Magnolia USDA Loan Rates, Closing Costs & Stats

Magnolia, 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.

    Magnolia's 3 lenders originated 5 USDA loans during 2023. The total origination value was $425,000, with an average USDA loan value of $85,000.

    Magnolia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Magnolia averaged -0.17% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Magnolia's average USDA mortgage closing costs are $3,796.

    The average rate for the prior week (2024-11-08) was 6.39% and one month ago for the week of 2024-10-11, the average rate was 6.25%.

    The average rate one year ago was 7.48%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.1%.

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

    Magnolia 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 Magnolia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Farmers Bank & Trust Company 3 6.21% $4,202
    EVERETT FINANCIAL, INC. 1 7.13% $3,771
    FirstTrust Home Loans, Inc. 1 7.13% $4,747

    The top Magnolia USDA lender as defined by loan originations is Farmers Bank & Trust Company, with 3 USDA loans originated. Their average total fees are $4,202, which is $431 higher than the next largest lender, EVERETT FINANCIAL, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Magnolia (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 $119,900 (1.4%) $141,325 (-11.6%) 0.00 139
    2018-02-01 $115,000 (-1.7%) $139,149 (-10.6%) 0.00 136
    2018-03-01 $120,000 (3.5%) $137,608 (-13.0%) 0.00 129
    2018-04-01 $143,450 (22.6%) $149,074 (-3.8%) 0.00 128
    2018-05-01 $149,450 (24.7%) $155,873 (0.2%) 0.00 126
    2018-06-01 $137,400 (6.8%) $148,124 (-2.9%) 0.00 127
    2018-07-01 $127,450 (-8.6%) $141,064 (-9.4%) 0.00 107
    2018-08-01 $132,425 (-3.5%) $145,605 (-4.9%) 0.00 107
    2018-09-01 $129,900 (-6.6%) $145,944 (-7.0%) 0.00 108
    2018-10-01 $135,000 (3.9%) $149,079 (-2.0%) 0.00 118
    2018-11-01 $141,225 (8.7%) $152,515 (0.3%) 0.00 114
    2018-12-01 $149,000 (16.9%) $155,058 (4.8%) 0.00 117
    2019-01-01 $149,675 (24.8%) $156,941 (11.1%) 0.00 112
    2019-02-01 $149,675 (30.2%) $153,520 (10.3%) 0.00 114
    2019-03-01 $147,607 (23.0%) $156,015 (13.4%) 0.00 109
    2019-04-01 $145,982 (1.8%) $161,120 (8.1%) 0.00 107
    2019-05-01 $149,450 (0.0%) $161,723 (3.8%) 0.00 112
    2019-06-01 $148,000 (7.7%) $162,372 (9.6%) 0.00 121
    2019-07-01 $139,700 (9.6%) $159,291 (12.9%) 0.00 132
    2019-08-01 $139,609 (5.4%) $161,786 (11.1%) 0.00 129
    2019-09-01 $139,773 (7.6%) $165,859 (13.7%) 0.00 126
    2019-10-01 $139,900 (3.6%) $169,401 (13.6%) 0.00 124
    2019-11-01 $144,900 (2.6%) $174,550 (14.5%) 0.00 112
    2019-12-01 $145,200 (-2.6%) $172,731 (11.4%) 0.00 112
    2020-01-01 $152,000 (1.6%) $179,419 (14.3%) 0.00 107
    2020-02-01 $149,000 (-0.5%) $178,006 (16.0%) 0.00 115
    2020-03-01 $146,375 (-0.8%) $179,780 (15.2%) 0.00 114
    2020-04-01 $152,400 (4.4%) $185,275 (15.0%) 0.00 111
    2020-05-01 $175,000 (17.1%) $192,501 (19.0%) 0.00 110
    2020-06-01 $167,850 (13.4%) $191,094 (17.7%) 0.00 103
