Mountain Home USDA Loan Rates, Closing Costs & Stats

Mountain Home, 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.

    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.