Paragould USDA Loan Rates, Closing Costs & Stats

Paragould, 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.

    Paragould's 24 lenders originated 87 USDA loans during 2023. The total origination value was $13,175,000, with an average USDA loan value of $151,437.

    Paragould USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Paragould averaged 6.84% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Paragould's average USDA mortgage closing costs are $4,286.

    The average rate for the prior week (2024-04-12) was 6.59% and one month ago for the week of 2024-03-15, the average rate was 6.78%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DAS Acquisition Company, LLC 28 7.13% $5,691
    MORTGAGE INVESTORS GROUP, INC. 8 6.31% $5,089
    Simmons Bank 6 6.44% $4,506
    Midwest Mortgage Associates Corporation 5 6.78% $2,296
    EVERETT FINANCIAL, INC. 4 6.81% $6,996
    Cornerstone First Mortgage, Inc 4 8.03% $4,314
    Centennial Bank 3 7.00% $5,102
    BROKER SOLUTIONS, INC. 3 7.38% $5,396
    Century Mortgage Company DBA Century Lending Company 2 7.13% $4,801
    Nations Lending Corporation 2 6.94% $2,797
    Citizens Bank 2 6.06% $3,950
    STOCKTON MORTGAGE CORPORATION 2 7.00% $4,059
    First Community Bank 2 5.75% $5,710
    First Financial Bank 2 6.13% $7,183
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.56% $3,444
    WILLOW BEND MORTGAGE COMPANY, LLC 1 6.25% $5,219
    FirstTrust Home Loans, Inc. 1 7.63% $3,592
    Flanagan State Bank 1 6.13% $10,898
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.75% $5,420
    LIBERTY HOME MORTGAGE CORPORATION 1 7.63% $2,670
    Paramount Residential Mortgage Group, Inc. 1 7.00% $7,940
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $3,436
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $7,658
    ACADEMY MORTGAGE CORPORATION 1 7.00% $8,916

    The top Paragould USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 28 USDA loans originated. Their average total fees are $5,691, which is $602 higher than the next largest lender, MORTGAGE INVESTORS GROUP, INC..

    The lowest fee Paragould USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($5,691), .

    The lowest rate Paragould USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC (7.13%), .