    2020-07-01 $159,875 (14.4%) $186,519 (17.1%) 0.00 96
    2020-08-01 $169,900 (21.7%) $191,357 (18.3%) 0.00 86
    2020-09-01 $169,750 (21.5%) $191,854 (15.7%) 0.00 75
    2020-10-01 $169,000 (20.8%) $184,401 (8.9%) 0.00 79
    2020-11-01 $169,000 (16.6%) $183,389 (5.1%) 0.00 79
    2020-12-01 $159,750 (10.0%) $174,849 (1.2%) 0.00 78
    2021-01-01 $157,000 (3.3%) $167,751 (-6.5%) 0.00 71
    2021-02-01 $157,000 (5.4%) $171,157 (-3.9%) 0.00 66
    2021-03-01 $147,200 (0.6%) $166,123 (-7.6%) 0.00 54
    2021-04-01 $138,450 (-9.2%) $159,636 (-13.8%) 0.00 48
    2021-05-01 $138,700 (-20.7%) $156,617 (-18.6%) 0.00 40
    2021-06-01 $139,900 (-16.7%) $160,709 (-15.9%) 0.00 41
    2021-07-01 $132,500 (-17.1%) $164,740 (-11.7%) 0.00 42
    2021-08-01 $127,500 (-25.0%) $171,286 (-10.5%) 0.00 44
    2021-09-01 $141,225 (-16.8%) $191,939 (0.0%) 0.00 43
    2021-10-01 $150,000 (-11.2%) $196,182 (6.4%) 0.00 39
    2021-11-01 $163,500 (-3.3%) $210,218 (14.6%) 0.00 36
    2021-12-01 $203,750 (27.5%) $217,092 (24.2%) 0.00 38
    2022-01-01 $180,000 (14.7%) $208,824 (24.5%) 0.00 37
    2022-02-01 $175,000 (11.5%) $194,586 (13.7%) 0.00 33
    2022-03-01 $211,150 (43.4%) $210,752 (26.9%) 0.00 32
    2022-04-01 $177,500 (28.2%) $201,612 (26.3%) 0.00 35
    2022-05-01 $219,950 (58.6%) $214,991 (37.3%) 0.00 34
    2022-06-01 $177,450 (26.8%) $205,970 (28.2%) 0.00 43
    2022-07-01 $185,000 (39.6%) $214,593 (30.3%) 0.00 46
    2022-08-01 $171,250 (34.3%) $198,083 (15.6%) 0.00 44
    2022-09-01 $190,000 (34.5%) $223,027 (16.2%) 0.00 41
    2022-10-01 $195,000 (30.0%) $216,839 (10.5%) 0.00 49
    2022-11-01 $198,000 (21.1%) $225,364 (7.2%) 0.00 53
    2022-12-01 $199,000 (-2.3%) $219,783 (1.2%) 0.00 55
    2023-01-01 $185,000 (2.8%) $210,622 (0.9%) 0.00 53
    2023-02-01 $185,000 (5.7%) $223,008 (14.6%) 0.00 54
    2023-03-01 $164,950 (-21.9%) $208,119 (-1.3%) 0.00 54
    2023-04-01 $159,900 (-9.9%) $198,211 (-1.7%) 0.00 62
    2023-05-01 $187,450 (-14.8%) $229,596 (6.8%) 0.00 63
    2023-06-01 $205,725 (15.9%) $247,945 (20.4%) 0.00 58
    2023-07-01 $215,000 (16.2%) $250,896 (16.9%) 0.00 57
    2023-08-01 $220,750 (28.9%) $254,379 (28.4%) 0.00 61
    2023-09-01 $219,900 (15.7%) $263,358 (18.1%) 0.00 71
    2023-10-01 $219,975 (12.8%) $268,725 (23.9%) 0.00 87
    2023-11-01 $219,450 (10.8%) $261,728 (16.1%) 0.00 68
    2023-12-01 $210,000 (5.5%) $251,880 (14.6%) 0.00 62
    2024-01-01 $194,675 (5.2%) $244,984 (16.3%) 0.00 58
    2024-02-01 $202,200 (9.3%) $254,296 (14.0%) 0.00 56
    2024-03-01 $195,250 (18.4%) $220,373 (5.9%) 0.00 66
    2024-04-01 $197,675 (23.6%) $231,497 (16.8%) 0.00 66
    2024-05-01 $199,950 (6.7%) $275,182 (19.9%) 0.00 62
    2024-06-01 $209,500 (1.8%) $277,723 (12.0%) 0.00 58
    2024-07-01 $202,750 (-5.7%) $273,232 (8.9%) 0.00 61
    2024-08-01 $225,000 (1.9%) $297,358 (16.9%) 0.00 74
    2024-09-01 $233,900 (6.4%) $305,273 (15.9%) 0.00 70
    2024-10-01 $244,900 (11.3%) $304,790 (13.4%) 0.00 68
    Magnolia's median listing price for 2024-10-01 was $244,900, a difference of $24,925 (11.3%) versus the prior year and $11,000 versus the prior month.

