FORT SMITH Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Fort Smith averaged 6.64% for the week of 2024-12-12, compared to the national average of 6.6% for the same period.

The average rate for the prior week (2024-12-05) was 6.63% and one month ago for the week of 2024-11-07, the average rate was 6.63%.

Fort Smith's average rate one year ago was 7.17%.

For refis of the same type during the week of 2024-12-12, the average rate was 6.79%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-12-12 6.6%
Fort Smith 30 Year Fixed Rate 2024-12-12 6.64%
Fort Smith 30 Year Fixed Rate Refi 2024-12-12 6.79%
Fort Smith 15 Year Fixed Rate 2024-12-12 6.53%
Fort Smith 15 Year Fixed Rate Refi 2024-12-12 6.34%
Fort Smith 30 Year FHA 2024-12-12 6.1%
Fort Smith 30 Year FHA Refi 2024-12-12 6.18%
Fort Smith 30 Year USDA 2024-12-12 6%
Fort Smith 30 Year USDA Refi 2024-12-12 6.3%
Fort Smith 30 Year VA 2024-12-12 6.29%
Fort Smith 30 Year VA Refi 2024-12-12 6.28%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within FORT SMITH, AR-OK.

FORT SMITH 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 FORT SMITH, AR-OK 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
Arvest Bank 180 6.63% $3,801
Firstar Bank 151 6.45% $4,448
QUICKEN LOANS, LLC 75 6.93% $5,862
BancorpSouth 56 6.69% $3,594
First Financial Bank 54 6.58% $4,663
The First National Bank of Fort Smith 49 6.89% $3,026
Armstrong Bank 38 7.09% $4,832
UNITED 35 6.93% $3,118
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 33 6.90% $5,082
Bank of England 31 6.59% $3,150
Centennial Bank 26 6.64% $3,724
FIRST WESTERN MORTGAGE, INC. 23 6.66% $3,779
Regions Bank 22 7.05% $3,742
SWBC MORTGAGE CORPORATION 22 6.55% $4,889
Farm Credit Services of Western Arkansas, ACA 17 7.29% $6,159
ARKANSAS Federal Credit Union 16 6.38% $4,056
Gateway First Bank 16 6.61% $3,848
Chambers Bank 15 6.63% $4,750
JPMorgan Chase Bank 11 6.74% $4,460
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 7.35% $5,630
FLAT BRANCH MORTGAGE, INC. 10 6.80% $3,835
Wells Fargo Bank 8 6.56% $4,975
First Security Bank 8 6.38% $4,537
FirstTrust Home Loans, Inc. 8 6.84% $3,004
Simmons Bank 7 7.04% $3,387
U.S. Bank 7 6.78% $2,921
USAA Federal Savings Bank 6 6.48% $3,738
UNITED WHOLESALE MORTGAGE, LLC 5 6.72% $6,174
Mr. Cooper ( Nationstar Mortgage ) 5 6.89% $7,282
LEADERONE FINANCIAL CORPORATION 5 6.65% $4,845
BOKF 5 6.93% $3,302
Mortgage Research Center, LLC 5 6.38% $3,988
Bank OZK 5 6.68% $2,431
NAVY FEDERAL CREDIT UNION 5 7.45% $2,695
Flagstar Bank, FSB 4 7.09% $5,447
LOANDEPOT.COM, LLC 4 7.50% $5,290
ON Q FINANCIAL, INC. 4 7.62% $6,439
Priority Bank 4 6.88% $4,639
Generations Bank 4 6.56% $2,360
Sierra Pacific Mortgage Company, Inc. 4 7.03% $5,443
BETTER MORTGAGE CORPORATION 4 6.03% $3,882
The Central Trust Bank 3 7.46% $3,110
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.67% $5,175
Bank of America 3 6.46% $2,772
Citizens Bank 3 6.46% $6,294
CROSSCOUNTRY MORTGAGE, LLC 3 7.61% $3,532
KELLER MORTGAGE, LLC 3 6.00% $3,559
MUTUAL OF OMAHA MORTGAGE, INC. 3 6.50% $4,377
