Malvern USDA Loan Rates, Closing Costs & Stats

Malvern, 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.

    Malvern's 17 lenders originated 50 USDA loans during 2022. The total origination value was $7,260,000, with an average USDA loan value of $145,200.

    Malvern USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Malvern averaged -0.19% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Malvern's average USDA mortgage closing costs are $3,338.

    The average rate for the prior week (2023-11-17) was 6.9% and one month ago for the week of 2023-10-20, the average rate was 7.42%.

    The average rate one year ago was 6.46%.

    For refis of the same type during the week of 2023-11-24, the average rate was 0.2%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GMFS LLC 14 4.49% $3,803
    FirstTrust Home Loans, Inc. 7 5.00% $4,412
    EVERETT FINANCIAL, INC. 4 4.97% $2,840
    SWBC MORTGAGE CORPORATION 4 4.94% $1,404
    FLAT BRANCH MORTGAGE, INC. 3 5.13% $5,829
    FIRST COMMUNITY MORTGAGE, INC. 2 6.31% $4,441
    First Security Bank 2 4.81% $3,499
    Paramount Residential Mortgage Group, Inc. 2 6.13% $3,781
    Citizens Bank 2 5.50% $4,202
    Regions Bank 2 4.69% $4,657
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.44% $4,281
    U.S. Bank 1 5.25% $2,573
    COMMUNITY MORTGAGE CORPORATION 1 4.87% $3,620
    Eagle Bank and Trust Company 1 3.25% $3,114
    Flanagan State Bank 1 5.63% $3,109
    MORTGAGE INVESTORS GROUP, INC. 1 2.75% $4,481
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 5.12% $4,395

    The top Malvern USDA lender as defined by loan originations is GMFS LLC, with 14 USDA loans originated. Their average total fees are $3,803, which is $609 lower than the next largest lender, FirstTrust Home Loans, Inc..

    The lowest fee Malvern USDA lenders (with over 10 loans originated) are GMFS LLC ($3,803), .

    The lowest rate Malvern USDA lenders (with over 10 loans originated) are GMFS LLC (4.49%), .

    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 (12.6%) $161,300 (10.3%) 0.00 129
    2018-02-01 $128,725 (18.1%) $167,864 (14.1%) 0.00 133
    2018-03-01 $129,900 (23.8%) $167,298 (15.3%) 0.00 114
    2018-04-01 $139,250 (27.8%) $185,157 (24.4%) 0.00 116
    2018-05-01 $132,588 (15.6%) $184,514 (24.7%) 0.00 118
    2018-06-01 $132,500 (9.4%) $181,608 (19.0%) 0.00 127
    2018-07-01 $139,250 (7.1%) $178,761 (15.1%) 0.00 122
    2018-08-01 $149,350 (8.7%) $168,239 (5.5%) 0.00 118
    2018-09-01 $150,000 (7.7%) $171,123 (6.8%) 0.00 116
    2018-10-01 $144,950 (4.3%) $167,937 (0.4%) 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 (-20.1%) $146,062 (-21.1%) 0.00 94
    2019-05-01 $136,200 (2.7%) $162,588 (-11.9%) 0.00 89
    2019-06-01 $155,000 (17.0%) $170,446 (-6.2%) 0.00 91
    2019-07-01 $149,750 (7.5%) $174,456 (-2.4%) 0.00 83
    2019-08-01 $151,643 (1.5%) $173,111 (2.9%) 0.00 84
    2019-09-01 $154,108 (2.7%) $173,266 (1.3%) 0.00 87
    2019-10-01 $155,189 (7.1%) $173,368 (3.2%) 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 $178,333 (8.1%) $258,521 (-12.2%) 0.00 54
    2022-06-01 $192,750 (9.6%) $280,696 (-8.2%) 0.00 49
    2022-07-01 $195,000 (6.9%) $269,394 (-6.9%) 0.00 60
    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
    2022-12-01 $169,950 (-23.2%) $248,223 (-20.5%) 0.00 69
    2023-01-01 $172,450 (-23.4%) $241,589 (-22.0%) 0.00 57
    2023-02-01 $176,000 (-11.1%) $237,855 (-19.2%) 0.00 55
    2023-03-01 $182,225 (0.1%) $269,802 (2.7%) 0.00 46
    2023-04-01 $197,000 (19.4%) $284,930 (20.4%) 0.00 44
    2023-05-01 $243,750 (36.7%) $325,403 (25.9%) 0.00 47
    2023-06-01 $236,225 (22.6%) $336,955 (20.0%) 0.00 48
    2023-07-01 $232,450 (19.2%) $310,958 (15.4%) 0.00 53
    2023-08-01 $217,000 (12.7%) $274,322 (4.8%) 0.00 56
    2023-09-01 $201,000 (6.1%) $258,621 (-8.1%) 0.00 58
    2023-10-01 $212,725 (12.6%) $250,842 (-16.1%) 0.00 57
    Malvern's median listing price for 2023-10-01 was $212,725, a difference of $23,725 (12.6%) versus the prior year and $11,725 versus the prior month.

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

    Malvern's average listing price for 2023-10-01 was $250,842, a difference of $-48,159 (-16.1%) versus the prior year and $-7,779 versus the prior month.

    For the 2023-10-01 period, Malvern had 57 MLS listings, a difference of -1 listings (-2%) versus the prior month and 0 listings (0%) 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 1,688 sqft
    2018-06-01 0 days 1,771 sqft
    2018-07-01 0 days 1,770 sqft
    2018-08-01 0 days 1,746 sqft
    2018-09-01 0 days 1,769 sqft
    2018-10-01 0 days 1,743 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 1,425 sqft
    2022-06-01 0 days 1,553 sqft
    2022-07-01 0 days 1,703 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
    2022-12-01 0 days 1,778 sqft
    2023-01-01 0 days 1,825 sqft
    2023-02-01 0 days 1,873 sqft
    2023-03-01 0 days 1,912 sqft
    2023-04-01 0 days 1,949 sqft
    2023-05-01 0 days 1,970 sqft
    2023-06-01 0 days 2,059 sqft
    2023-07-01 0 days 1,985 sqft
    2023-08-01 0 days 1,708 sqft
    2023-09-01 0 days 1,691 sqft
    2023-10-01 0 days 1,696 sqft
    Malvern's median listing age (time on market) for 2023-10-01 was 0 days.

    Malvern's median square footage for active listings during the 2023-10-01 period was 1,696 sqft. One year prior, the average listing was 1,771 sqft.