Malvern USDA Loan Rates, Closing Costs & Stats

Malvern, AR

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.

Malvern's 20 lenders originated 73 USDA loans during 2021. The total origination value was $8,905,000, with an average USDA loan value of $121,986.

Malvern USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Malvern averaged 6.48% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Malvern's average USDA mortgage closing costs are $3,243.

The average rate for the prior week (2022-11-25) was 6.42% and one month ago for the week of 2022-10-28, the average rate was 6.99%.

The average rate one year ago was 3.49%.

For refis of the same type during the week of 2022-12-02, the average rate was 5.99%.

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

Malvern 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 Malvern level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
GMFS LLC 28 2.94% $2,295
AMCAP MORTGAGE, LTD. 6 3.23% $4,343
PRIMARY RESIDENTIAL MORTGAGE, INC. 5 3.43% $2,969
MORTGAGE INVESTORS GROUP, INC. 4 2.81% $4,969
FirstTrust Home Loans, Inc. 4 3.44% $3,585
Arvest Bank 3 3.00% $4,560
COMMUNITY MORTGAGE CORPORATION 3 2.67% $5,086
U.S. Bank 3 3.29% $3,924
Flanagan State Bank 3 2.92% $3,154
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.50% $4,070
PENNYMAC LOAN SERVICES, LLC 2 2.94% $4,035
SWBC MORTGAGE CORPORATION 2 3.44% $1,674
EVERETT FINANCIAL, INC. 1 5.13% $2,798
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $7,311
Citizens Bank 1 3.00% $4,434
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $3,862
Carrington Mortgage Services, LLC 1 4.50% $5,296
UNION HOME MORTGAGE CORP. 1 2.50% $3,816
FIRST COMMUNITY MORTGAGE, INC. 1 2.63% $4,674
Bank of England 1 3.25% $4,466

The top Malvern USDA lender as defined by loan originations is GMFS LLC, with 28 USDA loans originated. Their average total fees are $2,295, which is $2,048 lower than the next largest lender, AMCAP MORTGAGE, LTD..

The lowest fee Malvern USDA lenders (with over 10 loans originated) are GMFS LLC ($2,295), .

The lowest rate Malvern USDA lenders (with over 10 loans originated) are GMFS LLC (2.94%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Malvern (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 $127,750 (11.9%) $161,300 (10.1%) 0.00 129
2018-02-01 $128,725 (17.6%) $167,864 (13.9%) 0.00 133
2018-03-01 $129,900 (22.9%) $167,298 (15.2%) 0.00 114
2018-04-01 $139,000 (27.5%) $184,676 (24.1%) 0.00 115
2018-05-01 $131,925 (15.0%) $184,045 (24.4%) 0.00 117
2018-06-01 $131,750 (8.7%) $181,167 (18.7%) 0.00 126
2018-07-01 $136,625 (5.1%) $178,304 (14.8%) 0.00 121
2018-08-01 $149,250 (8.6%) $167,728 (5.2%) 0.00 117
2018-09-01 $150,000 (7.7%) $170,620 (6.5%) 0.00 115
2018-10-01 $144,950 (4.3%) $167,686 (0.3%) 0.00 122
2018-11-01 $129,225 (-5.8%) $149,894 (-9.0%) 0.00 120
2018-12-01 $129,175 (-0.6%) $147,785 (-6.9%) 0.00 109
2019-01-01 $130,825 (2.4%) $146,436 (-9.2%) 0.00 104
2019-02-01 $140,219 (8.9%) $157,100 (-6.4%) 0.00 95
2019-03-01 $120,243 (-7.4%) $150,091 (-10.3%) 0.00 95
2019-04-01 $111,243 (-20.0%) $146,062 (-20.9%) 0.00 94
2019-05-01 $136,200 (3.2%) $162,588 (-11.7%) 0.00 89
2019-06-01 $155,000 (17.7%) $170,446 (-5.9%) 0.00 91
2019-07-01 $149,750 (9.6%) $174,456 (-2.2%) 0.00 83
2019-08-01 $151,643 (1.6%) $173,111 (3.2%) 0.00 84
2019-09-01 $154,108 (2.7%) $173,266 (1.6%) 0.00 87
2019-10-01 $155,189 (7.1%) $173,368 (3.4%) 0.00 88
2019-11-01 $159,000 (23.0%) $186,126 (24.2%) 0.00 83
2019-12-01 $157,225 (21.7%) $192,481 (30.2%) 0.00 89
2020-01-01 $159,600 (22.0%) $197,826 (35.1%) 0.00 92
2020-02-01 $160,000 (14.1%) $209,419 (33.3%) 0.00 94
2020-03-01 $192,000 (59.7%) $220,828 (47.1%) 0.00 88
2020-04-01 $198,750 (78.7%) $232,593 (59.2%) 0.00 80
2020-05-01 $192,450 (41.3%) $235,962 (45.1%) 0.00 71
2020-06-01 $190,725 (23.1%) $252,992 (48.4%) 0.00 62
2020-07-01 $193,625 (29.3%) $250,896 (43.8%) 0.00 64
2020-08-01 $199,000 (31.2%) $271,253 (56.7%) 0.00 59
2020-09-01 $164,725 (6.9%) $261,606 (51.0%) 0.00 59
2020-10-01 $175,000 (12.8%) $256,881 (48.2%) 0.00 53
2020-11-01 $159,450 (0.3%) $242,706 (30.4%) 0.00 58
2020-12-01 $141,725 (-9.9%) $245,594 (27.6%) 0.00 61
2021-01-01 $176,000 (10.3%) $251,305 (27.0%) 0.00 55
2021-02-01 $136,750 (-14.5%) $258,893 (23.6%) 0.00 47
2021-03-01 $166,375 (-13.4%) $297,483 (34.7%) 0.00 44
2021-04-01 $159,175 (-19.9%) $274,004 (17.8%) 0.00 42
2021-05-01 $165,000 (-14.3%) $294,311 (24.7%) 0.00 40
2021-06-01 $175,920 (-7.8%) $305,685 (20.8%) 0.00 39
2021-07-01 $182,450 (-5.8%) $289,390 (15.3%) 0.00 46
2021-08-01 $173,650 (-12.7%) $212,336 (-21.7%) 0.00 54
2021-09-01 $176,975 (7.4%) $245,520 (-6.2%) 0.00 47
2021-10-01 $179,900 (2.8%) $261,411 (1.8%) 0.00 52
2021-11-01 $211,238 (32.5%) $295,354 (21.7%) 0.00 46
2021-12-01 $221,250 (56.1%) $312,129 (27.1%) 0.00 44
2022-01-01 $225,000 (27.8%) $309,531 (23.2%) 0.00 37
2022-02-01 $198,000 (44.8%) $294,419 (13.7%) 0.00 44
2022-03-01 $182,000 (9.4%) $262,719 (-11.7%) 0.00 39
2022-04-01 $164,950 (3.6%) $236,685 (-13.6%) 0.00 43
2022-05-01 $177,250 (7.4%) $258,894 (-12.0%) 0.00 53
2022-06-01 $183,375 (4.2%) $279,004 (-8.7%) 0.00 47
2022-07-01 $192,000 (5.2%) $267,162 (-7.7%) 0.00 59
2022-08-01 $192,500 (10.9%) $261,704 (23.3%) 0.00 64
2022-09-01 $189,500 (7.1%) $281,443 (14.6%) 0.00 58
2022-10-01 $189,000 (5.1%) $299,001 (14.4%) 0.00 57
2022-11-01 $173,450 (-17.9%) $255,912 (-13.4%) 0.00 77
Malvern's median listing price for 2022-11-01 was $173,450, a difference of $-37,788 (-17.9%) versus the prior year and $-15,550 versus the prior month.

