Jonesboro USDA Loan Rates, Closing Costs & Stats

JONESBORO, AR

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Jonesboro's 28 lenders originated 105 USDA loans during 2023. The total origination value was $15,535,000, with an average USDA loan value of $147,952.

    Jonesboro USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jonesboro averaged 6.4% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Jonesboro's average USDA mortgage closing costs are $4,150.

    The average rate for the prior week (2024-12-06) was 6.24% and one month ago for the week of 2024-11-08, the average rate was 6.65%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.15%.

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

    Jonesboro 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 Jonesboro level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DAS Acquisition Company, LLC 25 6.88% $5,735
    FirstTrust Home Loans, Inc. 11 6.76% $5,669
    Nations Lending Corporation 8 6.92% $2,907
    BROKER SOLUTIONS, INC. 7 6.70% $6,367
    Midwest Mortgage Associates Corporation 7 6.73% $3,799
    MORTGAGE INVESTORS GROUP, INC. 5 6.68% $5,053
    UNITED WHOLESALE MORTGAGE, LLC 4 6.72% $4,795
    First Financial Bank 4 5.94% $5,308
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 6.83% $5,737
    EVERETT FINANCIAL, INC. 3 7.25% $6,077
    Simmons Bank 3 6.42% $5,045
    WILLOW BEND MORTGAGE COMPANY, LLC 2 6.13% $6,939
    Centennial Bank 2 5.88% $6,607
    First Community Bank 2 6.38% $6,708
    Paramount Residential Mortgage Group, Inc. 2 6.19% $6,927
    AMERICAN FINANCIAL NETWORK, INC. 2 6.19% $5,286
    Evolve Bank & Trust 1 6.50% $4,790
    ENCORE BANK 1 6.00% $5,714
    Eagle Bank and Trust Company 1 6.50% $4,159
    OPEN MORTGAGE, LLC 1 5.75% $8,565
    Arvest Bank 1 7.50% $4,723
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $4,539
    Regions Bank 1 6.75% $6,827
    Renasant Bank 1 5.99% $8,826
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $6,004
    Century Mortgage Company DBA Century Lending Company 1 5.13% $4,818
    First Horizon Bank 1 6.88% $4,858
    MID AMERICA MORTGAGE, INC. 1 6.38% $4,789

    The top Jonesboro USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 25 USDA loans originated. Their average total fees are $5,735, which is $67 higher than the next largest lender, FirstTrust Home Loans, Inc..

    The lowest fee Jonesboro USDA lenders (with over 10 loans originated) are FirstTrust Home Loans, Inc. ($5,669), DAS Acquisition Company, LLC ($5,735), .

