Paragould USDA Loan Rates, Closing Costs & Stats

Paragould, 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.

Paragould's 27 lenders originated 169 USDA loans during 2021. The total origination value was $24,465,000, with an average USDA loan value of $144,763.

Paragould USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Paragould averaged 6.47% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Paragould's average USDA mortgage closing costs are $3,937.

The average rate for the prior week (2022-11-25) was 6.61% and one month ago for the week of 2022-10-28, the average rate was 6.88%.

The average rate one year ago was 3.67%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.08%.

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

Paragould 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 Paragould level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
DAS Acquisition Company, LLC 71 3.53% $4,629
MORTGAGE INVESTORS GROUP, INC. 20 3.03% $4,602
CMG MORTGAGE, INC. 10 3.04% $4,323
CALIBER HOME LOANS, INC. 7 2.79% $5,049
Eagle Bank and Trust Company 6 2.71% $3,749
Arvest Bank 6 2.96% $4,031
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 2.93% $3,870
EVERETT FINANCIAL, INC. 5 3.45% $3,129
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.13% $4,793
Centennial Bank 4 2.81% $3,925
Simmons Bank 3 2.92% $3,533
First Community Bank 3 2.58% $4,618
Citizens Bank 2 3.13% $4,033
Southern Bank 2 3.06% $3,375
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.13% $3,948
First Financial Bank 2 3.00% $4,716
First Horizon Bank 2 2.69% $4,949
BancorpSouth Bank 2 2.81% $3,474
PENNYMAC LOAN SERVICES, LLC 2 3.19% $4,846
UNITED WHOLESALE MORTGAGE, LLC 1 2.50% $5,590
ENCORE BANK 1 2.63% $5,064
First Security Bank 1 2.75% $3,675
FLAT BRANCH MORTGAGE, INC. 1 3.63% $3,776
Gateway First Bank 1 2.38% $3,900
Regions Bank 1 3.25% $1,608
TOP FLITE FINANCIAL, INC. 1 2.38% $4,809
ACADEMY MORTGAGE CORPORATION 1 3.25% $8,802

The top Paragould USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 71 USDA loans originated. Their average total fees are $4,629, which is $27 higher than the next largest lender, MORTGAGE INVESTORS GROUP, INC..

The lowest fee Paragould USDA lenders (with over 10 loans originated) are CMG MORTGAGE, INC. ($4,323), MORTGAGE INVESTORS GROUP, INC. ($4,602), DAS Acquisition Company, LLC ($4,629), .

The lowest rate Paragould USDA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. (3.03%), CMG MORTGAGE, INC. (3.04%), DAS Acquisition Company, LLC (3.53%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Paragould (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 $132,150 (-7.3%) $157,146 (-9.1%) 0.00 158
2018-02-01 $142,950 (4.0%) $157,252 (-8.3%) 0.00 150
2018-03-01 $154,900 (9.7%) $169,295 (-3.9%) 0.00 141
2018-04-01 $155,650 (9.4%) $166,798 (-8.7%) 0.00 135
2018-05-01 $146,800 (1.6%) $162,123 (-11.4%) 0.00 151
2018-06-01 $143,700 (2.7%) $168,519 (-3.5%) 0.00 162
2018-07-01 $155,650 (11.3%) $172,074 (-0.6%) 0.00 170
2018-08-01 $159,450 (17.3%) $186,364 (13.5%) 0.00 150
2018-09-01 $159,900 (23.6%) $196,079 (28.9%) 0.00 143
2018-10-01 $161,150 (24.5%) $197,683 (30.0%) 0.00 138
2018-11-01 $163,200 (26.1%) $188,926 (23.7%) 0.00 141
2018-12-01 $149,900 (15.8%) $166,597 (7.4%) 0.00 148
2019-01-01 $152,400 (15.3%) $164,633 (4.8%) 0.00 151
2019-02-01 $154,400 (8.0%) $166,189 (5.7%) 0.00 157
2019-03-01 $152,943 (-1.3%) $162,036 (-4.3%) 0.00 152
2019-04-01 $147,468 (-5.3%) $156,760 (-6.0%) 0.00 144
2019-05-01 $159,175 (8.4%) $174,744 (7.8%) 0.00 148
2019-06-01 $162,500 (13.1%) $186,005 (10.4%) 0.00 150
2019-07-01 $155,950 (0.2%) $179,731 (4.5%) 0.00 170
2019-08-01 $152,245 (-4.5%) $175,585 (-5.8%) 0.00 177
2019-09-01 $148,114 (-7.4%) $171,148 (-12.7%) 0.00 177
2019-10-01 $147,759 (-8.3%) $169,640 (-14.2%) 0.00 177
2019-11-01 $158,450 (-2.9%) $181,366 (-4.0%) 0.00 162
2019-12-01 $155,850 (4.0%) $181,083 (8.7%) 0.00 146
2020-01-01 $158,950 (4.3%) $182,363 (10.8%) 0.00 135
2020-02-01 $169,900 (10.0%) $182,393 (9.8%) 0.00 136
2020-03-01 $174,950 (14.4%) $186,879 (15.3%) 0.00 139
2020-04-01 $179,900 (22.0%) $193,404 (23.4%) 0.00 128
2020-05-01 $174,900 (9.9%) $187,450 (7.3%) 0.00 129
2020-06-01 $154,900 (-4.7%) $177,552 (-4.5%) 0.00 95
2020-07-01 $164,300 (5.4%) $182,769 (1.7%) 0.00 96
2020-08-01 $168,950 (11.0%) $195,498 (11.3%) 0.00 77
2020-09-01 $174,950 (18.1%) $217,447 (27.1%) 0.00 78
2020-10-01 $147,500 (-0.2%) $183,266 (8.0%) 0.00 96
2020-11-01 $153,650 (-3.0%) $190,910 (5.3%) 0.00 97
2020-12-01 $159,900 (2.6%) $194,224 (7.3%) 0.00 96
2021-01-01 $157,900 (-0.7%) $183,571 (0.7%) 0.00 106
2021-02-01 $131,150 (-22.8%) $171,182 (-6.2%) 0.00 105
2021-03-01 $112,650 (-35.6%) $180,793 (-3.3%) 0.00 102
2021-04-01 $133,770 (-25.6%) $188,302 (-2.6%) 0.00 99
2021-05-01 $124,000 (-29.1%) $178,485 (-4.8%) 0.00 90
2021-06-01 $135,550 (-12.5%) $178,480 (0.5%) 0.00 96
2021-07-01 $121,000 (-26.4%) $159,405 (-12.8%) 0.00 101
2021-08-01 $127,800 (-24.4%) $163,870 (-16.2%) 0.00 101
2021-09-01 $124,325 (-28.9%) $174,524 (-19.7%) 0.00 100
2021-10-01 $124,900 (-15.3%) $182,211 (-0.6%) 0.00 95
2021-11-01 $143,725 (-6.5%) $188,895 (-1.1%) 0.00 81
2021-12-01 $140,475 (-12.2%) $191,639 (-1.3%) 0.00 84
2022-01-01 $184,900 (17.1%) $222,534 (21.2%) 0.00 74
2022-02-01 $202,400 (54.3%) $250,170 (46.1%) 0.00 63
2022-03-01 $195,000 (73.1%) $228,709 (26.5%) 0.00 64
2022-04-01 $199,900 (49.4%) $238,063 (26.4%) 0.00 54
2022-05-01 $199,200 (60.7%) $238,784 (33.8%) 0.00 76
2022-06-01 $199,900 (47.5%) $210,294 (17.8%) 0.00 84
2022-07-01 $194,900 (61.1%) $212,385 (33.2%) 0.00 99
2022-08-01 $189,750 (48.5%) $211,307 (29.0%) 0.00 105
2022-09-01 $182,400 (46.7%) $211,909 (21.4%) 0.00 105
2022-10-01 $185,900 (48.8%) $218,938 (20.2%) 0.00 109
2022-11-01 $199,900 (39.1%) $237,296 (25.6%) 0.00 103
Paragould's median listing price for 2022-11-01 was $199,900, a difference of $56,175 (39.1%) versus the prior year and $14,000 versus the prior month.

