Searcy USDA Loan Rates, Closing Costs & Stats

Searcy, 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.

Searcy's 30 lenders originated 92 USDA loans during 2023. The total origination value was $14,150,000, with an average USDA loan value of $153,804.

Searcy USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Searcy averaged -0.02% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Searcy's average USDA mortgage closing costs are $3,914.

The average rate for the prior week (2024-11-22) was 6.39% and one month ago for the week of 2024-10-25, the average rate was 6.19%.

The average rate one year ago was 6.89%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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

Searcy 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 Searcy level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FirstTrust Home Loans, Inc. 11 6.91% $5,328
MORTGAGE FINANCIAL SERVICES, LLC 9 6.43% $5,082
First Security Bank 8 6.17% $2,510
Simmons Bank 8 6.30% $4,374
Bank of England 7 5.95% $6,522
First Community Bank 6 6.63% $5,112
Centennial Bank 5 6.75% $4,487
FLAT BRANCH MORTGAGE, INC. 5 7.30% $4,475
Regions Bank 4 6.47% $3,832
CORNERSTONE HOME LENDING, INC. 3 6.63% $8,192
ACADEMY MORTGAGE CORPORATION 2 6.94% $6,643
EVERETT FINANCIAL, INC. 2 6.69% $5,744
Mortgage Research Center, LLC 2 6.25% $3,845
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.94% $6,665
SENTE MORTGAGE, INC. 2 7.13% $4,861
DAS Acquisition Company, LLC 1 7.13% $8,133
CROSSCOUNTRY MORTGAGE, LLC 1 6.75% $7,416
Citizens Bank 1 6.25% $4,940
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.00% $6,695
Chambers Bank 1 6.50% $9,715
CARDINAL FINANCIAL 1 6.75% $5,442
MOVEMENT MORTGAGE, LLC 1 6.75% $4,729
Northpointe Bank 1 5.75% $5,556
THRIVE MORTGAGE, LLC 1 6.50% $6,389
Carrington Mortgage Services, LLC 1 6.13% $9,059
UNITED WHOLESALE MORTGAGE, LLC 1 6.62% $6,013
Sierra Pacific Mortgage Company, Inc. 1 6.75% $8,366
Eagle Bank and Trust Company 1 7.13% $4,200
FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $4,078
First Horizon Bank 1 6.00% $5,018

The top Searcy USDA lender as defined by loan originations is FirstTrust Home Loans, Inc., with 11 USDA loans originated. Their average total fees are $5,328, which is $246 higher than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

The lowest fee Searcy USDA lenders (with over 10 loans originated) are FirstTrust Home Loans, Inc. ($5,328), .