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

Malvern's average listing price for 2022-11-01 was $255,912, a difference of $-39,442 (-13.4%) versus the prior year and $-43,089 versus the prior month.

For the 2022-11-01 period, Malvern had 77 MLS listings, a difference of 20 listings (35%) versus the prior month and 31 listings (67%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Malvern (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,574 sqft
2018-02-01 0 days 1,574 sqft
2018-03-01 0 days 1,636 sqft
2018-04-01 0 days 1,692 sqft
2018-05-01 0 days 1,691 sqft
2018-06-01 0 days 1,790 sqft
2018-07-01 0 days 1,775 sqft
2018-08-01 0 days 1,756 sqft
2018-09-01 0 days 1,770 sqft
2018-10-01 0 days 1,747 sqft
2018-11-01 0 days 1,752 sqft
2018-12-01 0 days 1,681 sqft
2019-01-01 0 days 1,655 sqft
2019-02-01 0 days 1,680 sqft
2019-03-01 0 days 1,614 sqft
2019-04-01 0 days 1,598 sqft
2019-05-01 0 days 1,671 sqft
2019-06-01 0 days 1,680 sqft
2019-07-01 0 days 1,700 sqft
2019-08-01 0 days 1,664 sqft
2019-09-01 0 days 1,664 sqft
2019-10-01 0 days 1,664 sqft
2019-11-01 0 days 1,727 sqft
2019-12-01 0 days 1,699 sqft
2020-01-01 0 days 1,746 sqft
2020-02-01 0 days 1,756 sqft
2020-03-01 0 days 1,811 sqft
2020-04-01 0 days 1,811 sqft
2020-05-01 0 days 1,844 sqft
2020-06-01 0 days 1,821 sqft
2020-07-01 0 days 1,820 sqft
2020-08-01 0 days 1,916 sqft
2020-09-01 0 days 1,890 sqft
2020-10-01 0 days 2,023 sqft
2020-11-01 0 days 1,914 sqft
2020-12-01 0 days 1,792 sqft
2021-01-01 0 days 1,916 sqft
2021-02-01 0 days 1,779 sqft
2021-03-01 0 days 1,780 sqft
2021-04-01 0 days 1,630 sqft
2021-05-01 0 days 1,657 sqft
2021-06-01 0 days 1,642 sqft
2021-07-01 0 days 1,644 sqft
2021-08-01 0 days 1,549 sqft
2021-09-01 0 days 1,600 sqft
2021-10-01 0 days 1,456 sqft
2021-11-01 0 days 1,758 sqft
2021-12-01 0 days 1,792 sqft
2022-01-01 0 days 2,014 sqft
2022-02-01 0 days 1,907 sqft
2022-03-01 0 days 1,795 sqft
2022-04-01 0 days 1,545 sqft
2022-05-01 0 days 1,493 sqft
2022-06-01 0 days 1,532 sqft
2022-07-01 0 days 1,697 sqft
2022-08-01 0 days 1,742 sqft
2022-09-01 0 days 1,780 sqft
2022-10-01 0 days 1,771 sqft
2022-11-01 0 days 1,771 sqft
Malvern's median listing age (time on market) for 2022-11-01 was 0 days.

Malvern's median square footage for active listings during the 2022-11-01 period was 1,771 sqft. One year prior, the average listing was 1,758 sqft.