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.58% $5,119
21ST MORTGAGE CORPORATION 3 7.95% $5,644
UNION HOME MORTGAGE CORP. 3 6.63% $5,843
LENDSURE MORTGAGE CORP. 2 8.12% $8,905
PENNYMAC LOAN SERVICES, LLC 2 6.69% $7,455
Eagle Bank and Trust Company 2 6.38% $4,164
Discover Bank 2 6.62% $0
FREEDOM MORTGAGE CORPORATION 2 7.50% $7,725
MORTGAGE FINANCIAL SERVICES, LLC 2 7.12% $4,968
TTCU Federal Credit Union 2 6.38% $4,510
Ally Bank 2 7.50% $4,297
CORNERSTONE HOME LENDING, INC. 2 6.93% $9,424
United Fidelity Funding Corp. 2 6.44% $12,210
MORTGAGE SOLUTIONS LLC 2 6.81% $3,546
AMERICAN FINANCIAL NETWORK, INC. 2 6.69% $4,153
Stifel Bank and Trust 2 5.50% $2,001
STOCKTON MORTGAGE CORPORATION 2 7.44% $5,901
First United Bank and Trust Company 2 7.50% $9,609
EVERETT FINANCIAL, INC. 2 7.38% $2,875
BROKER SOLUTIONS, INC. 2 6.88% $4,828
Neighborhood Loans, Inc. 1 6.88% $5,941
NEWREZ LLC 1 7.63% $5,718
Old National Bank 1 6.75% $4,029
OMNI Community Credit Union 1 7.63% $1,976
CITIZENS EQUITY FIRST 1 5.63% $4,400
OPEN MORTGAGE, LLC 1 6.38% $6,666
PENTAGON FEDERAL CREDIT UNION 1 7.13% $4,659
PHH Mortgage Corporation 1 7.50% $5,997
PINE BLUFF COTTON BELT Federal Credit Union 1 7.32% $3,518
Plains Commerce Bank 1 7.25% $5,690
PNC Bank 1 6.75% $4,319
PREMIER MORTGAGE RESOURCES, L.L.C. 1 8.50% $4,245
AgHeritage Farm Credit Services FLCA 1 7.05% $8,475
Citadel Servicing Corporation 1 7.88% $11,153
CHURCHILL MORTGAGE CORPORATION 1 6.88% $5,294
Raymond James Bank 1 7.00% $1,708
Chickasaw Community Bank 1 5.88% $5,921
RELIANCE FIRST CAPITAL, LLC 1 5.99% $23,483
RESIDENTIAL BANCORP 1 6.63% $7,316
ROYAL UNITED MORTGAGE LLC 1 7.50% $9,981
SFMC, LP 1 5.99% $9,118
CANOPY MORTGAGE, LLC 1 4.99% $11,469
CALCON MUTUAL MORTGAGE LLC 1 7.00% $8,018
SUN WEST MORTGAGE COMPANY, INC. 1 7.50% $5,460
TELCOE FEDERAL CREDIT UNION 1 7.38% $5,018
Willamette Valley Bank 1 7.00% $2,990
AMERISAVE MORTGAGE CORPORATION 1 5.75% $27,372
The Huntington National Bank 1 8.13% $3,793
TRIAD FINANCIAL SERVICES, INC. 1 8.50% $7,512
Truity Federal Credit Union 1 5.88% $4,953
ZILLOW HOME LOANS, LLC 1 5.88% $6,709
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $5,029
AMERICAN FINANCING CORPORATION 1 7.88% $6,385
First Savings Bank 1 7.63% $6,502
First Horizon Bank 1 5.38% $7,785
Fidelity Bank 1 7.13% $3,264
Flanagan State Bank 1 8.38% $4,327
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION 1 6.88% $3,617
Farmers Bank & Trust 1 6.50% $4,149
GARDNER FINANCIAL SERVICES, LTD. 1 6.50% $6,363
GENEVA FINANCIAL, LLC 1 6.25% $4,884
GERSHMAN INVESTMENT CORP. 1 5.63% $2,339
GUARANTEED RATE, INC. 1 7.38% $6,903
DELMAR FINANCIAL COMPANY 1 6.75% $3,245
DATA MORTGAGE, INC. 1 6.13% $7,272
DAS Acquisition Company, LLC 1 8.38% $8,793
LOANPAL, LLC 1 6.50% $6,777
MORIA DEVELOPMENT, INC. 1 7.50% $4,437
MORTGAGE INVESTORS GROUP, INC. 1 6.63% $2,624
MOVEMENT MORTGAGE, LLC 1 6.06% $2,612
COMMUNITYAMERICA 1 5.88% $3,362
Waterstone Mortgage Corporation 1 7.88% $9,676
Commerce Bank 1 6.38% $3,411
NBKC BANK 1 7.25% $2,081

