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 12 lenders originated 42 USDA loans during 2022. The total origination value was $5,790,000, with an average USDA loan value of $137,857.

Pine Bluff USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Pine Bluff averaged 6.58% for the week of 2023-12-01, compared to the national average (all USDA variants) of 6.997% for the same period.

Pine Bluff's average USDA mortgage closing costs are $4,505.

The average rate for the prior week (2023-11-24) was 6.89% and one month ago for the week of 2023-10-27, the average rate was 7.44%.

The average rate one year ago was 6.36%.

For refis of the same type during the week of 2023-12-01, the average rate was 7.1%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
MORTGAGE FINANCIAL SERVICES, LLC 15 4.92% $5,646
FirstTrust Home Loans, Inc. 9 4.79% $5,551
EVERETT FINANCIAL, INC. 4 4.44% $2,794
UNITED WHOLESALE MORTGAGE, LLC 4 5.23% $5,301
PENNYMAC LOAN SERVICES, LLC 1 3.38% $5,525
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $4,810
Simmons Bank 1 5.13% $3,075
United Fidelity Funding Corp. 1 6.75% $4,565
Patriot Bank 1 2.50% $5,108
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.88% $5,117
GUARANTEED RATE, INC. 1 6.50% $8,359
Eagle Bank and Trust Company 1 5.00% $4,476

The top Pine Bluff USDA lender as defined by loan originations is MORTGAGE FINANCIAL SERVICES, LLC, with 15 USDA loans originated. Their average total fees are $5,646, which is $95 higher than the next largest lender, FirstTrust Home Loans, Inc..

The lowest fee Pine Bluff USDA lenders (with over 10 loans originated) are MORTGAGE FINANCIAL SERVICES, LLC ($5,646), .

The lowest rate Pine Bluff USDA lenders (with over 10 loans originated) are MORTGAGE FINANCIAL SERVICES, LLC (4.92%), .