    The lowest rate Jonesboro USDA lenders (with over 10 loans originated) are FirstTrust Home Loans, Inc. (6.76%), DAS Acquisition Company, LLC (6.88%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jonesboro (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 $174,950 (11.2%) $225,139 (6.1%) 0.00 581
    2018-02-01 $183,387 (10.8%) $232,855 (6.7%) 0.00 564
    2018-03-01 $188,800 (11.1%) $235,627 (6.5%) 0.00 546
    2018-04-01 $175,500 (-1.3%) $232,936 (1.7%) 0.00 544
    2018-05-01 $176,250 (-3.4%) $232,218 (0.3%) 0.00 555
    2018-06-01 $174,900 (0.0%) $233,358 (0.9%) 0.00 590
    2018-07-01 $179,900 (8.4%) $236,190 (3.0%) 0.00 606
    2018-08-01 $178,950 (11.9%) $235,272 (5.3%) 0.00 632
    2018-09-01 $177,900 (8.8%) $234,919 (3.7%) 0.00 641
    2018-10-01 $174,575 (2.8%) $237,160 (5.1%) 0.00 655
    2018-11-01 $169,900 (-2.6%) $231,905 (2.0%) 0.00 679
    2018-12-01 $179,700 (4.2%) $233,972 (3.2%) 0.00 655
    2019-01-01 $184,000 (5.2%) $230,286 (2.3%) 0.00 644
    2019-02-01 $186,375 (1.6%) $240,099 (3.1%) 0.00 630
    2019-03-01 $194,186 (2.9%) $245,518 (4.2%) 0.00 610
    2019-04-01 $199,900 (13.9%) $249,554 (7.1%) 0.00 577
    2019-05-01 $204,075 (15.8%) $259,936 (11.9%) 0.00 584
    2019-06-01 $205,000 (17.2%) $260,389 (11.6%) 0.00 601
    2019-07-01 $212,900 (18.3%) $262,211 (11.0%) 0.00 578
    2019-08-01 $208,973 (16.8%) $260,104 (10.6%) 0.00 559
    2019-09-01 $203,082 (14.2%) $257,606 (9.7%) 0.00 560
    2019-10-01 $202,155 (15.8%) $255,296 (7.7%) 0.00 560
    2019-11-01 $206,200 (21.4%) $256,328 (10.5%) 0.00 525
    2019-12-01 $189,975 (5.7%) $247,417 (5.8%) 0.00 535
    2020-01-01 $186,475 (1.4%) $242,087 (5.1%) 0.00 511
    2020-02-01 $189,900 (1.9%) $242,486 (1.0%) 0.00 522
    2020-03-01 $197,400 (1.7%) $248,632 (1.3%) 0.00 508
    2020-04-01 $207,450 (3.8%) $255,249 (2.3%) 0.00 466
    2020-05-01 $199,900 (-2.1%) $263,753 (1.5%) 0.00 432
    2020-06-01 $210,925 (2.9%) $268,669 (3.2%) 0.00 440
    2020-07-01 $214,150 (0.6%) $272,178 (3.8%) 0.00 413
    2020-08-01 $210,950 (1.0%) $272,278 (4.7%) 0.00 394
    2020-09-01 $219,925 (8.3%) $275,180 (6.8%) 0.00 378
    2020-10-01 $214,950 (6.3%) $273,438 (7.1%) 0.00 359
    2020-11-01 $199,900 (-3.1%) $267,421 (4.3%) 0.00 355
    2020-12-01 $201,050 (5.8%) $270,798 (9.5%) 0.00 322
    2021-01-01 $199,900 (7.2%) $278,828 (15.2%) 0.00 288
    2021-02-01 $212,450 (11.9%) $294,790 (21.6%) 0.00 242
    2021-03-01 $221,800 (12.4%) $305,741 (23.0%) 0.00 234
    2021-04-01 $208,150 (0.3%) $301,120 (18.0%) 0.00 216
    2021-05-01 $199,450 (-0.2%) $302,989 (14.9%) 0.00 205
