Russellville USDA Loan Rates, Closing Costs & Stats

Russellville, 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.

Russellville's 27 lenders originated 233 USDA loans during 2021. The total origination value was $32,185,000, with an average USDA loan value of $138,133.

Russellville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Russellville averaged 6.58% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Russellville's average USDA mortgage closing costs are $3,560.

The average rate for the prior week (2022-11-25) was 6.61% and one month ago for the week of 2022-10-28, the average rate was 6.89%.

The average rate one year ago was 3.08%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.1%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
Arvest Bank 46 2.93% $3,408
UNION HOME MORTGAGE CORP. 43 3.03% $4,246
Bank of England 36 2.86% $4,266
GMFS LLC 22 2.68% $3,285
First Security Bank 14 2.43% $2,407
Centennial Bank 11 2.66% $3,351
United Fidelity Funding Corp. 9 2.32% $6,733
Regions Bank 9 3.14% $2,380
Simmons Bank 8 2.83% $2,979
AMERICAN FINANCIAL NETWORK, INC. 6 3.52% $5,159
Chambers Bank 5 2.58% $3,250
PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.84% $2,012
FirstTrust Home Loans, Inc. 3 3.17% $3,995
PILGRIM MORTGAGE LLC 2 3.31% $4,599
CORNERSTONE HOME LENDING, INC. 2 3.50% $4,736
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.38% $3,442
Flagstar Bank, FSB 1 2.75% $4,544
CALIBER HOME LOANS, INC. 1 2.75% $2,811
Carrington Mortgage Services, LLC 1 4.50% $5,671
DAS Acquisition Company, LLC 1 4.25% $3,108
First Community Bank 1 3.25% $3,537
ACADEMY MORTGAGE CORPORATION 1 3.25% $3,758
Gateway First Bank 1 2.25% $4,132
MORTGAGE FINANCIAL SERVICES, LLC 1 3.38% $3,918
OPEN MORTGAGE, LLC 1 2.75% $3,553
Plains Commerce Bank 1 2.50% $3,293
UNITED 1 2.75% $4,299

The top Russellville USDA lender as defined by loan originations is Arvest Bank, with 46 USDA loans originated. Their average total fees are $3,408, which is $839 lower than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Russellville USDA lenders (with over 10 loans originated) are First Security Bank ($2,407), GMFS LLC ($3,285), Centennial Bank ($3,351), Arvest Bank ($3,408) and UNION HOME MORTGAGE CORP. ($4,246).

The lowest rate Russellville USDA lenders (with over 10 loans originated) are First Security Bank (2.43%), Centennial Bank (2.66%), GMFS LLC (2.68%), Bank of England (2.86%) and Arvest Bank (2.93%).