FORT SMITH Average Closing Costs & Other Stats

FORT SMITH, AR-OK's 122 lenders originated 4,117 loans during 2023. The total origination value was $682,235,000, with an average loan value of $165,712.

FORT SMITH's average closing costs are $4,200.

The top FORT SMITH lender as defined by loan originations is Arvest Bank, with 180 loans originated. Their average total fees are $3,801, which is $647 lower than the next largest lender, Firstar Bank.

The lowest fee FORT SMITH lenders (with over 10 loans originated) are The First National Bank of Fort Smith ($3,026), UNITED ($3,118), Bank of England ($3,150), BancorpSouth ($3,594) and Centennial Bank ($3,724).

The lowest rate FORT SMITH lenders (with over 10 loans originated) are ARKANSAS Federal Credit Union (6.38%), Firstar Bank (6.45%), SWBC MORTGAGE CORPORATION (6.55%), First Financial Bank (6.58%) and Bank of England (6.59%).

FORT SMITH, AR-OK 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
Firstar Bank $108,370,000 $97,745,000 -9.8% 14.3%
Arvest Bank $150,765,000 $75,025,000 -50.2% 11.0%
QUICKEN LOANS, LLC $50,775,000 $32,300,000 -36.4% 4.7%
Armstrong Bank $49,805,000 $27,120,000 -45.5% 4.0%
The First National Bank of Fort Smith $80,690,000 $25,615,000 -68.3% 3.8%
BancorpSouth $36,195,000 $25,345,000 -30.0% 3.7%
First Financial Bank $20,460,000 $21,055,000 2.9% 3.1%
Citizens' Bank & Trust Co. $27,740,000 $20,475,000 -26.2% 3.0%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $10,100,000 $18,655,000 84.7% 2.7%
Mortgage Research Center, LLC $21,950,000 $18,055,000 -17.7% 2.6%
UNITED $27,545,000 $15,855,000 -42.4% 2.3%
Chambers Bank $18,765,000 $15,785,000 -15.9% 2.3%
Bank of England $18,665,000 $14,075,000 -24.6% 2.1%
SWBC MORTGAGE CORPORATION $14,680,000 $12,185,000 -17.0% 1.8%
Farmers Bank $24,110,000 $10,290,000 -57.3% 1.5%
ARKANSAS Federal Credit Union $9,720,000 $9,150,000 -5.9% 1.3%
FIRST WESTERN MORTGAGE, INC. $9,175,000 $9,060,000 -1.3% 1.3%
Centennial Bank $7,515,000 $8,600,000 14.4% 1.3%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $16,305,000 $8,560,000 -47.5% 1.3%
Regions Bank $11,545,000 $8,285,000 -28.2% 1.2%
Farm Credit Services of Western Arkansas, ACA $5,255,000 $7,475,000 42.2% 1.1%
First Community Bank $1,360,000 $7,200,000 429.4% 1.1%
Gateway First Bank $9,320,000 $6,445,000 -30.8% 0.9%
FLAT BRANCH MORTGAGE, INC. $5,225,000 $6,115,000 17.0% 0.9%
USAA Federal Savings Bank $4,570,000 $6,020,000 31.7% 0.9%
First Security Bank $7,430,000 $5,895,000 -20.7% 0.9%
U.S. Bank $16,230,000 $5,525,000 -66.0% 0.8%
Simmons Bank $15,710,000 $5,515,000 -64.9% 0.8%
UNITED WHOLESALE MORTGAGE, LLC $5,905,000 $4,665,000 -21.0% 0.7%
First Western Bank $7,315,000 $4,265,000 -41.7% 0.6%
Flagstar Bank, FSB $2,505,000 $4,065,000 62.3% 0.6%
NAVY FEDERAL CREDIT UNION $6,245,000 $3,945,000 -36.8% 0.6%
ON Q FINANCIAL, INC. $3,615,000 n/a 0.5%
Generations Bank $9,160,000 $3,450,000 -62.3% 0.5%
FREEDOM MORTGAGE CORPORATION $5,830,000 $3,370,000 -42.2% 0.5%
FirstTrust Home Loans, Inc. $4,535,000 $3,325,000 -26.7% 0.5%
PENNYMAC LOAN SERVICES, LLC $5,935,000 $3,290,000 -44.6% 0.5%
EVERETT FINANCIAL, INC. $7,945,000 $3,230,000 -59.3% 0.5%
Priority Bank $9,275,000 $3,035,000 -67.3% 0.4%
Eagle Bank and Trust Company $1,945,000 $2,965,000 52.4% 0.4%
LEADERONE FINANCIAL CORPORATION $3,440,000 $2,965,000 -13.8% 0.4%
Bank OZK $9,705,000 $2,955,000 -69.6% 0.4%
JPMorgan Chase Bank $2,500,000 $2,910,000 16.4% 0.4%
Wells Fargo Bank $5,880,000 $2,910,000 -50.5% 0.4%
21ST MORTGAGE CORPORATION $5,005,000 $2,890,000 -42.3% 0.4%
TRIAD FINANCIAL SERVICES, INC. $2,120,000 $2,845,000 34.2% 0.4%
Sierra Pacific Mortgage Company, Inc. $55,000 $2,680,000 4,772.7% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $7,185,000 $2,540,000 -64.6% 0.4%
ORIX REAL ESTATE CAPITAL, LLC $2,525,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $4,585,000 $2,500,000 -45.5% 0.4%
LOANDEPOT.COM, LLC $7,280,000 $2,000,000 -72.5% 0.3%
Bank of America $3,495,000 $1,965,000 -43.8% 0.3%
MID AMERICA MORTGAGE, INC. $3,915,000 $1,830,000 -53.3% 0.3%
Discover Bank $600,000 $1,755,000 192.5% 0.3%
BOKF $1,040,000 $1,715,000 64.9% 0.3%
