Mountain Home USDA Loan Rates, Closing Costs & Stats

Mountain Home, 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.

Mountain Home's 20 lenders originated 155 USDA loans during 2021. The total origination value was $21,385,000, with an average USDA loan value of $137,968.

Mountain Home USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Mountain Home averaged 6.35% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Mountain Home's average USDA mortgage closing costs are $3,457.

The average rate for the prior week (2022-11-25) was 6.59% and one month ago for the week of 2022-10-28, the average rate was 6.86%.

The average rate one year ago was 3.16%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.47%.

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

Mountain Home 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 Mountain Home level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Plains Commerce Bank 31 2.74% $5,637
First Security Bank 8 2.77% $2,312
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 3.06% $3,811
GUILD MORTGAGE COMPANY 5 2.90% $4,880
MID AMERICA MORTGAGE, INC. 5 3.00% $2,884
Arvest Bank 4 2.97% $3,439
First Community Bank 3 2.67% $4,419
PENNYMAC LOAN SERVICES, LLC 3 2.92% $4,933
DAS Acquisition Company, LLC 3 4.42% $3,818
ACADEMY MORTGAGE CORPORATION 2 3.19% $5,062
FirstTrust Home Loans, Inc. 2 2.69% $3,881
HOME POINT FINANCIAL CORPORATION 2 3.25% $3,554
LAKEVIEW LOAN SERVICING, LLC 1 3.25% $3,091
FIRST COMMUNITY MORTGAGE, INC. 1 2.88% $2,825
Centennial Bank 1 2.75% $3,474
AMERICAN FINANCIAL NETWORK, INC. 1 2.88% $7,704
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 3.50% $6,017
Servion, Inc. 1 2.88% $2,455
The Home Loan Expert LLC 1 2.75% $3,631
U.S. Bank 1 3.50% $2,880

The top Mountain Home USDA lender as defined by loan originations is Plains Commerce Bank, with 31 USDA loans originated. Their average total fees are $5,637, which is $3,326 higher than the next largest lender, First Security Bank.

The lowest fee Mountain Home USDA lenders (with over 10 loans originated) are Plains Commerce Bank ($5,637), .

The lowest rate Mountain Home USDA lenders (with over 10 loans originated) are Plains Commerce Bank (2.74%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Mountain Home (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 $159,900 (6.7%) $234,211 (10.6%) 0.00 331
2018-02-01 $155,925 (4.0%) $232,536 (8.9%) 0.00 325
2018-03-01 $169,125 (6.1%) $239,974 (11.8%) 0.00 332
2018-04-01 $169,413 (2.4%) $233,165 (4.6%) 0.00 349
2018-05-01 $170,925 (4.3%) $237,374 (6.6%) 0.00 349
2018-06-01 $175,500 (9.8%) $248,244 (12.3%) 0.00 351
2018-07-01 $179,500 (14.7%) $255,019 (17.9%) 0.00 361
2018-08-01 $182,100 (14.2%) $258,674 (18.7%) 0.00 359
2018-09-01 $186,250 (13.0%) $261,805 (19.7%) 0.00 358
2018-10-01 $189,000 (14.6%) $262,421 (19.8%) 0.00 356
2018-11-01 $189,500 (18.0%) $267,914 (20.1%) 0.00 350
2018-12-01 $186,200 (14.3%) $263,580 (14.4%) 0.00 318
2019-01-01 $184,700 (15.5%) $260,291 (11.1%) 0.00 311
2019-02-01 $189,900 (21.8%) $264,405 (13.7%) 0.00 315
2019-03-01 $196,371 (16.1%) $269,608 (12.4%) 0.00 309
2019-04-01 $201,371 (18.9%) $275,500 (18.2%) 0.00 303
2019-05-01 $194,625 (13.9%) $276,172 (16.3%) 0.00 303
2019-06-01 $196,250 (11.8%) $280,850 (13.1%) 0.00 306
2019-07-01 $195,425 (8.9%) $290,877 (14.1%) 0.00 308
2019-08-01 $194,300 (6.7%) $291,698 (12.8%) 0.00 296
2019-09-01 $191,825 (3.0%) $286,125 (9.3%) 0.00 296
2019-10-01 $192,725 (2.0%) $285,358 (8.7%) 0.00 293
2019-11-01 $194,000 (2.4%) $279,456 (4.3%) 0.00 269
2019-12-01 $189,900 (2.0%) $281,690 (6.9%) 0.00 250
2020-01-01 $195,725 (6.0%) $289,702 (11.3%) 0.00 245
2020-02-01 $199,700 (5.2%) $294,469 (11.4%) 0.00 237
2020-03-01 $219,199 (11.6%) $304,739 (13.0%) 0.00 231
2020-04-01 $203,650 (1.1%) $300,682 (9.1%) 0.00 229
2020-05-01 $227,450 (16.9%) $316,620 (14.7%) 0.00 202
2020-06-01 $232,925 (18.7%) $320,093 (14.0%) 0.00 186
2020-07-01 $236,425 (21.0%) $334,080 (14.9%) 0.00 177
2020-08-01 $242,400 (24.8%) $331,376 (13.6%) 0.00 166
2020-09-01 $242,450 (26.4%) $341,708 (19.4%) 0.00 157
2020-10-01 $244,900 (27.1%) $343,318 (20.3%) 0.00 153
2020-11-01 $236,225 (21.8%) $348,696 (24.8%) 0.00 147
2020-12-01 $244,900 (29.0%) $354,906 (26.0%) 0.00 149
2021-01-01 $269,450 (37.7%) $387,851 (33.9%) 0.00 122
2021-02-01 $266,950 (33.7%) $387,861 (31.7%) 0.00 109
2021-03-01 $259,900 (18.6%) $381,582 (25.2%) 0.00 96
2021-04-01 $294,250 (44.5%) $424,823 (41.3%) 0.00 74
2021-05-01 $239,900 (5.5%) $357,960 (13.1%) 0.00 72
2021-06-01 $229,900 (-1.3%) $371,335 (16.0%) 0.00 78
2021-07-01 $229,900 (-2.8%) $356,789 (6.8%) 0.00 96
2021-08-01 $246,175 (1.6%) $365,606 (10.3%) 0.00 99
2021-09-01 $259,449 (7.0%) $384,488 (12.5%) 0.00 123
2021-10-01 $254,900 (4.1%) $393,090 (14.5%) 0.00 130
2021-11-01 $244,000 (3.3%) $368,409 (5.7%) 0.00 129
2021-12-01 $218,475 (-10.8%) $354,590 (-0.1%) 0.00 111
2022-01-01 $212,450 (-21.2%) $371,760 (-4.2%) 0.00 107
2022-02-01 $232,425 (-12.9%) $393,374 (1.4%) 0.00 107
2022-03-01 $249,225 (-4.1%) $428,144 (12.2%) 0.00 97
2022-04-01 $249,900 (-15.1%) $420,662 (-1.0%) 0.00 100
2022-05-01 $255,925 (6.7%) $411,260 (14.9%) 0.00 113
2022-06-01 $259,675 (13.0%) $415,997 (12.0%) 0.00 119
2022-07-01 $262,450 (14.2%) $388,351 (8.9%) 0.00 130
2022-08-01 $272,500 (10.7%) $388,351 (6.2%) 0.00 142
2022-09-01 $254,950 (-1.7%) $386,335 (0.5%) 0.00 138
2022-10-01 $250,000 (-1.9%) $372,971 (-5.1%) 0.00 151
2022-11-01 $254,975 (4.5%) $373,528 (1.4%) 0.00 158
Mountain Home's median listing price for 2022-11-01 was $254,975, a difference of $10,975 (4.5%) versus the prior year and $4,975 versus the prior month.

