Pine Bluff USDA Loan Rates, Closing Costs & Stats

PINE BLUFF, 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.

Pine Bluff's 21 lenders originated 83 USDA loans during 2021. The total origination value was $12,045,000, with an average USDA loan value of $145,120.

Pine Bluff USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Pine Bluff averaged 6.34% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Pine Bluff's average USDA mortgage closing costs are $4,398.

The average rate for the prior week (2022-11-25) was 6.57% and one month ago for the week of 2022-10-28, the average rate was 7.05%.

The average rate one year ago was 3.34%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.44%.

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

Pine Bluff 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 Pine Bluff level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
MORTGAGE FINANCIAL SERVICES, LLC 30 3.05% $5,077
FirstTrust Home Loans, Inc. 12 3.26% $4,083
United Fidelity Funding Corp. 6 2.71% $3,334
Simmons Bank 5 3.08% $4,530
PILGRIM MORTGAGE LLC 4 3.38% $5,150
ACADEMY MORTGAGE CORPORATION 3 3.33% $9,247
EVERETT FINANCIAL, INC. 3 3.67% $2,433
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.00% $5,031
Citizens Bank 2 2.75% $4,748
CALIBER HOME LOANS, INC. 2 2.75% $3,944
Eagle Bank and Trust Company 2 2.75% $4,699
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.88% $5,449
PENNYMAC LOAN SERVICES, LLC 1 3.00% $4,669
Bank of England 1 2.88% $6,882
Reliant Bank 1 2.75% $5,164
BancorpSouth Bank 1 3.00% $4,429
First Option Mortgage, LLC 1 2.88% $5,733
The Home Loan Expert LLC 1 2.63% $3,924
FLAT BRANCH MORTGAGE, INC. 1 3.63% $4,558
GUARANTEED RATE, INC. 1 2.88% $4,491
Arvest Bank 1 2.75% $4,757

The top Pine Bluff USDA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 30 USDA loans originated. Their average total fees are $5,077, which is $994 higher than the next largest lender, FirstTrust Home Loans, Inc..

The lowest fee Pine Bluff USDA lenders (with over 10 loans originated) are FirstTrust Home Loans, Inc. ($4,083), MORTGAGE FINANCIAL SERVICES, LLC ($5,077), .

The lowest rate Pine Bluff USDA lenders (with over 10 loans originated) are MORTGAGE FINANCIAL SERVICES, LLC (3.05%), FirstTrust Home Loans, Inc. (3.26%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Pine Bluff (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 $95,250 (5.3%) $112,958 (-6.4%) 0.00 201
2018-02-01 $95,000 (-2.5%) $112,624 (-8.2%) 0.00 198
2018-03-01 $84,959 (-15.0%) $103,314 (-17.7%) 0.00 192
2018-04-01 $88,600 (-8.7%) $112,743 (-9.1%) 0.00 196
2018-05-01 $95,000 (-0.1%) $116,755 (-3.3%) 0.00 204
2018-06-01 $99,700 (4.8%) $117,496 (-4.4%) 0.00 209
2018-07-01 $99,800 (0.7%) $118,049 (-4.2%) 0.00 205
2018-08-01 $99,600 (7.7%) $116,754 (-0.1%) 0.00 218
2018-09-01 $99,900 (5.2%) $120,419 (3.1%) 0.00 218
2018-10-01 $97,950 (3.6%) $118,503 (4.4%) 0.00 218
2018-11-01 $89,800 (-0.1%) $112,312 (2.0%) 0.00 231
2018-12-01 $90,000 (-2.2%) $112,533 (1.5%) 0.00 217
2019-01-01 $88,900 (-6.7%) $107,169 (-5.1%) 0.00 214
2019-02-01 $88,500 (-6.8%) $107,807 (-4.3%) 0.00 207
2019-03-01 $88,186 (3.8%) $110,430 (6.9%) 0.00 212
2019-04-01 $92,500 (4.4%) $114,926 (1.9%) 0.00 217
2019-05-01 $93,075 (-2.0%) $112,496 (-3.7%) 0.00 207
2019-06-01 $85,000 (-14.7%) $115,222 (-1.9%) 0.00 204
2019-07-01 $85,575 (-14.3%) $116,494 (-1.3%) 0.00 200
2019-08-01 $82,336 (-17.3%) $115,149 (-1.4%) 0.00 211
2019-09-01 $78,491 (-21.4%) $113,881 (-5.4%) 0.00 232
2019-10-01 $75,927 (-22.5%) $112,518 (-5.1%) 0.00 248
2019-11-01 $74,900 (-16.6%) $105,553 (-6.0%) 0.00 250
2019-12-01 $70,000 (-22.2%) $101,588 (-9.7%) 0.00 239
2020-01-01 $69,900 (-21.4%) $102,113 (-4.7%) 0.00 223
2020-02-01 $74,900 (-15.4%) $106,028 (-1.7%) 0.00 214
2020-03-01 $79,500 (-9.9%) $108,243 (-2.0%) 0.00 209
2020-04-01 $75,875 (-18.0%) $105,783 (-8.0%) 0.00 204
2020-05-01 $74,950 (-19.5%) $103,249 (-8.2%) 0.00 182
2020-06-01 $71,163 (-16.3%) $101,807 (-11.6%) 0.00 159
2020-07-01 $75,000 (-12.4%) $114,423 (-1.8%) 0.00 144
2020-08-01 $74,700 (-9.3%) $116,163 (0.9%) 0.00 129
2020-09-01 $85,475 (8.9%) $127,223 (11.7%) 0.00 127
2020-10-01 $96,500 (27.1%) $123,176 (9.5%) 0.00 132
2020-11-01 $102,400 (36.7%) $127,453 (20.8%) 0.00 130
2020-12-01 $104,950 (49.9%) $129,450 (27.4%) 0.00 130
2021-01-01 $98,000 (40.2%) $129,679 (27.0%) 0.00 100
2021-02-01 $86,000 (14.8%) $116,167 (9.6%) 0.00 90
2021-03-01 $100,450 (26.4%) $117,785 (8.8%) 0.00 89
2021-04-01 $97,900 (29.0%) $117,846 (11.4%) 0.00 86
2021-05-01 $90,000 (20.1%) $114,225 (10.6%) 0.00 82
2021-06-01 $91,500 (28.6%) $117,874 (15.8%) 0.00 83
2021-07-01 $102,450 (36.6%) $134,121 (17.2%) 0.00 98
2021-08-01 $106,438 (42.5%) $137,895 (18.7%) 0.00 113
2021-09-01 $112,500 (31.6%) $143,975 (13.2%) 0.00 124
2021-10-01 $114,900 (19.1%) $143,609 (16.6%) 0.00 133
2021-11-01 $113,750 (11.1%) $142,277 (11.6%) 0.00 132
2021-12-01 $118,250 (12.7%) $143,384 (10.8%) 0.00 126
2022-01-01 $117,500 (19.9%) $150,376 (16.0%) 0.00 106
2022-02-01 $105,750 (23.0%) $141,585 (21.9%) 0.00 96
2022-03-01 $122,450 (21.9%) $150,114 (27.5%) 0.00 92
2022-04-01 $137,000 (39.9%) $161,578 (37.1%) 0.00 98
2022-05-01 $145,664 (61.9%) $160,146 (40.2%) 0.00 100
2022-06-01 $126,250 (38.0%) $159,937 (35.7%) 0.00 106
2022-07-01 $127,450 (24.4%) $160,909 (20.0%) 0.00 115
2022-08-01 $124,675 (17.1%) $156,043 (13.2%) 0.00 116
2022-09-01 $135,250 (20.2%) $161,460 (12.1%) 0.00 130
2022-10-01 $149,950 (30.5%) $173,318 (20.7%) 0.00 129
2022-11-01 $145,000 (27.5%) $164,302 (15.5%) 0.00 139
Pine Bluff's median listing price for 2022-11-01 was $145,000, a difference of $31,250 (27.5%) versus the prior year and $-4,950 versus the prior month.

