Camden Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Camden averaged
6.97%
for the week of 2024-07-18, compared to the national average of
6.77% for the same period.
The average rate for the prior week (2024-07-11) was
7.09% and
one month ago for the week of 2024-06-13, the
average rate was 7.15%.
Camden's average rate one year ago was 6.76%.
For refis of the same type during the week of 2024-07-18, the average rate
was 6.87%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-07-18 | 6.77% |
| Camden 30 Year Fixed Rate | 2024-07-18 | 6.97% |
| Camden 30 Year Fixed Rate Refi | 2024-07-18 | 6.87% |
| Camden 15 Year Fixed Rate | 2024-07-18 | 5.95% |
| Camden 15 Year Fixed Rate Refi | 2024-07-18 | 6.25% |
| Camden 30 Year FHA | 2024-07-18 | 6.79% |
| Camden 30 Year FHA Refi | 2024-07-18 | 6.69% |
| Camden 30 Year USDA | 2024-07-18 | 6.53% |
| Camden 30 Year USDA Refi | 2024-07-18 | 6.63% |
| Camden 30 Year VA | 2024-07-18 | 6.5% |
| Camden 30 Year VA Refi | 2024-07-18 | 6.1% |
Camden Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Camden, AR market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FirstTrust Home Loans, Inc. | 11 | 7.17% | $4,869 |
| QUICKEN LOANS, LLC | 10 | 7.12% | $4,312 |
| EVERETT FINANCIAL, INC. | 4 | 6.94% | $5,018 |
| Generations Bank | 3 | 6.88% | $3,764 |
| Regions Bank | 2 | 6.94% | $2,978 |
| BancorpSouth | 2 | 7.13% | $4,354 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.96% | $5,821 |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 1 | 6.99% | $6,194 |
| Mortgage Research Center, LLC | 1 | 6.99% | $1,213 |
| NAVY FEDERAL CREDIT UNION | 1 | 6.63% | $3,582 |
| NBKC BANK | 1 | 5.99% | $3,175 |
| PHH Mortgage Corporation | 1 | 5.75% | $10,002 |
| PREMIA MORTGAGE, LLC | 1 | 6.33% | $3,474 |
| SIRVA MORTGAGE, INC. | 1 | 6.75% | $3,411 |
| AMERISAVE MORTGAGE CORPORATION | 1 | 7.13% | $7,820 |
| U.S. Bank | 1 | 7.50% | $2,805 |
| ARKANSAS Federal Credit Union | 1 | 5.63% | $2,870 |
| Bank of America | 1 | 6.88% | $2,465 |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | 1 | 6.88% | $4,525 |
| Farm Credit Services of Western Arkansas, ACA | 1 | 7.45% | $8,285 |
| First Community Bank | 1 | 8.11% | $1,775 |
| First Financial Bank | 1 | 7.25% | $1,547 |
Camden Average Closing Costs & Other Stats
Camden, AR's 22 lenders originated 331
loans during 2023. The total origination value was $43,285,000, with an average loan value of
$130,770.
Camden's average closing costs are $4,181.
The top Camden lender as defined by loan originations is FirstTrust Home Loans, Inc., with
11 loans originated. Their average total fees are
$4,869, which is $557
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Camden lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC ($4,312), FirstTrust Home Loans, Inc. ($4,869), .
The lowest rate Camden lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (7.12%), FirstTrust Home Loans, Inc. (7.17%), .
Camden, AR Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| FirstTrust Home Loans, Inc. | $7,720,000 | $7,300,000 | -5.4% | 16.9% |
| EVERETT FINANCIAL, INC. | $3,410,000 | $4,615,000 | 35.3% | 10.7% |
| QUICKEN LOANS, LLC | $6,085,000 | $4,245,000 | -30.2% | 9.8% |
| Farmers Bank & Trust Company | $4,100,000 | $3,770,000 | -8.0% | 8.7% |
| Mortgage Research Center, LLC | $1,195,000 | $2,450,000 | 105.0% | 5.7% |
| BancorpSouth | $3,080,000 | $1,980,000 | -35.7% | 4.6% |
| Generations Bank | $2,945,000 | $1,400,000 | -52.5% | 3.2% |
| NAVY FEDERAL CREDIT UNION | $585,000 | $1,330,000 | 127.4% | 3.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $610,000 | $1,155,000 | 89.3% | 2.7% |
| Gateway Bank | $935,000 | n/a | 2.2% | |
| CIS Financial Services, Inc. | $95,000 | $930,000 | 878.9% | 2.1% |
| FBT Bank & Mortgage | $865,000 | n/a | 2.0% | |
| The Citizens Bank | $685,000 | n/a | 1.6% | |
| Farm Credit Services of Western Arkansas, ACA | $895,000 | $590,000 | -34.1% | 1.4% |
| Southern Bancorp Bank | $265,000 | $570,000 | 115.1% | 1.3% |
| SIRVA MORTGAGE, INC. | $515,000 | n/a | 1.2% | |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | $585,000 | $480,000 | -17.9% | 1.1% |
| U.S. Bank | $290,000 | $435,000 | 50.0% | 1.0% |
| First Community Bank | $270,000 | $380,000 | 40.7% | 0.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $340,000 | $350,000 | 2.9% | 0.8% |
| First National Bank of North Arkansas | $335,000 | n/a | 0.8% | |
| COUNTRYPLACE MORTGAGE, LTD. | $440,000 | $315,000 | -28.4% | 0.7% |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $295,000 | n/a | 0.7% | |