MORTGAGE SOLUTIONS OF COLORADO, LLC $1,775,000 $1,665,000 -6.2% 0.2%
Signature Bank of Arkansas $205,000 $1,565,000 663.4% 0.2%
NEWREZ LLC $1,870,000 $1,515,000 -19.0% 0.2%
PRIMELENDING, A PLAINSCAPITAL COMPANY $8,055,000 $1,490,000 -81.5% 0.2%
NEW DAY FINANCIAL, LLC $4,830,000 $1,400,000 -71.0% 0.2%
CROSSCOUNTRY MORTGAGE, LLC $250,000 $1,365,000 446.0% 0.2%
OPEN MORTGAGE, LLC $1,170,000 $1,360,000 16.2% 0.2%
STOCKTON MORTGAGE CORPORATION $290,000 $1,270,000 337.9% 0.2%
The Central Trust Bank $155,000 $1,265,000 716.1% 0.2%
CORNERSTONE HOME LENDING, INC. $680,000 $1,255,000 84.6% 0.2%
UNION HOME MORTGAGE CORP. $265,000 $1,220,000 360.4% 0.2%
LOANPAL, LLC $1,785,000 $1,195,000 -33.1% 0.2%
RELIANCE FIRST CAPITAL, LLC $1,155,000 n/a 0.2%
BancFirst $860,000 $1,100,000 27.9% 0.2%
Chickasaw Community Bank $4,805,000 $1,085,000 -77.4% 0.2%
VANDERBILT MORTGAGE AND FINANCE, INC. $1,955,000 $1,080,000 -44.8% 0.2%
Barrington Bank & Trust Company, N.A. $1,690,000 $1,070,000 -36.7% 0.2%
United Bank $1,160,000 $1,050,000 -9.5% 0.2%
Carrington Mortgage Services, LLC $2,435,000 $1,020,000 -58.1% 0.1%
Citizens Bank $1,400,000 $970,000 -30.7% 0.1%
TTCU Federal Credit Union $895,000 n/a 0.1%
VILLAGE CAPITAL MORTGAGE $1,545,000 $890,000 -42.4% 0.1%
TOP FLITE FINANCIAL, INC. $880,000 n/a 0.1%
CrossFirst Bank $855,000 n/a 0.1%
PNC Bank $695,000 $850,000 22.3% 0.1%
Coastal Community Bank $835,000 n/a 0.1%
MORTGAGE FINANCIAL SERVICES, LLC $335,000 $825,000 146.3% 0.1%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $620,000 $790,000 27.4% 0.1%
GERSHMAN INVESTMENT CORP. $1,025,000 $785,000 -23.4% 0.1%
Ally Bank $660,000 $735,000 11.4% 0.1%
BETTER MORTGAGE CORPORATION $1,420,000 $720,000 -49.3% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $695,000 $720,000 3.6% 0.1%
First Bank & Trust Co. $685,000 n/a 0.1%
Patriot Bank $665,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $660,000 n/a 0.1%
BROKER SOLUTIONS, INC. $4,330,000 $660,000 -84.8% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $560,000 $645,000 15.2% 0.1%
United Fidelity Funding Corp. $500,000 $635,000 27.0% 0.1%
CSL Financial, LLC $925,000 $620,000 -33.0% 0.1%
Figure Lending LLC $615,000 $620,000 0.8% 0.1%
SOUTHWEST STAGE FUNDING, LLC $750,000 $605,000 -19.3% 0.1%
ROYAL UNITED MORTGAGE LLC $720,000 $600,000 -16.7% 0.1%
AgHeritage Farm Credit Services FLCA $585,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,250,000 $575,000 -54.0% 0.1%
Stifel Bank and Trust $540,000 n/a 0.1%
Truity Federal Credit Union $535,000 n/a 0.1%
First State Bank $515,000 n/a 0.1%
COMMUNITYAMERICA $505,000 n/a 0.1%
First Horizon Bank $1,065,000 $500,000 -53.1% 0.1%
Grand Savings Bank $8,715,000 $475,000 -94.5% 0.1%
FIRST COMMUNITY MORTGAGE, INC. $430,000 $460,000 7.0% 0.1%
KELLER MORTGAGE, LLC $690,000 $455,000 -34.1% 0.1%
Plains Commerce Bank $835,000 $455,000 -45.5% 0.1%
CITIZENS EQUITY FIRST $445,000 n/a 0.1%
First Federal Bank $445,000 n/a 0.1%
ASSOCIATED MORTGAGE CORPORATION $370,000 $435,000 17.6% 0.1%
CARDINAL FINANCIAL $1,040,000 $435,000 -58.2% 0.1%
Raymond James Bank $135,000 $435,000 222.2% 0.1%
First Savings Bank $430,000 n/a 0.1%
TELCOE FEDERAL CREDIT UNION $420,000 n/a 0.1%
Independent Bank $415,000 n/a 0.1%
Waterstone Mortgage Corporation $420,000 $415,000 -1.2% 0.1%
CANOPY MORTGAGE, LLC $410,000 n/a 0.1%
First United Bank and Trust Company $2,060,000 $410,000 -80.1% 0.1%
OCMBC, INC. $410,000 n/a 0.1%
ENCORE BANK $5,930,000 $385,000 -93.5% 0.1%
Citadel Servicing Corporation $175,000 $375,000 114.3% 0.1%
Commerce Bank $375,000 n/a 0.1%
GUILD MORTGAGE COMPANY $1,445,000 $375,000 -74.0% 0.1%
AMERICAN FINANCIAL RESOURCES, INC. $165,000 $370,000 124.2% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $285,000 $370,000 29.8% 0.1%
AXIA FINANCIAL, LLC $370,000 n/a 0.1%
LENDSURE MORTGAGE CORP. $370,000 n/a 0.1%
SPRING EQ, LLC $180,000 $370,000 105.6% 0.1%
PLAZA HOME MORTGAGE, INC. $355,000 n/a 0.1%
GUARANTEED RATE, INC. $1,645,000 $350,000 -78.7% 0.1%
CHURCHILL MORTGAGE CORPORATION $890,000 $340,000 -61.8% 0.0%
The Huntington National Bank $325,000 n/a 0.0%
Truist $6,310,000 $320,000 -94.9% 0.0%
SENTE MORTGAGE, INC. $150,000 $315,000 110.0% 0.0%
