Helena - West Helena Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Helena - West Helena averaged 6.77% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.29% and one month ago for the week of 2023-04-20, the average rate was 6.19%.

    Helena - West Helena's average rate one year ago was 5.45%.

    For refis of the same type during the week of 2023-05-25, the average rate was 6.67%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Helena - West Helena 30 Year Fixed Rate 2023-05-25 6.77%
    Helena - West Helena 30 Year Fixed Rate Refi 2023-05-25 6.67%
    Helena - West Helena 15 Year Fixed Rate 2023-05-25 5.87%
    Helena - West Helena 15 Year Fixed Rate Refi 2023-05-25 6.17%
    Helena - West Helena 30 Year FHA 2023-05-25 6.41%
    Helena - West Helena 30 Year FHA Refi 2023-05-25 6.71%
    Helena - West Helena 30 Year USDA 2023-05-25 6.63%
    Helena - West Helena 30 Year USDA Refi 2023-05-25 6.63%
    Helena - West Helena 30 Year VA 2023-05-25 6.31%
    Helena - West Helena 30 Year VA Refi 2023-05-25 6.61%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Helena-West Helena, AR.

    Helena - West Helena 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 Helena-West Helena, 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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Renasant Bank 2 5.43% $3,602
    MORTGAGE FINANCIAL SERVICES, LLC 2 5.94% $3,939
    QUICKEN LOANS, LLC 2 6.37% $4,131
    Regions Bank 2 4.56% $4,013
    FirstTrust Home Loans, Inc. 1 5.25% $3,884
    FLAT BRANCH MORTGAGE, INC. 1 6.49% $3,092
    Gateway First Bank 1 4.75% $2,312
    JPMorgan Chase Bank 1 3.38% $500
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.75% $3,977
    T2 FINANCIAL LLC 1 3.88% $4,051
    Bank of America 1 6.13% $3,541
    TECH Credit Union 1 6.38% $4,741
    BROKER SOLUTIONS, INC. 1 5.63% $4,412
    Centennial Bank 1 4.00% $3,507
    Eagle Bank and Trust Company 1 4.88% $2,643

    Helena - West Helena Average Closing Costs & Other Stats

    Helena-West Helena, AR's 15 lenders originated 123 loans during 2022. The total origination value was $11,365,000, with an average loan value of $92,398.

    Helena - West Helena's average closing costs are $3,695.

    The top Helena - West Helena lender as defined by loan originations is Renasant Bank, with 2 loans originated. Their average total fees are $3,602, which is $338 lower than the next largest lender, MORTGAGE FINANCIAL SERVICES, LLC.

    The lowest fee Helena - West Helena lenders (with over 10 loans originated) are .

    The lowest rate Helena - West Helena lenders (with over 10 loans originated) are .

    Helena-West Helena, 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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Southern Bancorp Bank $2,905,000 $1,830,000 -37.0% 16.1%
    FirstTrust Home Loans, Inc. $620,000 $620,000 0.0% 5.5%
    QUICKEN LOANS, LLC $1,915,000 $580,000 -69.7% 5.1%
    LOANDEPOT.COM, LLC $350,000 $545,000 55.7% 4.8%
    21ST MORTGAGE CORPORATION $295,000 $530,000 79.7% 4.7%
    Renasant Bank $970,000 $510,000 -47.4% 4.5%
    Regions Bank $495,000 n/a 4.4%
    MORTGAGE FINANCIAL SERVICES, LLC $395,000 $445,000 12.7% 3.9%
    VANDERBILT MORTGAGE AND FINANCE, INC. $190,000 $435,000 128.9% 3.8%
    Centennial Bank $885,000 $380,000 -57.1% 3.3%
    PENNYMAC LOAN SERVICES, LLC $380,000 n/a 3.3%
    Mortgage Research Center, LLC $185,000 $320,000 73.0% 2.8%
    Bank of America $105,000 $265,000 152.4% 2.3%
    Wells Fargo Bank $155,000 $250,000 61.3% 2.2%
    BROKER SOLUTIONS, INC. $35,000 $225,000 542.9% 2.0%
    JPMorgan Chase Bank $255,000 $225,000 -11.8% 2.0%
    Cornerstone Bank $195,000 n/a 1.7%
    COMMUNITY MORTGAGE CORPORATION $85,000 $155,000 82.4% 1.4%
    NAVY FEDERAL CREDIT UNION $75,000 $155,000 106.7% 1.4%
    T2 FINANCIAL LLC $145,000 n/a 1.3%
    GSF Mortgage Corporation $135,000 n/a 1.2%
    SOVEREIGN LENDING GROUP INCORPORATED $125,000 n/a 1.1%
    TECH Credit Union $125,000 n/a 1.1%
    FIRST COMMUNITY MORTGAGE, INC. $600,000 $120,000 -80.0% 1.1%
    NBKC BANK $115,000 n/a 1.0%
    ARKANSAS Federal Credit Union $50,000 $105,000 110.0% 0.9%
    Hometown Lenders, Inc. $95,000 n/a 0.8%
    USAA Federal Savings Bank $75,000 n/a 0.7%
    Evolve Bank & Trust $65,000 n/a 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $65,000 n/a 0.6%
    EVERETT FINANCIAL, INC. $55,000 n/a 0.5%
    FLAT BRANCH MORTGAGE, INC. $325,000 $55,000 -83.1% 0.5%
    FEDEX EMPLOYEES CREDIT ASSOCIATION $45,000 n/a 0.4%
    Eagle Bank and Trust Company $265,000 $35,000 -86.8% 0.3%
    First National Bank of Eastern Arkansas $35,000 n/a 0.3%
    NEWREZ LLC $135,000 $35,000 -74.1% 0.3%
    Gateway First Bank $25,000 n/a 0.2%

