Russellville USDA Loan Rates, Closing Costs & Stats

Russellville, 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.

    Russellville's 23 lenders originated 90 USDA loans during 2023. The total origination value was $13,130,000, with an average USDA loan value of $145,889.

    Russellville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Russellville averaged -0.1% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Russellville's average USDA mortgage closing costs are $3,780.

    The average rate for the prior week (2024-11-08) was 6.25% and one month ago for the week of 2024-10-11, the average rate was 6.11%.

    The average rate one year ago was 7.34%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.2%.

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

    Russellville 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 Russellville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Arvest Bank 18 6.61% $5,060
    GMFS LLC 16 6.27% $4,302
    Simmons Bank 7 6.36% $3,674
    Bank of England 6 6.25% $4,514
    First Security Bank 6 6.06% $3,503
    Regions Bank 6 6.33% $3,980
    Centennial Bank 5 6.28% $4,377
    United Fidelity Funding Corp. 3 5.92% $5,872
    Chambers Bank 3 6.21% $4,233
    UNION HOME MORTGAGE CORP. 3 7.04% $5,887
    FirstTrust Home Loans, Inc. 2 6.50% $5,021
    CORNERSTONE HOME LENDING, INC. 2 6.50% $6,549
    INTERLINC MORTGAGE SERVICES, LLC 2 7.13% $2,156
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.94% $7,427
    ACADEMY MORTGAGE CORPORATION 1 6.25% $7,631
    MORTGAGE INVESTORS GROUP, INC. 1 6.38% $4,263
    Gateway First Bank 1 5.75% $4,356
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $4,558
    BROKER SOLUTIONS, INC. 1 7.13% $4,462
    SENTE MORTGAGE, INC. 1 7.13% $4,957
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $1,573
    GUILD MORTGAGE COMPANY 1 7.13% $6,158
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $6,612

    The top Russellville USDA lender as defined by loan originations is Arvest Bank, with 18 USDA loans originated. Their average total fees are $5,060, which is $758 higher than the next largest lender, GMFS LLC.

    The lowest fee Russellville USDA lenders (with over 10 loans originated) are GMFS LLC ($4,302), Arvest Bank ($5,060), .