The Federal Savings Bank $990,000 $315,000 -68.2% 0.0%
FINANCE OF AMERICA REVERSE LLC $165,000 $305,000 84.8% 0.0%
GENEVA FINANCIAL, LLC $370,000 $300,000 -18.9% 0.0%
MORTGAGE SOLUTIONS LLC $205,000 $300,000 46.3% 0.0%
Equity Prime Mortgage LLC $295,000 n/a 0.0%
MORTGAGE INVESTORS GROUP, INC. $295,000 n/a 0.0%
The Stock Exchange Bank $295,000 n/a 0.0%
GUARANTEED RATE AFFINITY, LLC $285,000 n/a 0.0%
Legacy National Bank $150,000 $285,000 90.0% 0.0%
MORTGAGE ACCESS CORP. $275,000 $285,000 3.6% 0.0%
Old Missouri Bank $285,000 n/a 0.0%
DEEPHAVEN MORTGAGE LLC $280,000 n/a 0.0%
Great Plains National Bank $415,000 $275,000 -33.7% 0.0%
Great Southern Bank $275,000 n/a 0.0%
NBKC BANK $1,155,000 $275,000 -76.2% 0.0%
PENTAGON FEDERAL CREDIT UNION $815,000 $270,000 -66.9% 0.0%
American Bank of Oklahoma $260,000 $265,000 1.9% 0.0%
AMERICAN FINANCING CORPORATION $905,000 $265,000 -70.7% 0.0%
PLANET HOME LENDING, LLC $85,000 $260,000 205.9% 0.0%
DAS Acquisition Company, LLC $700,000 $255,000 -63.6% 0.0%
Logan Finance Corporation $255,000 n/a 0.0%
CIS Financial Services, Inc. $250,000 n/a 0.0%
CALCON MUTUAL MORTGAGE LLC $245,000 n/a 0.0%
COMMUNITY BANK $245,000 n/a 0.0%
GMFS LLC $1,970,000 $240,000 -87.8% 0.0%
EMBRACE HOME LOANS, INC. $145,000 $235,000 62.1% 0.0%
RESIDENTIAL BANCORP $835,000 $235,000 -71.9% 0.0%
Farmers Bank & Trust $225,000 n/a 0.0%
Neighborhood Loans, Inc. $225,000 n/a 0.0%
POLARIS HOME FUNDING CORP. $340,000 $225,000 -33.8% 0.0%
Leader Bank $220,000 n/a 0.0%
The Farmers & Merchants Bank $220,000 n/a 0.0%
BANK OF LITTLE ROCK MORTGAGE CORPORATION $1,535,000 $215,000 -86.0% 0.0%
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION $215,000 n/a 0.0%
ZILLOW HOME LOANS, LLC $920,000 $215,000 -76.6% 0.0%
CREDIT HUMAN FEDERAL CREDIT UNION $505,000 $205,000 -59.4% 0.0%
American Airlines Federal Credit Union $105,000 $195,000 85.7% 0.0%
BARKSDALE $195,000 n/a 0.0%
CLEARPATH LENDING $235,000 $195,000 -17.0% 0.0%
Colonial Savings, F.A. $115,000 $195,000 69.6% 0.0%
Cornerstone Bank $195,000 n/a 0.0%
NEXERA HOLDING LLC $195,000 n/a 0.0%
NP, Inc. $195,000 n/a 0.0%
Old National Bank $195,000 n/a 0.0%
SFMC, LP $195,000 n/a 0.0%
DELMAR FINANCIAL COMPANY $460,000 $185,000 -59.8% 0.0%
Southern Bank $185,000 n/a 0.0%
Paramount Residential Mortgage Group, Inc. $840,000 $175,000 -79.2% 0.0%
ENDEAVOR CAPITAL, LLC. $415,000 $165,000 -60.2% 0.0%
First National Bank $185,000 $165,000 -10.8% 0.0%
LIBERTY HOME MORTGAGE CORPORATION $165,000 n/a 0.0%
MORIA DEVELOPMENT, INC. $355,000 $155,000 -56.3% 0.0%
Nations Lending Corporation $470,000 $155,000 -67.0% 0.0%
PINE BLUFF COTTON BELT Federal Credit Union $155,000 n/a 0.0%
Fidelity Bank $145,000 n/a 0.0%
Mid-Continent Funding, Inc. $145,000 n/a 0.0%
PHH Mortgage Corporation $370,000 $145,000 -60.8% 0.0%
SUCCESS MORTGAGE PARTNERS, INC. $145,000 n/a 0.0%
Flanagan State Bank $135,000 n/a 0.0%
GARDNER FINANCIAL SERVICES, LTD. $135,000 n/a 0.0%
DATA MORTGAGE, INC. $125,000 n/a 0.0%
PREMIER MORTGAGE RESOURCES, L.L.C. $125,000 n/a 0.0%
Signature Federal Credit Union $125,000 n/a 0.0%
LONGBRIDGE FINANCIAL, LLC $155,000 $120,000 -22.6% 0.0%
Prosperity Home Mortgage, LLC $115,000 n/a 0.0%
UNITED BUILT HOMES, L.L.C. $245,000 $115,000 -53.1% 0.0%
AMCAP MORTGAGE, LTD. $520,000 $105,000 -79.8% 0.0%
Lakeview Community Capital, LLC $135,000 $105,000 -22.2% 0.0%
MOVEMENT MORTGAGE, LLC $430,000 $105,000 -75.6% 0.0%
OKLAHOMA'S $100,000 n/a 0.0%
ALTRA $440,000 $85,000 -80.7% 0.0%
ATLANTA POSTAL $85,000 n/a 0.0%
Deere Employees Credit Union $35,000 $85,000 142.9% 0.0%
First Service Bank $85,000 n/a 0.0%
M&T Bank $535,000 $85,000 -84.1% 0.0%
OMNI Community Credit Union $85,000 n/a 0.0%
First National Bank of America $75,000 n/a 0.0%
SUN WEST MORTGAGE COMPANY, INC. $75,000 n/a 0.0%
Operating Engineers Local Union #3 $65,000 n/a 0.0%
RUOFF MORTGAGE COMPANY, INC. $220,000 $65,000 -70.5% 0.0%
Tyndall Federal Credit Union $45,000 n/a 0.0%
Willamette Valley Bank $45,000 n/a 0.0%
Farm Credit Services of Western Arkansas, PCA $105,000 $35,000 -66.7% 0.0%
Today's Bank $25,000 n/a 0.0%
GSF Mortgage Corporation $75,000 $5,000 -93.3% 0.0%

