Malvern USDA Loan Rates, Closing Costs & Stats

Malvern, 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.

    Malvern's 10 lenders originated 27 USDA loans during 2023. The total origination value was $4,115,000, with an average USDA loan value of $152,407.

    Malvern USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Malvern averaged 6.26% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Malvern's average USDA mortgage closing costs are $3,432.

    The average rate for the prior week (2024-12-06) was 6.5% and one month ago for the week of 2024-11-08, the average rate was 6.31%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GMFS LLC 7 5.93% $4,659
    EVERETT FINANCIAL, INC. 5 6.63% $5,713
    SWBC MORTGAGE CORPORATION 4 6.81% $1,688
    FirstTrust Home Loans, Inc. 2 6.75% $3,789
    United Fidelity Funding Corp. 1 6.88% $4,856
    CORNERSTONE HOME LENDING, INC. 1 6.62% $9,257
    UNITED WHOLESALE MORTGAGE, LLC 1 6.75% $4,730
    MORTGAGE INVESTORS GROUP, INC. 1 5.50% $6,221
    PILGRIM MORTGAGE LLC 1 5.49% $5,243
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.50% $3,411

    The top Malvern USDA lender as defined by loan originations is GMFS LLC, with 7 USDA loans originated. Their average total fees are $4,659, which is $1,054 lower than the next largest lender, EVERETT FINANCIAL, INC..

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

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

    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%) $160,553 (9.9%) 0.00 127
    2018-02-01 $128,475 (17.7%) $167,116 (13.6%) 0.00 130
    2018-03-01 $129,900 (25.2%) $165,507 (14.1%) 0.00 110
    2018-04-01 $135,900 (27.1%) $183,667 (23.5%) 0.00 111
    2018-05-01 $131,200 (14.4%) $183,052 (23.8%) 0.00 113
    2018-06-01 $129,900 (7.2%) $180,262 (18.3%) 0.00 122
    2018-07-01 $136,625 (5.1%) $178,075 (14.8%) 0.00 119
    2018-08-01 $149,250 (8.6%) $167,750 (5.0%) 0.00 113
    2018-09-01 $149,950 (7.5%) $169,621 (5.5%) 0.00 111
    2018-10-01 $144,950 (4.1%) $167,376 (-0.3%) 0.00 118
    2018-11-01 $129,225 (-6.3%) $148,947 (-9.9%) 0.00 116
    2018-12-01 $129,175 (-0.6%) $146,703 (-7.9%) 0.00 105
    2019-01-01 $130,825 (2.4%) $145,009 (-9.7%) 0.00 100
    2019-02-01 $140,219 (9.1%) $156,350 (-6.4%) 0.00 91
    2019-03-01 $120,264 (-7.4%) $149,500 (-9.7%) 0.00 92
    2019-04-01 $113,739 (-16.3%) $145,856 (-20.6%) 0.00 91
    2019-05-01 $140,200 (6.9%) $163,050 (-10.9%) 0.00 86
    2019-06-01 $155,500 (19.7%) $171,977 (-4.6%) 0.00 88
    2019-07-01 $150,750 (10.3%) $175,427 (-1.5%) 0.00 82
    2019-08-01 $152,916 (2.5%) $173,821 (3.6%) 0.00 83
    2019-09-01 $154,665 (3.1%) $173,576 (2.3%) 0.00 87
    2019-10-01 $155,268 (7.1%) $173,413 (3.6%) 0.00 88
    2019-11-01 $159,000 (23.0%) $186,126 (25.0%) 0.00 83
    2019-12-01 $157,225 (21.7%) $192,481 (31.2%) 0.00 89
    2020-01-01 $159,700 (22.1%) $198,634 (37.0%) 0.00 91
    2020-02-01 $160,000 (14.1%) $209,419 (33.9%) 0.00 93
    2020-03-01 $192,000 (59.7%) $220,828 (47.7%) 0.00 88
    2020-04-01 $198,750 (74.7%) $232,593 (59.5%) 0.00 80
    2020-05-01 $192,450 (37.3%) $235,962 (44.7%) 0.00 71
    2020-06-01 $190,725 (22.7%) $252,992 (47.1%) 0.00 62
    2020-07-01 $193,625 (28.4%) $250,896 (43.0%) 0.00 64
    2020-08-01 $199,000 (30.1%) $271,253 (56.1%) 0.00 60
    2020-09-01 $164,725 (6.5%) $261,606 (50.7%) 0.00 59
    2020-10-01 $175,000 (12.7%) $256,881 (48.1%) 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 $157,500 (-1.4%) $248,328 (25.0%) 0.00 55
    2021-02-01 $136,750 (-14.5%) $257,076 (22.8%) 0.00 46
    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 (42.9%) $309,531 (24.7%) 0.00 37
    2022-02-01 $198,000 (44.8%) $294,419 (14.5%) 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 $190,250 (8.2%) $284,905 (-6.8%) 0.00 48
    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
    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 (37.5%) $325,403 (25.7%) 0.00 47
    2023-06-01 $236,225 (24.2%) $336,955 (18.3%) 0.00 48
    2023-07-01 $232,450 (21.1%) $310,958 (16.4%) 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
    2023-11-01 $198,000 (14.2%) $236,631 (-7.5%) 0.00 61
    2023-12-01 $199,000 (17.1%) $248,743 (0.2%) 0.00 54
    2024-01-01 $219,725 (27.4%) $258,559 (7.0%) 0.00 55
    2024-02-01 $207,450 (17.9%) $248,633 (4.5%) 0.00 60
    2024-03-01 $210,000 (15.2%) $245,308 (-9.1%) 0.00 60
    2024-04-01 $198,750 (0.9%) $235,804 (-17.2%) 0.00 61
    2024-05-01 $201,225 (-17.5%) $231,767 (-28.8%) 0.00 63
    2024-06-01 $229,250 (-3.0%) $310,973 (-7.7%) 0.00 64
    2024-07-01 $234,975 (1.1%) $334,809 (7.7%) 0.00 77
    2024-08-01 $239,500 (10.4%) $329,672 (20.2%) 0.00 84
    2024-09-01 $230,000 (14.4%) $314,616 (21.7%) 0.00 99
    2024-10-01 $250,750 (17.9%) $334,533 (33.4%) 0.00 94
    2024-11-01 $234,500 (18.4%) $317,037 (34.0%) 0.00 98
    Malvern's median listing price for 2024-11-01 was $234,500, a difference of $36,500 (18.4%) versus the prior year and $-16,250 versus the prior month.