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 (3.4%) $172,738 (6.0%) 0.00 293
2018-02-01 $138,125 (7.9%) $173,065 (3.6%) 0.00 294
2018-03-01 $142,500 (9.7%) $180,446 (7.1%) 0.00 305
2018-04-01 $149,800 (12.7%) $190,936 (13.9%) 0.00 299
2018-05-01 $154,900 (13.3%) $192,008 (10.2%) 0.00 293
2018-06-01 $155,000 (10.7%) $193,176 (7.7%) 0.00 320
2018-07-01 $159,900 (14.3%) $192,843 (8.8%) 0.00 340
2018-08-01 $157,450 (9.8%) $192,770 (7.4%) 0.00 341
2018-09-01 $155,000 (6.5%) $192,908 (6.7%) 0.00 333
2018-10-01 $151,300 (2.1%) $192,226 (5.8%) 0.00 322
2018-11-01 $149,975 (2.5%) $195,594 (7.1%) 0.00 315
2018-12-01 $151,000 (11.9%) $193,479 (8.8%) 0.00 305
2019-01-01 $145,450 (12.0%) $186,743 (8.1%) 0.00 297
2019-02-01 $143,900 (4.2%) $184,709 (6.7%) 0.00 334
2019-03-01 $144,836 (1.6%) $184,287 (2.1%) 0.00 355
2019-04-01 $145,811 (-2.7%) $183,137 (-4.1%) 0.00 342
2019-05-01 $144,900 (-6.5%) $180,442 (-6.0%) 0.00 321
2019-06-01 $144,950 (-6.5%) $181,717 (-5.9%) 0.00 320
2019-07-01 $147,950 (-7.5%) $186,082 (-3.5%) 0.00 315
2019-08-01 $162,518 (3.2%) $191,875 (-0.5%) 0.00 316
2019-09-01 $166,445 (7.4%) $196,301 (1.8%) 0.00 304
2019-10-01 $169,064 (11.7%) $200,123 (4.1%) 0.00 294
2019-11-01 $163,675 (9.1%) $199,435 (2.0%) 0.00 287
2019-12-01 $164,950 (9.2%) $203,532 (5.2%) 0.00 281
2020-01-01 $156,500 (7.6%) $202,743 (8.6%) 0.00 251
2020-02-01 $158,700 (10.3%) $204,666 (10.8%) 0.00 235
2020-03-01 $173,100 (19.5%) $209,695 (13.8%) 0.00 247
2020-04-01 $176,050 (20.7%) $211,666 (15.6%) 0.00 252
2020-05-01 $176,500 (21.8%) $213,604 (18.4%) 0.00 219
2020-06-01 $174,850 (20.6%) $213,287 (17.4%) 0.00 205
2020-07-01 $170,725 (15.4%) $218,581 (17.5%) 0.00 195
2020-08-01 $184,900 (13.8%) $226,825 (18.2%) 0.00 193
2020-09-01 $185,975 (11.7%) $232,659 (18.5%) 0.00 162
2020-10-01 $189,900 (12.3%) $237,433 (18.6%) 0.00 151
2020-11-01 $184,925 (13.0%) $235,723 (18.2%) 0.00 165
2020-12-01 $186,950 (13.3%) $234,592 (15.3%) 0.00 151
2021-01-01 $184,750 (18.1%) $234,684 (15.8%) 0.00 146
2021-02-01 $189,725 (19.6%) $243,366 (18.9%) 0.00 79
2021-03-01 $194,925 (12.6%) $262,297 (25.1%) 0.00 109
2021-04-01 $206,725 (17.4%) $266,539 (25.9%) 0.00 105
2021-05-01 $189,900 (7.6%) $258,217 (20.9%) 0.00 91
2021-06-01 $194,250 (11.1%) $273,082 (28.0%) 0.00 94
2021-07-01 $184,500 (8.1%) $266,718 (22.0%) 0.00 91
2021-08-01 $169,475 (-8.3%) $248,381 (9.5%) 0.00 101
2021-09-01 $191,169 (2.8%) $240,388 (3.3%) 0.00 124
2021-10-01 $198,000 (4.3%) $246,908 (4.0%) 0.00 127
2021-11-01 $220,438 (19.2%) $257,551 (9.3%) 0.00 113
2021-12-01 $220,000 (17.7%) $249,705 (6.4%) 0.00 116
2022-01-01 $209,900 (13.6%) $233,723 (-0.4%) 0.00 122
2022-02-01 $204,825 (8.0%) $243,090 (-0.1%) 0.00 99
2022-03-01 $197,200 (1.2%) $251,400 (-4.2%) 0.00 93
2022-04-01 $199,900 (-3.3%) $265,396 (-0.4%) 0.00 93
2022-05-01 $207,813 (9.4%) $273,250 (5.8%) 0.00 104
2022-06-01 $219,900 (13.2%) $293,322 (7.4%) 0.00 121
2022-07-01 $217,900 (18.1%) $281,599 (5.6%) 0.00 168
2022-08-01 $222,250 (31.1%) $287,799 (15.9%) 0.00 163
2022-09-01 $220,000 (15.1%) $275,128 (14.5%) 0.00 170
2022-10-01 $235,000 (18.7%) $276,836 (12.1%) 0.00 173
2022-11-01 $222,500 (0.9%) $261,114 (1.4%) 0.00 179
Russellville's median listing price for 2022-11-01 was $222,500, a difference of $2,062 (0.9%) versus the prior year and $-12,500 versus the prior month.

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

Russellville's average listing price for 2022-11-01 was $261,114, a difference of $3,563 (1.4%) versus the prior year and $-15,722 versus the prior month.

For the 2022-11-01 period, Russellville had 179 MLS listings, a difference of 6 listings (3%) versus the prior month and 66 listings (58%) 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 1,699 sqft
2018-02-01 0 days 1,727 sqft
2018-03-01 0 days 1,748 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 1,808 sqft
2018-11-01 0 days 1,815 sqft
2018-12-01 0 days 1,802 sqft
2019-01-01 0 days 1,749 sqft
2019-02-01 0 days 1,697 sqft
2019-03-01 0 days 1,735 sqft
2019-04-01 0 days 1,785 sqft
2019-05-01 0 days 1,687 sqft
2019-06-01 0 days 1,744 sqft
2019-07-01 0 days 1,770 sqft
2019-08-01 0 days 1,792 sqft
2019-09-01 0 days 1,780 sqft
2019-10-01 0 days 1,774 sqft
2019-11-01 0 days 1,796 sqft
2019-12-01 0 days 1,800 sqft
2020-01-01 0 days 1,784 sqft
2020-02-01 0 days 1,824 sqft
2020-03-01 0 days 1,840 sqft
2020-04-01 0 days 1,851 sqft
2020-05-01 0 days 1,826 sqft
2020-06-01 0 days 1,824 sqft
2020-07-01 0 days 1,811 sqft
2020-08-01 0 days 1,860 sqft
2020-09-01 0 days 1,941 sqft
2020-10-01 0 days 1,825 sqft
2020-11-01 0 days 1,820 sqft
2020-12-01 0 days 1,889 sqft
2021-01-01 0 days 1,825 sqft
2021-02-01 0 days 1,839 sqft
2021-03-01 0 days 1,969 sqft
2021-04-01 0 days 2,113 sqft
2021-05-01 0 days 1,948 sqft
2021-06-01 0 days 1,953 sqft
2021-07-01 0 days 1,800 sqft
2021-08-01 0 days 1,663 sqft
2021-09-01 0 days 1,593 sqft
2021-10-01 0 days 1,705 sqft
2021-11-01 0 days 1,848 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 1,813 sqft
Russellville's median listing age (time on market) for 2022-11-01 was 0 days.

Russellville's median square footage for active listings during the 2022-11-01 period was 1,813 sqft. One year prior, the average listing was 1,848 sqft.