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 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.