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

    Malvern's average listing price for 2024-11-01 was $317,037, a difference of $80,406 (34.0%) versus the prior year and $-17,496 versus the prior month.

    For the 2024-11-01 period, Malvern had 98 MLS listings, a difference of 4 listings (4%) versus the prior month and 37 listings (61%) 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 1,566 sqft
    2018-03-01 0 days 1,570 sqft
    2018-04-01 0 days 1,689 sqft
    2018-05-01 0 days 1,683 sqft
    2018-06-01 0 days 1,771 sqft
    2018-07-01 0 days 1,775 sqft
    2018-08-01 0 days 1,760 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 1,605 sqft
    2019-04-01 0 days 1,586 sqft
    2019-05-01 0 days 1,678 sqft
    2019-06-01 0 days 1,681 sqft
    2019-07-01 0 days 1,710 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 1,912 sqft
    2021-02-01 0 days 1,760 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 1,901 sqft
    2022-03-01 0 days 1,798 sqft
    2022-04-01 0 days 1,545 sqft
    2022-05-01 0 days 1,493 sqft
    2022-06-01 0 days 1,575 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
    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
    2023-11-01 0 days 1,694 sqft
    2023-12-01 0 days 1,700 sqft
    2024-01-01 0 days 1,704 sqft
    2024-02-01 0 days 1,712 sqft
    2024-03-01 0 days 1,729 sqft
    2024-04-01 0 days 1,730 sqft
    2024-05-01 0 days 1,719 sqft
    2024-06-01 0 days 1,756 sqft
    2024-07-01 0 days 1,795 sqft
    2024-08-01 0 days 1,860 sqft
    2024-09-01 0 days 1,845 sqft
    2024-10-01 0 days 1,880 sqft
    2024-11-01 0 days 1,825 sqft
    Malvern's median listing age (time on market) for 2024-11-01 was 0 days.

    Malvern's median square footage for active listings during the 2024-11-01 period was 1,825 sqft. One year prior, the average listing was 1,694 sqft.