Searcy USDA Loan Rates, Closing Costs & Stats

Searcy, 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.

    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 0.18% for the week of 2024-11-15, 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 (2024-11-08) was 6.64% and one month ago for the week of 2024-10-11, the average rate was 6.2%.

    The average rate one year ago was 7.53%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    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.