    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 $146,200 (1.2%) $162,123 (-11.4%) 0.00 150
    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 $162,975 (26.0%) $188,150 (23.2%) 0.00 142
    2018-12-01 $149,900 (15.8%) $166,003 (7.0%) 0.00 149
    2019-01-01 $151,050 (14.3%) $164,061 (4.4%) 0.00 152
    2019-02-01 $154,400 (8.0%) $166,286 (5.7%) 0.00 157
    2019-03-01 $152,707 (-1.4%) $162,069 (-4.3%) 0.00 152
    2019-04-01 $147,232 (-5.4%) $156,783 (-6.0%) 0.00 144
    2019-05-01 $158,450 (8.4%) $174,931 (7.9%) 0.00 147
    2019-06-01 $162,700 (13.2%) $186,286 (10.5%) 0.00 149
    2019-07-01 $155,200 (-0.3%) $179,841 (4.5%) 0.00 169
    2019-08-01 $151,155 (-5.2%) $175,671 (-5.7%) 0.00 176
    2019-09-01 $147,636 (-7.7%) $171,210 (-12.7%) 0.00 176
    2019-10-01 $147,591 (-8.4%) $169,694 (-14.2%) 0.00 176
    2019-11-01 $157,900 (-3.1%) $181,497 (-3.5%) 0.00 161
    2019-12-01 $155,200 (3.5%) $181,229 (9.2%) 0.00 145
    2020-01-01 $157,725 (4.4%) $182,518 (11.3%) 0.00 134
    2020-02-01 $170,950 (10.7%) $182,553 (9.8%) 0.00 135
    2020-03-01 $175,225 (14.8%) $187,060 (15.4%) 0.00 138
    2020-04-01 $181,150 (23.0%) $193,652 (23.5%) 0.00 127
    2020-05-01 $174,950 (10.4%) $187,656 (7.3%) 0.00 128
    2020-06-01 $154,900 (-4.8%) $177,722 (-4.6%) 0.00 94
    2020-07-01 $164,900 (6.3%) $183,003 (1.8%) 0.00 95
    2020-08-01 $169,900 (12.4%) $195,907 (11.5%) 0.00 76
    2020-09-01 $176,200 (19.4%) $218,137 (27.4%) 0.00 77
    2020-10-01 $140,000 (-5.1%) $183,491 (8.1%) 0.00 95
    2020-11-01 $151,150 (-4.3%) $191,215 (5.4%) 0.00 96
    2020-12-01 $159,900 (3.0%) $194,573 (7.4%) 0.00 95
    2021-01-01 $157,900 (0.1%) $183,784 (0.7%) 0.00 105
    2021-02-01 $129,900 (-24.0%) $171,282 (-6.2%) 0.00 104
    2021-03-01 $109,750 (-37.4%) $180,994 (-3.2%) 0.00 101
    2021-04-01 $128,720 (-28.9%) $188,548 (-2.6%) 0.00 98
    2021-05-01 $121,950 (-30.3%) $178,669 (-4.8%) 0.00 89
    2021-06-01 $134,300 (-13.3%) $178,253 (0.3%) 0.00 95
    2021-07-01 $120,450 (-27.0%) $159,400 (-12.9%) 0.00 100
    2021-08-01 $126,800 (-25.4%) $163,909 (-16.3%) 0.00 100
    2021-09-01 $119,425 (-32.2%) $174,672 (-19.9%) 0.00 99
    2021-10-01 $124,900 (-10.8%) $182,432 (-0.6%) 0.00 94
    2021-11-01 $139,000 (-8.0%) $189,265 (-1.0%) 0.00 80
    2021-12-01 $138,000 (-13.7%) $192,006 (-1.3%) 0.00 83
    2022-01-01 $187,400 (18.7%) $223,359 (21.5%) 0.00 73
    2022-02-01 $204,900 (57.7%) $251,608 (46.9%) 0.00 62
    2022-03-01 $195,000 (77.7%) $229,768 (27.0%) 0.00 63
    2022-04-01 $204,900 (59.2%) $239,596 (27.1%) 0.00 53
    2022-05-01 $199,675 (63.7%) $241,352 (35.1%) 0.00 74
    2022-06-01 $199,900 (48.9%) $212,792 (19.4%) 0.00 82
    2022-07-01 $194,950 (61.9%) $215,330 (35.1%) 0.00 98
    2022-08-01 $192,675 (52.0%) $214,905 (31.1%) 0.00 104
    2022-09-01 $185,975 (55.7%) $214,448 (22.8%) 0.00 105
    2022-10-01 $189,000 (51.3%) $219,618 (20.4%) 0.00 109
    2022-11-01 $199,925 (43.8%) $238,045 (25.8%) 0.00 102
    2022-12-01 $197,000 (42.8%) $235,623 (22.7%) 0.00 95
    2023-01-01 $182,400 (-2.7%) $226,200 (1.3%) 0.00 84
    2023-02-01 $199,575 (-2.6%) $231,234 (-8.1%) 0.00 89
    2023-03-01 $231,200 (18.6%) $247,991 (7.9%) 0.00 90
    2023-04-01 $243,450 (18.8%) $268,445 (12.0%) 0.00 93
    2023-05-01 $243,725 (22.1%) $269,853 (11.8%) 0.00 82
    2023-06-01 $238,475 (19.3%) $259,052 (21.7%) 0.00 96
    2023-07-01 $240,950 (23.6%) $251,434 (16.8%) 0.00 101
    2023-08-01 $245,950 (27.7%) $265,156 (23.4%) 0.00 105
    2023-09-01 $237,900 (27.9%) $250,453 (16.8%) 0.00 99
    2023-10-01 $219,725 (16.3%) $234,696 (6.9%) 0.00 103
    2023-11-01 $209,900 (5.0%) $228,555 (-4.0%) 0.00 112
    2023-12-01 $204,900 (4.0%) $224,433 (-4.8%) 0.00 112
    2024-01-01 $199,250 (9.2%) $220,432 (-2.6%) 0.00 116
    2024-02-01 $199,900 (0.2%) $221,276 (-4.3%) 0.00 112
    2024-03-01 $199,900 (-13.5%) $225,177 (-9.2%) 0.00 115
    Paragould's median listing price for 2024-03-01 was $199,900, a difference of $-31,300 (-13.5%) versus the prior year and $0 versus the prior month.