FORT SMITH's top lender by overall market share is Firstar Bank, with 14.3% market share. In second place, with 11.0%, is Arvest Bank, having originated $75,025,000 in loans. In third place, with 4.7%, is QUICKEN LOANS, LLC, having originated $32,300,000 in loans. In fourth place, with 4.0%, is Armstrong Bank, having originated $27,120,000 in loans. In fifth place, with 3.8%, is The First National Bank of Fort Smith, having originated $25,615,000 in loans.


FORT SMITH Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - FORT SMITH (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 $150,425 (1.0%) $217,388 (2.7%) 0.56 1,143
2018-02-01 $152,350 (3.1%) $219,335 (5.0%) 0.55 1,116
2018-03-01 $157,700 (5.5%) $225,823 (7.3%) 0.55 1,113
2018-04-01 $157,400 (3.6%) $226,620 (2.2%) 0.53 1,131
2018-05-01 $159,900 (4.2%) $226,723 (-0.2%) 0.53 1,154
2018-06-01 $159,900 (2.3%) $227,961 (-1.8%) 0.53 1,173
2018-07-01 $159,250 (5.5%) $225,059 (0.2%) 0.53 1,195
2018-08-01 $159,900 (7.0%) $225,575 (3.8%) 0.54 1,203
2018-09-01 $157,000 (5.4%) $224,128 (3.4%) 0.53 1,226
2018-10-01 $156,750 (4.9%) $222,524 (2.8%) 0.53 1,235
2018-11-01 $154,950 (3.8%) $218,582 (0.1%) 0.53 1,254
2018-12-01 $154,900 (4.7%) $217,516 (1.1%) 0.53 1,205
2019-01-01 $154,950 (3.0%) $223,542 (2.8%) 0.54 1,161
2019-02-01 $158,350 (3.9%) $226,845 (3.4%) 0.54 1,143
2019-03-01 $161,571 (2.5%) $232,913 (3.1%) 0.53 1,121
2019-04-01 $164,750 (4.7%) $238,760 (5.4%) 0.52 1,122
2019-05-01 $169,250 (5.9%) $240,567 (6.1%) 0.53 1,097
2019-06-01 $169,900 (6.3%) $245,647 (7.8%) 0.53 1,078
2019-07-01 $167,375 (5.1%) $245,926 (9.3%) 0.52 1,073
2019-08-01 $165,000 (3.2%) $240,113 (6.4%) 0.52 1,087
2019-09-01 $165,000 (5.1%) $235,459 (5.1%) 0.53 1,096
2019-10-01 $164,998 (5.3%) $231,644 (4.1%) 0.53 1,094
2019-11-01 $164,500 (6.2%) $230,176 (5.3%) 0.54 1,055
2019-12-01 $159,900 (3.2%) $229,068 (5.3%) 0.53 1,008
2020-01-01 $159,950 (3.2%) $227,106 (1.6%) 0.53 969
2020-02-01 $164,799 (4.1%) $234,730 (3.5%) 0.54 962
2020-03-01 $169,450 (4.9%) $241,672 (3.8%) 0.53 901
2020-04-01 $174,900 (6.2%) $246,914 (3.4%) 0.55 883
2020-05-01 $179,000 (5.8%) $254,365 (5.7%) 0.54 815
2020-06-01 $189,000 (11.2%) $265,871 (8.2%) 0.56 758
2020-07-01 $195,000 (16.5%) $275,217 (11.9%) 0.57 709
2020-08-01 $194,500 (17.9%) $278,480 (16.0%) 0.56 664
2020-09-01 $189,525 (14.9%) $290,339 (23.3%) 0.54 586
2020-10-01 $195,000 (18.2%) $288,676 (24.6%) 0.56 563
2020-11-01 $190,425 (15.8%) $298,084 (29.5%) 0.56 514
2020-12-01 $184,375 (15.3%) $290,370 (26.8%) 0.55 491
2021-01-01 $183,750 (14.9%) $298,298 (31.4%) 0.55 455
2021-02-01 $195,000 (18.3%) $310,368 (32.2%) 0.57 390
2021-03-01 $184,950 (9.2%) $306,264 (26.7%) 0.52 373
2021-04-01 $189,000 (8.1%) $314,604 (27.4%) 0.51 370
2021-05-01 $209,700 (17.2%) $332,533 (30.7%) 0.56 342
2021-06-01 $219,450 (16.1%) $321,698 (21.0%) 0.58 382
2021-07-01 $209,900 (7.6%) $311,384 (13.1%) 0.55 480
2021-08-01 $197,450 (1.5%) $307,917 (10.6%) 0.53 487
2021-09-01 $199,225 (5.1%) $308,275 (6.2%) 0.53 496
2021-10-01 $210,000 (7.7%) $317,994 (10.2%) 0.56 462
2021-11-01 $210,950 (10.8%) $318,761 (6.9%) 0.56 400
2021-12-01 $213,575 (15.8%) $325,850 (12.2%) 0.58 382
2022-01-01 $199,950 (8.8%) $326,158 (9.3%) 0.54 349
2022-02-01 $219,950 (12.8%) $334,140 (7.7%) 0.57 328
2022-03-01 $215,375 (16.5%) $333,122 (8.8%) 0.54 360
2022-04-01 $216,850 (14.7%) $334,459 (6.3%) 0.52 369
2022-05-01 $231,225 (10.3%) $333,206 (0.2%) 0.53 393
2022-06-01 $227,225 (3.5%) $323,271 (0.5%) 0.51 440
2022-07-01 $237,195 (13.0%) $334,554 (7.4%) 0.53 490
2022-08-01 $234,950 (19.0%) $333,862 (8.4%) 0.54 518
2022-09-01 $230,000 (15.5%) $306,217 (-0.7%) 0.54 545
2022-10-01 $239,900 (14.2%) $307,900 (-3.2%) 0.56 583
2022-11-01 $232,000 (10.0%) $318,210 (-0.2%) 0.56 590
2022-12-01 $227,250 (6.4%) $314,422 (-3.5%) 0.56 554
2023-01-01 $228,188 (14.1%) $316,515 (-3.0%) 0.57 540
2023-02-01 $236,975 (7.7%) $319,591 (-4.4%) 0.57 498
2023-03-01 $238,875 (10.9%) $329,091 (-1.2%) 0.56 473
2023-04-01 $240,000 (10.7%) $337,159 (0.8%) 0.56 460
2023-05-01 $249,450 (7.9%) $334,182 (0.3%) 0.57 469
2023-06-01 $255,000 (12.2%) $341,613 (5.7%) 0.57 494
2023-07-01 $259,948 (9.6%) $344,538 (3.0%) 0.59 535
2023-08-01 $265,457 (13.0%) $355,998 (6.6%) 0.61 566
2023-09-01 $270,000 (17.4%) $355,106 (16.0%) 0.63 604
2023-10-01 $269,400 (12.3%) $354,555 (15.2%) 0.63 677
2023-11-01 $269,450 (16.1%) $351,539 (10.5%) 0.64 680
2023-12-01 $259,900 (14.4%) $343,503 (9.3%) 0.63 696
2024-01-01 $265,000 (16.1%) $344,419 (8.8%) 0.65 662
2024-02-01 $250,950 (5.9%) $339,632 (6.3%) 0.60 678
2024-03-01 $254,900 (6.7%) $335,715 (2.0%) 0.60 668
2024-04-01 $267,350 (11.4%) $350,591 (4.0%) 0.62 656
2024-05-01 $275,000 (10.2%) $357,966 (7.1%) 0.62 698
2024-06-01 $279,000 (9.4%) $364,033 (6.6%) 0.63 720
2024-07-01 $275,000 (5.8%) $360,314 (4.6%) 0.63 734
2024-08-01 $279,900 (5.4%) $364,446 (2.4%) 0.65 780
2024-09-01 $275,000 (1.9%) $357,868 (0.8%) 0.65 787
2024-10-01 $270,000 (0.2%) $353,668 (-0.3%) 0.64 863
2024-11-01 $269,900 (0.2%) $344,605 (-2.0%) 0.65 944
FORT SMITH's median listing price for 2024-11-01 was $269,900, a difference of $450 (0.2%) versus the prior year and $-100 versus the prior month.