    Helena - West Helena's top lender by overall market share is Southern Bancorp Bank, with 16.1% market share. In second place, with 5.5%, is FirstTrust Home Loans, Inc., having originated $620,000 in loans. In third place, with 5.1%, is QUICKEN LOANS, LLC, having originated $580,000 in loans. In fourth place, with 4.8%, is LOANDEPOT.COM, LLC, having originated $545,000 in loans. In fifth place, with 4.7%, is 21ST MORTGAGE CORPORATION, having originated $530,000 in loans.

    Helena - West Helena Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Helena - West Helena (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 $44,700 (-35.1%) $58,658 (-25.2%) 0.00 16
    2018-02-01 $42,450 (-19.1%) $55,389 (-22.0%) 0.00 18
    2018-03-01 $42,450 (-26.1%) $51,518 (-28.3%) 0.00 19
    2018-04-01 $51,280 (-16.6%) $50,923 (-40.3%) 0.00 20
    2018-05-01 $50,080 (-36.6%) $48,568 (-51.8%) 0.00 18
    2018-06-01 $47,500 (-41.4%) $51,647 (-54.7%) 0.00 16
    2018-07-01 $41,325 (-47.9%) $49,235 (-50.9%) 0.00 19
    2018-08-01 $26,175 (-58.3%) $39,611 (-54.6%) 0.00 21
    2018-09-01 $25,000 (-57.6%) $33,098 (-56.2%) 0.00 19
    2018-10-01 $23,500 (-52.5%) $29,222 (-52.8%) 0.00 15
    2018-11-01 $24,900 (-52.3%) $36,393 (-42.6%) 0.00 14
    2018-12-01 $30,000 (-39.4%) $54,810 (-7.0%) 0.00 15
    2019-01-01 $28,950 (-35.2%) $49,746 (-15.2%) 0.00 16
    2019-02-01 $36,225 (-14.7%) $50,141 (-9.5%) 0.00 14
    2019-03-01 $49,900 (17.6%) $52,346 (1.6%) 0.00 14
    2019-04-01 $59,900 (16.8%) $66,617 (30.8%) 0.00 18
    2019-05-01 $50,930 (1.7%) $96,440 (98.6%) 0.00 15
    2019-06-01 $49,900 (5.1%) $89,535 (73.4%) 0.00 14
    2019-07-01 $49,650 (20.2%) $92,671 (88.2%) 0.00 13
    2019-08-01 $60,000 (129.2%) $107,127 (170.5%) 0.00 11
    2019-09-01 $61,250 (145.0%) $115,513 (249.0%) 0.00 11
    2019-10-01 $61,250 (160.6%) $121,239 (314.9%) 0.00 12
    2019-11-01 $53,000 (112.9%) $55,403 (52.2%) 0.00 16
    2019-12-01 $62,500 (108.3%) $60,979 (11.3%) 0.00 14
    2020-01-01 $60,625 (109.4%) $64,665 (30.0%) 0.00 14
    2020-02-01 $58,900 (62.6%) $115,578 (130.5%) 0.00 15
    2020-03-01 $48,975 (-1.9%) $72,316 (38.2%) 0.00 13
    2020-04-01 $79,000 (31.9%) $118,704 (78.2%) 0.00 12
    2020-05-01 $79,000 (55.1%) $124,700 (29.3%) 0.00 9
    2020-06-01 $79,000 (58.3%) $121,968 (36.2%) 0.00 11