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

    Paragould's average listing price for 2024-03-01 was $225,177, a difference of $-22,814 (-9.2%) versus the prior year and $3,901 versus the prior month.

    For the 2024-03-01 period, Paragould had 115 MLS listings, a difference of 3 listings (3%) versus the prior month and 25 listings (28%) 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 1,576 sqft
    2019-04-01 0 days 1,550 sqft
    2019-05-01 0 days 1,665 sqft
    2019-06-01 0 days 1,732 sqft
    2019-07-01 0 days 1,675 sqft
    2019-08-01 0 days 1,674 sqft
    2019-09-01 0 days 1,659 sqft
    2019-10-01 0 days 1,664 sqft
    2019-11-01 0 days 1,775 sqft
    2019-12-01 0 days 1,906 sqft
    2020-01-01 0 days 1,855 sqft
    2020-02-01 0 days 1,800 sqft
    2020-03-01 0 days 1,800 sqft
    2020-04-01 0 days 1,839 sqft
    2020-05-01 0 days 1,760 sqft
    2020-06-01 0 days 1,647 sqft
    2020-07-01 0 days 1,700 sqft
    2020-08-01 0 days 1,708 sqft
    2020-09-01 0 days 1,693 sqft
    2020-10-01 0 days 1,590 sqft
    2020-11-01 0 days 1,593 sqft
    2020-12-01 0 days 1,585 sqft
    2021-01-01 0 days 1,584 sqft
    2021-02-01 0 days 1,462 sqft
    2021-03-01 0 days 1,450 sqft
    2021-04-01 0 days 1,472 sqft
    2021-05-01 0 days 1,400 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 1,458 sqft
    2022-01-01 0 days 1,695 sqft
    2022-02-01 0 days 1,760 sqft
    2022-03-01 0 days 1,710 sqft
    2022-04-01 0 days 1,708 sqft
    2022-05-01 0 days 1,702 sqft
    2022-06-01 0 days 1,670 sqft
    2022-07-01 0 days 1,687 sqft
    2022-08-01 0 days 1,656 sqft
    2022-09-01 0 days 1,654 sqft
    2022-10-01 0 days 1,634 sqft
    2022-11-01 0 days 1,689 sqft
    2022-12-01 0 days 1,703 sqft
    2023-01-01 0 days 1,673 sqft
    2023-02-01 0 days 1,774 sqft
    2023-03-01 0 days 1,846 sqft
    2023-04-01 0 days 1,931 sqft
    2023-05-01 0 days 1,841 sqft
    2023-06-01 0 days 1,869 sqft
    2023-07-01 0 days 1,808 sqft
    2023-08-01 0 days 1,861 sqft
    2023-09-01 0 days 1,789 sqft
    2023-10-01 0 days 1,739 sqft
    2023-11-01 0 days 1,680 sqft
    2023-12-01 0 days 1,680 sqft
    2024-01-01 0 days 1,651 sqft
    2024-02-01 0 days 1,660 sqft
    2024-03-01 0 days 1,728 sqft
    Paragould's median listing age (time on market) for 2024-03-01 was 0 days.

    Paragould's median square footage for active listings during the 2024-03-01 period was 1,728 sqft. One year prior, the average listing was 1,846 sqft.