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

Paragould's average listing price for 2022-11-01 was $237,296, a difference of $48,401 (25.6%) versus the prior year and $18,358 versus the prior month.

For the 2022-11-01 period, Paragould had 103 MLS listings, a difference of -6 listings (-6%) versus the prior month and 22 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Paragould (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,542 sqft
2018-02-01 0 days 1,539 sqft
2018-03-01 0 days 1,550 sqft
2018-04-01 0 days 1,639 sqft
2018-05-01 0 days 1,642 sqft
2018-06-01 0 days 1,587 sqft
2018-07-01 0 days 1,667 sqft
2018-08-01 0 days 1,714 sqft
2018-09-01 0 days 1,854 sqft
2018-10-01 0 days 1,857 sqft
2018-11-01 0 days 1,876 sqft
2018-12-01 0 days 1,675 sqft
2019-01-01 0 days 1,665 sqft
2019-02-01 0 days 1,600 sqft
2019-03-01 0 days 1,568 sqft
2019-04-01 0 days 1,535 sqft
2019-05-01 0 days 1,642 sqft
2019-06-01 0 days 1,730 sqft
2019-07-01 0 days 1,675 sqft
2019-08-01 0 days 1,673 sqft
2019-09-01 0 days 1,658 sqft
2019-10-01 0 days 1,661 sqft
2019-11-01 0 days 1,772 sqft
2019-12-01 0 days 1,902 sqft
2020-01-01 0 days 1,834 sqft
2020-02-01 0 days 1,800 sqft
2020-03-01 0 days 1,800 sqft
2020-04-01 0 days 1,825 sqft
2020-05-01 0 days 1,752 sqft
2020-06-01 0 days 1,642 sqft
2020-07-01 0 days 1,696 sqft
2020-08-01 0 days 1,700 sqft
2020-09-01 0 days 1,682 sqft
2020-10-01 0 days 1,590 sqft
2020-11-01 0 days 1,590 sqft
2020-12-01 0 days 1,574 sqft
2021-01-01 0 days 1,576 sqft
2021-02-01 0 days 1,463 sqft
2021-03-01 0 days 1,456 sqft
2021-04-01 0 days 1,481 sqft
2021-05-01 0 days 1,405 sqft
2021-06-01 0 days 1,402 sqft
2021-07-01 0 days 1,383 sqft
2021-08-01 0 days 1,383 sqft
2021-09-01 0 days 1,376 sqft
2021-10-01 0 days 1,303 sqft
2021-11-01 0 days 1,383 sqft
2021-12-01 0 days 1,463 sqft
2022-01-01 0 days 1,683 sqft
2022-02-01 0 days 1,755 sqft
2022-03-01 0 days 1,707 sqft
2022-04-01 0 days 1,706 sqft
2022-05-01 0 days 1,680 sqft
2022-06-01 0 days 1,650 sqft
2022-07-01 0 days 1,658 sqft
2022-08-01 0 days 1,654 sqft
2022-09-01 0 days 1,637 sqft
2022-10-01 0 days 1,610 sqft
2022-11-01 0 days 1,688 sqft
Paragould's median listing age (time on market) for 2022-11-01 was 0 days.

Paragould's median square footage for active listings during the 2022-11-01 period was 1,688 sqft. One year prior, the average listing was 1,383 sqft.