FORT SMITH's median listing price comes in at 65% of the national average.

FORT SMITH's average listing price for 2024-11-01 was $344,605, a difference of $-6,934 (-2.0%) versus the prior year and $-9,063 versus the prior month.

For the 2024-11-01 period, FORT SMITH had 944 MLS listings, a difference of 81 listings (9%) versus the prior month and 264 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - FORT SMITH (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 94 days 1,820 sqft
2018-02-01 92 days 1,832 sqft
2018-03-01 79 days 1,886 sqft
2018-04-01 71 days 1,896 sqft
2018-05-01 67 days 1,910 sqft
2018-06-01 64 days 1,912 sqft
2018-07-01 68 days 1,911 sqft
2018-08-01 74 days 1,928 sqft
2018-09-01 78 days 1,889 sqft
2018-10-01 79 days 1,885 sqft
2018-11-01 80 days 1,843 sqft
2018-12-01 86 days 1,833 sqft
2019-01-01 93 days 1,815 sqft
2019-02-01 89 days 1,818 sqft
2019-03-01 82 days 1,855 sqft
2019-04-01 72 days 1,894 sqft
2019-05-01 67 days 1,916 sqft
2019-06-01 75 days 1,924 sqft
2019-07-01 75 days 1,919 sqft
2019-08-01 74 days 1,901 sqft
2019-09-01 73 days 1,878 sqft
2019-10-01 73 days 1,869 sqft
2019-11-01 75 days 1,857 sqft
2019-12-01 86 days 1,854 sqft
2020-01-01 89 days 1,857 sqft
2020-02-01 82 days 1,848 sqft
2020-03-01 74 days 1,890 sqft
2020-04-01 74 days 1,923 sqft
2020-05-01 75 days 1,980 sqft
2020-06-01 68 days 1,984 sqft
2020-07-01 67 days 2,002 sqft
2020-08-01 64 days 2,000 sqft
2020-09-01 59 days 2,000 sqft
2020-10-01 51 days 2,018 sqft
2020-11-01 54 days 2,007 sqft
2020-12-01 65 days 1,921 sqft
2021-01-01 72 days 1,921 sqft
2021-02-01 58 days 1,935 sqft
2021-03-01 42 days 1,814 sqft
2021-04-01 33 days 1,826 sqft
2021-05-01 36 days 1,887 sqft
2021-06-01 30 days 1,886 sqft
2021-07-01 29 days 1,880 sqft
2021-08-01 34 days 1,853 sqft
2021-09-01 37 days 1,829 sqft
2021-10-01 45 days 1,879 sqft
2021-11-01 49 days 1,820 sqft
2021-12-01 51 days 1,839 sqft
2022-01-01 53 days 1,844 sqft
2022-02-01 38 days 1,827 sqft
2022-03-01 33 days 1,810 sqft
2022-04-01 32 days 1,800 sqft
2022-05-01 33 days 1,783 sqft
2022-06-01 33 days 1,791 sqft
2022-07-01 37 days 1,816 sqft
2022-08-01 41 days 1,826 sqft
2022-09-01 48 days 1,806 sqft
2022-10-01 51 days 1,813 sqft
2022-11-01 57 days 1,826 sqft
2022-12-01 64 days 1,780 sqft
2023-01-01 71 days 1,801 sqft
2023-02-01 70 days 1,827 sqft
2023-03-01 63 days 1,823 sqft
2023-04-01 53 days 1,848 sqft
2023-05-01 43 days 1,836 sqft
2023-06-01 46 days 1,860 sqft
2023-07-01 49 days 1,855 sqft
2023-08-01 51 days 1,859 sqft
2023-09-01 52 days 1,838 sqft
2023-10-01 51 days 1,844 sqft
2023-11-01 58 days 1,859 sqft
2023-12-01 68 days 1,828 sqft
2024-01-01 85 days 1,835 sqft
2024-02-01 78 days 1,797 sqft
2024-03-01 58 days 1,773 sqft
2024-04-01 52 days 1,807 sqft
2024-05-01 50 days 1,844 sqft
2024-06-01 57 days 1,878 sqft
2024-07-01 60 days 1,835 sqft
2024-08-01 60 days 1,851 sqft
2024-09-01 58 days 1,837 sqft
2024-10-01 61 days 1,834 sqft
2024-11-01 65 days 1,804 sqft
FORT SMITH's median listing age (time on market) for 2024-11-01 was 65 days. This is 12% longer than the same period one year ago.

