Helena - West Helena Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Helena - West Helena averaged
7.12%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.19% and
one month ago for the week of 2023-10-26, the
average rate was 7.89%.
Helena - West Helena's average rate one year ago was 6.38%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.32%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
| Helena - West Helena 30 Year Fixed Rate | 2023-11-30 | 7.12% |
| Helena - West Helena 30 Year Fixed Rate Refi | 2023-11-30 | 7.32% |
| Helena - West Helena 15 Year Fixed Rate | 2023-11-30 | 6.66% |
| Helena - West Helena 15 Year Fixed Rate Refi | 2023-11-30 | 6.76% |
| Helena - West Helena 30 Year FHA | 2023-11-30 | 6.75% |
| Helena - West Helena 30 Year FHA Refi | 2023-11-30 | 7.15% |
| Helena - West Helena 30 Year USDA | 2023-11-30 | 6.9% |
| Helena - West Helena 30 Year USDA Refi | 2023-11-30 | 6.8% |
| Helena - West Helena 30 Year VA | 2023-11-30 | 6.77% |
| Helena - West Helena 30 Year VA Refi | 2023-11-30 | 6.77% |
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, 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.