    2021-06-01 $199,778 (-5.3%) $298,350 (11.1%) 0.00 235
    2021-07-01 $199,900 (-6.7%) $307,295 (12.9%) 0.00 258
    2021-08-01 $199,900 (-5.2%) $307,638 (13.0%) 0.00 272
    2021-09-01 $200,156 (-9.0%) $295,854 (7.5%) 0.00 295
    2021-10-01 $199,400 (-7.2%) $294,275 (7.6%) 0.00 287
    2021-11-01 $213,250 (6.7%) $300,303 (12.3%) 0.00 264
    2021-12-01 $225,475 (12.2%) $300,948 (11.1%) 0.00 253
    2022-01-01 $229,000 (14.6%) $292,723 (5.0%) 0.00 220
    2022-02-01 $203,900 (-4.0%) $266,227 (-9.7%) 0.00 196
    2022-03-01 $218,300 (-1.6%) $285,169 (-6.7%) 0.00 205
    2022-04-01 $219,900 (5.6%) $284,732 (-5.4%) 0.00 222
    2022-05-01 $220,400 (10.5%) $284,725 (-6.0%) 0.00 235
    2022-06-01 $224,400 (12.3%) $286,878 (-3.9%) 0.00 283
    2022-07-01 $224,950 (12.5%) $291,169 (-5.3%) 0.00 360
    2022-08-01 $219,900 (10.0%) $283,242 (-7.9%) 0.00 390
    2022-09-01 $222,668 (11.3%) $284,822 (-3.7%) 0.00 394
    2022-10-01 $224,900 (12.8%) $278,225 (-5.5%) 0.00 415
    2022-11-01 $219,900 (3.1%) $271,668 (-9.5%) 0.00 437
    2022-12-01 $225,000 (-0.2%) $277,746 (-7.7%) 0.00 419
    2023-01-01 $222,225 (-3.0%) $267,069 (-8.8%) 0.00 394
    2023-02-01 $227,450 (11.6%) $267,294 (0.4%) 0.00 370
    2023-03-01 $244,900 (12.2%) $278,501 (-2.3%) 0.00 359
    2023-04-01 $254,900 (15.9%) $298,395 (4.8%) 0.00 375
    2023-05-01 $259,800 (17.9%) $300,746 (5.6%) 0.00 372
    2023-06-01 $257,700 (14.8%) $299,411 (4.4%) 0.00 363
    2023-07-01 $264,900 (17.8%) $303,915 (4.4%) 0.00 390
    2023-08-01 $268,475 (22.1%) $303,436 (7.1%) 0.00 447
    2023-09-01 $247,400 (11.1%) $289,457 (1.6%) 0.00 511
    2023-10-01 $238,400 (6.0%) $287,191 (3.2%) 0.00 555
    2023-11-01 $235,000 (6.9%) $296,577 (9.2%) 0.00 560
    2023-12-01 $238,950 (6.2%) $293,064 (5.5%) 0.00 562
    2024-01-01 $229,900 (3.5%) $288,919 (8.2%) 0.00 512
    2024-02-01 $232,812 (2.4%) $298,745 (11.8%) 0.00 457
    2024-03-01 $242,400 (-1.0%) $310,301 (11.4%) 0.00 470
    2024-04-01 $234,975 (-7.8%) $311,547 (4.4%) 0.00 488
    2024-05-01 $239,450 (-7.8%) $310,914 (3.4%) 0.00 492
    2024-06-01 $241,900 (-6.1%) $303,790 (1.5%) 0.00 509
    2024-07-01 $239,900 (-9.4%) $302,261 (-0.5%) 0.00 541
    2024-08-01 $239,500 (-10.8%) $302,817 (-0.2%) 0.00 594
    2024-09-01 $244,675 (-1.1%) $309,418 (6.9%) 0.00 596
    2024-10-01 $249,900 (4.8%) $313,187 (9.1%) 0.00 590
    2024-11-01 $246,500 (4.9%) $311,089 (4.9%) 0.00 585
    Jonesboro's median listing price for 2024-11-01 was $246,500, a difference of $11,500 (4.9%) versus the prior year and $-3,400 versus the prior month.

