Pine Bluff USDA Loan Rates, Closing Costs & Stats

PINE BLUFF, 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.

    Pine Bluff's 11 lenders originated 35 USDA loans during 2023. The total origination value was $5,215,000, with an average USDA loan value of $149,000.

    Pine Bluff USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Pine Bluff averaged 6.81% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Pine Bluff's average USDA mortgage closing costs are $4,660.

    The average rate for the prior week (2024-04-12) was 6.96% and one month ago for the week of 2024-03-15, the average rate was 6.75%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FirstTrust Home Loans, Inc. 13 6.76% $5,695
    MORTGAGE FINANCIAL SERVICES, LLC 7 6.70% $6,022
    EVERETT FINANCIAL, INC. 6 6.65% $6,375
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.13% $8,129
    NFM, INC. 1 6.63% $7,541
    Simmons Bank 1 6.38% $6,304
    Bank of England 1 5.75% $4,235
    UNITED WHOLESALE MORTGAGE, LLC 1 6.60% $3,803
    CARDINAL FINANCIAL 1 6.75% $7,741
    First Community Bank 1 5.75% $5,880
    Magnolia Bank 1 7.13% $3,859

    The top Pine Bluff USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 13 USDA loans originated. Their average total fees are $5,695, which is $327 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

    The lowest fee Pine Bluff USDA lenders (with over 10 loans originated) are FirstTrust Home Loans, Inc. ($5,695), .

    The lowest rate Pine Bluff USDA lenders (with over 10 loans originated) are FirstTrust Home Loans, Inc. (6.76%), .

    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 (4.7%) $112,958 (-6.7%) 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%) $110,421 (6.9%) 0.00 212
    2019-04-01 $92,500 (4.4%) $114,906 (1.9%) 0.00 217
    2019-05-01 $91,850 (-3.3%) $112,410 (-3.7%) 0.00 206
    2019-06-01 $85,000 (-14.7%) $115,059 (-2.1%) 0.00 203
    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 (-7.9%) 0.00 204
    2020-05-01 $74,950 (-18.4%) $103,249 (-8.2%) 0.00 182
    2020-06-01 $71,163 (-16.3%) $101,807 (-11.5%) 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 $99,950 (31.7%) $117,711 (11.3%) 0.00 87
    2021-05-01 $90,500 (20.8%) $114,130 (10.5%) 0.00 83
    2021-06-01 $91,875 (29.1%) $117,733 (15.6%) 0.00 84
    2021-07-01 $102,450 (36.6%) $132,835 (16.1%) 0.00 100
    2021-08-01 $105,188 (40.8%) $136,325 (17.4%) 0.00 116
    2021-09-01 $109,975 (28.7%) $142,433 (12.0%) 0.00 127
    2021-10-01 $110,000 (14.0%) $142,411 (15.6%) 0.00 136
    2021-11-01 $110,000 (7.4%) $141,090 (10.7%) 0.00 135
    2021-12-01 $114,000 (8.6%) $142,493 (10.1%) 0.00 128
    2022-01-01 $115,000 (17.4%) $149,602 (15.4%) 0.00 109
    2022-02-01 $108,225 (25.8%) $140,369 (20.8%) 0.00 98
    2022-03-01 $118,875 (18.3%) $149,703 (27.1%) 0.00 93
    2022-04-01 $135,000 (35.1%) $161,578 (37.3%) 0.00 98
    2022-05-01 $144,975 (60.2%) $160,212 (40.4%) 0.00 99
    2022-06-01 $131,250 (42.9%) $160,574 (36.4%) 0.00 105
    2022-07-01 $129,900 (26.8%) $161,454 (21.5%) 0.00 114
    2022-08-01 $126,175 (20.0%) $156,579 (14.9%) 0.00 115
    2022-09-01 $139,000 (26.4%) $161,706 (13.5%) 0.00 130
    2022-10-01 $149,950 (36.3%) $173,318 (21.7%) 0.00 129
    2022-11-01 $145,000 (31.8%) $164,302 (16.5%) 0.00 139
    2022-12-01 $140,000 (22.8%) $162,458 (14.0%) 0.00 135
    2023-01-01 $136,475 (18.7%) $157,774 (5.5%) 0.00 121
    2023-02-01 $139,750 (29.1%) $152,701 (8.8%) 0.00 123
    2023-03-01 $130,750 (10.0%) $150,683 (0.7%) 0.00 143
    2023-04-01 $138,500 (2.6%) $159,679 (-1.2%) 0.00 148
    2023-05-01 $119,900 (-17.3%) $155,589 (-2.9%) 0.00 142
    2023-06-01 $131,750 (0.4%) $159,798 (-0.5%) 0.00 151
    2023-07-01 $130,000 (0.1%) $156,416 (-3.1%) 0.00 152
    2023-08-01 $131,000 (3.8%) $170,883 (9.1%) 0.00 165
    2023-09-01 $139,000 (0.0%) $174,888 (8.2%) 0.00 172
    2023-10-01 $138,000 (-8.0%) $174,780 (0.8%) 0.00 178
    2023-11-01 $136,925 (-5.6%) $172,825 (5.2%) 0.00 174
    2023-12-01 $132,250 (-5.5%) $167,634 (3.2%) 0.00 184
    2024-01-01 $136,600 (0.1%) $172,532 (9.4%) 0.00 172
    2024-02-01 $134,250 (-3.9%) $161,991 (6.1%) 0.00 183
    2024-03-01 $135,000 (3.3%) $163,534 (8.5%) 0.00 166
    Pine Bluff's median listing price for 2024-03-01 was $135,000, a difference of $4,250 (3.3%) versus the prior year and $750 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 2024-03-01 was $163,534, a difference of $12,851 (8.5%) versus the prior year and $1,543 versus the prior month.