FORT SMITH's median square footage for active listings during the 2024-11-01 period was 1,804 sqft. One year prior, the average listing was 1,859 sqft.

FORT SMITH, AR-OK Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
72901 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72902 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
72903 Fort Smith, AR-OK HUD Metro FMR Area $610 $620 $810 $1,120 $1,290
72904 Fort Smith, AR-OK HUD Metro FMR Area $620 $620 $820 $1,130 $1,310
72905 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
72906 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
72908 Fort Smith, AR-OK HUD Metro FMR Area $710 $710 $940 $1,300 $1,500
72913 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
72914 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
72916 Fort Smith, AR-OK HUD Metro FMR Area $690 $700 $920 $1,270 $1,470
72917 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
72918 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
72921 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72923 Fort Smith, AR-OK HUD Metro FMR Area $790 $800 $1,050 $1,450 $1,670
72927 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72930 Fort Smith, AR-OK HUD Metro FMR Area $630 $640 $800 $1,010 $1,330
72932 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72933 Fort Smith, AR-OK HUD Metro FMR Area $630 $640 $800 $1,010 $1,330
72934 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72935 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72936 Fort Smith, AR-OK HUD Metro FMR Area $620 $620 $820 $1,130 $1,310
72937 Fort Smith, AR-OK HUD Metro FMR Area $640 $650 $850 $1,180 $1,350
72938 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72940 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72941 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72944 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72945 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72946 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72947 Fort Smith, AR-OK HUD Metro FMR Area $610 $610 $800 $1,080 $1,290
72948 Fort Smith, AR-OK HUD Metro FMR Area $610 $630 $810 $1,130 $1,340
72952 Fort Smith, AR-OK HUD Metro FMR Area $660 $660 $870 $1,200 $1,390
72955 Fort Smith, AR-OK HUD Metro FMR Area $610 $610 $810 $1,110 $1,290
72956 Fort Smith, AR-OK HUD Metro FMR Area $620 $620 $820 $1,130 $1,310
72957 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
72959 Fort Smith, AR-OK HUD Metro FMR Area $710 $750 $910 $1,290 $1,550
74435 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
74931 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
74936 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,110 $1,270
74945 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
74946 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
74948 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
74954 Fort Smith, AR-OK HUD Metro FMR Area $640 $650 $850 $1,180 $1,350
74955 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270
74962 Fort Smith, AR-OK HUD Metro FMR Area $600 $610 $800 $1,100 $1,270

2022 Average & Median Rent Data Statistics
FORT SMITH, AR-OK average 1BR rent: $628, median: $610
FORT SMITH, AR-OK average 2BR rent: $820, median: $800
FORT SMITH, AR-OK average 3BR rent: $1,127, median: $1,100

FORT SMITH, AR-OK Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 2,540 $497,940,000 $196,039
Other 425 $27,525,000 $64,765
Refi 406 $73,000,000 $179,803
Cash Out Refi 403 $61,495,000 $152,593
Home Improvement 343 $22,275,000 $64,942

Fort Smith's most frequently cited loan purpose was Home Purchase, with 2,540 originations. The 2nd most popular reason was Other, with 425 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 1,454 $270,390,000 $185,963
Over 8% 960 $93,310,000 $97,198
7-8% 899 $161,835,000 $180,017
5-6% 523 $105,345,000 $201,424
4-5% 19 $3,745,000 $197,105
3-4% 6 $600,000 $100,000
<2.5% 3 $2,985,000 $995,000
2.5-3% 3 $305,000 $101,667

During 2023, Fort Smith's most frequently originated rate bucket was 6-7%, with 1,454 originations.

Loan Sizing (FORT SMITH, AR-OK MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 1,547 $228,565,000 $147,747
$100,000 or less 1,416 $77,300,000 $54,590
$200k-400k 968 $256,320,000 $264,793
$400k-600k 135 $64,255,000 $475,963
$600k-1000k 38 $27,320,000 $718,947
$Over $1MM 13 $28,475,000 $2,190,385

FORT SMITH's loan sizing saw the bucket of loans from $100k-200k with 1,547 originations, totaling $228,565,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 1,739 $351,855,000 $202,332
60-80% 767 $160,195,000 $208,859
Under 20% 518 $19,910,000 $38,436
20-40% 407 $34,835,000 $85,590
40-60% 342 $45,920,000 $134,269
Over 100% 81 $23,615,000 $291,543

FORT SMITH's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,739 originations, totaling $351,855,000 in origination value.