| TRIAD FINANCIAL SERVICES, INC. | $470,000 | $295,000 | -37.2% | 0.7% |
| 21ST MORTGAGE CORPORATION | $810,000 | $290,000 | -64.2% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $640,000 | $285,000 | -55.5% | 0.7% |
| USAA Federal Savings Bank | $285,000 | n/a | 0.7% | |
| JPMorgan Chase Bank | $145,000 | $255,000 | 75.9% | 0.6% |
| ARKANSAS Federal Credit Union | $15,000 | $245,000 | 1,533.3% | 0.6% |
| CORNERSTONE HOME LENDING, INC. | $240,000 | n/a | 0.6% | |
| NEW DAY FINANCIAL, LLC | $470,000 | $235,000 | -50.0% | 0.5% |
| PHH Mortgage Corporation | $235,000 | n/a | 0.5% | |
| Regions Bank | $35,000 | $235,000 | 571.4% | 0.5% |
| AMCAP MORTGAGE, LTD. | $95,000 | $205,000 | 115.8% | 0.5% |
| PREMIA MORTGAGE, LLC | $1,810,000 | $205,000 | -88.7% | 0.5% |
| TOP FLITE FINANCIAL, INC. | $195,000 | n/a | 0.5% | |
| Century Mortgage Company DBA Century Lending Company | $185,000 | n/a | 0.4% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $185,000 | n/a | 0.4% | |
| Bank of America | $175,000 | n/a | 0.4% | |
| GMFS LLC | $175,000 | n/a | 0.4% | |
| NBKC BANK | $175,000 | n/a | 0.4% | |
| SUN WEST MORTGAGE COMPANY, INC. | $175,000 | n/a | 0.4% | |
| Simmons Bank | $170,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $580,000 | $155,000 | -73.3% | 0.4% |
| CARDINAL FINANCIAL | $155,000 | n/a | 0.4% | |
| First Horizon Bank | $155,000 | n/a | 0.4% | |
| SUPERIOR CHOICE | $155,000 | n/a | 0.4% | |
| Carrington Mortgage Services, LLC | $415,000 | $135,000 | -67.5% | 0.3% |
| PILGRIM MORTGAGE LLC | $135,000 | n/a | 0.3% | |
| NFM, INC. | $125,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $125,000 | n/a | 0.3% | |
| BROKER SOLUTIONS, INC. | $320,000 | $105,000 | -67.2% | 0.2% |
| Figure Lending LLC | $15,000 | $100,000 | 566.7% | 0.2% |
| THRIVE MORTGAGE, LLC | $95,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $775,000 | $85,000 | -89.0% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $85,000 | n/a | 0.2% | |
| First Financial Bank | $270,000 | $70,000 | -74.1% | 0.2% |
| Farmers Bank & Trust | $65,000 | n/a | 0.2% | |
| Wells Fargo Bank | $470,000 | $65,000 | -86.2% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $55,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $55,000 | n/a | 0.1% | |
| Relyance Bank | $35,000 | n/a | 0.1% | |
| 93 | $25,000 | n/a | 0.1% | |
| Coastal Community Bank | $15,000 | n/a | 0.0% |
Camden's top lender by overall market share is FirstTrust Home Loans, Inc., with 16.9% market share. In second place, with 10.7%, is EVERETT FINANCIAL, INC., having originated $4,615,000 in loans. In third place, with 9.8%, is QUICKEN LOANS, LLC, having originated $4,245,000 in loans. In fourth place, with 8.7%, is Farmers Bank & Trust Company, having originated $3,770,000 in loans. In fifth place, with 5.7%, is Mortgage Research Center, LLC, having originated $2,450,000 in loans.
Camden, AR Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 232 | $33,840,000 | $145,862 |
| Cash Out Refi | 36 | $4,710,000 | $130,833 |
| Refi | 31 | $3,005,000 | $96,935 |
| Home Improvement | 17 | $935,000 | $55,000 |
| Other | 15 | $795,000 | $53,000 |
Camden's most frequently cited loan purpose was Home Purchase, with 232 originations. The 2nd most popular reason was Cash Out Refi, with 36 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 7-8% | 98 | $13,360,000 | $136,327 |
| 6-7% | 90 | $14,570,000 | $161,889 |
| Over 8% | 85 | $8,475,000 | $99,706 |
| 5-6% | 27 | $4,345,000 | $160,926 |
| <2.5% | 1 | $5,000 | $5,000 |
During 2023, Camden's most frequently originated rate bucket was 7-8%, with 98 originations.
Loan Sizing (Camden, AR MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 155 | $8,115,000 | $52,355 |
| $100k-200k | 121 | $17,935,000 | $148,223 |
| $200k-400k | 48 | $12,640,000 | $263,333 |
| $400k-600k | 3 | $1,355,000 | $451,667 |
| $600k-1000k | 3 | $2,185,000 | $728,333 |
| $Over $1MM | 1 | $1,055,000 | $1,055,000 |
Camden's loan sizing saw the bucket of loans from $100,000 or less with 155 originations, totaling $8,115,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 171 | $27,995,000 | $163,713 |
| 60-80% | 54 | $6,750,000 | $125,000 |
| 40-60% | 26 | $3,070,000 | $118,077 |
| 20-40% | 20 | $1,020,000 | $51,000 |
| Under 20% | 20 | $690,000 | $34,500 |
| Over 100% | 8 | $1,150,000 | $143,750 |
Camden's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 171 originations, totaling $27,995,000 in origination value.