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

Pine Bluff's average listing price for 2022-11-01 was $164,302, a difference of $22,025 (15.5%) versus the prior year and $-9,016 versus the prior month.

For the 2022-11-01 period, Pine Bluff had 139 MLS listings, a difference of 10 listings (8%) versus the prior month and 7 listings (5%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Pine Bluff (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,813 sqft
2018-02-01 0 days 1,805 sqft
2018-03-01 0 days 1,799 sqft
2018-04-01 0 days 1,772 sqft
2018-05-01 0 days 1,791 sqft
2018-06-01 0 days 1,805 sqft
2018-07-01 0 days 1,822 sqft
2018-08-01 0 days 1,835 sqft
2018-09-01 0 days 1,832 sqft
2018-10-01 0 days 1,804 sqft
2018-11-01 0 days 1,799 sqft
2018-12-01 0 days 1,745 sqft
2019-01-01 0 days 1,699 sqft
2019-02-01 0 days 1,683 sqft
2019-03-01 0 days 1,712 sqft
2019-04-01 0 days 1,749 sqft
2019-05-01 0 days 1,734 sqft
2019-06-01 0 days 1,712 sqft
2019-07-01 0 days 1,676 sqft
2019-08-01 0 days 1,661 sqft
2019-09-01 0 days 1,648 sqft
2019-10-01 0 days 1,638 sqft
2019-11-01 0 days 1,605 sqft
2019-12-01 0 days 1,613 sqft
2020-01-01 0 days 1,622 sqft
2020-02-01 0 days 1,580 sqft
2020-03-01 0 days 1,567 sqft
2020-04-01 0 days 1,572 sqft
2020-05-01 0 days 1,544 sqft
2020-06-01 0 days 1,527 sqft
2020-07-01 0 days 1,560 sqft
2020-08-01 0 days 1,572 sqft
2020-09-01 0 days 1,667 sqft
2020-10-01 0 days 1,639 sqft
2020-11-01 0 days 1,689 sqft
2020-12-01 0 days 1,648 sqft
2021-01-01 0 days 1,713 sqft
2021-02-01 0 days 1,625 sqft
2021-03-01 0 days 1,655 sqft
2021-04-01 0 days 1,628 sqft
2021-05-01 0 days 1,598 sqft
2021-06-01 0 days 1,547 sqft
2021-07-01 0 days 1,646 sqft
2021-08-01 0 days 1,776 sqft
2021-09-01 0 days 1,760 sqft
2021-10-01 0 days 1,664 sqft
2021-11-01 0 days 1,664 sqft
2021-12-01 0 days 1,673 sqft
2022-01-01 0 days 1,728 sqft
2022-02-01 0 days 1,578 sqft
2022-03-01 0 days 1,711 sqft
2022-04-01 0 days 1,819 sqft
2022-05-01 0 days 1,886 sqft
2022-06-01 0 days 1,829 sqft
2022-07-01 0 days 1,752 sqft
2022-08-01 0 days 1,762 sqft
2022-09-01 0 days 1,732 sqft
2022-10-01 0 days 1,774 sqft
2022-11-01 0 days 1,722 sqft
Pine Bluff's median listing age (time on market) for 2022-11-01 was 0 days.

Pine Bluff's median square footage for active listings during the 2022-11-01 period was 1,722 sqft. One year prior, the average listing was 1,664 sqft.