The lowest rate Searcy USDA lenders (with over 10 loans originated) are FirstTrust Home Loans, Inc. (6.91%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Searcy (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 $132,675 (-1.1%) $174,511 (-0.8%) 0.00 311
2018-02-01 $134,675 (0.6%) $176,178 (1.7%) 0.00 301
2018-03-01 $139,900 (0.5%) $178,677 (0.5%) 0.00 311
2018-04-01 $148,975 (8.0%) $185,669 (3.8%) 0.00 323
2018-05-01 $148,500 (5.3%) $182,895 (-2.9%) 0.00 328
2018-06-01 $144,500 (-0.8%) $182,982 (-4.6%) 0.00 373
2018-07-01 $146,750 (-1.8%) $186,260 (-2.5%) 0.00 376
2018-08-01 $147,975 (-0.5%) $183,766 (-2.0%) 0.00 371
2018-09-01 $149,000 (-0.6%) $187,261 (-1.2%) 0.00 365
2018-10-01 $146,375 (-2.4%) $218,458 (16.4%) 0.00 363
2018-11-01 $139,950 (-5.3%) $211,828 (13.1%) 0.00 355
2018-12-01 $138,250 (0.0%) $215,388 (19.7%) 0.00 322
2019-01-01 $135,950 (2.5%) $213,275 (22.2%) 0.00 286
2019-02-01 $139,325 (3.5%) $225,479 (28.0%) 0.00 281
2019-03-01 $146,329 (4.6%) $229,521 (28.5%) 0.00 295
2019-04-01 $154,900 (4.0%) $229,983 (23.9%) 0.00 306
2019-05-01 $159,375 (7.3%) $231,273 (26.5%) 0.00 316
2019-06-01 $154,900 (7.2%) $221,514 (21.1%) 0.00 333
2019-07-01 $159,200 (8.5%) $223,068 (19.8%) 0.00 336
2019-08-01 $157,200 (6.2%) $216,689 (17.9%) 0.00 320
2019-09-01 $153,150 (2.8%) $200,269 (7.0%) 0.00 308
2019-10-01 $151,700 (3.6%) $191,076 (-12.5%) 0.00 295
2019-11-01 $149,000 (6.5%) $192,288 (-9.2%) 0.00 296
2019-12-01 $137,850 (-0.3%) $190,803 (-11.4%) 0.00 270
2020-01-01 $134,950 (-0.7%) $186,562 (-12.5%) 0.00 248
2020-02-01 $142,000 (1.9%) $194,254 (-13.9%) 0.00 244
2020-03-01 $149,500 (2.2%) $198,757 (-13.4%) 0.00 230
2020-04-01 $153,375 (-1.0%) $200,210 (-13.0%) 0.00 233
2020-05-01 $155,000 (-2.8%) $206,031 (-10.9%) 0.00 186
2020-06-01 $159,450 (2.9%) $214,994 (-2.9%) 0.00 168
2020-07-01 $164,750 (3.5%) $223,101 (0.0%) 0.00 146
2020-08-01 $165,000 (5.0%) $225,797 (4.2%) 0.00 134
2020-09-01 $163,000 (6.4%) $220,887 (10.3%) 0.00 149
2020-10-01 $151,675 (0.0%) $221,347 (15.8%) 0.00 133
2020-11-01 $163,500 (9.7%) $231,331 (20.3%) 0.00 130
2020-12-01 $165,000 (19.7%) $240,103 (25.8%) 0.00 119
2021-01-01 $159,200 (18.0%) $240,761 (29.1%) 0.00 94
2021-02-01 $166,100 (17.0%) $232,709 (19.8%) 0.00 79
2021-03-01 $166,950 (11.7%) $242,301 (21.9%) 0.00 72
2021-04-01 $189,900 (23.8%) $264,224 (32.0%) 0.00 63
2021-05-01 $172,500 (11.3%) $250,551 (21.6%) 0.00 68
2021-06-01 $172,950 (8.5%) $244,519 (13.7%) 0.00 87
2021-07-01 $189,900 (15.3%) $255,288 (14.4%) 0.00 106
2021-08-01 $177,950 (7.9%) $245,719 (8.8%) 0.00 106
2021-09-01 $174,404 (7.0%) $241,338 (9.3%) 0.00 109
2021-10-01 $178,288 (17.6%) $246,377 (11.3%) 0.00 113
2021-11-01 $176,125 (7.7%) $249,547 (7.9%) 0.00 100
2021-12-01 $183,250 (11.1%) $251,952 (4.9%) 0.00 93
2022-01-01 $185,000 (16.2%) $278,925 (15.9%) 0.00 73
2022-02-01 $159,000 (-4.3%) $274,942 (18.2%) 0.00 73
2022-03-01 $162,725 (-2.5%) $286,126 (18.1%) 0.00 72
2022-04-01 $230,000 (21.1%) $304,493 (15.2%) 0.00 72
2022-05-01 $206,639 (19.8%) $296,731 (18.4%) 0.00 87
2022-06-01 $213,721 (23.6%) $301,758 (23.4%) 0.00 90
2022-07-01 $219,900 (15.8%) $281,979 (10.5%) 0.00 118
2022-08-01 $224,999 (26.4%) $285,237 (16.1%) 0.00 122
2022-09-01 $209,950 (20.4%) $279,215 (15.7%) 0.00 120
2022-10-01 $215,000 (20.6%) $282,030 (14.5%) 0.00 114
2022-11-01 $210,950 (19.8%) $269,780 (8.1%) 0.00 129
2022-12-01 $228,900 (24.9%) $297,028 (17.9%) 0.00 128
2023-01-01 $244,450 (32.1%) $297,529 (6.7%) 0.00 96
2023-02-01 $245,500 (54.4%) $328,358 (19.4%) 0.00 92
2023-03-01 $249,950 (53.6%) $332,067 (16.1%) 0.00 97
2023-04-01 $265,000 (15.2%) $362,042 (18.9%) 0.00 100
2023-05-01 $275,000 (33.1%) $369,493 (24.5%) 0.00 110
2023-06-01 $249,450 (16.7%) $351,580 (16.5%) 0.00 113
2023-07-01 $250,000 (13.7%) $339,976 (20.6%) 0.00 121
2023-08-01 $236,150 (5.0%) $335,722 (17.7%) 0.00 133
2023-09-01 $241,250 (14.9%) $331,374 (18.7%) 0.00 148
2023-10-01 $224,836 (4.6%) $318,701 (13.0%) 0.00 145
2023-11-01 $225,000 (6.7%) $314,342 (16.5%) 0.00 153
2023-12-01 $229,900 (0.4%) $313,979 (5.7%) 0.00 156
2024-01-01 $229,950 (-5.9%) $312,996 (5.2%) 0.00 145
2024-02-01 $232,766 (-5.2%) $325,579 (-0.9%) 0.00 140
2024-03-01 $232,250 (-7.1%) $325,092 (-2.1%) 0.00 151
2024-04-01 $232,900 (-12.1%) $326,998 (-9.7%) 0.00 163
2024-05-01 $240,225 (-12.7%) $327,497 (-11.4%) 0.00 169
2024-06-01 $248,000 (-0.6%) $337,011 (-4.1%) 0.00 168
2024-07-01 $249,500 (-0.2%) $334,401 (-1.6%) 0.00 186
2024-08-01 $249,000 (5.4%) $325,626 (-3.0%) 0.00 192
2024-09-01 $222,400 (-7.8%) $309,092 (-6.7%) 0.00 200
2024-10-01 $227,400 (1.1%) $294,056 (-7.7%) 0.00 208
Searcy's median listing price for 2024-10-01 was $227,400, a difference of $2,564 (1.1%) versus the prior year and $5,000 versus the prior month.