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

    Magnolia's average listing price for 2024-10-01 was $304,790, a difference of $36,065 (13.4%) versus the prior year and $-483 versus the prior month.

    For the 2024-10-01 period, Magnolia had 68 MLS listings, a difference of -2 listings (-3%) versus the prior month and -19 listings (-22%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Magnolia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,730 sqft
    2018-02-01 0 days 1,730 sqft
    2018-03-01 0 days 1,739 sqft
    2018-04-01 0 days 1,974 sqft
    2018-05-01 0 days 2,078 sqft
    2018-06-01 0 days 2,189 sqft
    2018-07-01 0 days 2,149 sqft
    2018-08-01 0 days 2,189 sqft
    2018-09-01 0 days 2,149 sqft
    2018-10-01 0 days 2,033 sqft
    2018-11-01 0 days 1,884 sqft
    2018-12-01 0 days 1,738 sqft
    2019-01-01 0 days 1,738 sqft
    2019-02-01 0 days 1,752 sqft
    2019-03-01 0 days 1,723 sqft
    2019-04-01 0 days 1,758 sqft
    2019-05-01 0 days 1,841 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 1,839 sqft
    2019-08-01 0 days 1,951 sqft
    2019-09-01 0 days 2,062 sqft
    2019-10-01 0 days 2,135 sqft
    2019-11-01 0 days 2,086 sqft
    2019-12-01 0 days 2,044 sqft
    2020-01-01 0 days 1,950 sqft
    2020-02-01 0 days 1,950 sqft
    2020-03-01 0 days 1,962 sqft
    2020-04-01 0 days 1,999 sqft
    2020-05-01 0 days 2,019 sqft
    2020-06-01 0 days 2,040 sqft
    2020-07-01 0 days 2,040 sqft
    2020-08-01 0 days 2,062 sqft
    2020-09-01 0 days 2,128 sqft
    2020-10-01 0 days 2,128 sqft
    2020-11-01 0 days 2,013 sqft
    2020-12-01 0 days 2,013 sqft
    2021-01-01 0 days 2,062 sqft
    2021-02-01 0 days 1,866 sqft
    2021-03-01 0 days 2,010 sqft
    2021-04-01 0 days 1,915 sqft
    2021-05-01 0 days 2,338 sqft
    2021-06-01 0 days 2,315 sqft
    2021-07-01 0 days 1,971 sqft
    2021-08-01 0 days 1,956 sqft
    2021-09-01 0 days 2,062 sqft
    2021-10-01 0 days 1,894 sqft
    2021-11-01 0 days 1,905 sqft
    2021-12-01 0 days 1,902 sqft
    2022-01-01 0 days 1,896 sqft
    2022-02-01 0 days 1,834 sqft
    2022-03-01 0 days 1,834 sqft
    2022-04-01 0 days 1,820 sqft
    2022-05-01 0 days 1,917 sqft
    2022-06-01 0 days 1,825 sqft
    2022-07-01 0 days 1,968 sqft
    2022-08-01 0 days 1,927 sqft
    2022-09-01 0 days 2,096 sqft
    2022-10-01 0 days 2,039 sqft
    2022-11-01 0 days 2,009 sqft
    2022-12-01 0 days 1,903 sqft
    2023-01-01 0 days 1,872 sqft
    2023-02-01 0 days 1,936 sqft
    2023-03-01 0 days 1,933 sqft
    2023-04-01 0 days 1,860 sqft
    2023-05-01 0 days 1,928 sqft
    2023-06-01 0 days 1,967 sqft
    2023-07-01 0 days 1,963 sqft
    2023-08-01 0 days 1,956 sqft
    2023-09-01 0 days 1,934 sqft
    2023-10-01 0 days 1,971 sqft
    2023-11-01 0 days 1,983 sqft
    2023-12-01 0 days 1,989 sqft
    2024-01-01 0 days 1,997 sqft
    2024-02-01 0 days 2,108 sqft
    2024-03-01 0 days 1,955 sqft
    2024-04-01 0 days 2,048 sqft
    2024-05-01 0 days 2,064 sqft
    2024-06-01 0 days 2,061 sqft
    2024-07-01 0 days 1,985 sqft
    2024-08-01 0 days 2,010 sqft
    2024-09-01 0 days 2,134 sqft
    2024-10-01 0 days 2,074 sqft
    Magnolia's median listing age (time on market) for 2024-10-01 was 0 days.

    Magnolia's median square footage for active listings during the 2024-10-01 period was 2,074 sqft. One year prior, the average listing was 1,971 sqft.