    The lowest rate Russellville USDA lenders (with over 10 loans originated) are GMFS LLC (6.27%), Arvest Bank (6.61%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Russellville (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 $129,900 (3.9%) $172,403 (6.3%) 0.00 295
    2018-02-01 $135,375 (6.3%) $172,726 (4.0%) 0.00 296
    2018-03-01 $142,500 (9.7%) $180,068 (7.6%) 0.00 307
    2018-04-01 $149,475 (15.1%) $190,498 (14.3%) 0.00 301
    2018-05-01 $153,900 (13.0%) $191,551 (10.3%) 0.00 295
    2018-06-01 $154,900 (10.7%) $192,754 (7.8%) 0.00 322
    2018-07-01 $158,613 (13.4%) $192,209 (8.7%) 0.00 343
    2018-08-01 $157,400 (10.5%) $192,141 (7.3%) 0.00 345
    2018-09-01 $154,990 (7.6%) $192,249 (6.6%) 0.00 337
    2018-10-01 $149,950 (2.2%) $191,123 (5.4%) 0.00 328
    2018-11-01 $149,925 (3.5%) $194,293 (6.6%) 0.00 320
    2018-12-01 $150,000 (11.5%) $191,915 (8.1%) 0.00 312
    2019-01-01 $144,450 (11.2%) $185,349 (7.5%) 0.00 304
    2019-02-01 $143,900 (6.3%) $184,064 (6.6%) 0.00 339
    2019-03-01 $145,693 (2.2%) $185,350 (2.9%) 0.00 360
    2019-04-01 $147,668 (-1.2%) $186,457 (-2.1%) 0.00 348
    2019-05-01 $144,950 (-5.8%) $184,120 (-3.9%) 0.00 327
    2019-06-01 $144,900 (-6.5%) $181,036 (-6.1%) 0.00 323
    2019-07-01 $147,700 (-6.9%) $185,548 (-3.5%) 0.00 318
    2019-08-01 $162,245 (3.1%) $191,520 (-0.3%) 0.00 318
    2019-09-01 $165,764 (7.0%) $195,977 (1.9%) 0.00 305
    2019-10-01 $168,109 (12.1%) $199,819 (4.6%) 0.00 295
    2019-11-01 $162,450 (8.4%) $199,130 (2.5%) 0.00 288
    2019-12-01 $164,075 (9.4%) $203,014 (5.8%) 0.00 282
    2020-01-01 $155,375 (7.6%) $202,033 (9.0%) 0.00 252
    2020-02-01 $158,700 (10.3%) $204,666 (11.2%) 0.00 235
    2020-03-01 $174,300 (19.6%) $211,618 (14.2%) 0.00 248
    2020-04-01 $176,425 (19.5%) $213,512 (14.5%) 0.00 253
    2020-05-01 $177,200 (22.3%) $215,167 (16.9%) 0.00 220
    2020-06-01 $174,850 (20.7%) $214,714 (18.6%) 0.00 207
    2020-07-01 $171,200 (15.9%) $220,355 (18.8%) 0.00 196
    2020-08-01 $184,950 (14.0%) $228,908 (19.5%) 0.00 194
    2020-09-01 $187,000 (12.8%) $235,121 (20.0%) 0.00 163
    2020-10-01 $189,900 (13.0%) $240,015 (20.1%) 0.00 152
    2020-11-01 $187,400 (15.4%) $239,134 (20.1%) 0.00 166
    2020-12-01 $189,400 (15.4%) $238,382 (17.4%) 0.00 153
    2021-01-01 $185,000 (19.1%) $238,484 (18.0%) 0.00 148
    2021-02-01 $190,900 (20.3%) $247,662 (21.0%) 0.00 82
    2021-03-01 $196,283 (12.6%) $265,051 (25.3%) 0.00 111
    2021-04-01 $212,750 (20.6%) $266,405 (24.8%) 0.00 106
    2021-05-01 $189,950 (7.2%) $258,145 (20.0%) 0.00 92
    2021-06-01 $195,775 (12.0%) $271,823 (26.6%) 0.00 95
    2021-07-01 $184,900 (8.0%) $266,556 (21.0%) 0.00 92
    2021-08-01 $170,700 (-7.7%) $247,904 (8.3%) 0.00 102
    2021-09-01 $191,169 (2.2%) $240,388 (2.2%) 0.00 124
    2021-10-01 $198,500 (4.5%) $246,545 (2.7%) 0.00 128
    2021-11-01 $220,438 (17.6%) $257,551 (7.7%) 0.00 113
    2021-12-01 $220,000 (16.2%) $249,705 (4.8%) 0.00 116
    2022-01-01 $204,900 (10.8%) $233,254 (-2.2%) 0.00 123
    2022-02-01 $204,825 (7.3%) $243,090 (-1.9%) 0.00 99
    2022-03-01 $197,200 (0.5%) $251,410 (-5.2%) 0.00 93
    2022-04-01 $199,900 (-6.0%) $265,396 (-0.4%) 0.00 93
    2022-05-01 $207,813 (9.4%) $273,250 (5.9%) 0.00 104
    2022-06-01 $219,900 (12.3%) $293,322 (7.9%) 0.00 121
    2022-07-01 $217,900 (17.9%) $281,599 (5.6%) 0.00 168
    2022-08-01 $223,500 (30.9%) $288,597 (16.4%) 0.00 163
    2022-09-01 $220,000 (15.1%) $275,128 (14.5%) 0.00 170
    2022-10-01 $235,000 (18.4%) $276,836 (12.3%) 0.00 173
    2022-11-01 $222,500 (0.9%) $261,114 (1.4%) 0.00 179
    2022-12-01 $215,000 (-2.3%) $258,294 (3.4%) 0.00 197
    2023-01-01 $210,000 (2.5%) $259,282 (11.2%) 0.00 166
    2023-02-01 $212,450 (3.7%) $267,907 (10.2%) 0.00 144
    2023-03-01 $209,950 (6.5%) $263,147 (4.7%) 0.00 140
    2023-04-01 $220,000 (10.1%) $292,379 (10.2%) 0.00 144
    2023-05-01 $229,450 (10.4%) $305,579 (11.8%) 0.00 144
    2023-06-01 $230,500 (4.8%) $307,747 (4.9%) 0.00 143
    2023-07-01 $249,900 (14.7%) $316,708 (12.5%) 0.00 158
    2023-08-01 $244,175 (9.3%) $323,104 (12.0%) 0.00 169
    2023-09-01 $249,900 (13.6%) $333,444 (21.2%) 0.00 196
    2023-10-01 $247,225 (5.2%) $331,652 (19.8%) 0.00 207
    2023-11-01 $249,500 (12.1%) $331,422 (26.9%) 0.00 198
    2023-12-01 $249,900 (16.2%) $328,336 (27.1%) 0.00 194
    2024-01-01 $252,450 (20.2%) $325,575 (25.6%) 0.00 190
    2024-02-01 $251,100 (18.2%) $326,993 (22.1%) 0.00 191
    2024-03-01 $252,250 (20.2%) $320,159 (21.7%) 0.00 185
    2024-04-01 $259,100 (17.8%) $320,603 (9.7%) 0.00 195
    2024-05-01 $251,900 (9.8%) $316,546 (3.6%) 0.00 204
    2024-06-01 $255,000 (10.6%) $321,450 (4.5%) 0.00 212
    2024-07-01 $257,250 (2.9%) $315,597 (-0.4%) 0.00 230
    2024-08-01 $262,450 (7.5%) $342,438 (6.0%) 0.00 225
    2024-09-01 $270,850 (8.4%) $335,007 (0.5%) 0.00 239
    2024-10-01 $268,350 (8.5%) $322,134 (-2.9%) 0.00 262
    Russellville's median listing price for 2024-10-01 was $268,350, a difference of $21,125 (8.5%) versus the prior year and $-2,500 versus the prior month.