    2020-07-01 $45,000 (-9.4%) $89,092 (-3.9%) 0.00 18
    2020-08-01 $29,500 (-50.8%) $55,527 (-48.2%) 0.00 23
    2020-09-01 $56,000 (-8.6%) $58,794 (-49.1%) 0.00 27
    2020-10-01 $27,500 (-55.1%) $54,518 (-55.0%) 0.00 25
    2020-11-01 $43,375 (-18.2%) $59,496 (7.4%) 0.00 25
    2020-12-01 $43,750 (-30.0%) $58,202 (-4.6%) 0.00 23
    2021-01-01 $50,200 (-17.2%) $59,886 (-7.4%) 0.00 21
    2021-02-01 $44,675 (-24.2%) $60,727 (-47.5%) 0.00 20
    2021-03-01 $35,000 (-28.5%) $66,051 (-8.7%) 0.00 21
    2021-04-01 $34,000 (-57.0%) $66,311 (-44.1%) 0.00 18
    2021-05-01 $30,000 (-62.0%) $68,233 (-45.3%) 0.00 19
    2021-06-01 $30,000 (-62.0%) $66,685 (-45.3%) 0.00 19
    2021-07-01 $27,500 (-38.9%) $75,606 (-15.1%) 0.00 18
    2021-08-01 $28,675 (-2.8%) $77,425 (39.4%) 0.00 18
    2021-09-01 $29,975 (-46.5%) $73,673 (25.3%) 0.00 21
    2021-10-01 $36,500 (32.7%) $75,169 (37.9%) 0.00 28
    2021-11-01 $38,000 (-12.4%) $78,383 (31.8%) 0.00 31
    2021-12-01 $48,000 (9.7%) $100,792 (73.2%) 0.00 28
    2022-01-01 $48,000 (-4.4%) $98,814 (65.0%) 0.00 28
    2022-02-01 $48,000 (7.4%) $110,911 (82.6%) 0.00 30
    2022-03-01 $40,000 (14.3%) $110,457 (67.2%) 0.00 28
    2022-04-01 $53,313 (56.8%) $119,267 (79.9%) 0.00 20
    2022-05-01 $42,250 (40.8%) $96,545 (41.5%) 0.00 22
    2022-06-01 $70,000 (133.3%) $122,144 (83.2%) 0.00 30
    2022-07-01 $65,000 (136.4%) $130,665 (72.8%) 0.00 29
    2022-08-01 $65,000 (126.7%) $123,194 (59.1%) 0.00 29
    2022-09-01 $62,225 (107.6%) $118,828 (61.3%) 0.00 29
    2022-10-01 $64,500 (76.7%) $102,375 (36.2%) 0.00 31
    2022-11-01 $64,500 (69.7%) $103,303 (31.8%) 0.00 29
    2022-12-01 $119,950 (149.9%) $136,250 (35.2%) 0.00 19
    2023-01-01 $144,925 (201.9%) $158,591 (60.5%) 0.00 19
    2023-02-01 $149,900 (212.3%) $155,441 (40.2%) 0.00 23
    2023-03-01 $139,675 (249.2%) $143,671 (30.1%) 0.00 22
    2023-04-01 $119,500 (124.2%) $145,100 (21.7%) 0.00 16
    Helena - West Helena's median listing price for 2023-04-01 was $119,500, a difference of $66,187 (124.2%) versus the prior year and $-20,175 versus the prior month.

    Helena - West Helena's median listing price comes in at 0% of the national average.

    Helena - West Helena's average listing price for 2023-04-01 was $145,100, a difference of $25,833 (21.7%) versus the prior year and $1,429 versus the prior month.

