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%.
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 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 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.
