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%.
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%), .