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 6.51% for the week of 2024-07-19, compared to the national average (all USDA variants) of 6.628% for the same period.

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

The average rate for the prior week (2024-07-12) was 6.43% and one month ago for the week of 2024-06-14, the average rate was 6.67%.

The average rate one year ago was 6.82%.

For refis of the same type during the week of 2024-07-19, the average rate was 6.63%.

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%), .