    For the 2023-04-01 period, Helena - West Helena had 16 MLS listings, a difference of -6 listings (-27%) versus the prior month and -4 listings (-20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Helena - West Helena (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,844 sqft
    2018-02-01 0 days 1,768 sqft
    2018-03-01 0 days 1,790 sqft
    2018-04-01 0 days 1,844 sqft
    2018-05-01 0 days 1,824 sqft
    2018-06-01 0 days 1,756 sqft
    2018-07-01 0 days 1,749 sqft
    2018-08-01 0 days 1,776 sqft
    2018-09-01 0 days 1,675 sqft
    2018-10-01 0 days 1,495 sqft
    2018-11-01 0 days 1,619 sqft
    2018-12-01 0 days 1,713 sqft
    2019-01-01 0 days 1,713 sqft
    2019-02-01 0 days 1,487 sqft
    2019-03-01 0 days 1,715 sqft
    2019-04-01 0 days 1,827 sqft
    2019-05-01 0 days 1,800 sqft
    2019-06-01 0 days 1,801 sqft
    2019-07-01 0 days 1,762 sqft
    2019-08-01 0 days 1,750 sqft
    2019-09-01 0 days 1,789 sqft
    2019-10-01 0 days 1,813 sqft
    2019-11-01 0 days 1,761 sqft
    2019-12-01 0 days 1,761 sqft
    2020-01-01 0 days 1,763 sqft
    2020-02-01 0 days 1,769 sqft
    2020-03-01 0 days 1,874 sqft
    2020-04-01 0 days 2,031 sqft
    2020-05-01 0 days 2,212 sqft
    2020-06-01 0 days 2,237 sqft
    2020-07-01 0 days 1,747 sqft
    2020-08-01 0 days 1,568 sqft
    2020-09-01 0 days 1,581 sqft
    2020-10-01 0 days 1,564 sqft
    2020-11-01 0 days 1,550 sqft
    2020-12-01 0 days 1,536 sqft
    2021-01-01 0 days 1,579 sqft
    2021-02-01 0 days 1,550 sqft
    2021-03-01 0 days 1,536 sqft
    2021-04-01 0 days 1,508 sqft
    2021-05-01 0 days 1,457 sqft
    2021-06-01 0 days 1,444 sqft
    2021-07-01 0 days 1,508 sqft
    2021-08-01 0 days 1,536 sqft
    2021-09-01 0 days 1,508 sqft
    2021-10-01 0 days 1,508 sqft
    2021-11-01 0 days 1,508 sqft
    2021-12-01 0 days 1,558 sqft
    2022-01-01 0 days 1,558 sqft
    2022-02-01 0 days 1,552 sqft
    2022-03-01 0 days 1,508 sqft
    2022-04-01 0 days 1,536 sqft
    2022-05-01 0 days 1,564 sqft
    2022-06-01 0 days 1,594 sqft
    2022-07-01 0 days 1,594 sqft
    2022-08-01 0 days 1,672 sqft
    2022-09-01 0 days 1,731 sqft
    2022-10-01 0 days 1,594 sqft
    2022-11-01 0 days 1,594 sqft
    2022-12-01 0 days 1,899 sqft
    2023-01-01 0 days 2,294 sqft
    2023-02-01 0 days 2,178 sqft
    2023-03-01 0 days 1,953 sqft
    2023-04-01 0 days 1,747 sqft
    Helena - West Helena's median listing age (time on market) for 2023-04-01 was 0 days.

    Helena - West Helena's median square footage for active listings during the 2023-04-01 period was 1,747 sqft. One year prior, the average listing was 1,536 sqft.

    Helena-West Helena, AR Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 78 $8,030,000 $102,949
    Refi 20 $1,510,000 $75,500
    Cash Out Refi 12 $1,140,000 $95,000
    Home Improvement 9 $485,000 $53,889
    Other 4 $200,000 $50,000

    Helena - West Helena's most frequently cited loan purpose was Home Purchase, with 78 originations. The 2nd most popular reason was Refi, with 20 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 28 $3,100,000 $110,714
    5-6% 28 $2,610,000 $93,214
    4-5% 18 $1,230,000 $68,333
    6-7% 17 $1,685,000 $99,118
    7-8% 5 $415,000 $83,000
    Over 8% 4 $370,000 $92,500
    <2.5% 2 $170,000 $85,000
    2.5-3% 1 $185,000 $185,000

    During 2022, Helena - West Helena's most frequently originated rate bucket was 3-4%, with 28 originations.

    Loan Sizing (Helena-West Helena, AR MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 78 $3,730,000 $47,821
    $100k-200k 35 $4,935,000 $141,000
    $200k-400k 9 $2,155,000 $239,444
    $400k-600k 1 $545,000 $545,000

    Helena - West Helena's loan sizing saw the bucket of loans from $100,000 or less with 78 originations, totaling $3,730,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 50 $5,720,000 $114,400
    60-80% 30 $2,470,000 $82,333
    40-60% 14 $1,020,000 $72,857
    20-40% 4 $100,000 $25,000
    Under 20% 3 $65,000 $21,667
    Over 100% 2 $390,000 $195,000

    Helena - West Helena's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 50 originations, totaling $5,720,000 in origination value.