495,550 (0.6%) 0.00 525
    2023-11-01 $351,250 (0.5%) $501,676 (7.6%) 0.00 540
    2023-12-01 $345,450 (6.2%) $492,040 (9.0%) 0.00 527
    2024-01-01 $349,900 (11.1%) $484,800 (9.6%) 0.00 511
    2024-02-01 $349,800 (12.3%) $471,272 (3.9%) 0.00 529
    2024-03-01 $349,450 (8.8%) $468,050 (1.2%) 0.00 625
    2024-04-01 $363,075 (11.7%) $490,440 (6.5%) 0.00 692
    2024-05-01 $359,975 (11.6%) $501,592 (7.4%) 0.00 741
    2024-06-01 $350,000 (4.7%) $497,462 (1.4%) 0.00 778
    2024-07-01 $361,975 (2.7%) $521,102 (-1.0%) 0.00 785
    2024-08-01 $354,000 (-0.1%) $514,649 (-2.2%) 0.00 828
    2024-09-01 $349,950 (-4.1%) $509,145 (-1.2%) 0.00 822
    2024-10-01 $347,425 (-0.7%) $504,714 (1.9%) 0.00 830
    2024-11-01 $349,700 (-0.4%) $506,296 (0.9%) 0.00 808
    2024-12-01 $341,925 (-1.0%) $495,062 (0.6%) 0.00 745
    2025-01-01 $329,475 (-5.8%) $496,861 (2.5%) 0.00 716
    Hot Springs's median listing price for 2025-01-01 was $329,475, a difference of $-20,425 (-5.8%) versus the prior year and $-12,450 versus the prior month.

    Hot Springs's median listing price comes in at 0% of the national average.

    Hot Springs's average listing price for 2025-01-01 was $496,861, a difference of $12,061 (2.5%) versus the prior year and $1,799 versus the prior month.

    For the 2025-01-01 period, Hot Springs had 716 MLS listings, a difference of -29 listings (-4%) versus the prior month and 205 listings (40%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hot Springs (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,958 sqft
    2018-02-01 0 days 1,952 sqft
    2018-03-01 0 days 1,947 sqft
    2018-04-01 0 days 1,959 sqft
    2018-05-01 0 days 1,983 sqft
    2018-06-01 0 days 2,016 sqft
    2018-07-01 0 days 2,000 sqft
    2018-08-01 0 days 2,002 sqft
    2018-09-01 0 days 1,978 sqft
    2018-10-01 0 days 1,917 sqft
    2018-11-01 0 days 1,896 sqft
    2018-12-01 0 days 1,895 sqft
    2019-01-01 0 days 1,880 sqft
    2019-02-01 0 days 1,881 sqft
    2019-03-01 0 days 1,902 sqft
    2019-04-01 0 days 1,932 sqft
    2019-05-01 0 days 2,000 sqft
    2019-06-01 0 days 2,011 sqft
    2019-07-01 0 days 2,000 sqft
    2019-08-01 0 days 2,001 sqft
    2019-09-01 0 days 1,984 sqft
    2019-10-01 0 days 1,979 sqft
    2019-11-01 0 days 2,064 sqft
    2019-12-01 0 days 2,024 sqft
    2020-01-01 0 days 1,997 sqft
    2020-02-01 0 days 1,965 sqft
    2020-03-01 0 days 1,968 sqft
    2020-04-01 0 days 1,967 sqft
    2020-05-01 0 days 1,994 sqft
    2020-06-01 0 days 2,079 sqft
    2020-07-01 0 days 2,113 sqft
    2020-08-01 0 days 2,196 sqft
    2020-09-01 0 days 2,160 sqft
    2020-10-01 0 days 2,160 sqft
    2020-11-01 0 days 2,110 sqft
    2020-12-01 0 days 2,003 sqft
    2021-01-01 0 days 1,920 sqft
    2021-02-01 0 days 1,922 sqft
    2021-03-01 0 days 1,908 sqft
    2021-04-01 0 days 1,935 sqft
    2021-05-01 0 days 1,920 sqft
    2021-06-01 0 days 2,100 sqft
    2021-07-01 0 days 2,011 sqft
    2021-08-01 0 days 2,100 sqft
    2021-09-01 0 days 2,052 sqft
    2021-10-01 0 days 2,141 sqft
    2021-11-01 0 days 2,133 sqft
    2021-12-01 0 days 2,069 sqft
    2022-01-01 0 days 2,013 sqft
    2022-02-01 0 days 2,016 sqft
    2022-03-01 0 days 1,944 sqft
    2022-04-01 0 days 1,885 sqft
    2022-05-01 0 days 2,027 sqft
    2022-06-01 0 days 2,128 sqft
    2022-07-01 0 days 2,118 sqft
    2022-08-01 0 days 2,038 sqft
    2022-09-01 0 days 1,928 sqft
    2022-10-01 0 days 1,924 sqft
    2022-11-01 0 days 1,862 sqft
    2022-12-01 0 days 1,782 sqft
    2023-01-01 0 days 1,728 sqft
    2023-02-01 0 days 1,720 sqft
    2023-03-01 0 days 1,720 sqft
    2023-04-01 0 days 1,755 sqft
    2023-05-01 0 days 1,783 sqft
    2023-06-01 0 days 1,859 sqft
    2023-07-01 0 days 1,856 sqft
    2023-08-01 0 days 1,838 sqft
    2023-09-01 0 days 1,752 sqft
    2023-10-01 0 days 1,771 sqft
    2023-11-01 0 days 1,808 sqft
    2023-12-01 0 days 1,809 sqft
    2024-01-01 0 days 1,817 sqft
    2024-02-01 0 days 1,800 sqft
    2024-03-01 0 days 1,776 sqft
    2024-04-01 0 days 1,800 sqft
    2024-05-01 0 days 1,808 sqft
    2024-06-01 0 days 1,792 sqft
    2024-07-01 0 days 1,852 sqft
    2024-08-01 0 days 1,823 sqft
    2024-09-01 0 days 1,817 sqft
    2024-10-01 0 days 1,823 sqft
    2024-11-01 0 days 1,829 sqft
    2024-12-01 0 days 1,852 sqft
    2025-01-01 0 days 1,868 sqft
    Hot Springs's median listing age (time on market) for 2025-01-01 was 0 days.

    Hot Springs's median square footage for active listings during the 2025-01-01 period was 1,868 sqft. One year prior, the average listing was 1,817 sqft.