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

    Jonesboro's average listing price for 2024-11-01 was $311,089, a difference of $14,512 (4.9%) versus the prior year and $-2,098 versus the prior month.

    For the 2024-11-01 period, Jonesboro had 585 MLS listings, a difference of -5 listings (-1%) versus the prior month and 25 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jonesboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,913 sqft
    2018-02-01 0 days 1,945 sqft
    2018-03-01 0 days 1,945 sqft
    2018-04-01 0 days 1,923 sqft
    2018-05-01 0 days 1,940 sqft
    2018-06-01 0 days 1,940 sqft
    2018-07-01 0 days 1,969 sqft
    2018-08-01 0 days 1,953 sqft
    2018-09-01 0 days 1,940 sqft
    2018-10-01 0 days 1,954 sqft
    2018-11-01 0 days 1,934 sqft
    2018-12-01 0 days 1,950 sqft
    2019-01-01 0 days 1,943 sqft
    2019-02-01 0 days 1,957 sqft
    2019-03-01 0 days 2,021 sqft
    2019-04-01 0 days 2,078 sqft
    2019-05-01 0 days 2,112 sqft
    2019-06-01 0 days 2,105 sqft
    2019-07-01 0 days 2,126 sqft
    2019-08-01 0 days 2,097 sqft
    2019-09-01 0 days 2,064 sqft
    2019-10-01 0 days 2,042 sqft
    2019-11-01 0 days 2,048 sqft
    2019-12-01 0 days 1,950 sqft
    2020-01-01 0 days 1,910 sqft
    2020-02-01 0 days 1,916 sqft
    2020-03-01 0 days 1,921 sqft
    2020-04-01 0 days 1,974 sqft
    2020-05-01 0 days 1,937 sqft
    2020-06-01 0 days 2,041 sqft
    2020-07-01 0 days 2,075 sqft
    2020-08-01 0 days 2,098 sqft
    2020-09-01 0 days 2,086 sqft
    2020-10-01 0 days 2,044 sqft
    2020-11-01 0 days 1,987 sqft
    2020-12-01 0 days 2,000 sqft
    2021-01-01 0 days 1,980 sqft
    2021-02-01 0 days 2,132 sqft
    2021-03-01 0 days 2,163 sqft
    2021-04-01 0 days 2,030 sqft
    2021-05-01 0 days 1,813 sqft
    2021-06-01 0 days 1,777 sqft
    2021-07-01 0 days 1,810 sqft
    2021-08-01 0 days 1,839 sqft
    2021-09-01 0 days 1,873 sqft
    2021-10-01 0 days 1,926 sqft
    2021-11-01 0 days 1,939 sqft
    2021-12-01 0 days 1,956 sqft
    2022-01-01 0 days 1,921 sqft
    2022-02-01 0 days 1,920 sqft
    2022-03-01 0 days 1,843 sqft
    2022-04-01 0 days 1,791 sqft
    2022-05-01 0 days 1,882 sqft
    2022-06-01 0 days 1,849 sqft
    2022-07-01 0 days 1,852 sqft
    2022-08-01 0 days 1,755 sqft
    2022-09-01 0 days 1,779 sqft
    2022-10-01 0 days 1,792 sqft
    2022-11-01 0 days 1,775 sqft
    2022-12-01 0 days 1,802 sqft
    2023-01-01 0 days 1,783 sqft
    2023-02-01 0 days 1,778 sqft
    2023-03-01 0 days 1,821 sqft
    2023-04-01 0 days 1,843 sqft
    2023-05-01 0 days 1,872 sqft
    2023-06-01 0 days 1,886 sqft
    2023-07-01 0 days 1,920 sqft
    2023-08-01 0 days 1,971 sqft
    2023-09-01 0 days 1,866 sqft
    2023-10-01 0 days 1,847 sqft
    2023-11-01 0 days 1,806 sqft
    2023-12-01 0 days 1,800 sqft
    2024-01-01 0 days 1,769 sqft
    2024-02-01 0 days 1,777 sqft
    2024-03-01 0 days 1,750 sqft
    2024-04-01 0 days 1,697 sqft
    2024-05-01 0 days 1,751 sqft
    2024-06-01 0 days 1,737 sqft
    2024-07-01 0 days 1,719 sqft
    2024-08-01 0 days 1,729 sqft
    2024-09-01 0 days 1,748 sqft
    2024-10-01 0 days 1,750 sqft
    2024-11-01 0 days 1,771 sqft
    Jonesboro's median listing age (time on market) for 2024-11-01 was 0 days.

    Jonesboro's median square footage for active listings during the 2024-11-01 period was 1,771 sqft. One year prior, the average listing was 1,806 sqft.