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

    Russellville's average listing price for 2024-10-01 was $322,134, a difference of $-9,518 (-2.9%) versus the prior year and $-12,873 versus the prior month.

    For the 2024-10-01 period, Russellville had 262 MLS listings, a difference of 23 listings (10%) versus the prior month and 55 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Russellville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,697 sqft
    2018-02-01 0 days 1,733 sqft
    2018-03-01 0 days 1,756 sqft
    2018-04-01 0 days 1,800 sqft
    2018-05-01 0 days 1,841 sqft
    2018-06-01 0 days 1,886 sqft
    2018-07-01 0 days 1,866 sqft
    2018-08-01 0 days 1,839 sqft
    2018-09-01 0 days 1,809 sqft
    2018-10-01 0 days 1,806 sqft
    2018-11-01 0 days 1,811 sqft
    2018-12-01 0 days 1,802 sqft
    2019-01-01 0 days 1,737 sqft
    2019-02-01 0 days 1,693 sqft
    2019-03-01 0 days 1,735 sqft
    2019-04-01 0 days 1,788 sqft
    2019-05-01 0 days 1,691 sqft
    2019-06-01 0 days 1,726 sqft
    2019-07-01 0 days 1,760 sqft
    2019-08-01 0 days 1,788 sqft
    2019-09-01 0 days 1,777 sqft
    2019-10-01 0 days 1,771 sqft
    2019-11-01 0 days 1,792 sqft
    2019-12-01 0 days 1,800 sqft
    2020-01-01 0 days 1,771 sqft
    2020-02-01 0 days 1,832 sqft
    2020-03-01 0 days 1,848 sqft
    2020-04-01 0 days 1,854 sqft
    2020-05-01 0 days 1,828 sqft
    2020-06-01 0 days 1,824 sqft
    2020-07-01 0 days 1,811 sqft
    2020-08-01 0 days 1,874 sqft
    2020-09-01 0 days 1,960 sqft
    2020-10-01 0 days 1,843 sqft
    2020-11-01 0 days 1,833 sqft
    2020-12-01 0 days 1,903 sqft
    2021-01-01 0 days 1,840 sqft
    2021-02-01 0 days 1,864 sqft
    2021-03-01 0 days 1,964 sqft
    2021-04-01 0 days 2,107 sqft
    2021-05-01 0 days 1,944 sqft
    2021-06-01 0 days 1,937 sqft
    2021-07-01 0 days 1,784 sqft
    2021-08-01 0 days 1,651 sqft
    2021-09-01 0 days 1,593 sqft
    2021-10-01 0 days 1,698 sqft
    2021-11-01 0 days 1,836 sqft
    2021-12-01 0 days 1,902 sqft
    2022-01-01 0 days 1,787 sqft
    2022-02-01 0 days 1,732 sqft
    2022-03-01 0 days 1,695 sqft
    2022-04-01 0 days 1,781 sqft
    2022-05-01 0 days 1,884 sqft
    2022-06-01 0 days 1,883 sqft
    2022-07-01 0 days 1,840 sqft
    2022-08-01 0 days 1,846 sqft
    2022-09-01 0 days 1,785 sqft
    2022-10-01 0 days 1,829 sqft
    2022-11-01 0 days 1,808 sqft
    2022-12-01 0 days 1,779 sqft
    2023-01-01 0 days 1,753 sqft
    2023-02-01 0 days 1,719 sqft
    2023-03-01 0 days 1,703 sqft
    2023-04-01 0 days 1,786 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,795 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,822 sqft
    2023-09-01 0 days 1,856 sqft
    2023-10-01 0 days 1,901 sqft
    2023-11-01 0 days 1,917 sqft
    2023-12-01 0 days 1,914 sqft
    2024-01-01 0 days 1,911 sqft
    2024-02-01 0 days 1,940 sqft
    2024-03-01 0 days 1,932 sqft
    2024-04-01 0 days 1,923 sqft
    2024-05-01 0 days 1,912 sqft
    2024-06-01 0 days 1,830 sqft
    2024-07-01 0 days 1,816 sqft
    2024-08-01 0 days 1,861 sqft
    2024-09-01 0 days 1,968 sqft
    2024-10-01 0 days 1,908 sqft
    Russellville's median listing age (time on market) for 2024-10-01 was 0 days.

    Russellville's median square footage for active listings during the 2024-10-01 period was 1,908 sqft. One year prior, the average listing was 1,901 sqft.