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

Searcy's average listing price for 2024-10-01 was $294,056, a difference of $-24,645 (-7.7%) versus the prior year and $-15,036 versus the prior month.

For the 2024-10-01 period, Searcy had 208 MLS listings, a difference of 8 listings (4%) versus the prior month and 63 listings (43%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Searcy (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,625 sqft
2018-02-01 0 days 1,637 sqft
2018-03-01 0 days 1,730 sqft
2018-04-01 0 days 1,788 sqft
2018-05-01 0 days 1,786 sqft
2018-06-01 0 days 1,764 sqft
2018-07-01 0 days 1,765 sqft
2018-08-01 0 days 1,734 sqft
2018-09-01 0 days 1,748 sqft
2018-10-01 0 days 1,706 sqft
2018-11-01 0 days 1,690 sqft
2018-12-01 0 days 1,654 sqft
2019-01-01 0 days 1,664 sqft
2019-02-01 0 days 1,728 sqft
2019-03-01 0 days 1,795 sqft
2019-04-01 0 days 1,840 sqft
2019-05-01 0 days 1,874 sqft
2019-06-01 0 days 1,816 sqft
2019-07-01 0 days 1,832 sqft
2019-08-01 0 days 1,835 sqft
2019-09-01 0 days 1,830 sqft
2019-10-01 0 days 1,829 sqft
2019-11-01 0 days 1,804 sqft
2019-12-01 0 days 1,804 sqft
2020-01-01 0 days 1,801 sqft
2020-02-01 0 days 1,801 sqft
2020-03-01 0 days 1,781 sqft
2020-04-01 0 days 1,804 sqft
2020-05-01 0 days 1,815 sqft
2020-06-01 0 days 1,821 sqft
2020-07-01 0 days 1,906 sqft
2020-08-01 0 days 1,934 sqft
2020-09-01 0 days 1,877 sqft
2020-10-01 0 days 1,848 sqft
2020-11-01 0 days 1,941 sqft
2020-12-01 0 days 1,944 sqft
2021-01-01 0 days 1,814 sqft
2021-02-01 0 days 1,826 sqft
2021-03-01 0 days 1,839 sqft
2021-04-01 0 days 1,827 sqft
2021-05-01 0 days 1,710 sqft
2021-06-01 0 days 1,840 sqft
2021-07-01 0 days 1,914 sqft
2021-08-01 0 days 1,862 sqft
2021-09-01 0 days 1,867 sqft
2021-10-01 0 days 1,866 sqft
2021-11-01 0 days 1,851 sqft
2021-12-01 0 days 1,851 sqft
2022-01-01 0 days 1,900 sqft
2022-02-01 0 days 1,761 sqft
2022-03-01 0 days 1,754 sqft
2022-04-01 0 days 1,892 sqft
2022-05-01 0 days 1,778 sqft
2022-06-01 0 days 1,818 sqft
2022-07-01 0 days 1,752 sqft
2022-08-01 0 days 1,773 sqft
2022-09-01 0 days 1,772 sqft
2022-10-01 0 days 1,779 sqft
2022-11-01 0 days 1,787 sqft
2022-12-01 0 days 1,800 sqft
2023-01-01 0 days 1,898 sqft
2023-02-01 0 days 1,999 sqft
2023-03-01 0 days 2,028 sqft
2023-04-01 0 days 1,925 sqft
2023-05-01 0 days 1,910 sqft
2023-06-01 0 days 1,885 sqft
2023-07-01 0 days 1,903 sqft
2023-08-01 0 days 1,873 sqft
2023-09-01 0 days 1,905 sqft
2023-10-01 0 days 1,850 sqft
2023-11-01 0 days 1,820 sqft
2023-12-01 0 days 1,818 sqft
2024-01-01 0 days 1,776 sqft
2024-02-01 0 days 1,829 sqft
2024-03-01 0 days 1,800 sqft
2024-04-01 0 days 1,736 sqft
2024-05-01 0 days 1,789 sqft
2024-06-01 0 days 1,861 sqft
2024-07-01 0 days 1,815 sqft
2024-08-01 0 days 1,800 sqft
2024-09-01 0 days 1,754 sqft
2024-10-01 0 days 1,731 sqft
Searcy's median listing age (time on market) for 2024-10-01 was 0 days.

Searcy's median square footage for active listings during the 2024-10-01 period was 1,731 sqft. One year prior, the average listing was 1,850 sqft.