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 5 lenders originated 6 USDA loans during 2022. The total origination value was $760,000, with an average USDA loan value of $126,667.

    Magnolia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Magnolia averaged -0.46% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Magnolia's average USDA mortgage closing costs are $3,767.

    The average rate for the prior week (2023-11-17) was 6.73% and one month ago for the week of 2023-10-20, the average rate was 7.15%.

    The average rate one year ago was 6.29%.

    For refis of the same type during the week of 2023-11-24, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Farmers Bank & Trust Company 2 4.44% $3,645
    EVERETT FINANCIAL, INC. 1 4.63% $2,577
    FirstTrust Home Loans, Inc. 1 2.88% $4,013
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $3,951
    PLANET HOME LENDING, LLC 1 5.63% $6,231

    The top Magnolia USDA lender as defined by loan originations is Farmers Bank & Trust Company, with 2 USDA loans originated. Their average total fees are $3,645, which is $1,067 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 (1.6%) $140,881 (-12.1%) 0.00 140
    2018-02-01 $114,950 (-1.8%) $137,705 (-12.1%) 0.00 137
    2018-03-01 $119,900 (3.4%) $135,609 (-14.7%) 0.00 130
    2018-04-01 $134,950 (15.3%) $145,999 (-6.3%) 0.00 127
    2018-05-01 $149,000 (24.3%) $152,893 (-2.2%) 0.00 125
    2018-06-01 $132,400 (2.9%) $146,571 (-4.3%) 0.00 127
    2018-07-01 $123,950 (-11.1%) $138,981 (-11.1%) 0.00 108
    2018-08-01 $129,900 (-5.4%) $143,593 (-6.7%) 0.00 109
    2018-09-01 $129,900 (-6.6%) $145,190 (-7.8%) 0.00 110
    2018-10-01 $132,450 (2.9%) $148,146 (-2.1%) 0.00 120
    2018-11-01 $136,250 (5.4%) $151,323 (-0.1%) 0.00 116
    2018-12-01 $146,950 (15.3%) $154,599 (4.9%) 0.00 118
    2019-01-01 $149,450 (24.7%) $156,456 (11.1%) 0.00 113
    2019-02-01 $149,225 (29.8%) $153,060 (11.2%) 0.00 115
    2019-03-01 $143,800 (19.9%) $155,429 (14.6%) 0.00 110
    2019-04-01 $141,525 (4.9%) $160,382 (9.9%) 0.00 109
    2019-05-01 $148,250 (-0.5%) $161,001 (5.3%) 0.00 114
    2019-06-01 $147,500 (11.4%) $162,348 (10.8%) 0.00 123
    2019-07-01 $139,900 (12.9%) $160,580 (15.5%) 0.00 134
    2019-08-01 $139,609 (7.5%) $162,622 (13.3%) 0.00 131
    2019-09-01 $139,773 (7.6%) $166,053 (14.4%) 0.00 127
    2019-10-01 $139,900 (5.6%) $169,100 (14.1%) 0.00 125
    2019-11-01 $144,900 (6.4%) $174,550 (15.4%) 0.00 112
    2019-12-01 $145,200 (-1.2%) $172,731 (11.7%) 0.00 112
    2020-01-01 $152,000 (1.7%) $179,419 (14.7%) 0.00 107
    2020-02-01 $149,000 (-0.2%) $178,006 (16.3%) 0.00 115
    2020-03-01 $146,375 (1.8%) $179,780 (15.7%) 0.00 114
    2020-04-01 $152,400 (7.7%) $185,275 (15.5%) 0.00 111
    2020-05-01 $175,000 (18.0%) $192,501 (19.6%) 0.00 110
    2020-06-01 $167,850 (13.8%) $191,094 (17.7%) 0.00 103
    2020-07-01 $159,875 (14.3%) $186,519 (16.2%) 0.00 96
    2020-08-01 $169,900 (21.7%) $191,357 (17.7%) 0.00 86
    2020-09-01 $169,750 (21.5%) $191,854 (15.5%) 0.00 75
    2020-10-01 $169,000 (20.8%) $184,401 (9.1%) 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%) $217,907 (11.1%) 0.00 50
    2022-11-01 $199,000 (21.7%) $226,064 (7.5%) 0.00 54
    2022-12-01 $199,000 (-2.3%) $220,604 (1.6%) 0.00 56
    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 (23.3%) 0.00 87
    Magnolia's median listing price for 2023-10-01 was $219,975, a difference of $24,975 (12.8%) versus the prior year and $75 versus the prior month.

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

    Magnolia's average listing price for 2023-10-01 was $268,725, a difference of $50,818 (23.3%) versus the prior year and $5,367 versus the prior month.

    For the 2023-10-01 period, Magnolia had 87 MLS listings, a difference of 16 listings (23%) versus the prior month and 37 listings (74%) 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 1,681 sqft
    2018-02-01 0 days 1,714 sqft
    2018-03-01 0 days 1,739 sqft
    2018-04-01 0 days 2,000 sqft
    2018-05-01 0 days 2,094 sqft
    2018-06-01 0 days 2,189 sqft
    2018-07-01 0 days 2,169 sqft
    2018-08-01 0 days 2,189 sqft
    2018-09-01 0 days 2,109 sqft
    2018-10-01 0 days 1,950 sqft
    2018-11-01 0 days 1,792 sqft
    2018-12-01 0 days 1,729 sqft
    2019-01-01 0 days 1,738 sqft
    2019-02-01 0 days 1,756 sqft
    2019-03-01 0 days 1,783 sqft
    2019-04-01 0 days 1,833 sqft
    2019-05-01 0 days 1,879 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 1,954 sqft
    2019-08-01 0 days 2,018 sqft
    2019-09-01 0 days 2,091 sqft
    2019-10-01 0 days 2,139 sqft
    2019-11-01 0 days 2,109 sqft
    2019-12-01 0 days 2,056 sqft
    2020-01-01 0 days 2,016 sqft
    2020-02-01 0 days 2,038 sqft
    2020-03-01 0 days 2,009 sqft
    2020-04-01 0 days 2,044 sqft
    2020-05-01 0 days 2,109 sqft
    2020-06-01 0 days 2,114 sqft
    2020-07-01 0 days 2,086 sqft
    2020-08-01 0 days 2,095 sqft
    2020-09-01 0 days 2,155 sqft
    2020-10-01 0 days 2,128 sqft
    2020-11-01 0 days 1,965 sqft
    2020-12-01 0 days 2,013 sqft
    2021-01-01 0 days 2,062 sqft
    2021-02-01 0 days 1,964 sqft
    2021-03-01 0 days 1,963 sqft
    2021-04-01 0 days 1,922 sqft
    2021-05-01 0 days 2,177 sqft
    2021-06-01 0 days 2,120 sqft
    2021-07-01 0 days 1,941 sqft
    2021-08-01 0 days 1,941 sqft
    2021-09-01 0 days 1,971 sqft
    2021-10-01 0 days 1,908 sqft
    2021-11-01 0 days 1,917 sqft
    2021-12-01 0 days 1,909 sqft
    2022-01-01 0 days 1,908 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 2,062 sqft
    2022-11-01 0 days 2,030 sqft
    2022-12-01 0 days 1,926 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
    Magnolia's median listing age (time on market) for 2023-10-01 was 0 days.

    Magnolia's median square footage for active listings during the 2023-10-01 period was 1,971 sqft. One year prior, the average listing was 2,062 sqft.