    For the 2024-03-01 period, Pine Bluff had 166 MLS listings, a difference of -17 listings (-9%) versus the prior month and 23 listings (16%) 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 1,815 sqft
    2018-02-01 0 days 1,811 sqft
    2018-03-01 0 days 1,800 sqft
    2018-04-01 0 days 1,776 sqft
    2018-05-01 0 days 1,796 sqft
    2018-06-01 0 days 1,810 sqft
    2018-07-01 0 days 1,825 sqft
    2018-08-01 0 days 1,838 sqft
    2018-09-01 0 days 1,833 sqft
    2018-10-01 0 days 1,808 sqft
    2018-11-01 0 days 1,802 sqft
    2018-12-01 0 days 1,748 sqft
    2019-01-01 0 days 1,700 sqft
    2019-02-01 0 days 1,687 sqft
    2019-03-01 0 days 1,712 sqft
    2019-04-01 0 days 1,749 sqft
    2019-05-01 0 days 1,742 sqft
    2019-06-01 0 days 1,712 sqft
    2019-07-01 0 days 1,690 sqft
    2019-08-01 0 days 1,663 sqft
    2019-09-01 0 days 1,649 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 1,624 sqft
    2021-05-01 0 days 1,573 sqft
    2021-06-01 0 days 1,526 sqft
    2021-07-01 0 days 1,632 sqft
    2021-08-01 0 days 1,754 sqft
    2021-09-01 0 days 1,750 sqft
    2021-10-01 0 days 1,664 sqft
    2021-11-01 0 days 1,657 sqft
    2021-12-01 0 days 1,671 sqft
    2022-01-01 0 days 1,714 sqft
    2022-02-01 0 days 1,578 sqft
    2022-03-01 0 days 1,718 sqft
    2022-04-01 0 days 1,819 sqft
    2022-05-01 0 days 1,898 sqft
    2022-06-01 0 days 1,845 sqft
    2022-07-01 0 days 1,754 sqft
    2022-08-01 0 days 1,775 sqft
    2022-09-01 0 days 1,735 sqft
    2022-10-01 0 days 1,774 sqft
    2022-11-01 0 days 1,722 sqft
    2022-12-01 0 days 1,731 sqft
    2023-01-01 0 days 1,760 sqft
    2023-02-01 0 days 1,694 sqft
    2023-03-01 0 days 1,676 sqft
    2023-04-01 0 days 1,728 sqft
    2023-05-01 0 days 1,626 sqft
    2023-06-01 0 days 1,679 sqft
    2023-07-01 0 days 1,633 sqft
    2023-08-01 0 days 1,672 sqft
    2023-09-01 0 days 1,720 sqft
    2023-10-01 0 days 1,707 sqft
    2023-11-01 0 days 1,666 sqft
    2023-12-01 0 days 1,651 sqft
    2024-01-01 0 days 1,652 sqft
    2024-02-01 0 days 1,646 sqft
    2024-03-01 0 days 1,636 sqft
    Pine Bluff's median listing age (time on market) for 2024-03-01 was 0 days.

    Pine Bluff's median square footage for active listings during the 2024-03-01 period was 1,636 sqft. One year prior, the average listing was 1,676 sqft.