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

Mountain Home's average listing price for 2022-11-01 was $373,528, a difference of $5,119 (1.4%) versus the prior year and $557 versus the prior month.

For the 2022-11-01 period, Mountain Home had 158 MLS listings, a difference of 7 listings (5%) versus the prior month and 29 listings (22%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mountain Home (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,740 sqft
2018-02-01 0 days 1,740 sqft
2018-03-01 0 days 1,766 sqft
2018-04-01 0 days 1,738 sqft
2018-05-01 0 days 1,755 sqft
2018-06-01 0 days 1,800 sqft
2018-07-01 0 days 1,802 sqft
2018-08-01 0 days 1,856 sqft
2018-09-01 0 days 1,880 sqft
2018-10-01 0 days 1,864 sqft
2018-11-01 0 days 1,865 sqft
2018-12-01 0 days 1,860 sqft
2019-01-01 0 days 1,857 sqft
2019-02-01 0 days 1,871 sqft
2019-03-01 0 days 1,882 sqft
2019-04-01 0 days 1,902 sqft
2019-05-01 0 days 1,900 sqft
2019-06-01 0 days 1,900 sqft
2019-07-01 0 days 1,900 sqft
2019-08-01 0 days 1,873 sqft
2019-09-01 0 days 1,833 sqft
2019-10-01 0 days 1,835 sqft
2019-11-01 0 days 1,810 sqft
2019-12-01 0 days 1,801 sqft
2020-01-01 0 days 1,810 sqft
2020-02-01 0 days 1,900 sqft
2020-03-01 0 days 1,900 sqft
2020-04-01 0 days 1,900 sqft
2020-05-01 0 days 1,900 sqft
2020-06-01 0 days 2,005 sqft
2020-07-01 0 days 2,180 sqft
2020-08-01 0 days 2,250 sqft
2020-09-01 0 days 2,250 sqft
2020-10-01 0 days 2,250 sqft
2020-11-01 0 days 2,250 sqft
2020-12-01 0 days 2,250 sqft
2021-01-01 0 days 2,060 sqft
2021-02-01 0 days 2,060 sqft
2021-03-01 0 days 2,064 sqft
2021-04-01 0 days 2,100 sqft
2021-05-01 0 days 2,060 sqft
2021-06-01 0 days 1,948 sqft
2021-07-01 0 days 1,971 sqft
2021-08-01 0 days 1,839 sqft
2021-09-01 0 days 1,989 sqft
2021-10-01 0 days 1,855 sqft
2021-11-01 0 days 1,822 sqft
2021-12-01 0 days 1,773 sqft
2022-01-01 0 days 1,742 sqft
2022-02-01 0 days 1,937 sqft
2022-03-01 0 days 1,986 sqft
2022-04-01 0 days 1,895 sqft
2022-05-01 0 days 1,957 sqft
2022-06-01 0 days 1,810 sqft
2022-07-01 0 days 1,783 sqft
2022-08-01 0 days 1,907 sqft
2022-09-01 0 days 1,856 sqft
2022-10-01 0 days 1,848 sqft
2022-11-01 0 days 1,880 sqft
Mountain Home's median listing age (time on market) for 2022-11-01 was 0 days.

Mountain Home's median square footage for active listings during the 2022-11-01 period was 1,880 sqft. One year prior, the average listing was 1,822 sqft.